Capital News

Industrial Boilers Market is diversified and competitive, with a large number of players

 Breaking News
  • No posts were found

Industrial Boilers Market is diversified and competitive, with a large number of players

April 28
23:03 2020
Industrial Boilers Market is diversified and competitive, with a large number of players

Browse 77 market data Tables and 46 Figures spread through 173 Pages and in-depth TOC on “Industrial Boilers Market”
Industrial Boilers Market by Fuel Type (Natural Gas & Biomass, Oil, Coal), Boiler Type (Fire-Tube, Water-Tube), Boiler Horsepower, End-Use Industry (Chemical, Food, Refineries, Metals & Mining), and Region

The industrial boilers market is estimated at USD 14.6 billion and is projected to reach USD 19.3 billion by 2025, at a CAGR of 5.7% from 2020 to 2025. The chemical end-use industry was the largest consumer of industrial boilers owing to demand for heat energy at high temperature and pressure for the production and processing of chemicals such as organic chemicals and bulk chemicals. Rising environmental concerns for CO2 emissions are expected to fuel the growth of the natural gas & biomass fuel type segment in the industrial boilers market.

Major companies such as Babcock & Wilcox Enterprises, Inc. (US), GE Power (US), Siemens AG (Germany), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC Ltd.) (China), Bharat Heavy Electricals Limited (BHEL) (India), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), ANDRITZ AG (Austria), Thermax Limited (India), Robert Bosch GmbH (Germany), Sofinter Group (Italy), Cleaver-Brooks, Inc. (US), Byworth Boilers Limited (UK), and others are key players in the industrial boilers market. These players have been focusing on developmental strategies, such as contracts, agreements, expansions, mergers & acquisitions, partnerships, and new product launches & developments, which have helped them expand their businesses in untapped and potential markets. They have also been adopting various organic and inorganic growth strategies, such as contracts, new product developments, acquisitions, and expansions, to enhance their current positions in the industrial boilers market.

To know about the assumptions considered for the study download the pdf brochure

Babcock & Wilcox Enterprises, Inc. (US) is a global leader in energy and environmental technologies and services for the power and industrial markets. The company is a leading technology-based provider of advanced steam production for power generation and other industrial and municipal applications. The company has strong product offerings that are distributed across various regions such as North America, Europe, and Asia Pacific. It is primarily focused on inorganic growth strategies such as agreements & contracts to enhance its reach on a global scale, thereby helping it strengthen its product portfolio.

  • In September 2019, the Babcock & Wilcox Company (B&W), a subsidiary of Babcock & Wilcox Enterprises, Inc., entered into a strategic collaboration agreement with John Zink Hamworthy Combustion (JZHC) (US) to pair JZHC’s Coen ultra-low-NOx emission burners with B&W’s water-tube package boilers. Companies market the combined burner and boiler solution to their customers in industries, including refining, petrochemical, pulp & paper, mining, manufacturing, utilities, and others.

 

GE Power (GEP) provides power generation and water processing products and related services. GEP is one of the principal subsidiaries and a business division of the General Electric Company (GE). Operating in more than 700 locations in 180 countries, the company’s technology produces a third of the world’s electricity, equips 90% of power transmission utilities worldwide, and their software manages more than 40% of the world’s energy. GEP’s steam power business is an industry leader in developing supercritical steam generation technology. GEP’s installed base of utility boilers makes up about 30% of all boilers installed or under construction worldwide.

  • In April 2019, GE Power India was awarded a contract by NTPC (India) to supply in-combustion system modification of the boiler 10 GW of a thermal power plant in India. The order is valued at USD 20 million.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Sanjay Gupta
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/industrial-boiler-market-130210505.html