CHICAGO, March 13, 2020 /PRNewswire/ -- According to the new market research report "Industrial Boilers Market by Fuel Type (Natural Gas & Biomass, Oil, Coal), Boiler Type (Fire-Tube, Water-Tube), Boiler Horsepower, End-Use Industry (Chemical, Food, Refineries, Metals & Mining), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Industrial Boilers Market in 2020 is estimated at USD 14.6 billion and is projected to reach USD 19.3 billion by 2025, at a CAGR of 5.7% from 2020 to 2025. Aging power generation infrastructure across the world and increasing use of natural gas as fuel for combustion are expected to fuel the growth of the industrial boilers market in order to provide high-quality steam.
Download PDF Brochure:
Browse in-depth TOC on "Industrial Boilers Market"
77 – Tables
46 – Figures
173 – Pages
View Detailed Table of Content Here:
Chemical segment is estimated to account for the largest share of the industrial boilers market
The chemical segment is estimated to lead the industrial boilers market in 2020, due to the rising demand for chemicals from emerging countries. The chemical segment is the largest end-use industry, owing to a large number of installations across the industry. Industrial boilers in the chemical industry are primarily used to provide large quantities of high-quality, high-temperature steam for production. The high level of efficiency, operational safety, and low capital outlay along with low and one-time capital investments have made industrial boilers an important component in chemical production processes.
Natural gas & biomass segment is estimated to witness the fastest growth in the industrial boilers market during the forecast period
Based on fuel type, the natural gas & biomass segment is expected to lead the industrial boilers market during the forecast period. Increasingly stringent environmental guidelines across developed and emerging economies, as well as the need to reduce dependence on coal, has accelerated the adoption and growth of the natural gas & biomass fuel type for combustion in industrial boilers.
Request Sample Pages:
Fire-tube segment is estimated to account for the largest share of the industrial boilers market
The fire-tube segment is estimated to account for the largest share of the industrial boilers market in 2020, due to the rising demand for large boilers to provide high pressure and temperature steam for industrial activities. Fire-tube industrial boilers are compact in construction and meet the fluctuating demand for steam more efficiently. Different types of fire-tube boilers such as Cornish boiler, Lancashire boiler, locomotive boiler, Scotch marine boiler, admiralty-type direct tube boiler, horizontal return tubular boiler, immersion fired boiler, and vertical fire-tube boiler are widely used for steam generation.
Key market players covered in this report include Babcock & Wilcox Enterprises, Inc. (US), Siemens AG (Germany), GE Power (US), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC Ltd.) (China), Bharat Heavy Electricals Limited (BHEL) (India), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), ANDRITZ AG (Austria), Thermax Limited (India), Robert Bosch GmbH (Germany), Sofinter Group (Italy), Cleaver-Brooks, Inc. (US), and Byworth Boilers Limited (UK), among others.
Get 10% Free Customization on this Research Report:
Browse Adjacent Markets: Equipment Machine and Tooling Market Research Reports & Consulting
Industrial Gaskets Market by Material (Semi-metallic, Non-metallic, Metallic), Product Type (Soft Gasket, Spiral Wound Gasket, Ring Joint Gasket), End-use Industry (Refineries, Power Generation, Chemical Processing), and Region - Global Forecast to 2022
Industrial DeNOx Systems & Services Market by Type (SCR & SNCR), by Application (Utilities & Industries), by Geography (Asia-Pacific, North America, Europe, & ROW) - Global Trends & Forecast to 2019
Industrial Catalyst Market by Type (Heterogeneous & Homogeneous), by Material (Metal, Chemical, Zeolites and Organometallic Materials), by Application and by Region - Global Trends and Forecasts to 2020
Industrial Cooling System Market by End User (Power Generation, Industrial Manufacturing, Petrochemical Processing, Food Processing & Storage, Petroleum & Natural Gas Refining, Pharmaceutical, Data Center), Type & by Region - Global Forecasts to 2021
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Sanjay Gupta
630 Dundee Road
Northbrook, IL 60062
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-boiler-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/industrial-boiler.asp