With consumers always on the lookout for a variety of burner-based products and services, the large number of local and global manufacturers in the global burner management systems (BMS) market exist along with a plethora of products to fulfill their demands, notes Transparency Market Research in a recent report. Our extensive research suggests that product development is all set to pitch new products towards the consumers, which also is a key strategy being utilized by major players in the global BMS market to clock better sales. From a market share perspective, the competitive landscape is fairly fragmented, with the leading ten players accounting for about 45.0% of the total market share in 2015. Siemens AG, Honeywell International and Alstom are a few top players in the global burner management systems (BMS) market. These companies have managed to outlast most of the other businesses in this industry, and have a firm base of operations. Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14204 Based on our studies, the global BMS market had registered a valuation of US$4.58 bn in 2015. We calculated that the market would rise at a CAGR of 5.5%, which would make it attain revenue collections worth US$7.39 bn by the end of the forecast period in 2024.
Electricity Segment as a Futuristic Lucrative Avenue So, which product segment in the burner management systems market has been holding an influential position? As per our studies, the oil segment has stayed in a leading position in the past few years.