Press release
Global Water Tube Industrial Boiler Market Growth Analysis By Top Leading Players Thermax, Bharat Heavy Electricals Limited (BHEL), Siemens, General Electric, Hurst Boiler, Rentech, Fulton, AMEC Foster Wheeler & more
The U.S. water tube industrial boiler market will exceed annual installation of 7 thousand units by 2024. Expansion across manufacturing sector along with ongoing investments toward modernization of industrial units is set to stimulate the business growth. Rising focus to minimize GHG emissions along with replacement and retrofitting of traditional heating units will further fuel the industry growth.
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Historical data from 2013 is provided for Water Tube Industrial Boiler Market along with estimates and forecasts to 2024 based on segmentation of Water Tube Industrial Boiler industry by Capacity, By Application, By Technology, By Fuel, companies and regions. Previous years’ data offers fact based information on trends and growth graph while the forecasts aim to show an outlook of Water Tube Industrial Boiler market for the next few years keeping in mind the advancements happening in the sector.
Players operating in the global Water Tube Industrial Boiler market include Doosan, Babcock and Wilcox, Cleaver-Brooks, Bosch Thermotechnology, Thermax, Bharat Heavy Electricals Limited (BHEL), Siemens, General Electric, Hurst Boiler, Rentech, Fulton, AMEC Foster Wheeler, Cochran, Forbes Marshall, Mitsubishi Hitachi Power Systems, IHI and Clayton amongst others.
The UK water tube industrial boiler market will witness growth owing to legislative focus toward reinforcing industrial sector along with stringent regulatory norms toward energy conservation and efficiency of heating devices. Supportive government policies toward installation of energy efficient boilers coupled with strong electricity demand will further complement the business landscape.
In 2017, natural gas fired water tube industrial boiler market was valued over USD 1 billion. Rising focus toward the adoption of energy efficient technologies along with legislative requirements pertaining to cleaner fuels will boost the product demand. Positive outlook for the adoption of low emission heating systems along with technological advancements will further promote the product adoption.
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250-500 MMBtu/hr capacity boilers are deployed in refining, power plants & other industries for steam generation. The escalating demand for electricity across Africa and Asia Pacific region along with increasing investments in industrial sector will drive the water tube industrial boiler market growth. Sizeable investments focused at augmenting refining capacity driven by escalating demand for petroleum products will further stimulate the industry growth.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Water Tube Industrial Boiler Industry Insights
Chapter 4. Water Tube Industrial Boiler Market, By Capacity
Chapter 5. Water Tube Industrial Boiler Market, By Application
Chapter 6 Water Tube Industrial Boiler Market, By Technology
Chapter 7 Water-Tube Industrial Boiler Market, By Fuel
Chapter 8. Water Tube Industrial Boiler market, By Region
Chapter 9 Company Profiles
Outer scope of this report For instance, the European parliament has recently outlined its new energy goals, with an aim to attain 32.5% increase in energy efficiency by 2030, and renewable energy share to be minimum 32% of the total EU energy consumption by 2030. As per trusted sources, moving forward with ambitious energy goals will allow Europe to reduce dependency on external energy providers, enhance the region’s air quality, and preserve the climate. Considering the boom in government led initiatives to cut down carbon emissions across the globe, it is quite certain that water tube industrial boiler market will accrue commendable gains in the ensuing years.
The escalating electricity demand in Asia Pacific & Africa coupled with the growing manufacturing sector investments in major developing economies would boost the regional market size. In North America and Europe, the demand for high and medium capacity water tube industrial boilers will be propelled by the replacement of traditional high emission boilers. In a recent turn of events, Rockwool, North America's biggest stone wool manufacturer, offering advanced infrastructure insulation, technical & industrial solutions, has recently been awarded by the Tennessee Valley Authority for considerably reducing its carbon emission rates for the years 2016-2017 at its Mississippi based production facility. Burgeoning inclination towards sustainability measures is anticipated to positively favor the water tube industrial boiler market growth in the coming years.
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Related Report:
Global Industrial Boiler Market By Capacity (10-150 BHP, 151-300 BHP, >300 BHP), By Product (Fire tube, Water tube), By Fuel (Coal, Natural Gas, Oil), By End User Industry (Food & Beverage, Paper & Pulp, Chemical, Refinery, Primary Metals), By Region, By Country: Opportunities and Forecast (2018-2023)
global industrial boiler market is projected to display a growth represented by a CAGR of over 4.58% during 2018 ? 2023, primarily driven by increasing industrial manufacturing activities in developed and emerging region. Asia Pacific region is the biggest market in the current period and expected to lead in forecast period. In the forecast period, APAC region will witness strong growth backed by rising industrialization in emerging countries such as China, India, Japan, South Korea, Indonesia and Thailand. Read more: https://bit.ly/2O5KfW3
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