Ocean View, Delaware, Aug. 10, 2017 (GLOBE NEWSWIRE) --
The Industry share report “Global Industrial Boiler Market By Capacity (≤10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, ≥250 MMBtu/hr ), By Product (Fire-tube, Water-tube), By Technology (Condensing, Non-condensing), By Fuel (Natural Gas, Oil, Coal), By Application (Food, Paper, Chemical, Refinery, Primary Metals), Analysis Report, Regional Outlook (U.S., Canada, Mexico, France, UK, Poland, Italy, Spain, Austria, Germany, Sweden, Russia, China, India, Japan, South Korea, Australia, Indonesia, Philippines, Saudi Arabia, Iran, UAE, Egypt, Nigeria, Kenya, Morocco, South Africa, Brazil, Argentina, Columbia, Chile, Venezuela) , Competitive Market Analysis & Forecast, 2017 – 2024” by Global Market Insights, Inc. forecast Industrial Boiler Market share is anticipated to cross USD 6 billion by 2024.
Rapid industrialization across developing economies along with increasing demand for high efficiency heating units will drive the global industrial boiler market growth. Countries across Asia-Pacific and Africa have planned huge investments toward improving industrial output which will positively stimulate the product demand. In Sub-Saharan Africa, manufacturing exports accounted for over USD 100 billion in 2014 compared to USD 50 billion in 2005. Rising foreign direct investment across emerging economies will further enhance the business outlook.
U.S. industrial boiler market is predicted to witness robust growth owing to ongoing investments toward refurbishment and upgradation of the existing heating units. Robust growth across food processing and chemical sector will further embellish the business growth. In 2015, food industry in the U.S. attracted FDI investments worth USD 78.3 billion. Government efforts towards reducing carbon footprint will further stimulate the product demand.
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Refinery applications annual installations is set to exceed 13 thousand units by 2024. Growing demand for refined petroleum distillates coupled with rising consumption of other petroleum products will stimulate the industrial boiler market. Ongoing efforts to reduce carbon footprint along with government norms towards low sulphur content in petroleum products will further complement the business growth.
Browse key industry insights spread across 500 pages with 912 market data tables & 12 figures & charts from the report, “Global Industrial Boiler Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-boilers-market
Supportive government policies toward installation of energy efficient heating systems coupled with replacement of traditional boilers will fuel the industrial boiler market. In January 2017, France announced to cut carbon emission by 40% by 2030 and 75% by 2050 from 1990 levels. In year 2014, manufacturing accounted for over 15% of CO 2 emissions in the country.
100-250 MMBtu/hr in 2016 accounted for over 17% of industrial boiler market revenue. Ongoing investments toward heavy industries coupled with rising applications across refinery and pulp & paper industries will embellish the business growth. In July 2017, government of Nigeria licensed 10 modular refineries in an ongoing effort to make Nigeria oil and gas hub of the Africa. Positive outlook towards food processing industry across Asia-Pacific will further escalate the product demand.
Saudi Arabia industrial boiler market size will grow owing to government efforts towards economic diversification coupled with recovering oil prices. In April 2016, the government of Saudi Arabia announced Saudi Vision 2030 plan which aims towards restructuring the economy through diversification and privatization of its industries. Country’s economy is heavily dependent on oil and under Vision 2030 goal, government has set target of increasing economic participation of private players to 65%.
Notable players in global industrial boiler market include GE, Fulton, Cleaver-Brooks, BHEL, Forbes Marshall, Thermax, Cochran, Clayton, and Mitsubishi. Other notable market players include Rentech, Doosan, Foster Wheeler, Babcock and Wilcox, Hurst Boiler and Welding, Parker and Saudi Boilers.
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Browse Related Reports:
- Global Boiler Market Size 2017 – 2024
Global Boiler Market share was valued over USD 37 billion in 2016 and the annual installation is set to cross 11 million units by 2024, propelled by rising electricity demand coupled with rampant investments toward industrial sector.
https://www.gminsights.com/industry-analysis/boiler-market
- U.S. Commercial Boiler Market Size 2017 – 2024
U.S. Commercial Boiler Market share was over USD 850 million in 2016 and the annual installation is set to surpass 80,000 units by 2024, due to increasing government spending towards healthcare and education sector.
https://www.gminsights.com/industry-analysis/US-commercial-boiler-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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