Industrial Boilers Market to Raise Steady at 5.6% CAGR to 2023, Led by (Chemical, Food, Refineries, Metals & Mining) End Users

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Jun 25, 2018, 08:00 ET

PUNE, India, June 25, 2018 /PRNewswire/ --

ReportsnReports.com adds the global industrial boilers market is estimated at 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, growing demand for compact designs and lean operations, increasing use of natural gas in industrial activities.

Browse 84 Market Data Tables and 57 Figures spread through 144 Pages and In-depth TOC on "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" at http://www.reportsnreports.com/reports/783645-industrial-boilers-market-by-end-use-industry-food-chemical-refineries-primary-metal-type-water-tube-fire-tube-boiler-horsepower-10bhp-150bhp-151bhp-300bhp-and-301bhp-600bhp-fuel-type-coal-gas-and-st-to-2026.html .

Some of major companies profiled in industrial boilers market 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).

The industrial boilers market has been segmented into 10-150BHP, 151-300BHP, and 301-600BHP. The market is projected to be dominated by the 10-150BHP segment by 2023, as most of the food and chemical industries prefer boilers in the 10-150BHP range.

Study aims to estimate the industrial boilers market size for 2018 and projects its demand till 2023. It also provides a detailed qualitative and quantitative analysis of the industrial boilers market. Various secondary sources, including directories, industry journals, various associations, and databases (such as American Boiler Manufacturers Association, Canadian Boiler Society, Council of Industrial Boiler Owners) have been used to identify and collect information useful for this extensive commercial study of the industrial boilers market.

Order Now Research Copy of "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" Report at http://www.reportsnreports.com/purchase.aspx?name=783645 .

Major growth drivers for industrial boilers market include increasing demand from the food industry in emerging regions, such as Asia Pacific. Factors such as increasing demand for natural gas-fired boilers and government initiatives to promote clean energy and reduce dependency on fossil fuel directly or indirectly influence the industrial boilers market.

Key Target Audience

Manufacturers of Industrial Boilers
Traders, Distributors, and Suppliers of Industrial Boilers
End-Use Industries operating in the Industrial Boilers Supply Chain
Government and Research Organizations
Associations and Industrial Bodies
Research and Consulting Firms
R&D Institutions
Environment Support Agencies
Investment Banks and Private Equity Firms

The industrial boilers market in the Asia Pacific region is anticipated to grow at the highest CAGR between 2018 and 2023. Asia Pacific is a leading market for industrial boilers mainly due to rising industrialization of the region's emerging economies, such as China, India, and ASEAN countries. The region is a major consumer of boilers, which are used in the food, chemical, refining, and metals & mining industries.

Industrial boilers market was dominated by the natural gas & biomass segment, as most of the end-use industries, such as chemical, metals & mining, and food are moving toward adopting natural gas as their primary fuel. Natural gas is slowly capturing the industrial boilers market as primary fuel and is amongst the first choices to replace coal in developed countries.

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The industrial boilers market has been segmented on the basis of end-use industry into food, chemical, refineries, metals & mining, and others. The chemical industry segment dominated the global industrial boilers market in 2017. The food segment is expected to grow at the highest CAGR from 2018 to 2023 with increasing expansions from processed food, dairy, and beverage companies.

The primary interviews conducted for this report can be categorized as follows:

By Company Type: Tier 1 - 10%, Tier 2 - 40%, and Tier 3 - 50%
By Designation: C Level - 45%, Director Level - 23%, and Others - 32%
By Region: Europe - 21%, North America - 16%, Asia Pacific - 53%, and Middle East & Africa -10%

Another research titled boiler water treatment chemicals market is projected to grow from USD 2.68 billion in 2017 to USD 4.35 billion by 2022, at a CAGR of 10.1% from 2017 to 2022.The increasing demand for chemically treated boiler water from various end users is expected to drive the growth of the boiler water treatment chemicals market across the globe during the forecast period. The report profiles leading players in the boiler water treatment chemicals market that include BASF (Germany), Ecolab (U.S.), Kemira (Finland), Solenis (Finland), Kurita (Japan), SUEZ (France), Arkema (France). The report also includes competitive strategies adopted by these key players to strengthen their position in the boiler water treatment chemicals market now available with discount at http://www.reportsnreports.com/contacts/discount.aspx?name=1234008 .

Explore More Reports on Chemicals Domain at http://www.reportsnreports.com/market-research/chemicals/ .

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