Press release
Boiler System Market Trends, Share, Key Players- Danstoker Boilers, Bosch Industriekessel, AC Boilers S.p.A, Mitsubishi Hitachi Power Sys., Rentech Boilers, Byworth Boilers
Boiler System Market
Boiler is a pressure vessel that is used to create and supply steam required for various processes within industries. Industrial Boilers are extensively used across industries such as metal, food & beverage and chemical. The recent trends in the industrial boiler market suggest increasing demand for higher efficiency and effectively. The growth of Global boiler system is due to factors such as significant growth in the food processing sector and growing demand for clean energy sources. However, high maintenance cost is the major restraint that could hinder the market growth.
The growth of the Boiler System market is majorly driven by increasing demand for energy in the Asia-Pacific region. Boiler is a pressure vessel that is used to create and supply steam required for various processes within industries. Industrial Boilers are extensively used across industries such as metal, food & beverage and chemical. The recent trends in the industrial boiler market suggest increasing demand for higher efficiency and effectively.
The Global Boiler System Market was valued at USD 1,900.4 million in 2014, and is expected to reach USD 3,573.6 million by 2022.
Key Players
• Danstoker Boilers (Denmark),
• Bosch Industriekessel (Germany),
• Babcock & Wilcox Enterprises, Inc. (U.S.),
• AC Boilers S.p.A (Italy),
• Mitsubishi Hitachi Power Systems, Ltd. (Japan),
• ATTSU Termica (Spain),
• Rentech Boilers (U.S.),
• Byworth Boilers (U.K.),
• Proodos Industrial Boilers (Greece),
• Siemens AG (Germany)
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The market has been analyzed based on the types, capacity and regions. Among all the regions, the Asia-Pacific region is expected to grow rapidly. The rapid population growth and the increase in demand for power in the region are expected to drive the growth of the Boiler System market over the forecast period. North America and Europe regions are expected to witness further increase in growth rate due to the increased competition between manufactures in delivering high quality products, thus adding to the growth of the market.
Market Research Analysis
Europe and Asia-Pacific are expected to witness significant growth during the forecast period mainly due to the presence of established manufacturing industries which support the growth of the boiler system market. Rising rate of industrialization and increasing demand for energy in the Asia-pacific region are also expected to boost the sales in the global boiler system market.
Asia-Pacific is expected to be the largest market for boiler systems, due to countries such as China and India in the region. North America and Europe are further expected to contribute to the growth. There is an increasing requirement for high quality boiler systems. All these factors are contributing to the growth of the boiler system market.
Asia-Pacific accounts for the highest market share
Asia-Pacific region currently has the highest market share and along with the North American region is expected to drive the growth of the market due to the continuous increase in automobile sales activities. In countries such as China, India of the Asia-Pacific region, the presence of established manufacturing industries which support the growth of the boiler system market. Rising rate of industrialization and increasing demand for energy in the Asia-pacific region are also expected to boost the sales in the global boiler system market.
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LIST OF TABLES
TABLE 1 GLOBAL GLOBAL BOILER SYSTEMS MARKET, BY TYPE, 2014-2027 (USD MILLION) 23
TABLE 2 GLOBAL GLOBAL BOILER SYSTEMS MARKET, BY CAPACITY, 2014-2027 (USD MILLION)
TABLE 3 GLOBAL GLOBAL BOILER SYSTEMS MARKET, BY REGION, 2014-2027 (USD MILLION) 28
TABLE 4 NORTH AMERICA: GLOBAL BOILER SYSTEMS MARKET, BY COUNTRY, 2014-2027 (USD MILLION) 29
TABLE 5 NORTH AMERICA: GLOBAL BOILER SYSTEMS MARKET, BY TYPE, 2014-2027 (USD MILLION) 30
TABLE 6 NORTH AMERICA: GLOBAL BOILER SYSTEMS MARKET, BY CAPACITY, 2014-2027 (USD MILLION) 31
TABLE 7 U.S.: GLOBAL BOILER SYSTEMS MARKET, BY TYPE, 2014-2027 (USD MILLION) 32
TABLE 8 U.S.: GLOBAL BOILER SYSTEMS MARKET, BY CAPACITY, 2014-2027 (USD MILLION) 32
TABLE 9 CANADA: GLOBAL BOILER SYSTEMS MARKET, BY VEHCILE TYPE, 2014-2027 (USD MILLION) 33
TABLE 10 CANADA: GLOBAL BOILER SYSTEMS MARKET, BY CAPACITY, 2014-2027 (USD MILLION) 33
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