Global Oil Boiler Market Overview:
Boilers are pressure vessels that are used to supply heated waste or steam to an industrial process. The oil boiler are the primary kit that are used in industries to for steam generation and supply. Oil boilers use a stored supply of oil to generate heat within a property and are popular for use in properties where there is no direct access to the mains gas grid. Oil-fired boilers are a common choice in areas of the country which have limited access to natural gas, such as the Northeast. Oil boilers gives an opportunity to use renewable fuels. Many companies are now using heating oil blended with biodiesel which help their customers to reduce their dependence on foreign oil.
Market Drivers
- High investment in primary metal industries
- Investment in non-metallic mineral industries
Market Trend
- Growth in industries related to chemicals, food and beverages, Textile, Pulp & Paper, and Metal etc
Restraints
Opportunities
- Rising steam demand across key manufacturing sectors
Challenges
Competitive Landscape:
There are many small to medium scale business players in the market which are mainly present in countries such as China, India, Russia and Brazil. Low moving costs makes the buyers at higher position in terms of competitive advantage.
Some of the key players profiled in the report are KD Navien (South Korea), Wayne Combustion (United States), Viessmann (Germany), Hoval Italia (Italy), De Dietrich Heating (Netherlands), Ygnis (France), IBC Heiztechnik (Germany), MHG Heating (Germany), Hurst Boiler & Welding (United States), August Brotje GmbH (Germany) and WOLF (Germany). Additionally, following companies can also be profiled that are part of our coverage like Mistral Boilers Ltd (England), Firebird Heating Solutions Ltd (Ireland), FERROLI (Italy), ZDB GROUP (Czech Republic), Warmflow (Ireland), AB&Co Group (Denmark), AC Boilers S.P.A (Italy), IHI Corporation (Japan) and Thermax Limited (India). Analyst at AdvanceMarketAnalytics see German Manufacturers to retain maximum share of Global Oil Boiler market by 2024. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Oil Boiler market. Considering Market by Boiler Material, the sub-segment i.e. Steel will boost the Oil Boiler market.
Market Highlights:
January 18, 2019: The Viessmann Group acquires a stake in Pewo Energietechnik GmbH.
January 14, 2019: Navien Introduces Two New Boiler Series at AHR 2019
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Oil Boiler market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Oil Boiler market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Industrial Boilers, Traders, Distributors, and Suppliers of Industrial Boilers, End-Use Industries operating in the Industrial Boilers Supply Chain, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions, Environment Support Agencies and Investment Banks and Private Equity Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.