The global steam boiler market is anticipated to grow at a CAGR of around 4.0% during the forecast period 2020 to 2027 and to reach around US$ 20.9 Bn by 2027.
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
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Market
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Global Steam Boilers Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Capacity, Fuel, Technology, End Use and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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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
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
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Steam Boilers
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Steam Boilers Market By Capacity
1.2.2.1. Global Steam Boilers Market Revenue and Growth Rate Comparison By Capacity (2016-2027)
1.2.2.2. Global Steam Boilers Market Revenue Share By Capacity in 2019
1.2.2.3. <10 MMBtu/hr
1.2.2.4. 10-50 MMBtu/hr
1.2.2.5. 50-100 MMBtu/hr
1.2.2.6. 100-250 MMBtu/hr
1.2.2.7. >250 MMBtu/hr
1.2.3. Steam Boilers Market By Fuel
1.2.3.1. Global Steam Boilers Market Revenue and Growth Rate Comparison By Fuel (2016-2027)
1.2.3.1.1. Natural Gas
1.2.3.1.2. Oil
1.2.3.1.3. Coal
1.2.3.1.4. Others
1.2.4. Steam Boilers Market By Technology
1.2.4.1. Global Steam Boilers Market Revenue and Growth Rate Comparison By Technology (2016-2027)
1.2.4.2. Condensing
1.2.4.3. Non-Condensing
1.2.5. Steam Boilers Market By End Use
1.2.5.1. Global Steam Boilers Market Revenue and Growth Rate Comparison By End Use (2016-2027)
1.2.5.2. Food processing
1.2.5.3. Pulp & Paper
1.2.5.4. Chemical
1.2.5.5. Refinery
1.2.5.6. Primary Metal
1.2.5.7. Other Manufacturing
1.2.6. Steam Boilers Market By Geography
1.2.6.1. Global Steam Boilers Market Revenue and Growth Rate Comparison by Geography (2016-2027)
1.2.6.2. North America Steam Boilers Market Revenue and Growth Rate(2016-2027)
1.2.6.3. Europe Steam Boilers Market Revenue and Growth Rate(2016-2027)
1.2.6.4. Asia-Pacific Steam Boilers Market Revenue and Growth Rate(2016-2027)
1.2.6.5. Latin America Steam Boilers Market Revenue and Growth Rate(2016-2027)
1.2.6.6. Middle East and Africa (MEA) Steam Boilers Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Steam Boilers Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Steam Boilers Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Steam Boilers Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Steam Boilers Major Manufacturers in 2019
CHAPTER 4. STEAM BOILERS MARKET BY CAPACITY
4.1. Global Steam Boilers Revenue By Capacity
4.2. <10 MMBtu/hr
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. 10-50 MMBtu/hr
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.4. 50-100 MMBtu/hr
4.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.5. 100-250 MMBtu/hr
4.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.6. >250 MMBtu/hr
4.6.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. STEAM BOILERS MARKET BY FUEL
5.1. Global Steam Boilers Revenue By Fuel
5.2. Natural Gas
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Oil
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.4. Coal
5.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. STEAM BOILERS MARKET BY TECHNOLOGY
6.1. Global Steam Boilers Revenue By Technology
6.2. Condensing
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. Non-Condensing
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 7. STEAM BOILERS MARKET BY END USE
7.1. Global Steam Boilers Revenue By End Use
7.2. Food processing
7.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
7.3. Pulp & Paper
7.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
7.4. Chemical
7.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
7.5. Refinery
7.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
7.6. Primary Metal
7.6.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.6.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
7.7. Other Manufacturing
7.7.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.7.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 8. NORTH AMERICA STEAM BOILERS MARKET BY COUNTRY
8.1. North America Steam Boilers Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. North America Steam Boilers Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. U.S.
8.3.1. U.S. Steam Boilers Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
8.3.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
8.4.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
CHAPTER 9. EUROPE STEAM BOILERS MARKET BY COUNTRY
9.1. Europe Steam Boilers Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Europe Steam Boilers Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.3.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.4.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.5.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.6.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.7.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
CHAPTER 10. ASIA-PACIFIC STEAM BOILERS MARKET BY COUNTRY
10.1. Asia-Pacific Steam Boilers Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Asia-Pacific Steam Boilers Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.3.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.4.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.5.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
10.6.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
10.6.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.6.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
10.7.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
10.7.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.7.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
10.8.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
10.8.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.8.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
CHAPTER 11. LATIN AMERICA STEAM BOILERS MARKET BY COUNTRY
11.1. Latin America Steam Boilers Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Latin America Steam Boilers Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
11.3.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
11.4.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
11.5.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA STEAM BOILERS MARKET BY COUNTRY
12.1. Middle East & Africa Steam Boilers Market Revenue and Growth Rate, 2016 - 2027 ($Million)
12.2. Middle East & Africa Steam Boilers Market Revenue Share Comparison, 2016 & 2027 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
12.3.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
12.3.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
12.3.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
12.4.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
12.4.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
12.4.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
12.5.2. Market Revenue and Forecast By Fuel, 2016 - 2027 ($Million)
12.5.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
12.5.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. Siemens AG
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Bharat Heavy Electricals Limited
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Fulton Boiler Works, Inc.
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. CMI Group
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Hurst Boiler and Welding Co, Inc.
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. IHI Corporation
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Clayton Industries
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. AMEC Foster Wheeler Ltd.
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Cleaver-Brooks, Inc.
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Others
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
