Recovery Boilers Market Scope
Recovery boilers are the equipment used in the paper pulp industry, chemical processing, liquor processing, etc, there are types of recovery boiler which includes soda, kraft, chemical, and heat boilers. It is basically used for recovering the inorganic chemical as smelt and burns the organic chemical so that the pollutants are out discharged in the air and it also recovers the heat of combustion in teh form of steam.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Valmet Oyj (Finland), Mitsubishi Power, Ltd. (Japan), Andritz Oy (Finland), Rockwell Automation, Inc. (United States), Solenis (United States), Kawasaki Heavy Industries, Ltd. (Japan), Babcock & Wilcox Enterprises Inc., (United States), KNM Group (Malaysia), Metso Oyj (Finland) and Indeck Power Equipment Company (United States) |
CAGR | % |
The Recovery Boilers market is fragmented, with key vendors and other prominent vendors present. The major vendors are increasingly concentrating their efforts on raising awareness of optical Interconnect creation courses and their advantages, as well as new innovation and acquisitions. Furthermore, multinational vendors are attempting to preserve market stability. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Recovery Boilers market throughout the predicted period.
Valmet Oyj (Finland), Mitsubishi Power, Ltd. (Japan), Andritz Oy (Finland), Rockwell Automation, Inc. (United States), Solenis (United States), Kawasaki Heavy Industries, Ltd. (Japan), Babcock & Wilcox Enterprises Inc., (United States), KNM Group (Malaysia), Metso Oyj (Finland) and Indeck Power Equipment Company (United States) 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 Recovery Boilers market by Type , by Application (Pulp and Paper , Chemical Process, Liquor and Other ) and Region with country level break-up.
On the basis of geography, the market of Recovery Boilers 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 28th September 2020, ANDRITZ has acquired the Finnish company Enviroburners Oy, which designs and manufactures advanced industrial burner solutions for energy production and environmental protection. The acquisition includes all of Enviroburners’ intellectual property rights, technical expertise, tools, systems, and inventory. Enviroburners supplies industrial burners, burner upgrade parts, and services that strengthen ANDRITZ’s self-sustainability and reliability in the area of burners.
On 25th September 2020, Mitsubishi Power, Ltd., a major subsidiary of Mitsubishi Heavy Industries Group, is broadening it's digital and services businesses by expanding its Boiler Smart Inspection offering, part of the company’s suite of TOMONI digital solutions. The service package, which enables easier planning and implementation of maintenance work at power generation facilities, will be introduced across more customers in the petroleum and chemical industries as well as power providers, both in Japan and overseas.
Influencing Trend:
Increasing Use of Soda Recovery Boilers and Kraft Recovery Boilers
Market Growth Drivers:
Growing Demand for Recovery Boiler for Safety and Efficient Chemical Process and Need for Reliability in Operation and Construction Activities
Challenges:
High-Cost Investment Maintenance and Handling of Recovery Boilers
Restraints:
Corrosion Related Risk Associated with Recovery Boilers
Opportunities:
Technological Advancements in the Recovery Boilers and Surging Demand for Recovery Boilers in the Liquor Industry
Key Target Audience
Recovery Boilers Manufacturers, Recovery Boilers International Traders, Recovery Boilers Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others