DUBLIN--(BUSINESS WIRE)--Aug 21, 2018--The “Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The steam boiler system market is projected to reach USD 21.63 billion by 2023, from an estimated USD 17.66 billion in 2018, at a CAGR of 4.13%.
This growth can be attributed to the increase in industrialization and urbanization from the developing countries. Furthermore, capacity additions in conventional power generation to meet the rise in power demand is likely to drive the steam boiler system market. Focus on renewable energy sources for power generation could act as a restraint for this market.
The process industry is estimated to be the largest market during the forecast period. Asia Pacific is the fastest growing region for the process industry owing to the rise in disposable income and various initiatives led by the government to improve the food processing sector. These factors are likely to drive the steam boiler system market for the Asia Pacific region. For instance, the Government of India plans to improve the food processing sector by leveraging reforms such as 100% foreign direct investment (FDI) in the marketing of food products and various incentives at the central and state government levels along with a strong focus on the supply chain infrastructure.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Steam Boiler System Market, By Component
7 Steam Boiler Systems Market, By Type
8 Steam Boiler Systems Market, By Fuel
9 Steam Boiler System Market, By End-User
10 Steam Boiler System Market, By Region
11 Competitive Landscape
12 Company ProfilesBenchmarking Alfa Laval Bosch GE Thermax Byworth Boilers Cleaver-Brooks Cochran Doosan Heavy Industries & Construction Devotion Machineries Forbes Marshall Fulton Parker Boiler Rentech Boilers Thermodyne Engineering System Viessmann Zhengzhou Boiler (Group) Co., Ltd. Bhel Hurst Boilers AMEC Foster Wheeler Siemens Vapor Power International Mitsubishi
For more information about this report visit https://www.researchandmarkets.com/research/kh3mlw/steam_boiler?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180821005635/en/
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Related Topics:HVAC (Heating, Ventilation, and Air Conditioning),Heat Exchangers and Cooling Towers
INDUSTRY KEYWORD: MANUFACTURING ENGINEERING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/21/2018 02:51 PM/DISC: 08/21/2018 02:51 PM