Industrial Boilers Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Industrial Boilers market including various factors related to and dependent influencing the market growth.
A boiler is typically a closed vessel and has water stored inside it. In this heating system, a furnace is required to heat the boiler. Fuels such as coal are used to generate the heat. Subsequently, the heated air comes in contact with the vessel and convection takes place, heating the water inside the vessel. The heated water eventually produces steam.
On the basis of type, the fire-tube segment dominated the market in 2020 and is also projected to grow at a higher rate than the water-tube segment owing to the compact design and efficient operation of fire-tube boilers.
Based on boiler horsepower, the industrial boilers market was dominated by the 10-150 BHP segment. Most of the end-use industries, such as chemical and food, prefer boilers in the 10-150 BHP range. Rising demand from the food & beverages industry, which is a major market for 10-150 BHP boilers, is expected to drive the 10-150 BHP segment of the industrial boilers market.
The industrial boilers market in the Asia Pacific region is anticipated to grow at the highest CAGR between 2022 and 2023. Asia Pacific is a leading market for industrial boilers mainly due to rising industrialization of the region\'s emerging economies, such as China, India, and ASEAN countries. The region is a major consumer of boilers, which are used in the food, chemical, refining, and metals & mining industries.
The Industrial Boilers market was valued at xx Million US$ in 2023 and is projected to reach xx Million US$ by 2030, at a CAGR of xx% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Industrial Boilers.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Industrial Boilers market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Industrial Boilers market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Industrial Boilers market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Industrial Boilers Market:
The major competitors working in the market are:
, AMEC Foster Wheeler, Babcock & Wilcox, Dongfang Electric, General Electric, Siemens, AC Boilers, Bharat Heavy Electricals, Harbin Electric, IHI, Mitsubishi Hitachi Power Systems, Thermax, Ab&Co Group, Alfa Laval, Andritz Energy & Environment, Suzhou Hailu, Robey-Wellman Boilers & Furnaces, Taiyuan Boiler, Vapor Power International, Superior Boiler Works, Bryan Steam, Hurst Boiler & Welding Company
Market by Order Type
By Type
Water-tube
Fire-tube
By Fuel Type
Natural Gas & Biomass
Oil
Coal
Others
By Boiler Horsepower
10-150 BHP
151-300 BHP
301-600 BHP
Industrial Boilers Data by Application
Food
Chemical
Refineries
Metals & Mining
Others
Industrial Boilers Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Industrial Boilers market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Industrial Boilers Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Industrial Boilers market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Industrial Boilers market size and their forecasts
- To provide strategic profiles of the key players operating in the Industrial Boilers market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Industrial Boilers market
Target Audiences for Industrial Boilers Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
We also provide customized reports according to customer\'s specific requirements. We also provide customization for regional and country-level reports individually.
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