Industrial Boiler Market 2018 – 2024 Global Key Leaders: General Electric, Thermax, Bosch Thermotechnology, Mitsubishi Hitachi Power Systems, Hurst Boiler, Cleaver-Brooks, Siemens, Clayton, Forbes Marshall, Fulton, Cochran, Rentech, Bharat Heavy Electri

Having endorsed itself as one of the most lucrative vertical of the global HVAC industry, the commercialization potential of the industrial boiler market, in the recent years, has attained some impressive remuneration. The rapid pace of industrialization across myriad economies, swift transformation in technologies, and rising demand for using clean and renewable energy sources have in fact accelerated the adoption of industrial boilers. As per estimation report compiled by the EEA, over 43,000 industrial boilers were recorded in the United States operating at an average capacity of 1.5 million MMBtu/hour. The statistics go on the validate that there is burgeoning demand for these boilers and new heights of market expansion is coming amid the rigorous R&D investments, M&As, and strategic alliances.

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Recently for instance, Hurst Boiler & Welding Company, Inc., has announced that it is expanding its boiler manufacturing operation in Coolidge, Georgia. The company has already started manufacturing engineered packaged water tube boilers for industrial and commercial applications ranging from 17,250 to 103,500 lbs./hour. In yet another instance, a renowned packaging company Smurfit Kappa had announced in 2018 to invest around EUR 134 million to install new boilers and turbines at Nettingsdorf Paper Mill to reduce its overall carbon emissions. The move came in the wake of the company’s Future Energy Plant projects that focused on renewable and sustainable trends faring across the industrial boiler industry.

Europe industrial boiler market is predicted to grow over 3% by 2024. Implementation of regulatory polices relating to industrial pollution coupled with stringent emission norms across the region will fuel the demand for replacement of conventional boilers. In 2015, the European Union introduced the Eco-design Directive with an aim to minimize the negative environmental impact of greenhouse gas emission with respect to the solid fuel boilers.

175-250 MMBtu/hr boiler market is anticipated to expand over 5% by 2024. Increasing applications of the steam generating units across industrial sector along with ongoing investments for the expansion of petrochemical industries and oil refineries will positively impact the business landscape. In 2018, Total & Saudi Aramco signed an MOU worth over USD 5 billion to build a petrochemical complex in Saudi Arabia.

Condensing industrial boiler market is predicted to grow over 4% by 2024. Low environmental impact, reduced heating costs and high efficiency are some of the key features which make the product adoption preferable over other alternatives. Government policies to reduce carbon emissions in conjunction with rising investment for the replacement of existing heating units will further stimulate the business growth.

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Gas fired boiler market is predicted to witness growth owing to robust gas pipeline infrastructure. Natural gas is one of the prominent cleaner fuels consumed across the industrial sector to meet escalating energy demand. Furthermore, declining fuel prices have favored investment toward the expansion of existing gas supply networks which in turn will drive the product adoption.

China industrial boiler market was valued over USD 2 billion in 2017. Government focus for advancement of its manufacturing facilities along with indigenous innovations for industrial development will drive the business landscape. For instance, according to the World Bank, in 2017, manufacturing value added was 22.3 % more as compared to 2013.

Eminent industry players in the global industrial boiler market include General Electric, Thermax, Bosch Thermotechnology, Mitsubishi Hitachi Power Systems, Hurst Boiler, Cleaver-Brooks, Siemens, Clayton, IHI, Forbes Marshall, Fulton, Cochran, Rentech, AMEC Foster Wheeler, Bharat Heavy Electricals, Babcock and Wilcox and Doosan amongst others.

Selected Chapters and their sections from the report are listed below:

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 360 degree 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
Chapter 3. Industrial Boiler Market Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024 (USD Million)

3.3. Industry ecosystem analysis

3.3.1. Vendor Matrix

3.4. Innovation & technology landscape

3.4.1. Bosch Thermotechnology

3.4.2. Miura America Co. Ltd.

3.4.3. Fulton Boiler Works, Inc.

3.4.4. Cleaver Brooks

3.4.5. Hurst Boiler & Welding Company, Inc

3.5. Regulatory Landscape

3.5.1. U.S.

3.5.1.1. Energy Conservation Program for Certain Industrial Equipment: Energy Conservation Standards and Test Procedures for Commercial Heating Equipment

3.5.1.2. National Emission Standards for Hazardous Air Pollutants (NESHAP)

3.5.1.3. Pennsylvania

3.5.1.4. Georgia

3.5.1.5. Illinois

3.5.2. Europe

3.5.2.1. Ecodesign Directive 2009/125/EC

3.5.3. Asia Pacific

3.5.3.1. China

3.5.3.1.1. Minimum Energy Performance Standards (MEPS)

3.5.3.1.2. GB 20665-20151

3.5.3.1.3. Mandatory labels

3.5.3.2. India

3.5.3.2.1. Indian Boiler Regulations (IBR)

3.5.3.2.1.1. Scope

3.5.4. Middle East & Africa

3.5.4.1. South Africa

3.5.4.1.1. SANS 347

3.5.5. Latin America

3.5.5.1. Brazil

3.5.5.1.1. NR-13 pressure vessel regulation

3.6. Competitiveness Index

3.6.1. North America

3.6.1.1. U.S.

3.6.1.2. Canada

3.6.1.3. Mexico

3.6.2. Europe

3.6.2.1. France

3.6.2.2. UK

3.6.2.3. Poland

3.6.2.4. Italy

3.6.2.5. Spain

3.6.2.6. Austria

3.6.2.7. Germany

3.6.2.8. Sweden

3.6.2.9. Russia

3.6.3. Asia Pacific

3.6.3.1. China

3.6.3.2. India

3.6.3.3. Philippines

3.6.3.4. Japan

3.6.3.5. South Korea

3.6.3.6. Australia

3.6.3.7. Indonesia

3.6.4. Middle East & Africa

3.6.4.1. Saudi Arabia

3.6.4.2. Iran

3.6.4.3. UAE

3.6.4.4. Nigeria

3.6.4.5. South Africa

3.6.5. Latin America

3.6.5.1. Argentina

3.6.5.2. Chile

3.6.5.3. Brazil

Outer scope of this report along with some of the leading industry players, several regional governments are also seen investing heavily in promoting refurbishment of conventional heating systems and boilers to limit carbon footprints, which in turn, is poised to carve a lucrative growth graph for global industrial boiler market in the years ahead.

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