Global industrial boilers market is projected to register a CAGR of 5.7% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Global Industrial boilers Market By Tubing Methods (Fire Tube Boilers, Water Tube Boilers), Steam Pressure (High Pressure Boilers, Medium Pressure Boilers, Low Pressure Boilers), Steam Usage (Process Boilers, Utility Boilers, Marine Boilers), Furnace Position (Externally Fired Boilers, Internally Fired Boilers), Shell Axis (Horizontal Boilers, Vertical Boilers), Tubes In Boilers (Multi-Tube Boilers, Single Boilers), Water And Steam Circulation In Boilers (Forced Circulation Boilers, Natural Circulation Boilers), Fuel Type (Coal-Fired Boilers, Oil Fired Boilers, Gas Fired Boilers, Biomass Boilers, Others), Product Type (Hot Water Boiler, Integrated Condensing Hot Water Boiler, Integrated Condensing Steam Boiler, Split Condensing Steam Boiler, Electric Heated Steam Boiler, Electric Hot Water Boilers, Others), Boiler Horsepower (10-150 BHP, 151 -300 BHP, 301 - 600 BHP), Industry (Food Industry, Breweries, Laundries and Cleaning Firm, Construction, Pharmaceutical, Automotive, Pulp and Paper, Hospitals, Agriculture, Packaging, Others), Region (North America, Asia-Pacific, Europe, Middle East and Africa, South America) Industry Trends and Forecast to 2027.
Some of the major factors contributing to the growth of the global industrial boilers market are:
• Increasing demand for low emission boilers
• Growing adoption of IoT technology in industrial boilers
Market Players
Some of the major players operating in the industrial boilers market are:
• GENERAL ELECTRIC (Power Business Division of General Electric)
• Mitsubishi Hitachi Power Systems, Ltd.
• ANDRITZ
• ALFA LAVAL
• IHI Corporation
• Thermax Limited
• AB&CO GROUP
• Babcock & Wilcox Enterprises, Inc.
• Bharat Heavy Electricals Limited
• Bryan Steam
• Cleaver-Brooks, Inc
• DEC
• Hurst Boiler & Welding Co, Inc.
• John Wood Group PLC
• Siemens
• Sofinter S.p.a
• Superior Boiler Works, Inc.
• Suzhou Hailu Heavy Industry Co. Ltd
• Vapor Power
• ZOZEN boiler Co., Ltd.