Global Industrial Boilers Market size was valued at US$ 11.82 Bn in 2017 and is expected to reach US$ 17.93 Bn by 2026 to exhibit a CAGR of 5.35 % during a forecast period.
Global Industrial Boilers Market
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.

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.

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.
The Scope of Global Industrial Boilers Market:

Global Industrial Boilers Market, By Type:

• Water Tube
• Fire Tube
• Other
Global Industrial Boilers Market, By Technology:

• Condensing
• Non-Condensing
Global Industrial Boilers Market, By Rating:

• 10HP-150HP
• 151HP-300HP
• 301HP & Above
Global Industrial Boilers Market, By Fuel Type:

• Natural Gas & Biomass
• Oil
• Coal
• Other
Global Industrial Boilers Market, By Application:

• Chemical & Petrochemical Sector
• Paper & Pulp
• Food & Beverages Sector
• Metal & Metallurgy Sector
• Other
Global Industrial Boilers Market, By Region:

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
The Key Players Operating In the Global Industrial Boilers Market:

• Ross Boilers
• Fulton Boiler Works, Inc.
• Forbes Marshall Pvt. Ltd.
• Utech Projects Pvt Ltd.
• IBL Group, Burnham Commercial
• Cheema Boilers Limited
• Clayton Industries
• Tecor Boilers Pvt. Ltd.
• Maanya
• GENERAL ELECTRIC, Cochran Ltd.
• English Boiler & Tube, Inc.
• BHEL
• Indtex Boiler Pvt. Ltd.
• PAR TECHNO-HEAT PVT. LTD.
• KIP Enterprises
• SAZ BOILERS
• Thermax Limited
• Ramakrishna Services.
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Global Industrial Boilers Market
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