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Package Boilers Market by Type, Fuel, Design, End-Use Industry And Region - Global Forecast to 2022

Package Boilers Market: Global Forecast until 2022

  • August 2017
  • 158 pages
  • ID: 5088871
In this report:
The chemical end-use industry segment of the package boilers market is expected to grow at a decent CAGR of ##.##% from 2017 to 2022 as these package boilers are being increasingly utilized in the chemical industry for appropriate heat and electricity supply required to carry out various chemical processes.

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"The package boilers market is estimated to grow ~$11.1B by 2022"

The package boilers market is expected to be ~$8.9B in 2017 and is projected to extend ~$11.1B by 2022, at a compound annual growth rate of ~4.4 percent between 2017 and 2022. The increasing demand for clean energy sources, growing number of non-renewable power plants, and growing government initiatives undertaken to reduce dependence on fossil fuels are main factors anticipated to influence the increase of the package boilers market. The formulation of stringent emission standards is acting as a top restraint to the rise of the package boilers market.

"Among end-use sectors, the food & beverage segment is expected to increase at the maximal CAGR (Compound annual growth rate) during the outlook period"

Established on end-user market, the food & beverage segment is anticipated to grow at the maximal compound annual growth rate (CAGR) between 2017 and 2022. The food & beverage sector has become highly advanced, sophisticated, and technical due to strict air quality compliance and increase in the production capacity of food & beverage units. The rising use of package boilers for food processing and sanitation is driving the increase of the package boilers market in the food & beverage market.

"The package boilers market in the Asia Pacific area is expected to rise at the highest CAGR (Compound annual growth rate) between 2017 and 2022"

The package boilers market in the Asia Pacific is expected to grow at the highest compound annual growth rate (CAGR) during the estimate period. According to World Bank, the Asia Pacific area is the quickest-increasing area global, experiencing a continued economic increase. Quick industrialization and infrastructural developments in the Asia Pacific area offer lucrative increase opportunities to manufacturers of package boilers. Furthermore, existing actors in this area are planning to carry out capacity expansions to cater to the growing demand for package boilers from different end-use markets, including chemical, food & beverage, and refining.

Breakdown of profiles of primary members taking part:

• By Company category: Tier 1 - 21.0 percent, Tier 2 - 36.0 percent, and Tier 3 - 43.0 percent

• By Description: C-suite - 24.0 percent, D-level - 42.0 percent, and Others - 34.0 percent

• By Area: North America (NA) - 20.0 percent, EU - 18.0 percent, Asia-Pac - 50.0 percent, South America area - 7.0 percent, and Middle East (ME) & African continent - 5.0 percent

Main firms decribed in this market report contain Cleaver-Brooks, Incorporated, Thermax Limited, Hurst Boiler & Welding Co., Inc. Johnston Boiler Company, Calderas Powermaster, IHI Corporation, Mitsubishi Hitachi Power Systems, Limited, Amec Foster Wheeler Plc., Babcock & Wilcox Enterprises, Incorporated, Forbes Marshall Private Limited, Parker Boiler Company, Miura Boilers, Superior Boiler Works, Incorporated, English Boiler & Tube, Incorporated, Aalborg Engineering A/S, John Thompson, York-Shipley Global, Rentech Boiler Systems Inc., Williams & Davis Boilers, Mackenzie Sectors, Vapor Power International, Limited liability company, and Kawasaki Thermal Engineering.

Segment Research

This business report affords an overview of main market dynamics, including drivers, market restraints, alternatives, and opportunities with respect to the package boilers market. It also offers a exhaustive overview of the market across five regions, that is, Asia Pacific (APAC), Europe (EU), North America continent, the Middle East (ME) & African continent, and South America region. The analysis classifies the package boilers market based on type, design, fuel, 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 market research.

Why Purchasing This Study Can Help You:

This industry report includes the following main aspects:

• What will be the size of the package boilers market by 2022 and what will be the increase rate of the package boilers market during the outlook period (2017 to 2022)?

• What are the top market trends?

• What are the factors projected to drive the rise of the package boilers market during the estimate period?

• What are the opportunities that impact the increase of the package boilers market during the outlook period?

• Who are the top actors in the package boilers market?

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