Press release
Industrial Boilers Market Have Made USD 12.32 billion And Forecasting Industry Players Like Siemens AG, Sofinter S.p.a, BHEL, Harbin Electric Corporation With +6.1% Growth Rate By 2024
The Global Industrial Boilers Market accounted for USD 12.32 billion in 2016 and projected to grow at a CAGR of 6.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Industrial Boilers Market By Fuel Type (Natural Gas & Biomass, Coal, Oil); Type (Water Tube, Fire Tube); Boiler Horse Power (10BHP-150BHP, 151BHP-300BHP, 301BHP-600BHP); End-Use Industry (Food, Chemical, Refineries, Primary Metal); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Complete report on Global Industrial Boilers Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Key Questions Answered in Global Industrial Boilers Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global Industrial Boilers Market in 2024?
• What are the key factors driving, Analysis by Applications and Countries Global Industrial Boilers Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Industrial Boilers Market?
• Who are Opportunities, Risk and Driving Force of Global Industrial Boilers Market?
• Who are the opportunities and threats faced by the vendors in Global Industrial Boilers Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global Industrial Boilers Market opportunities, market risk and market overview of the Market?
Market Definition: Global Industrial Boilers Market
Industrial boilers are an indispensable part of process plants where steam is used to supply heat to various processes being carried out. A lot of discussion happens around the attributes of a good industrial boiler. This article highlights ten features of industrial boilers which promise a good performance. It has its wide application in food, chemical, refineries, primary metal, and others. Increasing demand for clean and renewable energy sources and increasing natural gas usage may act as the major driver in the growth of Industrial boilers market. Strict emission standards may hamper the market.
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Top Key Players:
• John Wood Group plc
• Babcock & Wilcox Enterprises, Inc.
• DEC
• GENERAL ELECTRIC
• Siemens AG
• Sofinter S.p.a
• BHEL
• Harbin Electric Corporation
• IHI Corporation
• Mitsubishi Hitachi Power Systems, Ltd.
• Thermax Global
• AB&CO
• ALFA LAVAL
• ANDRITZ
• Suzhou Hailu Heavy Industry Co., Ltd.
• Robey-Wellman Boilers & Furnaces Ltd.
• Taiyuan Boiler Group Co., Ltd.
• Superior Boiler Works, Inc.
• Vapor Power
• Bryan Steam
• Hurst Boiler & Welding Co, Inc.
• and others.
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Major Market Drivers and Restraints:
• Increasing demand for clean and renewable energy sources
• Increasing natural gas usage
• High cost of installation
• Strict emission standards
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Competitive Landscape: Global Industrial Boilers Market
The global industrial boilers market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Market Segmentations:
Global Industrial Boilers Market is segmented on the basis of
• Fuel Type
• Type
• Boiler Horse Power
• End-Use Industry
• Geography
Market Segmentations in Details:
On the basis of Fuel Type into natural gas & biomass, coal, oil, and others.
On the basis of Type, the global industrial boilers market is segmented into lay-up, pultrusion, resin transfer molding, injection molding, filament winding, compression molding, and others.
On the basis of Boiler Horse Power, the global industrial boilers market is segmented into 10BHP-150BHP, 151BHP-300BHP, and 301BHP-600BHP
On the basis of End-Use Industry, the global industrial boilers market is segmented into food, chemical, refineries, primary metal, and others.
On the basis of geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
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