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.
Industrial boilers Market Scenario
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.
For more analysis on the industrial boilers market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-industrial-boilers-market
Industrial boilers Market Development in 2020
- In September, 2019, Mitsubishi Hitachi Power Systems, Ltd. company has been awarded the contract of waste heat recovery boiler for PASAR plant. Company installed boiler at Copper Smelting and Refining plant located in Leyte Island in the Philippines. Waste heat recovery boiler has been refurbished at the operating plant. Company strengthened their local servicing operations with the help of group company MHPS (Philippines) Inc.
Scope of the Industrial boilers Market
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.
- All country based analysis of industrial boilers market is further analyzed into eleven notable segments which are based on basis of tubing methods, steam pressure, steam usage, furnace position, shell axis, tubes in boilers, water and steam circulation in boilers, fuel type, product type, boiler horsepower and industry. On the basis of tubing methods, the global industrial boilers market has been segmented into fire tube boilers and water tube boilers. On the basis of steam pressure, the global industrial boilers market has been segmented into high pressure boilers, medium pressure boilers and low pressure boilers. On the basis of steam usage, the global industrial boilers market has been segmented into process boilers, utility boilers and marine boilers. On the basis of furnace position, the global industrial boilers market has been segmented into externally fired boilers and internally fired boilers. On the basis of shell axis, the global industrial boilers market has been segmented into horizontal boilers and vertical boilers. On the basis of tubes in boilers, the global industrial boilers market has been segmented into multi-tube boilers and single boilers. On the basis of water and steam circulation in boilers, the global industrial boilers market has been segmented into forced circulation boilers and natural circulation boilers. On the basis of fuel type, the global industrial boilers market is segmented into coal-fired boilers, oil fired boilers, gas fired boilers, biomass boilers and others. On the basis of product type, the global 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 boiler horsepower, the global industrial boilers market has been segmented into 10 - 150 BHP, 151 - 300 BHP and 301 - 600 BHP. On the basis of industry, the global 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/global-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
- AB&CO GROUP
- Babcock & Wilcox Enterprises, Inc.
- Bharat Heavy Electricals Limited
- Bryan Steam
- Cleaver-Brooks, Inc
- 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
- Vapor Power
- 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=global-industrial-boilers-market
Research Methodology: 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.
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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