Boiler System Global Market – Synopsis
Boiler System refers to a water heater that uses natural gas to heat up water within the range from 140 -190 degrees to generate & supply steam required for numerous processes across industries like food & beverages, chemical, metal, etc. For all industrial boiler and steaming need; a Boiler System proves to be a cost effective solution.
Similarly, integrated with a boiler pump or chiller and HVAC (Heating, ventilation, and air conditioning) controls; a Boiler System can also efficiently keep houses/offices/ buildings warm or cold as per the requirement. However in the regions confronting the extreme cold such as North America/ Europe, a Boiler System is used majorly for heat generation and to keep the premises warm. And hence Boiler Systems witness a huge demand in this region from the commercial (industrial) and noncommercial (residential) sectors alike.
However, energy/power generation owing to the usage of Boiler Systems remains its all-time prominent end user industry. Growing ecological concerns are prompting the need for alternative energy generation sources that can output cleaner energy. And the energy generated using a Boiler System is considered as cleaner energy. This very aspect is allowing Boiler System to garner a lot of prominence escalating its market to perceive phenomenal accruals. Attributing to the increasing industrializations worldwide; recently Boiler System is perceiving an augmented demand globally.
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Boiler System Market –Competitive Landscape
The fiercely competitive market of Boiler System is categorized by the presence of numerous large & small players. Players of the market incorporate collaboration, acquisition, technology/product launch, partnership, and expansion. Some other key strategies of the key players in the market are, promotions through trade exhibitions, collaboration and greater commercialization of their products. These key players strive to develop their portfolio with high quality boilers offering a rage of efficient, cost effective, ecofriendly and efficient Boiler Systems.
Boiler System Global Market – Segments
For the convenience of the report and enhanced understanding, the report can be segmented in to 3 key dynamics
By Types : Comprises Oil Fired & Gas Fired.
By Capacities : Up to 20 Tones, 20 to 40 Tones, and 40 to 50 Tones
By Regions : APAC, North America, Europe, and Rest of the World.
Worldwide Boiler System Market – Geographical Analysis
Attributing to the presence of established manufacturing industries that support the growth of the Boiler System market; APAC & Europe region are projected to perceive a remarkable growth during 2016-2022. In the Asia-pacific region, increasing industrialization is leading to augment the demand for energy is also anticipated to increase the market size of Boiler System globally.
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January 28, 2018 – UK government declared amendments in the regulations for installation of a new boiler from April 2018 onwards. The new regulation demanding a higher set of energy efficiency measures than ever before dictates that gas-fired boilers contribution should match up with about 60% of summed up annual energy bills. The new regulation is expected to save energy and money for the consumers.
February 06, 2018 – Millenium Energy Company’ was rewarded U.S. patent number 9, 519, 297 for the dynamic differential energy control of hydronic cooling or heating systems. Named as E~flow, the innovation is a smart, purposeful hydronic pumping control system. The arithmetic of E~flow theory of control has been appropriately structured, and the controlling hydronic boilers concepts, circulating loops and pumps have been well defined.
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