Global Industrial Boilers Market is expected to grow at a robust CAGR
Global Industrial Boilers Market is expected to grow owing to stringent
government regulations to minimize carbon emissions and maximize renewable energy
usage throughout the forecast period.
According to TechSci Research report, “Industrial Boilers Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the
Global Industrial Boilers Market is expected to register robust
growth during the forecast period owing to the growth of the industrial boilers
market in the forecast period include the growing demand for industrial boilers
in the food and beverage industry, the increasing adoption of clean technology
in the chemical sector, and the rising need for electricity. Additionally, the
growing utilization of natural gas is anticipated to create potential
opportunities for the expansion of the industrial boilers market in the
forthcoming years.
Several government policies in developed and
developing countries aim to promote the reliance on renewable energy sources,
thereby reducing carbon emissions. These policies not only contribute to market
growth but also serve as regulatory frameworks and provide government grants to
incentivize industries to adopt renewables. Consequently, biomass heating
companies are increasingly transitioning to biomass as a result. A notable
example is Saica, a recycling company based in Spain, which recently installed
a biomass boiler at its paper mill in Venizelos, France. This boiler
effectively utilizes excluded materials from paper products and recycled wood
to generate steam, resulting in an impressive annual reduction of onsite carbon
dioxide emissions by 71%. Furthermore, the consumption of natural gas is
estimated to decrease by 89%.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on the "Global Industrial Boilers Market."
The Global Industrial Boilers Market is segmented based on component,
application, end-user and region. Based on component, the market is bifurcated
into hardware, software & services. Based on application, the market is
bifurcated into transmission lines, distribution lines. Based on end-user, the
market is bifurcated into public utility, private utility. Based on region, the
market is further bifurcated into North America, Asia-Pacific, Europe, South
America, Middle East & Africa.
Based on type, Water-tube segment is
expected to dominate the market during the forecast period. Water-tube boilers
provide superior control over steam quality and quantity. The segregated steam
and water spaces within the tubes enable precise regulation of steam purity,
which is critical in industries like power generation and chemical processing.
Water-tube boilers find application in both upstream and downstream operations
of the oil and gas sector, encompassing refining, enhanced oil recovery, and
steam-assisted gravity drainage (SAGD) processes. Additionally, industries such
as paper and pulp, food and beverage, and textile manufacturing employ
water-tube boilers for steam generation in diverse production processes. The
versatility of water-tube boilers allows for the utilization of a wide range of
fuel types, including coal, oil, natural gas, biomass, and even waste
materials. This adaptability empowers industries to select the most
cost-effective and environmentally friendly fuel source tailored to their
specific requirements.
Based on function, Hot Water segment is projected to dominate the market
throughout the forecast period. Hot water boilers can be designed to operate on
various fuel sources, including natural gas, oil, biomass, and waste materials.
This versatility enables industries to choose the most suitable and
cost-effective fuel type based on availability and environmental
considerations. The design of hot water boilers focuses on optimizing energy
efficiency through the use of heat exchangers, which transfer heat from
combustion gases to the water. This efficient heat transfer minimizes energy
waste and ensures a higher utilization of the fuel's energy content for water
heating. Hot water plays a vital role in the food and beverage industry, where
it is used for cleaning, sanitation, and cooking purposes. Processes such as
pasteurization and sterilization heavily rely on hot water. Similarly,
hospitals and healthcare facilities depend on hot water for sanitation,
sterilization, and the comfort of patients.
Key market players in the Global Industrial Boilers Market are:-
- Mitsubishi Heavy Industries
Marine Machinery & Equipment Co. Ltd.
- General Electric Company
- Harbin Power Equipment Co.
Ltd.
- IHI Corporation
- Babcock & Wilcox Co.
- Thermax Ltd.
- Doosan Heavy Industries
& Construction
- Dongfang Electric
Corporation Ltd.
- Bharat Heavy Electricals
Ltd.
- Robert Bosch GMBH
Download Free Sample Report
Customers can also request for 10% free customization on this report.
“Europe is expected to dominate the market during the forecast period. Europe
prioritizes the implementation of combined heat and power (CHP) systems that generate
heat and electricity from a single energy source. The integration of industrial
boilers with CHP systems enhances energy efficiency by utilizing waste heat to
generate electricity, resulting in reduced overall energy consumption. The
adoption of Industry 4.0 principles, such as digitalization and automation,
offers opportunities to optimize boiler performance, improve maintenance
strategies, and further decrease energy consumption.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Industrial Boilers Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028, Segmented By Type (Fire-tube, Water-tube and Others), By Function (Hot
Water and Steam), By Fuel Type (Natural Gas & Biomass, Oil and Coal), By
End User (Food & Beverages, Chemical, Oil & Gas, Manufacturing and
Others), By Region, Competition,” has
evaluated the future growth potential of Global Industrial Boilers Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Industrial Boilers Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States-
10170
Tel: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com