Analysis and discussion of central industry trends, market size, and market share are estimated in the comprehensive North America Industrial Boiler Market report. This market research report identifies, estimates, and analyses the emerging trends along with major drivers, restraints, challenges and opportunities in the market. Businesses can have an idea about complete background analysis which includes an assessment of the parental market. Furthermore, it works to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market.
Market analysis and overview
An increase in the need for power generation has been observed worldwide due to the rapid increase in population. Industrial boilers are heavily used in various sectors, such as the metallurgical and mining industry, chemical, refining and food, among others.
North America Industrial Boiler Market was valued at USD 2962.22 Million in 2021 and is projected to reach USD 5084.90 Million by 2029, registering a CAGR of 5.90% during the forecast period 2022-2029 . The food industry represents the largest segments of the end-use sector in the respective market owing to the consumption of bakery and fast food products. The market report curated by the Data Bridge Market Research team includes expert in-depth analysis, import/export analysis, price analysis, production consumption analysis, and pestle analysis.
An industrial boiler is a steam or high temperature boiler that uses fuel gas, biomass, oil or coal as fuel. Modern boilers heat or cool water internally and distribute it to customers through the line structures.
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Segmentation:
The industrial boiler market is segmented on the basis of piping methods, steam pressure, steam usage, furnace position, shell axis, tubes in boilers, circulation of water and steam in the boilers, the type of fuel, the type of product, the power of the boiler and the industry. Growth between segments helps you analyze growth niches and strategies to approach the market and determine your main application areas and the difference between your target markets.
Based on casing methods, the industrial boiler market has been segmented into carrier fire tube boilers and water tube boilers. Water tube boiler segment dominates the market by offering high efficiency over fire tube boilers with improved feature of simple construction, compatible to withstand high operating pressure and many more.
On the basis of steam pressure, the industrial boiler market has been segmented into high pressure boilers, medium pressure boilers and low pressure boilers. The increase in production and consumption of consumer goods, food, vehicles and others creates a high demand for high pressure boilers to increase production capacity.
Based on steam usage, the industrial boiler market has been segmented into process boilers, utility boilers and marine boilers. Process boilers are adopted by various industry verticals such as food, chemical , paper, pulp and others to generate or process steam and heat for production activities. Wide application of production processes helps the segment to dominate the market.
Based on furnace position, the industrial boiler market has been segmented into externally heated boilers and internally heated boilers. The externally heated boiler segment dominates the market due to the increased space capacity for steam or heat storage to support the production target.
Based on shell axis, the industrial boiler market has been segmented into horizontal boilers and vertical boilers. The horizontal boiler segment dominates the market as it offers more space than vertical boilers with increased steam and heat generation efficiency and capacity.
On the basis of tubes in boilers, the industrial boilers market has been segmented into multi-tube boilers and single-tube boilers. The multi-tube boiler segment dominates owing to the increase in steam or heat capacity due to the multiple tubes with increased storage capacity which augments the growth of the segment.
Based on the circulation of water and steam in boilers, the industrial boiler market has been segmented into forced circulation boilers and natural circulation boilers. Forced circulation helps facilities meet the production target for increased steam and provide rapid generation of heat or steam that drives segment growth.
On the basis of fuel type, the industrial boiler market is segmented into coal-fired boilers, oil-fired boilers, gas boilers, biomass boilers, and others. Strict government regulations on environmental pollution increase the gas boiler segment as it meets the regulatory aspects of CO2 and NOx.
Based on boiler power, the industrial boiler market has been segmented into 10-150 BHP, 151 -300 BHP, and 301 – 600 BHP. The 10-150 BHP boiler segment dominates the market as it generates steam or heat at an efficient rate due to which it is adopted by industrial verticals such as food, chemical, paper, pulp paper and others.
On the basis of product type, the industrial boiler market has been segmented into Condensing Hot Water Boiler, Embedded Condensing Hot Water Boiler, Embedded Condensing Steam Boiler, Split Condensing Steam Boiler, Electric Steam Boiler , electric hot water boilers and others. The condensing hot water boiler segment offers high work efficiency as compared to other boilers and it is widely adopted by food industries , breweries, laundries and others which are driving the growth of the segment.
On the basis of industry, the industrial boiler market has been segmented into food industry, breweries, laundries and cleaning companies, construction, pharmaceutical, automotive, pulp and paper, hospitals, agriculture, packaging and others. The rapid growth of the food industry in Europe and the increasing demand for advanced technologies to support the production target is increasing the growth of the food industry segment.
The major key players covered in the North America Industrial Boilers Market report are:
- Babcock & Wilcox Enterprises, Inc. (USA)
- John Wood Group PLC (UK)
- Bharat Heavy Electricals Limited (India)
- IHI Corporation (Japan)
- Mitsubishi Hitachi Power Systems, Ltd. (Europe)
- Thermax Limited (India)
- ANDRITZ (Austria)
- Siemens (Germany)
- ALFA LAVAL (Sweden)
- General Electric Company (USA)
- Hurst Boiler & Welding Co, Inc. (USA)
- Bryan Steam (USA)
- Superior Boiler Works, Inc. (USA)
- Steam Power (US)
- Sofinter Spa (Italy)
- Cleaver Brooks, Inc. (USA)
- ZOZEN Boiler Co., Ltd. (China)
In the large-scale North America Industrial Boiler Market report, industry trends have been detailed at macro level, which helps to depict the market landscape and likely future issues. This market research report performs a systematic analysis of the market and numerous related factors ranging from market drivers, market restraints, strategies, market segmentation, opportunities, challenges and market revenue to the ‘competitive analysis. The report analyzes and estimates the general drivers of the market in the form of consumer demand, government policy, and demand that are related to the consumer buying pattern and, consequently, the growth and development of the market .
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North America Industrial Boiler Market Report Attractions:-
The latest market dynamics, development trends and growth opportunities are presented along with industry barriers, development threats and risk factors
Forecast data of North America Industrial Boiler Market will help in feasibility analysis, market size estimation and development
The report serves as a comprehensive guide which micro monitors all vital North America Industrial Boiler Market
A concise view of the market will facilitate understanding.
A competitive view of the walnut oil market will help players make the right choice
Country level analysis
The North America Industrial Boiler Market is analyzed and market size insights and trends are provided by country, distribution channel, end user, connectivity and covered lawn as listed above.
The countries covered in the North America Industrial Boilers market report are USA, Canada & Mexico North America, Peru, Brazil, Argentina & Rest of South America within South America, Germany, Italy, the United Kingdom, France, Spain, the Netherlands and Belgium. , Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam , Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, United Arab Emirates, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) in Middle East East and Africa (MEA).
What benefits will the DBM research study bring?
Latest trends influencing the industry and development scenario
Open new markets
Seize powerful market opportunities
Key decision in planning and to further expand market share
Identify key business segments, market proposition and gap analysis
Assistance with the allocation of marketing investments
A few points from the table of contents
Part 01: Executive Summary
Part 02: Scope of the report
Part 03: North America Industrial Boiler Market Landscape
Part 04: North America Industrial Boiler Market Sizing
Part 05: North America Industrial Boiler Market Segmentation By Product
Part 06: Five forces analysis
Part 07: Customer Landscape
Part 08: Geographic landscape
Part 09: Decision framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Supplier Landscape
Part 13: Vendor Analysis
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