HOME Research Insight Contracts & Agreements and Expansions are the Strategies Adopted by key Companies in the Industrial Boilers Market



Contracts & Agreements and Expansions are the Strategies Adopted by key Companies in the Industrial Boilers Market


An industrial boiler is basically a closed vessel used to generate steam for various humidification and industrial heating applications. Industrial boilers are the machines used to generate heat on an industrial scale. Industrial boilers are used to provide heat to an area or power to a machine. The boilers which are used on an industrial scale tend to be much larger and have capacity of generating more heat than boilers used in commercial settings or residential. Major companies operating in the industrial boilers market include Siemens AG (Germany), AMEC Foster Wheeler (U.K.), Babcock & Wilcox (U.S.), GE (U.S.), A.C. Boilers S.p.A (Italy), IHI Corporation (Japan), and Mitsubishi Hitachi Power Systems, Ltd. (Japan). Global companies face tough competition from regional and local players. Regional players include companies, such as Dongfang Electric Corporation (China) Bharat Heavy Electrical Limited (India), and Harbin Electric Company (China), among others

Contracts & agreements and expansions are the strategies adopted by key companies in the industrial boilers market. These companies also invested in R&D activities to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position in the market.

Babcock & Wilcox Enterprises, Inc. (U.S.), is one of the leading producers of industrial boilers. The company focuses on contracts & agreement and is expanding its business in new geographies. This has helped the company expand to global footprint and tap the critically advantageous geographic regions that are witnessing rapid growth in the industrial boilers. In March 2016, the company signed a contract worth USD 80 million from a joint venture of Urbaser (U.K.) and Balfour Beatty (U.K.) for the supply of coal-fired boiler by POSCO Engineering and Construction Co. Ltd. (South Korea). In January 2016, the company signed a contract worth USD 90 million for waste to energy power plant in the U.K.

Dongfang Electric Corporation Ltd.  (China) is another major player in the industrial boilers market. The company focuses on contracts & agreements as a strategy to strengthen its market position. In July 2016, the company signed a contract with PT DSSP Power (DSSP), for the construction of Kalteng 2x100 MW coal fired power plant in Indonesia. This project is expected to help the company to build a good foundation for the long-term co-operative relationship between DEC and DSSP. In December 2015, Dongfang Electric Corporation Ltd. designed and delivered 350 MW supercritical CFB boilers to be used in Shanxi Power Plant, China.

Related Reports:

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 Region - Global Forecast to 2026

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