Steam Boilers to Dominate India Process Boiler and Heating Equipment through 2025
Growth
in end-user industries such as textiles, food processing and agro-based
industries coupled with government policies and initiatives to boost demand for
process boilers and heating equipment in India through 2025
According to a recently published TechSci Research report, “India
Process Boiler and Heating Equipment Market By Type, By Compliance, By Fuel
Type, By Region, Competition, Forecast & Opportunities, 2025’’ India
process boiler and heating equipment is expected to grow at a CAGR of around 6%
during forecast period to cross $ 194 million by 2025. The growth of the
market is driven by the strong growth in process industries such as textile and
agro-based industries which require steam and hot water for various applications.
Moreover, government policies such as National Manufacturing Policy (NMP) and
Make in India Initiative through which the government is incentivising the
local manufacturing units are further anticipated to drive demand for process
boilers and heating equipment across the country.
Browse 56 market data Figures and Tables spread
through 95 Pages and an in-depth TOC on " India
Process Boiler and Heating Equipment Market "
https://www.techsciresearch.com/report/india-process-boiler-and-heating-equipment-market/4067.html
Among
types, steam boilers accounted for the largest market share in India process
boiler and heating equipment market in 2019 and is likely to maintain its
dominance throughout the forecast period as well, on account of increasing
application of heat generating equipment in the process industries. Some of the major
companies operating in India process boiler and heating equipment market
include Thermax Limited, Cheema Boilers Limited, Forbes Marshall, Industrial
Boilers Limited, Thermodyne Engineering Systems, Energypack Boilers Pvt. Ltd.,
Shanti Boilers & Pressure Vessels Pvt. Ltd, Thermotech Systems Ltd., Heatex
Boilers (India) Pvt. Ltd., and Isotex Corporation Pvt. Ltd., among others.
Download Sample Report @
https://www.techsciresearch.com/sample-report.aspx?cid=4067
Customers can also request for 10% free
customization on this report.
“The rigorous attempt of the Indian
government to expedite the development of local manufacturing industries in the
country through various policies and initiatives such as the National
Manufacturing Policy, Make-In-India and setting up of Special Economic Zones
(SEZs) would spur the demand for steam boilers and process heating equipment in
the process industries such as textile manufacturing, food & beverages and
paper and pulp industry in the country. Moreover, increasing foreign direct investments
and promotion of small-scale industries would create a competitive space for
the smaller players which is likely to promote the growth in process boilers
and heating equipment market.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India
Process Boiler and Heating Equipment Market By Type, By Compliance, By Fuel
Type, By Region, Competition, Forecast & Opportunities, 2025’’ has evaluated the future growth potential
of India process boiler and heating equipment market and provides statistics
and 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 decision. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in India process boiler and heating equipment market.
About TechSci Research
TechSci Research is a
leading global market research firm publishing premium market research reports.
Serving 700 global clients with more than 600 premium market research studies,
TechSci Research is serving clients across 11 different industrial verticals.
TechSci Research specializes in research based consulting assignments in high
growth and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]