Industrial Boilers Market 2020 Opportunities Key Players - General Electric, Siemens, AC Boilers SpA, Rentech Boilers, Thermax Limited, Miura America, Hoval, Viessmann
If statistics are to be relied on, U.S stands as a major revenue pocket for the entire North America industrial boiler market share. Not only in the food processing industry, the nation's chemical sector also observes huge FDI investments, a prime factor that has proliferated the overall business growth. In 2015, chemical sector in the U.S. accounted for an FDI investment of more than USD 470 billion. As per records, in 2016, U.S. had a strong pipeline of over 275 chemical production projects worth over USD 170 billion.
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Taking into account the humongous progression in the chemical sector, it is certain that U.S. industrial boiler market will carve a profitable path over 2018-2024. On that note, Global Market Insights Inc., forecasts that industrial boiler market size from the chemical industry would record a CAGR of 3% over 2018-2024, subject to the high demand for plastic, bulk petrochemicals, and resin across varied utility domains.
The growing trend toward deploying energy efficient heating units has undoubtedly brought a renewed dimension to the global industrial boiler market. A large number of regulatory initiatives with regards to carbon emission abatement speaks volumes and has contributed immensely in the remodeling of industrial boiler market space. It has been observed that industrial processes accounts for a major chunk of carbon footprints and GHG emissions.
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o Babcock and Wilcox Enterprises Inc
o Bharat Heavy Electricals Limited
o Fulton Boiler Works Inc
o Hurst Boiler and Welding Co Inc
o Cleaver-Brooks Inc
o IHI Corporation
o Clayton Industries
o John Cockerill
o AMEC Foster Wheeler Ltd.
o Cochran Ltd
o Doosan Heavy Industries & Construction Co. Ltd.
o Forbes Marshall Private Limited
The European Parliament in 2015 has introduced a new regulation under the directive (EU) 2015/2193 to curb pollutant emissions from medium capacity combustion plants. As recent as in January this year, the France government has taken a pledge to cut down carbon emissions by 40% by 2030 from that recorded in 1990. Stringent government regulations such as these demand the deployment of energy efficient heating systems, and boilers being an integral component of all industrial processes certainly adds up to the overall business outlook.
Robust investments toward industrial construction along with escalating demand for energy-efficient space heating systems across major economies have enhanced global industrial boiler market outlook. For instance, the Government of Saudi Arabia and Iran together have recently signed a pact with regards to the development of three petrochemical units in the country. Expansion and upgradation of existing facilities is expected to complement industrial boiler industry. In fact, considering Saudi Arabia government encouraging initiatives toward economic diversification, privatization of state assets, and oil recovery price trends, the regional industrial boiler market will grow at a remarkable pace in the coming years, claim experts. In April 2016, the regional government had announced the Saudi Vision 2030, which mainly aims at economic restructuring through industry diversification. Since the GDP of the country is highly dependent on oil price trends, the government has set a target of increasing the participation of private players to 65% by 2030.
Partial Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data sources
188.8.131.52 Paid sources
184.108.40.206 Public sources
Chapter 2 Executive Summary
2.1 Industrial boiler market 3600 synopsis, 2015 - 2026
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Capacity trends
2.1.4 Application trends
2.1.5 Technology trends
2.1.6 Fuel trends
2.1.7 Regional trends
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