Global Package Boilers Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 4.71% during forecast period.
Major driver of the Global Package Boilers Market is increasing demand for package boilers from the food & beverage industry. Demand for package boilers is growing significantly across various regions worldwide, because of benefits associated with the use of package boilers, like easy installation and low maintenance costs as compared to large industrial boilers. Furthermore, research & development activities are being carried to enhance the features of global package boilers.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Environmental Protection Agency is likely to encourage different sectors, particularly in the power generation division to check on production levels. Because of this, the power division in these regions is likely to take strict measures to preserve energy as well as reduce dangerous emissions. This is expected to enhance several ultra-mega power projects in different countries, which in turn, will propel the demand and requirement of the global package boilers market.
The need to develop the combustion efficiency of biomass utilizing new materials is also estimated to propel the growth opportunities for the global package boilers market in the coming future. The usage of the latest materials in biomass beds increases the effectiveness of the waste and decreases the expenditure of biomass boilers.
On the basis of the end-use industry, the food & beverage end-use industry segment is estimated to hold the largest market share during the forecast period. The food & beverage industry has become highly advanced, sophisticated, and technical because of strict air quality compliance and a rise in the production capacities of food & beverage units. Package tanks are primarily used to generate the steam required to carry out various processes in the food & beverage industry. Thus, the growing applicability of package boilers in the food & beverage industry has contributed to the growth of the global package boilers market
Based on the design segment, the D-type segment of the global package boilers market is expected to grow at the highest CAGR during the forecast period. D-type package boilers decrease the overall project cycle time and lower costs of steam generating equipment. These boilers are utilized in power plants, paper & pulp industry, manufacturing and processing facilities, petrochemical industry, hospitals, ethanol plants, and sawmills.
In terms of region, North America and Europe have dominated the global package boilers market and accounted for the major market share. Regulations imposed by the major environmental regulatory bodies like the US Environmental Protection Agency encourages various end-use industries, which is fuelling the demand for package boilers in these regions. The Asia Pacific is expected to witness a brisk market growth over the forecast period. Growing demand for package boilers from various end-use industries, rapid industrialization, continued economic growth and infrastructural developments in APAC are the factors expected to have a positive impact on the overall regional market. Countries like India, China, Brazil, Mexico, South Korea, and Japan are estimated to witness rapid growth over the forecast period.
This report also studies the global Package Boilers market competition landscape, openings and challenges, market drivers and trends, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global package boilers market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global package boilers market.
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Scope of the Global Package Boilers Market
Global Package Boilers Market, By Type
• Fire-Tube Package Boilers
• Water-Tube Package Boilers
• Electric Boilers
Global Package Boilers Market, By Fuel
• Solvent-Based Package Boilers
• Water-Based Package Boilers
• Hot-Melt-Based Package Boilers
Global Package Boilers Market, By Design
• D-Type Package Boilers
• A-Type Package Boilers
• O-Type Package Boiler
Global Package Boilers Market, By End-Use Industry
• Food & Beverage
• Oil & Gas
• Paper & Pulp
Global Package Boilers Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Package Boilers Market
• Cleaver-Brooks, Inc.
• Mitsubishi Hitachi Power Systems, Ltd.
• Babcock & Wilcox Enterprises, Inc.
• Amec Foster Wheeler PLC
• Thermax Limited
• Hurst Boiler & Welding Company, Inc.
• Johnston Boiler Company
• Calderas Powermaster
• IHI Corporation
• Forbes Marshall Private Limited
• York-Shipley Global
• Parker Boiler Company
• Microtech Boilers Private Limited
• John Thompson
• Aalborg Engineering A/S
• Rentec Boilers Systems
• Aerco International Inc.
• Kawasaki Thermal Engineering Co., Ltd.
• Williams & Davis Boilers
• Vapor Power International, LLC
• English Boiler and Tube, Inc.
• Mackenzie Industries
• Superior Boiler Works, Inc.
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