Steam Boiler Market Size 2020: Historical Analysis, Business Opportunities, Top Players and Forecast by 2023
Global Steam boiler market has been segmented based on type, component, fuel, end-user, and region.
(firmenpresse) - Steam Boiler Market Analysis
The global steam boiler market size is estimated to expand at 4.10% CAGR during the forecast period. Steam boiler is majorly used in process industries to deliver heat to industrial and chemical processes. Increasing investments in chemical, food & beverage, pharmaceutical, and other process industries would drive the growth of steam boiler market. Similarly, huge requirement of steam boilers for heating buildings and producing hot water supply would drive the steam boiler market. Steam boiler is a closed vessel used to create steam by applying heat energy to water. The fluid heated under pressure inside the steam boiler is then circulated out of the boiler for use in various applications such as power generation. The main purpose of steam boiler is to generate power in steam engines and steam turbines. It is also used for heating the buildings in cold weather and for producing hot water for hot water supply.
Get Free Sample Copy (at) https://www.marketresearchfuture.com/sample_request/6972
Industry Segmentation
The market for steam boiler market is segmented based on type as water-tube boiler and fire-tube boiler. Water-tube steam boiler segment dominates the market as these boilers provide higher efficiency and also produce high-temperature steam which is suitable for power utilities. Asia-Pacific is expected to hold the largest share for water-tube steam boiler which is mainly driven by investments in power generation sector that are being made in countries such as China, Japan, and India.
Regional Outlook
Region wise, Asia Pacific held the largest market share of the global steam boiler market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the growing demand for power and rising investment in setting new power generation plants. China is expected to lead the Asia Pacific steam boiler market during the forecast period and is projected to grow at the highest CAGR from 2018 to 2023. The Chinese and Indian markets are projected to be among the fastest-growing economies during the forecast period. These countries are estimated to account for nearly 70% of all the proposed thermal power capacity addition during the same period.
Access Full Report (at) https://www.marketresearchfuture.com/reports/steam-boiler-market-6972
Leading Players
The key players of the global Steam boiler market are GE (US), Bosch (Germany), Thermax (India), Cleaver-Brooks (US), Byworth Boilers (US), Doosan Heavy Industries & Construction (South Korea), Forbes Marshall (India), Fulton Boiler (US), Parker Boiler (US), Rentech Boilers (US), Thermodyne Engineering Systems (India).
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales(at)marketresearchfuture.com
Unternehmensinformation / Kurzprofil:
Datum: 07.05.2020 - 10:55 Uhr
Sprache: Deutsch
News-ID 611949
Anzahl Zeichen: 3427
contact information:
Contact person: Avni
Town:
Pune
Kategorie:
Energy & Utilities
Typ of Press Release: Financial
type of sending: send
Date of sending: 7/5/2020
Diese Pressemitteilung wurde bisher 196 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Steam Boiler Market Size 2020: Historical Analysis, Business Opportunities, Top Players and Forecast by 2023"
steht unter der journalistisch-redaktionellen Verantwortung von
Market Research Future (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
