Asia-Pacific Industrial Boilers Market is Expected to Grow With the CAGR of 6.2% in the Forecast Period of 2020 to 2027

Asia-Pacific Industrial Boilers Market is forecasted to grow with significant CAGR owing to factor such as growing adoption of IoT technology for real time monitoring application and performance improvement. Growing demand for the high capacity pressure boilers in manufacturing facilities is acting as major driver for growth of industrial boilers market. High initial investment cost is acting as major restraint for the market.

Industrial boilers market has shown an exceptional penetration in countries such as Japan, China and India. Growing demand of low emission industrial boilers to meet the regulatory norms is increasing the penetration in developed countries. In developing countries, rising industrialization, production of consumer’s goods, food and others is creating huge opportunity for the Asia-Pacific industrial boilers market.

Industrial Boilers Market Scenario

According to Data Bridge Market Research, the market for industrial boilers in Japan has the highest market share. Market leader is Mitsubishi Hitachi Power Systems, Ltd. which accounts an estimated market share of approximately 10% to 15% in the Asia-Pacific region. The company has gained outstanding sales through their Circulating Fluidized Bed (CFB) Boilers, Tower Boilers and Two Pass Boilers. The market is witnessing continuous new product launch, partnership and other strategies in the market.

For instance,

  • In September 2019, Mitsubishi Hitachi Power Systems, Ltd company received the contract of waste heat recovery boiler for PASAR, Copper Smelting and Refining plant located in Leyte Island in the Philippines. The company refurbished the waste heat recovery boiler operating at the plant. Through this contract, the company also strengthened their local servicing operations with the help of group company MHPS (Philippines) Inc.

Asia-Pacific Industrial Boilers MarketTrends Impacting the Market

Now the question is which other countries Mitsubishi Hitachi Power Systems, Ltd, ANDRITZ and ALFA LAVAL are targeting? Data Bridge Market Research has estimated a large growth in Japan industrial boilers market and the market leaders are targeting China and India to be their next revenue pockets for 2020.

The industrial boilers market is becoming more competitive every year with companies such as Mitsubishi Hitachi Power Systems, Ltd, ANDRITZ and ALFA LAVAL as they are the market leaders for industrial boilers. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the industrial boilers market.

For more analysis on the industrial boilers market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-industrial-boilers-market

Industrial Boilers Market Development in 2019

  • In October 2019, Siemens company introduced new enhancement in the Benson technology. The new Benson evaporator has been introduced for the vertical-exhaust-gas-flow heat recovery steam generators. The company implemented the solution at H-class Egypt Megaproject. The project contains 24 boilers equipped with wall surface temperature measurement sensors. This new advancement helped the company to enhance the product portfolio for the market.

Scope of the Industrial Boilers Market

Asia-Pacific industrial boilers market is segmented on the basis of countries into the Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific.

  • All country based analysis of industrial boilers market is further analyzed based on further segmentation. On the basis of tubing methods, the industrial boilers market has been segmented into carrier fire tube boilers and water tube boilers. On the basis of steam pressure, the industrial boilers market has been segmented into high pressure boilers, medium pressure boilers and low pressure boilers. On the basis of steam usage, the industrial boilers market has been segmented into process boilers, utility boilers and marine boilers. On the basis of furnace position, the industrial boilers market has been segmented into externally fired boilers and internally fired boilers. On the basis of shell axis, the industrial boilers market has been segmented into horizontal boilers and vertical boilers. On the basis of tubes in boilers, the industrial boilers market has been segmented into multi-tube boilers and single tube boilers. On the basis of water and steam circulation in boilers, the industrial boilers market has been segmented into forced circulation boilers and natural circulation boilers. On the basis of fuel type, the industrial boilers market is segmented into coal-fired boilers, oil fired boilers, gas fired boilers, biomass boilers and others. On the basis of boiler horsepower, the industrial boilers market has been segmented into 10-150 BHP, 151 -300 BHP and 301 - 600 BHP. On the basis of product type, the industrial boilers market has been segmented into condensing hot water boiler, integrated condensing hot water boiler, integrated condensing steam boiler, split condensing steam boiler, electric heated steam boiler, electric hot water boilers and others. On the basis of industry, the industrial boilers market has been segmented into food industry, breweries, laundries and cleaning firm, construction, pharmaceutical, automotive, pulp and paper, hospitals, agriculture, packaging and others.

To know more about the study https://www.databridgemarketresearch.com/reports/asia-pacific-industrial-boilers-market

Key Pointers Covered in Industrial Boilers Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • COVID 19 Impact on the Market
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • GENERAL ELECTRIC (Power Business Division of General Electric)
  • Mitsubishi Hitachi Power Systems, Ltd.
  • ANDRITZ
  • ALFA LAVAL
  • IHI Corporation
  • Thermax Limited
  • Babcock & Wilcox Enterprises, Inc.
  • Bharat Heavy Electricals Limited
  • DEC
  • Hurst Boiler & Welding Co, Inc.
  • John Wood Group PLC
  • Siemens
  • Sofinter S.p.a
  • Superior Boiler Works, Inc.
  • Suzhou Hailu Heavy Industry Co. Ltd
  • ZOZEN boiler Co., Ltd.

Above are the key players covered in the report, to know about more and exhaustive list of industrial boilers companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-industrial-boilers-market

Research Methodology: Asia-Pacific Industrial Boilers Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Production Mangers, Food Processing Factories, Plant Engineers, and Industrial Professionals among others
  • Supply Side: Service Providers, Service Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Service Consultants and Regulatory Affairs Managers among others

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