출판 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2023년03월
산업용 보일러 시장 : 연료(천연가스, 석탄, 석유), 보일러(화관, 수관), 기능(온수, 증기), 보일러 마력(10-150 BHP, 151-300 BHP, 301-600 BHP), 최종용도업계, 지역별 – 2030년까지의 세계 예측
Industrial Boilers Market by Fuel (Natural Gas, Coal, Oil), Boiler (Fire-Tube, Water Tube), Function (Hot Water, Steam), Boiler Horsepower (10-150 BHP, 151-300 BHP, 301-600 BHP), End-Use Industry, And Region – Global Forecast to 2030
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| 구성 | 영문조사보고서 |
| 가격 |
The global market size of industrial boilers is projected to grow from USD 15.3 billion in 2022 to USD 19.8 billion by 2030, at a CAGR of 3.3% during the forecast period. The stringent government regulations designed to minimize carbon emissions and maximize the use of renewable energy drives increased demand for power and food industries, as well as the use of clean technology in the chemical industry. This market is predicted to grow rapidly in the coming years.
산업용 보일러의 글로벌 시장 규모는 2022년 153억 달러에서 2030년까지 198억 달러로 예측 기간 동안 CAGR 3.3%로 성장할 것으로 예상됩니다. 탄소 배출을 최소화하고 재생 에너지 사용을 극대화하기 위해 고안된 엄격한 정부 규제는 화학 산업에서 청정 기술의 사용뿐만 아니라 전력 및 식품 산업에 대한 수요를 증가시켰습니다. 이 시장은 향후 몇 년 동안 빠르게 성장할 것으로 예상됩니다.
In terms of value,water-tube accounts for the fastest-growing segment in industrial boilers market, by boiler type, during the forecast period.
The water-tube boiler segment is the fastest-growing application type of industrial boiler. In terms of value, it is projected to register a CAGR of 3.7% between 2022 and 2030. Water-tube boilers are particularly attractive in applications that require dry, high-pressure, high-energy steam, including steam turbine power generation. Water-tube industrial boilers are preferred in various industrial applications, such as chemical processing, pulp & paper, and refining units. They can be easily replaced or repaired.
In terms of value, coal is estimated to be account for sluggish growing segment in industrial boilers market, by fuel type, during the forecast period.
Coal is estimated to witness sluggish growth in the market during 2022-2030. This is attributed to the increasing demand for renewables. However, coal is widely available for industrial boilers and is more economical than other fuel types, such as nuclear energy and biomass.
In terms of value, 10-150 BHP is estimated to be third fastest-growing segment in industrial boilers market, by boiler horsepower type, during the forecast period.
The 10-150 BHP boilers segment is the third fastest-growing boiler horsepower type of industrial boiler. In terms of value, it is projected to register a CAGR of 2.9% between 2022 and 2030. Small-sized industrial boilers range from 10–150 BHP in terms of capacity and are used for steam and hot water applications in various industries like food processing & paper & pulp. They are available in standard designs based on their sizes with low customizations. These boilers are easy to install and are the highest manufactured industrial boilers worldwide. They are used in factories, schools, hospitals, and other large buildings requiring efficient heating.
In terms of value, hot-water is estimated to fastest growing segment in industrial boilers market, by function type, during the forecast period.
The hot water boilers segment is the fastest-growing function type of industrial boiler. In terms of value, it is projected to register a CAGR of 3.8% between 2022 and 2030. Hot water boilers are used in residential, commercial, and institutional buildings. These boilers are designed to operate on various fuel types such as heavy oil, light oil, gas, dual fuel, coal, husk, and other agro-waste fuels. They offer high efficiency, low maintenance, and good durability.
In terms of value, paper & pulp is estimated to be third fastest-growing segment in industrial boilers market, by end use, during the forecast period.
Paper & pulp is the third fastest growing segment by end-use during the forecast period 2022-2030. Industrial boilers generate steam for power and process systems in the paper industry. The high-pressure steam is used in steam turbines to generate electricity for the paper mill. The pulp & paper industry requires medium and low-pressure steam for various process applications, such as heating and cooking the wood chips to make wood pulp. In paper mills, steam is used in other applications such as heating chemicals, dryer drums, and other processes.
North America region accounted for the third-fastest growing segment in the industrial boilers market by value.
North America is the third-largest industrial boilers market in terms of value, in 2022. The countries in the region have already started implementing new regulations that promote the wide use of renewable fuels based boilers. North America houses many industrial boilers manufacturers. The region relies heavily on coal and gas for electricity generation. However, with the new regulations in compliance with the US Environmental Protection Agency’s Mercury and Air Toxics Standards, net coal production capacity decreased by nearly 60 gigawatts (GW). It is further estimated that between 2017 and 2030, an additional 65 GW of coal-fired generating capacity would shut down due to competitively priced natural gas and increasing energy generation from renewable sources.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the industrial boilers market, and information was gathered from secondary research to determine and verify the market size of several segments. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 30%, Tier 2 – 35%, and Tier 3 – 35%
• By Designation: C Level Executives– 20%, Directors – 40%, and Others – 40%
• By Region: Asia Pacific – 50%, Europe – 20%, North America – 10%, the Middle East & Africa – 10%, and South America- 10%
Babcock & Wilcox Enterprises INC (US), Siemens AG (Germany), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC LTD) (China), Mitsubishi Power (Japan), Thermax Limited (India), Sofinter Group (Italy), Bharat Heavy Electricals Limited (BHEL) (India), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), Andritz AG (Austria), Robert Bosch GMBH (Germany), Cleaver Brooks Inc. (US), and Byworth Boilers Limited (UK) are the key players in the industrial boilers market
Research Coverage:
This research report categorizes the industrial boilers market based on fuel type, boiler type, function type, boiler horse type, end use, and region. Based on fuel type, the market has been segmented into coal, natural gas, oil & others. Based on boiler type, the market has been segmented into fire-tube boilers & water-tube boilers. Based on the function type, industrial boilers have been segmented into steam & hot-water boilers. Based on the boiler horsepower type, industrial boilers are segmented into 10-150 BHP, 151-300 BHP, 301-600 BHP & Above 600 BHP. Based on end-use industry, the market has been segmented into chemicals & petrochemicals, food, metals &mining, power generation and others. Based on region, the industrial boilers market has been segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and South America. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches, investment & expansions, mergers & collaborations; and recent developments associated with the industrial boilers market.
Key Benefits of Buying the Report:
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the industrial boilers Insulation market; high growth regions; and market drivers, restraints, opportunities, and challenges.
목차
1 INTRODUCTION 35
1.1 STUDY OBJECTIVES 35
1.2 MARKET DEFINITION 35
TABLE 1 INDUSTRIAL BOILERS: DEFINITION 35
1.2.1 INCLUSIONS AND EXCLUSIONS 36
TABLE 2 INDUSTRIAL BOILERS MARKET: INCLUSIONS AND EXCLUSIONS 36
1.3 STUDY SCOPE 36
1.3.1 MARKETS COVERED 36
FIGURE 1 INDUSTRIAL BOILERS: MARKET SEGMENTATION 36
1.3.2 REGIONS COVERED 37
1.3.3 YEARS CONSIDERED 37
1.4 CURRENCY CONSIDERED 38
1.5 UNITS CONSIDERED 38
1.6 STAKEHOLDERS 38
1.7 SUMMARY OF CHANGES 39
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 2 INDUSTRIAL BOILERS MARKET: RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 41
2.1.1.1 Key data from secondary sources 41
2.1.2 PRIMARY DATA 41
2.1.2.1 Key data from primary sources 42
2.1.3 PRIMARY INTERVIEWS 42
2.1.3.1 Primary interviews—demand and supply sides 42
2.1.3.2 Key industry insights 43
2.1.3.3 Breakdown of primary interviews 43
2.2 MARKET SIZE ESTIMATION 44
2.2.1 TOP-DOWN APPROACH 44
FIGURE 3 MARKET SIZE ESTIMATION APPROACH 44
2.2.1.1 Arriving at market size using bottom-up approach 44
FIGURE 4 BOTTOM-UP APPROACH 45
2.2.2 TOP-DOWN APPROACH 46
2.2.2.1 Arriving at market size using top-down approach 46
FIGURE 5 TOP-DOWN APPROACH 46
2.3 DATA TRIANGULATION 47
FIGURE 6 INDUSTRIAL BOILERS MARKET: DATA TRIANGULATION 47
2.4 FACTOR ANALYSIS 48
FIGURE 7 INDUSTRIAL BOILERS MARKET: FACTOR ANALYSIS 48
2.5 RESEARCH ASSUMPTIONS 48
2.6 LIMITATIONS AND RISKS 49
3 EXECUTIVE SUMMARY 50
FIGURE 8 COAL SEGMENT TO REGISTER SLUGGISH MARKET GROWTH DURING FORECAST PERIOD 50
FIGURE 9 FIRE-TUBE TO DOMINATE BOILER TYPE DURING FORECAST PERIOD 51
FIGURE 10 STEAM BOILERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 51
FIGURE 11 10–150 BHP SEGMENT TO DOMINATE DURING FORECAST PERIOD 52
FIGURE 12 CHEMICALS & PETROCHEMICALS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 52
FIGURE 13 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE 53
4 PREMIUM INSIGHTS 54
4.1 EMERGING ECONOMIES TO WITNESS HIGH GROWTH IN INDUSTRIAL BOILERS MARKET 54
FIGURE 14 ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 54
4.2 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE 54
FIGURE 15 STEAM BOILERS TO BE FASTEST GROWING FUNCTION TYPE DURING FORECAST PERIOD 54
4.3 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE 55
FIGURE 16 WATER-TUBE BOILERS TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 55
4.4 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE 55
FIGURE 17 COAL-FUELED BOILERS TO REGISTER SLUGGISH GROWTH DURING FORECAST PERIOD 55
4.5 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER 56
FIGURE 18 ABOVE 600 BHP TO BE FASTEST GROWING BOILER HORSEPOWER TYPE DURING FORECAST PERIOD 56
4.6 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY 56
FIGURE 19 POWER GENERATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 56
4.7 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY AND COUNTRY 57
FIGURE 20 CHEMICALS & PETROCHEMICALS INDUSTRY AND CHINA ACCOUNTED FOR LARGEST MARKET SHARE 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL BOILERS MARKET 58
5.2.1 DRIVERS 59
5.2.1.1 Government policies to increase requirements for industrial boilers 59
5.2.1.2 Increasing demand from power and food & beverage industries 59
5.2.1.3 High demand for clean technology from chemical industries 59
5.2.2 RESTRAINTS 60
5.2.2.1 Significant capital investment and high installation and
maintenance cost 60
5.2.3 OPPORTUNITIES 60
5.2.3.1 Adoption of biomass boilers to achieve low carbon emission targets 60
FIGURE 22 ENERGY PRODUCED FROM BIOMASS (2005–2019) (TWH) 60
5.2.3.2 Replacement of aging boilers and adoption of supercritical and
ultra-supercritical boilers 61
5.2.3.3 Increasing demand for compact designs and lean operations 61
5.2.4 CHALLENGES 61
5.2.4.1 Stringent regulations and emission control 61
5.2.4.2 Increasing energy prices 61
5.3 PATENT ANALYSIS 62
5.3.1 METHODOLOGY 62
5.3.2 GLOBAL PATENT ANALYSIS 62
TABLE 3 PATENT COUNT 62
FIGURE 23 TOTAL NUMBER OF PATENTS 62
5.3.3 PUBLICATION TRENDS 63
FIGURE 24 TOTAL NUMBER OF PATENTS IN LAST 10 YEARS 63
5.3.4 INSIGHTS 63
5.3.5 LEGAL STATUS 63
FIGURE 25 PATENT ANALYSIS, BY LEGAL STATUS 63
5.3.6 JURISDICTION-WISE PATENT ANALYSIS 64
FIGURE 26 TOP JURISDICTIONS FOR INDUSTRIAL BOILER PATENTS 64
5.3.7 TOP COMPANIES/APPLICANTS 64
FIGURE 27 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS 64
5.3.8 LEADING PATENT OWNERS (US) 65
TABLE 4 TOP 10 PATENT OWNERS, 2012–2022 65
5.4 ECOSYSTEM MAPPING 65
FIGURE 28 INDUSTRIAL BOILERS ECOSYSTEM 65
TABLE 5 INDUSTRIAL BOILERS: ECOSYSTEM 66
5.5 VALUE CHAIN ANALYSIS 66
FIGURE 29 VALUE CHAIN ANALYSIS 67
5.5.1 RAW MATERIAL SUPPLIERS 67
5.5.2 MANUFACTURERS 67
5.5.3 DISTRIBUTORS 67
5.5.4 END USERS 67
5.6 TECHNOLOGY ANALYSIS 68
5.6.1 LOW NOX BOILERS 68
5.6.2 INDUSTRIAL INTERNET OF THINGS 68
5.6.3 REMOTE MONITORING 68
5.7 PRICING ANALYSIS 68
5.7.1 AVERAGE SELLING PRICE BY REGION 68
FIGURE 30 INDUSTRIAL BOILERS PRICES IN DIFFERENT REGIONS, 2021 68
FIGURE 31 AVERAGE SELLING PRICE OF KEY PLAYERS FOR TOP THREE
END-USE SEGMENTS 69
5.7.2 AVERAGE SELLING PRICE BY KEY PLAYERS 69
TABLE 6 KEY PLAYERS: AVERAGE SELLING PRICE (USD ‘000/UNITS) 69
5.8 PORTER’S FIVE FORCES ANALYSIS 70
FIGURE 32 INDUSTRIAL BOILERS MARKET: PORTER’S FIVE FORCES ANALYSIS 70
5.8.1 THREAT OF SUBSTITUTES 70
5.8.2 BARGAINING POWER OF SUPPLIERS 71
5.8.3 THREAT OF NEW ENTRANTS 71
5.8.4 BARGAINING POWER OF BUYERS 71
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 72
TABLE 7 INDUSTRIAL BOILERS: PORTER’S FIVE FORCES ANALYSIS 72
5.9 TRADE ANALYSIS 73
5.9.1 IMPORT–EXPORT SCENARIO OF INDUSTRIAL BOILERS MARKET 73
TABLE 8 IMPORT TRADE DATA FOR INDUSTRIAL BOILERS 73
TABLE 9 EXPORT TRADE DATA FOR INDUSTRIAL BOILERS 74
5.10 MACROECONOMIC INDICATORS 75
5.10.1 GDP TRENDS AND FORECASTS 75
TABLE 10 PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 2018–2025 75
5.11 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 76
FIGURE 33 IMPACT OF TRENDS AND DISRUPTIONS ON CUSTOMERS’ BUSINESSES 76
5.12 KEY CONFERENCES AND EVENTS, 2023–2024 76
TABLE 11 INDUSTRIAL BOILERS MARKET: CONFERENCES AND EVENTS 76
5.13 RECESSION IMPACT 78
5.14 TARIFF AND REGULATIONS 79
5.14.1 NORTH AMERICA 79
5.14.2 EUROPE 79
5.14.3 ASIA 80
5.15 CASE STUDY ANALYSIS 80
5.15.1 BYWORTH’S FELLSMAN HOT WATER BOILER FOR SHEFFIELD WEDNESDAY FOOTBALL CLUB 80
5.15.2 THERMAX’S CPFD FOR GOVIND DAIRY PHALTAN 80
6 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE 81
6.1 INTRODUCTION 82
FIGURE 34 NATURAL GAS SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 82
TABLE 12 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION) 82
TABLE 13 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 83
TABLE 14 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (‘000 UNITS) 83
TABLE 15 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (‘000 UNITS) 83
6.2 NATURAL GAS 84
6.2.1 REGULATORY GUIDELINES CONCERNING CO2 EMISSIONS TO DRIVE MARKET 84
6.3 COAL 84
6.3.1 ASIA PACIFIC TO DOMINATE COAL-FIRED INDUSTRIAL BOILERS MARKET 84
6.4 OIL 85
6.4.1 HIGH AVAILABILITY OF CRUDE OIL EXPECTED TO FUEL MARKET GROWTH 85
6.5 OTHERS 85
7 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE 86
7.1 INTRODUCTION 87
FIGURE 35 FIRE-TUBE BOILERS SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD 87
TABLE 16 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION) 87
TABLE 17 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION) 87
TABLE 18 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (‘000 UNITS) 88
TABLE 19 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (‘000 UNITS) 88
7.2 FIRE-TUBE 88
7.2.1 FUEL-EFFICIENT FIRE-TUBE BOILERS EASIER TO OPERATE 88
7.3 WATER-TUBE 89
7.3.1 WATER-TUBE BOILERS TO BE HIGHLY EFFICACIOUS 89
7.4 OTHERS 89
8 INDUSTRIAL BOILERS MARKET, BY FUNCTION 90
8.1 INTRODUCTION 91
FIGURE 36 STEAM BOILERS TO DOMINATE DURING FORECAST PERIOD 91
TABLE 20 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 91
TABLE 21 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 91
TABLE 22 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (‘000 UNITS) 92
TABLE 23 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (‘000 UNITS) 92
8.2 HOT WATER 92
8.2.1 HIGH-TEMPERATURE HOT WATER BOILERS IDEAL FOR LARGER SYSTEMS 92
8.3 STEAM 92
8.3.1 STEAM BOILERS PREFERRED IN TURBINE AND POWER INDUSTRIES 92
9 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER 93
9.1 INTRODUCTION 94
FIGURE 37 10–150 BHP SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD 94
TABLE 24 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION) 94
TABLE 25 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION) 95
TABLE 26 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (‘000 UNITS) 95
TABLE 27 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (‘000 UNITS) 95
9.2 10–150 BHP 96
9.2.1 ASIA PACIFIC TO HOLD LARGEST MARKET SHARE FOR 10–150 BHP INDUSTRIAL BOILERS 96
9.3 151–300 BHP 96
9.3.1 PRECISE PRESSURE AND TEMPERATURE REQUIREMENT ACROSS END-USE INDUSTRIES TO FUEL MARKET GROWTH 96
9.4 301–600 BHP 96
9.4.1 INCREASING DEMAND FOR HIGH-PRESSURE STEAM OUTPUT TO PROPEL SEGMENT GROWTH 96
10 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY 97
10.1 INTRODUCTION 98
FIGURE 38 CHEMICALS & PETROCHEMICALS SEGMENT PROJECTED TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 98
TABLE 28 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 98
TABLE 29 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 99
TABLE 30 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (‘000 UNITS) 99
TABLE 31 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (‘000 UNITS) 99
10.2 CHEMICALS & PETROCHEMICALS 100
10.2.1 HIGH DEMAND FOR BULK CHEMICALS IN EMERGING ECONOMIES TO PROPEL SEGMENT GROWTH 100
10.3 FOOD 100
10.3.1 INCREASING DEMAND FOR PACKAGED FOODS TO FUEL SEGMENT GROWTH 100
10.4 PULP & PAPER 101
10.4.1 HIGH DEMAND FOR PAPER IN ASIA PACIFIC TO BOOST INDUSTRIAL GROWTH 101
10.5 METALS & MINING 101
10.5.1 INCREASING DEMAND FOR STEEL AND MINING INDUSTRIES TO DRIVE MARKET 101
10.6 POWER GENERATION 102
10.6.1 POWER GENERATION SEGMENT TO ENCOUNTER RAPID GROWTH DURING FORECAST PERIOD 102
10.7 OTHERS 102
11 REGIONAL ANALYSIS 103
11.1 INTRODUCTION 104
FIGURE 39 INDUSTRIAL BOILERS MARKET IN INDIA PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 104
TABLE 32 INDUSTRIAL BOILERS MARKET, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 33 INDUSTRIAL BOILERS MARKET, BY REGION, 2022–2030 (USD MILLION) 105
TABLE 34 INDUSTRIAL BOILERS MARKET, BY REGION, 2018–2021 (‘000 UNITS) 105
TABLE 35 INDUSTRIAL BOILERS MARKET, BY REGION, 2022–2030 (‘000 UNITS) 105
11.2 ASIA PACIFIC 106
FIGURE 40 ASIA PACIFIC INDUSTRIAL BOILERS MARKET SNAPSHOT 107
TABLE 36 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 107
TABLE 37 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 108
TABLE 38 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS) 108
TABLE 39 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS) 108
TABLE 40 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION) 109
TABLE 41 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION) 109
TABLE 42 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION) 109
TABLE 43 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 109
TABLE 44 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 110
TABLE 45 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 110
TABLE 46 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION) 110
TABLE 47 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION) 110
TABLE 48 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 111
TABLE 49 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 111
11.2.1 CHINA 111
11.2.1.1 Replacing coal-fired boilers by gas-fired boilers to fuel segment growth 111
TABLE 50 CHINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 112
TABLE 51 CHINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 112
TABLE 52 CHINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 112
TABLE 53 CHINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 113
11.2.2 INDIA 113
11.2.2.1 Increased demand from chemical industry to drive market 113
TABLE 54 INDIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 113
TABLE 55 INDIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 114
TABLE 56 INDIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 114
TABLE 57 INDIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 114
11.2.3 JAPAN 115
11.2.3.1 Increasing use of boilers in food & chemical end-use industry to propel market 115
TABLE 58 JAPAN: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 115
TABLE 59 JAPAN: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 115
TABLE 60 JAPAN: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 116
TABLE 61 JAPAN: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 116
11.2.4 SOUTH KOREA 116
11.2.4.1 Replacing coal-fired plants with LNG-based plants to achieve carbon neutrality 116
TABLE 62 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 117
TABLE 63 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 117
TABLE 64 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 117
TABLE 65 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 118
11.2.5 MALAYSIA 118
11.2.5.1 Rising demand for food products to propel market 118
TABLE 66 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 118
TABLE 67 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 119
TABLE 68 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 119
TABLE 69 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 119
11.2.6 AUSTRALIA 120
11.2.6.1 Adoption of renewable resources to meet electricity requirement 120
TABLE 70 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 120
TABLE 71 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 120
TABLE 72 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 121
TABLE 73 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 121
11.2.7 REST OF ASIA PACIFIC 122
11.2.7.1 Growth in chemical industries to drive market 122
TABLE 74 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 122
TABLE 75 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 122
TABLE 76 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 122
TABLE 77 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 123
11.3 EUROPE 123
FIGURE 41 EUROPE INDUSTRIAL BOILERS MARKET SNAPSHOT 124
TABLE 78 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 124
TABLE 79 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 125
TABLE 80 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS) 125
TABLE 81 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS) 125
TABLE 82 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION) 126
TABLE 83 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION) 126
TABLE 84 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION) 126
TABLE 85 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 126
TABLE 86 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 127
TABLE 87 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 127
TABLE 88 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION) 127
TABLE 89 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION) 127
TABLE 90 EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 128
TABLE 91 EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 128
11.3.1 GERMANY 128
11.3.1.1 Advancements in high-value fine chemicals to propel market 128
TABLE 92 GERMANY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 129
TABLE 93 GERMANY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 129
TABLE 94 GERMANY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 129
TABLE 95 GERMANY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 130
11.3.2 UK 130
11.3.2.1 Reducing carbon emissions to boost demand for hydrogen-fired industrial boilers 130
TABLE 96 UK: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 130
TABLE 97 UK: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 131
TABLE 98 UK: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 131
TABLE 99 UK: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 131
11.3.3 FRANCE 132
11.3.3.1 Rising demand from chemical industry to drive market 132
TABLE 100 FRANCE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 132
TABLE 101 FRANCE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 132
TABLE 102 FRANCE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 132
TABLE 103 FRANCE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 133
11.3.4 ITALY 133
11.3.4.1 Growth of food industries to increase demand for industrial boilers 133
TABLE 104 ITALY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 133
TABLE 105 ITALY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 134
TABLE 106 ITALY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 134
TABLE 107 ITALY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 134
11.3.5 TURKEY 135
11.3.5.1 Demand for processed food products to drive market 135
TABLE 108 TURKEY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 135
TABLE 109 TURKEY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 135
TABLE 110 TURKEY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 135
TABLE 111 TURKEY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 136
11.3.6 EASTERN EUROPE 136
11.3.6.1 Growing demand for industrial boilers in food end-use industry to fuel market growth 136
TABLE 112 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 136
TABLE 113 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 137
TABLE 114 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 137
TABLE 115 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 137
11.3.7 REST OF EUROPE 138
11.3.7.1 Increasing demand for chemicals and food products to propel market 138
TABLE 116 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 138
TABLE 117 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 138
TABLE 118 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 138
TABLE 119 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 139
11.4 NORTH AMERICA 139
TABLE 120 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 139
TABLE 121 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 140
TABLE 122 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS) 140
TABLE 123 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS) 140
TABLE 124 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION) 140
TABLE 125 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION) 141
TABLE 126 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION) 141
TABLE 127 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 141
TABLE 128 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 141
TABLE 129 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 142
TABLE 130 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION) 142
TABLE 131 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION) 142
TABLE 132 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 143
TABLE 133 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 143
11.4.1 US 143
11.4.1.1 Adoption of natural gas-fired boilers to meet clean energy requirement 143
TABLE 134 US: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 144
TABLE 135 US: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 144
TABLE 136 US: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 144
TABLE 137 US: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 145
11.4.2 CANADA 145
11.4.2.1 Significant presence of food processing companies to drive market 145
TABLE 138 CANADA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 145
TABLE 139 CANADA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 146
TABLE 140 CANADA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 146
TABLE 141 CANADA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 146
11.4.3 MEXICO 147
11.4.3.1 Rising demand from chemical segment to propel market 147
TABLE 142 MEXICO: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 147
TABLE 143 MEXICO: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 147
TABLE 144 MEXICO: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 147
TABLE 145 MEXICO: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 148
11.5 MIDDLE EAST & AFRICA 148
TABLE 146 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 148
TABLE 147 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 149
TABLE 148 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS) 149
TABLE 149 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS) 149
TABLE 150 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION) 150
TABLE 151 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION) 150
TABLE 152 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION) 150
TABLE 153 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 151
TABLE 154 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 151
TABLE 155 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 151
TABLE 156 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION) 151
TABLE 157 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION) 152
TABLE 158 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 152
TABLE 159 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 152
11.5.1 SAUDI ARABIA 153
11.5.1.1 Thermal energy consumption in chemical industries to fuel market growth 153
TABLE 160 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 153
TABLE 161 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 153
TABLE 162 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 154
TABLE 163 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 154
11.5.2 UAE 154
11.5.2.1 Increasing demand for basic chemicals, polymers, and fertilizers to fuel segment growth 154
TABLE 164 UAE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 155
TABLE 165 UAE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 155
TABLE 166 UAE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 155
TABLE 167 UAE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 155
11.5.3 EGYPT 156
11.5.3.1 Production of domestic fossil gas to reduce carbon consumption 156
TABLE 168 EGYPT: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 156
TABLE 169 EGYPT: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 156
TABLE 170 EGYPT: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 156
TABLE 171 EGYPT: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 157
11.5.4 REST OF MIDDLE EAST & AFRICA 157
11.5.4.1 Increasing demand for industrial chemicals and fertilizers to fuel market growth 157
TABLE 172 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 157
TABLE 173 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 158
TABLE 174 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 158
TABLE 175 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 158
11.6 SOUTH AMERICA 159
TABLE 176 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 159
TABLE 177 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 159
TABLE 178 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS) 159
TABLE 179 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS) 160
TABLE 180 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION) 160
TABLE 181 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION) 160
TABLE 182 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION) 160
TABLE 183 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION) 161
TABLE 184 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 161
TABLE 185 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 161
TABLE 186 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION) 161
TABLE 187 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION) 162
TABLE 188 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 162
TABLE 189 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 162
11.6.1 BRAZIL 163
11.6.1.1 Extensive use of natural gas and biomass to drive market 163
TABLE 190 BRAZIL: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 163
TABLE 191 BRAZIL: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 163
TABLE 192 BRAZIL: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 163
TABLE 193 BRAZIL: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 164
11.6.2 ARGENTINA 164
11.6.2.1 Adoption of renewable energy to boost market 164
TABLE 194 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 164
TABLE 195 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 165
TABLE 196 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 165
TABLE 197 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 165
11.6.3 REST OF SOUTH AMERICA 166
11.6.3.1 Expansion of food end-use industries to fuel market growth 166
TABLE 198 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION) 166
TABLE 199 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION) 166
TABLE 200 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 166
TABLE 201 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 167
12 COMPETITIVE LANDSCAPE 168
12.1 OVERVIEW 168
FIGURE 42 COMPANIES ADOPTED ACQUISITIONS AND EXPANSIONS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022 168
12.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022 169
FIGURE 43 RANKING OF TOP FIVE PLAYERS IN INDUSTRIAL BOILERS MARKET, 2022 169
12.3 MARKET SHARE ANALYSIS 169
FIGURE 44 INDUSTRIAL BOILERS MARKET SHARE, BY COMPANY, 2021 169
TABLE 202 INDUSTRIAL BOILERS MARKET: DEGREE OF COMPETITION 170
12.4 REVENUE ANALYSIS OF TOP PLAYERS 171
TABLE 203 INDUSTRIAL BOILERS MARKET: REVENUE ANALYSIS (USD) 171
12.5 MARKET EVALUATION MATRIX 172
TABLE 204 MARKET EVALUATION MATRIX 172
12.6 COMPANY EVALUATION MATRIX, 2022 (TIER 1) 173
12.6.1 STARS 173
12.6.2 EMERGING LEADERS 173
12.6.3 PERVASIVE PLAYERS 173
12.6.4 PARTICIPANTS 173
FIGURE 45 INDUSTRIAL BOILERS MARKET: COMPANY EVALUATION MATRIX, 2022 174
12.7 STARTUP AND SME EVALUATION MATRIX 175
12.7.1 RESPONSIVE COMPANIES 175
12.7.2 STARTING BLOCKS 175
12.7.3 PROGRESSIVE COMPANIES 175
12.7.4 DYNAMIC COMPANIES 175
FIGURE 46 INDUSTRIAL BOILERS MARKET: STARTUPS AND SMES MATRIX, 2022 176
12.8 COMPANY END-USE INDUSTRY FOOTPRINT 176
12.9 COMPANY REGION FOOTPRINT 178
12.10 STRENGTH OF PRODUCT PORTFOLIO 179
12.11 BUSINESS STRATEGY EXCELLENCE 180
12.12 COMPETITIVE SCENARIO 181
12.12.1 PRODUCT LAUNCHES 181
TABLE 205 PRODUCT LAUNCHES, 2018–2022 181
12.12.2 DEALS 182
TABLE 206 DEALS, 2018–2022 182
12.12.3 OTHER DEVELOPMENTS 184
TABLE 207 OTHER DEVELOPMENTS, 2018–2021 184
13 COMPANY PROFILES 185
(Business Overview, Products/Solutions/Services offered, Recent Developments, Deals, MnM view, Key strengths, Strategic choices, Weakness and competitive threats)*
13.1 MAJOR PLAYERS 185
13.1.1 BABCOCK & WILCOX ENTERPRISES, INC. 185
TABLE 208 BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY OVERVIEW 185
FIGURE 47 BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY SNAPSHOT 186
TABLE 209 BABCOCK & WILCOX ENTERPRISES, INC.: DEALS 187
13.1.2 SIEMENS AG 190
TABLE 210 SIEMENS AG: COMPANY OVERVIEW 190
FIGURE 48 SIEMENS AG: COMPANY SNAPSHOT 190
TABLE 211 SIEMENS AG: PRODUCT OFFERINGS 191
TABLE 212 SIEMENS AG: DEALS 191
13.1.3 JOHN WOOD PLC 193
TABLE 213 JOHN WOOD GROUP PLC: COMPANY OVERVIEW 193
FIGURE 49 JOHN WOOD GROUP PLC: COMPANY SNAPSHOT 193
TABLE 214 JOHN WOOD GROUP PLC: PRODUCT OFFERINGS 194
TABLE 215 JOHN WOOD GROUP PLC: DEALS 194
13.1.4 DONGFANG ELECTRIC CORPORATION LIMITED 196
TABLE 216 DONGFANG ELECTRIC CORPORATION LIMITED: COMPANY OVERVIEW 196
TABLE 217 DONGFANG ELECTRIC CORPORATION LIMITED: PRODUCT OFFERINGS 196
TABLE 218 DONGFANG ELECTRIC CORPORATION LIMITED: DEALS 197
13.1.5 ROBERT BOSCH GMBH 199
TABLE 219 ROBERT BOSCH GMBH: COMPANY OVERVIEW 199
FIGURE 50 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 200
TABLE 220 ROBERT BOSCH GMBH: PRODUCTS OFFERED 200
TABLE 221 ROBERT BOSCH GMBH: PRODUCT LAUNCHES 202
13.1.6 MITSUBISHI POWER 203
TABLE 222 MITSUBISHI POWER: COMPANY OVERVIEW 203
TABLE 223 MITSUBISHI POWER: PRODUCT OFFERINGS 203
TABLE 224 MITSUBISHI POWER: PRODUCT LAUNCHES 204
TABLE 225 MITSUBISHI POWER: DEALS 204
13.1.7 THERMAX LIMITED 206
TABLE 226 THERMAX LIMITED: COMPANY OVERVIEW 206
FIGURE 51 THERMAX LIMITED: COMPANY SNAPSHOT 207
TABLE 227 THERMAX LIMITED: PRODUCT OFFERINGS 208
TABLE 228 THERMAX LIMITED: DEALS 209
13.1.8 SOFINTER GROUP 210
TABLE 229 SOFINTER GROUP: COMPANY OVERVIEW 210
TABLE 230 SOFINTER GROUP: PRODUCT OFFERINGS 210
13.1.9 BHARAT HEAVY ELECTRICALS LIMITED 212
TABLE 231 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY OVERVIEW 212
FIGURE 52 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT 213
TABLE 232 BHARAT HEAVY ELECTRICALS LIMITED: PRODUCT OFFERINGS 213
TABLE 233 BHARAT HEAVY ELECTRICALS LIMITED: DEALS 214
13.1.10 CLEAVER-BROOKS, INC. 215
TABLE 234 CLEAVER-BROOKS, INC.: COMPANY OVERVIEW 215
TABLE 235 CLEAVER-BROOKS, INC.: PRODUCTS OFFERED 215
TABLE 236 CLEAVER-BROOKS, INC.: PRODUCT LAUNCHES 216
13.1.11 BYWORTH BOILERS LTD. 218
TABLE 237 BYWORTH BOILERS LTD.: COMPANY OVERVIEW 218
TABLE 238 BYWORTH BOILERS LTD.: PRODUCTS OFFERED 218
13.1.12 ANDRITZ AG 220
TABLE 239 ANDRITZ AG: COMPANY OVERVIEW 220
FIGURE 53 ANDRITZ AG: COMPANY SNAPSHOT 220
TABLE 240 ANDRITZ AG: PRODUCT OFFERINGS 221
13.1.13 HARBIN ELECTRIC COMPANY LIMITED 223
TABLE 242 HARBIN ELECTRIC COMPANY LIMITED: COMPANY OVERVIEW 223
TABLE 243 HARBIN ELECTRIC COMPANY LIMITED: PRODUCT OFFERINGS 223
13.1.14 ALFA LAVAL AB 224
TABLE 244 ALFA LAVAL AB: COMPANY OVERVIEW 224
FIGURE 54 ALFA LAVAL AB: COMPANY SNAPSHOT 225
TABLE 245 ALFA LAVAL AB: PRODUCT OFFERINGS 225
13.1.15 IHI CORPORATION 227
TABLE 246 IHI CORPORATION: COMPANY OVERVIEW 227
FIGURE 55 IHI CORPORATION: COMPANY SNAPSHOT 227
TABLE 247 IHI CORPORATION: PRODUCT OFFERINGS 228
TABLE 249 IHI CORPORATION: OTHER DEVELOPMENTS 228
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, Deals, MnM view, Key strengths, Strategic choices, Weakness and competitive threats might not be captured in case of unlisted companies.
13.2 OTHER PLAYERS 230
13.2.1 BRYAN STEAM, LLC 230
13.2.2 COCHRAN LTD. 230
13.2.3 FORBES MARSHALL PRIVATE LIMITED 230
13.2.4 THE FULTON COMPANIES 230
13.2.5 VAPOR POWER INTERNATIONAL, LLC 230
13.2.6 SUPERIOR BOILER WORKS, INC. 231
13.2.7 HURST BOILER & WELDING COMPANY, INC. 231
13.2.8 JOHNSTON BOILER COMPANY 231
13.2.9 PARKER BOILER COMPANY 231
13.2.10 RENTECH BOILER SYSTEMS, INC. 231
14 APPENDIX 232
14.1 DISCUSSION GUIDE 232
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 236
14.3 CUSTOMIZATION OPTIONS 238
14.4 RELATED REPORTS 238
14.5 AUTHOR DETAILS 239
