GLOBAL INDUSTRIAL BOILER MARKET FORECAST AND OPPORTUNITIES, 2019

Global Industrial Boiler Market Forecast and Opportunities, 2019

Industrial boilers are being widely deployed in diverse industries such as power generation, chemical, oil and gas, and food and beverage. On the basis of configuration, industrial boilers are mainly classified into two types, water tube boilers and fire tube boilers. Water tube boilers hold larger share than that of fire tube boilers, mainly due to their ability to operate at higher pressure than fire tube boilers. Globally, Asia-Pacific accounts for the largest demand share of industrial boilers. Within Asia-Pacific, China dominates due to its growing industrial activity and rising demand for power generation. Besides China, other Asian countries like India and Japan are also expected to witness increasing demand for industrial boilers over the next five years. With increasing focus on new technology, the demand for circulating fluidized bed (CFB) boilers is expected to increase at a higher rate in coming years. CFB boilers have the ability to burn different fuels, which is boosting their adoption across the globe.

“Global Industrial Boiler Market Forecast & Opportunities, 2019”, the global industrial boiler market is forecast to surpass USD32 billion in 2014. The most important factor driving growth of industrial boilers market is the increasing demand from the emerging economies. Leading companies operating in industrial boilers market include Hitachi Limited, Alstom SA, and Foster Wheeler AG. These companies are constantly focused on offering advanced products with higher heat transfer rates and lower fouling. Apart from this, these companies are making huge R&D investments for enhancing the quality of these boilers.

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