The increasing demand for electricity for heating and cooling is propelling growth for the steam boilers market says Fortune Business insights in a report titled “Steam Boiler“ Market Size, Share and Global Trend By Type (Water Tube Boiler, Fire Tube Boiler), By Fuel (Coal-fired Steam Boiler, Gas-fired Steam Boiler, Electric Steam Boiler, Oil-fired Steam Boiler), By Pressure (Low-Pressure Boiler, Medium-Pressure Boiler, High-Pressure Boiler), By End-User Industry (Power Generation, Process Industry, Oil and Gas, Pharmaceutical, Metals) and Geography Forecast till 2026. Rising offshore and onshore exploration activities are supporting the growth of steam boilers market.
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Key Market Driver – Flexibility and Reliability
Key Market Restraint – Alternate Source of Energy and Alarming pollution level
Top Players Overview:
- Alfa Laval
- Forbes Marshall
- Thermax Limited
- Babcock & Wilcox
- Clayton Industries
- Mitsubishi Hitachi Power Systems
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1. By Type
- Water Tube Boiler
- Fire Tube Boiler
2. By Fuel
- Coal-fired Steam Boiler
- Gas-fired Steam Boiler
- Electric Steam Boiler
- Oil-fired Steam Boiler
3. By Pressure
- Low-Pressure Boiler (15-20bar)
- Medium-Pressure Boiler (20-80bar)
- High-Pressure Boiler (More than 80bar)
4. By End User Industry
- Power Generation
- Process Industry
- Oil and Gas
5. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
Key Industry Developments
- In January 2019, Hurst Boiler started manufacturing engineered packaged watertube boilers to meet all commercial and industrial applications ranging from 17,250 to 103,500lbs/hr.
- In July 2018, Bharat Heavy Electricals Limited (BHEL) selected GE Power’s Steam Power Business for twin boiler equipment order at a combined order value D72.4 million.
- In February 2019, Thyssenkrupp made an agreement with Babcock & Wilcox Volund for a biomass boiler technology for India and neighbouring countries that could help to reduce pollution.
The increased spending on oil and gas across the world is another factor likely to drive the Steam Boiler Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Steam Boiler Market.
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Major Table of Content For Steam Boiler Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Steam Boiler Market Analysis, Insights and Forecast, 2026
- North America Steam Boiler Market Analysis, Insights and Forecast, 2026
- Europe Steam Boiler Market Analysis, Insights and Forecast, 2026
- Asia Pacific Steam Boiler Market Analysis, Insights and Forecast, 2026
- Middle East and Africa Steam Boiler Market Analysis, Insights and Forecast, 2026
- Latin America Steam Boiler Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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