Steam Boiler Market Analysis
The global steam boiler market is
estimated to expand at 4.10% CAGR during the forecast period. Steam boiler is majorly used in
process industries to deliver heat to industrial and chemical processes.
Increasing investments in chemical, food & beverage, pharmaceutical, and
other process industries would drive the growth of steam boiler market.
Similarly, huge requirement of steam boilers for heating buildings and
producing hot water supply would drive the steam boiler market.
The growing demand for steam boiler
market is attributed to the rapid increase in the demand for electricity.
Moreover, capacity addition in power plants is also driving the market for
steam boiler. One of the major restraints of the global steam boiler is focus
on renewable energy resources for power generation.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/6972
Steam boiler is a closed vessel used to
create steam by applying heat energy to water. The fluid heated under pressure
inside the steam boiler is then circulated out of the boiler for use in various
applications such as power generation. The main purpose of steam boiler is to
generate power in steam engines and steam turbines. It is also used for heating
the buildings in cold weather and for producing hot water for hot water
supply.
Industry Segmentation
The market for steam boiler market is
segmented based on type as water-tube boiler and fire-tube boiler. Water-tube
steam boiler segment dominates the market as these boilers provide higher
efficiency and also produce high-temperature steam which is suitable for power
utilities. Asia-Pacific is expected to hold the largest share for water-tube
steam boiler which is mainly driven by investments in power generation sector
that are being made in countries such as China, Japan, and India.
Regional Outlook
Region wise, Asia Pacific held the
largest market share of the global steam boiler market in 2017. It is estimated
that Asia-Pacific region would be the fastest growing market during the
forecast period, mainly due to the growing demand for power and rising
investment in setting new power generation plants. China is expected to lead
the Asia Pacific steam boiler market during the forecast period and is
projected to grow at the highest CAGR from 2018 to 2023. The Chinese and Indian
markets are projected to be among the fastest-growing economies during the
forecast period. These countries are estimated to account for nearly 70% of all
the proposed thermal power capacity addition during the same period.
Access Full
Report @ https://www.marketresearchfuture.com/reports/steam-boiler-market-6972
Leading Players
The key players of the global Steam
boiler market are GE (US), Bosch (Germany), Thermax (India), Cleaver-Brooks
(US), Byworth Boilers (US), Doosan Heavy Industries & Construction (South
Korea), Forbes Marshall (India), Fulton Boiler (US), Parker Boiler (US),
Rentech Boilers (US), Thermodyne Engineering Systems (India).
Scope of the Report
This research report provides insights
into various levels of analysis, such as industry analysis and market share
analysis for the leading industry competitors, along with their profiles. It
also helps in studying the target segments by providing views on the emerging
& high-growth segments. The market data comprises the basic assessment of
the competitive scenarios and strategies in the global steam boilers market, including
high-growth regions and/or countries, and political and economic environments.
The project report further provides both – historical market values and pricing
& cost analysis
About Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Read More:
https://sites.google.com/view/industrial-gases-industry/home
https://www.firmenpresse.de/pressrelease620284.html
https://sites.google.com/view/floating-solar-panels-industry/home
No comments:
Post a Comment