Global Boiler Water Treatment Market 2016-2020
About Boiler Water Treatment
Boiler water treatment is a method that focuses on removing or chemically modifying substances that can potentially damage boilers. Numerous treatment methods are used at different sites to avoid corrosion and scale formation. External treatment of raw water supply intended for use within a boiler focuses on removing impurities from the water before it reaches the boiler. Internal treatment within the boiler focuses on limiting the tendency of water to corrode the boiler and maintaining the impurities in forms that are least likely to affect operations before being removed from the boiler in boiler blowdown.
Technavio’s analysts forecast the global boiler water treatment market to grow at a CAGR of 3.13% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global boiler water treatment market for 2016-2020. To calculate the market size, the report enlists certain key estimates that we have considered for arriving at the market trends and certain exclusions that helped demarcate the market contours.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Boiler Water Treatment Market 2016-2020
Technavio recognizes the following companies as the key players in the global boiler water treatment market: ChemTreat, GE Power, Lenntech, Nalco, and Veolia Water Technologies.
Other prominent vendors in the market are: AkzoNobel, B&V Group (SUEZ), BASF, Chem-Aqua, Clarity Water Technologies, Dew Speciality Chemical, Garratt-Callahan, and Kurita Water Industries.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is volatility in textile industry. The textile industry has been impacted by the volatility of raw material prices and rising wages. The countries that were earlier considered as upcoming centers of textile manufacturing are facing economic slowdown. The companies in this industry have fierce competition, which is also stressed by the e-commerce activities. Earlier, the companies were impacted by the volatility in cotton and wool prices. To overcome the situation, companies started using manmade materials. However, in 2015, prices of cotton decreased by 15% when compared with 2014. However, these companies are not expected to switch back to cotton given their experience in the past.”
According to the report, one of the primary drivers in the market is rise in electricity demand. Rise in industrialization, standard of living, and population has led countries to register a higher demand for energy. Several countries around the world are still dependent on coal-fired power generation owing to its capability of providing uninterrupted power supply, and this is likely drive the global power boiler market. Countries in APAC and Africa are expected to increase the number of power plant installations to meet the growing electricity demand. The replacement of old and inefficient power boilers with new innovative boilers will also boost the sales of boilers.
Further, the report states that one major challenge in the market is impact of environmental concerns. The issue of carbon emissions generated through the burning of fossil fuels has been widely discussed in the last two decades. The Kyoto Protocol was the first international treaty that was signed in 1992 to curb GHG emissions; however, it failed to meet its goals. After years of efforts by the UN and countries such as the US, France, and the UK, more than 187 nations signed the Paris Agreement at COP21 in France in December 2015. The signatories jointly decided to restrict global warming within 1.5℃ above the pre-industrial levels. COP21 is a significant move because this was the first time that wealthy nations committed to raise $100 billion each year by 2020 to help poor countries to transform their economies. Each country had to declare the steps it would take to curb GHG emissions and set targets to achieve that. The signatories are also mandated to review and report the progress every few years. Although the plans of individual countries to curb emissions are expected to show results over the long-term, the impact of such decisions should be visible after 2018.
ChemTreat, GE Power, Lenntech, Nalco, Veolia Water Technologies, AkzoNobel, B&V Group (SUEZ), BASF, Chem-Aqua, Clarity Water Technologies, Dew Speciality Chemical, Garratt-Callahan, Kurita Water Industries.
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