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Southeast Asian Industrial Boilers Markets
Frost & Sullivan, Feb 2008, Pages: 172
This Frost & Sullivan research service titled Southeast Asian Industrial Boilers Markets provides a comprehensive study of the various types of industrial boilers, which are used for generating process heat and power, and a thorough analysis of the key market trends, competitive scenario, output trends, end-user trends, and revenue forecasts for each boiler type. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: fired boilers, heat recovery steam generators (HRSGs), and waste heat boiler.
Industries’ and Commercial Establishments’ Demand for Process Heat and Uninterruptible Power Supply Drives Industrial Boilers Markets
The keen focus of industries from diverse verticals such as food and beverages, manufacturing, plastics, rubber, pharmaceuticals, automobiles, and petrochemicals on improving their production processes and energy efficiency strategies has significantly benefited the industrial boilers market. The expansion of facilities and operations will require vast amounts of reliable captive power, and this need can be ably met by industrial boilers. This demand for process heat and electricity could encourage industries to reduce their dependence on utility grids, which could be unstable in some Southeast Asian countries. However, market growth in each country in the region may vary depending on the country’s industrial policy, existing tariff structure, maturity of technology, power availability, and fuel resources.
The presence of numerous multinational and local equipment suppliers makes the Southeast Asian industrial boilers market a highly competitive one. Most local manufacturers enjoy immense popularity, especially among the price-sensitive small- and medium-sized companies. Although some local companies also import low-cost equipment from China, end users prefer companies with local manufacturing bases, since it eliminates red tape. The strong presence of the local suppliers even curtails the expansion plans of multinationals, which are preferred only by companies with critical applications. 'Most local manufacturers partner with or license the technology of industrial boilers from well-known European and U.S.-based multinational equipment suppliers,' says the analyst of this research service. 'Market participants will also gain from strong support for cogeneration power plants and by selling the surplus power generated to the local utility grid at attractive prices.'
Demand for Clean Energy and Favorable Import Laws Fuels Adoption of Industrial Boilers
Rising concerns about the environment have created demand for environment-friendly power generation technologies in the industrial boiler market. This trend is expected to trigger wider adoption of diverse, clean fuels such as biomass and biogas. The increasing prices of oil and gas are also causing a shift in focus from conventional fuels to greener ones. The abundance of biomass in agro-based countries such as the Philippines only enhances the demand for biomass boilers. 'Industries’ move to retrofit coal and oil-fired boilers with biomass boilers and replace old packaged boilers with new ones have given a huge boost to the market,' notes the analyst. 'These changes are in line with the governments’ visions of environmental awareness and promotion of green energy technology.'
The governments’ favorable import laws have also gone a long way in driving the uptake of industrial boilers. For instance, the import laws for industrial equipment in Malaysia are simple, and this facilitates the expansion of the market. Meanwhile, in Thailand, the import tariff on boilers and boiler parts is only 5.0 percent. These laws also enable local manufacturers to import technologically advanced machinery from suppliers in Japan, Germany, and Belgium. They can also collaborate with multinational companies to gain technical expertise, thereby offering boilers with higher efficiencies and better output.
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Application:
- Fired boilers market
- HRSG market
- Waste heat boiler market
By Geographic Region:
- Malaysia
- Thailand
- The Philippines
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