As a result of rapid industrial growth and strong product demand for injection moulded plastic goods in the automotive and healthcare industries, the global Industrial Boiler market is expanding. Furthermore, the global hot runner market is expanding as a result of a growing move towards automated plastic processing and packaging to improve productivity and efficiency. Furthermore, leading manufacturers are developing hot runners with an electronic valve gate to boost energy efficiency, which is propelling the industry forward. The increased energy and cost savings expected from the usage of hot runners are likely to drive the growth of the Industrial Boiler market. However, the availability of hot runner alternatives is expected to impede market expansion in the next years.

Industrial Boiler Market Scope:

This market report covers recent developments, trade regulations, import-export analysis, production analysis, value chain optimisation, market share, the impact of domestic and localised market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. For more information on the Industrial Boiler market, please contact Stellar Market Research for an Analyst Brief; our experts will assist you in making an informed market decision to achieve market growth.

Industrial Boiler Market Overview: 

The Industrial Boiler Market competitive landscape gathers data from a competitor. A company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, geographical presence, business strengths and weaknesses, product introduction, product width and breadth, and application domination are all included in the data. The preceding information is only relevant to the firms' focus on the Industrial Boiler market.

Industrial Boiler Market size was valued at US$ 14.20 Billion in 2020 and is expected to grow at 5.66% through 2021 to 2027, reaching nearly US$ 20.88 Billion.

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Industrial Boiler  Market Segmentation: 

The fire-tube boiler operates at a pressure of up to 20 bar. Because it takes more floor space and cannot handle load fluctuations readily, this type of industrial boiler is only employed in small power plants. Because short tubes can hold high pressure better and are less prone to fracturing and failure, the water-tube boiler portion is better suited to high-pressure steam generation. In 2020, the water-tube boiler sector accounted for 60% of the industrial boiler market. This segment is expected to grow at a 6.5% CAGR over the projection period (2021-2027).

Chemicals and petrochemicals, paper and pulp, food and beverages, metals and mining, and others are the application segments.
The Chemicals & Petrochemicals category is the largest end-use industry in the Global Industrial Boiler Market and is expected to grow further due to rising demand for high-quality steam for chemical production.
Heat or steam was necessary at many stages in the food and beverage industries, including batching, processing, steaming, and cleaning. As a result, installing boilers in F&B establishments has become a requirement, significantly increasing the size of the boiler market.

Condensing boilers are 25% more efficient than non-condensing boilers in terms of technology because condensing boilers collect up to 11% more heat than non-condensing boilers.According to the Energy Saving Trust, the improved efficiency of condensing boilers leads in annual savings of up to $4250.65 USD. As enterprises use boilers on a bigger scale, the condensing boiler industry is likely to develop across the board.

Natural gas is predicted to lead the industrial boiler market in terms of fuel due to its ease of availability and low CO2 emissions. Biomass fuels are made from wood pellets, wood chips, or plant resources. The use of low-quality fuel might result in increased emissions and decreased efficiency.

Key Players:  

Bharat Heavy Electricals
A.O. Smith
Parker
Cleaver-Brooks
Thermax
Weil-McLain
Fulton
General Electric
Babcock and Wilcox
Forbes Marshall
Burnham
Hurst Boiler and Welding
Cochran
DEC
John Wood Group PLC
IHI Corporation
Mitsubishi Hitachi Power Systems, Ltd.
ANDRITZ
ALFA LAVAL
Bryan Steam
Superior Boiler Works, Inc.
Vapor Power
Sofinter S.p.a, AB&CO GROUP
ZOZEN boiler Co., Ltd.

Regional Analysis:

Individual market influencing factors and changes in market regulations that impact current and future market trends are also considered in the regional component of the research. Only a few of the indicators utilized to anticipate the market scenario for various countries include downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies.

COVID-19 Market Impact Analysis:

The study also looks at the influence of COVID-19 on the Industrial Boiler  market. The primary goal of this research is to assist the reader in understanding the market in terms of definition, segmentation, market potential, noteworthy trends, and industry issues across ten key regions. The report presents a micro and macroeconomic analysis of COVID-19's overall impact on the Industrial Boiler  Market. The detailed research focuses on market share and size, demonstrating clearly the impact that the pandemic has had and will have on the global Health Insurance Market in the next few years.

Key Questions Answered in the Industrial Boiler  Market Report are: 

• What will be the CAGR of the Industrial Boiler  market during the forecast period (2021-2027)?
• Which segment emerged as the leading segment in the Industrial Boiler  market?
• Which are the prominent players in the Industrial Boiler   market?
• What key trends are likely to emerge in the Industrial Boiler  market in the forecast period?
• What will be the Industrial Boiler   market size by 2027?
• Which company held the largest share in the Industrial Boiler  market in 2020?

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About Stellar Market Research

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