DUBLIN--(BUSINESS WIRE)--The "Industrial Boilers Market by Type (Fire-tube, Water-tube), Fuel Type (Natural Gas & Biomass, Oil, Coal), End-Use Industry (Chemical, Food, Refineries, Metals & Mining), Boiler Horsepower, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global industrial boilers market is estimated at USD 13.07 billion in 2018 and is projected to reach USD 17.18 billion by 2023, at a CAGR of 5.6% between 2018 and 2023.
Factors such as increasing demand from the food industry, growing demand for compact designs and lean operations, increasing use of natural gas in industrial activities, and government initiatives to promote clean energy and reduce dependency on fossil fuel directly or indirectly influence the global industrial boilers market. High installation cost is one of the major restraints for the industrial boilers market.
Based on boiler horsepower, the industrial boilers market has been segmented into 10-150 BHP, 151-300 BHP, and 301-600 BHP. The market is projected to be dominated by the 10-150 BHP segment by 2023, as most of the food and chemical industries prefer boilers in the 10-150 BHP range.
Based on end-use industry, the industrial boilers market has been segmented into food, chemical, refining, metals & mining, and others. The food segment is projected to grow at the highest CAGR during the forecast period, with increasing expansion of processed food companies in developing regions. The chemical end-use industry segment is expected to dominate the market demand for industrial boilers by 2023 owing to the capacity expansion of existing facilities and new plants in emerging regions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Industrial Boilers Market, By Fuel Type
8 Industrial Boilers Market, By Type
9 Industrial Boilers Market, By Boiler Horsepower
10 Industrial Boilers Market, By End-Use Industry
11 Regional Analysis
12 Competitive Landscape
13 Company Profiles
- Ab&Co Group
- AC Boilers S.P.A
- Alfa Laval Aalborg
- AMEC Foster Wheeler PLC
- Andritz Energy & Environment
- Babcock & Wilcox Enterprises, Inc.
- Bharat Heavy Electricals Limited
- Bryan Steam, LLC
- Dongfang Electric Corporation Ltd.
- General Electric Company
- Harbin Electric Corporation
- Hurst Boiler & Welding Company, Inc.
- IHI Corporation
- Mitsubishi Hitachi Power Systems, Ltd.
- Other Key Players
- Robey-Wellman Boilers & Furnaces Ltd.
- Siemens AG
- Superior Boiler Works Inc.
- Suzhou Hailu Heavy Industry
- Taiyuan Boiler Group
- Thermax Limited
- Vapor Power International, LLC
For more information about this report visit https://www.researchandmarkets.com/research/2sc962/industrial?w=4