Industrial Boilers Market by Fuel Type (Natural Gas & Biomass, Oil, Coal), Boiler Type (Fire-Tube, Water-Tube), Boiler Horsepower, End-Use Industry (Chemical, Food, Refineries, Metals & Mining), and Region - Global Forecast to 2025
[173 Pages Report] In 2020, the industrial boilers market is estimated at USD 14.6 billion and is projected to reach USD 19.3 billion by 2025, at a CAGR of 5.7% from 2020 to 2025. Rising demand for industrial boilers from the food & beverage industry and high demand for clean technology in the chemical end-use industry have been the major drivers for the growth of the industrial boilers market.
Based on end-use industry, the chemical segment is projected to lead the market during the forecast period
The chemical segment was the largest end-use industry in the global industrial boilers market in 2019 and projected to continue the growth until 2025, owing to the increasing demand for high-quality steam for the production of chemicals such as petrochemicals, industrial gases, alkali and chlorine, synthetic rubber, synthetic organic fibers, and agricultural chemicals (fertilizers and pesticides). Emerging countries, such as India and China, are the most lucrative markets for energy consumption in the chemical industry, which is driving the growth of the industrial boilers market in the chemical segment.
Based on boiler horsepower, 10-150 BHP segment is projected to lead the industrial boilers market during the forecast period
The 10-150 BHP is projected to lead the boiler horsepower segment in the industrial boilers market in 2020. Industrial boilers ranging from 10 BHP to 150 BHP are small-sized boilers, which are installed across end-use industries for steam and hot water applications. They are majorly available in standard designs and require very low customizations in boilers.
Based on fuel type, the coal segment is projected to lead the industrial boilers market during the forecast period
Natural gas & biomass was the largest fuel type segment in the industrial boilers market, and it is estimated to lead the market during the forecast period as well. Natural gas-fired boilers are most widely used in western countries because of their easy availability and regulatory guidelines with respect to CO2 emissions. With increasingly stringent environmental regulations in developed countries, the natural gas & biomass segment is expected to grow at a rapid pace during the forecast period.
Asia Pacific is expected to witness the highest growth in the industrial boilers market during the forecast period
The industrial boilers market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. Growth can be attributed to the high demand for industrial boilers in countries such as China, India, and Japan to meet the rising demand for heat energy across end-use industries. The region being the largest consumer in the chemical industry, offers high-growth opportunities for industrial boilers for providing high pressure and temperature steam. In addition, rapidly increasing population and urban lifestyle are increasing the consumption of processed and packaged food products, which is estimated to fuel the growth of the food segment in the Asia Pacific industrial boilers market.
Key Market Players
Babcock & Wilcox Enterprises, Inc. (US), Siemens AG (Germany), GE Power (US), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC Ltd.) (China), Bharat Heavy Electricals Limited (BHEL) (India), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), ANDRITZ AG (Austria), Thermax Limited (India), Robert Bosch GmbH (Germany), Sofinter Group (Italy), Cleaver-Brooks, Inc. (US), and Byworth Boilers Limited (UK), among others, are the major players in the industrial boilers market. These players have been focusing on strategies such as contracts, agreements, expansions, acquisitions, partnerships, and new product developments, which have helped them expand their businesses in untapped and potential markets. They have also been adopting various organic and inorganic growth strategies, such as contracts, new product developments, acquisitions, and expansions, to enhance their current positions in the industrial boilers market.
Scope of the Report:
|
Report Metric |
Details |
|
Market size available for years |
20182025 |
|
Base year considered |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Value (USD billion) |
|
Segments covered |
Boiler Type, Fuel Type, Boiler Horsepower, End-use Industry, and Region |
|
Regions covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Companies covered |
Babcock & Wilcox Enterprises, Inc. (US), Siemens AG (Germany), GE Power (US), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC Ltd.) (China), Bharat Heavy Electricals Limited (BHEL) (India), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), ANDRITZ AG (Austria), Thermax Limited (India), Robert Bosch GmbH (Germany), Sofinter Group (Italy), Cleaver-Brooks, Inc. (US), Byworth Boilers Limited (UK), and others Total 16 major players covered |
On the basis of fuel type, the industrial boilers market is segmented as follows:
- Natural Gas & Biomass
- Coal
- Oil
- Others
On the basis of boiler type, the industrial boilers market is segmented as follows:
- Fire-tube
- Water-tube
On the basis of boiler horsepower, the industrial boilers market is segmented as follows:
- 10-150 BHP
- 151-300 BHP
- 301-600 BHP
On the basis of end-use industry, the industrial boilers market is segmented as follows:
- Chemical
- Food
- Refineries
- Metals & Mining
- Others
On the basis of region, the industrial boilers market is segmented as follows:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Key questions addressed by the report
- What are the future revenue pockets in the industrial boilers market?
- Which key developments are expected to have a long-term impact on the industrial boilers market?
- How is the current regulatory framework expected to impact the market?
- What will be the future product mix of the industrial boilers market?
- What are the prime strategies of leaders in the industrial boilers market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 19)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Market Scope
1.2.2 Years Considered for the Study
1.3 Currency
1.4 Stakeholders
1.5 Limitations
2 Research Methodology (Page No. - 22)
2.1 Market Definition and Scope
2.2 Base Number Calculation
2.3 Forecast Number Calculation
2.4 Market Engineering Process
2.4.1 Top-Down Approach
2.4.2 Bottom-Up Approach
2.5 Assumptions
2.6 Research Data
2.6.1 Secondary Data
2.6.1.1 Key Data From Secondary Sources
2.6.2 Primary Data
2.6.2.1 Key Data From Primary Sources
2.6.2.2 Breakdown of Primary Interviews
2.6.2.3 Key Industry Insights
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 35)
4.1 Attractive Opportunities in the Industrial Boilers Market
4.2 Industrial Boilers Market, By Fuel Type & Boiler Type
4.3 Industrial Boilers Market, By Country
5 Market Overview and Industry Trends (Page No. - 37)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Industrial Boilers From the Food & Beverage Industry
5.2.1.2 High Demand for Clean Technology in the Chemical End-Use Industry
5.2.1.3 Increasing Demand for Electricity
5.2.2 Restraints
5.2.2.1 Significant Capital Investment and High Cost of Installation
5.2.3 Opportunities
5.2.3.1 Aging Power Generation Infrastructure
5.2.3.2 Increasing Use of Natural Gas
5.2.3.3 Increasing Demand for Compact Designs and Lean Operations
5.2.4 Challenges
5.2.4.1 Boiler Efficiency and Steam Quality
5.2.4.2 Strict Emission Standards
5.3 Industrial Boilers Market: Trends
5.4 Value Chain Analysis
5.5 Porters Five Forces Analysis
5.5.1 Bargaining Power of Buyers
5.5.2 Bargaining Power of Suppliers
5.5.3 Threat of New Entrants
5.5.4 Threat of Substitutes
5.5.5 Intensity of Competitive Rivalry
5.6 Macroeconomic Indicators
5.6.1 Chemical
5.6.2 Energy & Power
6 Industrial Boilers Market, By Fuel Type (Page No. - 49)
6.1 Introduction
6.2 Natural Gas
6.2.1 Natural Gas-Fired Industrial Boilers are A Major Substitute for Conventional Fuel
6.3 Coal
6.3.1 Asia Pacific is the Largest Market for Coal-Fired Industrial Boilers
6.4 Oil
6.4.1 High Availability of Crude Oil in Asia Pacific is Expected to Drive Growth of the Market
6.5 Others
6.5.1 High Demand for Industrial Boilers Fired With Propane, Butane, and Wood in Asia Pacific is Expected to Drive the Other Fuel Type Segment
7 Industrial Boilers Market, By Boiler Type (Page No. - 55)
7.1 Introduction
7.2 Fire-Tube
7.2.1 Fire-Tube Boilers are Highly Preferred
7.3 Water-Tube
7.3.1 Asia Pacific is the Largest Market for Water-Tube Industrial Boilers
8 Industrial Boilers Market, By Boiler Horsepower (Page No. - 59)
8.1 Introduction
8.2 10-150 BHP
8.2.1 Asia Pacific is the Largest Market for 10-150 BHP Industrial Boilers
8.3 151-300 BHP
8.3.1 Asia Pacific is Estimated to Register High Growth During the Forecast Period
8.4 301-600 BHP
8.4.1 Increasing Demand for High Pressure Steam Output is Driving the Growth of the Segment
9 Industrial Boilers Market, By End-Use Industry (Page No. - 63)
9.1 Introduction
9.2 Chemical
9.2.1 High Demand for Bulk Chemicals in Emerging Countries is Driving the Growth of the Chemical Segment in the Market
9.3 Food
9.3.1 Increasing Demand for Packaged Food is Expected to Fuel the Growth of the Food Segment in the Industrial Boilers Market
9.4 Refineries
9.4.1 CFBC Industrial Boilers are Widely Being Adopted in Refineries
9.5 Metals & Mining
9.5.1 High Pressure and Temperature Requirements in the Steel Industry to Drive the Growth of the Metals & Mining Segment
9.6 Others
9.6.1 Asia Pacific is the Largest Market for Other End-Use Industries in the Industrial Boilers Market
10 Regional Analysis (Page No. - 70)
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Country
10.2.2 By Fuel Type
10.2.3 By Boiler Type
10.2.4 By Boiler Horsepower
10.2.5 By End-Use Industry
10.2.6 China
10.2.6.1 Rising Demand for Ammonia and Methanol in Chemical Applications Drives the Growth of the Industrial Boilers Market in China
10.2.7 India
10.2.7.1 Increased Manufacturing Activities are Contributing to the Growth of the Industrial Boilers Market in India
10.2.8 Japan
10.2.8.1 Growing Use of Boilers in the Chemical End-Use Industry to Drive the Growth of the Industrial Boilers Market in Japan
10.2.9 South Korea
10.2.9.1 Increasing Presence of Chemical Manufacturers Expected to Drive the Growth of the Industrial Boilers Market in South Korea
10.2.10 Malaysia
10.2.10.1 Rising Demand for Food Products is Expected to Drive the Industrial Boilers Market in Malaysia
10.2.11 Australia
10.2.11.1 Growth of the Chemical Industry is Fueling the Demand for Industrial Boilers in Australia
10.2.12 New Zealand
10.2.12.1 Growing Demand From the Chemical Industry Expected to Fuel the Industrial Boilers Market in New Zealand
10.2.13 Rest of Asia Pacific
10.2.13.1 Growth in the Manufacturing Sector to Drive the Industrial Boilers Market in the Rest of Asia Pacific
10.3 Europe
10.3.1 By Country
10.3.2 By Fuel Type
10.3.3 By Boiler Type
10.3.4 By Boiler Horsepower
10.3.5 By End-Use Industry
10.3.6 Germany
10.3.6.1 Presence of Leading Manufacturers of Industrial Boilers in Germany Driving the Growth of the Market
10.3.7 UK
10.3.7.1 Discontinuation of Coal-Fired Industrial Boilers to Boost Demand for Natural Gas-Fired Industrial Boilers in the UK
10.3.8 France
10.3.8.1 Rising Demand From the Chemical Industry Drives the Growth of the Industrial Boilers Market in France
10.3.9 Russia
10.3.9.1 Growing Demand for Industrial Boilers in the Food End-Use Industry Expected to Drive the Market in Russia
10.3.10 Italy
10.3.10.1 Growth of Food End-Use Industry is Expected to Drive the Industrial Boilers Market in Italy
10.3.11 Belgium
10.3.11.1 Demand for Processed Food Products is Expected to Drive the Industrial Boilers Market in Belgium
10.3.12 Spain
10.3.12.1 Growing Demand for Industrial Boilers for Processing Dairy and Meat Products to Fuel Food Segment in Spain
10.3.13 Rest of Europe
10.3.13.1 Demand for Industrial Boilers From Chemical and Food Segments Drives the Market in Rest of Europe
10.4 North America
10.4.1 By Country
10.4.2 By Fuel Type
10.4.3 By Boiler Type
10.4.4 By Boiler Horsepower
10.4.5 By End-Use Industry
10.4.6 Us
10.4.6.1 Increasing Chemical Production to Drive Chemical End-Use Industry in the US Industrial Boilers Market
10.4.7 Canada
10.4.7.1 Significant Presence of Food Processing Companies to Drive the Growth of the Industrial Boilers Market in Canada
10.4.8 Mexico
10.4.8.1 Rising Demand From the Chemical Segment Boosts the Growth of the Industrial Boilers Market in Mexico
10.5 Middle East & Africa
10.5.1 By Country
10.5.2 By Fuel Type
10.5.3 By Boiler Type
10.5.4 By Boiler Horsepower
10.5.5 By End-Use Industry
10.5.6 Saudi Arabia
10.5.6.1 Rising Thermal Energy Consumption in the Chemical End-Use Industry is Expected to Drive the Market in Saudi Arabia
10.5.7 Iran
10.5.7.1 Rise in the Demand for Chemicals and Petrochemicals Expected to Drive the Growth of the Chemical End-Use Industry in Iran
10.5.8 UAE
10.5.8.1 Increasing Demand for Basic Chemicals, Polymers, and Fertilizers is Expected to Fuel the Growth of the Chemical Segment in the UAE
10.5.9 South Africa
10.5.9.1 The Growth of the Manufacturing Sector is Expected to Drive the South Africa Industrial Boilers Market
10.5.10 Rest of Middle East & Africa
10.5.10.1 Increasing Demand for Industrial Chemicals and Fertilizers is Driving the Growth of the Chemical Segment in the Industrial Boilers Market in the Rest of Middle East & Africa
10.6 South America
10.6.1 By Country
10.6.2 By Fuel Type
10.6.3 By Boiler Type
10.6.4 By Boiler Horsepower
10.6.5 By End-Use Industry
10.6.6 Brazil
10.6.6.1 Need to Increase Chemical Output Drives the Market in Brazil
10.6.7 Argentina
10.6.7.1 Demand From Food End-Use Industry to Drive the Growth of the Market in Argentina
10.6.8 Colombia
10.6.8.1 Increasing Demand for Boilers for Industrial Activities to Drive the Growth of the Industrial Boilers Market in Colombia
10.6.9 Peru
10.6.9.1 Growth in the Manufacturing Sector is Expected to Drive the Growth of the Market in Peru
10.6.10 Rest of South America
10.6.10.1 Food End-Use Industry is Expected to Drive the Growth of the Market in the Rest of South America
11 Competitive Landscape (Page No. - 109)
11.1 Introduction
11.2 Competitive Leadership Mapping
11.2.1 Visionary Leaders
11.2.2 Innovators
11.2.3 Dynamic Differentiators
11.2.4 Emerging Companies
11.2.5 Strength of Product Portfolio
11.2.6 Business Strategy Excellence
11.3 Market Share of Key Players in the Industrial Boilers Market
12 Company Profiles (Page No. - 114)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning imperatives, Current Focus and Strategies, Right to Win)*
12.1 Babcock & Wilcox Enterprises, Inc.
12.2 GE Power
12.3 Siemens AG
12.4 John Wood Group PLC
12.5 Dongfang Electric Corporation Limited (Dec LTD.)
12.6 Mitsubishi Hitachi Power Systems, LTD.
12.7 Thermax Limited
12.8 Sofinter Group
12.9 Bharat Heavy Electricals Limited (BHEL)
12.10 Harbin Electric Company Limited
12.11 IHI Corporation
12.12 Alfa Laval AB
12.13 Andritz AG
12.14 Robert Bosch GmbH
12.15 Cleaver-Brooks, Inc.
12.16 Byworth Boilers Limited
12.17 Other Key Players
12.17.1 AB&CO Group
12.17.2 Bryan Steam LLC
12.17.3 Cochran LTD
12.17.4 Forbes Marshall Private Limited
12.17.5 The Fulton Companies
12.17.6 Vapor Power International, LLC
12.17.7 Superior Boiler Works Inc.
12.17.8 Hurst Boiler & Welding Company, Inc.
12.17.9 Johnston Boiler Company
12.17.10 Parker Boiler Company
12.17.11 Rentech Boiler Systems, Inc.
12.17.12 Suzhou Hailu Heavy Industry Co. LTD.
13 Appendix (Page No. - 164)
13.1 Excerpts From Expert Interviews
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (77 Tables)
Table 1 Top 10 Natural Gas Producers in the World (2018)
Table 2 Global Air Pollutant Emission Limits
Table 3 Crude Oil Production, 20142018 (Metric Tons)
Table 4 Primary Energy Consumption, 20142018 (Million Tons Oil Equivalent)
Table 5 Industrial Boilers Market, By Fuel Type, 20182025 (USD Million)
Table 6 Natural Gas & Biomass-Fired Industrial Boilers Market Size, By Region, 20182025 (USD Million)
Table 7 Coal-Fired Industrial Boilers Market Size, By Region, 20182025 (USD Million)
Table 8 Oil Industrial Boilers Market Size, By Region, 20182025 (USD Million)
Table 9 Other Industrial Boilers Market Size, By Region, 20182025 (USD Million)
Table 10 Industrial Boilers Market, By Boiler Type, 20182025 (USD Million)
Table 11 Industrial Boilers Market Size for Fire-Tube, By Region, 20182025 (USD Million)
Table 12 Industrial Boilers Market Size for Water-Tube, By Region, 20182025 (USD Million)
Table 13 Industrial Boilers Market Size, By Boiler Horsepower, 20182025 (USD Million)
Table 14 Industrial Boilers Market Size for 10-150 BHP, By Region, 20182025 (USD Million)
Table 15 Industrial Boilers Market Size for 151-300 BHP, By Region, 20182025 (USD Million)
Table 16 Industrial Boilers Market Size for 301-600 BHP, By Region, 20182025 (USD Million)
Table 17 Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 18 Industrial Boilers Market Size for Chemical, By Region, 20182025 (USD Million)
Table 19 Industrial Boilers Market Size for Food, By Region, 20182025 (USD Million)
Table 20 Industrial Boilers Market Size for Refineries, By Region, 20182025 (USD Million)
Table 21 Industrial Boilers Market Size for Metals & Mining, By Region, 20182025 (USD Million)
Table 22 Industrial Boilers Market Size for Others, By Region, 20182025 (USD Million)
Table 23 Industrial Boilers Market Size, By Region, 20182025 (USD Million)
Table 24 Asia Pacific: Industrial Boilers Market Size, By Country, 20182025 (USD Million)
Table 25 Asia Pacific: Industrial Boilers Market Size, By Fuel Type, 20182025 (USD Million)
Table 26 Asia Pacific: Industrial Boilers Market Size, By Boiler Type, 20182025 (USD Million)
Table 27 Asia Pacific: Industrial Boilers Market Size, By Boiler Horsepower, 20182025 (USD Million)
Table 28 Asia Pacific: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 29 China: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 30 India: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 31 Japan: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 32 South Korea: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 33 Malaysia: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 34 Australia: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 35 New Zealand: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 36 Rest of Asia Pacific: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 37 Europe: Industrial Boilers Market Size, By Country, 20182025 (USD Million)
Table 38 Europe: Industrial Boilers Market Size, By Fuel Type, 20182025 (USD Million)
Table 39 Europe: Industrial Boilers Market Size, By Boiler Type, 20182025 (USD Million)
Table 40 Europe: Industrial Boilers Market Size, By Boiler Horsepower, 20182025 (USD Million)
Table 41 Europe: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 42 Germany: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 43 UK: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 44 France: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 45 Russia: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 46 Italy: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 47 Belgium: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 48 Spain: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 49 Rest of Europe: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 50 North America: Industrial Boilers Market Size, By Country, 20182025 (USD Million)
Table 51 North America: Industrial Boilers Market Size, By Fuel Type, 20182025 (USD Million)
Table 52 North America: Industrial Boilers Market Size, By Boiler Type, 20182025 (USD Million)
Table 53 North America: Industrial Boilers Market Size, By Boiler Horsepower, 20182025 (USD Million)
Table 54 North America: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 55 US: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 56 Canada: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 57 Mexico: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 58 Middle East & Africa: Industrial Boilers Market Size, By Country, 20182025 (USD Million)
Table 59 Middle East & Africa: Industrial Boilers Market Size, By Fuel Type, 20182025 (USD Million)
Table 60 Middle East & Africa: Industrial Boilers Market Size, By Boiler Type, 20182025 (USD Million)
Table 61 Middle East & Africa: Industrial Boilers Market Size, By Boiler Horsepower, 20182025 (USD Million)
Table 62 Middle East & Africa: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 63 Saudi Arabia: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 64 Iran: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 65 UAE: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 66 South Africa: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 67 Rest of Middle East & Africa: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 68 South America: Industrial Boilers Market Size, By Country, 20182025 (USD Million)
Table 69 South America: Industrial Boilers Market Size, By Fuel Type, 20182025 (USD Million)
Table 70 South America: Industrial Boilers Market Size, By Boiler Type, 20182025 (USD Million)
Table 71 South America: Industrial Boilers Market Size, By Boiler Horsepower, 20182025 (USD Million)
Table 72 South America: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 73 Brazil: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 74 Argentina: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 75 Colombia: Industrial Boilers Market Size, By End-Use Industry, 0182025 (USD Million)
Table 76 Peru: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
Table 77 Rest of South America: Industrial Boilers Market Size, By End-Use Industry, 20182025 (USD Million)
List of Figures (46 Figures)
Figure 1 Market Size Estimation: Top-Down Approach
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Natural Gas & Biomass Segment to Lead the Industrial Boilers Market From 2020 to 2025
Figure 4 Fire-Tube Segment is Expected to Lead the Industrial Boilers Market From 2020 to 2025
Figure 5 10-150 BHP Segment to Lead the Industrial Boilers Market From 2020 to 2025
Figure 6 Chemical Segment is Expected to Lead the Industrial Boilers Market From 2020 to 2025
Figure 7 Industrial Boilers Market in the Asia Pacific is Projected to Grow at the Highest CAGR During Forecast Period
Figure 8 Growth of the Chemical Segment is Projected to Drive the Industrial Boilers Market
Figure 9 Natural Gas & Biomass Segment Accounted for the Largest Share of the Industrial Boilers Market in 2019
Figure 10 Industrial Boilers Market in China is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Industrial Boilers Market Dynamics
Figure 12 Global Electricity Consumption, 20142018 (TWH)
Figure 13 Porters Five Forces Analysis
Figure 14 Chemical Production Growth Outlook (Excluding Pharmaceuticals), 2017-2018
Figure 15 Natural Gas & Biomass Segment Expected to Be the Dominant Fuel Type During the Forecast Period
Figure 16 Water-Tube Boiler Type Segment is Projected to Grow at the Higher During the Forecast Period
Figure 17 10-150 BHP Segment to Lead the Industrial Boilers Market During the Forecast Period
Figure 18 Chemical Segment to Lead the Industrial Boilers Market During the Forecast Period
Figure 19 Industrial Boilers Market in China is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Asia Pacific is Projected to Lead the Industrial Boilers Market During the Forecast Period
Figure 21 Asia Pacific Industrial Boilers Market Snapshot
Figure 22 Europe Industrial Boilers Market Snapshot
Figure 23 North America Industrial Boilers Market Snapshot
Figure 24 Middle East & Africa Industrial Boilers Market Snapshot
Figure 25 South America Industrial Boilers Market Snapshot
Figure 26 Industrial Boilers Market (Global) Competitive Leadership Mapping, 2019
Figure 27 Market Share of Key Players in Industrial Boilers Market, 2019
Figure 28 Babcock & Wilcox Enterprises, Inc.: Company Snapshot
Figure 29 Babcock & Wilcox Enterprises, Inc.: SWOT Analysis
Figure 30 GE Power: Company Snapshot
Figure 31 GE Power: SWOT Analysis
Figure 32 Siemens AG: Company Snapshot
Figure 33 John Wood Group PLC: Company Snapshot
Figure 34 John Wood Group PLC: SWOT Analysis
Figure 35 Dongfang Electric Corporation Limited: Company Snapshot
Figure 36 Dongfang Electric Corporation Limited: SWOT Analysis
Figure 37 Mitsubishi Hitachi Power Systems, LTD.: SWOT Analysis
Figure 38 Thermax Limited: Company Snapshot
Figure 39 Thermax Limited: SWOT Analysis
Figure 40 Sofinter Group: Company Snapshot
Figure 41 Bharat Heavy Electricals Limited: Company Snapshot
Figure 42 Harbin Electric Company Limited: Company Snapshot
Figure 43 IHI Corporation: Company Snapshot
Figure 44 Alfa Laval AB: Company Snapshot
Figure 45 Andritz AG: Company Snapshot
Figure 46 Robert Bosch GmbH: Company Snapshot
The study involved four major activities in estimating the current market size for industrial boilers. Exhaustive secondary research was carried out to collect information on the market, peer markets, and the parent market. The next step was to validate the findings obtained from secondary sources, assumptions, and sizing with industry experts across the value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, sources such as D&B Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to for identifying and collecting information for this study. Other secondary sources included annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, gold standard & silver standard websites, associations, regulatory bodies, trade directories, and databases.
Primary Research
The industrial boilers market comprises stakeholders such as manufacturers, suppliers, and distributors, and regulatory organizations in the supply chain. The demand side of this market is characterized by developments in end-use industries such as chemical, food, refineries, and metals & mining, among others. The supply side is characterized by market consolidation activities undertaken by industrial boiler manufacturers. Several primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation:
Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the industrial boilers market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:
- Key players in the industry and markets were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation:
After arriving at the overall market sizeusing the market size estimation process explained abovethe market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.
Report Objectives:
- To define, describe, and forecast the size of the industrial boilers market based on boiler type, fuel type, boiler horsepower, end-use industry, and region
- To estimate and forecast the size of the industrial boilers market in terms of value (USD million)
- To forecast the size of various segments of the market based on five main regions-Asia Pacific, North America, Europe, the Middle East & Africa, and South America, along with major countries in each region
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the industrial boilers market across the globe
- To identify and profile key market players and analyze their core competencies
- To map competitive intelligence on the basis of company profiles, key strategies, and developments, such as contracts, agreements, acquisitions, new product launches, partnerships, and expansions in the markets
Available Customizations:
Along with the market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:
Regional Analysis
- A further breakdown of the regional industrial boilers market to the country level by end-use industry
Country Information
- Regional market split by major countries
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Get in-depth analysis of the COVID-19 impact on the Industrial Boilers Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Industrial Boilers Market
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- Triangulate with your Own Data
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- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Industrial Boilers Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
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Growth opportunities and latent adjacency in Industrial Boilers Market
Key drivers and market trends on industrial boilers e market
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Market information on steam boilers in African and Latin American market
Interested in forecast of top 3 major End-Use Industry for APAC watertube industrial boilers