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Industrial Boilers Market: Global Forecast until 2026

  • December 2016
  • 150 pages
  • ID: 4489951
In this report:
The ##BHP-##BHP segment of the industrial boilers market in Asia-Pacific accounted for a share of ##.##% in 2015 and is expected to grow at CAGR of ##.##% from 2016 to 2021.
The ##BHP-##BHP segment of the industrial boilers market in Asia-Pacific accounted for the largest share of ##.##% in 2015, and is expected to grow at CAGR of ##.##% from 2016 to 2021.

Summary

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"Industrial boilers market is estimated to grow ~$17.8B by 2026"

The industrial boilers market is forecasted to be ~$10.9B in 2016 and is projected to extend ~$17.8B by 2026, at a compound annual growth rate (CAGR) of 5.00 percent between 2016 and 2026. Elements such as growing demand for clean energy sources, rising number of natural power plants, and government actions to foster clean energy and reduce dependency on fossil fuels are main factors anticipated to boost the rise of the industrial boilers market. Nevertheless, the high cost of boilers may restrain the increase of the industrial boilers market.

"The natural gas & biomass segment is anticipated to witness more important rise from 2016 to 2026"

Established on fuel type, the natural gas & biomass segment led the industrial boilers market, as a majority of end-use markets, including chemical, primary metal, and food use natural gas as their primary fuel. The increase of the segment can also be attributed to the fact that natural gas & biomass boilers are gradually replacing coal-based boilers in developed countries, owing to lower operational cost of using natural gas as distinguished to other fuels.

"10BHP-150BHP is forecasted to be the most important segment of the industrial boilers market"

Established on capacity, the industrial boilers market has been divided into 10BHP-150BHP, 151BHP-300BHP, and 301BHP-600BHP. The industrial boilers market was dominated by the 10-150BHP segment, as most of end-use sectors, including chemical and food market prefer boilers in range from 10BHP-150BHP.

"The chemical segment projected to be the biggest segment of the industrial boilers market"

Established on end-user market, the industrial boilers market has been broken down into food, chemical, refineries, primary metal, and others. The chemical segment is expected grow at the highest compound annual growth rate (CAGR) from 2016-2026, as this market plays an integral role in the economy and offers different inputs to distinct areas of the economy.

"The sector in North America continent estimated to grow witness more significant rise during the outlook period"

The North America industrial boilers market is anticipated to witness more important increase between 2016 and 2026. The increasing demand for energy and quick installation of different power plants has led to the raised demand for industrial boilers in the territory. In North America (NA), the U.S.A is decreasing its dependence on fossil fuel-based plants to minimize carbon footprint. The area is moving towards cleaner fuels, including natural gas, biomass, biogas, solar thermal, and other renewable energy.

Key players' distribution profiles:

- By Company Type: Tier 1 - 10.0 percent, Tier 2 - 40.0 percent, and 1/3 3 - 50.0 percent

- By Designation: C Level - 45.0 percent, Director Level - 23.0 percent, and Others - 32.0 percent

- By area: Europe - 21.0 percent, North america (NA) - 16.0 percent, Asia-Pacific - 53.0 percent, and Middle East & Africa -10.0 percent

Main firms decribed in this market report contain Babcock & Wilcox Enterprises, Incorporated, Dongfang Electric Corporation Ltd., Siemens (SIA), General Electric (NYSE:GE), AC Boilers S.p.a. , Bharat Heavy Electricals Limited, Harbin Electric Group, IHI Corporation, Mitsubishi Hitachi Power Systems, Ltd., and Thermax Limited.

Segment Research

This business report affords an overview of the market trends, drivers, and opportunities with respect to the industrial boilers market. It also offers a exhaustive overview of the market across five regions, that is, Asia-Pac, EU, North America continent, Middle East (ME) & African continent, and South America region. The study classifies the industrial boilers market based on type, boiler horsepower, fuel type, end-use sector, and area. An in-depth study of leading actors, together with top increase strategies approved by them, is also covered in the analysis.

Why acquiring this study can help you

This industry report includes the following main aspects:

- What will be the market value by 2021 and what will be the increase rate?

- What are the top market trends?

- What are the factors projected to drive the increase of the market?

- What are the opportunities that impact market increase?

- Who are the top actors in this sector?

- Global report includes key regions, like North America, Europe (EU), and Asia Pacific (APAC), containing main countries in these areas, including the U.S., China (CN), India (IN), Russian Federation, and Germany (DE)

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