Industrial Boiler Market Research Report- Forecast to 2027
Industrial Boilers Technologies And Developing Market | Forecast 2018 – 2027.
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Copyright Š 2018 Market Research Future.
Industrial Boiler Market Research Report- Forecast to 2027
1 Summary According to a recent study report published by the Market Research Future, The global market of Industrial Boiler is booming and expected to gain prominence over the forecast period. The Global Industrial Boiler market is forecasted to demonstrate an exponential growth by 2027, surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period .
Recently, natural gas and biomass industrial boilers have been replacing traditional coal based boilers in developed economies, owing to their significantly lower operational costs than other fuels. The steady rise in adoption of green fuels for industrial boilers, across the globe, is increasing the demand in industrial boiler market. However, high maintenance cost is the factor may hamper the growth of the market.
Key Players: Some of the key players profiled in the industrial boilers market are Babcock & Wilcox Co. (U.S.), Thermax Ltd. (India), GE Alstom SA.(France), Doosan Heavy Industries & Construction (South Korea), Siemens AG (Germany), IHI Corporation (Japan), Dongfang Electric Corporation Ltd. (China), Bharat Heavy Electricals Ltd.(India), Harbin Power Equipment Co. Ltd.(China), Mitsubishi Heavy Industries Ltd.(Japan), Hitachi Ltd.(Japan).
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Copyright Š 2018 Market Research Future.
Industrial Boiler Market Research Report- Forecast to 2027
2 Global Industrial Boiler Market - Competitive Analysis: Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Industrial Boiler manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Industrial Boiler for every application.
Industry News Cleaver-Brooks, provider of boiler-room products and systems, has announced the acquisition of two Texas-based boiler sales and service companies: Holman Boiler Works Inc. and Affiliated Power Services (APS).
Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has announced that it has signed a Technology License Agreement (TLA) for the Selective Catalyst Reduction System (SCR System) with L&T-MHPS Boilers Private Ltd. (LMB), a joint venture company of Larsen & Toubro Limited and MHPS.
Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has received an order for a boiler, a steam turbine and a generator for the San Buenaventura Power Plant, a 500 megawatt (MW) ultra-supercritical-pressure (Note) coal-fired power generation plant to be built by San Buenaventura Power Ltd., a special purpose company (SPC), in the Philippines.
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Copyright Š 2018 Market Research Future.
Industrial Boiler Market Research Report- Forecast to 2027
Market Research Analysis: Global Industrial Boiler Market - Regional Analysis Asia Pacific is another major region for the industrial boiler. China, Japan, India, and Singapore are the major market in Asia Pacific region. The increase in number of investments in petrochemicals refinery projects such as ethylene steam cracker project will be one of the major factors fueling market growth in this region. Key players across the globe are gradually shifting their production facilities to cater to high potential markets in Asia Pacific mainly due to the availability of low-cost labor and ample raw material stocks. This has the positive influence on the growth of the market. Middle East regions is also expected to contribute significantly during the forecast period mainly due to growing demand from power plants & refineries.
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Copyright Š 2018 Market Research Future.
Industrial Boiler Market Research Report- Forecast to 2027
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Copyright Š 2018 Market Research Future.