Fire Tube Industrial Boiler Market size will surpass USD 3 Billion by 2024 Major players operating across market include Thermax, Cleaver-Brooks, Siemens, Forbes Marshall, Cochran and Rentech among others

With the commercialization of industrial boilers having ascended over the recent years, fire tube industrial boiler market is anticipated to witness a positive growth trajectory as well over 2018-2024. Fire tube industrial boilers find extensive applications in food processing, paper and pulp as well as chemical industries that have been registering exponential growth in the recent decades. The massive growth trend is expected to continue in the next few years, the impact of which is certain to be felt across the revenue graph of the overall fire tube industrial boiler market.

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With the upsurge in the significance of steam boilers across refineries, and the manufacturing and food processing industries, players in the fire tube industrial boiler market have been planning to carry out significant developments in the existing products. Their prime objective is to overcome the issues related to energy efficiency and greenhouse gas emissions. In fact, over the last few years, with the rapid growth in industrialization, the level of GHGs has grown tremendously which has been creating major health-related problems. In this regard, companies have indeed been undertaking major initiatives – for instance, recently, Suez Water Technologies & Solutions launched a digital monitor for boilers that can monitor and analyze boiler water.

Fire tube industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units, MMBtu/hr and USD from 2013 to 2024, for the following segments:

Fire Tube Industrial Boilers Market, By Capacity
• 75 MMBtu/hr

Fire Tube Industrial Boilers Market, By Application
• Food processing
• Pulp & paper
• Chemical
• Refinery
• Primary metal
• Other manufacturings

Speaking along the same line, the feature of digital monitoring in the boiler can effectively reduce the greenhouse gas emissions and energy usage that will ultimately decrease the cost required for asset management and steam production. Taking into account the effective use of such digitally monitored fire tube and water tube boilers, multiple industries comprising healthcare, mining, paper, chemical processing, and F&B have been investing in innovative product development tactics.

Unveiling fire tube industrial boiler market trends from the chemical sector
The chemical industry is yet another segment that demands industrial boilers on a large scale. Being one of the largest industries across the globe, it goes without saying that its colossal expansion scope is likely to create positive growth avenues for the fire tube industrial boilers market. in 2017, chemical industry accounted for approximately 25% of the fire tube industrial boiler market revenue, propelled by the rising demand for petrochemical products, cosmetics, commodity and fine chemicals. For instance, due to shrinking acreage of land available for food supply on account of many areas increasingly being used for the production of biofuel material, it is becoming important to use agrochemicals such as fungicides, fertilizers, insecticides, herbicides etc. to maximize agricultural yield.

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With the upgradation in the combustion system and material of heat exchanger, Lochinvar has successfully achieved 96% thermal efficiency. In fact, designers and product development engineers of the company have also come up with an advanced fire tube design which can transfer extra heat to the surrounding water more efficiently than the earlier designs. The design and development of more efficient and leaner boilers tend to reduce the maintenance and service cost as well that will considerably fuel the fire tube industrial boiler market share.

Apart from product enhancement tactics, industry contributors have also been investing in mergers and acquisitions which has been helping them to extend their customer base as a well regional reach. Validating the aforementioned fact, in 2016, Superior Holding, Inc. has acquired the leading designer and fabricator of boiler systems, English Boiler & Tube.

The combination of both the companies has turned out to be rather beneficial for the customers in terms of fulfilling their industrial boiler needs from a single source. After the acquisition, Superior Holding has also improved its engineering expertise with the help of which, it is looking forward to developing high-quality products over the years ahead.

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Chapter 3 Fire Tube Industrial Boiler Market Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Million)
3.3 Industry ecosystem analysis
3.4 Innovation and technology landscape

Chapter 4 Fire Tube Industrial Boiler Market, By Capacity
4.1 Fire tube industrial boiler market share by capacity, 2017 & 2024
4.2

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