Market Definition / Research Scope
A boiler is a closed vessel used to heat fluids. It can also be described as a closed pressure vessel that acts as a heat transfer surface between combustion products and water. It has various features like deaerator, burner, safety valves, water treaters, super heaters and tubes. It produces heat and steam for a variety of processes like steaming and batching in various industries.
Industrial Boiler Market size shall reach a value of $2x61.4 Million in 2031, growing with a CAGR of 12.13% during the forecast period of 2022 to 2031.
Hot water boilers are used to heat water for heating systems while steam boilers are used to generate steam for applications like steaming of agricultural soil and powering of turbines.
Major industrial boilers used in industries are fire tube boilers and water tube boilers. Fire tube boilers feed hot gases into the tubes while water tube boilers feed water into the tubes. Water tube boilers have higher temperature output compared to fire tube boilers. Types of fuels used in the combustion process are coal, biomass, electricity, gas, oil and wood.
Considerations taken when choosing industrial boiler type are heat output capacity, maximum temperature, maximum pressure and efficiency in relation to the processes they will be used in. Industrial boilers are highly efficient, easy to install and available in a wide range of capacities. They are used in petrochemicals, chemicals, food processing, refineries, metals and mining.
Industrial Boiler Market Growth and Trends
• Developed and developing nations experience a peaking up growth in the food and beverages industrial sector. It owes to the setting up of new boiler plants to maximize productivity of edibles in this sector.
• The world is in a dire need for efficient industrial boiler to meet the production and operation dynamics of multiple continents.
• Next, the below mentioned industries employ massive units of industrial boilers:
Pulp and paper manufacturing
Chemical fabrication
Metal and mining
Textile production
A propulsion in these sectors is likely to drive an optimal market for industrial boilers few decades down the line.
• More to this, most of the countries prefer using biomass boilers as alternative industrial units.
• Finally, super massive projects needing high power supply employ large industrial boilers for their day to day operation of developing countries.
Challenges to Industrial Boiler Market
Apart from key drivers, industrial boiler market faces inevitable challenges and restraints such as:
• Each industrial boiler features a unique design which amplifies its initial cost of installation.
Industrial Boiler Market Regional Analysis
Europe is currently the major consumer in the industrial boiler market due to its fast-growing food processing sector. There is a likelihood that this market will continue to grow after legislation was passed to reduce harmful gas emissions from industries, prompting the increased adoption of industrial boilers. The Asia Pacific region is bound to experience substantial growth in the next decade as Asians continue to embrace processed and packaged foods. The major market players include Siemens AG, Babcock and Wilcox Enterprises, Inc., Cochran Ltd, Bharat Heavy Electricals Limited, Forbes Marshall Private Limited, Hurst Boiler and Welding Co, Inc., and Mitsubishi Hitachi Power Systems.
Industrial Boiler Market Share and Competition
Key companies operating in this industry are: AIT Group, Babcock & Wilcox Enterprises, Inc., Babcock Wanson, Byworth Boilers, Garioni Naval, General Electric, Hurst Boiler & Welding Co, Inc., Mitsubishi Heavy Industries, Ltd., Robert Bosch GmbH, STORK, The IBL Group, Thermax Global, and WIKA Instruments India Pvt. Ltd.
Industrial Boiler Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
• Fire-tube boiler
• Water-tube
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Industrial
• Commercial
• Residential
Fuel Type Analysis (Revenue, USD Million, 2022 - 2031)
• Biomass
• Coal
• Natural gas
• Oil
• Other
Horse Power Analysis (Revenue, USD Million, 2022 - 2031)
• 10-150 HP
• 151-300 HP
• 301-600 HP
Boiler Type Analysis (Revenue, USD Million, 2022 - 2031)
• Multi-tube boilers
• Cylindrical fire-tube boiler
• Haycock and wagon top boilers
Industry Analysis (Revenue, USD Million, 2022 - 2031)
• Chemical
• Dyeing industry
• Food & beverage
• Hospitals
• Laundries and cleaning firms
• Metal & Mining
• Oil & Gas
• Paper industry
• Refineries
• Textile
• Ceramic industry
• Distilleries
• Others
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Industrial Boiler Market Companies
• AIT Group
• Babcock & Wilcox Enterprises, Inc.
• Babcock Wanson
• Byworth Boilers
• Garioni Naval
• General Electric
• Hurst Boiler & Welding Co, Inc.
• Mitsubishi Heavy Industries, Ltd.
• Robert Bosch GmbH
• STORK
• The IBL Group
• Thermax Global
• WIKA Instruments India Pvt. Ltd.
Available Versions: -
United States Industrial Boiler Market Research Report
Europe Industrial Boiler Market Research Report
Asia Pacific Industrial Boiler Market Research Report
India Industrial Boiler Market Research Report
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