According to China Boiler and Auxiliaries Industry Report, 2012-2015 released by Sino Market Insight, the revenue of Chinese boiler and auxiliaries industry is estimated to rise 21.48% over 2011 to RMB 175.8 billion in 2015.
Excluding the non-comparable factors, the revenue of Chinese boiler and auxiliaries industry grew 4.55% year-on-year to RMB144.7 billion in 2011. The figure is expected to climb 4.25% YoY to RMB150.9 billion in 2012, and hit RMB175.8 billion in 2015. And the industry will maintain a CAGR of 5.7% or so in 2013-2015.
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There are so many players in the industrial boiler market, and the major competitors include Taishan Group Co., Ltd., Hangzhou Boiler Group Co., Ltd., Suzhou Hailu Heavy Industry Co., Ltd. and Tai Yuan Boiler Group Co., Ltd., etc., of which Taishan Group Co., Ltd. acts as the biggest manufacturer. The principal producers of heat recovery boiler cover Hangzhou Boiler Group Co., Ltd., Suzhou Hailu Heavy Industry Co., Ltd., Yancheng Boiler Manufacturing Co., Ltd., Jiangxi Jianglian Energy & Environment Co., Ltd., Wuxi Huaguang Boiler Co., Ltd., Dongfang Electric Corporation and otherwise, of which Hangzhou Boiler Group Co., Ltd. is the largest contributor. With respect to the power station boiler market, Shanghai Electric, Harbin Power Equipment Co., Ltd. and Dongfang Electric Corporation boast their own R&D and manufacturing capabilities in large complete power station equipments.
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The report contains seven chapters and 97 charts, and underlines the market size and competitive landscape of boilers and accessories industry, and boiler market segments (industrial boiler, heat recovery boiler and power station boiler) in China, the boiler market size by region, as well as the operation and development trends of 18 major boiler manufacturers in China.
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