Industrial Boilers are widely used in the chemical and pharmaceutical industries, as well as the metal, food and beverage, and mining industries. The boiler industry has been significantly impacted by Covid 19. Many boiler maintenance businesses have been unable to provide maintenance services as frequently as they once did due to strict orders on social distancing and lockdowns. Despite these obstacles, several boiler maintenance companies have opened and are now offering their services by issuing COVID-19 protocols.
Industrial Boiler Market Report Scope and Research Methodology:
The main goal of the Industrial Boiler Market report is to provide stakeholders with a comprehensive analysis of the market in simple language. Market research was conducted by segmenting the Industrial Boiler market into major segments. The Industrial Boiler Market’s main segments were further subdivided into various sub-segments. The report provides a detailed analysis of the Industrial Boiler industry’s drivers, opportunities, restraints, and challenges by region and segment. The market report includes historical data, meaningful insights, facts, and statistically supported and industry-validated market statistics, as well as estimates based on an appropriate set of assumptions and methodologies.
The data for the Industrial Boiler market report was collected using primary and secondary research methods, and the data was combined and analyzed to produce accurate and error-free results. The secondary research includes a review of leading players’ annual and financial reports, while the primary research includes interviews with key opinion leaders and Industrial Boiler industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. The bottom-up approach was used to estimate the Industrial Boiler market size. The SWOT analysis was used to provide the Industrial Boiler Market’s strengths and weaknesses, while the PESTLE and PORTER analyses were used to provide the effects of macroeconomic and microeconomic factors on the Industrial Boiler Market.
Industrial Boiler Market Report Overview:
The report covers the most recent revenue and trends in the Industrial Boiler Market. It includes a market overview, definition, structure, as well as preventative and planned management. The report focuses on the factors that have a positive and negative impact on the Industrial Boiler Market. It also aids in determining the Industrial Boiler Market’s future potential in the forecast years. The report assists in making market-entry decisions and understanding the Industrial Boiler industry’s context.
Industrial Boiler Market size was valued at US$ 14.20 Billion in 2020 and is expected to grow at 5.66% through 2021 to 2027, reaching nearly US$ 20.88 Billion.
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Industrial Boiler Market Dynamics:
The rapid development of industries around the world, as well as the growing demand for high-quality, energy-efficient boilers, are driving the industrial boiler market. Furthermore, technological advancements and advanced technology used to reduce carbon emissions are expected to fuel the Industrial Boiler market. Coal is used as a fuel in boilers. The increasing demand for coal in the coming years is concerned about high carbon emissions, which is a barrier to the growth of the Industrial Boiler market.
Industrial Boiler Market Segmentation:
The fire-tube boiler operates at a pressure of up to 20 bar. Because it requires more floor space and cannot handle load fluctuations easily, this type of industrial boiler is only used in small power plants. Because small tubes can maintain high pressure better and are less prone to fracturing and failure, the water-tube boiler segment is better suited to high-pressure steam generation. In 2020, the water-tube boiler segment accounted for 60% of the industrial boiler market. During the forecast period, this segment is expected to grow at a CAGR of 6.5%. (2021-2027).
Chemicals and petrochemicals, paper and pulp, food and beverages, metals and mining, and others are the application segments.
The Chemicals & Petrochemicals segment is the largest end-use industry in the Global Industrial Boiler Market and is expected to grow further due to rising demand for high-quality steam for chemical production.
Heat or steam was required at various stages in the food and beverage industries, including batching, processing, steaming, and cleaning. As a result, installing boilers in F&B facilities has become a requirement, significantly increasing the size of the boiler market.
Industrial Boiler Market Key Players:
Bharat Heavy Electricals
A.O. Smith
Parker
Cleaver-Brooks
Thermax
Weil-McLain
Fulton
General Electric
Babcock and Wilcox
Forbes Marshall
Burnham
Hurst Boiler and Welding
Cochran
DEC
John Wood Group PLC
IHI Corporation
Mitsubishi Hitachi Power Systems, Ltd.
ANDRITZ
ALFA LAVAL
Bryan Steam
Superior Boiler Works, Inc.
Vapor Power
Sofinter S.p.a, AB&CO GROUP
ZOZEN boiler Co., Ltd.
Industrial Boiler Market Regional Insights:
Geographically, the report is divided into several key countries, with Industrial Boiler market size, growth rate, import and export of Industrial Boiler market in these countries, which cover North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, the Rest of APAC, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Industrial Boiler Market Report are:
- Which segment held the largest share in the Industrial Boiler market?
- Which are the key factors driving the Industrial Boiler market growth?
- Which region holds the maximum share in the Industrial Boiler market?
- What is the expected CAGR of the Industrial Boiler market during the forecast period?
- Who are the major players in the Industrial Boiler market?
- What key trends are expected to emerge in the Industrial Boiler market in the coming years?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2027.
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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