Industrial Boilers Market by End-use Industry (Food, Chemical, Refineries, Primary Metal), Type (Water Tube, Fire Tube), Boiler Horsepower (10BHP-150BHP, 151BHP-300BHP, and 301BHP-600BHP), Fuel Type (Coal, Gas), and Region - Global Forecast to 2026

“Industrial boilers market is projected to reach USD 17.77 billion by 2026”
The industrial boilers market is estimated to be USD 10.92 billion in 2016 and is projected to reach USD 17.77 billion by 2026, at a CAGR of 5.0% between 2016 and 2026. Factors such as increasing demand for clean energy sources, increasing number of natural power plants, and government initiatives to promote clean energy and reduce dependency on fossil fuels are key factors expected to boost the growth of the industrial boilers market. However, the high cost of boilers may restrain the growth of the industrial boilers market.
“The natural gas & biomass segment is expected to witness highest growth from 2016 to 2026”
Based on fuel type, the natural gas & biomass segment led the industrial boilers market, as a majority of end-use industries, such as chemical, primary metal, and food use natural gas as their primary fuel. The growth of the segment can also be attributed to the fact that natural gas & biomass boilers are gradually replacing coal-based boilers in developed countries, owing to lower operational cost of using natural gas as compared to other fuels.
“10BHP-150BHP is estimated to be the largest segment of the industrial boilers market”
Based on capacity, the industrial boilers market has been segmented into 10BHP-150BHP, 151BHP-300BHP, and 301BHP-600BHP. The industrial boilers market was dominated by the 10-150BHP segment, as most of end-use industries, such as chemical and food industry prefer boilers in range from 10BHP-150BHP.
“The chemical segment estimated to be the largest segment of the industrial boilers market”
Based on end-use industry, the industrial boilers market has been segmented into food, chemical, refineries, primary metal, and others. The chemical segment is expected grow at the highest CAGR from 2016-2026, as this industry plays an integral role in the economy and provides various inputs to different areas of the economy.
“The market in North America projected to grow witness highest growth during the forecast period”
The North America industrial boilers market is anticipated to witness highest growth between 2016 and 2026. The rising demand for energy and rapid installation of several power plants has led to the increased demand for industrial boilers in the region. In North America, the U.S. is decreasing its dependence on fossil fuel-based plants to reduce carbon footprint. The country is moving towards cleaner fuels, such as natural gas, biomass, biogas, solar thermal, and other renewable energy.
Breakdown of profile of primary participants:
‧ By Company Type: Tier 1 – 10%, Tier 2 – 40%, and Tier 3 – 50%
‧ By Designation: C Level – 45%, Director Level – 23%, and Others – 32%
‧ By Region: Europe – 21%, North America – 16%, Asia-Pacific – 53%, and Middle East & Africa –10%

Major companies profiled in this report include Babcock & Wilcox Enterprises, Inc. (U.S.), Dongfang Electric Corporation Ltd. (China), Siemens AG (Germany), General Electric (U.S.), AC Boilers S.p.a. (Europe), Bharat Heavy Electricals Limited (India), Harbin Electric Group (China), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems, Ltd. (Japan), and Thermax Limited (India).
Research Coverage
This report offers an overview of the market trends, drivers, and challenges with respect to the industrial boilers market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America. The report categorizes the industrial boilers market on the basis of type, boiler horsepower, fuel type, end-use industry, and region. A detailed analysis of leading players, along with key growth strategies adopted by them, is also covered in the report.
Reasons to buy the report
This report covers the following key aspects:
‧ What will be the market size by 2021 and what will be the growth rate?
‧ What are the key market trends?
‧ What are the factors expected to drive the growth of the market?
‧ What are the challenges that impact market growth?
‧ Who are the key players in this market?
‧ Global report covers key regions, such as North America, Europe, and Asia-Pacific, including major countries in these regions, such as the U.S., China, India, Russia, and Germany

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 KEY DATA FROM SECONDARY SOURCES 18
2.1.2 KEY DATA FROM PRIMARY SOURCES 19
2.2 MARKET SIZE ESTIMATION 20
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 22
2.3.1 KEY INDUSTRY INSIGHTS 23
2.4 ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL INDUSTRIAL BOILERS MARKET 30
4.2 GLOBAL INDUSTRIAL BOILERS MARKET, BY REGION 30
4.3 GLOBAL INDUSTRIAL BOILERS MARKET, BY TYPE 31
4.4 GLOBAL INDUSTRIAL BOILERS MARKET: ASIA-PACIFIC IS THE LARGEST MARKET 31
4.5 GLOBAL INDUSTRIAL BOILERS MARKET: EMERGING VS DEVELOPED COUNTRIES 32
5 MARKET OVERVIEW 33
5.1 INTRODUCTION 33
5.2 EVOLUTION 33
5.3 MARKET SEGMENTATION 34
5.3.1 BY TYPE 34
5.3.2 BY END-USE INDUSTRY 34
5.3.3 BY BOILER HORSEPOWER 35
5.3.4 BY FUEL TYPE 35
5.3.5 BY REGION 36

5.4 MARKET DYNAMICS 37
5.4.1 DRIVERS 37
5.4.1.1 Increasing demand for clean and renewable energy sources 37
5.4.1.2 Increasing natural gas usage 38
5.4.2 RESTRAINTS 38
5.4.2.1 High cost of installation 38
5.4.2.2 Strict emission standards 38
5.4.3 OPPORTUNITIES 40
5.4.3.1 Demand for large scale electricity production 40
5.4.3.2 Rise in combined cycle and cogeneration plants 40
5.5 CHALLENGES 41
5.5.1.1 Boiler efficiency and steam quality 41
5.5.1.2 High R&D investments 41
5.6 COST STRUCTURE ANALYSIS 41
6 INDUSTRY TRENDS 43
6.1 INTRODUCTION 43
6.2 REVENUE POCKET MATRIX 43
6.2.1 REVENUE POCKET MATRIX FOR INDUSTRIAL BOILERS, BY END-USE INDUSTRY, 2015 43
6.2.2 REVENUE POCKET MATRIX FOR INDUSTRIAL BOILERS MARKET, BY TYPE, 2015 43
6.2.3 REVENUE POCKET MATRIX FOR INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2015 44
6.2.4 REVENUE POCKET MATRIX FOR INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2015 44
6.3 ECONOMIC INDICATORS 45
6.3.1 INDUSTRY OUTLOOK 45
6.3.1.1 Chemical Industry 45
6.3.1.2 Refineries 45
6.3.1.3 Food industry 46
6.3.1.4 Primary metal industry 46
7 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE 48
7.1 INTRODUCTION 49
7.2 MARKET SIZE AND PROJECTION 49
7.3 NATURAL GAS & BIOMASS 50
7.4 COAL 51
7.5 OIL 51
7.6 OTHERS 52


8 INDUSTRIAL BOILERS MARKET, BY TYPE 53
8.1 INTRODUCTION 54
8.2 MARKET SIZE AND PROJECTION 54
8.3 WATER TUBE 55
8.4 FIRE TUBE 56
9 INDUSTRIAL BOILERS MARKET, BY BOILER HORSE POWER 57
9.1 INTRODUCTION 58
9.2 10BHP-150BHP 59
9.3 151BHP-300BHP 59
9.4 301BHP-600BHP 60
10 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY 61
10.1 INTRODUCTION 62
10.2 FOOD 63
10.3 CHEMICAL 64
10.4 REFINERIES 65
10.5 PRIMARY METAL 66
10.6 OTHERS 67
11 REGIONAL ANALYSIS 68
11.1 INTRODUCTION 69
11.2 ASIA-PACIFIC 70
11.2.1 CHINA 73
11.2.2 JAPAN 73
11.2.3 NEW ZEALAND 74
11.2.4 MALAYSIA 74
11.2.5 INDIA 75
11.2.6 AUSTRALIA 75
11.2.7 HONG KONG 76
11.2.8 REST OF ASIA-PACIFIC 76
11.3 EUROPE 77
11.3.1 GERMANY 80
11.3.2 FRANCE 80
11.3.3 U.K. 81
11.3.4 SPAIN 81
11.3.5 ITALY 82
11.3.6 BELGIUM 82
11.3.7 RUSSIA 83
11.3.8 REST OF EUROPE 83


11.4 NORTH AMERICA 84
11.4.1 U.S. 87
11.4.2 CANADA 87
11.4.3 MEXICO 88
11.5 MIDDLE EAST & AFRICA 88
11.5.1 IRAN 90
11.5.2 SAUDI ARABIA 91
11.5.3 UAE 91
11.5.4 SOUTH AFRICA 92
11.5.5 REST OF MIDDLE EAST & AFRICA 92
11.6 SOUTH AMERICA 93
11.6.1 BRAZIL 95
11.6.2 ARGENTINA 95
11.6.3 COLOMBIA 96
11.6.4 PERU 96
11.6.5 REST OF SOUTH AMERICA 97
12 COMPETITIVE LANDSCAPE 98
12.1 OVERVIEW 98
12.1.1 CONTRACT & AGREEMENTS: THE MOST POPULAR GROWTH STRATEGY 99
12.2 INDUSTRIAL BOILERS: GROWTH STRATEGIES, BY COMPANY, 2013-2016 99
12.3 INDUSTRIAL BOILERS MARKET SHARE, BY COMPANY, 2015 100
12.4 MAXIMUM DEVELOPMENTS IN 2015 101
12.4.1 CONTRACTS & AGREEMENTS 101
12.4.2 EXPANSIONS 106
12.4.3 MERGERS & ACQUISITIONS 106
12.4.4 NEW PRODUCT LAUNCHES 107
13 COMPANY PROFILES 108
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
13.1 AMEC FOSTER WHEELER PLC 108
13.2 BABCOCK & WILCOX ENTERPRISES, INC. 112
13.3 DONGFANG ELECTRIC CORPORATION LTD. 117
13.4 GENERAL ELECTRIC COMPANY 120
13.5 SIEMENS AG 123
13.6 AC BOILERS S.P.A 126
13.7 BHARAT HEAVY ELECTRICALS LIMITED 128
13.8 HARBIN ELECTRIC COMPANY 130
13.9 IHI CORPORATION 132
13.10 MITSUBISHI HITACHI POWER SYSTEMS, LTD. 134
13.11 THERMAX LIMITED 136
13.12 AB&CO GROUP 138
13.13 ALFA LAVAL AALBORG 138
13.14 ANDRITZ ENERGY & ENVIRONMENT 138
13.15 SUZHOU HAILU HEAVY INDUSTRY 138
13.16 ROBEY-WELLMAN BOILERS & FURNACES LTD. 138
13.17 TAI YUAN BOILER GROUP 139
13.18 VAPOR POWER INTERNATIONAL, LLC 139
13.19 SUPERIOR BOILER WORKS INC. 139
13.20 BRYAN STEAM LLC 139
13.21 HURST BOILER & WELDING COMPANY, INC. 139
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX 140
14.1 DISCUSSION GUIDE 140
14.1 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 143
14.2 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 145
14.3 AVAILABLE CUSTOMIZATIONS 146
14.4 RELATED REPORTS 147
14.5 AUTHOR DETAILS 148