Global $21.6 Bn Steam Boiler System Market 2018-2023 - Leading Players are Bosch, GE, Alfa Laval, Thermax, Cochran, Viessman and Doosan
DUBLIN, Aug. 21, 2018 /PRNewswire/ --
The "Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global steam boiler system market is projected to reach a market size of USD 21.63 billion by 2023, at a CAGR of 4.13%, from an estimated USD 17.66 billion in 2018.
This growth can be attributed to the increase in the use of steam boilers in manufacturing and process industry globally. Moreover, to support the rise in demand for power from manufacturing industries new power plants are being setup which is further increasing the demand for steam boiler system.
The report segments the steam boiler system market, by component, into boiler, economizer, superheater, air preheater, and feed pump. The boiler segment is expected to hold the largest market share by 2023. Increase in demand for power from the developing countries and large investments for capacity addition are likely to drive the demand for steam boilers.
The steam boiler system market, by type, is segmented into water-tube boiler and fire-tube boiler. The water-tube boiler segment is expected to be the largest market for the steam boiler system by 2023. Water-tube boilers provide higher efficiency and can produce high-temperature steam suitable for power generation utilities. Increase in capacity addition to meet the rise in demand for power would drive the water-tube boiler segment during the forecast period.
Coal is one of the major fuels used in the steam boiler system market. According to the IEA, coal fuels 40% of global electricity production. Moreover, it is the most widely used fossil fuel for power generation in the developing countries. Easy availability and relatively lower cost are some of the major factors driving the coal-fired steam boilers market.
Chemical is expected to hold the highest CAGR during the forecast period in the end-user segment. The Asia Pacific is anticipated to lead the chemical, by end-user segment, for the steam boiler system market. Capacity expansion coupled with the higher consumer purchasing power is likely to drive the demand for chemicals.
The leading players in the steam boiler system market include Bosch (Germany), GE (US), Alfa Laval (Sweden), Thermax (India), Cochran (UK), Viessmann (Germany), and Doosan (South Korea). New product developments and contracts & agreements were the most commonly adopted strategies by the top players. This was followed by mergers & acquisitions and investments & expansions.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Steam Boiler System Market
4.2 Steam Boiler System Market, By Country
4.3 Asia Pacific Steam Boiler System Market, By End-User & Country
4.4 Steam Boiler System Market, By Component
4.5 Steam Boiler System Market, By Type
4.6 Steam Boiler System Market, By Fuel
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid Increase in the Demand for Electricity
5.2.1.2 Increase in Power Plant Capacity Addition
5.2.2 Restraints
5.2.2.1 Focus on Renewable Energy Sources for Power Generation
5.2.2.2 High Installation Cost
5.2.3 Opportunities
5.2.3.1 Rise in the Demand for Compact Design of the Steam Boiler
5.2.3.2 Aging Power Generation Infrastructure
5.2.4 Challenges
5.2.4.1 Strict Emission Standards
5.2.4.2 Boiler Efficiency and Steam Quality
6 Steam Boiler System Market, By Component
6.1 Introduction
6.2 Boiler
6.3 Economizer
6.4 Superheater
6.5 Air Preheater
6.6 Feed Pump
7 Steam Boiler Systems Market, By Type
7.1 Introduction
7.2 Water-Tube Boiler
7.3 Fire-Tube Boiler
8 Steam Boiler Systems Market, By Fuel
8.1 Introduction
8.2 Coal-Fired Steam Boiler
8.3 Gas-Fired Steam Boiler
8.4 Oil-Fired Steam Boiler
8.5 Biomass-Fired Steam Boiler
8.6 Electric Steam Boiler
9 Steam Boiler System Market, By End-User
9.1 Introduction
9.2 Power Generation
9.3 Oil & Gas
9.4 Chemical
9.5 Process Industry
9.6 Primary Metal
10 Steam Boiler System Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.3 North America
10.4 Europe
10.5 Middle East & Africa
10.6 South America
11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players and Industry Concentration, 2017
11.3 Competitive Scenario
11.3.1 Contracts & Agreements, 2015-2018
11.3.2 New Product Developments, 2015-2018
11.3.3 Investments & Expansions, 2015-2018
11.3.4 Mergers & Acquisitions, 2015-2018
12 Company Profiles
12.1 Benchmarking
12.2 Alfa Laval
12.3 Bosch
12.4 GE
12.5 Thermax
12.6 Byworth Boilers
12.7 Cleaver-Brooks
12.8 Cochran
12.9 Doosan Heavy Industries & Construction
12.10 Devotion Machineries
12.11 Forbes Marshall
12.12 Fulton
12.13 Parker Boiler
12.14 Rentech Boilers
12.15 Thermodyne Engineering System
12.16 Viessmann
12.17 Zhengzhou Boiler (Group) Co., Ltd.
12.18 Other Key Players in the Steam Boiler System Market
12.18.1 Bhel
12.18.2 Hurst Boilers
12.18.3 AMEC Foster Wheeler
12.18.4 Siemens
12.18.5 Vapor Power International
12.18.6 Mitsubishi
For more information about this report visit https://www.researchandmarkets.com/research/wgm66b/global_21_6_bn?w=5
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