DUBLIN, Dec 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Industrial Boilers Market - Global Forecast to 2026" report to their offering.
The industrial boilers market is estimated to be USD 10.92 Billion in 2016 and is projected to reach USD 17.77 Billion by 2026, at a CAGR of 5.0% between 2016 and 2026. Factors such as increasing demand for clean energy sources, increasing number of natural power plants, and government initiatives to promote clean energy and reduce dependency on fossil fuels are key factors expected to boost the growth of the industrial boilers market.
Major end-use industries in the industrial boilers market include food, chemical, refineries, primary metal, and others. The chemical segment is expected to witness highest growth, as this industry plays an integral role in the economy and provides various inputs to different areas of the economy.
Based on type, the industrial boilers market has been segmented into water tube and fire tube. The industrial boilers market was dominated by the water tube segment and is projected to grow at a higher rate than the fire tube segment, as water tube boilers are safer in terms of design and can operate longer than the fire tube boilers.
On the basis of boiler horsepower, the industrial boilers market was dominated by the 10BHP-150BHP segment, as most of end-use industries, such as chemical and food prefer boilers in range from 10BHP-150BHP
On the basis of fuel type, the industrial boilers market was dominated by the natural gas and biomass segment, as a majority of end-use industries, such as chemical, primary metal, and food predominantly use natural gas as their primary fuel. The growth of the segment can also be attributed to the fact that natural gas & biomass boilers are gradually replacing coal-based boilers in developed countries, owing to lower operational cost of using natural gas as compared to other fuels.
- 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
- (10+ Others)
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 Horse Power
10 Industrial Boilers Market, by End-Use Industry
11 Regional Analysis
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/29q8p7/industrial
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SOURCE Research and Markets