Market Dynamics

High demand for steam boilers from various end use industries such as food & beverage, pulp & paper, etc. is a major factor expected to drive the growth of the global market. Rapid industrialization is taking place in developing countries, with the ongoing business expansion plans by the manufactures in order to increase the profit ration is resulting in inclination towards establishing new production facility which is expected to increase the demand for steam boilers.

Major players are inclining towards emerging economies through strategic merger and acquisition they are increasing their business presence in regional and international market. With the approach towards business partnerships and agreements is expected increase the customer base and enhance the profit ratio.

• In 2019, Babcock & Wilcox Enterprises, Inc. received an award of US$ 12 Mn in order to refurbish a recovery boiler for a U.S. manufacturing facility. This will help the company to strengthen its position in global market.
• In 2018, GE was awarded by Bharat Heavy Electricals Limited (BHEL) in order to deliver twin boiler equipment for supercritical thermal power projects in Jharkhand and Tamil Nadu. This award will help the company to increase the revenue and strengthen its position in the global market.

Growing demand for electricity from industrial sector, coupled with various projects related to development of present power generation infrastructure by the developing countries is expected to increase demand for steam boilers further impacting the growth of the global market positively.

However, high installation cost and stringent government regulation related to emission are factors expected to hamper the growth of the global market. In addition, factor such as focus on renewable power generation is limiting the adoption of steam boilers further challenging the growth of target market.

Rapid technological advancements by major players product development activities, coupled with innovative compact product offerings are factors expected to create new opportunities for players over the forecast period. In addition, major player’s inclination toward merger and acquisitions in order to increase the business is expected to further support target market growth.

• In 2019, Atlas Copco acquired Powerhouse Equipment & Engineering Co. Inc. a company providing rental/temporary steam solutions to the customer’s processes in North America. This acquisition will help the company to increase the customer base and strengthen its position in US market.

Steam Boilers Market Segment Analysis, 2019

The global market is segmented into capacity, fuel, technology, and end use. The technology segment is bifurcated into Condensing and Non-Condensing. Among end use the food processing is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share owing to rising demand from food & beverage industry. In addition, strategic business development activities are expected to further support the growth of the target market in this region.

Asia Pacific is expected to witness faster growth in the near future owing to high electricity demand from various end use industries, coupled with innovative product offerings by major players. In addition, inclination towards emerging economies is expected to increase the customer base further expected to support the growth of target market.

Competitive Landscape

Presence of large number of players operating on regional and international level is increasing the competition. In addition, business development activities and new product offerings are factors further augmenting the market competition.

Report coverage

The market research study on “Steam Boilers Market (Capacity: <10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, and >250 MMBtu/hr; Fuel: Natural Gas, Oil, Coal, and Others; Technology: Condensing and Non-Condensing; End Use: Food processing, Pulp & Paper, Chemical, Refinery, Primary Metal, and Other Manufacturing) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global steam boilers market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global steam boilers market capacity, fuel, technology, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global steam boilers market size and segment markets by capacity, fuel, technology, end use and geography along with the information on companies operating in the market. The steam boilers market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report General Electric, Siemens AG, Bharat Heavy Electricals Limited, Fulton Boiler Works, Inc., CMI Group, Hurst Boiler and Welding Co, Inc., IHI Corporation, Clayton Industries, AMEC Foster Wheeler Ltd., Cleaver-Brooks, Inc., Cochran Ltd., Doosan Heavy Industries & Construction Co. Ltd., Forbes Marshall Private Limited, Mitsubishi Hitachi Power Systems, Ltd., Babcock and Wilcox Enterprises, Inc.

Market Segmentation

Market By Capacity

• <10 MMBtu/hr
• 10-50 MMBtu/hr
• 50-100 MMBtu/hr
• 100-250 MMBtu/hr
• >250 MMBtu/hr

Market By Fuel

• Natural Gas
• Oil
• Coal
• Others

Market By Technology

• Condensing
• Non-Condensing 

Market By End Use

• Food processing
• Pulp & Paper
• Chemical
• Refinery
• Primary Metal
• Other Manufacturing

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa