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US Boiler Insurance Market (2022-2027) by Type, Fuel, Coverage Type, End-User, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 180 Pages
  • March 2022
  • Region: United States
  • Infogence Global Research
  • ID: 5566966
The US Boiler Insurance Market is estimated to be USD 2.17 Bn in 2022 and is expected to reach USD 4.43 Bn by 2027, growing at a CAGR of 15.35%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the US Boiler Insurance Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentation

The US Boiler Insurance Market is segmented based on Type, Fuel, Coverage Type, and End-User.
  • By Type, the market is classified into Fire-tube and Water-tube.
  • By Fuel, the market is classified into Natural Gas, Coal, and Oil.
  • By Coverage Type, the market is classified into Boiler Cover, Boiler & Central Heating, Boiler, Central Heating, and Plumbing & Wiring Cover.
  • By End-User, the market is classified into Chemicals, Refineries, Metal and Mining, Food and Beverage, and Others.

Report Highlights:

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Hartford Steam Boiler, ARISE Inc., Cincinnati Insurance Companies, Factory Mutual Insurance 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.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Boiler Insurance Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses US Boiler Insurance Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the US Boiler Insurance 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 the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the 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 US Boiler Insurance Market

What is the estimated value of the US Boiler Insurance Market?

The US Boiler Insurance Market was estimated to be valued at $2.17 Billion in 2022.

What is the growth rate of the US Boiler Insurance Market?

The growth rate of the US Boiler Insurance Market is 15.3%, with an estimated value of $4.43 Billion by 2027.

What is the forecasted size of the US Boiler Insurance Market?

The US Boiler Insurance Market is estimated to be worth $4.43 Billion by 2027.

Who are the key companies in the US Boiler Insurance Market?

Key companies in the US Boiler Insurance Market include Hartford Steam Boiler, ARISE Inc., Chubb, OneCis Insurance Co., Cincinnati Insurance Companies, Sompo International Insurance, Starr Boiler Machinery & Engineering, Factory Mutual Insurance Company, Travelers – Risk Control and XL Insurance America.

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 Stakeholders
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, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increase in Demand for Boiler Insurance Among The Industrial and Commercial Sector
4.1.2 High Cost of Boilers and Boiler Repair & Services
4.1.3 Specialized Services Offered
4.2 Restraints
4.2.1 Extended Warranty's of Boilers
4.3 Opportunities
4.3.1 Rise in Demand for Third-Party Liability Coverage
4.3.2 Surge in Small & Medium Boiler Insurance Providers
4.4 Challenges
4.4.1 Unfavorable Insurance Policy
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 US Boiler Insurance Market, By Type
6.1 Introduction
6.2 Fire-tube
6.3 Water-tube
7 US Boiler Insurance Market, By Fuel
7.1 Introduction
7.2 Natural gas
7.3 Coal
7.4 Oil
8 US Boiler Insurance Market, By Coverage Type
8.1 Introduction
8.2 Boiler cover
8.3 Boiler & central heating
8.4 Boiler, central heating, plumbing & wiring cover
9 US Boiler Insurance Market, By End-User
9.1 Introduction
9.2 Chemicals
9.3 Refineries
9.4 Metal and Mining
9.5 Food and Beverage
9.6 Others
10 Company Profiles
10.1 Hartford Steam Boiler
10.2 ARISE Inc.
10.3 Chubb
10.4 OneCis Insurance Co.
10.5 Cincinnati Insurance Companies
10.6 Sompo International Insurance
10.7 Starr Boiler Machinery & Engineering
10.8 Factory Mutual Insurance Company
10.9 Travelers – Risk Control
10.10 XL Insurance America
11 Appendix
11.1 Questionnaire

Companies Mentioned

  • Hartford Steam Boiler
  • ARISE Inc.
  • Chubb
  • OneCis Insurance Co.
  • Cincinnati Insurance Companies
  • Sompo International Insurance
  • Starr Boiler Machinery & Engineering
  • Factory Mutual Insurance Company
  • Travelers – Risk Control
  • XL Insurance America