A water tube boiler is a high-pressure boiler in which water circulates in tubes that are heated by fire or hot gases in the drum surrounding the tubes. The water tube boiler is opposite to a fire tube boiler where in the fuel is burned inside the furnace, creating hot gas which boils water in the steam-generating tubes. These boilers can be used in chemical, process, refining, paper manufacturing and pulp industries.
MARKET SCOPE
The "Global Water Tube Industrial Boiler Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Water Tube Industrial Boiler Market with detailed market segmentation by product type, by capacity, by fuel, by application and by geography. The Water Tube Industrial Boiler Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Water Tube Industrial Boiler Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Water Tube Industrial Boiler Market has been segmented by type, fuel, capacity and application. By type the market has been bifurcated into Babcock and Wilcox boiler, Stirling Boiler and Simple Vertical boiler. By fuel type the market has been bifurcated into coal, oil, gas and others. By capacity the market has been bifurcated into < 10 MMbtu/hr, 10-25 MMbtu/hr, 25-50 MMbtu/hr, 50-75 MMbtu/hr, 75-100 MMbtu/hr, 100-175 MMbtu/hr, 175-250 MMbtu/hr, > 250 MMbtu/hr. By Application the market has been bifurcated into hospital and healthcare, power and utilities, refineries, petrochemical, pulp and paper and food processing.
MARKET DYNAMICS
Growth Factors
- Rapid industrialization in developing economies
- Increasing demand for energy efficient boilers
- Technological advancements and replacements of conventional boilers
Restraints
- High installation cost
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 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Water Tube Industrial 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 Water Tube Industrial 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 Water Tube Industrial Boiler Market in these regions.
Impact of Covid-19 on Water Tube Industrial Boiler Market
The Covid-19 pandemic had a significant impact on the Water Tube Industrial Boiler Market. Rising covid-19 cases resulted in lockdown and restrictions which were imposed by governments. As a result of this several manufacturing sectors were brought to a stand still which negatively affected the water tube industrial boiler market, but on the other hand several critical sectors like the pharma sector, food processing sector were still in need of these boilers to run their daily operations. As a result, the water tube boiler market was not affected to a greater extent and with the declining covid-19 cases and ease in the restrictions other manufacturing sectors are starting to open which will further boost the water tube industrial boiler market.
MARKET PLAYERS
The report covers vital developments in the Water Tube Industrial 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 Water Tube Industrial Boiler Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Water Tube Industrial Boiler Market. Below mentioned is the list of a few companies engaged in the Water Tube Industrial Boiler Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Water Tube Industrial 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.
- Forbes Marshall
- Mitsubishi Hitachi Power Systems
- Thermax
- Bharat Heavy Electricals Limited
- Babcock and Wilcox
- Doosan
- Fulton
- AMEC Foster Wheeler
- Siemens
- Hurst Boiler