DUBLIN--(BUSINESS WIRE)--Aug 27, 2018--The "Saudi Arabia Industrial Boilers Market (2018-2024): Market Forecast By Capacity, by End-User, by Region, Services and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Saudi Arabia Industrial Boilers market revenues are projected to grow at a CAGR of 5.0% during 2018-2024.

Industrial boilers market is anticipated to register moderate growth during 2018-24 on account of growing demand for refined petroleum products and rising steam demand in processing industries. Diversification of economy would further boost the market for industrial boilers in pharmaceutical, chemical, textile, plastic and cement industry. Growing tourism and hospitality sector in the country would be the key factors that would spur the market for industrial boilers in Saudi Arabia.

Low capacity industrial boilers ranging from 0.5-10 tonnes/hr are expected to grow rapidly in the country due to their widespread applications across hospitality and food & beverage industries. Additionally, growing investor confidence and rise in government spending for infrastructure development are likely to propel the need for steam, which is used for various industrial operations, thus driving the market for industrial boilers in Saudi Arabia.

The report thoroughly covers Saudi Arabia industrial boilers market by capacity, type, fuel, end user and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

The report provides a detailed analysis of the following market segments:

By Capacity

0.5-3 tonnes/hr 3.1-10 tonnes/hr 10.1-25 tonnes/hr Above 25 tonnes/hr

By Type

Fire-Tube Water-Tube

By Fuel

Oil Fired Gas Fired

By End-User

Downstream Processing Pulp & Paper Hospitality Others (mining, retail, primary metals, construction, ceramic, mills, wood processing etc.)

Companies Mentioned

Al Saghyir Boilers & Pressure Vessels Factory Ltd. Alfa Laval Middle East Ltd Amec Foster Wheeler plc Bosch Industriekessel GmbH Cleaver-Brooks, Inc. Cochran Ltd. Forbes Marshall Pvt. Ltd. Hurst Boiler & Welding Co, Inc. Rentech Boiler Systems Inc Thermax Limited

For more information about this report visit https://www.researchandmarkets.com/research/59sv8g/saudi_arabia?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180827005308/en/

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

KEYWORD: SAUDI ARABIA MIDDLE EAST

INDUSTRY KEYWORD: BUILDING SYSTEMS ENERGY OIL/GAS MANUFACTURING OTHER MANUFACTURING CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/27/2018 08:57 AM/DISC: 08/27/2018 08:57 AM

http://www.businesswire.com/news/home/20180827005308/en