Boilers are basically termed as pressure vessels that are used as an element of the supplied waste of heat or processed steam in the different industries for the steam generation process.
In the next few years if the growth remains on similar lines as of now then the market becomes one of the largest demanding areas in the industrial sector. The government, on the other hand in many situations has taken the initiative of promoting the use of clean energy and reducing the consumption of fossil fuel. The industrial sectors are also leaning towards the use of natural gas which is generally based on the boiler of high performance is giving an affirmative impact on the market for the expansion of the Global Industrial Boilers Market.
The Global Industrial Boilers Market was USD 10.52 billion in 2018 and is estimated to exceed USD 14.43 billion by 2025 at a CAGR of 4.62% during the forecasted period.
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Growth by Region
APAC leads the market while North America will have the fastest growth during the forecasted period. The USA has been on the list for producing more than 75% of the total revenue generated in the different provinces of North America in the year 2017. The industrial sectors of the Boilers Market in Japan was valued more than $150 million in 2017
In the recent times, due to the presence of a number of larger and small players the competition of the Global boilers is increasing day by day. The strategy that many follow in the market is the proper acquisition and a formidable partnership with the other. Partnerships tend to play a key role in the establishment of the company globally. A lot of innovations have been brought in the market delivering optimal efficiency and proper assurance to the customers regarding the service quality of the product.
The Cleaver-Brooks which has been one of the leading producers of boiler systems and products has announced their latest acquisition of Holman Boiler Works Inc. and Affiliated Power Services, two Texas-based boiler service companies.
Mitsubishi Hitachi Power Systems has already announced their agreement of signing a Technology License Agreement. This is done mainly for the Selective Catalyst Reduction System. Larsen & Toubro Limited and MHPS have initiated their partnership in a joint venture program which is called L&T-MHPS Boilers Private Ltd. They have taken this joint venture agreement to take part in the program formulated by the Mitsubishi.
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Global Industry Boilers Market – By Capacity, Product, Industry, Region – Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 – 2025)
1. Research Methodology
2. Executive Summary
3. Market Overview
3.2. Industry Value Chain Analysis
3.3. Porter’s 5 Forces
4. Market Dynamics
11. Competitive Intelligence
11.1. Company Market Share Analysis
11.2. Industry M&As, Consolidations
12. Company Profiles
12.1. Mitsubishi Hitachi
12.2. Bharat Heavy Electricals Limited
12.3. Kawasaki Heavy Industries Limited
12.4. Wuxi Huanguang Boiler Company Limited
12.5. Alfa Laval Aalborg A/S
12.6. DongFang Boiler Group Company Limited
12.7. Taishan Group Company Limited
12.8. Indeck Power Equipment Company
12.9. Taiyuan Boiler Group Company Limited
12.10. Amec Foster Wheeler
12.11. GE Steam Power
12.12. Bosch Group
12.13. Doosan Heavy Industries
12.15. Thermax Limited
13. Investment Opportunities
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