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Global Boiler, Tank, And Shipping Container Market Comprehensive Study: Forecasted Market Size And Growth Rate | Ball Corporation, China International Marine Containers (Group) Ltd., General Electric Company, Alfa Laval AB, Ardagh Group S.A., Doosan Heavy
Boiler, Tank, And Shipping Container Market
The Business Research Company offers in-depth market insights through Boiler, Tank, And Shipping Container Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The boiler, tank, and shipping container market size has grown strongly in recent years. It will grow from $230.24 billion in 2023 to $243.84 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to industrialization, energy demand, oil and gas industry growth, infrastructure development, maritime trade.
The boiler, tank, and shipping container market size is expected to see strong growth in the next few years. It will grow to $299.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to energy transition, environmental regulations, digitalization and iot, hydrogen economy, e-commerce and logistics. Major trends in the forecast period include energy-efficient boilers, tank farm automation, containerization in agriculture, tank coating and lining technologies, intermodal container usage.
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Market Segmentation:
The main types of boilers, tanks and shipping containers are power boiler and heat exchanger, metal tank (heavy gauge), metal can, box, and other metal container (light gauge). The power boiler and heat exchanger are used by the powerplants to boil the water into steam. The different product types include refrigerated containers, dry storage containers, special-purpose containers, flat rack containers, and other product types. They are available in different sizes such as small containers, large containers, and high cube containers and are used in residential, commercial, and other applications.
Major Driver - Impact Of Rapid Advances In Wireless Technology To Boost The Boilers, Tanks, And Shipping Containers Market Growth
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in boiler, tank, and shipping container manufacturing thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. For instance, according to the Compass, the internet traffic is projected to three times from earlier in 2022 and the share of IoT devices is expected to rise 28% by 2025, thus driving the boiler, tank, and shipping container manufacturing market in the forecast period.
Competitive Landscape:
Major companies operating in the boiler, tank, and shipping container market include Ball Corporation, China International Marine Containers (Group) Ltd., General Electric Company, Alfa Laval AB, Ardagh Group S.A., Doosan Heavy Industries & Construction Co. Ltd., Pacific International Lines (Private) Limited, BWX Technologies Inc, CIMC Enric Holdings Limited, A.P. Møller-Mærsk A/S, Novelis Inc., Rio Tinto Group, Alcoa Corporation, United Co RUSAL PLC, Aluminum Corporation of China Limited (CHALCO), Glencore International, Emirates Global Aluminum, Norsk Hydro ASA, Angang Steel Company Limited, Steel Authority of India Limited, SSAB AB, Nucor Corp, Compagnie de Saint-Gobain S.A., Nippon Steel & Sumitomo Metal Corporation, Vallourec SA, Voestalpine AG, Mechel PAO, Atlas Copco AB, Metso Oyj.
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Top Trend - Development Of Products To Drive The Revenues Of Boiler, Tank, And Shipping Container Market
Major companies operating in the boiler, tank, and shipping container market are developing new products such as double-pallet shipping containers to meet larger customer bases, more sales, and increase revenue. A double-pallet shipping container is a type of cargo container designed to accommodate and transport two standard-sized pallets simultaneously. For instance, in December 2021, Tower Cold Chain, a UK-based provider of temperature-controlled containers, launched the KTM42D, a reusable double-pallet container. This product's unique feature is its passive temperature management system, which confirms the internal temperature using data logging technology. It has an interior temperature range of -80 to -60 degrees Celsius. It is appropriate for transporting vaccinations, products used in the life sciences, and any other item that needs a constant temperature during storage or transportation.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Boiler, Tank, And Shipping Container Market Characteristics
3. Boiler, Tank, And Shipping Container Market Trends And Strategies
4. Boiler, Tank, And Shipping Container Market - Macro Economic Scenario
5. Boiler, Tank, And Shipping Container Market Size And Growth
…..
27. Boiler, Tank, And Shipping Container Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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