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Global Industrial Boilers Market | Industry Research Report 2018-2025
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The report enumerates the Industrial Boilers Market share held by the major players of the industry and delivers a full view of the competitive landscape. This market is categorized into different segments with the comprehensive analysis of each with respect to the geography for the study period. Based on the historical study and estimates future prospects based on in-depth research, this report briefly provides the market trends, size, growth, and estimation for the period 2018-2025.
Industrial boilers are steam producing enclosed vessels used to transfer thermal energy-to-energy producing plants. Boilers are an imperative part of any manufacturing, power generation and chemical plants. Industrial boilers provide necessary steam and heat exchange required for industrial processing and power generation at power plants. Industrial boilers find applications in petrochemical, automotive and oil & gas industries. Steam generation is the basic function of an industrial boiler through a heat source. Global industrial boiler market is analyzed based on its capacity into 10-150 BHP, 151-300 BHP, 300–600 BHP and upto 300 BHP. The capacity of an industrial boiler determines its steam generation efficiency and overall working capacity in terms of BHP (boiler horsepower).
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High demand for industrial boilers in oil and gas and automotive industry is a major factor fueling the growth of global industrial boilers market. Steam is a clean source of energy in the form of heat which initiates several industrial processes including manufacturing and power generation plants. These essential benefits of industrial boilers has increased their demand and thus significantly empowered the growth of this market. Efforts by vendors to provide efficient and advanced technology boilers for industrial processes will open key opportunities for this market over the forecast period.
North America is the leading geography of this market. Infrastructural growth in U.S coupled with growth of industrial sector, are major reasons behind the dominance of North America in this market. Europe and Asia Pacific are fastest growing regions in the global industrial boilers market. Establishment of new oil and gas and power plants in India support the growth of Asia Pacific. MEA and Latin America are developing regions expected to show substantial growth over the forecast period.
Key players in this market are Hitachi Ltd., Foster Wheeler AG, Alstom SA., Mitsubishi Heavy Industries Ltd., Tai Yuan Boiler Group Co. Ltd., Suzhou Hailu Heavy Industries Co. Ltd., The Babcock and Wilcox Co., Thermogenics (UK) Ltd., Wellman Group, TT Boilers Ltd, AB & Co., ANDRITZ Energy and Environment GmbH, Bharat Heavy Electricals Ltd., B & S Piping Inc., Harbin Power Equipment Co. Ltd., Hangzhou Indeck Power Equipment Co., Boiler Group Co. Ltd and Miura Boiler Inc. Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
4.Industrial Boilers Market Analysis By Capacity
5.Industrial Boilers Market Analysis By Geography
6.Competitive Landscape Of Industrial Boilers Companies
7.Company Profiles Of Industrial Boilers Industry
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