Press release
Industrial Boilers Global Market By Type, By Fuel Type, By Application, By Function, By End User, Regional Outlook And Forecast 2023-2032 | Siemens AG, Thermax Limited, IHI Corporation, Sofinter SPA, AC Boilers S.P.A.
Industrial Boilers Market
Industrial Boilers Market Size, Growth Rate, And Forecast
The global industrial boilers market size is expected to grow from $13.52 billion in 2022 to $14.46 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global industrial boilers market size is expected to reach $18.26 billion in 2027 at a CAGR of 6%.
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Industrial Boilers Market Drivers
Increasing power generation is expected to drive the Industrial burner market going forward. The market for industrial boilers is expanding primarily as a result of increased power generation and electricity for large-scale power plant installations of industrial burners in boilers.
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Industrial Boilers Market Segments
• By Boiler Type: Fire-Tube, Water-Tube
• By Fuel: Natural Gas And Biomass, Coal, Oil, Other Fuels
• By Boiler Horsepower: 10-150 BHP, 51-300 BHP, 301-600 BHP
• By Applications: Chemicals And Petrochemicals, Paper And Pulp, Food And Beverages, Metals And Mining, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Industrial Boilers market.
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Industrial Boilers Market Key Players
Major players in the Industrial Boilers market are Siemens AG, Thermax Limited, Harbin Electric Corporation, Bharat Heavy Electricals Limited, General Electric Company, Dongfang Electric Corporation Ltd., Babcock & Wilcox Enterprises Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd., Cleaver-Brooks Inc., John Wood Group Plc., Doosan Heavy Industries & Construction Co. Ltd., Forbes Marshall Pvt. Ltd., Sofinter SPA, and AC Boilers S.P.A.
The Business Research Company's "Global Industrial Boilers Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Industrial Boilers Market Include:
1. Executive Summary
2. Industrial Boilers Market Characteristics
3. Industrial Boilers Market Trends And Strategies
4. Industrial Boilers Market - Macro Economic Scenario
5. Industrial Boilers Market Size And Growth
.....
26. Africa Industrial Boilers Market
27. Industrial Boilers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Boilers Market
29. Industrial Boilers Market Future Outlook and Potential Analysis
30. Appendix
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