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Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region- Global Forecast to 2023

Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region- Global Forecast to 2023

“The steam boiler system market is projected to grow at a CAGR of 4.13%, from 2018 to 2023.”
The steam boiler system market is projected to reach USD 21.63 billion by 2023, from an estimated USD 17.66 billion in 2018, at a CAGR of 4.13%. This growth can be attributed to the increase in industrialization and urbanization from the developing countries. Furthermore, capacity additions in conventional power generation to meet the rise in power demand is likely to drive the steam boiler system market. Focus on renewable energy sources for power generation could act as a restraint for this market.

“The process industry is expected to largest market for steam boiler system from 2018 to 2023.”
The process industry is estimated to be the largest market during the forecast period. Asia Pacific is the fastest growing region for the process industry owing to the rise in disposable income and various initiatives led by the government to improve the food processing sector. These factors are likely to drive the steam boiler system market for the Asia Pacific region. For instance, the Government of India plans to improve the food processing sector by leveraging reforms such as 100% foreign direct investment (FDI) in the marketing of food products and various incentives at the central and state government levels along with a strong focus on the supply chain infrastructure.

“Asia Pacific: The fastest growing market for Steam Boiler System.”
The Asia Pacific is expected to be the largest market for steam boiler system in 2023 and is projected to grow at the highest CAGR during the forecast period. The region has been segmented into China, Japan, India, Australia, South Korea, and the rest of Asia Pacific. Power generation sector is the largest market in the Asia Pacific for the steam boiler system market. According to the International Energy Agency (IEA), the global demand for energy will grow by approximately 60% by 2030. Increased primary energy consumption and governments providing monetary incentives have paved the way for several private players to set up power generation plants to cater to the domestic electricity demand. All these factors are likely to contribute towards the growth of the steam boiler system market.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 60%, Tier 2- 27%, and Tier 3- 13%
By Designation: C-Level- 35%, Directors Level- 25%, and Others- 40%
By Region: Asia Pacific- 30%, North America- 27%, Europe-10%, Middle East & Africa-25%, and South America- 8%

Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million

The leading players in the steam boiler system market include Bosch (Germany), GE (US), Alfa Laval (Sweden), Thermax (India), Cochran (UK), Viessmann (Germany), and Doosan (South Korea).

Research Coverage:
The report defines, describes, and forecasts the global steam boiler system market by component, type, fuel, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the steam boiler system market.

Why Buy this Report?
1. The report identifies and addresses key markets for steam boiler system, which would help manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONAL SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATION
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table STEAM BOILER SYSTEM MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE STEAM BOILER SYSTEM MARKET
    • STEAM BOILER SYSTEM MARKET, BY COUNTRY
    • ASIA PACIFIC STEAM BOILER SYSTEM MARKET, BY END-USER & COUNTRY
    • STEAM BOILER SYSTEM MARKET, BY COMPONENT
    • STEAM BOILER SYSTEM MARKET, BY TYPE
    • STEAM BOILER SYSTEM MARKET, BY FUEL
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table WORLD INDUSTRIAL SECTOR DELIVERED ENERGY CONSUMPTION, BY REGION AND ENERGY SOURCE, 2012-2040 (QUADRILLION BTU)
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • STEAM BOILER SYSTEM MARKET, BY COMPONENT
    • INTRODUCTION
      • Table STEAM BOILER SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD BILLION)
    • BOILER
      • Table BOILER: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • ECONOMIZER
      • Table ECONOMIZER: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • SUPERHEATER
      • Table SUPERHEATER: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • AIR PREHEATER
      • Table AIR PRE-HEATER: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • FEED PUMP
      • Table FEED PUMP: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • STEAM BOILER SYSTEMS MARKET, BY TYPE
    • INTRODUCTION
      • Table STEAM BOILER SYSTEM SIZE, BY TYPE, 2016-2023 (USD BILLION)
    • WATER-TUBE BOILER
      • Table WATER-TUBE BOILER: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • FIRE-TUBE BOILER
      • Table FIRE-TUBE BOILER: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • STEAM BOILER SYSTEMS MARKET, BY FUEL
    • INTRODUCTION
      • Table STEAM BOILER SYSTEM MARKET SIZE, BY FUEL, 2016-2023 (USD BILLION)
    • COAL-FIRED STEAM BOILER
      • Table COAL-FIRED STEAM BOILER: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • GAS-FIRED STEAM BOILER
      • Table GAS-FIRED STEAM BOILERS: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OIL-FIRED STEAM BOILER
      • Table OIL-FIRED STEAM BOILERS: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • BIOMASS-FIRED STEAM BOILER
      • Table BIOMASS-FIRED STEAM BOILER: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • ELECTRIC STEAM BOILER
      • Table ELECTRIC STEAM BOILER: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • STEAM BOILER SYSTEM MARKET, BY END-USER
    • INTRODUCTION
      • Table STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD BILLION)
    • POWER GENERATION
      • Table POWER GENERATION: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OIL & GAS
      • Table OIL & GAS: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • CHEMICAL
      • Table CHEMICAL: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • PROCESS INDUSTRY
      • Table PROCESS INDUSTRY: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • PRIMARY METAL
      • Table PRIMARY METAL: STEAM BOILER SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • STEAM BOILER SYSTEM MARKET, BY REGION
    • INTRODUCTION
      • Table STEAM BOILER SYSTEM MARKET, BY REGION, 2016-2023 (USD BILLION)
    • ASIA PACIFIC
      • BY COMPONENT
        • Table ASIA PACIFIC: STEAM BOILER SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
      • BY TYPE
        • Table ASIA PACIFIC: STEAM BOILER SYSTEM MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • BY FUEL
        • Table ASIA PACIFIC: STEAM BOILER SYSTEM MARKET SIZE, BY FUEL, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table ASIA PACIFIC: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: STEAM BOILER SYSTEM MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table CHINA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table INDIA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table JAPAN: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table AUSTRALIA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table SOUTH KOREA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table REST OF ASIA PACIFIC: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • BY COMPONENT
        • Table NORTH AMERICA: STEAM BOILER SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
      • BY TYPE
        • Table NORTH AMERICA: STEAM BOILER SYSTEM MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • BY FUEL
        • Table NORTH AMERICA: STEAM BOILER SYSTEM MARKET, BY FUEL, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table NORTH AMERICA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: STEAM BOILER SYSTEM MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table US: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table CANADA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table MEXICO: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
    • EUROPE
      • BY COMPONENT
        • Table EUROPE: STEAM BOILER SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
      • BY TYPE
        • Table EUROPE: STEAM BOILER SYSTEM MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • BY FUEL
        • Table EUROPE: STEAM BOILER SYSTEM MARKET, BY FUEL, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table EUROPE: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: STEAM BOILER SYSTEM MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table UK: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table GERMANY: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table FRANCE: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table ITALY: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table RUSSIA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table REST OF EUROPE: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY COMPONENT
        • Table MIDDLE EAST & AFRICA: STEAM BOILER SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
      • BY TYPE
        • Table MIDDLE EAST & AFRICA: STEAM BOILER SYSTEM MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • BY FUEL
        • Table MIDDLE EAST & AFRICA: STEAM BOILER SYSTEM MARKET, BY FUEL, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table MIDDLE EAST & AFRICA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: STEAM BOILER SYSTEM MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table SAUDI ARABIA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table UAE: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table SOUTH AFRICA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table IRAN: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
    • SOUTH AMERICA
      • BY COMPONENT
        • Table SOUTH AMERICA: STEAM BOILER SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
      • BY TYPE
        • Table SOUTH AMERICA: STEAM BOILER SYSTEM MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • BY FUEL
        • Table SOUTH AMERICA: STEAM BOILER SYSTEM MARKET, BY FUEL, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table SOUTH AMERICA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: STEAM BOILER SYSTEM MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table BRAZIL: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table ARGENTINA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table REST OF SOUTH AMERICA: STEAM BOILER SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2017
    • COMPETITIVE SCENARIO
      • Table THERMAX WAS THE MOST ACTIVE PLAYER IN THE MARKET BETWEEN 2015 AND 2018
      • CONTRACTS & AGREEMENTS, 2015-2018
      • NEW PRODUCT DEVELOPMENTS, 2015-2018
      • INVESTMENTS & EXPANSIONS, 2015-2018
      • MERGERS & ACQUISITIONS, 2015-2018
  • COMPANY PROFILES
    • BENCHMARKING
    • ALFA LAVAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • BOSCH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • THERMAX
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BYWORTH BOILERS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • CLEAVER-BROOKS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • COCHRAN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • DOOSAN HEAVY INDUSTRIES & CONSTRUCTION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • DEVOTION MACHINERIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • FORBES MARSHALL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • FULTON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • PARKER BOILER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • RENTECH BOILERS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • THERMODYNE ENGINEERING SYSTEM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • VIESSMANN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • ZHENGZHOU BOILER (GROUP) CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • OTHER KEY PLAYERS IN THE STEAM BOILER SYSTEM MARKET
      • BHEL
      • HURST BOILERS
      • AMEC FOSTER WHEELER
      • SIEMENS
      • VAPOR POWER INTERNATIONAL
      • MITSUBISHI
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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