Overview and Scope
Boilers, tanks, and shipping containers refer to a type of container made of metal by using a method of manufacturing that includes cutting, forming, and joining metal parts to produce tanks that are used for storage and transportation of goods from one place to another, the processing of liquid material, and the storage of hazardous liquids.
Sizing and Forecast
The boiler, tank, and shipping container market size has grown strongly in recent years. It will grow from <b>$230.24 billion in 2023 to $243.84 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. </b> The growth in the historic period can be attributed to industrialization, energy demand, oil and gas industry growth, infrastructure development, maritime trade.
The boiler, tank, and shipping container market size is expected to see strong growth in the next few years. It will grow to <b>$299.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. </b> The growth in the forecast period can be attributed to energy transition, environmental regulations, digitalization and iot, hydrogen economy, e-commerce and logistics. Major trends in the forecast period include energy-efficient boilers, tank farm automation, containerization in agriculture, tank coating and lining technologies, intermodal container usage
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Segmentation & Regional Insights
The boiler, tank, and shipping container market covered in this report is segmented –
1) By Type: Power Boiler and Heat Exchanger, Metal Tank (Heavy Gauge), Metal Can, Box, and Other Metal Container (Light Gauge)
2) By Product Type: Refrigerated Container, Dry Storage Container, Special Purpose Container, Flat Rack Container, Other Product Types
3) By Container Size: Small Containers, Large Containers, High Cube Container
4) By Application: Residential, Commercial, Other Applications
<b>Asia-Pacific</b> was the largest region in the boiler, tank, and shipping container market in 2023. <b>Western Europe</b> was the second largest region in the boiler, tank, and shipping container market. The regions covered in the boiler, tank, and shipping container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in boiler, tank, and shipping container manufacturing thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. For instance, according to the Compass, the internet traffic is projected to three times from earlier in 2022 and the share of IoT devices is expected to rise 28% by 2025, thus driving the boiler, tank, and shipping container manufacturing market in the forecast period.
Key Industry Players
Major companies operating in the boiler, tank, and shipping container market include <b> Ball Corporation, China International Marine Containers (Group) Ltd., General Electric Company, Alfa Laval AB, Ardagh Group S.A., Doosan Heavy Industries & Construction Co. Ltd., Pacific International Lines (Private) Limited, BWX Technologies Inc, CIMC Enric Holdings Limited, A.P. Møller-Mærsk A/S, Novelis Inc., Rio Tinto Group, Alcoa Corporation, United Co RUSAL PLC, Aluminum Corporation of China Limited (CHALCO), Glencore International, Emirates Global Aluminum, Norsk Hydro ASA, Angang Steel Company Limited, Steel Authority of India Limited, SSAB AB, Nucor Corp, Compagnie de Saint-Gobain S.A., Nippon Steel & Sumitomo Metal Corporation, Vallourec SA, Voestalpine AG, Mechel PAO, Atlas Copco AB, Metso Oyj.</b>
The boiler, tank, and shipping container market report table of contents includes:
1. Executive Summary
2. Boiler, Tank, And Shipping Container Market Characteristics
3. Boiler, Tank, And Shipping Container Product/Service Analysis -Product/Service Examples
4. Boiler, Tank, And Shipping Container Market Trends And Strategies
5. Boiler, Tank, And Shipping Container Market – Macro Economic Scenario
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26. Germany Boiler, Tank, And Shipping Container Market
27. France Boiler, Tank, And Shipping Container Market
28. Italy Boiler, Tank, And Shipping Container Market
29. Spain Boiler, Tank, And Shipping Container Market
30. Austria Boiler, Tank, And Shipping Container Market
Top Major Players:
- Ball Corporation
- China International Marine Containers (Group) Ltd
- General Electric Company
- Alfa Laval AB
- Ardagh Group S.A
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