Industrial Boilers Global Market Report 2023: Focus on Sustainability and Energy Efficiency Drive Boiler Replacement Initiatives across the World

News provided by

Mar 14, 2023, 20:00 ET

DUBLIN, March 14, 2023 /PRNewswire/ -- The "Industrial Boilers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Industrial Boilers Market to Reach $25.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Industrial Boilers estimated at US$15.6 Billion in the year 2022, is projected to reach a revised size of US$25.8 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030.

Fire-Tube, one of the segments analyzed in the report, is projected to record 7.2% CAGR and reach US$16.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Water-Tube segment is readjusted to a revised 5.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.6 Billion, While China is Forecast to Grow at 6.1% CAGR

The Industrial Boilers market in the U.S. is estimated at US$4.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Select Competitors (Total 17 Featured) -

Acuity Brands Lighting Inc.
Bulbrite Industries Inc.
CNLIGHT Company Ltd.
Eaton Corporation plc
EYE Lighting International of North America Inc.
FSL Autotech Co. Ltd.
General Electric Company
Halonix Limited
Havells India Limited
Hella KGaA Hueck & Co.
Hubbell Lighting Inc.
Kensun Inc.
Koito Manufacturing Company Ltd.
NVC Lighting Technology Corporation
OSRAM GmbH
PIAA Corporation
Surya Roshni Ltd.
Tridonic GmbH & Co KG
Universal Lighting Technologies Inc.
USHIO America Inc.
Valeo SA

What`s New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Industrial Boilers: Reliable, Efficient, and Providing an Incredible Level of Performance Possibilities
Major Industrial Boiler Trends Summarized
Recent Market Activity
Global Market Outlook
While Fiscal Cliff Concerns Recede to Background, Improving Economy Bodes Well for Market Adoption
Industrial Boilers - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Growing Prominence of Smart Boilers with Reduced Emissions, Decreased Maintenance Costs, and Improved Reliability Drives Healthy Market Growth
Novel Smart Technology to Monitor Boiler Water Level
Smart Way to Achieve Boiler Efficiency in Fruit/Vegetable Processing Plants
Focus on Sustainability and Energy Efficiency Drive Boiler Replacement Initiatives across the World
Retrofitting Existing Boilers with Advanced Components
Migrating towards Liquid Wood
Limiting NOx Emissions
Using Fully Metered or Parallel Positioning Systems
O2 Trim System and Variable Frequency Fan Drive (VFD)
Benefits of Fully Metered or Parallel Positioning Systems
Improving Iron and Steel Production Drives Demand for Industrial Boilers
Growing Construction Activity Worldwide Boost Prospects for Boilers in Building Materials Production
Stability in Global Manufacturing PMI Signals Growth Opportunities
Safety Attribute of Water Tube Boilers Drive Higher Adoption than Conventional Fire Tube Boilers
Increasing Global Investments on Oil & Gas Infrastructure Provides the Perfect Platform for Market Expansion
Superior Attributes of Circulating Fluidized Bed (CFB) Boilers over Pulverized Coal (PC) Technology Drive Demand
Benefits of CFB Boiler Technology
CFB Technology's Place in the Global Renewables Landscape
CFB Option Provides Optimal Value
Asia-Pacific: The CFB Boiler Market with the Highest Growth Potential
Spearheaded by China, Waste Heat Boilers Make a Strong Comeback
Energy Efficiency Remain Major Cost Driver for Industrial Boilers
Fuel Diversification Trend to Strongly Influence Industrial Boiler Market
Developing Countries: Primary Drivers of Growth
Migration from Coal to Natural Gas Fuel Presents Numerous Challenges
Multi-Fuel Boilers Become a Necessity for Optimizing Power Consumption
Multi-fuel Operation Poses Challenges for Boiler Operators
Heating Equipment in Key High Growth
Application Industries
Chemical Industry
Food Industry
Breweries & Distilleries
Paper & Pulp Industry
Laundries
Sewer Pipe Rehabilitation
Pharmaceuticals
Fertilizers
Textiles
Technology Advancements Enhance Boiler Energy Efficiency
Condens 7000 F: Innovative Simplification of Commercial Boiler Installations
New Innovative Boilers with On-Demand Technology and QSX Program
Innovative Digital Efficiency Assistant for Steam Boilers
New Boiler Technologies from Bosch
Connectivity and Control

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/wjio0w

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]

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

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-17

SOURCE Research and Markets