Press release
Industrial Boilers Market Size to Grow Steadily during Forecast period (2017-2027)
Industrial boilers are secure vessels that use electricity or other source to heat water or produce steam for industrial heating purpose. Heat source or heat exchanger is used as a heat transfer medium which allows water to be heated above the boiling point. Countries across Asia-Pacific and Africa are investing for enlightening industrial output that directly accelerate the market as well foreign direct investment across emerging economies may give musk vision for the global industrial boiler market throughout the forecast period. On the other hand, in North America, particularly in the U.S., the government is investing huge money in existing heating unit for refurbishment and up gradation of industrial boilers. Food processors and industrial sectors are expected to witness fast growth during the forecast period. The future outlook for the global industrial boiler is expected to remain positive and this market is growing with high digit CAGR throughout the forecast period.
Industrial Boilers Market: Dynamics
Government efforts towards reducing carbon foot printing and rising investment towards energy-efficient manufacturing will trigger the global industrial boiler market during the forecast period. It is expected that growing development in ultra-mega power projects in emerging economy are propelling the global industrial boiler market during the forecast period. Furthermore, strict government regulations for reducing the harmful emission and saving energy is supporting the energy sector that result of increase the global industrial boiler market throughout the forecast period. The adoption of new material for increasing the efficiency of biomass as well reducing the cost of biomass boiler is playing a crucial role in enhancing the global industrial boiler market. Additionally, distribution of oxygen in the boiler bed will enhance the efficiency and uniformity of combustion, which intend to increase the global industrial boiler market throughout the forecast period.
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It is projected that high initial investment and required trained worker may hinder the global industrial boiler market during the forecast period.
Industrial Boilers Market: Segmentation
The global industrial boiler market can be segmented based on product type, capacity of boiler, technology, fuel type and end user.
By Product Type, the global industrial boiler market can be segmented as:
Fire Tube industrial boiler
Water Tube industrial boiler
Others
By Capacity of the boiler, the global industrial boiler market can be segmented as:
Below 10 MMBtu/hr
10-50 MMBtu/hr
50-100 MMBTu/hr
100-250 MMBTu/hr
Above 250 MMBTu/hr
By Technology, the global industrial boiler market can be segmented as:
Condensing
Non-Condensing
By Fuel type, the global industrial boiler market can be segmented as:
Natural Gas
Oil
Coal
Others
By End User, the global industrial boiler market can be segmented as:
Paper Industry
Food Industry
Chemical Industry
Primary Metals Industry
Refinery Industry
Others
Industrial Boilers Market: Regional Outlook
It is projected that North America is dominating the global industrial boiler market owing to high up gradation in heating units of boiler, particularly in the U.S. Furthermore, competitive pricing of natural gas when compared to other fossil fuels will further embellish the business growth. Europe is also gaining significant traction in the global industrial boiler market owing to robust growth in the chemical and food sector. On the other hand, Japan is also gaining significant attraction in this market owing to the increasing demand of processed health food. The Middle East and Africa is also gaining traction owing to recovering oil price and Saudi Arabian government vision of 2030 plan is increasing the global industrial boiler market. Latin America is also expected to generate significant revenue in the global industrial boiler market throughout the forecast period.
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Industrial Boilers Market: Key Participants
Examples of some of the key participants of the global industrial boiler market are:
IBL Group
Ross Boilers
Cheema Boilers Limited
Tecor Boilers Pvt. Ltd.
KIP Enterprises
GENERAL ELECTRIC
Fulton Boiler Works, Inc.
BHEL
Maanya
Forbes Marshall Pvt. Ltd.
Thermax Limited
Cochran Ltd.
SAZ BOILERS
Utech Projects Pvt Ltd.
Ramakrishna Services
English Boiler and Tube, Inc.
Indtex Boiler Pvt. Ltd.
PAR TECHNO-HEAT PVT. LTD.
Burnham Commercial
Clayton Industries
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