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
What is the estimated value of the Global Steam Boiler System Market?
What is the growth rate of the Global Steam Boiler System Market?
What is the forecasted size of the Global Steam Boiler System Market?
Who are the key companies in the Global Steam Boiler System Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 189 |
| Published | April 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD
| USD 19800 Million |
| Forecasted Market Value ( USD
| USD 25500 Million |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
Table of Contents
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.
