Key Factors to Fuel Growth of the Marine Boilers Market through 2017 - 2025

Global Marine Boilers Market: Introduction

A boiler is an indispensable part of the ship, whether diesel engine operated or steam powered. Marine boilers are closed vessels wherein the water is heated and circulated to produce high pressure steam or supersaturated steam, which either is used as the power source for propulsion or for heating or electricity generation. In the steam-powered ships, around 2–3 marine boilers are used to generate high-temperature pressure steam for the ship propulsion, whereas in the diesel engine ships, around 1-2 marine boilers are used for the auxiliary purpose, such as heating and pumping fuel and other services.

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Most of the ships are diesel engine operated in which heavy fuel oil (HFO) is used. HFO is a highly dense fuel owing to which steam is used as a heating medium to reduce the viscosity of fuel to maintain proper flow of fuel to settling and service tanks. Thus, the auxiliary marine boiler is used in the diesel engine ships. With simple and compact design, marine boilers are easy to install and operate. In order to generate steam, marine boilers are internally fired with the help of natural gas or fuel or externally fired with the help of coal.

Global Marine Boilers Market: Dynamics

With immense growth of the seaborne trade across the globe, the demand for tankers, bulk carriers, containers and LNG-LPG carriers, among other ships are increasing, which is primarily driving the shipbuilding market. With a subsequent increase in a number of ships across the globe, the demand for marine boilers has increased. Growing market of the steam-powered ships coupled with the increasing demand for superheated steam in various operations, such as ship’s propulsion, heating and others, boost the demand for marine boilers. Regular cleaning in order to remove scaling and fouling, and the emission of flue gas from the boiler are some of the critical factors affecting in the selection of a boiler. Thus, marine boilers with ease of maintenance and repair, and high efficiency are high in demand.

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Global Marine Boilers Market: Market Participants

Some of the examples of key market participants in the global marine boilers market identified across the value chain are Alfa Laval AB, SAACKE GmbH, Johnston Boiler Company, Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd., MIURA AMERICA CO., LTD, SUPREME BOILERS INC, OSAKA BOILER MFG. CO., LTD., Volcano Co., Ltd., Qingdao Kainon Boiler Environmental Protection Technology Co. Ltd, Kawasaki Heavy Industries, Ltd., Suzhou Hailu Heavy Industry Co. Ltd. and Hurst Boiler & Welding Company, Inc., among others.

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