June 13, 2018 - 10:30 AM EDT
Print Email Article Font Down Font Up
Industrial Boilers Market Worth 17.18 Billion USD by 2023

PUNE, India, June 13, 2018 /PRNewswire/ --

The report "Industrial Boilers Market by Type (Fire-tube, Water-tube), Fuel Type (Natural Gas & Biomass, Oil, Coal), End-Use Industry (Chemical, Food, Refineries, Metals & Mining), Boiler Horsepower, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Industrial Boilers Market is estimated to be USD 13.07 Billion in 2018 and is projected to reach USD 17.18 Billion by 2023, at a CAGR of 5.6% between 2018 and 2023. Factors such as increasing demand from the food industry and growing demand for compact designs and lean operations influence the Industrial Boilers Market. The shift toward high-performance boilers based on natural gas will have a positive impact on the Industrial Boilers Market.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 84 market data Tables and 57 Figures spread through 144 Pages and in-depth TOC on "Industrial Boilers Market"

Early buyers will receive 10% customization on this report

Fire-tube type segment to lead the Industrial Boilers Market by 2023 

By type, the fire-tube segment is estimated to account for the largest share of the Industrial Boilers Market in 2018 and is projected to dominate the market by 2023. Fire-tube boilers have compact designs and largely run on natural gas and oil, which are the major fuels preferred globally. Fire-tube boilers are also more fuel efficient and have lean operations in comparison to water-tube boilers.

Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=130210505

Natural gas & biomass segment to lead the Industrial Boilers Market by 2023 

By fuel type, the natural gas & biomass segment is estimated to account for the largest share of the Industrial Boilers Market in 2018 and is projected to dominate the market by 2023. Natural gas & biomass-based boilers are capturing the Industrial Boilers Market and are amongst the first choices to replace coal-based boilers in developed countries. The US and UK have stopped constructing new coal-based power plants and industrial boilers and are replacing the old ones with natural gas-fired industrial boilers. The natural gas & biomass-based industrial boilers are also used in developing countries like Saudi Arabia, the UAE, Egypt, and Nigeria due to easy availability of natural gas and oil.

Asia Pacific to lead the global Industrial Boilers Market during the forecast period 

Asia Pacific is estimated to account for the largest share of the global Industrial Boilers Market by 2023, followed by Europe and North America. China and India are among the major consumers of industrial boilers in the Asia Pacific region with increasing expansion of end-use industries resulting in the demand for industrial boilers. This region also witnesses increasing investments for industrial boilers from global and existing players. These players are also planning huge capacity expansions in the next few years owing to increasing demand for industrial boilers from end-use industries, such as chemical, food, metals & mining, and refineries.

Major market players covered in this report include Babcock & Wilcox (US), Dongfang (China), Siemens (Germany), General Electric (US), AC Boilers (Italy), Bharat Heavy Electricals Limited (India), Harbin Electric Group (China), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems (Japan), and Thermax (India), among others.

Know more about Industrial Boilers Market:

About MarketsandMarkets™  

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. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets

Source: PR Newswire (June 13, 2018 - 10:30 AM EDT)

News by QuoteMedia

Legal Notice