Asia-Pacific Industrial Boilers Market is expected to grow with the CAGR of 6.2% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:
Asia-Pacific industrial boilers market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Asia-Pacific industrial boilers market are introducing low emission and compact design product portfolio. This helped companies to maximize the sales with enhanced service portfolio. For Instance, In December 2018, ALFA LAVAL company acquired the certain technologies and activities from the Airec, heat exchange technology provider company. The company improved their offering for the market by using the expertise of Airec company in the field of heat transfer technologies. Through this, the company enhanced their product portfolio and customer base for the market.
Mitsubishi Hitachi Power Systems, Ltd. is the dominating player in global industrial boilers market. The other key players existing in the market includes Babcock & Wilcox Enterprises, Inc., DEC, John Wood Group PLC, Bharat Heavy Electricals Limited, IHI Corporation, Thermax Limited, ANDRITZ, Siemens, ALFA LAVAL, GENERAL ELECTRIC, Hurst Boiler & Welding Co, Inc, Superior Boiler Works, Inc., Sofinter S.p.a, Suzhou Hailu Heavy Industry Co. Ltd, Cleaver-Brooks, Inc and ZOZEN boiler Co., Ltd. among others.
Mitsubishi Hitachi Power Systems, Ltd. headquartered in Yokohama, Japan was founded in year 2014. The company offers the design, development, construction, commissioning, manufacturing and service for the thermal power plants. The company offers various product categories such as GTCC, Steam Power, IGCC, Geothermal, Gas Turbines, Steam Turbines, Boilers, Air Quality Control Systems (AQCS), Generators, Control Systems, Fuel Cells, Others among which Boilers is focused category.
The company has presence in North America, Europe, Middle East & Africa, Asia-Pacific and South America. In addition to it, the company also generates its revenue from the various subsidiary companies such Mitsubishi Hitachi Power Systems Environmental Solutions, Ltd. (Japan), Mitsubishi Hitachi Power Systems Gas Turbine Service Co., Ltd. (Japan), Mitsubishi Hitachi Power Systems Industries Co., Ltd. (Japan), Mitsubishi Hitachi Power Systems Inspection Technologies, Ltd. (Japan), Mitsubishi Hitachi Power Systems Precision Casting Co., Ltd (Japan) and others.
ALFA LAVAL, headquartered in Lund, Sweden and was founded in 1883. The company focuses in providing products and solutions to various technologies such as heat transfer, fluid handling and separation. The company offers wide range of product categories such as fluid handling, heat transfer, separation, process solutions among which heat transfer is focused category. Company operates their business through energy, food & water, marine, greenhouse, operations & other business segment while energy is focused category.
The company has wide global presence across the globe such as Europe, Asia, U.S. and Latin America.
ANDRITZ is headquartered in Graz, Austria which was established in 1852. The company provides the systems, equipment, plants and other services for pulp and paper, steel, hydropower and other industries. The company has wide solution range such as Kraft Pulp & Dissolving Pulp, Metals, Hydro, Separation, Automation, Environmental solutions, Feed and Biofuel, Marine Offshore, Nonwoven and textile, Panelboard, Pumps, Recycling, Thermal power, Wedge wire and perforation in which Kraft Pulp & Dissolving Pulp and Environmental Solutions are market focused category. Company operates the business through Pulp & Paper, Metals, Hydro, Separation segment and for market Pulp & Paper is focused category.
The company has global presence in North America, Europe, Africa, Asia-Pacific and South America. In addition, company also generates revenue through the subsidiary such as Andritz Fiedler Gmbh (Germany), ANDRITZ HYDRO GmbH (Germany), ANDRITZ Ritz GmbH (Germany), ANDRITZ Inc. (U.S.), HMI Inc. (Canada), Andritz Brasil Ltda. (Brazil) and others.
Global Industrial Boilers Market – Industry Trends and Forecast to 2028
North America Industrial Boilers Market – Industry Trends and Forecast to 2027
Europe Industrial Boilers Market - Industry Trends and Forecast to 2027
Middle East and Africa Industrial Boilers Market – Industry Trends and Forecast to 2027
Asia-Pacific Industrial Boilers Market – Industry Trends and Forecast to 2027