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  • Industrial Boilers Market Analysis | 2020-2025

    Industrial Boilers Market Analysis | 2020-2025

    Industrial Boilers Market Analysis | 2020-2025
    Report code - SRCE198 Delivery - 2 Weeks
    Industrial Boilers Market Size, Share, Trends, Growth, Forecast, & Industry Analysis:& See more...

    Market Insights

    "The global industrial boilers market is likely to witness an impressive CAGR of 5.9% during the forecast period."

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

    Industrial boilers can be classified on the basis of the 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.

    The prime factor contributing to the demand for industrial boilers is mainly the rapid growth in the industrial sector along with the increasing demand for eco-friendly boilers in compliance with stringent emission regulations.

    Some of the factors that drive the industrial boilers market include the need to produce heat at the lowest possible cost, the need to meet environmental standards that support clean technologies, and the expansion of industries across the globe. Technological tools like the use of predictive maintenance and materials engineering improve overall production and efficiency, as well as the reliability of the systems in use. The cooperation between technology suppliers and industries drives market growth, and investments in developments such as advanced control systems change industrial boilers.

    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.

    Segment Analysis

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    Boiler Trends

    "The fire-tube boiler segment accounted for the largest market share."

    Based on the boiler type, the market is segmented as fire-tube and water-tube. The fire-tube boiler type segment held the largest 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.

    Fuel Trends

    "The natural gas & biomass segment accounted for the largest market share."

    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.

    End-Use Industry Trends

    "The chemical industry segment accounted for the largest market share."

    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 are fueling high growth in the market over the coming years.

    Boiler Horsepower Trends

    "The 10-150 BHP segment accounted for the largest market share."

    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.

    Regional Insights

    "Asia-Pacific accounted for the largest market share."

    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. The increasing number of refineries among the various countries of the region is boosting the demand for industrial boilers in the Asia-Pacific region.?

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    Key Players

    Some of the major industrial boiler manufacturers are:

    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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Industrial Boilers Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

     

    The industrial boilers market is segmented into the following categories:

    By Boiler Type:

    • Fire-tube
    • Water-tube

    By Fuel Type:

    • Natural Gas & Biomass
    • Oil
    • Coal
    • Others

    By End-Use Industry Type:

    • Chemical
    • Food
    • Refineries
    • Metals & Mining
    • Others

    By Boiler Horsepower Type:

    • 10-150 BHP
    • 151-300 BHP
    • 301-600 BHP

    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)

    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

    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 market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    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)  

    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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

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

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

    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.

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

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

    Distributors, suppliers, manufacturers, logistics organizations, and government bodies.