Global Industrial Boiler Market is expected to grow with the CAGR of 5.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global industrial boiler 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 global industrial boiler market are introducing low emission and compact design product portfolio. This helped companies to maximize the sales with enhanced service portfolio. For instance, in February, 2020, Cleaver-Brooks, Inc company launched new IoT- based Prometha Connected Boiler Solutions. The new IoT-powered System offer intelligence for the boiler room as customers are able to remotely monitor the boiler system. Through this, the company increased their customer base by offering advanced support.

GENERAL ELECTRIC is the dominating player in global industrial boiler 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, Mitsubishi Hitachi Power Systems, Ltd., Thermax Limited, ANDRITZ, Siemens, ALFA LAVAL, GENERAL ELECTRIC (Power Business Division of General Electric), Hurst Boiler & Welding Co, Inc., Bryan Steam, Superior Boiler Works, Inc., Vapor Power, Sofinter S.p.a, AB&CO GROUP, Suzhou Hailu Heavy Industry Co. Ltd, Cleaver-Brooks, Inc and ZOZEN boiler Co., Ltd. among others.

GENERAL ELECTRIC

GENERAL ELECTRIC, A Power Business Division of General Electric headquartered in New York, U.S. and was founded in 1882. The company engaged into developing reliable, accessible, sustainable and affordable power generation technologies for customers. The company offers wide range of product categories such as gas power, steam power, nuclear power, hybrid power, services among which steam power is focused category. Company operates their business through gas power and power portfolio business segments while power portfolio is focused category.

• In September 2018, General Electric company and NTPC and Tata Chemicals formed contract to provide coal-fired boilers. According to the contract company provided two coal-fired boilers for the 136 TPH Boiler Tata project in Gujarat and NTPC’s 2x490 thermal plant in Uttar Pradesh to improve the plant efficiency. The plant reduced the NOx generation by almost 40% from current levels which helped the company to strengthen their presence in the Indian market.

The company has wide global presence across the globe such as Africa, Asia-pacific, Europe, Middle East, North America, and South America.

Mitsubishi Hitachi Power Systems, Ltd.

Mitsubishi Hitachi Power Systems, Ltd. headquartered in Yokohama, Japan was founded in year 2014. The company focuses on 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.

• In December 2017, Mitsubishi Hitachi Power Systems, Ltd. company completed the successful delivery of the third boiler unit at Medupi Power Station (Note1) located in Republic of South Africa. The company increased customer base for 800 MW supercritical-pressure coal-fired units with increased presence South Africa market.

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.

ANDRITZ

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.

• In February 2020, ANDRITZ Brasil Ltd, a subsidiary of ANDRITZ introduced new simulation tool IDEAS for the recovery of boiler #2 and power boiler #2 at Klabin’s Puma II pulp mill project in Brazil. The company provided the dynamic simulation solutions for pulp mill project in Brazil to improve the performance. Through this, the company enhanced their customer base with enhanced support and service for them.

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.