Global Industrial Boilers Market


Posted November 24, 2020 by maximizegn

Global Industrial Boilers Market size was valued at US$ 11.82 Bn in 2019 and is expected to reach US$ 17.93 Bn by 2027 to exhibit a CAGR of 5.35 % during a forecast period.

 
Global Industrial Boilers Market size was valued at US$ 11.82 Bn in 2019 and is expected to reach US$ 17.93 Bn by 2027 to exhibit a CAGR of 5.35 % during a forecast period.

Global Industrial Boilers Market, By Technology

Robust industrialization has resulted into increased demand for industrial boiler for varied application in industries. Food processing sector and growing demand for the biomass boiler. Growing demand for compact designs & lean operations and rising use of natural gas are key opportunities of the market. Stringent emission standards and high R&D investments are major challenges of the industrial boilers market. However, the high cost of installation, and boiler efficiency & steam quality are major constrains of industrial boilers market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Fire-tube segment is estimated to account for the largest share of the industrial boilers market in 2018 and is projected to dominate the market by 2026. Fire-tube boilers are more fuel efficient and have efficient operations in comparison to water-tube boilers. Water-tube industrial boiler market will grow on account of rising industrial sector investments. Long operating life, prominent safety features and high capacity range make these steam generating units suitable for industrial applications. Growing demand for energy efficient systems will further fuel the market growth.

Condensing boilers has 99% efficiency while the non-condensing boiler is only up to 78% efficient. Condensing boilers reduces household emissions and help to save up expenses on gas. Increased energy efficiency through condensing boilers, the level of efficiency is achieved via using waste heat in flue gas to warm up the cold water entering the boiler, capturing more heat from the outside rather than the inside of a room. Condensing boilers capture up to 11% more heat than non-condensing boilers.

Chemical & petrochemical industry segment utilizes boiler for steam generation which will be used to power turbines for electric generating equipment, blowers, and pumps. Steam may also play a role in the actual production of the product by sterilization, or to achieve the processing temperatures needed for an aspect of production. The steam may also be used to power the plant’s heating and air conditioning units.

Natural gas & biomass segment is leading the industrial boilers market in 2017 and will stay dominant throughout forecast. Natural gas & biomass-based boilers is the first choices to replace coal-based boilers in developed countries owing to their low cost. Shut down of coal-based power plants and industrial boilers has hinder the coal based fuel market. The natural gas & biomass-based industrial boilers are also used in developing countries like Saudi Arabia, the UAE, Egypt, and Nigeria as natural gas is easily available.

North America is predicted to grow at a CAGR of 2.2 % by 2026. Ongoing investment toward the expansion & modernization of industrial facilities along with reviving economic growth will propel the market growth. Increasing investment across petrochemical & chemical sector will further stimulate the industry growth. Asia Pacific will gain market at significant CAGR during the forecast period owing to the rising industrialization of the region's developing economies, such as China, and India. The Asia Pacific region is a major consumer of boilers, which are utilized in the chemical, refining, and metals & mining industries are also increasing the CAGR during the forecast period.

Competitive Landscape

The report has covered the key players’ analysis based on their financials, market penetration, market share and Investment, etc. The report will help the reader to understand exactly where the companies are positioned in the market depending upon the above criteria. The analysis is done with examples such as Forbes Marshall, a leader in process efficiency and energy conservation for the process industry.

Forbes Has a partnership with many technology leaders and pioneers in Belgium, Germany, and Japan. The company holds a total revenue of INR 769.20 lakhs, seven decades of experience in the industry, sets a benchmark in the industry. The company earns a corpus of INR 100.89 lakh from its subsidiaries and joint venture activities, By segment, the company is a leading market player in India for the water industry. Burnham Commercial is a leading global manufacturer in boilers and boiler products the company holds a revenue of $212.3 Mn with 7.3% in profit. The company is reducing its market share, as per company data the share price and profits have been fallen but the dividends are still the same, the company financially is committed to its investors to help them into harder times.

Even though the company and market faced a downfall in 2018 but still the company hasn’t affected the dividends or the salaries or recruitments it hammered its financing activities and the corpus generated by subsidiaries were utilized over R&D. The list for key players continues to increase, examples of some of them are considered for a strategic explanation.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Industrial boiler market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in industrial boiler market.
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Address : Pune, Maharashtra 411051, India.
Contact: +919607195908
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By [email protected]
Country India
Categories Business
Tags Global Industrial Boilers Market
Last Updated November 24, 2020