Home Icon

Loading, Please Wait...

CST: 25/09/2020 23:11:35   

Steam Boiler Systems Market to Reach CAGR of 5.30% from 2016-2024, Due to Rise in Demand for Energy, States TMR

583 Days ago

Increasing Number of Chemical Manufacturing Units, Food Processing Facilities, Power Plants, Oil and Gas Refineries Demand for Steam Boiler Systems

Albany, New York, Feb. 20, 2019 (GLOBE NEWSWIRE) -- The global steam boiler systems market is highly fragmented due to the presence of innumerable small as well as large-scale companies, observes Transparency Market Research based on a newly published report. Major industries participants in the global steam boiler systems market are Royal Dutch Shell Plc, Nynas AB, Russian Rosneft, BP, and China Petrochemical Corporation, among others. The global level leading players are Alstom, General Electric, Cleaver - Brooks Inc., BHEL, and Larsen & Toubro Ltd. These players collectively held a share of more than 46% in the overall market in 2015. These players are actively involved into acquisitions and mergers that are expected to increase the competition within the market over the years to come. 

According to the research report by Transparency Market Research, the global steam boiler systems was valued at US$12.0 bn in 2015 and is projected to expand at a CAGR of 5.30% from 2016 to 2024. Based on type, the market is segmented into fire tube boiler, water tube boiler, and super heater. Among these, water-tube boiler segment held significant market share during the forecast period due to its higher efficiency and wide usage in large power plants.

Request to View Sample of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3946

In the regional platform, North America is the largest market in terms of market revenue share accumulated in overall steam boiler system. Further, this region is expected to continue its dominance by the 2024. According to the study, North America led the global steam boiler systems market with a share of more than 30% in 2015. Europe and Asia Pacific are likely to witness a healthy progress in the global steam boiler systems market in the near future.

Space-Utilization Boosts the Growth Opportunities Worldwide

Rising demand for energy across the globe and large-scale requirement of steam boilers from power plants is boosting the market. Refineries and others are believed to be the dynamic factor behind the growth of steam boiler system market. Further, increasing use of steam boiler systems by food processing industry is also projected to boost the demand for steam boiler system. Moreover, government-taking steps for the usage of steam boilers systems are driving the market. Along with providing incentives in terms of subsidies are envisioned to bolster the growth of the global steam boiler system market over the forecast period.

Request PDF Brochure of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3946

The need to ensure space utilization has contributed to a high demand of steam boilers that have compact designs and are fuel-efficient. Boiler manufacturers are focused on promoting steam boilers that are customized for different process requirements in various industries such as power generation, oil & gas, and chemical.

Increasing Pollutants Effects the Adoption of Steam Boiler System

The governments of developed countries worldwide have formulated strict emission standards for boilers, which in turn, are projected to affect the growth of the global steam boiler system market. Steam boiler system utilizes fuel to generate steam, which results in the release of pollutants into the atmosphere. Emission standards are formulated to limit the emission of air pollutants such as sulfur dioxide, soot, nitrogen oxide, and mercury and its compounds. Manufacturers of steam boilers find it challenging to comply with these stringent emission standards, owing to the high R&D investments involved in designing eco-friendly boilers. Nevertheless, increasing investment toward the thermal power capacity, construction, and updating of power plants will boost the global steam boiler system market.

Request for Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3946

This review is based on a TMR report, titled, “Steam Boiler Systems Market (Type - Fire tube boiler, water tube boiler, and super heater; Application – Generators, Steam Engines, Cement Production, Agriculture; End User – Food, chemical, refineries, primary meal, thermal power plants, and others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024”.

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/steam-boiler-system-market.htm

The report segments the global Steam Boiler Systems Market as:

Type

  • Fire Tube Boiler
    • Horizontal Return Tubular Boiler
    • Short Fire Box Boiler
    • Compact Boiler
  • Water Tube Boiler
    • Horizontal Straight Tube Boiler
    • Bent Tube Boiler
    • Cyclone Fired Boiler
  • Super Heater

Application

  • Generators
  • Steam Engines (Locomotives)
  • Cement Production
  • Agriculture

End User

  • Food
  • Chemical
  • Refineries
  • Primary Metal
  • Thermal Power Plants
  • Others

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • Egypt
    • South Africa
    • Rest of MEA

Browse More Factory Automation Market Research Reports

Popular Report by TMR:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower
90 State Street,
Suite 700,
Albany, NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
Research Blog: https://transparencyjournal.com/

We Are Diffrent
Is your business listed correctly on America’s largest city directory network of 1,000 portals?