Press release
Boiler Market to reach USD 24.45 Bn by 2029, emerging at a CAGR of 5.9 percent and forecast (2023-2029)
Boiler Market
Boiler Market Report Scope and Research Methodology
The report's scope includes a detailed analysis of the Boiler market by end-use industry, including chemicals, food & beverage, paper & pulp, pharmaceuticals, and others. The report also provides insights into the market dynamics, such as market drivers, restraints, and opportunities.
The research methodology used for the report includes primary and secondary research, with the data collected from various sources such as industry experts, manufacturers, suppliers, distributors, and end-users. The data is validated using industry-standard analytical tools and methods to ensure accuracy and reliability.
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Boiler Market Dynamics
According to the report, the chemicals industry segment held the largest market share of about 38.45 percent and dominated the Boiler market in 2022. It is expected to maintain its dominance at the end of the forecast period with the highest CAGR of 5.4 percent. The rising need for high-quality steam for the manufacturing of chemicals such as petrochemicals, industrial gases, alkali and chlorine, synthetic rubber, synthetic organic fibers, and agricultural chemicals has contributed to the domination.
However, the market growth is restrained by the high cost of fuel and scarcity of natural resources. The world is now faced with serious short-term and long-term problems in satisfying its energy needs. In the short term, there is a scarcity of fuels that meet antipollution regulations, and in the long term, the world is faced with the depletion of petroleum and natural gas reserves. Energy resources are gradually scarce and expensive, which is increasing the gap between energy supply and demand.
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Boiler Market Regional Insights
The report provides regional insights into the market, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific dominated the market in 2022 and is expected to maintain its dominance throughout the forecast period due to the growing demand for energy in countries such as China and India.
Boiler Market Segmentation
By Fuel Type:
• Natural Gas & Biomass
• Coal
• Oil
• Others
By Boiler Type:
• Fire-Tube
• Water-Tube
By Boiler Horsepower:
• 10-150 BHP
• 151-300 BHP
• 301-600 BHP
By End-Use Industry:
• Chemical
• Food
• Refineries
• Metals & Mining
• Others
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Boiler Market Key Competitors include:
• A.O. Smith (US)
• Parker Boiler (US)
• Cleaver-Brooks, Inc. (US)
• Thermax Inc (US)
• Weil-McLain (US)
• Fulton Boiler Works, Inc. (US)
• General Electric (US)
• Babcock & Wilcox Enterprises, Inc. (US)
• BURNHAM COMMERCIAL BOILERS (US)
• Hurst Boiler & Welding Co, Inc. (US)
• Bryan Steam LLC (US)
• Superior Boiler (US)
• Vapor Power International LLC (US)
• Siemens AG (Germany)
• Cochran Ltd (UK)
• John Wood Group plc (UK)
• Vattenfall AB (Sweden)
• Alfa Laval AB (Sweden)
• Sofinter S.p.a (Iatly)
• ANDRITZ AG (Austria)
• ABB Ltd (Switzerland)
• Bharat Heavy Electricals (India)
• Forbes Marshall (India)
• IHI Corporation (Japan)
• Mitsubishi Hitachi Power Systems, Ltd. (Japan)
• Kawasaki Heavy Industries Ltd (Japan)
• Wuxi Zozen Boilers Co., Ltd (China)
• Shanghai Electric (China)
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Table of Content for Boiler Market
Global Boiler Market: Research Methodology
Global Boiler Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Boiler Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Boiler Market Segmentation
Global Market, by Fuel Type (2021-2029)
Global Market, by Boiler Type (2021-2029)
Global Market, by Boiler Horsepower (2021-2029)
Global Market, by End-Use Industry (2021-2029)
Regional Boiler Market (2021-2029)
Regional Market, by Fuel Type (2021-2029)
Regional Market, by Boiler Type (2021-2029)
Regional Market, by Boiler Horsepower (2021-2029)
Regional Market, by End-Use Industry (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Fuel Type, Boiler Type, Boiler Horsepower and End-Use Industry
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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