Gujarat Magazine

High demand for clean technology in the chemical end-use industry drives the Industrial Boilers Market

 Breaking News
  • No posts were found

High demand for clean technology in the chemical end-use industry drives the Industrial Boilers Market

June 04
22:01 2021
High demand for clean technology in the chemical end-use industry drives the Industrial Boilers Market

Browse 77 market data Tables and 46 Figures spread through 173 Pages and in-depth TOC on “Industrial Boilers Market”
Industrial Boilers Market by Fuel Type (Natural Gas & Biomass, Oil, Coal), Boiler Type (Fire-Tube, Water-Tube), Boiler Horsepower, End-Use Industry (Chemical, Food, Refineries, Metals & Mining), and Region

The industrial boilers market is estimated at USD 14.6 billion and is projected to reach USD 19.3 billion by 2025, at a CAGR of 5.7% from 2020 to 2025. The chemical end-use industry was the largest consumer of industrial boilers owing to demand for heat energy at high temperature and pressure for the production and processing of chemicals such as organic chemicals and bulk chemicals. Rising environmental concerns for CO2 emissions are expected to fuel the growth of the natural gas & biomass fuel type segment in the industrial boilers market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130210505

Chemical segment is estimated to account for the largest share of the industrial boilers market

The chemical segment is estimated to lead the industrial boilers market in 2020, due to the rising demand for chemicals from emerging countries. The chemical segment is the largest end-use industry, owing to a large number of installations across the industry. Industrial boilers in the chemical industry are primarily used to provide large quantities of high-quality, high-temperature steam for production. The high level of efficiency, operational safety, and low capital outlay along with low and one-time capital investments have made industrial boilers an important component in chemical production processes.

Natural gas & biomass segment is estimated to witness the fastest growth in the industrial boilers market

Based on fuel type, the natural gas & biomass segment is expected to lead the industrial boilers market during the forecast period. Increasingly stringent environmental guidelines across developed and emerging economies, as well as the need to reduce dependence on coal, has accelerated the adoption and growth of the natural gas & biomass fuel type for combustion in industrial boilers.

Asia Pacific is expected to witness the fastest growth in the industrial boilers market

The industrial boilers market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific industrial boilers market in 2019. This growth can be attributed to the increasing demand for industrial boilers from the region’s chemical, food, refineries, metals & mining industries, particularly in China and India.

Key market players covered in this report include Babcock & Wilcox Enterprises, Inc. (US), Siemens AG (Germany), GE Power (US), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC Ltd.) (China), Bharat Heavy Electricals Limited (BHEL) (India), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), ANDRITZ AG (Austria), Thermax Limited (India), Robert Bosch GmbH (Germany), Sofinter Group (Italy), Cleaver-Brooks, Inc. (US), and Byworth Boilers Limited (UK), among others.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=130210505

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/industrial-boiler-market-130210505.html


Warning: count(): Parameter must be an array or an object that implements Countable in /home/haridwartoday/gujaratmagazine.in/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share