Industrial Boilers Market size is projected to expand at over 2.5% CAGR. Government initiatives to promote clean energy and reduce its dependency on fossil fuels energy source would drive growth.
Global industrial boiler market report segregates the industry on the basis of its capacity (> 10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, and < 250 MMBtu/hr). This segment is categorised in terms of application scale. Major design parameters to determine boiler size and power includes pressure, temperature, and steam mass flow rate. For instance, refining industry requires boilers with extensive capacity, whereas, food processing may need limited capacity.
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The industry is witnessing technological improvements focussing on efficiency and minimum cost design along with attention to reduce air pollutant emissions. Emission norms differs by fuel type, load factor, and size. Extensive use of natural gas and biomass as primary fuel in boilers application is anticipated to positively impact on industry growth.
North America, mainly led by the U.S. industrial boilers market size, was dominant region in 2015. In addition, the U.S industrial boilers account over 35% of total energy use in industrial sector. Also, oil & gas industry accompanied with favourable EPA regulatory norms in the region is likely to drive industrial boilers market for refining application from 2016 to 2024. Furthermore, shale gas exploration particularly in the U.S. and China may boost product installations.
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This latest Industrial Boilers market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Industrial Boilers industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report “Industrial Boilers Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Key Insights in this Report
- Industrial Boilers market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Industrial Boilers market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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