Press release
Boiler Markett SWOT Analysis, Trends by Types and Application, Growth by Top Companies – Parker, Cleaver-Brooks, Thermax, Weil-McLain, Fulton, General Electric, Wilcox
Recently, the New Zealand government had delivered its plans of tackling the climate change issues by restraining the use of coal-fired boilers and collaborating with the private segment to help transit away from fossil fuels.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1866
As per a report by Energy World, this plan stands out to be the first major announcement, made by the federal government, to follow the release of climate commission’s package of advice to the federal government.
Having said that, the adoption of boilers is expected to lead to a major reduction in the dependency on fossil fuel-based energy generation, eventually supporting the reduction in carbon footprints and GHG emission levels.
It has been estimated that global boiler market share would apparently expand at a decent pace, allowing it to account for an annual valuation of USD 65 billion over the span of 2018 to 2024.
Pathway to green economy with natural gas boilers
Natural gas boilers have been considered to be the machinery of future. What has been favoring the growth of these boilers is the rising demand for natural gas, subject to the alarming concerns raised by fossil fuel combustion on the environment and reduced prices. Besides, penetration of a large number of natural gas and natural gas-fired boiler producers is also set to add to the growth of these boilers.
In 2020, Worcester Bosch, a UK-based heating and hot water products manufacturer, revealed its first hydrogen-fired boiler prototype. As per credible reports, the prototype fits wells into the same footprint as the company’s current natural gas boiler.
It would be pivotal to mention that the main by-product of igniting hydrogen gas is water, which implies that it is a carbon-free fuel source and could stand out to be a key method to help decarbonize heating and hot water in homes across the United Kingdom.
More so, the company had announced spending USD 14 million to take down the smokestack, take out obsolete equipment, and remove the mill’s coal-handling systems from 2021 to 2022, allowing the companies SO2 emissions to cut down by 90%.
Such initiatives have been deemed to influence the overall growth curve of boiler market across some of the prominent economies.
Will China stand out to be a key market for boiler industry?
It would not be surprising to note that China is touted to emerge as a lucrative growth ground for boiler industry in the upcoming years; reason? Hefty investments into healthcare infrastructural development.
According to industry professionals, the market size of hospital facility construction in the country is predicted to surpass an overall valuation of $75 billion over 2020 to 2025, encompassing USD 30 billion in infrastructure, USD 30 billion in digitization, and about USD 15 billion in medical equipment.
Industry conglomerates in boiler market have been planning to design and produce energy efficient heating systems to augment the overall energy grid. Additionally, numerous research organizations have also been constantly engaged in the exploration of biomass fueled boiler systems.
Related Report:
https://www.globenewswire.com/news-release/2021/04/06/2204782/0/en/Hydrogen-Market-value-to-hit-300-billion-by-2027-Says-Global-Market-Insights-Inc.html
https://www.prnewswire.com/news-releases/residential-boiler-market-to-hit-60-billion-by-2027-says-global-market-insights-inc-301226630.html
https://www.globenewswire.com/news-release/2020/07/08/2059160/0/en/U-S-Commercial-Boiler-Market-to-reach-over-2-billion-by-2026-Says-Global-Market-Insights-Inc.html
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Boiler Markett SWOT Analysis, Trends by Types and Application, Growth by Top Companies – Parker, Cleaver-Brooks, Thermax, Weil-McLain, Fulton, General Electric, Wilcox here
News-ID: 2279195 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for USD
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
Primary Alkaline Batteries Market Worth USD 14.58 Billion USD by 2026
The Global Primary Alkaline Batteries market size was valued at 10.31 Billion USD in 2019 and is projected to reach 14.58 Billion USD by 2026, at a CAGR of 5% during the forecast period.
An Primary Alkaline Batteries is a type of primary battery, which derives its energy from the reaction between zinc metal and manganese dioxide.
Get Detailed Analysis of COVID-19 Impact on Primary Alkaline Batteries Market @ https://reports.valuates.com/request/sample/QYRE-Othe-0I169/Global_Primary_Alkaline_Battery_Market
This report presents…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
Eubiotics Market Set to Exceed USD USD 8.60 Billion by 2026
According to a new study published by Polaris Market Research the global eubiotics market is anticipated to reach USD 8.60 billion by 2026. The tightening and stringent restrictions on the use of antibiotic growth promoters along with the surging consumer pressure on food safety and consumer preferences are expected to be the major factors driving demand for these products that work as substitutes to in-feed eubiotics.
Eubiotics or specific organic…
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and…
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size…
