Gas Fired Boiler Market Opportunities 2031
The Gas Fired Boiler Market is expected to register a CAGR of 6.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The research on the Gas Fired Boiler Market conducts an in-depth analysis of the current status of this vital industry, while highlighting areas for further growth. Key drivers explored in the report include increasing demand for heating with efficiency, strict environmental regulations, and a shift toward clean sources of energy.
They are segmented into end user, such as residential, commercial, and industrial gas-fired boilers, and by fuel type-natural gas, propane, and biogas, and by capacity.The segmentation would also provide details on particular market dynamics and consumer preferences of different applications.
The report Gas Fired Boiler Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Gas Fired Boiler Market Segmentation
fuel type- LPG
- CNG
- Biogas
- LNG
- less than 10 Mmbtu/hr
- 50-100Mmbtu/hr
- more than 100 Mmbtu/hr
- Vertical
- Horizontal
Strategic Insights
Gas Fired Boiler Market Growth Drivers- Demand for energy efficiency: The demand in the gas-fired boiler market is basically attributed to energy efficiency. As the EIA says, heating accounts for roughly one-third of energy used in both residential and commercial establishments, hence the reason why gas-fired boilers are becoming increasingly adopted, further improving gas-fired boilers market share. This is because of their higher efficiency rating when compared to traditional oil or electric boilers. Indeed, it is intriguing to see the potential of gas-fired systems, with energy costs escalating, to achieve efficiencies in excess of 90%. This trend toward efficiency is not only prompted by trying to save money but also by carbon emissions and their correspondence with wider environmental goals. Innovation within burner technology, coupled with control systems and heat exchangers, leads to improvements in performance and reliability. In fact, current gas-fired boilers are being designed to accommodate smart technologies that enable remote monitoring and operation of the devices, thus meeting increased efficiency and convenience needs on the part of users.
- Government Support for Renewable Alternatives: The decarbonization trend is forcing many industries to shift away from coal and oil to other means, hence boosting the gas-fired boiler market size.
- efforts to reduce greenhouse emissions: The fact that businesses and governments worldwide increasingly continue to promise to cut greenhouse gas emissions, natural gas is generally perceived as a 'transition' fuel that could bridge the gap between conventional energy sources and renewable alternatives. The World Bank identifies a transition to natural gas as one that can vastly reduce carbon emissions associated with power generation, thereby increasing the appeal of gas-fired solutions in many sectors.
- Ongoing regulatory transformation: The gas-fired boiler market is currently undergoing major transformation, driven by a host of trends symbolic of technological advancement, changing consumer needs, and changes in regulatory frameworks. Striving for further efficiency and performance is one of the most persistent trends. Modern gas-fired boilers achieve efficiencies above 95% owing to advanced combustion technologies and heat recovery systems. This heightened efficiency not only reduces energy consumption but also helps lower operational costs, therefore being attractive to residential and commercial users. As energy prices are increasing, demand for high-efficiency models is bound to keep increasing.
- Integration of smart technology: Modern systems are intelligently controlled, and already today, users can operate the heating remotely by using mobile apps or web interfaces. Such connectivity allows for much easier energy management, predictive maintenance, and a high degree of user convenience. However, it is expected that as the use of smart homes continues to develop, demands for gas-fired boilers that seamlessly fit into such smart systems are going to increase in time, creating the potential for more users to take more control over their energy usage.
- Sustainable heating solutions: Considering the urgent need for decarbonization, many industries are shifting toward natural gas because it is cleaner than coal and oil. Gas-fired boilers have been regarded as transitional technologies inasmuch as they provide ways of reducing greenhouse gas emissions while still based on conventional sources of energy.Most of the regions are encouraging the installation of high-efficiency gas-fired boilers through different kinds of incentives, tax credits, and rebates. Such regulatory support not only encourages investment in cleaner technologies but meets global goals of sustainability for gas-fired boilers and makes them more viable for both consumers and businesses alike.
- Address energy cost: The market for gas-fired boilers presents various opportunities that are harnessed from changes in technology, changes in consumer preference, and favorable regulatory environments. One of the numerous opportunities is in the development of high-efficiency models. With energy costs continuing to rise, there has been increasing interest among residential and commercial users in boilers that can provide optimal performance service at reduced operational costs. With this, the development of manufacturing companies has to present gas-fired boilers with efficiency ratings over 90% and appeal to more energy-conscious customers with reduced utility bills and a carbon footprint.
- Profitable Smart Home Solutions: Intelligent technology installed in gas-fired boiler systems could also be another segment showing growth. Smart home solutions have been in high demand during the last couple of years, and heating systems fitted with IoT can give further control and convenience to the users. These are just some of the enhanced user experiences that should be further enabled through proactive energy management. These will include remote monitoring, real-time performance analytics, and predictive maintenance alerts. Companies investing in these types of smart technologies will enjoy competitive differentiation in the market and be more attractive to those consumers valuing a high level of convenience and efficiency.
- Hybrid heating systems: combining gas-fired boilers with renewable energy sources such as solar thermal systems or heat pumps. As consumers and businesses alike aim for sustainability, the hybrid system shall appeal to those who look toward optimizing energy with regard to availability and cost. This flexibility can especially be welcomed in areas with fluctuating energy prices. Here, manufacturers will again have an opportunity to further develop and market integrated systems as leaders in the transition toward more sustainable heating solutions.
- Emergent markets: With rapid urbanization and industrialization, emergent regions like Asia-Pacific and Africa are developing higher demands for effective heating solutions. With the growth of the middle class in these areas, the demand is further growing for reliable sources of energy. The companies that enter such markets at the right time can offer solutions which would be more relevant to the local economy and, therefore, enjoy nearly undisputed strength in such areas where conventional ways of heating might still prevail.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Gas Fired Boiler Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Gas Fired Boiler Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The market is expected to register a CAGR of 6.7% during 2023–2031
The gas-fired boiler market is driven by a confluence of factors including the demand for energy efficiency, regulatory support for cleaner technologies, advancements in boiler technology, and growing construction activity.
The gas-fired boiler market is shaped by trends that emphasize efficiency, technology integration, regulatory support, and sustainability. As the demand for cleaner and more efficient heating solutions continues to grow, gas-fired boilers are well-positioned to adapt to these changing dynamics, ensuring their relevance in the evolving energy landscape.
Leading player in this market are - Babcock & Wilcox, Fulton Boiler Works, Forbes Marshall, Thermax, General Electric, Hurst Boiler and Welding, Alfa Laval AB, Thermodyne Engineering Systems, Thyssenkrupp AG, Bosch Industriekessel Gmbh, Bradford White Corporation
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Gas Fired Boiler Market - By Fuel Type
1.3.2Gas Fired Boiler Market - By Capacity
1.3.3Gas Fired Boiler Market - By Type
1.3.4Gas Fired Boiler Market - By End User
1.3.5Gas Fired Boiler Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.GAS FIRED BOILER MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.GAS FIRED BOILER MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.GAS FIRED BOILER MARKET - GLOBAL MARKET ANALYSIS
6.1.GAS FIRED BOILER - GLOBAL MARKET OVERVIEW
6.2.GAS FIRED BOILER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.GAS FIRED BOILER MARKET - REVENUE AND FORECASTS TO 2028 " FUEL TYPE
7.1.OVERVIEW
7.2.FUEL TYPE MARKET FORECASTS AND ANALYSIS
7.3.LPG
7.3.1.Overview
7.3.2.LPG Market Forecast and Analysis
7.4.CNG
7.4.1.Overview
7.4.2.CNG Market Forecast and Analysis
7.5.BIOGAS
7.5.1.Overview
7.5.2.Biogas Market Forecast and Analysis
7.6.LNG
7.6.1.Overview
7.6.2.LNG Market Forecast and Analysis
8.GAS FIRED BOILER MARKET - REVENUE AND FORECASTS TO 2028 " CAPACITY
8.1.OVERVIEW
8.2.CAPACITY MARKET FORECASTS AND ANALYSIS
8.3.LESS THAN 10 MMBTU/HR
8.3.1.Overview
8.3.2.Less than 10 Mmbtu/hr Market Forecast and Analysis
8.4.10-50 MMBTU/HR
8.4.1.Overview
8.4.2.10-50 Mmbtu/hr Market Forecast and Analysis
8.5.50-100 MMBTU/HR
8.5.1.Overview
8.5.2.50-100 Mmbtu/hr Market Forecast and Analysis
8.6.MORE THAN 100 MMBTU/HR
8.6.1.Overview
8.6.2.More than 100 Mmbtu/hr Market Forecast and Analysis
9.GAS FIRED BOILER MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
9.1.OVERVIEW
9.2.TYPE MARKET FORECASTS AND ANALYSIS
9.3.VERTICAL
9.3.1.Overview
9.3.2.Vertical Market Forecast and Analysis
9.4.HORIZONTAL
9.4.1.Overview
9.4.2.Horizontal Market Forecast and Analysis
10.GAS FIRED BOILER MARKET - REVENUE AND FORECASTS TO 2028 " END USER
10.1.OVERVIEW
10.2.END USER MARKET FORECASTS AND ANALYSIS
10.3.RESIDENTIAL
10.3.1.Overview
10.3.2.Residential Market Forecast and Analysis
10.4.COMMERCIAL
10.4.1.Overview
10.4.2.Commercial Market Forecast and Analysis
10.5.INDUSTRIAL
10.5.1.Overview
10.5.2.Industrial Market Forecast and Analysis
11.GAS FIRED BOILER MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Gas Fired Boiler Market Overview
11.1.2North America Gas Fired Boiler Market Forecasts and Analysis
11.1.3North America Gas Fired Boiler Market Forecasts and Analysis - By Fuel Type
11.1.4North America Gas Fired Boiler Market Forecasts and Analysis - By Capacity
11.1.5North America Gas Fired Boiler Market Forecasts and Analysis - By Type
11.1.6North America Gas Fired Boiler Market Forecasts and Analysis - By End User
11.1.7North America Gas Fired Boiler Market Forecasts and Analysis - By Countries
11.1.7.1United States Gas Fired Boiler Market
11.1.7.1.1United States Gas Fired Boiler Market by Fuel Type
11.1.7.1.2United States Gas Fired Boiler Market by Capacity
11.1.7.1.3United States Gas Fired Boiler Market by Type
11.1.7.1.4United States Gas Fired Boiler Market by End User
11.1.7.2Canada Gas Fired Boiler Market
11.1.7.2.1Canada Gas Fired Boiler Market by Fuel Type
11.1.7.2.2Canada Gas Fired Boiler Market by Capacity
11.1.7.2.3Canada Gas Fired Boiler Market by Type
11.1.7.2.4Canada Gas Fired Boiler Market by End User
11.1.7.3Mexico Gas Fired Boiler Market
11.1.7.3.1Mexico Gas Fired Boiler Market by Fuel Type
11.1.7.3.2Mexico Gas Fired Boiler Market by Capacity
11.1.7.3.3Mexico Gas Fired Boiler Market by Type
11.1.7.3.4Mexico Gas Fired Boiler Market by End User
11.2.EUROPE
11.2.1Europe Gas Fired Boiler Market Overview
11.2.2Europe Gas Fired Boiler Market Forecasts and Analysis
11.2.3Europe Gas Fired Boiler Market Forecasts and Analysis - By Fuel Type
11.2.4Europe Gas Fired Boiler Market Forecasts and Analysis - By Capacity
11.2.5Europe Gas Fired Boiler Market Forecasts and Analysis - By Type
11.2.6Europe Gas Fired Boiler Market Forecasts and Analysis - By End User
11.2.7Europe Gas Fired Boiler Market Forecasts and Analysis - By Countries
11.2.7.1Germany Gas Fired Boiler Market
11.2.7.1.1Germany Gas Fired Boiler Market by Fuel Type
11.2.7.1.2Germany Gas Fired Boiler Market by Capacity
11.2.7.1.3Germany Gas Fired Boiler Market by Type
11.2.7.1.4Germany Gas Fired Boiler Market by End User
11.2.7.2France Gas Fired Boiler Market
11.2.7.2.1France Gas Fired Boiler Market by Fuel Type
11.2.7.2.2France Gas Fired Boiler Market by Capacity
11.2.7.2.3France Gas Fired Boiler Market by Type
11.2.7.2.4France Gas Fired Boiler Market by End User
11.2.7.3Italy Gas Fired Boiler Market
11.2.7.3.1Italy Gas Fired Boiler Market by Fuel Type
11.2.7.3.2Italy Gas Fired Boiler Market by Capacity
11.2.7.3.3Italy Gas Fired Boiler Market by Type
11.2.7.3.4Italy Gas Fired Boiler Market by End User
11.2.7.4Spain Gas Fired Boiler Market
11.2.7.4.1Spain Gas Fired Boiler Market by Fuel Type
11.2.7.4.2Spain Gas Fired Boiler Market by Capacity
11.2.7.4.3Spain Gas Fired Boiler Market by Type
11.2.7.4.4Spain Gas Fired Boiler Market by End User
11.2.7.5United Kingdom Gas Fired Boiler Market
11.2.7.5.1United Kingdom Gas Fired Boiler Market by Fuel Type
11.2.7.5.2United Kingdom Gas Fired Boiler Market by Capacity
11.2.7.5.3United Kingdom Gas Fired Boiler Market by Type
11.2.7.5.4United Kingdom Gas Fired Boiler Market by End User
11.2.7.6Russia Gas Fired Boiler Market
11.2.7.6.1Russia Gas Fired Boiler Market by Fuel Type
11.2.7.6.2Russia Gas Fired Boiler Market by Capacity
11.2.7.6.3Russia Gas Fired Boiler Market by Type
11.2.7.6.4Russia Gas Fired Boiler Market by End User
11.2.7.7Rest of Europe Gas Fired Boiler Market
11.2.7.7.1Rest of Europe Gas Fired Boiler Market by Fuel Type
11.2.7.7.2Rest of Europe Gas Fired Boiler Market by Capacity
11.2.7.7.3Rest of Europe Gas Fired Boiler Market by Type
11.2.7.7.4Rest of Europe Gas Fired Boiler Market by End User
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Gas Fired Boiler Market Overview
11.3.2Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis
11.3.3Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis - By Fuel Type
11.3.4Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis - By Capacity
11.3.5Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis - By Type
11.3.6Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis - By End User
11.3.7Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis - By Countries
11.3.7.1Australia Gas Fired Boiler Market
11.3.7.1.1Australia Gas Fired Boiler Market by Fuel Type
11.3.7.1.2Australia Gas Fired Boiler Market by Capacity
11.3.7.1.3Australia Gas Fired Boiler Market by Type
11.3.7.1.4Australia Gas Fired Boiler Market by End User
11.3.7.2China Gas Fired Boiler Market
11.3.7.2.1China Gas Fired Boiler Market by Fuel Type
11.3.7.2.2China Gas Fired Boiler Market by Capacity
11.3.7.2.3China Gas Fired Boiler Market by Type
11.3.7.2.4China Gas Fired Boiler Market by End User
11.3.7.3India Gas Fired Boiler Market
11.3.7.3.1India Gas Fired Boiler Market by Fuel Type
11.3.7.3.2India Gas Fired Boiler Market by Capacity
11.3.7.3.3India Gas Fired Boiler Market by Type
11.3.7.3.4India Gas Fired Boiler Market by End User
11.3.7.4Japan Gas Fired Boiler Market
11.3.7.4.1Japan Gas Fired Boiler Market by Fuel Type
11.3.7.4.2Japan Gas Fired Boiler Market by Capacity
11.3.7.4.3Japan Gas Fired Boiler Market by Type
11.3.7.4.4Japan Gas Fired Boiler Market by End User
11.3.7.5South Korea Gas Fired Boiler Market
11.3.7.5.1South Korea Gas Fired Boiler Market by Fuel Type
11.3.7.5.2South Korea Gas Fired Boiler Market by Capacity
11.3.7.5.3South Korea Gas Fired Boiler Market by Type
11.3.7.5.4South Korea Gas Fired Boiler Market by End User
11.3.7.6Rest of Asia-Pacific Gas Fired Boiler Market
11.3.7.6.1Rest of Asia-Pacific Gas Fired Boiler Market by Fuel Type
11.3.7.6.2Rest of Asia-Pacific Gas Fired Boiler Market by Capacity
11.3.7.6.3Rest of Asia-Pacific Gas Fired Boiler Market by Type
11.3.7.6.4Rest of Asia-Pacific Gas Fired Boiler Market by End User
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Gas Fired Boiler Market Overview
11.4.2Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis
11.4.3Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis - By Fuel Type
11.4.4Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis - By Capacity
11.4.5Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis - By Type
11.4.6Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis - By End User
11.4.7Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Gas Fired Boiler Market
11.4.7.1.1South Africa Gas Fired Boiler Market by Fuel Type
11.4.7.1.2South Africa Gas Fired Boiler Market by Capacity
11.4.7.1.3South Africa Gas Fired Boiler Market by Type
11.4.7.1.4South Africa Gas Fired Boiler Market by End User
11.4.7.2Saudi Arabia Gas Fired Boiler Market
11.4.7.2.1Saudi Arabia Gas Fired Boiler Market by Fuel Type
11.4.7.2.2Saudi Arabia Gas Fired Boiler Market by Capacity
11.4.7.2.3Saudi Arabia Gas Fired Boiler Market by Type
11.4.7.2.4Saudi Arabia Gas Fired Boiler Market by End User
11.4.7.3U.A.E Gas Fired Boiler Market
11.4.7.3.1U.A.E Gas Fired Boiler Market by Fuel Type
11.4.7.3.2U.A.E Gas Fired Boiler Market by Capacity
11.4.7.3.3U.A.E Gas Fired Boiler Market by Type
11.4.7.3.4U.A.E Gas Fired Boiler Market by End User
11.4.7.4Rest of Middle East and Africa Gas Fired Boiler Market
11.4.7.4.1Rest of Middle East and Africa Gas Fired Boiler Market by Fuel Type
11.4.7.4.2Rest of Middle East and Africa Gas Fired Boiler Market by Capacity
11.4.7.4.3Rest of Middle East and Africa Gas Fired Boiler Market by Type
11.4.7.4.4Rest of Middle East and Africa Gas Fired Boiler Market by End User
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Gas Fired Boiler Market Overview
11.5.2South and Central America Gas Fired Boiler Market Forecasts and Analysis
11.5.3South and Central America Gas Fired Boiler Market Forecasts and Analysis - By Fuel Type
11.5.4South and Central America Gas Fired Boiler Market Forecasts and Analysis - By Capacity
11.5.5South and Central America Gas Fired Boiler Market Forecasts and Analysis - By Type
11.5.6South and Central America Gas Fired Boiler Market Forecasts and Analysis - By End User
11.5.7South and Central America Gas Fired Boiler Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Gas Fired Boiler Market
11.5.7.1.1Brazil Gas Fired Boiler Market by Fuel Type
11.5.7.1.2Brazil Gas Fired Boiler Market by Capacity
11.5.7.1.3Brazil Gas Fired Boiler Market by Type
11.5.7.1.4Brazil Gas Fired Boiler Market by End User
11.5.7.2Argentina Gas Fired Boiler Market
11.5.7.2.1Argentina Gas Fired Boiler Market by Fuel Type
11.5.7.2.2Argentina Gas Fired Boiler Market by Capacity
11.5.7.2.3Argentina Gas Fired Boiler Market by Type
11.5.7.2.4Argentina Gas Fired Boiler Market by End User
11.5.7.3Rest of South and Central America Gas Fired Boiler Market
11.5.7.3.1Rest of South and Central America Gas Fired Boiler Market by Fuel Type
11.5.7.3.2Rest of South and Central America Gas Fired Boiler Market by Capacity
11.5.7.3.3Rest of South and Central America Gas Fired Boiler Market by Type
11.5.7.3.4Rest of South and Central America Gas Fired Boiler Market by End User
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.GAS FIRED BOILER MARKET, KEY COMPANY PROFILES
13.1.BABCOCK AND WILCOX
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.FULTON BOILER WORKS
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.FORBES MARSHALL
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.THERMAX
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.GENERAL ELECTRIC
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.HURST BOILER AND WELDING
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.ALFA LAVAL AB
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.THERMODYNE ENGINEERING SYSTEMS
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.THYSSENKRUPP AG
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.BOSCH INDUSTRIEKESSEL GMBH
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
13.11.BRADFORD WHITE CORPORATION
13.11.1.Key Facts
13.11.2.Business Description
13.11.3.Products and Services
13.11.4.Financial Overview
13.11.5.SWOT Analysis
13.11.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1.Babcock and Wilcox
2.Fulton Boiler Works
3.Forbes Marshall
4.Thermax
5.General Electric
6.Hurst Boiler and Welding
7.Alfa Laval AB
8.Thermodyne Engineering Systems
9.Thyssenkrupp AG
10.Bosch Industriekessel Gmbh
11.Bradford White Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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