Industrial boiler markets in advanced economies, particularly the United States, surged to life in recent years, fueled by regulatory changes, needed replacements for aging and exceptionally old boilers, and in some areas a resurgence in baseline industrial growth.
These factors, along with continued growth in demand in developing and transition economies, have driven strong demand. Yet, as recently as 2016 and 2017, some signs of market softening became evident, and the near-term future of industrial boiler markets became less certain.
Boilers form a process backbone in nearly all categories of manufacturing and other industry, including manufacturing, oil and gas, raw materials, pulp and paper, chemicals, energy, and an array of other industries. In this way, industrial boilers are critical to continued global economic production and development.
Regional variability in demand for industrial boiler upgrades, replacements, and new installations has led to varying rates of market expansion and growth that on first glance can appear to be difficult to predict.
However, closer inspection reveals that industrial boiler markets vary regionally based on select key factors, including current trends in the industry, local and regional industrial development, regulatory conditions including increasingly stringent air emissions restrictions in some areas or relaxation of emissions requirements in others, and shifts in energy supply and cost.
Developing markets will continue to show the greatest potential for growth, while unexpected opportunities in mature economies are supporting renewed productivity and further increases in growth in select countries. The onset of protectionist attitudes toward international trade also has the potential for changes in global sales patterns for industrial equipment, including boilers.
Regulations also drive markets in some areas. Increasing restrictions on air or water emissions can push existing boiler owners to retrofit or upgrade. Industrial boilers with higher efficiency have lower energy costs and also lower greenhouse gas emissions.
New regulations in China and Southeast Asia also show potential to influence markets. But what is the timing for these influences, and will they support boiler replacement as strongly as air pollutant or greenhouse gas emissions regulations in the U.S. and Europe?
Sluggish European economic development since the Great Recession has slowed boiler market growth in that region for many years, but growth has increased disproportionately in other regions - and the European market may be showing signs of a restart.
Also, increased demand for efficient boiler systems is apparent across an increasingly large area of the world. But what do these and other trends affecting global industrial boiler markets mean for individual companies within the boiler industry?
Steam-producing boilers will continue to carry a much larger share of the global market, but hot water boilers will grow faster on a percentage-basis.
Key Topics Covered
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Intended Audience
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
Custom Research
Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Boiler Capacity: Key Terminology
Industrial Boilers: A Brief History
Industrial Boiler Technologies and Classifications
Firetube Boilers
Watertube Boilers
Waterwall Boilers
Oil and Gas Boilers
Solid Fuel Boilers
Hot Water or Steam Boilers
Boiler Fluids
Package and Engineered Boilers
Pressure
Industrial Boiler Auxiliary Systems
Industrial Boiler Efficiency
Boiler Efficiency Overview
Maximum Continuous Rating and Average Annual Rating
Industrial System Efficiency
Industrial Boiler Applications and Capacity
Emerging Technologies and Developments
Technologies Not Considered
Chapter 4 Regulatory Considerations
North America
U.S. EPA Boiler MACT
U.S. EPA NESHAP
New-Source Performance Standards
Canadian Council of Ministries of the Environment
Canadian Multi-Sector Air Pollutants Regulations (SOR/2016-151)
Greenhouse Gas Emissions Regulations
Water Quality Regulations
North America Analysis
Europe
European Energy Efficiency and Greenhouse Gas Emissions
European Air Emission Standards
Pressure Equipment Directive 2014/68/EU
Europe Analysis
Asia
China
Japan
India and Southeast Asia
Asia Analysis
Chapter 5 Industrial Boilers: Global Market Summary
Scope of the Market Analysis
Industrial Boilers Global Summary
Chapter 6 Global Markets for Waterwall Boilers
North America
Europe
Asia
Waterwall Boilers Global Summary
Chapter 7 Global Markets for Watertube Boilers
North America
Europe
Asia
Watertube Boilers Global Summary
Chapter 8 Global Markets for Firetube Boilers
North America
Europe
Asia
Firetube Boilers Global Summary
Chapter 9 Global Markets for Fluidized Bed Boilers
North America
Europe
Asia
Fluidized Bed Boilers Global Summary
Chapter 10 Global Markets for Hot Water Boilers
North America
Europe
Asia
Hot Water Boilers Global Summary
Chapter 11 Analysis of Industry Trends and Market Opportunities
Industrial Boiler Supply Chains
Industry Organizations
Key Trends Influencing Markets
Retrofit Market in Key Developed Nations
Manufacturing Growth Drives Markets in Developing Nations
Regulatory Concerns
Common Areas of Boiler System Improvement
Retrofit Financing
Quest for Energy Efficiency
Environmental and Permitting Requirements and Trends
Trends in Fuel Source
Boiler Maintenance
Possibility that Manufacturing Growth Might Drive Markets in the U.S.
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: HVAC (Heating, Ventilation, and Air Conditioning), Heat Exchangers and Cooling Towers
Source: GlobeNewswire
(December 5, 2018 - 9:42 AM EST)
