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Industrial Boilers Market 2019 | Top Players are Babcock and Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited, Fulton Boiler Works, Inc, Hurst Boiler and Welding Co, Inc., Cleaver-Brooks, Inc., IHI Corporation

10-18-2019 07:09 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Industrial Boilers Market 2019 | Top Players are Babcock

Global industrial boiler market has been garnering popularity across myriad end-use sectors including chemicals, food processing, and hospitals, subject to the increasing adoption of energy efficient heating systems. It has been observed that of late, major companies in the food processing sector have been adopting green energy production systems to reduce carbon dioxide emissions, as fossil fuel-based heating systems lead to a hazardous impact on the environment. The growing implementation of boilers for various industrial applications is likely to influence global industrial boiler industry share. This is evident from the forecast estimates – as per a study, worldwide industrial boiler market held a revenue of USD 11 billion in 2017 and is poised to achieve commendable heights of growth ahead.

Apart from food processing industry, paper manufacturing companies have also been undertaking initiatives to reduce carbon emissions in the environment. A recent news snippet elucidates how Smurfit Kappa – an Austria based giant in the paper-based packaging business, invested around EUR 134 million in the refurbishment and installation of a new boiler and steam turbine system to reduce emissions. The escalating rework and renovation activities across various application sectors such as chemical, paper and pulp, food processing, and refineries for the installation of advanced boilers are thus, likely to stimulate global industrial boiler market over the years ahead.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/622

Regional governmental bodies have been implementing favorable initiatives to promote green energy adoption by deploying strict rules and regulations with regards to boiler installation and the replacement of existing units with new energy efficient heating systems. In December 2016, the EU approved a new directive [(EU) 2015/2193] to reduce transboundary pollution as well as background concentration across Europe. To comply with regulatory norms, various industry players are installing natural gas based boilers on a large scale. Perhaps on account of the same, natural gas based industrial boiler market is forecast to exceed 30 thousand units by 2024.

Industrial Boiler, Growth drivers
• North America & Europe
o Ongoing upgradation & replacement of conventional boilers
• Asia-Pacific and Middle East & Africa
o Rapid industrialization

Positive outlook towards chemical and food processing industries
Another instance in recent years that demonstrates the developments in global industrial boiler market is the 2015 United States Climate Change Conference held in Paris regarding greenhouse gas emissions and the rise in global temperatures. After this conference, it has been observed that many companies have undertaken appreciable initiations to minimize the carbon content in the environment, which has favorably stimulated global industrial boiler industry size.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/industrial-boilers-market

In a recent development, in Bahrain, GE deployed mobile water technology to provide high purity boiler feed water to be used in refineries. Bapco (Bahrain Petroleum Company) is using this technology for boiler feed water at its Awali refinery. The increasing demand for such mobile desalination units from various refineries will influence global industrial boiler market size positively.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Global Market Insights, Inc.
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Selbyville, Delaware 19975 USA
Phone: 1-302-846-7766
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Email: sales@gminsights.com

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