Steam Boiler Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A steam boiler is a steam producing heating system. It creates energy by heating water to get steam. It is a heat exchanger that makes steam for outside usage and has a combustion chamber and water container. The several varieties of steam boilers include those that are very small and those that are large for more demanding jobs. A steam boiler burns fuel to heat water. The combination of heat and water produces steam. There are three forms of heat used to generate steam: radiation, convection, and conduction.

MARKET DYNAMICS

The factors such as growing industrialization and the increasing use of electrical appliances and machinery along with the growing economic activities are rising the demand for electricity. Thus, boosting the steam boiler system market. Moreover, an increase in power plant capacity addition owing to the construction of new power plants and in the refurbishment of existing ones across the world is expected to escalate the global market. Furthermore, factors such as urban population, supportive industrial growth policies, low-cost raw materials, ease of availability, and cheap labor cost have positively anticipated to propel the global steam boiler system market.

MARKET SCOPE

The ˜Global Steam Boiler Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the steam boiler market with detailed market segmentation by type, fuel and end-user. The global steam boiler market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading steam boiler market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

1. By Type: The global market is divided into Water tube boiler and Fire tube boiler.
2. By Fuel: The global market is divided into Oil-fired Steam Boiler, Coal-fired Steam Boiler, Gas-fired Steam Boiler, Electric Steam Boiler, and Others.
3. By End-Users: The global market is segmented into Oil and Gas, Chemical, Power Generation, and Others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The steam boiler market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the steam boiler market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the steam boiler market in these regions.
IMPACT OF COVID 19
The spread of COVID-19 has negatively impacted the global steam boilers market owing to the lockdowns imposed in the majority of the countries across the globe since December 2019. Industrial boilers are closed vessels in which fluid is heated. Steam boilers are used to generate steam for use in different applications such as power generation, agricultural soil steaming, and others. Rapid industrialization, coupled with increasing investments toward the expansion of manufacturing facilities, is expected to drive the global steam boilers market. The demand for industrial boilers is anticipated to bounce back in the coming months and grow significantly in the long term.

MARKET PLAYERS

The report covers vital developments in the steam boiler market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the steam boiler market are anticipated to have lucrative growth opportunities in the future with the rising demand for steam boiler in the global market. Below mentioned is the list of a few companies engaged in the steam boiler market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the steam boiler market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•   ALFA LAVAL AB
  
•   Babcock and Wilcox Enterprises, Inc.
  
•   Forbes Marshall
  
•   GENERAL ELECTRIC
  
•   Hurst Boiler and Welding Co, Inc.
  
•   IHI Corporation
  
•   MITSUBISHI HEAVY INDUSTRIES, LTD.
  
•   THERMAX LIMITED
  
•   Thyssenkrupp AG
  
•   Viessmann Limited
  
  

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Steam Boiler Report Scope