The global industrial boilers market is growing at a good pace and is anticipated to witness good growth in the coming years. There is various kind of boilers are available in the market, however, the boilers used for industrial purpose falls into the industrial boilers category.

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On the basis of type, the industrial boilers market is classified into fire-tube and water-tube. The fire-tube type category dominated the market, which is also anticipated to register faster growth in the coming years.

Based on fuel type, the industrial boilers market is segmented into natural gas and biomass, oil, coal, and others.

Based on end-user, the industrial boilers market is classified into chemical, food, refineries, metal and mining, and others.

Increasing demand of these boilers in the food and beverage industry is the major factor driving the industrial boilers market. The boilers are used in the food industry to process, cook, and sanitize food products which include fruits, meat, and vegetables. The ever-increasing demand of packaged and processed food in developed and emerging countries is changing preferences of consumers, increasing the working population, and others. The boilers help in ensuring the high production quality and high-efficiency operation of industry.

The major players in the operating in the industrial boilers industry are planning capacity expansion in recent years to meet the increasing demand of end-user industries. 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 are some of the major players operating in the industrial boilers market.

Source: VynZ Research