Boiler System 2018 Market | Top Companies, Regional Growth Overview and Growth Factors Details by Regions, Types & Applications 2022

Global Boiler System Market Information Report by Type (Oil Fired, Gas Fired), by Capacity (upto 20 Tonnes, 20 to 40 Tonnes, 40 to 50 Tonnes) - Forecast To 2022

Pune, India - April 18, 2018 /MarketersMedia/ —

Boiler System Global Market – Overview

The Global Boiler System Market report focuses on the market analysis of industrial boilers that are used to generate steam for various processes in the industry. The steam generation process is one of the critical processes in an industry as most of the organisations overheads are spent on fuel supply for the steam generation. Insufficient operation of Boiler Systems often leads to low efficiency of operations and reduced performance. As the global manufacturing industries are increasingly looking to move towards energy efficient operations, it is very important that systems and equipment are also energy efficient. As per the study conducted by Market Research Future, the Global Market for Boiler System is likely to grow at the CAGR of around 5.6% during the forecasted period.

Globally, Boiler Systems contribute to a third of overheads to a manufacturing companies overheads as generating steam is an intensely energy consuming process. Generally, coal is used as the fuel for boiler operations as it is a cheap source and widely available. Generation of steam by this is highly ineffective as most of the energy is wasted as heat and not a lot of heat recovery can be effectively done. This is where the Boiler Systems efficiency is critically important for a plant as the efficient operation of boilers can result in huge money savings. For instance, with growing developments in the food sector and chemicals sector, boiler operations becomes extremely important as many new processes and techniques are used for production. Coupled with this, boilers are also used in the utilities for the power generation sector. Being a generator of steam, boilers used especially in this sector has minimum down time due to the complex nature of operations of power plants. The Boiler Systems Market is further driven by the rise of energy efficient technologies and increased government incentives foe efficient operating technologies. Globally, every country has to oblige to some kind of carbon reduction commitments which enables them to meet their respective climate change targets. By introducing and encouraging energy efficient processes in highly polluting operations such as the boiler system operations, reduced emissions can be achieved.

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Global Boiler System Market has been fragmented on the basis of product type, by capacity and by region. By product type, the market has been fragmented as oil fired and gas fired. One of the major upcoming trend in technology is the increased operations of gas fired boilers. Gas is traditionally cleaner than coal or oil and this has a direct advantage on operations. By having an increasingly efficient boiler in operation, significant overhead cost can be reduced with reduced overall maintenance costs. There is an increasingly higher awareness among industries for energy efficient operations such as Boiler Systems which is expected to drive the market.

The Global Boiler System Market is projected to achieve a significant growth rate during the forecast period. This is due to the substantial subsidies by countries and increased technological developments by boiler manufacturers in making boiler operations more efficient. For instance, in effective boiler system operations can result in at least 41% reduction in energy use. The Europe and Asia-Pacific region are expected to witness a significant growth during the forecast period as major investment and subsidies are given for effective operations of Boiler Systems.

Industry News

In April, 2016 – Cyberhawk Innovations, the world leader in aerial inspection and survey using Remotely Operated Aerial Vehicles (ROAVs), has completed its first ever commercial internal steam boiler inspection, for one of the world’s leading power companies in Bulgaria.

In March, 2018 – The court ordered EPA to revise a 2015 Clean Air Act regulation for some 14,000 boilers that produce heat or electricity at U.S. industrial plants. According to environmental activists, these industrial boilers are some of the nation’s largest sources of air pollution.

Global Boiler System Global Market – Segmentation

The scope of Global Boiler System Market is segmented into four major segments which are explained below:

By Type
• Oil Fired
• Gas Fired

By Capacity
• Upto 20 tonnes
• 20 to 40 tonnes
• 40 to 50 tonnes

By Regions
• North America
• Europe
• Asia Pacific
• Rest of the World

Boiler System Global Market - Competitive Analysis

The Boiler System Industry is anticipated to have huge developments during the forecast period, due to increased government regulations to curb pollutions and technological developments in developing energy efficient boilers. The market is also likely to have huge number growth in the Asia-Pacific region and in the North American region as these regions lack the access to clean water resources and increased agricultural activity.

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Contact Info:
Name: Abhishek Savant
Email: [email protected]
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune
Phone: 6468459312

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Release ID: 333000