Industrial Boilers Market 2019 Global Analysis, Size, Growth, Share, Merger, Trends, Competitive Landscape, Revenue, Regional And Industry Forecast To 2023
Industrial Boilers Market 2019 Global Industry Analysis To 2023, is latest report on Global Industrial Boilers Industry, published by Market Research Future. Global Industrial Boilers market expected to rise at a CAGR of 5.80%.
Pune, India – June 11, 2019 /MarketersMedia/ —
Industrial Boilers Market 2019 Global Industry Analysis To 2023, is latest report on Global Industrial Boilers Industry, published by Market Research Future. Global Industrial Boilers Market Information by Type (Fire-Tube, Water-Tube), by Fuel Type (Natural Gas & Biomass, Oil, Coal), by Boiler Horsepower (10-150 HP, 151-300 HP, and 301-600 HP), End-User (Chemical, Food Processing, Refineries, Metals & Mining), Region – Forecast till 2023.
Major Industrial Boilers Companies covered in the market report include Mitsubishi Heavy Industries Ltd. (Japan), IHI Corporation (Japan), General Electric Company (US), Babcock & Wilcox Co. (U.S.), Bharat Heavy Electricals Ltd. (India), Harbin Power Equipment Co. Ltd. (China), Thermax Ltd. (India), Siemens (Germany), Doosan Heavy Industries & Construction (South Korea), Dongfang Electric Corporation Ltd. (China), Dongfang Electric Corporation Ltd. (China), and others.
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Global Market Highlights:
Global Industrial Boilers market has seen remarkable growth; expected to rise at a CAGR of 5.80%. The steady rise in adoption of green fuels for industrial boilers, across the globe, is increasing the demand in industrial boiler market. North America to Spearhead the Global Industrial Boiler Market
Industrial boiler is a closed vessel in which fluid is heated. It uses a fuel source of electricity to heat water or generate steam for industrial heating and humidification purpose. Hot water boilers are used to heat water for heating systems whereas steam boilers are used to generate steam for use in different applications such as power generation, agricultural soil steaming, and others.
The growth of the market is primarily due to the booming demand from the food processing industry. The primal concern for any food processing firms involves the elimination of microbiological threats. Heat is one of the key methods utilized to curb down or eradicate these piling up threats. This has thereby increased the integration of industry boilers in the food & beverage industry and is subsequently pushing its overall market growth.
Segmentation:
The global industrial boiler market segmentation is based upon the following key dynamics: fuel type, end-user, type, and boiler horsepower.
By type, the market is classified into fire-tube and water tube boilers. Between the two, the fire-tube segment is reported to dominate the global market soon due to a number of factors. This includes easy operability, higher level of efficiency, can be used for several industrial applications, and holds compact design.
By fuel type, the market divides into coal, natural gas & biomass, oil, and others. Natural gas & biomass is anticipated to hold the highest share in this market category as most end-user industries like metals & mining, chemical, and food processing are identified to be moving towards the adoption of natural gas as their primary fuel type.
By boiler horsepower, the market segments into 151-300 HP, 10-150 HP, and 301-600 HP. Herein, the 10-150 BHP segment holds the maximum shares and is expected to stand atop during the forthcoming years as well. The dominance of the segment can be linked with its usage in end-user industries like food and chemicals. The booming demand from the food industry, in particular, is projected to play a major role in driving the 10-150 BHP segment in the coming years.
By end-user, the market divides into oil & gas, textile, food & beverage, power, pulp and paper, and others.
Regional Analysis:
The global industrial boiler market is regionally segmented into the following key regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Among these mentioned regions, North America holds the dominant slot in the global rankings. The region is further expected to grow considerably during the forecast period with the highest growth percentage. Fast-paced installation of various power plants has prompted in the increasing demand for industrial boilers in this region. The US is the primary contributor to the growth of the regional market and is anticipated to grow at a notable speed in the coming years.
The Asia Pacific region is another major player in the global landscape and holds massive significance in pushing the overall market of industrial boilers. The surging number of investments in petrochemicals refinery projects like ethylene steam cracker is expected to be one of the key factors influencing a growth of the regional market. It has been reported that key players across the globe are shifting their production facilities to Asia Pacific to cater to the potentially high opportunities that lies in the region. This shifting preference among the players is due to the easy availability of low-cost labor coupled with bulk availability of raw material stocks.
Lastly, the Middle East region is also expected to grow in a healthy manner over the forecast period, primarily due to the burgeoning demand for power plants & refineries.
The report for Global Industrial Boilers Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
6 Global Industrial Boilers Market, By Type
6.1 Introduction
6.2 Fire-Tube
6.2.1 Market Estimates & Forecast, 2017-2024
6.2.2 Market Estimates & Forecast, By Region, 2018-2024
6.3 Water-Tube
6.3.1 Market Estimates & Forecast, 2017-2024
6.3.2 Market Estimates & Forecast, By Region, 2018-2024
Continued…
List of Tables:
Table 1 Global Industrial Boilers Market: By Region, 2017-2023
Table 2 North America Industrial Boilers Market: By Country, 2017-2023
Table 3 Europe Industrial Boilers Market: By Country, 2017-2023
Table 4 Asia Pacific Industrial Boilers Market: By Country, 2017-2023
Continued…
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued…
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