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Global Steam Boiler Market Growth Analysis and Trends Forecast to 2025

Author : Rahul Sankrityayan | Published Date : 2019-05-14 

As per a recent industry report put forward by Global Market Insights Inc., Steam Boiler Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of $19 billion by 2024 with a projected CAGR of 3% over 2019-2025.

Increasing investments toward expansion and development of manufacturing facilities along with resurgent economic growth will drive the market size. Respective governments across the globe in conjunction with leading financial institutions, most notably the Asian Development Bank & World Bank are focusing toward expansion of key economic sectors which will further enhance the business growth. Moreover, stringent government regulations will shift the technology landscape toward energy efficient steam boilers which in turn will fuel the product demand. 

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Escalating demand for specialty chemicals, easy availability of feedstock coupled with increasing investment toward capacity additions of chemical production facilities will drive the market size for chemical applications. Ongoing technological advancements along with development of new industrial centers will further stimulate the product adoption.

Natural gas fired steam boiler market is set to expand over 4% by 2025. Stringent government mandates toward adoption of low emissions fuels coupled with growing focus to reduce carbon footprint will stimulate industry growth. For instance, the European Union has set a target to reduce GHG emissions by 40% as compared to the 1990 levels by 2030. Furthermore, declining natural gas prices and increasing adoption of sustainable technologies will strengthen the product penetration in coming years. 

China market size, in 2018 was valued over USD 2 billion. Intensifying government initiatives to increase inhouse manufacturing coupled with shifting focus toward industrial sector development will augment the business growth. Availability of large human capital and raw materials along with robust macroeconomic indicators have further attracted considerable foreign greenfield investments across the range of industries which in turn will complement the global market growth in coming years. 

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/steam-boiler-market

Condensing steam boiler market size is set to expand over 5% by 2025. Ability of these systems to offer reduced heating cost and high efficiency will significantly contribute toward industry expansion. Introduction of stringent emission norms on account of rising concerns over environmental pollution will further enhance the industry outlook. 

≥250 MMBtu/hr boilers in 2018, accounted for over 6% of steam boiler market revenue share. These systems are predominantly utilized across large scale food processing plants, steel mills, pulp & paper, petrochemical plants and refineries. Ongoing expansion of existing refineries along with escalating demand for primary metal will stimulate the deployment of high capacity units. Increasing disposable income along with the changing food consumption pattern will further complement the industry growth in coming years. 

Ongoing industrialization along with increasing investment across small and medium scale industries including chemical, food processing, chemical and primary metal manufacturing will drive the Middle East & Africa steam boiler market size. Supportive government policies toward infrastructure development along with large investments from financial institutions including IMF, the World Bank, and the African Development Bank will positively influence the industry landscape. 

Notable industry participants across steam boiler market include Walchandnagar, SIME, Bosch, Thermax, BHEL, IHI, Siemens, Forbes Marshall, Clayton, Groupe Atlantic, Cochran, Mitsibishi Hitachi Power Systems, CMI, Hurst Boiler & Welding, AC Boiler, Doosan Heavy Industries, Vicotry Energy, Cleaver Brooks, Hoval, Babcock & Wilcox, Fulton, Fondital, Ferroli, and Rentech. 

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Chapter 4 Steam boiler Market, By Fuel

4.1 Steam boiler market share by fuel, 2018 & 2025

4.2 Natural gas

4.2.1 Global market from natural gas, 2014 – 2025

4.2.2 Global market from natural gas, by region, 2014 - 2025

4.3 Oil

4.3.1 Global market from oil, 2014 – 2025

4.3.2 Global market from oil, by region, 2014 - 2025

4.4 Coal

4.4.1 Global market from coal, 2014 – 2025

4.4.2 Global market from coal, by region, 2014 - 2025

4.5 Others

4.5.1 Global market from others, 2014 – 2025

4.5.2 Global market from others, by region, 2014 - 2025

Chapter 5 Steam Boiler Market, By Technology

5.1 Steam boiler market share by technology, 2018 & 2025

5.2 Condensing

5.2.1 Global market from condensing, 2014 – 2025

5.2.2 Global market from condensing, by region, 2014 - 2025

5.3 Non-condensing

5.3.1 Global market from non-condensing, 2014 – 2025

5.3.2 Global market from non-condensing, by region, 2014 - 2025

Chapter 6 Steam Boiler Market, By Capacity

6.1 Steam boiler market share by capacity, 2018 & 2025

6.2 < 10 MMBtu/hr

6.2.1.1.1.1 Global market from < 10 MMBtu/hr, 2014 – 2025

6.2.2 Global market from < 10 MMBtu/hr, by region, 2014 - 2025

6.3 10-50 MMBtu/hr

6.3.1 Global market from 10-50 MMBtu/hr, 2014 – 2025

6.3.2 Global market from 10-50 MMBtu/hr, by region, 2014 - 2025

6.4 50-100 MMBtu/hr

6.4.1 Global market from 50-100 MMBtu/hr, 2014 – 2025

6.4.2 Global market from 50-100 MMBtu/hr, by region, 2014 - 2025

6.5 100-250 MMBtu/hr

6.5.1 Global market from 100-250 MMBtu/hr, 2014 – 2025

6.5.2 Global market from 100-250 MMBtu/hr, by region, 2014 - 2025

6.6 > 250 MMBtu/hr

6.6.1 Global market from > 250 MMBtu/hr, 2014 – 2025

6.6.2 Global market from > 250 MMBtu/hr, by region, 2014 - 2025

Browse Complete Summary of this report @ https://www.gminsights.com/toc/detail/steam-boiler-market

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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