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Steam Boiler Systems market will see an impressive year on year growth from 2018 to 2023
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By fuel type, coal segment is showing an impressive year-on-year increase, and this trend is expected to continue over our forecast period.
By fuel type, coal segment is estimated to account significant market share and is expected to grow rapidly during the forecast period on account of easy availability of raw material and low price associated with it. In addition, coal is one of the dominant sources used for electricity generation, according to world coal association, Coal-fired power plants currently fuel 37% of global electricity and with the rising dependence on electricity for manufacturing activities the market for this segment is expected to increase significantly in the coming years.
Asia Pacific region is expected to account for a significant share in the market.
Asia Pacific steam boiler systems market is estimated to have a significant share in terms of both value and volume in the global market and the region is further anticipated to grow during the forecast period on account of increasing investment in power capacity by major developing countries like China, India and Indonesia. In addition, expanding manufacturing industry in the region is further expected to propel the market growth opportunities during the forecast period.
Some of the major industry players profiled as part of the report are Thermax, GE, Alfa Laval, Bosch, Cleaver-Brooks, Cochran Dura-Line Holdings, Inc, Byworth and Forbes Marshall among others.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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