Market research future published a cooked research report on global Boiler System market. The Boiler System market is expected to reach USD 149.6 billion by 2022 growing at CAGR of around 4.70% during the period 2014 to 2022.
The growth of the Boiler System market is majorly driven by increasing demand for energy in the Asia-Pacific region. Boiler is a pressure vessel that is used to create and supply steam required for various processes within industries. Industrial Boilers are extensively used across industries such as metal, food & beverage and chemical. The recent trends in the industrial boiler market suggest increasing demand for higher efficiency and effectively.
Market Research Analysis
Europe and Asia-Pacific are expected to witness significant growth during the forecast period mainly due to the presence of established manufacturing industries which support the growth of the boiler system market. Rising rate of industrialization and increasing demand for energy in the Asia-pacific region are also expected to boost the sales in the global boiler system market.
Asia-Pacific is expected to be the largest market for boiler systems, due to countries such as China and India in the region. North America and Europe are further expected to contribute to the growth. There is an increasing requirement for high quality boiler systems. All these factors are contributing to the growth of the boiler system market.
Scope of the Report
This study provides an overview of the global Boiler System market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Boiler System market by its type, application, operational depth and regions.
- Oil Fired
- Gas Fired
- Upto 20 tonnes
- 20 to 40 tonnes
- 40 to 50 tonnes
- North America
- Asia Pacific
- Rest of the World
The key players of global Boiler System markets are Danstoker Boilers (Denmark), Bosch Industriekessel (Germany), Babcock & Wilcox Enterprises, Inc. (U.S.), AC Boilers S.p.A (Italy), Mitsubishi Hitachi Power Systems, Ltd. (Japan), ATTSU Termica (Spain), Rentech Boilers (U.S.), Byworth Boilers (U.K.), Proodos Industrial Boilers (Greece), and Siemens AG (Germany) are some of the leading players operating in this market.
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