Europe boiler system market was valued at USD 1,900.4 million in 2014, and is expected to reach USD 3,573.6 million by 2022.
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 Europe 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.
Germany dominates the market with 24% of share in 2015, in terms of value. It is expected to grow at 4.84% CAGR during the forecast period. Growing demand for clean energy sources is expected to drive the market in the region. While, U.K. is expected to grow at 4.59% CAGR and reach a market size of USD 703.9 million by 2022.
The report for europe 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||2023: USD 3,573.6 million|
|CAGR||6.09% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Capacity, Countries|
|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 Europe boiler system market is expected to record a substantial market valuation of USD 3.5 billion by 2022.
The Europe boiler system market is projected to register a moderate 6.09% CAGR in the forecast period.
Increasing demand for clean energy sources, rapid urbanization, and trends of the food processing industry are expected to drive the growth of the market.
the high maintenance cost is likely to hamper the growth of the smart well market over the review period.
The oil-fired segment is slated to expand as the fastest-growing segment.
The 20-40 tonnes segment is slated to expand as the fastest-growing segment.
A few major market players operating in the Europe boiler system market are Danstoker Boilers (Denmark), Bosch Industriekessel (Germany), among others.