Global Industrial Boiler Market Key industry participants include General Electric, Cleaver-Brooks, Thermax, Fulton, Forbes Marshall, Bharat Heavy Electricals, Clayton, Mitsubishi Heavy Industries and Cochran

Global Industrial Boiler Market is set to surpass USD 6 billion by 2024. Increasing demand for high efficiency heating systems along with rapid industrialization across developing nations will embellish the industrial boiler market size. Countries across Africa and Asia-Pacific have huge investment plans toward improving industrial output which will stimulate the product penetration. In 2014, manufacturing exports was valued over USD 100 billion in the Sub-Saharan Africa when compared with USD 50 billion in 2005. Growing Foreign Direct Investment (FDI) across emerging nations will further complement the business landscape.

U.S. industrial boiler market share is predicted to witness strong growth on account of ongoing investments toward the upgradation and refurbishment of the existing heating systems. Robust growth across chemical and food processing industries will further complement the business outlook. In the U.S., food industry attracted FDI investment of USD 78.3 billion in 2015. Government initiatives toward reducing carbon footprint will further embellish the product penetration.

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Refinery application is set to surpass 13 thousand units of annual installations by 2024. Rising demand for refined petroleum products along with increasing consumption of other petroleum distillates will propel the industrial boiler market size. Government norms toward low sulfur content in petroleum products will further stimulate the business growth.

Replacement of traditional boilers along with supportive government policies toward adoption of energy efficient heating units will drive the industrial boiler market growth. In 2017, France announced to reduce carbon footprint by 40% by 2030 from 1990 levels. In 2014, manufacturing accounted for over 15% of CO2 emissions in the country.

100-250 MMBtu/hr accounted for over 17% of the industrial boiler market share in 2016. Extensive applications across pulp & paper and refinery sector along with growing investments toward heavy industries will stimulate the business outlook. In 2017, government of Nigeria licensed 10 refineries to make the country an oil and gas hub of Africa. Positive outlook across Asia-Pacific towards food processing industry will further complement the product penetration.

Saudi Arabia industrial boiler market is predicted to witness substantial growth owing to the government initiatives toward economic diversification along with recovering oil prices. In 2016, the government of Saudi Arabia introduced a Saudi Vision 2030 plan aiming at reforming the economy through privatization and diversification of its industries. Under this Vision 2030, the government aims at increasing economic participation of private companies to 65%.

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Eminent players in the global industrial boiler market include Fulton, GE, Cleaver-Brooks, Forbes Marshall, BHEL, Thermax, Clayton, Mitsubishi, Cochran, Rentech, Foster Wheeler, Doosan, Babcock and Wilcox, Parker, Hurst Boiler and Welding, and Saudi Boilers.

Report Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.2. Market definitions

1.3. Market estimation & forecast parameters

1.4. Data Sources

1.4.1. Primary

1.4.2. Secondary

1.4.2.1. Paid Sources

1.4.2.2. Public Sources

Chapter 2. Executive Summary

2.1. Industrial boiler market 3600 synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Capacity trends

2.1.3. Product trends

2.1.4. Technology trends

2.1.5. Fuel trends

2.1.6. Application trends

2.1.7. Regional trends

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