TechNavio recognizes the following companies as the key players in the Global Industrial Boiler Market: Hitachi Ltd., Alstom SA, and Foster Wheeler AG.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”With the increase in competition among the market vendors, several industrial boiler vendors are investigating the opportunities to increase their market presence by differentiating their products from those of their competitors. This forces organizations to increase their focus on R and D activities in order to provide superior-quality and technically advanced boilers with additional control features, which can be easily maintained by the end-users throughout their lifecycle. Moreover, the increase in R and D activities by the organizations enables them to investigate the opportunities to develop eco-friendly and cost-effective products that would increase their competitiveness in the market.”
According to the report, the market is witnessing many growth drivers such as the increasing demand for industrial boilers from developing countries. Several developing countries in this region such as India and China are going through a rapid industrialization phase, which is driving the demand for industrial boilers across industries.
Further, the report states that a major challenge in the Global Industrial Boiler market is the need for high investment. The rising costs of the raw materials and components required to manufacture industrial boilers have increased the overall operational costs for industrial boiler vendors.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Miura Co. Ltd., Wellman Robey Ltd., Thermogenics (UK) Ltd., Taishan Group Co. Ltd., Bharat Heavy Electricals Ltd., Hangzhou Boiler Group Co. Ltd., Tai Yuan Boiler Group Co. Ltd., TT Boilers Ltd., and Suzhou Hailu Heavy Industry Co. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-industrial-boiler-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Industrial Boiler Market 2012-2016
