Boiler Market size was valued at USD 15.46 Bn. in 2021 and the total Boiler revenue is expected to grow at a CAGR of 5.9% from 2022 to 2029, reaching nearly USD 24.45 Bn.
Boiler Market Overview
For manufacturers, suppliers, distributors, and investors, Maximize Market Research’s study on the Boiler Market offers comprehensive market information. The data and facts presented in this study are useful to all market participants in the worldwide Boiler Market, including business researchers, journalists, and professionals in the field.
The report by Maximize Market Research illustrates how to conduct in-depth analysis of the global Boiler Market and draw conclusions regarding the market’s potential drivers of future growth. To assure the validity and authenticity of the findings in this study, a combination of primary and secondary research approaches was used in the research process.
Boiler Market Scope
The report is a detailed analysis of the Boiler Market covering all the major aspects such as segments, country-wise, and region-wise. For a better understanding of Boiler Market penetration, competitive structure, pricing analysis, and demand analysis of the market is undertaken at the local, regional, and global levels. Major leading companies are mentioned by region, along with their revenue, financial status, portfolio, developments, mergers & acquisitions, and strategic alliances, for competitive analysis of the Boiler Market. The total Boiler market size, volume, and various segment estimates were validated using the Bottom-up approach.
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Boiler Market Segmentation :
By End-Use Industry, the Chemicals industry segment held the largest market share of about 38.45% and dominated the Boiler market in 2021. It is further expected to maintain its dominance at the end of the forecast period with the highest CAGR of 5.4%. The rising need for high-quality steam for the manufacturing of chemicals such as petrochemicals, industrial gases, alkali and chlorine, synthetic rubber, synthetic organic fibers, and agricultural chemicals has contributed to the domination (of fertilizers and pesticides). Emerging markets for energy consumption in the chemical sector, such as India and China, are supporting the growth of the industrial boilers market in the chemical industry.
by Fuel Type
• Natural Gas & Biomass
• Coal
• Oil
• Others
by Boiler Type
• Fire-Tube
• Water-Tube
by Boiler Horsepower
• 10-150 BHP
• 151-300 BHP
• 301-600 BHP
by End-Use Industry
• Chemical
• Food
• Refineries
• Metals & Mining
• Others
Boiler Market Key Players :
• Parker Boiler (US)
• Cleaver-Brooks, Inc. (US)
• Thermax Inc (US)
• Weil-McLain (US)
• Fulton Boiler Works, Inc. (US)
• General Electric (US)
• Babcock & Wilcox Enterprises, Inc. (US)
• BURNHAM COMMERCIAL BOILERS (US)
• Hurst Boiler & Welding Co, Inc. (US)
• Bryan Steam LLC (US)
• Superior Boiler (US)
• Vapor Power International LLC (US)
• Siemens AG (Germany)
• Cochran Ltd (UK)
• John Wood Group plc (UK)
• Vattenfall AB (Sweden)
• Alfa Laval AB (Sweden)
• Sofinter S.p.a (Iatly)
• ANDRITZ AG (Austria)
• ABB Ltd (Switzerland)
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Regional Analysis
Geographically, the report is segmented into several key countries, including market size, growth rate, import and export of market in these countries, covering North America, Europe, UK, Germany, France, Spain, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa. To keep ahead of the competition, market research gains a better perspective and understanding of the Boiler market and target audience.
Key Questions answered in the Boiler Market Report are:
Key offerings:
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Mar 03, 2023