Boiler system market was valued at USD 1,900.4 million in 2014, and is expected to reach USD 24.92 billion by 2027. CAGR 4.84% by 2027
Boiler is a pressure vessel that is used to create and supply steam required for various processes within industries. Industrial Boilers are extensively used across industries such as metal, food & beverage and chemical. The recent trends in the industrial boiler market suggest increasing demand for higher efficiency and effectively. The growth of Global boiler system is due to factors such as significant growth in the food processing sector and growing demand for clean energy sources. However, high maintenance cost is the major restraint that could hinder the market growth.
Danstoker Boilers (Denmark), Bosch Industriekessel (Germany), Babcock & Wilcox Enterprises, Inc. (U.S.), AC Boilers S.p.A (Italy), Mitsubishi Hitachi Power Systems, Ltd. (Japan), ATTSU Termica (Spain), Rentech Boilers (U.S.), Byworth Boilers (U.K.), Proodos Industrial Boilers (Greece), and Siemens AG (Germany) are some of the leading players operating in this market.
Study objectives of Global Boiler System Market
Regional Analysis of Global Boiler System Market
Europe and Asia-Pacific are expected to witness significant growth during the forecast period mainly due to the presence of established manufacturing industries which support the growth of the boiler system market. Rising rate of industrialization and increasing demand for energy in the Asia-pacific region are also expected to boost the sales in the global boiler system market.
The report for global boiler System market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2022: USD 24.92 billion|
|CAGR||2027: 4.83% CAGR|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Capacity|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Danstoker Boilers (Denmark), Bosch Industriekessel (Germany), Babcock & Wilcox Enterprises, Inc. (U.S.), AC Boilers S.p.A (Italy), Mitsubishi Hitachi Power Systems, Ltd. (Japan), ATTSU Termica (Spain), Rentech Boilers (U.S.), Byworth Boilers (U.K.), Proodos Industrial Boilers (Greece), and Siemens AG (Germany)|
|Key Market Opportunities||Shifting Focus Towards High Performance Boilers|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The boiler system market can thrive at a high CAGR by 2022.
By 2022, the global market of boiler system can value at USD 3,573.6 Mn.
Rentech Boilers (U.S.), Proodos Industrial Boilers (Greece), and Byworth Boilers (U.K.) are some key players of the boiler system market.
The global boiler system market can be propelled by the expansion of the manufacturing industry.
The presence of numerous manufacturing units in the APAC region can bolster the regional market growth.
In 2014, the global market of boiler system valued at USD 1,900.4 Mn.
Boiler systems are two types, they are oil fired and gas fired.