According to Technavio’s latest market research study, the global industrial boiler market is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global industrial boiler market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type:
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The top three revenue contributing end-user segments are discussed below:
Global industrial boiler market for the food processing sector: The growth of the industrial boiler market for food processing is driven by the exponential growth in population and the subsequent rise in the demand for food. Growth in production of commodities such as coarse grains, rice, and milk will help the burner market, which, in turn, will propel the demand for industrial boilers for food processing during the forecast period.
“The total global milk production in 2015 accounted for around 803 million tons of milk equivalent, which was expected to grow at a nominal rate of almost 2% in 2016. The milk and dairy production is expected to grow in Europe, Asia, and the Americas,” says Anju Ajaykumar, a lead analyst at Technavio for research on unit operations.
Global industrial boiler market for the chemical and petrochemical sector: The rising overall production of chemicals coupled with the growing demand for petrochemicals will lead to an increased demand for boilers in the petrochemical market. China is expected to be the key revenue contributor in the global industrial boiler market for the chemical and petrochemical sector during the forecast period.
Global industrial boiler market for the paper and pulp sector: Paper producers are investing in environmental protection and energy optimization programs. Such trends are propelling vendors to ramp up their production and improve their overall efficiency, thereby spurring the demand for industrial boilers. China, the US, and Japan are the key paper producing countries in this market segment.
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The top vendors operating in the global industrial boiler market are:
- Alfa Laval
- Amec Foster Wheeler
- GE Steam Power
- Mitsubishi Hitachi
Other prominent vendors in the market include AB&CO, Advanced Recycling Equipment, ANDRITZ Energy & Environment, B&S Piping, Babcock & Wilcox, Bharat Heavy Electricals, Cleaver-Brooks, Columbia Boiler Company, Dongfang Boiler Company, Doosan, ETA Heiztechnik, Fulton Boiler Works, Hangzhou Boiler, Hurst Boiler & Welding Company, Harbin Power Equipment, IHI, Indeck Power Equipment, Kawasaki Heavy Industries, Kohlbach, L&T, Le.Groupe Simoneau, Mitsubishi Heavy Industries, Miura Boiler, Parker Boiler, Rentech Boiler Systems, Suzhou Hailu Heavy Industry, Superior Boiler Works, Tai Yuan Boiler, Taishan, Thermogenics, TT Boilers, Wellman, Wellman Robey, Wuxi Huanguang Boiler Company, York-Shipley Global, and Zhengzhou Boiler.
A more detailed analysis is available in the Technavio report titled, ‘Global Industrial Boiler Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Industrial Biomass Boiler Market 2016-2020
- Global Biomass Boiler Market 2016-2020
- Global Boiler Water Treatment Market 2016-2020
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