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Industrial Boilers Market Size & Analysis Forecasts To 2025

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Title: Industrial Boilers Market Size & Analysis Forecasts To 2025


1
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Industrial Boilers
Market. Industrial Boilers Market Insights The
global industrial boilers market is expected to
grow at a significant CAGR during the forecast
period. This growth can be attributed to rising
demand from food industries across the world.
Along with this, growing awareness about a
reduction of dependence on fossil fuels and
promotion of clean energy coupled with the
rising trend of natural gas-fired boilers are
some factors expected to generate market
opportunities for industrial boilers. Moreover,
increasing demand for compact designs and lean
operations are also anticipated to stimulate
overall growth. Growing inclination towards
natural gas based high-performance boilers is
also likely to augment market growth. However,
the high installation cost of the product is
likely to negatively affect the profitability of
the industrial boilers industry.
Industrial Boilers Market Fuel Type
Insights The industrial boilers market is
segmented on the basis of fuel type into Natural
Gas Biomass, Oil, and Coal among others. The
market for natural gas biomass segment is
anticipated to register a significant growth
rate over the forecast period on account of
rising application by end-use industries such as
metals mining, chemical, and food among others.
Moreover, the gradual shift towards natural gas
from coal as a primary fuel owing to its
properties is also expected to foster growth
during the forecast period.
2
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Industrial Boilers Market Type
Insights On the basis of the temperature range,
the industry is segmented into Fire-tube and
Water-tube. The fire tube segment is likely to
lead the overall market by registering a
significant CAGR over the forecast period. The
segmental growth can be attributed to factors
such as efficient operation, compact design,
operational suitability and simple installation.
The water tube segment is also expected to grow
significantly due to its ability to achieve high
temperature and steam pressure, increasing its
applications in heavy industries. Industrial
Boilers Market Boiler Horsepower Insights By
boiler horsepower the industry can be segregated
into 10-150 BHP, 151 -300 BHP and 301 - 600 BHP.
Out of these, 10-150 BHP segment is anticipated
to record the highest growth over the forecast
period. 10-150 BHP boilers are extensively used
across chemical and food industries. The growth
is further expected to grow owing to the
development of the food beverages industries
all over the world. Industrial Boilers Market
End User Insights The product finds its
application in chemical, food, metals mining
and refineries among others. The food segment is
anticipated to dominate the industry over the
forecast period. This growth can be attributed
to consumer inclination towards processed food,
fast growing food beverage industry and
expansion of food processing units. Demand for
petrochemicals, plastic resins and organics is
likely to generate market opportunities for
industrial boilers. Industrial Boilers Market
Regional Insights The Asia Pacific has occupied
the largest share of this market for the past few
years. This can be attributed to growing food
beverage, chemicals and mining industries in this
region. Demand is expected to rise from
countries such as China and India owing to
increasing investment by key players in the
region. Industrial boilers are used extensively
in chemical, refining mining, and food
industry. The U.S. industrial boiler market is
also expected to demonstrate steady growth during
the forecast period.
3
GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
Industrial Boilers Market End-Use Landscape The
end-use landscape entails a list of current and
prospective consumers prevailing across the
regions. This section provides company addresses,
contact details, products, and regional presence
of companies who are purchasing or are likely to
purchase industrial boilers over the coming
years. Some leading consumers of industrial
boilers are BASF, Nestlé, JBS Glencore, Rio
Tinto, Cargill, Sinopec, DuPont, and ExxonMobil
among others. Industrial Boilers Market Vendor
Landscape The report contains a chapter
dedicated to vendors operating in the market,
covering raw material manufactures, equipment
developers, manufacturers, and distributors. The
report provides these insights on a regional
level. This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of
companies. Industrial Boilers Market Share
Competitor Analysis Some of the players
operating in the global industrial boilers market
include Thermax, Babcock Wilcox, Dongfang,
General Electric, Bharat Heavy Electricals
Limited, Harbin Electric Group, IHI Corporation,
Siemens, Mitsubishi Hitachi Power Systems and AC
Boilers among others. In June 2018, EnviroStar,
Inc. a distributor of industrial, commercial and
industrial boilers announced acquiring all the
assets and certain liabilities of Houston, Texas
based Scott Equipment, Inc. for 13.0 million.
The addition of Scott Equipment to EVIs existing
Dallas operations is anticipated to result in
over 50 million of revenues.
4
GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • In June 2018, Sumitomo SHI FW announced delivery
    of their project CFB boiler technology at the
    Estonia based Enefit's Narva Power Plant. The
    technology is projected to increase the oil shale
    retort gas combustion in circulating
    fluidized-bed (CFB) boiler. Thus, Enefit would be
    capable of burning the entire volume of shale
    oil gas in the modified boiler plant thereby
    improving efficiency and environmental
    conditions.
  • The report segments the Industrial Boilers Market
    on the basis of By Fuel Type
  • Natural Gas Biomass
  • Oil, Coal
  • Others
  • By Type
  • Fire-tube
  • Water-tube
  • By Boiler Horsepower
  • 10-150 BHP
  • 151 -300 BHP
  • 301 600 BHP
  • By End User

5
GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Central South America
  • Middle East Africa
  • This article contains text from the Industrial
    Boilers Market Size Analysis Forecasts To
    2025 report prepared by Global Market
    Estimates. For more information or to buy the
    report, please visit https//www.globalmarketest
    imates.com/industrial-boilers-market/
  • Check our annual research partnership service
    at https//www.globalmarketestimates.com/annual-
    research-partnership-services/
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