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Industrial Boilers Market will be Massively Influenced by Macroeconomic Factors 2017-2027

Author: Vinay Pratap
by Vinay Pratap
Posted: Jan 17, 2018
global industrial

Industrial Boilers Market: Overview

Industrial boilers are secure vessels that use electricity or other source to heat water or produce steam for industrial heating purpose. Heat source or heat exchanger is used as a heat transfer medium which allows water to be heated above the boiling point. Countries across Asia-Pacific and Africa are investing for enlightening industrial output that directly accelerate the market as well foreign direct investment across emerging economies may give musk vision for the global industrial boiler market throughout the forecast period. On the other hand, in North America, particularly in the U.S., the government is investing huge money in existing heating unit for refurbishment and up gradation of industrial boilers. Food processors and industrial sectors are expected to witness fast growth during the forecast period. The future outlook for the global industrial boiler is expected to remain positive and this market is growing with high digit CAGR throughout the forecast period.

Industrial Boilers Market: Dynamics

Government efforts towards reducing carbon foot printing and rising investment towards energy-efficient manufacturing will trigger the global industrial boiler market during the forecast period. It is expected that growing development in ultra-mega power projects in emerging economy are propelling the global industrial boiler market during the forecast period. Furthermore, strict government regulations for reducing the harmful emission and saving energy is supporting the energy sector that result of increase the global industrial boiler market throughout the forecast period. The adoption of new material for increasing the efficiency of biomass as well reducing the cost of biomass boiler is playing a crucial role in enhancing the global industrial boiler market. Additionally, distribution of oxygen in the boiler bed will enhance the efficiency and uniformity of combustion, which intend to increase the global industrial boiler market throughout the forecast period.

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It is projected that high initial investment and required trained worker may hinder the global industrial boiler market during the forecast period.

Industrial Boilers Market: Segmentation

The global industrial boiler market can be segmented based on product type, capacity of boiler, technology, fuel type and end user.

By Product Type, the global industrial boiler market can be segmented as:

  • Fire Tube industrial boiler
  • Water Tube industrial boiler
  • Others

By Capacity of the boiler, the global industrial boiler market can be segmented as:

  • Below 10 MMBtu/hr
  • 10-50 MMBtu/hr
  • 50-100 MMBTu/hr
  • 100-250 MMBTu/hr
  • Above 250 MMBTu/hr

By Technology, the global industrial boiler market can be segmented as:

  • Condensing
  • Non-Condensing

By Fuel type, the global industrial boiler market can be segmented as:

  • Natural Gas
  • Oil
  • Coal
  • Others

By End User, the global industrial boiler market can be segmented as:

  • Paper Industry
  • Food Industry
  • Chemical Industry
  • Primary Metals Industry
  • Refinery Industry
  • Others

Industrial Boilers Market: Regional Outlook

It is projected that North America is dominating the global industrial boiler market owing to high up gradation in heating units of boiler, particularly in the U.S. Furthermore, competitive pricing of natural gas when compared to other fossil fuels will further embellish the business growth. Europe is also gaining significant traction in the global industrial boiler market owing to robust growth in the chemical and food sector. On the other hand, Japan is also gaining significant attraction in this market owing to the increasing demand of processed health food. The Middle East and Africa is also gaining traction owing to recovering oil price and Saudi Arabian government vision of 2030 plan is increasing the global industrial boiler market. Latin America is also expected to generate significant revenue in the global industrial boiler market throughout the forecast period.

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Industrial Boilers Market: Key Participants

Examples of some of the key participants of the global industrial boiler market are:

  • IBL Group
  • Ross Boilers
  • Cheema Boilers Limited
  • Tecor Boilers Pvt. Ltd.
  • KIP Enterprises
  • GENERAL ELECTRIC
  • Fulton Boiler Works, Inc.
  • BHEL
  • Maanya
  • Forbes Marshall Pvt. Ltd.
  • Thermax Limited
  • Cochran Ltd.
  • SAZ BOILERS
  • Utech Projects Pvt Ltd.
  • Ramakrishna Services
  • English Boiler and Tube, Inc.
  • Indtex Boiler Pvt. Ltd.
  • PAR TECHNO-HEAT PVT. LTD.
  • Burnham Commercial
  • Clayton Industries
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Future Market Insights has announced the addition of the “Wide Bandgap Semiconductors Market: Global Industry Analysis and Opportunity Assessment 2017-2027" report to their offering.

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Author: Vinay Pratap

Vinay Pratap

Member since: Aug 24, 2017
Published articles: 101

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