Boiler Market Growth Analysis Post COVID-19 Impact | Industry Size, Global Demand, Market Trends, & Future Opportunities

Boilers are heating-system components designed to generate steam or hot water for distribution to various building spaces. As water cannot be used to directly heat a space, boilers are only used in central systems where hot water is circulated to delivery devices (e.g., baseboard radiators, unit heaters, convectors, or AHUs). Conventional boiler consists of a furnace in which fuel is burned and since boiler is an essential part of many industries so it requires maintenance at a regular interval type which is a very complex process in conventional boilers. But recently a trend observed in the boiler is the growth of connected controls, which are Wi-Fi accessible and allow the users to remotely monitor and diagnose certain problems. With the use of this technology one can provide maintenance to the boiler before the situation become critical.

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The study provides the detailed historical and future boiler market analyses of countries across the world. The major countries considered for the market size evaluation include the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, South Korea, Brazil, Argentina, Saudi Arabia, and South Africa.

Boiler generate steam for that it requires energy or fuel. Three types of can be used with the boiler which include solid fuel, liquid fuel, and gas fuel. Gas fuel is one of the prefer fuel among various industries due to stringent regulation set by the governments. For instance, in U.S. federal, state, and local government agencies regulate air pollutants emitted from steam generating units in accordance with the Clean Air Act (CAA). This legislation establishes primary and secondary National Ambient Air Quality Standards (NAAQS) for six criteria pollutants, including ground-level ozone, NOx, SO2, CO, PM, and lead. These standards address concerns about ground-level ozone, the accumulation of fine particles in the atmosphere, and acid rain.

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Industries such as power, textile, food & beverages, chemical, and oil & gas are some of the major market for the boilers. Chemical industry holds the significant share in the boiler market owing to large number of deployment of boilers for managing heat requirements in the ongoing operations. Further the low initial cost, operational safety, and low capital outlay have made boilers an important component in chemical production processes.

Geographically, Asia Pacific (APAC) is a prominent region for the growth of the market because of rise in food & beverages, chemical, and power industries in the past mainly in economies like China, and India. Further, due to stringent regulation in the region to control the Co2 emission level companies are updating their old equipment with the new less pollution generating equipment which may directly or indirectly boost the demand for boiler.

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Some of the major companies operating in the boiler market are Babcock & Wilcox Enterprises Inc., Siemens AG, Hurst Boiler & Welding Co. Inc., General Electric, John Wood Group PLC, Bharat Heavy Electricals Limited, Mitsubishi Hitachi Power Systems Ltd., IHI Corporation, Harbin Electric Corporation Co. Ltd., Alfa Laval AB, ANDRITZ AG, Thermax Limited, and Robert Bosch GmbH.

Market Segmentation:

Based on Product Type

Fire Tube
Water Tube
Based on Fuel Type

Solid Fuel
Liquid Fuel
Gas Fuel
Based on Application

Residential
Commercial & Industrial (C&I)
Based on End User

Power
Textile
Food & Beverages
Chemical
Oil & Gas
Geographical Analysis

North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia-Pacific (APAC)
China
Japan
India
South Korea
Latin America (LATAM)
Brazil
Argentina
Middle East & Africa (MEA)
South Africa
South Arabia

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.