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Condensing Water Tube Industrial Boiler Market size is set to expand over 4% by 2024.

Author : Rahul Sankrityayan | Published Date : 2019-06-03 

The rising demand for energy efficient heating systems along with rapid industrialization in developing countries will drive the water tube industrial boiler market size. Boilers, being a critical component in commercial and industrial facilities, have been depicting an increase in demand, on account of the expansion of industrial infrastructure. In addition, the growing initiatives for energy conservation and acceptance of energy efficient steam generating units have been further complementing the growth of water tube industrial boiler market in the years ahead.

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The rapid increase in energy consumption by industries globally will augment the demand for low-energy consuming heating systems. Energy consumption, as on today, is one of the most sensitive and complex issues faced by industries across the globe. In some countries, industrial energy consumption differs from 30% to 70% of total energy produce, while the global average stands at 37%. Industries are reportedly seeking energy efficient boiler units for reducing their cost on fuel and environmental footprint, for meeting consumer demands in a cost-effective, environment friendly manner. Experts suggest that, in the United States alone, improving thermal efficiencies of water boilers from 80% to 94% can result in reduction of CO2 emissions from 66.3 to 56.4 kg/MMBtu while using natural gas as a primary fuel.

U.S. water tube industrial boiler market to witness sizeable growth

The U.S. water tube industrial boiler market will depict a commendable growth over 2018-2024, on account of increasing investment toward expansion of industrial facilities and replacement of conventional steam generating systems. According to the Energy and Environmental Analysis, Inc. (EEA) reports, there are approximately 43,000 industrial boilers in the United States with an aggregate capacity of 1.5 million MMBtu/hr input. The majority of the boilers are located at food, paper, chemicals, refining and primary metal manufacturing facilities.

Incidentally, these industries also account for 92% of the largest boilers (>250 MMBtu/hr). The escalating demand for consumer products coupled with government restrictions aimed at optimizing the country’s manufacturing proficiencies will thus further stimulate U.S. water tube boiler market in the years ahead.

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Unveiling natural gas fired water tube industrial boiler market trends

Natural gas makes up 67% of purchased boiler fuel (2,141 TBtu/year). Almost 78% of boiler units and close to 56% of industrial boiler capacity are reported to be natural gas-fired. The chemicals industry alone consumes more than one-third of the natural gas (775 TBtu/year), while other large consumers of natural gas include paper (379 TBtu/year) and other industrial sectors.

Water tube industrial boilers are mainly installed to produce hot water and steam for commercial or industrial applications across the chemical, food processing, refinery, primary metal and other manufacturing sectors. It is thus rather overt that the developments across the aforementioned industrial domains in tandem with the technological advancements in boiler design will drive the water tube industrial boiler market in the future.

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Report Content

 

Chapter 1   Methodology & Scope

1.1   Methodology

1.2   Market definitions

1.3   Market estimates & forecast parameters

1.4   Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2   Executive Summary

2.1   Industrial boiler market 3600 synopsis, 2013 – 2024

2.1.1    Business trends

2.1.2    Capacity trends

2.1.3    Technology trends

2.1.4    Fuel trends

2.1.5    Application trends

2.1.6    Regional trends

Chapter 3   Water Tube Industrial Boiler Market Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013 – 2024 (USD Million)

3.3   Industry ecosystem analysis

3.3.1    Vendor Matrix

3.4   Innovation and technology landscape

3.4.1    Bosch Thermotechnology

3.4.2    Miura America Co. Ltd.

3.4.3    Fulton Boiler Works, Inc.

3.4.4    Cleaver Brooks

3.4.5    Hurst Boiler & Welding Company, Inc

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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