Global Package Boilers Market, By Design (D Type, A Type, and O Type), By Fuel (Natural Gas and Biomass, Coal, Oil, and Others), By Type (Fire Tube, Water Tube, Electric, and Others), By End-Use Industries (Food & Beverages, Chemicals, Oil & Gas, Paper & Bulb, and Others) & Geography- Forecast till 2022
Over the last couple of decades, the package boilers market has witnessed many changes in terms of technology, type, and fuel sources. Earlier, boilers were only capable of burning coal and wood. However, as technology evolved, new boilers capable of burning natural gas, biomass, biogas, sewage sludge, solid waste, wet wood, and other fossil fuels were introduced. Technological advancements have had an enormous impact on the efficiency, effectiveness, capacity, and cost of boilers.
The global package boilers market is estimated to grow at a CAGR of X.X% in terms of value from 2017 to 2022. In terms of value the market is estimated to be of USD XX Million in 2016 and is expected to reach USD XX million by 2022 growing at a CAGR of X.X% in between 2017 to 2022. Asia-Pacific recorded the highest consumption of package boilers in 2016 and will continue to follow similar trend due to strong growth in the Asia-Pacific region due to increased demand in end-use industries in countries such as India, China, Japan and South Korea.
The market has been segmented on basis of design fuel, type, end-use industries, and region. The package boilers market is expected to grow in China, India and North America. The global industrial boilers industry is highly cyclical and competitive, yet fragmented. The industry is growing in accordance with the degree of industrialization and urbanization. Different technologies are associated with boilers, such as subcritical, supercritical, and ultra-supercritical. Each of these operates at different efficiencies, with ultra-supercritical being the most efficient.
This market research study provides a detailed qualitative and quantitative analysis of the global package boilers market. Various secondary sources, such as encyclopaedia, directories, industry journals, and databases are used to identify and collect information useful for this extensive commercial study of the package boilers. The primary sources include experts from related industries and suppliers who have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.
Competitive scenarios of the top players in the package boilers market have been discussed in detail. Leading players of this industry with their recent developments and vendor dive analysis with strategic industry activities are also covered in the report. Companies of this market are Cleaver-Brooks (U.S.), Thermax Limited (India), Bharat Heavy Electricals Limited (India), Forbes Marshall (India), Mitsubishi Hitachi Power Systems, Inc. (Japan), Babcock & Wilcox Enterprises, Inc. (U.S.), York-Shipley (U.S.), Bosch Industriekessel GmbH (Germany), Amec Foster Wheeler Plc. (U.K.), Taishan Group (China), Parker Industrial Boiler (U.S.), IHI Corporation (Japan), Hurst Boiler & Welding Company Inc. (U.S.), Alfa Laval (Sweden), John Thompson (U.K.), Aalborg Engineering (Denmark), Rentech (U.S.), Johnston Boiler Company (U.S.), Fulton Boiler (U.S.), Aerco (U.S.), Kawasaki thermal Engineering Co., Ltd. (Japan), Calderas Powermaster (Mexico), and others are operating in this market.
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