Study : Industrial Boilers Market Analysis Report 2014 to 2021
Industrial Boilers Market Research Report – Decision Databases is involved in providing research reports and company profiles in the global industrial boilers market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market.
Industrial boilers are steam producing enclosed vessels used to transfer thermal energy-to-energy producing plants. Boilers are an imperative part of any manufacturing, power generation and chemical plants. Industrial boilers provide necessary steam and heat exchange required for industrial processing and power generation at power plants.
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Industrial boilers find applications in petrochemical, automotive and oil & gas industries. Steam generation is the basic function of an industrial boiler through a heat source. Global industrial boiler market is analyzed based on its capacity into 10–150 BHP, 151–300 BHP, 300–600 BHP and upto 300 BHP. The capacity of an industrial boiler determines its steam generation efficiency and overall working capacity in terms of BHP (boiler horsepower).
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High demand for industrial boilers in oil and gas and automotive industry is a major factor fueling the growth of global industrial boilers market. Steam is a clean source of energy in the form of heat which initiates several industrial processes including manufacturing and power generation plants. These essential benefits of industrial boilers has increased their demand and thus significantly empowered the growth of this market. Efforts by vendors to provide efficient and advanced technology boilers for industrial processes will open key opportunities for this market over the forecast period.
Best Region Of Markets :
North America is the leading geography of this market. Infrastructural growth in U.S coupled with growth of industrial sector, are major reasons behind the dominance of North America in this market. Europe and Asia Pacific are fastest growing regions in the global industrial boilers market. Establishment of new oil and gas and power plants in India support the growth of Asia Pacific. MEA and Latin America are developing regions expected to show substantial growth over the forecast period. Key players in this market are Hitachi Ltd., Foster Wheeler AG, Alstom SA., Mitsubishi Heavy Industries Ltd., Tai Yuan Boiler Group Co. Ltd., Suzhou Hailu Heavy Industries Co. Ltd., The Babcock and Wilcox Co., Thermogenics (UK) Ltd., Wellman Group, TT Boilers Ltd, AB & Co., ANDRITZ Energy and Environment GmbH, Bharat Heavy Electricals Ltd., B & S Piping Inc., Harbin Power Equipment Co. Ltd., Hangzhou Indeck Power Equipment Co., Boiler Group Co. Ltd and Miura Boiler Inc.
SEGMENTATIONS IN REPORT :
A. Industrial Boilers Market By Capacity :
1. Upto 300 BHP
2. 10–150 BHP
3. 151–300 BHP
4. 300–600 BHP
B. Industrial Boilers By Geography :
1. Asia Pacific
2. North America
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