Steam boiler is majorly used in process industries to deliver heat to industrial and chemical processes. Increasing investments in chemical, food & beverage, pharmaceutical, and other process industries would drive the growth of steam boiler market. Similarly, huge requirement of steam boilers for heating buildings and producing hot water supply would drive the steam boiler market.
The growing demand for steam boiler market is attributed to the rapid increase in the demand for electricity. Moreover, capacity addition in power plants is also driving the market for steam boiler. One of the major restraints of the global steam boiler is focus on renewable energy resources for power generation.
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Steam boiler is a closed vessel used to create steam by applying heat energy to water. The fluid heated under pressure inside the steam boiler is then circulated out of the boiler for use in various applications such as power generation. The main purpose of steam boiler is to generate power in steam engines and steam turbines. It is also used for heating the buildings in cold weather and for producing hot water for hot water supply.
The prominent players of the global steam boiler market are GE (US), Bosch (Germany), Thermax (India), Cleaver-Brooks (US), Byworth Boilers (US), Doosan Heavy Industries & Construction (South Korea), Forbes Marshall (India), Fulton Boiler (US), Parker Boiler (US), Rentech Boilers (US), Thermodyne Engineering Systems (India).
Global Steam Boiler Industry Segmental Overview:
The global Steam Boiler Market has been segmented on the basis of type, component, fuel, end-user and regions.
Steam Boiler Market, By Type
- Water-tube boiler
- Fire-tube boiler
Steam Boiler Market, By Component
- Air preheater
- Feed pump
Steam Boiler Market, By Fuel
Steam Boiler Market, By End-User
- Power Generation
- Oil & Gas
- Process industry
- Primary metal
Steam Boiler Market, By Regions
- North America
- Middle East & Africa
- South America
By region, the global steam boiler market covers its growth opportunities and latest trends across main five region like Asia-Pacific, Europe, North America, South America, and Middle East & Africa.
Asia Pacific held the largest market share of the global steam boiler market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the growing demand for power and rising investment in setting new power generation plants.
China is expected to lead the Asia Pacific steam boiler market during the forecast period and is projected to grow at the highest CAGR from 2018 to 2023. The Chinese and Indian markets are projected to be among the fastest-growing economies during the forecast period. These countries are estimated to account for nearly 70% of all the proposed thermal power capacity addition during the same period.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
3. Market Landscape
4. Market Dynamics
5. Global Steam Boiler Market, By Type
5.2. Water-Tube Boiler
5.3. Fire-Tube Boiler
6. Global Steam Boiler Market, By Component
6.5. Air Preheater
6.6. Feed Pump
7. Global Steam Boiler Market, By Fuel
7.2. Coal-Fired Steam Boiler
7.3. Gas-Fired Steam Boiler
7.4. Oil-Fired Steam Boiler
7.5. Biomass-Fired Steam Boiler
7.6. Electric Steam Boiler
8. Global Steam Boiler Market, By End-User
8.2. Power Generation
8.3. Oil & Gas
8.5. Process Industry
8.6. Primary Metal
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