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Steam Boiler System Market - Forecasts from 2019 to 2024

  • ID: 4801654
  • Report
  • 116 pages
  • Knowledge Sourcing Intelligence LLP
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • Alfa Laval
  • Bosch
  • Byworth
  • Cleaver-Brooks
  • Forbes Marshall
  • GE
  • MORE
The steam boiler systems market is estimated to witness a CAGR of 4.85% to reach US$16.116 billion in 2024 from US$12.129 billion in 2018. A steam boiler system is an economical way to create and move steam around a facility. The boiler creates steam by applying heat energy to water which is then used for generating power in steam engines or steam turbines, in process industries for various processes, for heating the buildings in cold weather and to produce hot water for hot water supply. There are two main types of steam boilers, fire tube, and water tube boilers. These systems are being used in Oil & Gas, Power, Chemical and Food processing industries and in residential areas as well. The boilers can be coal-fired, oil fired or biomass-fired and each of them is designed differently. Coal is one of the major fuels used due to its easy availability and low cost. The Asia Pacific region holds a significant market share due to industrial growth in countries like India and China.

Rapid urbanization and expansion of manufacturing industries increase the demand for electricity which is considered as the driving factor for the growth of the steam boiler systems market. New power plants are being constructed and the power generation capacity of existing ones are being increased. Increasing adoption of steam boilers in the commercial and residential sector also anticipate the growth of steam boilers market in the forecast period. High initial and maintenance cost of steam boilers is considered as the restraining factor for the growth of the market

Drivers

Rapid urbanization and expansion of manufacturing industries
Increased usage of steam boilers in commercial and residential areas

Restraints

High initial and maintenance costs

Segmentation

The steam boiler system market has been analyzed through the following segments:

By Product Type
  • Fire tube boiler
  • Water tube boiler
By Fuel Type
  • Coal
  • Oil
  • Biomass
  • Others
By End Users
  • Oil and Gas Industry
  • Chemical industry
  • Power Generation
  • Others
By Geography
  • North America
  • USA
  • Canada
  • Mexico
South America
  • Brazil
  • Argentina
  • Others
Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
Middle East and Africa
  • Saudi Arabia
  • Israel
  • Others
Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Others
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alfa Laval
  • Bosch
  • Byworth
  • Cleaver-Brooks
  • Forbes Marshall
  • GE
  • MORE
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources

3. KEY FINDINGS

4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. STEAM BOILER SYSTEM MARKET BY PRODUCT TYPE
5.1. Fire Tube Boiler
5.2. Water Tube Boiler

6. STEAM BOILER SYSTEM MARKET BY FUEL TYPE
6.1. Coal
6.2. Oil
6.3. Biomass
6.4. Others

7. STEAM BOILER SYSTEM MARKET BY END USERS
7.1 Oil and Gas industry
7.2 Chemical industry
7.3 Power Generation
7.4 Others

8. STEAM BOILER SYSTEM MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others

9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players

10. COMPANY PROFILES
10.1. Thermax
10.2. GE
10.3. Alfa Laval
10.4. Bosch
10.5. Cleaver-Brooks
10.6. Cochran Dura-Line Holdings, Inc
10.7. Byworth
10.8. Forbes Marshall
10.9. Parker Boiler
10.10. Viessmann
Note: Product cover images may vary from those shown
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  • Thermax
  • GE
  • Alfa Laval
  • Bosch
  • Cleaver-Brooks
  • Cochran Dura-Line Holdings, Inc
  • Byworth
  • Forbes Marshall
  • Parker Boiler
  • Viessmann
Note: Product cover images may vary from those shown
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The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.

The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.

The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.

 

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