Press release
Boiler System Market to Surpass USD 3,573.6 million by 2022 |Global Top Key Player: Wilcox Enterprises, Inc. ,AC Boilers S.p.A ,Mitsubishi Hitachi Power Systems, Ltd| Industry Growth Rate Forecast 2018 – 2022.
Market Research Future uses a unique research methodology which is a strong blend of secondary and in-depth primary research. Extensive primary interviews with key market players, stakeholders, market observers and experts are carried out to collect necessary data and information pertaining to various segments and across key regions.Market Highlights
Boiler is a pressure vessel that is used to create and supply steam required for various processes within industries. Industrial Boilers are extensively used across industries such as metal, food & beverage and chemical. The recent trends in the industrial boiler market suggest increasing demand for higher efficiency and effectively. The growth of Global boiler system is due to factors such as significant growth in the food processing sector and growing demand for clean energy sources. However, high maintenance cost is the major restraint that could hinder the market growth.
The Global boiler system market was valued at USD 1,900.4 million in 2014, and is expected to reach USD 3,573.6 million by 2022.
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Key Players
• Wilcox Enterprises, Inc.
• AC Boilers S.p.A
• Mitsubishi Hitachi Power Systems, Ltd.
• ATTSU Termica
• Rentech Boilers
Table of Contents
1 Introduction
1.1 Definition 11
1.2 Scope Of The Study 11
1.3 Assumptions 11
1.4 Market Structure 11
2 Research Methodology
2.1 Research Process 13
2.2 Primary Research 14
2.3 Secondary Research 14
2.4 Market Size Estimation 14
2.5 Forecast Model 16
3 Market Dynamics
3.1 Drivers 17
3.1.1 Significant Growth In The Food Processing Sector 17
3.1.2 Growing Demand For Clean Energy Sources 17
3.2 Restraints 17
3.2.1 High Maintenance Cost 17
3.3 Opportunities 18
3.3.1 Shifting Focus Towards High Performance Boilers 18
Regional Analysis : -
Europe and Asia-Pacific are expected to witness significant growth during the forecast period mainly due to the presence of established manufacturing industries which support the growth of the boiler system market. Rising rate of industrialization and increasing demand for energy in the Asia-pacific region are also expected to boost the sales in the global boiler system market.
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Market Research Future:
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