Industrial Boilers Market by Type (Fire-tube, Water-tube), Fuel Type (Natural Gas & Biomass, Oil, Coal), End-Use Industry (Chemical, Food, Refineries, Metals & Mining), Boiler Horsepower, and Region - Global Forecast to 2023

  • ID: 4576904
  • Report
  • Region: Global
  • 146 Pages
  • Markets and Markets
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The Global Industrial Boilers Market is Estimated at USD 13.07 Billion in 2018 and is Projected to Reach USD 17.18 Billion by 2023, at a CAGR of 5.6% between 2018 and 2023.

FEATURED COMPANIES

  • Ab&Co Group
  • AC Boilers S.P.A
  • Alfa Laval Aalborg
  • AMEC Foster Wheeler PLC
  • Bryan Steam, LLC
  • General Electric Company
  • MORE

“Industrial Boilers market projected to reach USD 17.18 billion by 2023”
The global industrial boilers market is estimated at USD 13.07 billion in 2018 and is projected to reach USD 17.18 billion by 2023, at a CAGR of 5.6% between 2018 and 2023. Factors such as increasing demand from the food industry, growing demand for compact designs and lean operations, increasing use of natural gas in industrial activities, and government initiatives to promote clean energy and reduce dependency on fossil fuel directly or indirectly influence the global industrial boilers market. High installation cost is one of the major restraints for the industrial boilers market.

“10-150 BHP segment to dominate the industrial boilers market”
Based on boiler horsepower, the industrial boilers market has been segmented into 10-150 BHP, 151-300 BHP, and 301-600 BHP. The market is projected to be dominated by the 10-150 BHP segment by 2023, as most of the food and chemical industries prefer boilers in the 10-150 BHP range.

“Chemical segment to dominate the industrial boilers market”
Based on end-use industry, the industrial boilers market has been segmented into food, chemical, refining, metals & mining, and others. The food segment is projected to grow at the highest CAGR during the forecast period, with increasing expansion of processed food companies in developing regions. The chemical end-use industry segment is expected to dominate the market demand for industrial boilers by 2023 owing to the capacity expansion of existing facilities and new plants in emerging regions.

“Asia Pacific market projected to grow at highest CAGR during the forecast period”
The Asia Pacific industrial boilers market is anticipated to grow at the highest CAGR between 2018 and 2023. Asia Pacific is a major market for industrial boilers mainly due to rapid industrialization in the region. China is moving toward adopting natural gas-fired boilers for clean operations. India, another major market in the Asia Pacific region, is expected to register a significant demand during the forecast period.

Breakdown of the profile of primary participants:

  • By Company Type: Tier 1 – 10%, Tier 2 – 40%, and Tier 3 – 50%
  • By Designation: C Level – 45%, Director Level – 23%, and Others – 32%
  • By Region: Europe – 21%, North America – 16%, Asia Pacific – 53%, and Middle East & Africa –10%

Some of the major companies profiled in this report include Babcock & Wilcox (US), Dongfang (China), Siemens (Germany), General Electric (US), AC Boilers (Italy), Bharat Heavy Electricals Limited (India), Harbin Electric Group (China), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems (Japan), and Thermax (India).

Research Coverage:
This report offers an overview of the market trends, drivers, and challenges with respect to the industrial boilers market. It also provides a detailed overview of the market across five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The report categorizes the industrial boilers market on the basis of type, boiler horsepower, fuel type, end-use industry, and region. A detailed analysis of leading players, along with key growth strategies adopted by them, is also covered in the report.

Reasons to buy the report:

This report covers the following key aspects:

  • What will be the market size by 2023 and what will be the growth rate
  • What are the key market trends
  • What are the factors expected to drive the growth of the market
  • What are the challenges that impact market growth
  • Who are the key players in this market
  • Global report covers key regions, such as North America, Europe, and Asia-Pacific, including major countries in these regions, such as the US, China, India, Russia, and Germany
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ab&Co Group
  • AC Boilers S.P.A
  • Alfa Laval Aalborg
  • AMEC Foster Wheeler PLC
  • Bryan Steam, LLC
  • General Electric Company
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Key Data From Secondary Sources
2.1.2 Key Data From Primary Sources
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.3.1 Key Industry Insights
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Industrial Boilers Market
4.2 Global Industrial Boilers Market, By Region
4.3 Industrial Boilers Market, By Type
4.4 Industrial Boilers Market, By Fuel Type and End-Use Industry
4.5 Industrial Boilers Market: Emerging vs Developed Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Industrial Boilers From the Food & Beverage Industry
5.2.2 Restraints
5.2.2.1 High Cost of Installation
5.2.2.2 Boiler Efficiency and Steam Quality
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Compact Designs and Lean Operations
5.2.3.2 Increasing Use of Natural Gas
5.2.4 Challenges
5.2.4.1 Strict Emission Standards
5.2.4.2 High R&D Investments
5.3 Cost Structure Analysis

6 Industry Trends
6.1 Introduction
6.2 Revenue Pocket Matrix
6.2.1 Revenue Pocket Matrix for the Industrial Boilers Market, By End-Use Industry, 2018
6.2.2 Revenue Pocket Matrix for the Industrial Boilers Market, By Type, 2017
6.2.3 Revenue Pocket Matrix for the Industrial Boilers Market, By BHP, 2018
6.2.4 Revenue Pocket Matrix for the Industrial Boilers Market, By Fuel Type, 2018
6.3 Economic Indicators
6.3.1 Industry Outlook
6.3.1.1 Chemical Industry
6.3.1.2 Refineries
6.3.1.3 Food Industry
6.3.1.4 Primary Metal Industry

7 Industrial Boilers Market, By Fuel Type
7.1 Introduction
7.2 Natural Gas & Biomass
7.3 Oil
7.4 Coal
7.5 Others

8 Industrial Boilers Market, By Type
8.1 Introduction
8.2 Market Size and Projection
8.3 Fire-Tube Boilers
8.4 Water-Tube Boilers

9 Industrial Boilers Market, By Boiler Horsepower
9.1 Introduction
9.2 10-150 BHP
9.3 151 -300 BHP
9.4 301 - 600 BHP

10 Industrial Boilers Market, By End-Use Industry
10.1 Introduction
10.2 Chemical
10.3 Food
10.4 Metals & Mining
10.5 Refineries
10.6 Others

11 Regional Analysis
11.1 Introduction
11.2 Asia Pacific
11.2.1 China
11.2.2 Japan
11.2.3 New Zealand
11.2.4 Malaysia
11.2.5 India
11.2.6 Australia
11.2.7 Hong Kong
11.2.8 Rest of Asia Pacific
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Spain
11.3.5 Italy
11.3.6 Belgium
11.3.7 Russia
11.3.8 Rest of Europe
11.4 North America
11.4.1 Canada
11.4.2 Mexico
11.4.3 US
11.5 Middle East & Africa (MEA)
11.5.1 Iran
11.5.2 Saudi Arabia
11.5.3 UAE
11.5.4 South Africa
11.5.5 Rest of Middle East & Africa
11.6 South America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Colombia
11.6.4 Peru
11.6.5 Rest of South America

12 Competitive Landscape
12.1 Overview
12.1.1 Contract and Agreements: the Most Popular Growth Strategy
12.2 Competitive Scenario
12.2.1 Contracts and Agreements
12.2.2 Expansions
12.2.3 Mergers & Acquisitions
12.2.4 New Product Launches

13 Company Profiles
13.1 AMEC Foster Wheeler PLC
13.2 Babcock & Wilcox Enterprises, Inc.
13.3 Dongfang Electric Corporation Ltd.
13.4 General Electric Company
13.5 Siemens AG
13.6 AC Boilers S.P.A
13.7 Bharat Heavy Electricals Limited
13.8 Harbin Electric Corporation
13.9 IHI Corporation
13.10 Mitsubishi Hitachi Power Systems, Ltd.
13.11 Thermax Limited
13.12 Other Key Players
13.12.1 Ab&Co Group
13.12.2 Alfa Laval Aalborg
13.12.3 Andritz Energy & Environment
13.12.4 Suzhou Hailu Heavy Industry
13.12.5 Robey-Wellman Boilers & Furnaces Ltd.
13.12.6 Taiyuan Boiler Group
13.12.7 Vapor Power International, LLC
13.12.8 Superior Boiler Works Inc.
13.12.9 Bryan Steam, LLC
13.12.10 Hurst Boiler & Welding Company, Inc.

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store:Subscription Portal
14.3 Introducing RT: Real Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details

List of Tables (84 Tables)

Table 1 Industrial Boilers Market Snapshot
Table 2 Top 10 Natural Gas Producers (2015)
Table 3 Global Air Pollutant Emission Limits
Table 4 China: Thermal Power Boiler Air Pollutant Limits
Table 5 Fuel Consumption By Us-Based Refineries, 2010-2015 (Thousand Barrels)
Table 6 Primary Metals Industry Indexes and Growth Rate, 2014
Table 7 Steel Demand Forecast, Finished Steel Products, 2016
Table 8 Industrial Boilers Market, By Fuel Type, 2016-2023 (USD Billion)
Table 9 Natural Gas & Biomass-Based Industrial Boilers Market, By Region, 2016-2023 (USD Billion)
Table 10 Oil-Based Industrial Boilers Market, By Region, 2016-2023 (USD Million)
Table 11 Coal-Based Industrial Boilers Market, By Region, 2016-2023 (USD Million)
Table 12 Other Fuel Types-Based Industrial Boilers Market, By Region, 2016-2023 (USD Million)
Table 13 Industrial Boilers Market, By Type, 2016-2023 (USD Billion)
Table 14 Fire-Tube Boilers Segment, By Region, 2016-2023 (USD Billion)
Table 15 Water-Tube Boilers Segment, By Region, 2016-2023 (USD Million)
Table 16 Industrial Boilers Market, By Boiler Horsepower, 2016–2023 (USD Billion)
Table 17 10-150 BHP Segment, By Region, 2016–2023 (USD Million)
Table 18 151 BHP-300 BHP Segment, By Region, 2016–2023 (USD Billion)
Table 19 301 BHP-600 BHP Segment, By Region, 2016–2023 (USD Billion)
Table 20 Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Billion)
Table 21 Industrial Boilers Market for Chemical Industry, By Region, 2016–2023 (USD Million)
Table 22 Industrial Boilers Market for Food Industry, By Region, 2016–2023 (USD Million)
Table 23 Industrial Boilers Market for Metals & Mining, By Region, 2016–2023 (USD Million)
Table 24 Industrial Boilers Market for Refineries Industry, By Region, 2016–2023 (USD Million)
Table 25 Industrial Boilers Market for Other End-Use Industries, By Region, 2016–2023 (USD Million)
Table 26 Industrial Boilers Market, By Region, 2016–2023 (USD Billion)
Table 27 Asia Pacific Industrial Boilers Market, By Country, 2016-2023 (USD Million)
Table 28 Asia Pacific Industrial Boilers Market, By Type, 2016-2023 (USD Million)
Table 29 Asia Pacific Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 30 Asia Pacific Industrial Boilers Market, By Boiler Horsepower, 2016-2023 (USD Million)
Table 31 Asia Pacific Industrial Boilers Market, By Fuel Type, 2016-2023 (USD Million)
Table 32 China Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 33 Japan Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 34 New Zealand Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 35 Malaysia Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 36 India Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 37 Australia Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 38 Hong Kong Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 39 Rest of Asia Pacific Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 40 Europe Industrial Boilers Market, By Country, 2016-2023 (USD Million)
Table 41 Europe Industrial Boilers Market, By Type, 2016-2023 (USD Million)
Table 42 Europe Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 43 Europe Industrial Boilers Market, By Boiler Horsepower, 2016-2023 (USD Million)
Table 44 Europe Industrial Boilers Market, By Fuel Type, 2016-2023 (USD Million)
Table 45 Germany Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 46 France Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 47 UK Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 48 Spain Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 49 Italy Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 50 Belgium Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 51 Russia Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 52 Rest of Europe Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 53 North America Industrial Boilers Market, By Country, 2016-2023 (USD Million)
Table 54 North America Industrial Boilers Market, By Type, 2016-2023 (USD Million)
Table 55 North America Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 56 North America Industrial Boilers Market, By Boiler Horsepower, 2016-2023 (USD Million)
Table 57 North America Industrial Boilers Market, By Fuel Type, 2016-2023 (USD Million)
Table 58 Canada Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 59 Mexico Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 60 US Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 61 Middle East & Africa Industrial Boilers Market, By Country, 2016-2023 (USD Million)
Table 62 Middle East & Africa Industrial Boilers Market, By Type, 2016-2023 (USD Million)
Table 63 Middle East & Africa Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 64 Middle East & Africa Industrial Boilers Market, By Boiler Horsepower, 2016-2023 (USD Million)
Table 65 Middle East & Africa Industrial Boilers Market, By Fuel Type, 2016-2023 (USD Million)
Table 66 Iran Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 67 Saudi Arabia Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 68 UAE Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 69 South Africa Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 70 Rest of Middle East & Africa Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 71 South America Industrial Boilers Market, By Country, 2016-2023 (USD Million)
Table 72 South America Industrial Boilers Market, By Type, 2016-2023 (USD Million)
Table 73 South America Industrial Boilers Market, By End-Use Industry, 2016-2023 (USD Million)
Table 74 South America Industrial Boilers Market, By Boiler Horsepower, 2016-2023 (USD Million)
Table 75 South America Industrial Boilers Market, By Fuel Type, 2016-2023 (USD Million)
Table 76 Brazil Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 77 Argentina Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 78 Colombia Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 79 Peru Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 80 Rest of South America Industrial Boilers Market, By End-Use Industry, 2016–2023 (USD Million)
Table 81 Contracts and Agreements, 2013–2016
Table 82 Expansions, 2015
Table 83 Mergers & Acquisitions, 2014–2017
Table 84 New Product Launches, 2015

List of Figures (57 Figures)

Figure 1 Industrial Boilers Market Segmentation
Figure 2 Industrial Boilers Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 7 The Chemical End-Use Industry Segment Projected to Lead the Industrial Boilers Market From 2018 to 2023
Figure 8 The 10-150 BHP Segment Estimated to Lead the Industrial Boilers Market in 2018
Figure 9 The Natural Gas & Biomass Fuel Type Segment Expected to Lead the Industrial Boilers Market From 2018 to 2023
Figure 10 The Fire-Tube Boilers Type Segment Projected to Lead the Industrial Boilers Market From 2018 to 2023
Figure 11 Regional Snapshot
Figure 12 The Demand for Clean Energy Sources Projected to Drive the Growth of the Industrial Boilers Market During the Forecast Period
Figure 13 The Industrial Boilers Market in Asia Pacific Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 14 The Fire-Tube Boilers Type Segment Estimated to Lead the Industrial Boilers Market Across All Regions in 2018
Figure 15 The Natural Gas & Biomass Fuel Type Segment Estimated to Account for the Largest Share of the Industrial Boilers Market in 2018
Figure 16 The Industrial Boilers Market in India Projected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Drivers, Restraints, Opportunities, and Challenges in the Industrial Boilers Market
Figure 18 Industrial Boilers Market – Cost Structure Analysis
Figure 19 CAGR of the Global Chemical Industry, 2015-2018
Figure 20 The Natural Gas & Biomass Fuel Type Segment Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 21 Europe Expected to Lead the Natural Gas & Biomass-Based Industrial Boilers Market From 2018 to 2023
Figure 22 Middle East & Africa Projected to Lead Oil-Based Industrial Boilers Market From 2018 to 2023
Figure 23 Asia Pacific Expected to Lead the Coal-Based Industrial Boilers Market From 2018 to 2023
Figure 24 Asia Pacific Projected to Lead the Other Fuel Types-Based Industrial Boilers Market From 2018 to 2023
Figure 25 Fire-Tube Boilers Segment to Grow at Highest CAGR in the Global Industrial Boilers Market, By Type, 2018-2023
Figure 26 Fire-Tube Boilers Segment of the North America Industrial Boilers Market to Grow at the Highest CAGR, 2018-2023
Figure 27 Water-Tube Boilers Segment of North American and Asia Pacific Industrial Boilers Markets Projected to Grow at the Highest CAGR, 2018-2023
Figure 28 10-150 BHP Segment to Grow at the Highest CAGR in the Global Industrial Boilers Market, By BHP, 2018-2023
Figure 29 10-150 BHP Segment to Grow at the Highest CAGR in the Global Industrial Boilers Market, By BHP, 2018-2023
Figure 30 151-300 BHP Segment to Grow at the Highest CAGR in the North America Industrial Boilers Market During the Forecast Period, 2018-2023
Figure 31 301-600 BHP Segment to Grow at the Highest CAGR in the Middle East & Africa During the Forecast Period, 2018-2023
Figure 32 The Chemical End-Use Industry Segment Projected to Lead the Industrial Boilers Market From 2018 to 2023
Figure 33 Asia Pacific Projected to Lead the Industrial Boilers Market for Chemical Industry From 2018 to 2023
Figure 34 Asia Pacific Expected to Lead the Industrial Boilers Market for Food Industry From 2018 to 2023
Figure 35 Asia Pacific Projected to Lead the Industrial Boilers Market for Metals & Mining Industry From 2018 to 2023
Figure 36 Asia Pacific Projected to Lead the Industrial Boilers Market for Refineries Industry From 2018 to 2023
Figure 37 Asia Pacific Projected to Lead the Industrial Boilers Market for Other End-Use Industries From 2018 to 2023
Figure 38 Industrial Boilers Market, By Region, 2018
Figure 39 Asia Pacific Industrial Boilers Market Snapshot
Figure 40 Europe Industrial Boilers Market Snapshot
Figure 41 North America Industrial Boilers Market Snapshot
Figure 42 Contracts and Agreements are Key Growth Strategies Adopted By Leading Companies
Figure 43 Key Growth Strategies Adopted By Leading Players in the Industrial Boilers Market, 2013–2017
Figure 44 AMEC Foster Wheeler PLC.: Company Snapshot
Figure 45 AMEC Foster Wheeler PLC: SWOT Analysis
Figure 46 Babcock & Wilcox Enterprises, Inc.: Company Snapshot
Figure 47 Babcock & Wilcox Enterprises, Inc.: SWOT Analysis
Figure 48 Dongfang Electric Corporation Ltd.: Company Snapshot
Figure 49 Dongfang Electric Corporation, Ltd.: SWOT Analysis
Figure 50 General Electric Company: Company Snapshot
Figure 51 General Electric Company: SWOT Analysis
Figure 52 Siemens AG: Company Snapshot
Figure 53 Siemens AG: SWOT Analysis
Figure 54 Bharat Heavy Electricals Limited: Company Snapshot
Figure 55 Harbin Electric Corporation: Company Snapshot
Figure 56 IHI Corporation: Company Snapshot
Figure 57 Thermax Limited: Company Snapshot

Note: Product cover images may vary from those shown
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  • Ab&Co Group
  • AC Boilers S.P.A
  • Alfa Laval Aalborg
  • AMEC Foster Wheeler PLC
  • Andritz Energy & Environment
  • Babcock & Wilcox Enterprises, Inc.
  • Bharat Heavy Electricals Limited
  • Bryan Steam, LLC
  • Dongfang Electric Corporation Ltd.
  • General Electric Company
  • Harbin Electric Corporation
  • Hurst Boiler & Welding Company, Inc.
  • IHI Corporation
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Other Key Players
  • Robey-Wellman Boilers & Furnaces Ltd.
  • Siemens AG
  • Superior Boiler Works Inc.
  • Suzhou Hailu Heavy Industry
  • Taiyuan Boiler Group
  • Thermax Limited
  • Vapor Power International, LLC
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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