Industry Background:
Recovery boilers are the equipment used in the paper pulp industry, chemical processing, liquor processing, etc, there are types of recovery boiler which includes soda, kraft, chemical, and heat boilers. It is basically used for recovering the inorganic chemical as smelt and burns the organic chemical so that the pollutants are out discharged in the air and it also recovers the heat of combustion in teh form of steam.This growth is primarily driven by Growing Demand for Recovery Boiler for Safety and Efficient Chemical Process and Need for Reliability in Operation and Construction Activities.
Globally, a noticeable market trend is evident Increasing Use of Soda Recovery Boilers and Kraft Recovery Boilers. Major Manufacturers, such as Valmet Oyj (Finland), Mitsubishi Power, Ltd. (Japan), Andritz Oy (Finland), Rockwell Automation, Inc. (United States), Solenis (United States), Kawasaki Heavy Industries, Ltd. (Japan), Babcock & Wilcox Enterprises Inc., (United States), KNM Group (Malaysia), Metso Oyj (Finland) and Indeck Power Equipment Company (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28th September 2020, ANDRITZ has acquired the Finnish company Enviroburners Oy, which designs and manufactures advanced industrial burner solutions for energy production and environmental protection. The acquisition includes all of Enviroburners’ intellectual property rights, technical expertise, tools, systems, and inventory. Enviroburners supplies industrial burners, burner upgrade parts, and services that strengthen ANDRITZ’s self-sustainability and reliability in the area of burners.
On 25th September 2020, Mitsubishi Power, Ltd., a major subsidiary of Mitsubishi Heavy Industries Group, is broadening it's digital and services businesses by expanding its Boiler Smart Inspection offering, part of the company’s suite of TOMONI digital solutions. The service package, which enables easier planning and implementation of maintenance work at power generation facilities, will be introduced across more customers in the petroleum and chemical industries as well as power providers, both in Japan and overseas.
Market Drivers
- Growing Demand for Recovery Boiler for Safety and Efficient Chemical Process
- Need for Reliability in Operation and Construction Activities
Market Trend
- Increasing Use of Soda Recovery Boilers and Kraft Recovery Boilers
Restraints
- Corrosion Related Risk Associated with Recovery Boilers
Opportunities
Technological Advancements in the Recovery Boilers and Surging Demand for Recovery Boilers in the Liquor Industry
Challenges
High-Cost Investment Maintenance and Handling of Recovery Boilers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Recovery Boilers Study Sheds Light on
The Recovery Boilers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Recovery Boilers industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Recovery Boilers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.