HOME Top Market Reports Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region- Global Forecast to 2023

Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region- Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: August 2018
Report Code: EP 6527

 

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The global steam boiler system market was valued at USD 17.14 billion in 2017 and is projected to reach USD 21.63 billion by 2023, at a CAGR of 4.13% during the forecast period.

The years considered for the study are as follows:

  • Base Year: 2017
  • Estimated Year: 2018
  • Projected Year: 2023
  • Forecast Period: 2018–2023

The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define and segment the steam boiler system market with respect to component, type, fuel, end-user, and region
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the steam boiler system market with respect to individual growth trends, future expansions, and contributions to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To forecast the growth of the steam boiler system market with respect to the major regions (Asia Pacific, Europe, North America, Middle East, South America, and Africa)
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive strategies such as new product development, mergers & acquisitions, expansions & investments, partnership & collaboration, and contracts & agreements in the steam boiler system market

Research Methodology

This research study involved the use of extensive secondary sources, directories, journals on power generation technologies, and other related rental markets; newsletters and databases such as Hoover’s, Bloomberg, Businessweek, and Factiva to identify and collect information useful for a technical, market-oriented, and commercial study of the global steam boiler system market. The primary sources include several industry experts from the core and related industries, vendors, preferred suppliers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain.  The research methodology has been explained below.

  • Study of annual revenues and market developments of major players providing steam boiler system
  • Analysis of the major end-users of the steam boiler system
  • Assessment of future trends and growth of the steam boiler system market on the basis of investments in key end-user segments such as power generation utilities, oil & gas, chemical, primary metals, and process industry
  • Study of contracts & developments related to the steam boiler system market by key players across different regions
  • Finalization of the overall market sizes by triangulating the supply-side data, which includes product developments, supply chains, and annual revenues of companies manufacturing steam boiler system across the globe  

After arriving at the overall market size, the steam boiler market was split into several segments and subsegments. The figure given below illustrates the breakdown of primary interviews conducted during the research study on the basis of company type, designation, and region.

Steam Boiler System Market

To know about the assumptions considered for the study, download the pdf brochure

Major players operating in the steam boiler system market include Bosch (Germany), GE (US), Alfa Laval (Sweden), Thermax (India), Cochran (UK), Viessmann (Germany), and Doosan (South Korea).

Target Audience:

  • Steam boiler manufacturers
  • Central and state utilities and the private players involved in power generation
  • Distributors and suppliers
  • Government and research organizations
  • Industry, energy, and environmental associations
  • Investment banks
  • Manufacturing technology providers
  • Manufacturing and processing industries

Scope of the Report:

By Component

  • Boiler
  • Economizer
  • Superheater
  • Air Preheater
  • Feed Pump

By Type

  • Water tube Boiler
  • Fire tube Boiler

By Fuel

  • Coal-fired Steam Boiler
  • Gas-fired Steam Boiler
  • Biomass-fired Steam Boiler
  • Oil-fired Steam Boiler
  • Electric Steam Boiler

By End-User

  • Power Generation
  • Oil & Gas
  • Chemical
  • Process Industry
  • Primary Metals

By Region

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Company Information

Detailed analyses and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Steam Boiler System Market
    4.2 Steam Boiler System Market, By Country
    4.3 Asia Pacific Steam Boiler System Market, By End-User & Country
    4.4 Steam Boiler System Market, By Component
    4.5 Steam Boiler System Market, By Type
    4.6 Steam Boiler System Market, By Fuel

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rapid Increase in the Demand for Electricity
                    5.2.1.2 Increase in Power Plant Capacity Addition
           5.2.2 Restraints
                    5.2.2.1 Focus on Renewable Energy Sources for Power Generation
                    5.2.2.2 High Installation Cost
           5.2.3 Opportunities
                    5.2.3.1 Rise in the Demand for Compact Design of the Steam Boiler
                    5.2.3.2 Aging Power Generation Infrastructure
           5.2.4 Challenges
                    5.2.4.1 Strict Emission Standards
                    5.2.4.2 Boiler Efficiency and Steam Quality

6 Steam Boiler System Market, By Component (Page No. - 41)
    6.1 Introduction
    6.2 Boiler
    6.3 Economizer
    6.4 Superheater
    6.5 Air Preheater
    6.6 Feed Pump

7 Steam Boiler Systems Market, By Type (Page No. - 47)
    7.1 Introduction
    7.2 Water-Tube Boiler
    7.3 Fire-Tube Boiler

8 Steam Boiler Systems Market, By Fuel (Page No. - 51)
    8.1 Introduction
    8.2 Coal-Fired Steam Boiler
    8.3 Gas-Fired Steam Boiler
    8.4 Oil-Fired Steam Boiler
    8.5 Biomass-Fired Steam Boiler
    8.6 Electric Steam Boiler

9 Steam Boiler System Market, By End-User (Page No. - 57)
    9.1 Introduction
    9.2 Power Generation
    9.3 Oil & Gas
    9.4 Chemical
    9.5 Process Industry
    9.6 Primary Metal

10 Steam Boiler System Market, By Region (Page No. - 63)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 By Component
             10.2.2 By Type
             10.2.3 By Fuel
             10.2.4 By End-User
             10.2.5 By Country
                        10.2.5.1 China
                        10.2.5.2 India
                        10.2.5.3 Japan
                        10.2.5.4 Australia
                        10.2.5.5 South Korea
                        10.2.5.6 Rest of Asia Pacific
     10.3 North America
             10.3.1 By Component
             10.3.2 By Type
             10.3.3 By Fuel
             10.3.4 By End-User
             10.3.5 By Country
                        10.3.5.1 US
                        10.3.5.2 Canada
                        10.3.5.3 Mexico
     10.4 Europe
             10.4.1 By Component
             10.4.2 By Type
             10.4.3 By Fuel
             10.4.4 By End-User
             10.4.5 By Country
                        10.4.5.1 UK
                        10.4.5.2 Germany
                        10.4.5.3 France
                        10.4.5.4 Italy
                        10.4.5.5 Russia
                        10.4.5.6 Rest of Europe
     10.5 Middle East & Africa
             10.5.1 By Component
             10.5.2 By Type
             10.5.3 By Fuel
             10.5.4 By End-User
             10.5.5 By Country
                        10.5.5.1 Saudi Arabia
                        10.5.5.2 UAE
                        10.5.5.3 South Africa
                        10.5.5.4 Iran
                        10.5.5.5 Rest of Middle East & Africa
     10.6 South America
             10.6.1 By Component
             10.6.2 By Type
             10.6.3 By Fuel
             10.6.4 By End-User
             10.6.5 By Country
                        10.6.5.1 Brazil
                        10.6.5.2 Argentina
                        10.6.5.3 Rest of South America

11 Competitive Landscape (Page No. - 99)
     11.1 Overview
     11.2 Ranking of Players and Industry Concentration, 2017
     11.3 Competitive Scenario
             11.3.1 Contracts & Agreements, 2015–2018
             11.3.2 New Product Developments, 2015–2018
             11.3.3 Investments & Expansions, 2015–2018
             11.3.4 Mergers & Acquisitions, 2015–2018

12 Company Profiles (Page No. - 103)
     12.1 Benchmarking
(Business Overview, Products Offered, Recent Developments, and MnM View)*
     12.2 Alfa Laval
     12.3 Bosch
     12.4 GE
     12.5 Thermax
     12.6 Byworth Boilers
     12.7 Cleaver-Brooks
     12.8 Cochran
     12.9 Doosan Heavy Industries & Construction
     12.10 Devotion Machineries
     12.11 Forbes Marshall
     12.12 Fulton
     12.13 Parker Boiler
     12.14 Rentech Boilers
     12.15 Thermodyne Engineering System
     12.16 Viessmann
     12.17 Zhengzhou Boiler (Group) Co., Ltd.
     12.18 Other Key Players in the Steam Boiler System Market
             12.18.1 Bhel
             12.18.2 Hurst Boilers
             12.18.3 AMEC Foster Wheeler
             12.18.4 Siemens
             12.18.5 Vapor Power International
             12.18.6 Mitsubishi

*Details on Business Overview, Products Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 132)
     13.1 Insights of Industry Experts
     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 (73 Tables)

Table 1 Steam Boiler System Market Snapshot
Table 2 World Industrial Sector Delivered Energy Consumption, By Region and Energy Source, 2012-2040 (Quadrillion Btu)
Table 3 Steam Boiler System Market Size, By Component, 2016–2023 (USD Billion)
Table 4 Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 5 Economizer: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 6 Superheater: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 7 Air Pre-Heater: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 8 Feed Pump: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 9 Steam Boiler System Size, By Type, 2016–2023 (USD Billion)
Table 10 Water-Tube Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 11 Fire-Tube Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 12 Steam Boiler System Market Size, By Fuel, 2016–2023 (USD Billion)
Table 13 Coal-Fired Steam Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 14 Gas-Fired Steam Boilers: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 15 Oil-Fired Steam Boilers: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 16 Biomass-Fired Steam Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 17 Electric Steam Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 18 Steam Boiler System Market Size, By End-User, 2016–2023 (USD Billion)
Table 19 Power Generation: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 20 Oil & Gas: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 21 Chemical: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 22 Process Industry: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 23 Primary Metal: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 24 Steam Boiler System Market, By Region, 2016–2023 (USD Billion)
Table 25 Asia Pacific: Steam Boiler System Market Size, By Component, 2016–2023 (USD Million)
Table 26 Asia Pacific: Steam Boiler System Market Size, By Type, 2016–2023 (USD Million)
Table 27 Asia Pacific: Steam Boiler System Market Size, By Fuel, 2016–2023 (USD Million)
Table 28 Asia Pacific: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 29 Asia Pacific: Steam Boiler System Market Size, By Country, 2016–2023 (USD Million)
Table 30 China: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 31 India: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 32 Japan: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 33 Australia: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 34 South Korea: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 35 Rest of Asia Pacific: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 36 North America: Steam Boiler System Market Size, By Component, 2016–2023 (USD Million)
Table 37 North America: Steam Boiler System Market Size, By Type, 2016–2023 (USD Million)
Table 38 North America: Steam Boiler System Market, By Fuel, 2016–2023 (USD Million)
Table 39 North America: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 40 North America: Steam Boiler System Market Size, By Country, 2016–2023 (USD Million)
Table 41 US: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 42 Canada: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 43 Mexico: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 44 Europe: Steam Boiler System Market Size, By Component, 2016–2023 (USD Million)
Table 45 Europe: Steam Boiler System Market Size, By Type, 2016–2023 (USD Million)
Table 46 Europe: Steam Boiler System Market, By Fuel, 2016–2023 (USD Million)
Table 47 Europe: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 48 Europe: Steam Boiler System Market Size, By Country, 2016–2023 (USD Million)
Table 49 UK: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 50 Germany: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 51 France: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 52 Italy: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 53 Russia: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 54 Rest of Europe: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 55 Middle East & Africa: Steam Boiler System Market Size, By Component, 2016–2023 (USD Million)
Table 56 Middle East & Africa: Steam Boiler System Market Size, By Type, 2016–2023 (USD Million)
Table 57 Middle East & Africa: Steam Boiler System Market, By Fuel, 2016–2023 (USD Million)
Table 58 Middle East & Africa: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 59 Middle East & Africa: Steam Boiler System Market Size, By Country, 2016–2023 (USD Million)
Table 60 Saudi Arabia: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 61 UAE: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 62 South Africa: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 63 Iran: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 64 Rest of Middle East & Africa: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 65 South America: Steam Boiler System Market Size, By Component, 2016–2023 (USD Million)
Table 66 South America: Steam Boiler System Market Size, By Type, 2016–2023 (USD Million)
Table 67 South America: Steam Boiler System Market, By Fuel, 2016–2023 (USD Million)
Table 68 South America: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 69 South America: Steam Boiler System Market Size, By Country, 2016–2023 (USD Million)
Table 70 Brazil: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 71 Argentina: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 72 Rest of South America: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 73 Thermax Was the Most Active Player in the Market Between 2015 and 2018


List of Figures (33 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Boiler Segment, By Component, is Expected to Grow at the Highest CAGR During the Forecast Period, 2018–2023
Figure 8 Water-Tube Boiler Segment is Estimated to Lead the Steam Boiler System Market
Figure 9 Oil-Fired Steam Boiler Segment is Estimated to Lead the Steam Boiler System Market
Figure 10 Process Industry is Estimated to Be the Largest End-User for the Steam Boiler System Market
Figure 11 Asia Pacific to Lead the Steam Boiler System Market
Figure 12 Increase in Demand for Electricity is Driving the Steam Boiler System Market, From 2018 to 2023
Figure 13 The Market in China is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Process Industry and China Dominated the Steam Boiler System Market in Asia Pacific in 2017
Figure 15 Boiler Segment is Expected to Dominate the Steam Boiler System Market, By Component, During the Forecast Period
Figure 16 Water-Tube Boiler Segment is Estimated to Dominate the Steam Boiler System Market, By Type, During the Forecast Period
Figure 17 Oil-Fired Steam Boiler Segment is Estimated to Dominate the Steam Boiler System Market, By Fuel, During the Forecast Period
Figure 18 Market Dynamics for the Steam Boiler System Market
Figure 19 Investment in Renewable Energy, By Country, 2015 (USD Billion)
Figure 20 Boiler Segment is Expected to Hold the Largest Market (By Value), By 2023
Figure 21 Water-Tube Boiler Segment is Expected to Hold the Largest Market Share By 2023
Figure 22 Oil-Fired Steam Boiler Segment Holds the Largest Market (By Value), 2018–2023
Figure 23 Process Industry is Expected to Hold the Largest Market Share By 2023
Figure 24 Regional Snapshot: the Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Steam Boiler System Market Share (Value), By Region, 2017
Figure 26 Asia Pacific: Market Snapshot
Figure 27 North America: Market Snapshot
Figure 28 Key Developments in the Steam Boiler System Market, 2015–2018
Figure 29 Bosch Led the Steam Boiler System Market in 2017
Figure 30 Alfa Laval: Company Snapshot
Figure 31 Bosch: Company Snapshot
Figure 32 GE: Company Snapshot
Figure 33 Thermax: Company Snapshot

The global steam boiler system market is projected to reach a market size of USD 21.63 billion by 2023, at a CAGR of 4.13%, from an estimated USD 17.66 billion in 2018. This growth can be attributed to the increase in the use of steam boilers in manufacturing and process industry globally. Moreover, to support the rise in demand for power from manufacturing industries new power plants are being setup which is further increasing the demand for steam boiler system.

The report segments the steam boiler system market, by component, into boiler, economizer, superheater, air preheater, and feed pump. The boiler segment is expected to hold the largest market share by 2023. Increase in demand for power from the developing countries and large investments for capacity addition are likely to drive the demand for steam boilers.

The steam boiler system market, by type, is segmented into water-tube boiler and fire-tube boiler. The water-tube boiler segment is expected to be the largest market for the steam boiler system by 2023. Water-tube boilers provide higher efficiency and can produce high-temperature steam suitable for power generation utilities. Increase in capacity addition to meet the rise in demand for power would drive the water-tube boiler segment during the forecast period.

Coal is one of the major fuels used in the steam boiler system market. According to the IEA, coal fuels 40% of global electricity production. Moreover, it is the most widely used fossil fuel for power generation in the developing countries. Easy availability and relatively lower cost are some of the major factors driving the coal-fired steam boilers market.

Chemical is expected to hold the highest CAGR during the forecast period in the end-user segment.  The Asia Pacific is anticipated to lead the chemical, by end-user segment, for the steam boiler system market. Capacity expansion coupled with the higher consumer purchasing power is likely to drive the demand for chemicals.

In this report, the steam boiler system market has been analyzed with respect to 5 regions, namely, North America, Europe, South America, the Asia Pacific, the Middle East, and Africa. The market in the Asia Pacific is estimated to be the largest steam boiler system market from 2018 to 2023. Countries such as China, India, and Japan are heavily investing in the power capacity addition, which would positively impact the steam boiler system market. Also, massive investments in the manufacturing industry are significant factors that would propel the growth of the steam boiler system market. For instance, as per the Asian Development Bank, the region will need an investment of USD 26 trillion from 2016 to 2030 or USD 1.7 trillion per year to maintain its growth momentum and respond to climate change.

Steam Boiler System Market

Focus on renewable energy sources for power generation and high installation costs could act as restraints for the steam boiler system market. The leading players in the steam boiler system market include Bosch (Germany), GE (US), Alfa Laval (Sweden), Thermax (India), Cochran (UK), Viessmann (Germany), and Doosan (South Korea). New product developments and contracts & agreements were the most commonly adopted strategies by the top players. This was followed by mergers & acquisitions and investments & expansions.

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