Global 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 U.S., Japan, and Germany. 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 goods, food and others is creating huge opportunity for the global industrial boilers market.
According to Data Bridge Market Research, the market for industrial boilers in Asia-Pacific region has the highest market share followed by Europe and North America. Market leader is GENERAL ELECTRIC which accounts an estimated market share of approximately 24% to 37% 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 February, 2020, Thermax Limited, provider of energy and environment solutions showcased their upcoming boiler technology at Boiler India 2020 event. Company introduced new IoT based technology for the global market with enhanced comic design and low emissions. Through this company strengthened their presence and product portfolio for the market.
Trends Impacting the Market
Now the question is which other regions GENERAL ELECTRIC, Mitsubishi Hitachi Power Systems, Ltd. and ANDRITZ are targeting? Data Bridge Market Research has estimated a large growth in Europe industrial boilers market and the market leaders targeting Germany, U.K. and France to be their next revenue pockets for 2020.
The industrial boilers market is becoming more competitive every year with companies such as I GENERAL ELECTRIC, Mitsubishi Hitachi Power Systems, Ltd. and ANDRITZ 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.
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Global industrial boilers market is segmented on the basis of countries into the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, South Africa and Rest of Middle East and Africa.
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Key Market Competitors Covered in the Report
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=global-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.
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Global Industrial Boilers Market – Industry Trends and Forecast to 2028
North America Industrial Boilers Market – Industry Trends and Forecast to 2029
Europe Industrial Boilers Market – Industry Trends and Forecast to 2030
Middle East and Africa Industrial Boilers Market – Industry Trends and Forecast to 2029
Asia-Pacific Industrial Boilers Market – Industry Trends and Forecast to 2029