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    Industrial Boilers Market | Covid-19 Impact Analysis

    Industrial Boilers Market | Covid-19 Impact Analysis

    Industrial Boilers Market | Covid-19 Impact Analysis
    Report code - SRCE198 Delivery - 2 Weeks
    Industrial Boilers Market Size, Share, Trend, Forecast, & Industry Analysis – 20 See more...
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    Impact of COVID-19 on Industrial Boilers Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Industrial Boilers Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Industrial Boilers Market Insights

    Industrial Boilers market is likely to witness an impressive CAGR of 5.9% during the forecast period. The prime factor contributing to the demand for industrial boilers is mainly the rapid growth in industrial sector along with the increasing demand for eco-friendly boilers in compliance with stringent emission regulations.   

    Industrial Boilers Market - Snapshot

    Growth

    5.9% for the next five year

    Major Boiler Type

    Fire-tube

    Dominant Fuel Type

    Natural Gas & Biomass

    Region with the highest demand

    Asia-Pacific

    Key Players

    Babcock & Wilcox Enterprises, Inc., Dongfang Electric Corporation, Siemens AG, General Electric Company, Amec Foster Wheeler plc, Bharat Heavy Electricals Limited, Harbin Electric Corporation, IHI Corporation, Mitsubishi Hitachi Power Systems, Ltd., and Thermax Limited.

     

    Market Share Analysis

    Industrial-Boilers-Market-Dominant-Segments

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    Industrial Boilers Market Share: By Boiler Type

    Based on the boiler type, the market is segmented as fire-tube and water-tube. The fire-tube boiler type segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The wide use of fire-tube boilers due to their compact design and higher efficiency in operation is driving the growth of the segment.

    Industrial Boilers Market Share: By Fuel Type

    Based on the fuel type, the industrial boilers market is segmented as natural gas & biomass, oil, coal, and others. The natural gas & biomass segment dominates the market, as natural gas-powered industrial boilers are widely used in various end-use industries such as chemical, food, and metals & mining industries. Incessant replacement of non-renewable fuel, coal; with a renewable fuel, natural gas; is likely to drive the natural gas & biomass segment of the market during the forecast period.

    Industrial Boilers Market Share: By End-Use Industry Type

    Based on the end-use industry type, the industrial boilers market is segmented as chemical, food, refineries, metals & mining, and others. The chemical industry segment dominates the market, whereas the food industry is expected to grow at the highest CAGR in the market during the forecast period. Increasing expansions by the food & beverage and chemical industries is fueling high growth in the market over the coming years. 

    Industrial Boilers Market Share: By Boiler Horsepower Type

    Based on the boiler horsepower type, the industrial boilers market is segmented as 10-150 BHP, 151-300 BHP, and 301-600 BHP. The 10-150 BHP segment dominates the market, as they are extensively used in most of the end-use industries.

    Industrial Boilers Market Share: By Region

    In terms of regions, Asia-Pacific is expected to be the dominant as well as fastest-growing region in the market in the coming five years. The highest growth of the region is attributed to rapid industrialization in the region’s emerging economies such as India and China. Increasing number of refineries among the various countries of the region is boosting the demand for industrial boilers in the Asia-Pacific region.

    Industrial-Boilers-Market-By-Region

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    Some of the major industrial boiler manufacturers are-

    • Babcock & Wilcox Enterprises, Inc.
    • Dongfang Electric Corporation
    • Siemens AG
    • General Electric Company
    • Amec Foster Wheeler plc
    • Bharat Heavy Electricals Limited
    • Harbin Electric Corporation
    • IHI Corporation
    • Mitsubishi Hitachi Power Systems, Ltd.
    • Thermax Limited.

     

    Market Scope & Segmentation

    Industrial boilers are closed vessels in which a fuel (natural gas & biomass or oil or coal, etc.) is used to heat water or to generate steam for industrial heating and humidification applications.

    Industrial boilers can be classified on the basis of method of heat exchange; fire-tube boilers feed hot gases as a heat source through tubes, whereas water-tube boilers feed water through tubes and the water gets heated from the heating elements surrounding the tubes.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Industrial Boilers Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    13

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The industrial boilers market is segmented into the following categories. 

    Industrial Boilers Market Size, Share, & Forecast, by Boiler Type:

    • Fire-tube (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Water-tube (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Industrial Boilers Market Size, Share, & Forecast, by Fuel Type:

    • Natural Gas & Biomass (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Coal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Industrial Boilers Market Size, Share, & Forecast, by End-Use Industry Type:

    • Chemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Food (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Refineries (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metals & Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Industrial Boilers Market Size, Share, & Forecast, by Boiler Horsepower Type:

    • 10-150 BHP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 151-300 BHP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 301-600 BHP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Industrial Boilers Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Industrial-Boilers-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the boiler types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Industrial Boilers Market in the foreseeable future?

    The industrial boilers market is expected to witness an impressive growth of 5.9% CAGR in the foreseeable future.

    Who are the key players in the Industrial Boilers Market?

    Babcock & Wilcox Enterprises, Inc., Dongfang Electric Corporation, Siemens AG, General Electric Company, Amec Foster Wheeler plc, Bharat Heavy Electricals Limited, Harbin Electric Corporation, IHI Corporation, Mitsubishi Hitachi Power Systems, Ltd., and Thermax Limited are among the key players in the Industrial Boilers Market.

    Which country/region is expected to be the fastest growing Industrial Boilers Market?

    Asia-pacific is expected to be the fastest growing industrial boilers market during the next five years.

    Which boiler type is expected to remain dominant in the Industrial Boilers Market?

    The fire tube boiler type segment is expected to remain dominant in the industrial boilers market in the coming years.

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