AP NEWS

Global Steam Boiler System Market Outlook 2017-2026; Driven by Rising Electricity Demand, Growing Government Initiatives and Increasing Demand for Energy - ResearchAndMarkets.com

January 18, 2019

DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “Steam Boiler System - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.

According to this report, the Global Steam Boiler System market accounted for $17.12 billion in 2017 and is expected to reach $26.59 billion by 2026 growing at a CAGR of 5% during the forecast period.

Some of the key factors such as rising electricity demand, growing government initiatives and increasing demand for energy are driving the market growth. However, higher costs of installation and maintenance of these systems are hindering the market growth.

Based on Type, water-tube boiler segment held significant market share during the forecast period due to its higher efficiency and wide usage in large power plants.

By geography, Asia Pacific acquired the largest market share owing to growing investments in power and demand for energy in developing countries, such as China and India over the forecast period.

Types Covered:

Super Heater Fire-Tube Boiler Water-Tube Boiler

Components Covered:

Economizer Air Preheater Boiler Feed Pump Superheater

Fuels Covered:

Gas-Fired Steam Boiler Biomass-Fired Steam Boiler Coal-Fired Steam Boiler Oil-Fired Steam Boiler Electric Steam Boiler

End Users Covered:

Chemical Primary Metal Thermal Power Plants Food Refineries Process Industry Pharmaceutical & Healthcare Other End Users

Applications Covered:

Steam Engines (Locomotives) Cement Production Generators Agriculture Other Applications

Companies Profiled:

Bosch AMEC Foster Wheeler Siemens Mitsubishi Zhengzhou Boiler (Group) Co. Ltd. Fulton Boiler Works Inc. Larsen and Toubro Limited Thermodyne Engineering System Forbes Marshall Aalborg Engineering Doosan Group GE Cleaver-Brooks Hurst Boiler & Welding Company Inc. Alfa Laval Viessmann Vapor Power International Rentech Boiler

For more information about this report visit https://www.researchandmarkets.com/research/f47pkr/global_steam?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005145/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:HVAC (Heating, Ventilation, and Air Conditioning),Heat Exchangers and Cooling Towers

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/18/2019 05:45 AM/DISC: 01/18/2019 05:45 AM

http://www.businesswire.com/news/home/20190118005145/en

AP RADIO
Update hourly