According to Stratistics MRC, the Global Steam Boiler System Market is accounted for $17.12 billion in 2017 and is expected to reach $26.59 billion by 2026 growing at a CAGR of 5.0% during the forecast period.
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Some of the key factors such as rising electricity demand, growing government initiatives and increasing demand for energy are driving the market growth. However, higher costs of installation and maintenance of these systems are hindering the market growth.
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A steam boiler is a device used to create steam by applying heat energy to water. The purpose of a steam boiler is for generating power in steam engines or steam turbines and in process industries for various processes. It is also used for heating the buildings in cold weather and for producing hot water for hot water supply. An industrial steam boiler is considered a crucial piece of equipment across many industries.
Based on Type, water-tube boiler segment held significant market share during the forecast period due to its higher efficiency and wide usage in large power plants. By geography, Asia Pacific acquired the largest market share owing to growing investments in power and demand for energy in developing countries, such as China and India over the forecast period.
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Some of the key players profiled in the market include Bosch, AMEC Foster Wheeler, Siemens, Mitsubishi, Zhengzhou Boiler (Group) Co. Ltd., Fulton Boiler Works Inc., Larsen and Toubro Limited, Thermodyne Engineering System, Forbes Marshall, Aalborg Engineering, Doosan Group, GE, Cleaver-Brooks, Hurst Boiler & Welding Company Inc., Alfa Laval, Viessmann, Vapor Power International and Rentech Boiler.
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Types Covered:
• Super Heater
• Fire-Tube Boiler
• Water-Tube Boiler
Components Covered:
• Economizer
• Air Preheater
• Boiler
• Feed Pump
• Superheater
Fuels Covered:
• Gas-Fired Steam Boiler
• Biomass-Fired Steam Boiler
• Coal-Fired Steam Boiler
• Oil-Fired Steam Boiler
• Electric Steam Boiler
End Users Covered:
• Chemical
• Primary Metal
• Thermal Power Plants
• Food
• Refineries
• Process Industry
• Pharmaceutical & Healthcare
• Other End Users
Applications Covered:
• Steam Engines (Locomotives)
• Cement Production
• Generators
• Agriculture
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
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– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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Source: MarketersMedia
Release ID: 465897
