Global Steam Boiler System Market Trends, Applications, Analysis, Growth, and Forecast to 2027
-
7150
-
May 2023
-
171
-
-
This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
-
MarketResearch.biz delivers in-depth insights on the global steam boiler system market in its upcoming report titled, “Global Steam Boiler System Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global steam boiler system market is estimated to register a CAGR of approximately 4.5% in terms of value during forecast period 2018 to 2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global steam boiler system market has been segmented on the basis of component, type, fuel, end-user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
A steam boiler systems are devices that are used to create steam by applying heat energy to water. Steam boilers are primarily used for generating power in steam engines or steam turbines. Rising demand for energy across the world is expected to create positive impact on the uptake of steam boiler systems. Steam boiler systems can be either water tube boiler or fire tube boiler.
Growing adoption of steam boiler system, owing to rapid increasing demand for the electricity is a major factor expected to drive growth of the global steam boiler system market in the near future. In addition, rising demand for steam boiler system, owing to increasing capacity of power plant is another factor expected to fuel growth of the target market over the forecast period.
However, increasing focus on renewable energy sources for power generation is major factor expected to hamper growth rate of the global steam boiler system market over the forecast period. Also, high costs associated with the installation of the steam boiler system is another factor expected to limit growth of the target market in the near future.
Currently, market in Asia-Pacific accounts for highest market share in the global steam boiler system market and is expected to maintain dominance over the forecast period. This can be attributed to growing massive investments in the manufacturing industries in order to meet rapidly growing demand for electricity in countries such as China, India, and Japan in the region. The market in North America is also expected to witness significant growth over the forecast period, owing to increasing demand for steam boiler system to suffice the electricity requirement, especially in the US. Also the market in Asia-Pacific is expected to register a CAGR of X.X% during the forecast period.
Global steam boiler system market segmentation:
By Component
- Boiler
- Economizer
- Superheater
- Air preheater
- Feed pump
By Type
- Water tube boiler
- Fire tube boiler
By Fuel
- Coal-fired Steam Boiler
- Gas-fired Steam Boiler
- Biomass-fired Steam Boiler
- Oil-fired Steam Boiler
- Electric Steam Boiler
By End-User
- Power Generation
- Oil & Gas
- Chemical
- Process Industry
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
-
- Robert Bosch GmbH
- General Electric
- Alfa Laval Corporate AB
- Thermax Limited
- Cochran Inc.
- Viessmann Werke GmbH & Co. KG
- Doosan Corporation
Our Clients
View Our Licence Options
