Press release
Industrial Boiler Market Growth | Trends, Size & Forecast 2025 | Top key players - GE Power, Siemens AG, John Wood Group PLC.
Industrial Boiler Market
The Industrial Boiler Market is expected to reached at a CAGR of 8.99% during the forecast period 2024-2031.
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The Industrial Boiler Market refers to the industry that produces and supplies boilers used to generate steam or hot water for industrial processes. These boilers are essential in manufacturing, power generation, chemical production, and food processing. Driven by rising energy demands and industrial growth, the market is evolving with a focus on energy efficiency, sustainability, and cleaner fuel technologies.
Major players in the Industrial Boiler Market
The prominent players in Industrial Boiler market research report are: Babcock & Wilcox Enterprises, Inc., GE Power, Siemens AG, John Wood Group PLC, Bharat Heavy Electricals Limited (BHEL), Robert Bosch GmbH, Mitsubishi Hitachi Power Systems, Ltd., Dongfang Electric Corporation Limited (DEC Ltd.), Harbin Electric Company Limited and IHI Corporation.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In July 2022, Babcock & Wilcox Enterprises Inc. secured a new four-year, $125 million revolving credit facility through an agreement with MSD Partners and PNC Bank. The funding is set to support the company's continued investments in clean and renewable energy technologies.
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Market Segments
By Product: Steam Boiler, Hot Water Boiler, Industrial Heat Recovery & Waste Heat Boiler, Energy Efficient Boiler, Others.
By Type: Fire-Tube, Water-Tube.
By Fuel: Natural Gas & Biomass, Coal, Oil, Others.
By Horsepower: 10-150 BHP, 151-300 BHP, 301-600 BHP.
By End-User: Petrochemical, Food & Beverage, Pharmaceutical, Power Generation, Textile, Others.
The Industrial Boiler industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Industrial Boiler Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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