Package Boilers Global Market Outlook 20172023 [Report Updated: 01092017] Prices from USD $4150
19 Oct 2017
According to Stratistics MRC, the Global Package Boilers Market is expected to grow from $8.41 billion in 2016 to reach $12.35 billion by 2023 with a CAGR of 5.6%. Growing demand from the food beverage industry is projected to positively influence the global package boilers market over the forecast period. Growing preference for clean and renewable energy sources is expected to assist the global market growth. Furthermore, growing nonrenewable power plants, development of ultramega power projects in emerging countries and government initiatives towards reducing dependency on fossil fuels are the factors touted to bolster the global package boilers market growth over the forecast period. Strict emission standards are expected to hamper the overall market growth.
Food Beverage segment leads the market globally with the biggest market share and is expected to grow with a high CAGR among the other verticals. The growth of this segment is attributed to the increase in automation and upgrading processes in FB industry, rising expenditure in the FB processing industry, rising demand for processed foods and growing disposable income in developing countries. Based on type, the firetube package boilers segment is anticipated to lead the package boilers market from 2017 to 2023 because of its wide usage in many process industries and marine applications.
North America and Europe have dominated the global package boilers market and accounted for the major market share. Regulations imposed by the major environmental regulatory bodies such as the US Environmental Protection Agency encourages various end use industries, which is fuelling the demand for package boilers in these regions. Asia Pacific is expected to witness a brisk market growth over the forecast period. Growing demand for package boilers from various enduse industries, rapid industrialization, continued economic growth and infrastructural developments in APAC are the factors expected to have positive impact on the overall regional market. Countries such as India, China, Brazil, Mexico, South Korea and Japan are estimated to witness rapid growth over the forecast period.
Some of the prominent package boilers industry participants include Mitsubishi Hitachi Power Systems, Ltd., Aerco International Inc., Calderas Powermaster, Williams Davis Boilers, Microtech Boilers Private Limited, IHI Corporation, Johnston Boiler Company, Fulton, Amec Foster Wheeler PLC, English Boiler and Tube, Inc., Kawasaki Thermal Engineering Co., Ltd., Forbes Marshall Private Limited, Hurst Boiler Welding Company, Inc., Vapor Power International, LLC, Babcock Wilcox Enterprises, Inc., CleaverBrooks, Inc., Parker Boiler Company, Superior Boiler Works, Inc., Thermax Limited and YorkShipley Global.
Boiler Types Covered:
Electric Boilers
Firetube Package Boilers
Watertube Package Boilers
Other Boiler Types
Designs Covered:
Atype Package Boilers
Dtype Package Boilers
Otype Package Boilers
Type of Fuel Covered:
Biomass
Gas
Oil
Other Fuels
Verticals Covered:
Chemical
Food Beverage
Oil Gas
Paper Pulp
Other Verticals
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East Africa
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Indications
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