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Industrial Boilers Market Expected to Witness a Significant Growth of USD 19.9 billion Globally by 2025 | Key players - AMEC foster wheeler PLC, general electric company, Siemens AG, AC boilers SPA, bharat heavy electricals limited, IHI corporation.

01-08-2019 04:33 PM CET | Industry, Real Estate & Construction

Press release from: Amigo Market Reports

Industrial Boilers Market

Industrial Boilers Market

Global Industrial Boilers Market Overview
Global Industrial boilers Market to reach USD 19.9 billion by 2025.

Global Industrial boilers Market valued approximately USD 11.8 billion in 2016 is anticipated to grow with a healthy growth rate of more than 6.00% over the forecast period 2017-2025. Key factors which gives growth to the Industrial boilers market are increasing demand from the food industry in emerging regions, such as Asia Pacific.

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Factors such as increasing demand for natural gas-fired boilers and government initiatives to promote clean energy and reduce dependency on fossil fuel directly or indirectly influence the industrial boilers market.

Major Players:
Some of the key manufacturers involved in the market AMEC foster wheeler PLC, general electric company, Siemens AG, AC boilers SPA, bharat heavy electricals limited, IHI corporation, thermax limited, bryan steam LLC, ab&co group. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

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Market Segmentation:

By Type:
• Fire tube
• Water tube

By Fuel type:
• Natural gas & biomass
• Oil
• Coal

By End use industry:
• Chemicals
• Food
• Refineries
• Metals & mining

By Boiler horsepower:
• 10-150 BHP
• 151-300 BHP
• 301-600 BHP

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