Asia-Pacific Industrial Boilers Market, By Tubing Methods (Carrier Fire Tube Boilers, Water Tube Boilers), Steam Pressure (High Pressure Boilers, Medium Pressure Boilers, Low Pressure Boilers), Steam Usage (Process Boilers, Utility Boilers, Marine Boilers), Furnace Position (Externally Fired Boilers, Internally Fired Boilers), Shell Axis (Horizontal Boilers, Vertical Boilers), Tubes in Boilers (Multi-Tube Boilers, Single Boilers), Water and Steam Circulation in Boilers (Forced Circulation Boilers, Natural Circulation Boilers), Fuel Type (Coal-Fired Boilers, Oil Fired Boilers, Gas Fired Boilers, Biomass Boilers, Others), Product Type (Condensing Hot Water Boiler, Integrated Condensing Hot Water Boiler, Integrated Condensing Steam Boiler, Split Condensing Steam Boiler, Electric Heated Steam Boiler, Electric Hot Water Boilers, Others), Boiler Horsepower (10-150 BHP, 151 -300 BHP, 301 - 600 BHP), Industry (Food Industry, Breweries, Laundries and Cleaning Firm, Construction, Pharmaceutical, Automotive, Pulp and Paper, Hospitals, Agriculture, Packaging, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
A rise in need of power generation has been witnessed throughout the globe owing to the rapid increase in the population. Industrial boilers are being highly utilizes in various sectors, such as metals and mining industry, chemical, refining, and food, among others.
Asia-Pacific Industrial Boilers Market was valued at USD 5617.75 million in 2021 and is expected to reach USD 10392.50 million by 2029, registering a CAGR of 6.70% during the forecast period of 2022-2029. Food Industry accounts for the largest end use sector segments in the respective market owing to the consumption of the bakery products and fast foods. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
An industrial boiler is a steam or high-temperature water kettle that uses combustible gas, biomass, oil, or coal as fuel. Modern boilers heat or cool the water within and distribute it to the customers via the line structures.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Tubing Methods (Carrier Fire Tube Boilers, Water Tube Boilers), Steam Pressure (High Pressure Boilers, Medium Pressure Boilers, Low Pressure Boilers), Steam Usage (Process Boilers, Utility Boilers, Marine Boilers), Furnace Position (Externally Fired Boilers, Internally Fired Boilers), Shell Axis (Horizontal Boilers, Vertical Boilers), Tubes in Boilers (Multi-Tube Boilers, Single Boilers), Water and Steam Circulation in Boilers (Forced Circulation Boilers, Natural Circulation Boilers), Fuel Type (Coal-Fired Boilers, Oil Fired Boilers, Gas Fired Boilers, Biomass Boilers, Others), Product Type (Condensing Hot Water Boiler, Integrated Condensing Hot Water Boiler, Integrated Condensing Steam Boiler, Split Condensing Steam Boiler, Electric Heated Steam Boiler, Electric Hot Water Boilers, Others), Boiler Horsepower (10-150 BHP, 151 -300 BHP, 301 - 600 BHP), Industry (Food Industry, Breweries, Laundries and Cleaning Firm, Construction, Pharmaceutical, Automotive, Pulp and Paper, Hospitals, Agriculture, Packaging, Others)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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Market Players Covered
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Babcock & Wilcox Enterprises, Inc. (US), John Wood Group PLC (UK), Bharat Heavy Electricals Limited (India), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems, Ltd. (Europe), Thermax Limited (India), ANDRITZ (Austria), Siemens (Germany), ALFA LAVAL (Sweden), General Electric Company (US), Hurst Boiler & Welding Co, Inc. (US), Bryan Steam (US), Superior Boiler Works, Inc. (US), Vapor Power (US), Sofinter S.p.a (Italy), Cleaver-Brooks, Inc (US) and ZOZEN boiler Co., Ltd. (China), among others
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Market Opportunities
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Asia-Pacific Industrial Boilers Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Technological advancements
The market will be stimulated by the robust growth of industrial facilities in line with state and federal government expansion programs.
- Stringent government regulations
Strict government rules aimed at reducing greenhouse gas emissions, as well as a growing focus on reducing fuel usage, will bolster the market.
- Rising adoption of efficient units
The chemical industry's increased acceptance of efficient units, owing to their safe operations, high efficiency, and low maintenance, will drive product adoption which will further influence the market growth.
Opportunities
Furthermore, growing adoption of new smart boiler technology in the plant operations and constant development by providers extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
Restraints/Challenges
On the other hand, increased initial investment is expected to obstruct market growth. Also, corrosion, inability to achieve required life, and other technological issues will require more research and investment in research and development efforts is projected to challenge the central vacuum cleaner market in the forecast period of 2022-2029.
This industrial boilers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on industrial boilers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Asia-Pacific Industrial Boilers Market
The COVID-19 had a negative impact on the industrial boilers market. The COVID-19 epidemic has caused a number of initiatives to be postponed, including infrastructure construction, reorganization, and renovation. Increased government attention on overcompensating for impacts by enhancing operations when opportunities occur would accelerate industry growth. Government actions to reopen major industries, manufacturing facilities, and infrastructure projects, on the other hand, will support corporate growth.
Asia-Pacific Industrial Boilers Market Scope and Market Size
The industrial boilers market is segmented on the basis of tubing methods, steam pressure, steam usage, furnace position, shell axis, tubes in boilers, water and steam circulation in boilers, fuel type, product type, boiler horsepower and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Tubing Methods
- Carrier Fire Tube Boilers
- Water Tube Boilers
Steam Pressure
- High Pressure Boilers
- Medium Pressure Boilers
- Low Pressure Boilers
Steam Usage
- Process Boilers
- Utility Boilers
- Marine Boilers
Furnace Position
- Externally Fired Boilers
- Internally Fired Boilers
Shell Axis
- Horizontal Boilers
- Vertical Boilers
Tubes in Boilers
- Multi-Tube Boilers
- Single Boilers
Water and Steam Circulation in Boilers
- Forced Circulation Boilers
- Natural Circulation Boilers
Fuel Type
- Coal-Fired Boilers
- Oil Fired Boilers
- Gas Fired Boilers
- Biomass Boilers
- Others
Product Type
- Condensing Hot Water Boiler
- Integrated Condensing Hot Water Boiler
- Integrated Condensing Steam Boiler
- Split Condensing Steam Boiler
- Electric Heated Steam Boiler
- Electric Hot Water Boilers
- Others
Boiler Horsepower
- 10-150 BHP
- 151 -300 BHP
- 301 - 600 BHP
Industry
- Food Industry
- Breweries
- Laundries and Cleaning Firm
- Construction
- Pharmaceutical
- Automotive
- Pulp and Paper
- Hospitals
- Agriculture
- Packaging
- Others
Asia-Pacific Industrial Boilers Market Regional Analysis/Insights
The Asia-Pacific Industrial Boilers Market is analysed and market size insights and trends are provided by country, tubing methods, steam pressure, steam usage, furnace position, shell axis, tubes in boilers, water and steam circulation in boilers, fuel type, product type, boiler horsepower and industry as referenced above.
The countries covered in China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Industrial Boilers Market
The industrial boilers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial boilers market.
Some of the major players operating in the industrial boilers market are
- Babcock & Wilcox Enterprises, Inc. (US)
- John Wood Group PLC (UK)
- Bharat Heavy Electricals Limited (India)
- IHI Corporation (Japan)
- Mitsubishi Hitachi Power Systems, Ltd. (Europe)
- Thermax Limited (India)
- ANDRITZ (Austria)
- Siemens (Germany)
- ALFA LAVAL (Sweden)
- General Electric Company (US)
- Hurst Boiler & Welding Co, Inc. (US)
- Bryan Steam (US)
- Superior Boiler Works, Inc. (US)
- Vapor Power (US)
- Sofinter S.p.a (Italy)
- Cleaver-Brooks, Inc (US)
- ZOZEN boiler Co., Ltd. (China)
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