Press release
Industrial Boiler Market Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024
Global industrial boiler market will witness growth owing to the positive outlook toward metal manufacturing and pulp & paper industries. Furthermore, rising focus toward replacement of existing heating systems coupled with ongoing investment across industrial sector will augment the business growth.
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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.
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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.
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.
Partial Table of Contents (ToC) of the report:
Chapter 4. Industrial Boiler Market, By Product
4.1. Industrial boiler market share by product, 2017 & 2024
4.2. Fire-tube
4.2.1.1. Global industrial boiler market by fire-tube, 2013 – 2024
4.2.1.2. Global industrial boiler market by fire-tube, by region, 2013 – 2024
4.3. Water-tube
4.3.1.1. Global industrial boiler market by water-tube, 2013 – 2024
4.3.1.2. Global industrial boiler market by water-tube, by region, 2013 – 2024
Chapter 5. Industrial Boiler Market, By Capacity
5.1. Industrial boiler market share by capacity, 2017 & 2024
5.2. 250 MMBtu/hr, by region, 2013 – 2024
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/industrial-boilers-market
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.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
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.
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