The global industrial boilers market is growing at a good pace and is anticipated to witness a good growth in the coming years.

The heated air comes in contact with the vessel, where convention takes place and heats the water inside a vessel. This heated water produces steam. The vaporized or heated fluid then used for various heating applications including water heating, sanitation, boiler-based power generation, and others.

There are various kind of boilers are available in the market, however the boilers used for industrial purpose falls into the industrial boilers category.

Boilers are closed vessels which are used to store water inside it. In the heating system, a furnace is required to heat the boiler, wherein fuels such as coal are used for heat generation.

The fire-tube type category dominated the market, which is also anticipated to register the faster growth in the coming years. This can be attributed to its compact design and efficient operation capabilities.

The industrial boilers market is classified into fire-tube and water-tube.

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This is attributed to its extensive use in various end-user industries including metal and mining, chemical, and others are shifting towards natural gas to use it as a primary fuel in the boilers.

The industrial boilers market is segmented into natural gas and biomass, oil, coal, and others. Among all these, natural gas and biomass is projected to hold the largest share in the overall market and dominated the market till now.

The boilers help in ensuring the high production quality and high efficiency operation of industry.

The ever-increasing demand of packaged and processed food in developed and emerging countries is changing preferences of consumers, increasing working population, and others.

The boilers are used in food industry to process, cook, and sanitize food products which includes fruits, meat, and vegetables.

This is attributed to the rising industrialization in the emerging countries such as India, China and other Asian countries. The region is one of the major consumers of boilers in the market that are used in chemical, food, refining, and metal and mining industries.

Asia-Pacific is anticipated to register the highest growth in the coming years and register the highest CAGR during the forecast period in the industrial boilers market.

General Electric Company, Siemens AG, Bharat Heavy Electricals Limited, Harbin Electric Corporation, IHI Corporation, Dongfang Electric Corporation Ltd., IHI Corporation, Thermax Limited, AMEC Foster Wheeler PLC, Mitsubishi Hitachi Power Systems, and AC Boilers S.P.A

Source: VynZ Research