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.
Market Analysis and Insights: Global Industrial Boilers Market
Due to the COVID-19 pandemic, the global Industrial Boilers market size is estimated to be worth US$ 12660 million in 2022 and is forecast to a readjusted size of US$ 16490 million by 2028 with a CAGR of 4.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, 200MW Below accounting for % of the Industrial Boilers global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Power segment is altered to an % CAGR throughout this forecast period.
On the basis of type, the fire-tube segment dominated the market in 2017 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.
Global Industrial Boilers Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Industrial Boilers Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
200MW Below
200MW-500MW
500MW or Above
Segment by Application
Power
Metallurgy
Petrochemical Industry
Others
By Company
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
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina