Industrial Boilers Market May See a Big Move | General Electric, John Cockerill, Danstoker

AMA Research has recently unveiled a study on the Industrial Boilers Market, presenting over 100+ market data tables, pie charts, and figures. This research evaluation of the market aims to study upcoming trends, growth determinants, industry perspectives, and substantiated market insights to make forecasts up to 2028. The study divides the market analysis by key regions that are propelling market growth. Additionally, this section outlines the potential impact of various segments and applications on the market's future trajectory. The comprehensive data is founded on present trends and significant historical achievements. Some of the key players profiled in the study are Bosch Thermotechnology (Germany), Mitsubishi Hitachi Power Systems, Ltd (Japan), General Electric Company (United States), Hurst Boiler & Welding Company, Inc. (United States), John Cockerill (Belgium), Byworth Boilers (United Kingdom), Unilux Advanced Manufacturing, LLC (United States), Cochran Energy Solutions (Scotland), Fulton Company (United Kingdom), Danstoker A/S (Denmark).

How big is the Industrial Boilers Market?

Report Attributes Details
Market Size in 2022 US$ 13.2B
Market Forecast in 2028 US$ 17.7B
Growth rate (2023 to 2028) CAGR of 3.1%
Base Year of the Analysis 2022
Forecast Period 2023-2028

Definition:
Industrial boilers are large, specialized vessels designed to generate and distribute heat in the form of steam or hot water. These crucial systems are employed in various industrial processes, including power generation, chemical production, manufacturing, and heating applications. Boilers utilize various fuels such as coal, natural gas, oil, and biomass to produce high-temperature and high-pressure steam or hot water. The steam generated by boilers is often utilized to drive turbines for electricity generation or to facilitate numerous manufacturing processes. Industrial boilers come in diverse configurations, including fire-tube and water-tube designs, each offering unique advantages in terms of efficiency, safety, and operational characteristics.

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Market Summary:
• On the basis of the type, the market has been bifurcated into Hot Water Boiler, Coal-Fired Boilers, Oil/ Gas Boilers, Vertical Boilers, Steam Boilers, Watertube Boilers, Hybris HD Boilers, Others.
• Based on the application, the market has been divided into Power Generation, Oil and Gas, Chemicals and Petrochemical Industries, Others.
•Additional Segments covered into by Type (Hot Water Boiler, Coal-Fired Boilers, Oil/ Gas Boilers, Vertical Boilers, Steam Boilers, Watertube Boilers, Hybris HD Boilers, Others), Components (Combustion System {oil, gas, coal, electricity, biomas}, Tubes, Safety Valves, Pressure Valves, Water Gauges, Others), Industry Verticals (Manufacturing, Oil and Gas, Chemical and Petrochemical, Paper and Pulp, Agriculture, Food and Beverages, Other), Fuel (Solid {Wood, Coal, Briquettes, Pet Coke, Rice Husk}, Liquid {LDO, Furnace Oil}, Gaseous {LPG, LNG, PNG}), System (Heat Distribution System, Heat-emitting System, Control System)
• On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.

Market Drivers:
• Growing Industrialization Across the Developing Countries
• Need for Managing Industrial Level Water, Gas or Solid Handling for Various Applications
Market Trend:
• Increasing Use of Steam Industrial Boilers
• Growing Popularity of Industrial Boilers in APAC Region
• Technological Advancements in Industrial Boilers
Opportunities:
• Introduction of Various Progressive Programs Towards Technologically Advanced Installation and Upgradation of Boilers for better Industrial Operations, will Lead to Positive Impact on the Industrial Boilers Market.

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The Global Industrial Boilers Market report comprises 15 chapters for comprehensive coverage:
Chapter 1: Introduction provides an overview, defining the market, its specifications, and classification, along with application areas such as Power Generation, Oil and Gas, Chemicals and Petrochemical Industries, Others. The chapter also includes market segment types - Hot Water Boiler, Coal-Fired Boilers, Oil/ Gas Boilers, Vertical Boilers, Steam Boilers, Watertube Boilers, Hybris HD Boilers, Others.
Chapter 2: This chapter outlines the study's objectives.
Chapter 3: Research methodology is detailed, covering measures, assumptions, and analytical tools.
Chapters 4 and 5: These sections present Trend Analysis of the Global Industrial Boilers Market, discussing drivers, challenges stemming from consumer behavior, marketing channels, and value chain analysis.
Chapters 6 and 7: These chapters display the Industrial Boilers Market Analysis, including segmentation analysis and characteristics.
Chapters 8 and 9: Here, the focus shifts to illustrating the Five Forces framework (bargaining power of buyers/suppliers), threats to new entrants, and the overall market condition.
Chapters 10 and 11: These chapters undertake an analysis based on regional segmentation, covering regions such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. A comparison between leading countries is provided, along with insights into opportunities and customer behavior.
Chapter 12: This chapter identifies the major decision framework established through insights from industry experts and strategic decision-makers.
Chapters 13 and 14: These sections delve into the competition landscape, including classification and market ranking.
Chapter 15: The final chapter addresses the Global Industrial Boilers Market's sales channels, research findings, conclusion, and includes an appendix with supplementary information and the data source.

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