China Industrial Boilers Market Forecast to Reach $2.8 Billion by 2025


Posted August 26, 2020 by debramiller

"China Industrial Boilers Market is driven by the high use of boiler in chemical industry and in power generation sectors. China is one the leading chemical producer in the world, hence it uses industrial boiler on large scale."

 
Global China Industrial Boilers Market is forecast to reach $2.8 billion by 2025, estimated to grow at a CAGR of 7.2% from 2020 to 2025. China Industrial Boilers Market is driven by the high use of boiler in chemical industry and in power generation sectors. China is one the leading chemical producer in the world, hence it uses industrial boiler on large scale. The replacement of coal fired boiler with biomass boiler, for higher efficiency and lower air pollution is going to boost the industrial boiler market in China. Additionally introduction of advance technology such as IoT for monitoring and controlling the boiler drum level and performing rapid action is going provide huge growth to industrial boiler market in China.

Key Takeaways:

1. The high usage of industrial boiler in Chemical and Power generation industry, is driving the growth of industrial boiler market in China.
2. Fire tube boiler is estimated to hold the major share of Industrial boiler market in China. As it offers better efficiency at cheaper cost with additional benefits such as flexible tube and others, which is going to provide huge growth to China industrial boiler market.
3. The introduction of advance technology such as internet of things (IoT) which provides better control over industrial boiler with less space and power consumption. This is going to boost industrial boiler market in China.

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By Product Type- Segment Analysis:

Fire tube boiler is estimated to hold the major share in China Industrial Boilers market during the forecast period.The fire tube boilers are available at a cheaper rate as compared to water tube boiler, which is going to provide huge potential to fire tube boiler in smaller industrial operating with lower pressures. Additionally, fire tube boiler are simple in construction, compact in size and the ability to easily meet rapid fluctuations in steam demand, is going to provide huge growth to china industrial boiler market in various industrial verticals.

Drivers – China Industrial Boilers Market:

a)Introduction of Advance Technologies
These advance technology helps in monitoring and controlling the boiler drum level and performing rapid action by the use IoT connected devices such as Smartphone or laptops etc.

b) Growing Food and Beverage Industry
The steam boilers are widely used in different distillation process and it also helps in reducing the microbiological threat.

Market Landscape: China Top Industrial Boilers major companies such as Shanghai Boiler Works Co, Devotion Group, Shanghai Boiler Works Co,Wuhan Boiler Company Limited and Others.

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Issued By debra miller
Business Address https://www.industryarc.com/
Country India
Categories Business , Industry , Reports
Tags china industrial boilers market , china industrial boilers market forecast , china industrial boilers market growth , china industrial boilers market reports , china industrial boilers market share , china industrial boilers market size
Last Updated August 26, 2020