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Global Industrial Boiler Market 2017-2021

About Industrial Boilers

A boiler is typically a closed vessel and has water stored inside it. In this heating system, a furnace is required to heat the boiler. Fuels such as coal are used to generate the heat. Subsequently, the heated air comes in contact with the vessel and convection takes place, heating the water inside the vessel. The heated water eventually produces steam.

Technavio’s analysts forecast the global industrial boilers market to grow at a CAGR of 5.5% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial boilers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial boilers.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Boilers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alfa Laval
  • Amec Foster Wheeler
  • GE Steam Power
  • Mitsubishi Hitachi
Other prominent vendors
  • AB&CO Group
  • Advanced Recycling Equipment
  • ANDRITZ Energy & Environment
  • B&S Piping
  • Babcock & Wilcox
  • Bharat Heavy Electricals
  • Cleaver-Brooks
  • Columbia Boiler Company
  • Dongfang Boiler Group Company
  • Doosan
  • ETA Heiztechnik
  • Fulton Boiler Works
  • Hangzhou Boiler Group
  • Hurst Boiler & Welding Company
  • Harbin Power Equipment
  • IHI
  • Indeck Power Equipment
  • Kawasaki Heavy Industries
  • Kohlbach Group
  • L&T
  • Le.Groupe Simoneau
  • Mitsubishi Heavy Industries
  • Miura Boiler
  • Parker Boiler
  • Rentech Boiler Systems
  • Suzhou Hailu Heavy Industry
  • Superior Boiler Works
  • Tai Yuan Boiler Group
  • Taishan Group
  • Thermogenics
  • TT Boilers
  • Wellman Group
  • Wellman Robey
  • Wuxi Huanguang Boiler Company
  • York-Shipley Global
  • Zhengzhou Boiler
Market driver
  • Need to meet emission standards
  • For a full, detailed list, view our report
Market challenge
  • Replacement of steam-powered propulsion systems in LNG carriers
  • For a full, detailed list, view our report
Market trend
  • Improving biomass combustion efficiency using new materials
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Boiler Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial boiler market: Alfa Laval, Amec Foster Wheeler, GE Steam Power, and Mitsubishi Hitachi

Other Prominent Vendors in the market are: AB&CO, Advanced Recycling Equipment, ANDRITZ Energy & Environment, B&S Piping, Babcock & Wilcox, Bharat Heavy Electricals, Cleaver-Brooks, Columbia Boiler Company, Dongfang Boiler Company, Doosan, ETA Heiztechnik, Fulton Boiler Works, Hangzhou Boiler, Hurst Boiler & Welding Company, Harbin Power Equipment, IHI, Indeck Power Equipment, Kawasaki Heavy Industries, Kohlbach, L&T, Le.Groupe Simoneau, Mitsubishi Heavy Industries, Miura Boiler, Parker Boiler, Rentech Boiler Systems, Suzhou Hailu Heavy Industry, Superior Boiler Works, Tai Yuan Boiler, Taishan, Thermogenics, TT Boilers, Wellman, Wellman Robey, Wuxi Huanguang Boiler Company, York-Shipley Global, and Zhengzhou Boiler

Commenting on the report, an analyst from Technavio’s team said: “In the past decade, boilers were designed with industry specifications to meet regulations and standards at the time of installation. However, the scenario has changed largely. Now packaged boiler companies are considering the future possibility of emission standards. As a result, they are incorporating necessary equipment and design pattern to modify the system to the meet the upgrades in standards and regulations.”

According to the report, governments and other certifying institutions are regulating emission standards of boilers installed in industries. The US EPA in 2014 published the Maximum Achievable Control Technology standards for new and existing industrial boilers. According to this standard, all the existing boilers have to be upgraded or replaced to meet the mandated emission standards.

Further, the report states that boilers, such as biomass boilers, cost thousands of dollars depending on their capacity. In the UK, an ordinary commercial boiler that can heat two or more buildings costs approximately $28,000. A typical gas burner of a similar capacity will cost about half the price of a biomass boiler. Apart from the cost factor, a biomass boiler will require large storage compartments for biomass such as wood pellets, wood chips, and logs, adding to the investment.

Companies Mentioned

Alfa Laval, Amec Foster Wheeler, GE Steam Power, Mitsubishi Hitachi, AB&CO, Advanced Recycling Equipment, ANDRITZ Energy & Environment, B&S Piping, Babcock & Wilcox, Bharat Heavy Electricals, Cleaver-Brooks, Columbia Boiler Company, Dongfang Boiler Company, Doosan, ETA Heiztechnik, Fulton Boiler Works, Hangzhou Boiler, Hurst Boiler & Welding Company, Harbin Power Equipment, IHI, Indeck Power Equipment, Kawasaki Heavy Industries, Kohlbach, L&T, Le.Groupe Simoneau, Mitsubishi Heavy Industries, Miura Boiler, Parker Boiler, Rentech Boiler Systems, Suzhou Hailu Heavy Industry, Superior Boiler Works, Tai Yuan Boiler, Taishan, Thermogenics, TT Boilers, Wellman, Wellman Robey, Wuxi Huanguang Boiler Company, York-Shipley Global, Zhengzhou Boiler.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table End-user segmentation
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Key boiler components
      • Table Types of boilers
      • Table Comparison of different types of boilers
  • Market landscape
    • Market size and forecast
      • Table Pre- and post-industrial revolution
      • Table Global industrial boiler market 2016-2021 ($ billions)
      • Table Growth in the number of cities
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global industrial boiler market: End-user segmentation 2016 and 2021
    • Food processing
      • Table Global industrial boiler market in food processing sector 2016-2021 ($ billions)
    • Chemical and petrochemical
      • Table Global industrial boiler market in chemical and petrochemical sector 2016-2021 ($ billions)
    • Paper and pulp
      • Table Global industrial boiler market in paper and pulp sector 2016-2021 ($ billions)
    • Oil and gas
      • Table Global industrial boiler market in oil and gas sector 2016-2021 ($ billions)
      • Table Price of crude oil ($/gallon) and price of gasoline in India ($/barrel) 2014 and 2015
      • Table Distillation refinery capacity addition 2015-2020 (million barrels per day)
    • Power generation
      • Table Global industrial boiler market in power generation sector 2016-2021 ($ billions)
      • Table HRSG at different pressure levels
      • Table Major differences between HRSG and regular boiler
  • Geographical segmentation
    • Market overview
      • Table Global industrial boiler market: Geographic segmentation 2016 and 2021
    • APAC
      • Table Industrial boiler market in APAC 2016-2021 ($ billions)
      • Table APAC food industry turnover 2015 and 2016 ($ billions)
    • EMEA
      • Table Industrial boiler market in EMEA 2016-2021 ($ billions)
      • Table Capacity additions planned in Middle East
    • Americas
      • Table Industrial boiler market in Americas 2016-2021 ($ billions)
      • Table Capacity additions in US
  • Market drivers
    • Need to meet emission standards
    • Emerging geothermal technology for clean energy
      • Table Carbon emission from geothermal power production in comparison to other sources
      • Table Geothermal power generation installed capacity per geographic region 2015 (GW)
    • Development of ultra-mega power projects in emerging economies
      • Table Electricity generation capacity addition (MW)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High capital and installation requirements
    • Replacement of steam-powered propulsion systems in LNG carriers
    • Lack of skilled workforce
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Future demands of NOx reduction driving design variations
    • Biomass as fuel
    • Improving biomass combustion efficiency using new materials
  • Vendor landscape
    • Competitive landscape
      • Table Risk factors associated with industrial boiler market
    • Other prominent vendors
  • Key vendor analysis
    • Alfa Laval
    • Amec Foster Wheeler
    • GE Steam Power
    • Mitsubishi Hitachi
  • Appendix
    • List of abbreviations
  • Explore Technavio

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