Industrial Boilers Market Size, Share, Facts & Figures | Forecast 6-7% CAGR 2018 to 2027

Industrial Boilers Market Research Report- Forecast to 2027

Industrial Boilers Market Size, Share, Facts & Figures |

Forecast 6-7% CAGR 2018 to 2027

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Copyright Š 2017 Market Research Future.

Industrial Boilers 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 (2018 – 2027).

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: 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). are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Industrial Boiler Market.

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Copyright Š 2017 Market Research Future.

Industrial Boilers Market Research Report- Forecast to 2027

2 Market Overview Boilers are pressure vessels that are used to supply heated waste or steam to an industrial process. They are the primary equipment used in industries to for steam generation and supply. The Global Industrial Boiler Market is growing with the rapid pace; mainly due to growing demand from food processing sector. One of the foremost concern of food processing firms is the elimination of microbiological threats. Heat is one of the most common methods utilized to reduce or eliminate any microbiological threats. Hence, there has been a rapid surge of integration of Industrial boilers into food processing industry, in recent times.

Segments The Industrial Boilers Market has been segmented on the basis of type into pulverized coal fired, fluidized bed, packaged, heat recovery steam generators, and others. On the basis of end users the market has been categorized into oil & gas, power, food & beverage, textile, pulp & paper, and other end-users. With respect to the fuel used, the market has been segmented as oil, coal, gas and other fuel types. On the basis of pressure range the market has been divided into high pressure boilers and low pressure boilers.

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Copyright Š 2017 Market Research Future.

Industrial Boilers Market Research Report- Forecast to 2027

3 Market Research Analysis Regional Analysis of Industrial Boilers Market North America is the leading region for the industrial boilers market mainly due to the rising demand for energy. The European region is one of the leading regions for the automotive manufacturing which being dependent on the industrial boilers generates demand for the industrial boilers market. Increasing population and increasing demand for power generation has resulted in, the Asia-Pacific region being poised for developing at the highest growth rate.

The demand for energy is currently very high, combining that with the rapid rate of installation of power plants in the Asia-Pacific region, specifically India, China and Indonesia has resulted in high growth in the Industrial Boilers Market.

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Copyright Š 2017 Market Research Future.

Industrial Boilers Market Research Report- Forecast to 2027

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Copyright Š 2017 Market Research Future.