Scope of the Study
The growing food industry will help to boost global boiler market in the forecasted period. A boiler is an enclosed vessel in which water is heated and circulated, either as hot water, steam, or superheated steam for the purpose of heating, powering, and/or producing electricity. System boilers work in the same way as conventional boilers, heating up hot water separately in a hot water cylinder. A system boiler is usually much faster and efficient than other boiler installations
The market study is being classified by Type (Oil Fired and Gas Fired), by Application (Food, Chemical, Refineries, Metals & Mining and Others) and major geographies with country level break-up. According to AMA, the Global Boiler System market is expected to see growth rate of 4.7%
Bosch Industriekessel (Germany), AC Boilers S.p.A (Italy), Babcock & Wilcox Enterprises, Inc. (United States), ATTSU Termica (Spain), Rentech Boilers (United States), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Byworth Boilers (United Kingdom), Danstoker Boilers (Denmark), Siemens AG (Germany) and Proodos Industrial Boilers (Greece) are some of the key players profiled in the study.
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that European Manufacturers will contribute to the maximum growth of Global Boiler System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Boiler System market by Type, Application and Region.
On the basis of geography, the market of Boiler System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Heating Requirements
- Growing Chemical Manufacturing Units, Oil and Gas Refineries, and Power Plants
- High Demand from Food Processing Sector
- Growing Demand in Relation to Clean Energy Generation
- High Installation and Maintenance Cost
- Boiler Efficiency and Steam Quality
- Increasing Power Generation Infrastuctre
- The Upsurging Demand due to the Use of Various End-User Industries
- Strict Emission Standards
Market Leaders and their expansionary development strategies
On 4th April 2019, Mitsubishi Hitachi Power Systems, Ltd. is bringing drone-inspection technologies to check out boilers and similar large-scale indoor structures.
Key Target AudienceBoiler System Manufactures, Boiler System Suppliers, Boiler System Distributors, Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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