The global industrial boilers market is expected to grow at a CAGR of 5.0% from 2017 to 2025. Learn details of the Research Report of Technologies and Developing Global Size, Types, Manufacturers, System, Service, Production
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Industrial boilers are used for generating and supplying steam for industrial processes. An industrial boiler is defined as a pressure vessel that provides the required heat or steam to any ongoing industrial process.
These boilers are made up of thick metal plates and have the capability to withstand high pressures. Biomass industrial boilers that use biomass as a fuel are gaining more attention owing to the reduction in carbon emissions and low fuel costs.
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Based on the end-use industries, the market is segmented into food processing, chemicals, textiles, pulp & paper, oil & gas, and others. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.
Key Point from Table of Content
9. Company profiles
9.1. Alfa Laval AB
9.1.2. Financials and business segments
9.1.3. Recent developments
9.2. Alstom SA
9.2.2. Financials and business segments
9.2.3. Recent developments
9.3. Amec Foster Wheeler AG
9.3.1. Overview (industrial steam generator market)
9.3.2. Financials and business segments
9.3.3. Recent developments
9.4. Bharat Heavy Electricals Limited
9.4.1. Overview (industrial boiler services market)
9.4.2. Financials and business segments
9.4.3. Recent developments
9.5. GE Steam Power Systems
Based on the capacity, the market is divided into 10 BHP150 BHP (Boiler Horse Power), 151 BHP300 BHP, and 301 BHP600BHP. According to fuel type, it is categorized into coal, natural gas & biomass, and oil.
On the basis of type, the market is classified into water wall, water tube, firetube, hot water boilers, and fluidized bed boilers.
Market Landscape by Capacity
- 10 BHP150 BHP
- 151 BHP300 BHP
- 301 BHP600 BHP
- Rising demand from the oil & gas industry is fueling the growth of the industrial boiler market.
- The number of power plants is continuously increasing thereby boosting the demand for industrial boilers.
Restraints: (industrial boiler system market)
- High cost of boilers is projected to hinder market growth during the forecast period.
Market Players: (industrial boiler manufacturers market)
The top players in the global industrial boilers market include Hitachi Limited, Amec Foster Wheeler AG, IHI Corporation, Mitsubishi Heavy Industries Limited, Kawasaki Heavy Industries Limited, Bharat Heavy Electricals Limited, Alstom SA, Alfa Laval AB, GE Steam Power Systems, and Miura Boiler Incorporated.
Market Landscape by Fuel Type
- Natural Gas & Biomass
Market Landscape by Type
- Water Wall
- Water Tube
- Hot Water Boilers
- Fluidized Bed Boilers
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