About Steam Boiler-
Steam Boiler is a power generation device, used for generating steam by applying the heat energy to water. The pressure range of earlier boilers ranges from low pressure to medium pressure (7 kPa to 2000 kPa/ 1psi to 290 psi). The present boilers are more useful because it works with high pressure than old ones. The main function of steam boiler is to producing, storing and troubling the vapour.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.8% |
Steam Boiler is a fragmented market due to the presence of several players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Steam Boiler- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Babcock & Wilcox (United States), Doosan Babcock (United Kingdom), Thermax (India), Bharat Heavy Electrical Limited (India), Shanghai Boiler Works (China), Toshiba Corporation (Japan), Dongfang Boiler Group (China), Mitsubishi Heavy Industries (Japan), General Electric Company (United States), Cleaver Brooks (United States), Byworth Boilers (United Kingdom) and Alfa Laval (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are IHI Corporation (Japan) and Wilcox Enterprises (United States).
Segmentation Overview
AMA Research has segmented the market of Global Steam Boiler- market by Type (Conventional Boilers, Combi Boilers, System Boilers, Condensing Boilers, Heat Pump Boilers, Electric Boilers and Others), Application (Aquariums, Laboratories, Brewing, Power Generation, Oil & Gas, Chemical, Lumber Kilns and Others) and Region.
On the basis of geography, the market of Steam Boiler- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fuel, the sub-segment i.e. Natural gas will boost the Steam Boiler- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Burner will boost the Steam Boiler- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advanced control systems, including digital controls and automation, have become integral to steam boiler system. and Growing demand for steam boilers from developing countries.
Market Growth Drivers:
The demand for steam boilers in the chemical industry. and Increasing industrial application of steam.
Challenges:
High initial investment required to set up a steam boiler system., Competition from alternative heating technologies. and Excess waste and emission in chemical industry.
Restraints:
Increase in air pollution generated by steam boilers. and Fluctuation in the natural gas prices.
Opportunities:
Increasing demand for power generation due to rapid industrialization. and Rising demand in developing countries.
Market Leaders and their expansionary development strategies
In June 2019, Atlas Copco acquired powerhouse Equipment & Engineering Co., a steam boiler rental company in the US. This acquisition is in line with strategy to bring additional value to customers by offering a more complete portfolio of temporary utility solutions
In May 2023, Vapac launched new electrode boiler with technology to minimise water and energy wastage, with a unique pulsed energy control system, the Vapac virtuoso VE can provide variable steam output from 8% up to 100% of full capacity, ensuring maximum efficiency and cost savings compared to previous models.
Key Target Audience
Steam Boiler Manufacturer, Investor, Research and Development, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.