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Industrial Boilers Market Report Forecasting CAGR 6.1% Growth by 2024: Comprehensive Competitors Study By John Wood Group plc, Harbin Electric Corporation, IHI Corporation, Mitsubishi Hitachi Power Systems, Ltd., Thermax Global and others

Industrial boilers are an indispensable part of process plants where steam is used to supply heat to various processes being carried out. A lot of discussion happens around the attributes of a good industrial boiler. This article highlights ten features of industrial boilers which promise a good performance. It has its wide application in food, chemical, refineries, primary metal, and others. Increasing demand for clean and renewable energy sources and increasing natural gas usage may act as the major driver in the growth of Industrial boilers market. Strict emission standards may hamper the market.

The Industrial Boilers market research report was interpreted with the systematic collection and estimation of Boiler industry market information. All this information is provided in a form that gives the business proper explanation of different facts and figures. This report provides accurate information on market trends, changes in industry, consumer behaviour, etc. The market data described in the industrial boilers report helps to identify the worldwide boilers industry’s diverse market opportunities. Such market research reporting is always advantageous for any company to market products or services, whether it is a small or large-scale. This industrial boiler market report’s analytical study supports the mapping of growth strategies to increase sales and build brand image on the market. Industrial Boiler report contains the latest market information that companies can gain from boiler industry in-depth analysis and future trends. With the market information provided in the industrial boiler report, it has become easy for international business to gain broader perspective.

Market Analysis:

The Global Industrial Boilers Market accounted for USD 12.32 billion in 2016 and projected to grow at a CAGR of 6.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Key Competitors:

  • John Wood Group plc
  • Babcock & Wilcox Enterprises, Inc.
  • DEC
  • Siemens AG
  • Sofinter S.p.a.
  • BHEL
  • Harbin Electric Corporation
  • IHI Corporation
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Thermax Global
  • AB&CO
  • Suzhou Hailu Heavy Industry Co., Ltd.
  • Robey-Wellman Boilers & Furnaces Ltd.
  • Taiyuan Boiler Group Co., Ltd.
  • Superior Boiler Works, Inc.
  • Vapor Power
  • Bryan Steam
  • Hurst Boiler & Welding Co, Inc., and others.

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Major Market Drivers & Restraints:

  • Increasing demand for clean and renewable energy sources
  • Increasing natural gas usage
  • High cost of installation
  • Strict emission standards

Market Segmentation:

The global industrial boilers market is segmented on the basis of fuel type into

  • natural gas & biomass
  • coal
  • oil and others.

On the basis of type, the global industrial boilers market is segmented into

  • lay-up
  • pultrusion
  • resin transfer molding
  • injection molding
  • filament winding
  • compression molding and others.

On the basis of boiler horse power, the global industrial boilers market is segmented into

  • 10BHP-150BHP
  • 151BHP-300BHP
  • 301BHP-600BHP

On the basis of end-use industry, the global industrial boilers market is segmented into

  • Food
  • Chemical
  • Refineries
  • Primary metal and others.

On the basis of geography, the global industrial boilers market report covers data points for 28 countries across multiple geographies such as

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Competitive Landscape:

The global industrial boilers market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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