Press release
The global boiler market continues to show promising growth, with a market size valued at USD 16.37 Bn in 2022. According to the latest report published by MMR, the market is projected to grow at a CAGR of 5.9 percent from 2023 to 2029, reaching a total r
Boiler Market
The report provides a comprehensive overview of the boiler market, including its scope, research methodology, drivers, restraints, and regional insights. Boilers play a crucial role in various industries by providing steam to power process equipment and facilitate essential operations. They are widely used in sectors such as food and beverage, petrochemical, electricity, and chemicals.
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The report analyzes the market based on end-use industries, with the chemicals sector holding the largest market share of about 38.45 Percent in 2022. The demand for boilers in the chemical industry is driven by the need for high-quality steam in the manufacturing of various chemicals. The report also highlights the use of boilers in other sectors such as petrochemicals, petroleum refineries, and the construction industry.
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Boiler Market Dynamics:
Market drivers include growing urbanization, the expanding food and beverage industry, and increasing demand for industrial boilers due to environmental regulations. The report highlights the importance of boilers in the food processing industry, where steam is utilized for cooking, drying, warming, and sterilization. The rising demand for high-quality steam in the food and beverage sector is a significant factor driving market growth.
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However, the market faces challenges such as the high cost of fuel and scarcity of natural resources. Fuel selection for boilers depends on various factors, and the depletion of petroleum and natural gas reserves poses long-term challenges. Additionally, the increasing cost of energy affects competitiveness and reduces profitability.
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Boiler Market Regional Insights:
Regionally, the Asia-Pacific region dominates the boiler market, led by countries like China, India, and Japan. The growing industrialization, rising demand for thermal energy, and increasing population contribute to the market's growth in this region. Europe and Central and South America also show promising growth opportunities, driven by factors such as environmental consciousness, sustainability initiatives, and industrialization.
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)
Table of Content for Boiler Market
1. Global Boiler Market: Research Methodology
2. 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
3. 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
4. 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)
5. 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)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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
o Competitive landscape - Market Leaders, Market Followers, Regional player
o 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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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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You can edit or delete your press release The global boiler market continues to show promising growth, with a market size valued at USD 16.37 Bn in 2022. According to the latest report published by MMR, the market is projected to grow at a CAGR of 5.9 percent from 2023 to 2029, reaching a total r here
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