North America Industrial Boilers Market Emerging Technologies and Innovations - Key Players John Wood Group PLC, Bharat Heavy and more, Forecast 2027

An international North America Industrial Boilers Market research report endows clients with the information on their business scenario with which they can put together business strategies to succeed in the market. According to this report, the universal market is anticipated to observe a moderately higher growth rate during the forecast period. These results are subjected to the moves of key players or brands which include developments, product launches, joint ventures, mergers, and acquisitions that in turn revolutionize the view of the global face of the industry. North America Industrial Boilers market report also takes into consideration strategic profiling of the major players in the market, all-inclusive analysis of their basic competencies, and hence keeps competitive landscape of the market in front of the client.

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Market Scenario

Industrial boilers market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.4% in the forecast period of 2020 to 2027 and is expected to reach USD 4,534.10 million by 2027. The increasing trend of smart technologies in manufacturing facilities, power plants and others to enhance the performance is major factor driving the industrial boilers market growth.

Technological advancement in boiler solution and acceptability from the industries is major factor driving the industrial boilers market growth. Acceptance of new smart boiler technology in the plant operations and continuous development by providers is augmenting the industrial boilers market growth. For instance, in February, 2020, Miura, a provider of the industrial steam boilers, partnered with Armstrong International and Hartford Steam Boiler for med partnership to enhance the industrial boilers solution. The company introduced steam-as-a-service (SaaS) for the North American market to offer affordable solution for the market.

Segmentation:

On the basis of tubing methods, the industrial boilers market has been segmented into carrier fire tube boilers and water tube boilers. Water tube boilers segment is dominating the market by offering great efficiency than fire tube boiler with enhanced feature of simple construction, compatible to withstand with high operation pressure and many more.

On the basis of steam pressure, the industrial boilers market has been segmented into high pressure boilers, medium pressure boilers and low pressure boilers. Increasing production and consumption of consumer goods, foods, vehicles and others is creating major demand for high pressure boilers to increase the production capacity.

On the basis of steam usage, the industrial boilers market has been segmented into process boilers, utility boilers and marine boilers. Process boilers are adopted by the various industrial verticals such as food, chemical, paper, pulp and others to generate or processes the steam and heat for the production activities. A wide application for the production processes is helping the segment to dominate the market.

On the basis of furnace position, the industrial boilers market has been segmented into externally fired boilers and internally fired boilers. Externally fired boilers segment is dominating the market owing to enhanced space capacity for the steam or heat storage to support the production target.
On the basis of shell axis, the industrial boilers market has been segmented into horizontal boilers and vertical boilers. Horizontal boilers segment is dominating the market as it offers the increased space offered than vertical boilers with enhanced efficiency and capacity for steam and heat generation.

On the basis of tubes in boilers, the industrial boilers market has been segmented into multi-tube boilers and single tube boilers. Multi tube boilers segment is dominating due to increased capacity of steam or heat owing to the multiple tubes with increased capacity of storage is augmenting the segment growth.

On the basis of water and steam circulation in boilers, the industrial boilers market has been segmented into forced circulation boilers and natural circulation boilers. Forced circulation provides helps the facilities to meet production target for increased steam and provide with a quick heat or steam generation which is driving the segment growth.

On the basis of fuel type, the industrial boilers market is segmented into coal-fired boilers, oil fired boilers, gas fired boilers, biomass boilers and others. The stringent government regulations for environmental pollution is augmenting the gas fired boilers segment as it meets the regulatory aspects with regards to CO2 and NOx.

On the basis of boiler horsepower, the industrial boilers market has been segmented into 10-150 BHP, 151 -300 BHP and 301 - 600 BHP. 10-150 BHP boilers segment is dominating the market as it generates the steam or heat at efficient rate owing to which it is adopted by industrial verticals such as food, chemical, paper, pulp and others.

On the basis of product type, the industrial boilers market has been segmented into condensing hot water boiler, integrated condensing hot water boiler, integrated condensing steam boiler, split condensing steam boiler, electric heated steam boiler, electric hot water boilers and others.

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The major players covered in the North America Industrial Boilers Market report are:

The major players covered in the North America Industrial Boilers market report are DEC, John Wood Group PLC, Bharat Heavy Electricals Limited, IHI Corporation, Mitsubishi Hitachi Power Systems, Ltd., Thermax Limited, ANDRITZ, Siemens, ALFA LAVAL, GENERAL ELECTRIC (Power Business Division of General Electric), Hurst Boiler & Welding Co, Inc., Superior Boiler Works, Inc., Vapor Power, Sofinter S.p.a, AB&CO GROUP, Suzhou Hailu Heavy Industry Co. Ltd and ZOZEN boiler Co., Ltd. among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

What is more, North America Industrial Boilers market research report makes available the details about historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the associated industry. The market drivers and restraints have been explained using SWOT analysis. With the proper use of excellent practice models and brilliant method of research, North America Industrial Boilers market report is generated which supports businesses to unearth the greatest opportunities to prosper in the market.

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What benefits does DBM research study is going to provide?

Latest industry influencing trends and development scenario

Open up New Markets

To Seize powerful market opportunities

Key decision in planning and to further expand market share

Identify Key Business Segments, Market proposition & Gap Analysis

Assisting in allocating marketing investments

Some Points from Table of Content

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

PART 05: MARKET LANDSCAPE

PART 06: MARKET SIZING

PART 07: FIVE FORCES ANALYSIS

PART 08: MARKET SEGMENTATION BY PRODUCT

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

PART 12: REGIONAL LANDSCAPE

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

PART 15: MARKET TRENDS

PART 16: COMPETITIVE LANDSCAPE

PART 17: COMPANY PROFILES

PART 18: APPENDIX

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