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Steam Boiler Systems - Global Market Outlook (2019-2027)

Steam Boiler Systems - Global Market Outlook (2019-2027)

4.7 (61 reviews)
Published: November 2020 ID: SMRC20137
4.7 (61 reviews)
Published: November 2020 ID: SMRC20137

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Steam Boiler Systems Market is accounted for $18.77 billion in 2019 and is expected to reach $30.60 billion by 2027 growing at a CAGR of 6.3% during the forecast period. Some of the key factors propelling the market growth include rapid increasing demand for the electricity, increased usage of steam boilers across various end-user industries, and favorable government initiatives for the usage of steam boilers systems and providing incentives in terms of subsidies. However, high costs associated with the installation of the steam boiler system are likely to hamper the market.

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Steam boiler systems are devices that are used to create steam by applying heat energy to water. It is an efficient way to generate and move steam across the plant for things such as heat, processing and power generation. Water placed in a steam boiler is heated using a fuel source after that the boiling water produces steam. The resulting steam is then moved through pipes around a plant to do the function it’s designed to perform. These boiler systems are used in several industries such as power plants, refineries, and others, it is also used as generators to produce electricity.

By type, the water tube boilers segment is projected to grow at the significant rate during the forecast period, due to the rise in the consumption of electricity and increasing energy prices. Water-tube boilers are more efficient than fire-tube boilers. Water tube boilers have larger boiler capacities, higher pressure levels, and the ability to provide high steam temperatures of up to 650 °C. Such boilers are mostly used in power generation utilities.

Amongst geography, the Asia Pacific led the global steam boiler system market during the forecast period, due 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. Power plants are one of the major end-users of steam boiler systems in China.  The country is one of the largest consumers of electricity in the world and to meet the growing demand for power; it is investing heavily in setting up new plants across all provinces to ensure steady power supply across industries.

Some of the key players in Steam Boiler Systems Market include Vapor Power International, Alfa Laval, Forbes Marshall, Fulton, Mitsubishi, Parker Boiler, Rentech Boilers, Bosch, GE, Thermodyne Engineering System, Viessmann, Zhengzhou Boiler (Group) Co., Ltd., Byworth Boilers, Cleaver-Brooks, Doosan Heavy Industries & Construction, Devotion Machineries, Bhel, and Siemens.

Types Covered:
• Fire Tube Boiler
• Water Tube Boiler

Components Covered:
• Air Preheater
• Feed Pump
• Superheater
• Boiler
• Economizer

Fuels Covered:
• Biomass-fired Steam Boiler
• Oil-fired Steam Boiler
• Coal-fired Steam Boiler
• Gas-fired Steam Boiler
• Electric Steam Boiler

Applications Covered:
• Generators
• Steam Engines (Locomotives)
• Agriculture
• Cement Production

End Users Covered:
• Process Industry
• Primary Metals
• Chemical Manufacturing
• Power Generation
• Oil & Gas Processing
• Thermal Power Plants
• Food and Beverage
• Refineries and Petrochemicals
• Pharmaceutical & Healthcare
• Pulp & Paper Production

Sales Channels Covered:
• Distribution Channel
• Direct Channel
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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