San Francisco, California, May 16, 2017: The development of ultra-mega power projects will drive the demand in the global industrial boiler market in the near future, according to a study by TMR Research. The report, titled “Industrial Boiler Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” provides in-depth assessment of the all major factors that may influence the demand of industrial boilers, and provides projections on the future scenario until 2025.
The report has been prepared to serve as a credible business document for the participants in the industrial boiler market, such as manufacturers as well as traders and distributors of industrial boilers, end-use industries operating in this market, government and research organizations, and environment support agencies. Several leading vendors in the value chain have also been profiled in order to represent the competitive landscape in the global industrial boiler market and the available opportunities for new and regional vendors.
According to the findings of the report, emerging economies such as China and India are opening new avenues for the players in the industrial boilers market, gaining from regulations imposed by environmental regulatory bodies in several developing countries, besides their constant willingness to develop power infrastructure. Need to meet emission standards and emerging geothermal technology for clean energy are some of the other prominent factors that bode well for the future, although high capital for installation, replacement of steam-power propulsion systems in LNG carriers, and the lack of skilled workforce is expected to challenge the industrial boilers market expansion going forward.
The TMR Research report also notes a few important trends of the global industrial boilers market that vendors must take a note of. Growing demand of NOx reduction, which is driving design variations, and increasing use of biomass as fuel with improved combustion are two of those trends.
Based on boiler horse power, the global industrial boiler market can be segmented into 10BHP to 150BHP, 151BHP to 300BHP, and 301BHP to 600BHP. End-use industries using these boilers are food and beverages, chemical, pharmaceuticals, personal care, refineries, and primary metal including others. Water tube and fire tube can be the two type categories of the industrial boiler market. Geographically, the report studies the opportunities available in every important region such as Europe, North America, Asia Pacific, the Middle East and Africa, Latin America, and South America.
The report has detected stiff competition in the global industrial boilers market, which is a reflection of a large number of participants who meet localized demands. Safety, cost-efficiency, reliability, ease of operation, and customized products are some of the common strategies adopted by the major players to hold onto their customer-base. Alfa Laval, Amec Foster Wheeler, Mitsubishi Hitachi, and GE Steam Power are some of the leading companies functional in the global industrial boilers market.