Industrial boilers market is witnessing tremendous growth due to increasing demand from end user applications in the food, beverages, pharmaceutical and chemical industry. The consumers of industrial boilers are now demanding economic, fuel saving, cleaner emissions and automated operations. Industrial boilers serve various end user industries such as food and beverages, chemical, textile, paper and pulp, etc. The Asia Pacific region has the largest growth potential as many manufacturers are moving their supply chains in that region due to large economies of scale, easy access to raw materials and availability of labour.
What is Industrial Boilers?
Hot Water or steam is an essential heat carrier that has many useful properties such as high energy absorption and easy transportability. This hot water or steam is generated in boilers which utilize certain fuels or electricity to raise the temperature or pressure to obtain the required physical properties such as steam temperature or pressure, and it is then transported to the consumer facility using pipe systems. The medium in this case, steam or water, is returned back to the boiler and the cycle continues. Industrial boilers use steam or hot water as a heat carrier medium for applications of food, paper, textile, beverages and chemicals manufacturing.
Market Research and Market Trends of Industrial Boilers Market
- The Trump administration recently deregulated the coal industry while rolling back ‘The Clean Power Plan’ (CPP) which was aimed to encourage industries to utilize coal as a preferred fuel source. The implementation of the CPP bought about improved changes in boiler emission design, as the manufacturers aimed to cut down NOx (Nitrogen oxide), CO (Carbon monoxide) emissions. Yet, industries prefer the newer greener design as it considerably cost and fuel efficient.
- One of the key players in the Industrial boilers market, Babcock & Wilcox Enterprises, Inc. decided to sell its MEGTEC businesses to Dürr AG for $130 million in 2018.
- Stork, a Fluor company provides turnkey solutions for boiler systems using its innovative Stork Thermeq approach in optimizing efficiency, installation and maintenance of industrial boilers. This approach is used to design boilers using advanced technologies such as Computational Fluid Dynamics software and Computerized Maintenance Management Systems (CMMS). This enables the end user to reduce running costs and obtain maximum output and efficiency with lower costs, while also elongating the life span of the industrial boilers, which is the main goal of customers.
Who are the Major Players in Industrial Boilers Market?
The key players in the Industrial Boilers market are Babcock & Wilcox, Dongfang, AC Boilers, Bharat Heavy Electricals Limited and Harbin Electric Group
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
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Key Takeaways from this Report
- Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
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