Selbyville, Delaware , Nov. 18, 2020 (GLOBE NEWSWIRE) -- As per authentic estimates, Asia-Pacific boiler market is set to record remunerative growth over the period of 2020-2026. The growth can be credited to increasing utilization of energy-efficient heating technologies and strict regulatory scenario towards emission mitigation.
The study highlights several growth factors, challenges & restraints, and additional expansion opportunities which are defining the growth matrix of this industry landscape over 2020-2026. Besides, the research report also measures the impact of COVID-19 on the remuneration scale of Asia-Pacific boiler market.
Growing population along with increasing energy demand are also driving the market growth. Focus towards replacing existing boilers with advanced heating solutions and rapid urbanization are additional factors that are complementing the business outlook in Asia-Pacific.
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Highlighting the market segmentations
As per capacity type
Asia-Pacific boiler market size from >250 MMBtu/hr segment is reckoned to witness commendable growth during the estimated timeframe. Emphasis towards improving power generation capabilities in order to cater to growing energy demand in consort with widespread product adoption in steam intensive applications, food processing industry, and thermal power plants are positively impacting the growth of the segment.
Based on product landscape
Fire-tube segment is estimated to generate considerable revenues for Asia-Pacific boiler industry in the forthcoming years. The product provides various benefits such as easy installation, quick response time, and low operating costs.
Increasing modernization of small-scale enterprises along with growing demand for space heating solutions in commercial establishments are positively swaying the overall business dynamics in Asia-Pacific. Introduction of strict regulations which focus on improving energy security are also boosting APAC boiler market outlook from fire-tube segment.
Moving on to fuel type
Coal-based boiler segment is anticipated to grow substantially during the study duration. Coal-fired boilers offer reliability as well as efficiency while operating under extreme environmental conditions.
In addition, surging investments by public and private entities towards development of cement, steel, and metal industries in consort with focus on improving power generation capabilities in China and India are fostering the popularity of coal-fired boilers, which in turn is adding traction to Asia-Pacific boiler market size.
In terms of application scope
According to reliable estimations, Asia-Pacific boiler industry size from commercial applications is expected to record unprecedented growth in the ensuing years. Increasing infrastructural development of commercial establishments such as educational institutions, offices, and retail centers is fueling the segmental share.
Additionally, rising concerns regarding high emission levels, supportive regulatory outlook which encourages the use of energy-efficient heating systems, and rising integration of digital solutions are augmenting the demand for boilers in commercial applications in Asia-Pacific.
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Considering the geographical landscape
Indonesia boiler market share is predicted to register considerable growth during the forecast period. Factors such as growing population, rapid industrialization and commercialization, and increasing construction activities are favoring the regional market outlook.
Moreover, escalating investments towards development of reliable power infrastructure, and rising adoption of advanced boiler systems over traditional heating units are also facilitating the business scenario in Indonesia.
Asia-Pacific Boiler Market by Capacity (Revenue, USD Million, 2015-2026)
- >250 MMBtu/hr
- 100-250 MMBtu/hr
- 10-100 MMBtu/hr
- <10 MMBtu/hr
Asia-Pacific Boiler Market by Product Type (Revenue, USD Million, 2015-2026)
- Water-tube
- Fire-tube
Asia-Pacific Boiler Market by Fuel Type (Revenue, USD Million, 2015-2026)
- Coal
- Oil
- Natural Gas
Asia-Pacific Boiler Market Application Spectrum (Revenue, USD Million, 2015-2026)
- Utility
- Industrial
- Commercial
- Residential
Asia-Pacific Boiler Market Country Outlook (Revenue, USD Million, 2015-2026)
- Philippines
- Indonesia
- South Korea
- Japan
- India
- China
- Australia
Asia-Pacific Boiler Market Competitive Analysis (Revenue, USD Million, 2015-2026)
- Siemens AG
- Mitsubishi Hitachi Power Systems Ltd.
- Lennox International Inc.
- Daikin Industries Ltd.
- BDR Thermea Group
- Columbia Boiler Co.
- Thermax Limited
- A.O. Smith Corp.
- Ferroli S.p.A.
- General Electric Co.
- Clayton Industries
- Bharat Heavy Electricals Limited
- Babcock and Wilcox Enterprises Inc.
Table of Content:
Chapter 1. Methodology & Scope
1.1. Research Methodology
1.2. List of data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Asia Pacific boiler market snapshot
Chapter 3. Asia Pacific Boiler Market Trends
3.1. Industry coverage
3.2. Industry size & forecast, 2015 - 2026
3.3. Value chain analysis
3.3.1. Company product snapshot
3.4. Innovation landscape
3.5. Regulatory norms & directives
3.6. COVID - 19 impact on industry outlook, 2020 - 2026
3.7. Drivers & restraints
3.7.1. Market drivers
3.7.2. Market restraints
3.8. Product growth mapping
3.9. Industry analysis - Porter's
3.10. Competitive benchmarking, 2019
3.11. PEST Analysis
Chapter 4. Asia Pacific Boiler Market Share, By Capacity (Units) (USD)
4.1. Asia Pacific boiler market share by capacity, 2019 & 2026
4.2. <10 MMBtu/hr
4.2.1. Market estimates and forecast, 2015 - 2026
4.2.2. Market estimates and forecast, by country, 2015 - 2026
4.3. 10-100 MMBtu/hr
4.3.1. Market estimates and forecast, 2015 - 2026
4.3.2. Market estimates and forecast, by country, 2015 - 2026
4.4. 100-250 MMBtu/hr
4.4.1. Market estimates and forecast, 2015 - 2026
4.4.2. Market estimates and forecast, by country, 2015 - 2026
4.5. >250 MMBtu/hr
4.5.1. Market estimates and forecast, 2015 - 2026
4.5.2. Market estimates and forecast, by country, 2015 - 2026
Chapter 5. Asia Pacific Boiler Market Size, By Product (Units) (USD)
5.1. Asia Pacific boiler market share by product, 2019 & 2026
5.2. Fire-tube
5.2.1. Market estimates and forecast, 2015 - 2026
5.2.2. Market estimates and forecast, by country, 2015 - 2026
5.3. Water-tube
5.3.1. Market estimates and forecast, 2015 - 2026
5.3.2. Market estimates and forecast, by country, 2015 - 2026
Chapter 6. Asia Pacific Boiler Market Value, By Fuel (Units) (USD)
6.1. Asia Pacific boiler market share by fuel, 2019 & 2026
6.2. Natural Gas
6.2.1. Market estimates and forecast, 2015 - 2026
6.2.2. Market estimates and forecast, by country, 2015 - 2026
6.3. Oil
6.3.1. Market estimates and forecast, 2015 - 2026
6.3.2. Market estimates and forecast, by country, 2015 - 2026
6.4. Coal
6.4.1. Market estimates and forecast, 2015 - 2026
6.4.2. Market estimates and forecast, by country, 2015 - 2026
Chapter 7. Asia Pacific Boiler Market Forecast, By Application (Units) (USD)
7.1. Asia Pacific boiler market share by application, 2019 & 2026
7.2. Residential
7.2.1. Market estimates and forecast, 2015 - 2026
7.2.2. Market estimates and forecast, by country, 2015 - 2026
7.3. Commercial
7.3.1. Market estimates and forecast, 2015 - 2026
7.3.2. Market estimates and forecast, by country, 2015 - 2026
7.4. Industrial
7.4.1. Market estimates and forecast, 2015 - 2026
7.4.2. Market estimates and forecast, by country, 2015 - 2026
7.5. Utility
7.5.1. Market estimates and forecast, 2015 - 2026
7.5.2. Market estimates and forecast, by country, 2015 - 2026
Chapter 8. Asia Pacific Boiler Market Trends, By Country (Units) (USD)
Related Report:
Combi Boiler Market Size, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Global combi boiler market will witness an annual installation of more than 11 million units by 2026. This can be mainly attributed to growing consumer demand for cost-effective and energy-efficient heating systems. Driven by mounting environmental concerns and a strong focus on reducing the global carbon footprint, governments and other bodies have introduced stringent norms to minimize the primary energy consumption across residential spaces. The growing adoption of gas fired heating units can be also linked with competitive fuel prices and the ease of storage. Moreover, governments in most parts of the world are increasingly focusing on minimizing carbon emissions across the residential sector. This is likely to accelerate investments towards the development of green buildings and sustainable infrastructure, which will open up ample opportunities for combi boiler manufacturers across the globe.
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