Boiler System Market Scope
The growing food industry will help to boost global boiler market in the forecasted period. A boiler is an enclosed vessel in which water is heated and circulated, either as hot water, steam, or superheated steam for the purpose of heating, powering, and/or producing electricity. System boilers work in the same way as conventional boilers, heating up hot water separately in a hot water cylinder. A system boiler is usually much faster and efficient than other boiler installations
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Bosch Industriekessel (Germany), AC Boilers S.p.A (Italy), Babcock & Wilcox Enterprises, Inc. (United States), ATTSU Termica (Spain), Rentech Boilers (United States), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Byworth Boilers (United Kingdom), Danstoker Boilers (Denmark), Siemens AG (Germany) and Proodos Industrial Boilers (Greece) |
CAGR | 4.7% |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that European Manufacturers will contribute to the maximum growth of Global Boiler System market throughout the predicted period.
Bosch Industriekessel (Germany), AC Boilers S.p.A (Italy), Babcock & Wilcox Enterprises, Inc. (United States), ATTSU Termica (Spain), Rentech Boilers (United States), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Byworth Boilers (United Kingdom), Danstoker Boilers (Denmark), Siemens AG (Germany) and Proodos Industrial Boilers (Greece) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Boiler System market by Type , by Application (Food, Chemical, Refineries, Metals & Mining and Others) and Region with country level break-up.
On the basis of geography, the market of Boiler System 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On 4th April 2019, Mitsubishi Hitachi Power Systems, Ltd. is bringing drone-inspection technologies to check out boilers and similar large-scale indoor structures.
Influencing Trend:
High Demand from Food Processing Sector and Growing Demand in Relation to Clean Energy Generation
Market Growth Drivers:
Increasing Heating Requirements and Growing Chemical Manufacturing Units, Oil and Gas Refineries, and Power Plants
Challenges:
Strict Emission Standards
Restraints:
High Installation and Maintenance Cost and Boiler Efficiency and Steam Quality
Opportunities:
Increasing Power Generation Infrastuctre and The Upsurging Demand due to the Use of Various End-User Industries
Key Target Audience
Boiler System Manufactures, Boiler System Suppliers, Boiler System Distributors, Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others