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Global Boiler System Market by Type (Oil Fired, Gas Fired), by Capacity and In-depth Analysis, Trends - Forecast To 2022

Global Boiler System Market Information Report by Type (Oil Fired, Gas Fired), by Capacity (upto 20 Tonnes, 20 to 40 Tonnes, 40 to 50 Tonnes) - Forecast To 2022.
Published 08 February 2018
Prominent Players
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 prominent players at the forefront of competition in the global Boiler System market and are profiled in MRFR Analysis.
Boiler System Market – Market Overview     
Boiler is a pressure vessel that is used to create and supply steam required for various processes within industries.
Oil-fired boilers have gained popularity with limited access to natural gas. Oil-fired boilers burn heating oil to generate heat, which is used to warm up water. Heat is then radiated through the structure. These boilers are almost always closed units with water that should be replaced for maintenance. These systems do not require constant connection to a water line while in use. These present an opportunity to use renewable fuels to heat homes. A number of companies offer heating oil blended with biodiesel, allowing customers to reduce their dependence on foreign oil, while drawing on a domestic energy source.

Boiler capacity can be expressed as steam evaporation rate or energy transfer rate of boiler. There are certain factors responsible for the evaporation rate of the boilers such as operating pressure, operating temperature, feed water temperature, dryness fraction, energy input ratio and surface area of the water plane of boiler. In the current scenario, with depleting fossil fuel and increasing government initiatives towards green energy, government authorities across the globe are looking at reducing their dependency on fossil fuels. Additionally, increasing prices of fossil fuels and strict regulations against emissions are resulting in the growing demand for cleaner energy sources. Natural gas acts as an essential substitute or fossil fuels. Recently, natural gas and biomass industrial boilers have been replacing traditional coal based boilers in developed economies, owing to their significantly lower operational costs than other fuels. The steady rise in adoption of green fuels for industrial boilers, across the globe, is increasing the demand in industrial boiler market.

Accrediting the colossal growth the Boiler System market is witnessing currently and the potential the market is demonstrating to accrue pervasively further in the years to come; the Market Research Future has recently published  a meticulous study report giving out the complete market insight up till 2023. According to which, continuing with the same trends the global boiler system market is projected to perceive an outstanding growth by 2023 registering a striking CAGR during the anticipated period (2017 – 2023). 

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Boiler System Market – Competitive Analysis
Boiler System Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. 

Industry/ Innovation/ Related News:
December 8, 2017: Mitsubishi Hitachi Power Systems, Ltd. (MHPS) , in cooperation with group companies in Africa and Europe, has completed delivery of the third boiler unit of the Medupi Power Station(Note1) currently under construction in the Republic of South Africa for Eskom Holdings SOC Ltd.
January 15, 2018: General Electric Company (GE) had contracted with Bharat Heavy Electricals Ltd (BHEL) for supply of boilers for Telangana Super Thermal Power Project.

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Boiler System Market – Segments
For the convenience of the report and enhanced understanding; The Boiler System Market is segmented in to 4key dynamics
Segmentation by Type - Oil Fireda and Gas Fired
Segmentation by Capacity - Upto 20 Tonnes, 20 to 40 Tonnes, 40 to 50 Tonnes
Segmentation by Regions- Comprises regions - North America, Europe, APAC and Rest of the World.
Boiler System Market – Regional Analysis
The global boiler system market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). 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.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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