Pune, India, May 05, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global industrial boiler market size is expected to grow at 5.4% CAGR over the next seven years, garnering a valuation of USD 19,432 million during 2021-2028.
The impact of the COVID-19 pandemic is presented in the study to give the stakeholders a deeper comprehension of the current situation of the market.
The industry is categorized in terms of product type and end-user, divulging the growth rate estimates and market share accounted for by each vertical over the analysis timeline.
From a regional perspective, the report encompasses the areas contributing to the revenue flow. Along with the basic details of all the companies involved, the strategies adopted by them are mentioned to give an idea about the nature of competition in the industry during the speculated timeframe.
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The growth can be attributed to several variables such as rising production capabilities of manufacturing units, expansion of food & beverage sector, soaring demand for energy-efficient boiler systems, and massive utilization of the product in multiple industries like chemicals, metal, mining, etc.
For those unaware, industrial boilers generate steam and heat water for space and process heating. They also produce mechanical power and electricity.
Besides, the introduction of biomass boilers is creating lucrative avenues for enterprises in this domain during the stipulated timeline.
Despite the positive outlook, the exorbitant costs involved in installation of boilers, along with the fluctuation in pricing depending upon its design are factors likely to hinder worldwide industrial boiler market development in the forthcoming years.
Segmental Overview:
In terms of product type, the market is split into watertube boilers, firetube boilers, hot water boilers, fluidized bed boilers, and others. Based on end-user ambit, the industry categorized as paper & pulp, chemicals & petrochemicals, metals & mining, food & beverage, and others.
Regional Takeaway:
As per credible estimates, Europe is slated to generate massive revenues for the market in the coming years, on account of extensive product adoption in food & beverage vertical, and strict laws for ELV (emission limit value) to minimize levels of nitrogen oxide and sulfur dioxide in environment.
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Competitive Dashboard:
The established names in the competitive scope of global industrial boiler market include Thermax Ltd., AC Boilers S.p.A., The Fulton Companies, Andritz AG, Superior Boiler Works Inc., Babcock & Wilcox Enterprises Inc., Siemens AG, Bharat Heavy Electricals Limited, Shanghai Boiler Works Co. Ltd., Dongfang Electric Corporation, Robert Bosch GmbH, General Electric Company, Rafako S.A., Harbin Electric Company Limited, Mitsubishi Heavy Industries Ltd., Hines Corporation, and Kawasaki Heavy Industries Ltd. among others.
Global Industrial Boiler Market, By Product (Revenue, USD Million, 2018-2028)
- Watertube Boilers
- Firetube Boilers
- Hot Water Boilers
- Fluidized Bed Boilers
- Others
Global Industrial Boiler Market, By End-User (Revenue, USD Million, 2018-2028)
- Paper & Pulp
- Chemicals & Petrochemicals
- Metals & Mining
- Food & Beverage
- Others
Global Industrial Boiler Market, Regional Analysis (Revenue, USD Million, 2018-2028)
- Europe
- Asia Pacific
- North America
- Rest of the World (RoW)
Global Industrial Boiler Market, Competitive Dashboard (Revenue, USD Million, 2018-2028)
- Thermax Ltd.
- AC Boilers S.p.A.
- The Fulton Companies
- Andritz AG
- Superior Boiler Works Inc.
- Babcock & Wilcox Enterprises Inc.
- Siemens AG
- Bharat Heavy Electricals Limited
- Shanghai Boiler Works Co. Ltd.
- Dongfang Electric Corporation
- Robert Bosch GmbH
- General Electric Company
- Rafako S.A.
- Harbin Electric Company Limited
- Mitsubishi Heavy Industries Ltd.
- Hines Corporation
- Kawasaki Heavy Industries Ltd.
Table of Content:
Part 1. Introduction
1.1 Market definition
1.2 Key benefits
1.3 Market segment
Part 2. Methodology
2.1 Primary
2.2 Secondary
Part 3. Executive summary
Part 4. Market overview
4.1 Introduction
4.2 Market dynamics
4.2.1 Drivers
4.2.2 Restraints
Part 5. Global market for industrial boiler by product
5.1 Firetube boilers
5.1.1 Market size and forecast
5.2 Fluidized bed boilers
5.2.1 Market size and forecast
5.3 Hot water boilers
5.3.1 Market size and forecast
5.4 Watertube boilers
5.4.1 Market size and forecast
5.5 Others
5.5.1 Market size and forecast
Part 6. Global market for industrial boiler by end user
6.1 Chemicals & petrochemicals
6.1.1 Market size and forecast
6.2 Food & beverage
6.2.1 Market size and forecast
6.3 Metals & mining
6.3.1 Market size and forecast
6.4 Paper & pulp
6.4.1 Market size and forecast
6.5 Others
6.5.1 Market size and forecast
Part 7. Global market for industrial boiler by region
7.1 Asia Pacific
7.1.1 Market size and forecast
7.2 Europe
7.2.1 Market size and forecast
7.3 North America
7.3.1 Market size and forecast
7.4 Rest of the World (RoW)
7.4.1 Market size and forecast
Part 8. Key competitor profiles
Related Report:
Commercial Boiler Market size, Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2021 – 2028
The global commercial boiler market size is expected to witness sizable growth by 2028 driven by rising demand for energy-efficient heating solutions across commercial facilities. Commercial boilers refer to pressurized systems that generate and distribute heat in a building. Commercial boilers are inherently energy efficient as water not only conducts thermal energy rapidly but also retains the heat longer than air. Moreover, these boilers are less prone to developing leaks in their system as they use pipes rather than ductwork, which further improves energy savings. Consequently, surging prominence of commercial boilers has been favorable for industry expansion worldwide. The Latin America commercial boiler market is calculated to grow at a sturdy pace to gather a major market share by the end of 2028. Escalating demand for clean fuel heating systems, along with increasing investments into the domestic lodging sector, is likely to support market adoption across the region over the following years.
Industrial Boiler Market Size, Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026
Global Industrial boiler market is projected to record significant gains over the forthcoming timeframe. Industrial boilers are mostly made by connecting together thick steel plates, enabling the production of very high pressures. The main function of industrial boiler is to produce either hot water or steam. While hot water boilers heat water for the commercial or domestic heating purpose and hot water supply. Steam boilers generate steam so as to power turbines for power generation and several other industrial applications. From a regional frame of reference, flourishing refining and other manufacturing industries are likely to drive the industrial boiler market throughout Middle East & Africa. Furthermore, owing to increasing investments across food & beverage industry, the Latin America industrial boiler market is expected to further clock in additional revenue growth.
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