Industrial Boilers Market Study 2018-Types, Share, and Growth by Leading International Manufacturers with its Applications, Usage and Types by 2027

Market Highlights: -
Boilers are pressure vessels that are used to supply heated waste or steam to an industrial process. They are the primary equipment used in industries to for steam generation and supply. The Global Industrial Boiler Market is growing with the rapid pace; mainly due to growing demand from food processing sector. One of the foremost concern of food processing firms is the elimination of microbiological threats. Heat is one of the most common methods utilized to reduce or eliminate any microbiological threats. Hence, there has been a rapid surge of integration of Industrial boilers into food processing industry, in recent times.

According to a recent study report published by the Market Research Future, The global market of Industrial Boiler is booming and expected to gain prominence over the forecast period. The Global Industrial Boiler market is forecasted to demonstrate an exponential growth by 2027, surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period (2018 – 2027).

Key Players
• Babcock & Wilcox Co.
• GE Alstom SA.
• Doosan Heavy Industries & Construction
• Siemens AG
• IHI Corporation
• Dongfang Electric Corporation Ltd.

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Industry News: -
Cleaver-Brooks, provider of boiler-room products and systems, has announced the acquisition of two Texas-based boiler sales and service companies: Holman Boiler Works Inc. and Affiliated Power Services (APS).

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has announced that it has signed a Technology License Agreement (TLA) for the Selective Catalyst Reduction System (SCR System) with L&T-MHPS Boilers Private Ltd. (LMB), a joint venture company of Larsen & Toubro Limited and MHPS.

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has received an order for a boiler, a steam turbine and a generator for the San Buenaventura Power Plant, a 500 megawatt (MW) ultra-supercritical-pressure (Note) coal-fired power generation plant to be built by San Buenaventura Power Ltd., a special purpose company (SPC), in the Philippines.

Industrial Boiler Market - Segmentation

Global Industrial Boiler Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.

On the basis of type, market is segmented into Pulverized Coal Fired, Fluidized Bed, Packaged, Heat Recovery Steam Generators, and others.
On the basis of fuel type, market is segmented into Oil, Coal, Gas, and other fuels.

Regional Analysis of Industrial Boilers Market: -

North America is the leading region for the industrial boilers market mainly due to the rising demand for energy. The European region is one of the leading regions for the automotive manufacturing which being dependent on the industrial boilers generates demand for the industrial boilers market. Increasing population and increasing demand for power generation has resulted in, the Asia-Pacific region being poised for developing at the highest growth rate.

The demand for energy is currently very high, combining that with the rapid rate of installation of power plants in the Asia-Pacific region, specifically India, China and Indonesia has resulted in high growth in the Industrial Boilers Market.

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This release was published on openPR.