TechNavio recognizes the following companies as the key players in Global Industrial Boiler Market: Alstom SA, Foster Wheeler AG, and Hitachi Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “With the increase in competition among the market vendors, several industrial boiler vendors are investigating opportunities to increase their market presence by differentiating their products from that of their competitors. This forces organizations to increase their focus on R&D activities in order to provide superior-quality and technically advanced boilers with additional control features that can be easily maintained by end-users throughout its lifecycle. Moreover, the increase in R&D activities by the organizations enables them to look at opportunities to develop eco-friendly and cost-effective products that would increase their competitiveness in the market.”
According to the report, one of the major drivers in this market is the increasing demand for industrial boilers from developing countries. Several developing countries in the APAC region such as India and China are going through a rapid industrialization phase, which is driving the demand for industrial boilers from various industries.
Further, the report states that one of the major challenges in this market is the need for high initial 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 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/report/global-industrial-boiler-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Global Industrial Boiler Market 2014-2018
