Global Boiler Market Size By Capacity 2018 – 2024 | Top Key Players A.O. Smith, Parker, Cleaver-Brooks, Thermax, Weil-McLain, Fulton, General Electric, Forbes Marshall, Burnham, Hurst Boiler, Welding, Cochran

Global Boiler market report added by MarketstudyReport.com is one of the most comprehensive research studies on Boiler offering 1778 data tables, 71 figures, covering 60 companies and regional outlook for 27 countries on segments covered in this report.

The U.S. boiler market is set to surpass annual deployment of 700 thousand units by 2024. Rising investment across commercial & industrial establishments along with growing efforts toward the replacement of conventional boilers will drive the industry growth. Positive outlook toward chemical and primary metal industry will further nourish the business outlook.

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Global Boiler Market is predicted to reach over USD 65 Billion by 2024. Growing investment toward the expansion and upgradation of commercial facilities coupled with ongoing industrialization across developing economies will propel the deployment of these steam generating units. In addition, rising focus toward energy efficient units on account of growing concerns over greenhouse gas emissions will further drive the product demand.

Ongoing demand for electricity owing to rapid industrialization will drive the global boiler market growth. Massive investment plans to increase the power generating capacity of the powerplants across various emerging economies in Asia Pacific and Africa region will propel the product adoption. For instance, NHPC announced to generate additional 4458.6 Million Units (MUs) power from its Parbati-II and Kishanganga projects by end of 2018.

Commercial boiler market will reach over 6% by 2024. High efficiency, lower breakdown risk, automation option & ambient air quality are some of the underlying abilities of these boilers which will propel their adoption. Moreover, surge in demand for hot water & steam from temperate and hot climatic zones will fuel the industry growth.

100-250 MMBtu/hr boiler market will expand over 4% by 2024. Increasing applications of these systems across various utilities coupled with rising investments toward expansion of refinery and heavy industries will stimulate the product adoption. For instance, Roseneft & announced the development of Tuban Grass Root Refinery and petrochemical complex (TGRR) in Indonesia.

In 2017, the UK boiler market was valued over USD 2 billion. Sturdy technological advancements along with upgraded gas infrastructure will propel the business growth. For instance, as per the Infrastructure and Projects Authority (IPA), an investment of over USD 700 billion will be allocated on infrastructure development in the next 10 years.

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Gas fired boiler market will grow owing to shifting trends toward green technology and cleaner fuel sources. Stringent government mandates to curb emissions along with growing environmental concerns will further augment the business growth. For instance, in 2018 the UK signed the fifth carbon budget to reduce 57% GHG emissions between 2028-2032.

Global commercial boiler market will witness robust growth on account of strengthening demand for the replacement of old heating systems along with positive outlook toward healthcare industry. Improved gas pipeline infrastructure, technological advancements and government subsidies will further propel the business growth. For instance, as per the IEA, Russia has offered Natural Gas subsidy of USD 9 billion.

Eminent players operating in the global boiler market include Burnham, Fulton, Babcock & Wilcox, General Electric, Parker, Hurst Boiler & Welding, Cochran, Thermax, A.O. Smith, BHEL, Forbes Marshall, Cleaver-Brooks, Weil-McLain and others.

Table of Content:

Chapter 1. Boiler Market Methodology and Scope

Chapter 2. Boiler Market Executive Summary

Chapter 3. Global Boiler Industry Insights

Chapter 4. Global Boiler Market, By Application

Chapter 5. Global Boiler Market, By Capacity

Chapter 6. Global Boiler Market, By Product

Chapter 7. Global Boiler Market, By Fuel

Chapter 8. Global Boiler Market, By Region

Chapter 9. Boiler Market Company Profiles

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Related Report:

Global Utility Boiler Market Size By Capacity, By Technology, Analysis Report, Regional Outlook, Competitive Market Analysis & Forecast, 2018 – 2024

Global Utility Boiler Market is anticipated to exceed USD 20 Billion by 2024. Robust economic growth across developing countries coupled with growing energy demand will drive the utility boiler market. Stringent norms toward reduction of carbon emissions along with efforts to mitigate the electricity demand supply gap will fuel the adoption of super-critical boilers. Ongoing investment toward expansion of generation capacity in order to support industrialization efforts in developing economies will further escalate the business landscape.

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