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Global Steam Boiler System Market (2021-2026) by Type, Components, Fuel, End User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 189 Pages
  • April 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5392919

The Global Steam Boiler System Market is estimated to be USD 19.8 Bn in 2021 and is expected to reach USD 25.5 Bn by 2026, growing at a CAGR of 5.2%.

Market Dynamics

Increasing industrialization and rising capacity of the power plants are the major factors driving the global steam boiler system market. In addition, the rising demand for electricity, hot water supply, and maintaining controlled temperature in industries and residential sectors are propelling the market growth. Furthermore, environmental norms are opening up new avenues for market players to increase market revenue. Companies are also incorporating new technologies such as IoT-enabled boilers with sensors to send a large amount of data to operators for predictive maintenance. Such integration of new technologies and increasing trends of green products are anticipated to offer remunerative growth opportunities for the player operating in the market.

However, the high investment and maintenance cost of the steam boiler system is anticipated to hinder the market growth.

Market Segmentation

The Global Steam Boiler System Market is segmented further based on Type, Components, Fuel, End User, and Geography.

By Type, the market is classified into water tube boiler and fire tube boiler. Amongst the two, the water tube boiler segment is estimated to hold the highest market share during the forecast period.

By Components, the market is classified as boiler, economizer, superheater, air preheater, and feed pump. Amongst all, the boiler segment is estimated to hold the highest market share during the forecast period.

By Fuel, the market is classified as coal-fired steam boiler, gas-fired steam boiler, biomass-fired steam boiler, oil-fired steam boiler, electric steam boiler. Amongst all, the coal-fired steam boiler segment is estimated to hold the highest market share during the forecast period.

By End User, the market is classified as power generation, refineries, and petrochemicals, food, and beverage. pharmaceuticals, and others. Amongst all, the power generation segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Angion and Vifor pharma announce the completion of enrollment in phase 2 study of ANG-3777 for cardiac surgery associated with acute kidney injury. - 29th April 2021
2. AM-pharma announces enrollment of the first patient in revival phase 3 pivotal trial in patients with sepsis-associated acute kidney injury. - 12th November 2020

Company Profiles

Some of the companies covered in this report are Babcock & Wilcox Enterprises Inc, Mitsubishi Hitachi Power Systems Ltd, Bosch Ltd, Forbes Marshall Pvt. Ltd, General Electric Company, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Steam Boiler System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.

The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.

The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.

The report also contains a competitive analysis using the Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Steam Boiler System Market

What is the estimated value of the Global Steam Boiler System Market?

The Global Steam Boiler System Market was estimated to be valued at $19800 Million in 2021.

What is the growth rate of the Global Steam Boiler System Market?

The growth rate of the Global Steam Boiler System Market is 5.2%, with an estimated value of $25500 Million by 2026.

What is the forecasted size of the Global Steam Boiler System Market?

The Global Steam Boiler System Market is estimated to be worth $25500 Million by 2026.

Who are the key companies in the Global Steam Boiler System Market?

Key companies in the Global Steam Boiler System Market include Alfa Laval Corporate AB, Babcock & Wilcox Enterprises Inc, Bosch Ltd, Byworth Boilers Limited, Cleaver, Brooks, Inc., Devotion Machineries Co., Ltd, Doosan Heavy Industries & Construction and Foster Wheeler Ltd.,.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Industrialization and Power Plant Capacity
4.1.2 Growing Demand for Electricity
4.2 Restraints
4.2.1 High Cost of Investment and Maintenance
4.2.2 Alternative Methods for Power Generation
4.3 Opportunities
4.3.1 Rising Demand of New Gen Steam Boilers
4.4 Challenges
4.4.1 Boiler Efficiency and Steam Quality
4.4.2 Stringent Government Regulations for Fuel Emission and Trend of Renewable Energy Source
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Steam Boiler System Market, By Type
6.1 Introduction
6.2 Water Tube Boiler
6.3 Fire Tube Boiler
7 Global Steam Boiler System Market, By Components
7.1 Introduction
7.2 Boiler
7.3 Economizer
7.4 Super Heater
7.5 Air Preheater
7.6 Feed Pumps
8 Global Steam Boiler System Market, By Fuels
8.1 Introduction
8.2 Coal-fired Steam Boiler
8.3 Gas-fired Steam Boiler
8.4 Biomass-fired Steam Boiler
8.5 Oil-fired Steam Boiler
8.6 Electric Steam Boiler
9 Global Steam Boiler System Market, By End User
9.1 Introduction
9.2 Power Generation
9.3 Refineries and Petrochemicals
9.4 Food and Beverage
9.5 Pharmaceuticals
9.6 Others
10 Global Steam Boiler System Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 South America
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Chile
10.3.4 Colombia
10.4 Europe
10.4.1 UK
10.4.2 France
10.4.3 Germany
10.4.4 Italy
10.4.5 Spain
10.4.6 Netherlands
10.4.7 Sweden
10.4.8 Russia
10.4.9 Rest of Europe
10.5 Asia-Pacific
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4 Indonesia
10.5.5 Malaysia
10.5.6 South Korea
10.5.7 Australia
10.5.8 Sri Lanka
10.5.9 Thailand
10.5.10 Rest of APAC
10.6 Middle-East and Africa
10.6.1 Qatar
10.6.2 Saudi Arabia
10.6.3 South Africa
10.6.4 United Arab Emirates
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 Alfa Laval Corporate AB
12.2 Babcock & Wilcox Enterprises Inc
12.3 Bosch Ltd
12.4 Byworth Boilers Limited
12.5 Cleaver-Brooks, Inc.
12.6 Devotion Machineries Co., Ltd
12.7 Doosan Heavy Industries & Construction
12.8 Forbes Marshall Pvt. Ltd.
12.9 Foster Wheeler Ltd.,
12.10 Fulton Boiler Works, Inc.
12.11 Cochran
12.12 General Electric Company
12.13 Hurst Boiler and Welding Co, Inc
12.14 Mitsubishi Hitachi Power Systems, Ltd.,
12.15 Parker Boiler Co.
12.16 Rentech Boiler Systems Inc
12.17 Siemens AG
12.18 Thermax Group
12.19 Viessmann Group
12.20 Zhengzhou Boiler (Group) Co., Ltd.
13 Appendix
13.1 Questionnaire

Companies Mentioned

  • Alfa Laval Corporate AB
  • Babcock & Wilcox Enterprises Inc
  • Bosch Ltd
  • Byworth Boilers Limited
  • Cleaver-Brooks, Inc.
  • Devotion Machineries Co., Ltd
  • Doosan Heavy Industries & Construction
  • Forbes Marshall Pvt. Ltd.
  • Foster Wheeler Ltd.,
  • Fulton Boiler Works, Inc.
  • Cochran
  • General Electric Company
  • Hurst Boiler and Welding Co, Inc
  • Mitsubishi Hitachi Power Systems, Ltd.,
  • Parker Boiler Co.
  • Rentech Boiler Systems Inc
  • Siemens AG
  • Thermax Group
  • Viessmann Group
  • Zhengzhou Boiler (Group) Co., Ltd.