The global package boilers market is anticipated to attain a value of around USD 16.42 billion by 2025, registering a CAGR of around 8.5% during the forecast period.
Global Package Boilers Market: Overview
Over the last several decades, the global package boilers market has observed several changes on the basis of type, technology, and fuel sources. Previously, boilers were only competent of burning wood and coal. As technology is advancing, new boilers developed that are capable of burning biomass, natural gas, sewage sludge, biogas, solid waste, wet wood, as well as other fossil fuels. Technological developments had a massive impact on the effectiveness, efficiency, capacity, and expenditure of the package boilers.
Global package boilers market was valued at USD 9.73 billion in 2019 and is likely to reach USD 13.42 billion by 2026 with a CAGR of 4.69%.
Global Package Boilers Market: Growth Factors
The growth of ultra-mega power projects in developing economies is expected to propel the expansion of the global industrial boiler market in the coming years. Policies and laws imposed by the significant environmental authoritarian bodies, for instance, the U.S., Environmental Protection Agency is likely to encourage different sectors, particularly in the power generation division to check on production levels. Due to which, 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 expected to propel the growth opportunities for the global package boilers market in the coming future. The usage of latest materials in biomass beds increases the effectiveness of the waste and decreases the expenditure of biomass boilers.
Global Package Boilers Market: Segmentation
The global package boilers market is divided based on the type, design, fuel, end-user industry, and region. The global package boilers market, in terms of design, is categorized into D, A, and O-type package boilers. The global package boilers market, in terms of type, is classified into electric boilers, water-tube package boilers, fire-tube package boilers, and others. The global package boilers market, in terms of fuel, is divided into biomass, gas, oil, and others. The global package boilers market, in terms of end-user industry, is fragmented into paper & pulp, chemical, oil & gas, food & beverage, and others.
Global Package Boilers Market: Regional Analysis
In terms of region, Asia Pacific is likely to be the major contributor to the global package boilers market in the coming future. Many companies in the Americas and Europe are likely to outsource their production activities to the Asia Pacific. The region is projected to witness quick urbanization and industrialization in the years to come, particularly in countries such as India, China, South Korea, Australia, Singapore, Taiwan, and Japan. All these factors are expected to propel the development prospects for the global package boilers market in the coming future.
Global Package Boilers Market: Competitive Players
Some of the most important market players in the global package boilers market are Parker Boiler Company, Miura, Babcock & Wilcox Enterprises, Williams & Davis Boilers, IHI Corporation, English Boiler and Tube, Rentec Boilers Systems, Johnston Boiler Company, York-Shipley Global, Kawasaki Thermal Engineering, Aerco International, Microtech Boilers Private Limited, Fulton, Forbes Marshall Private Limited, Hurst Boiler & Welding Company, Amec Foster Wheeler Plc., John Thompson, Aalborg Engineering A/S, Cleaver-Brooks, Mackenzie Industries, Mitsubishi Hitachi Power Systems, Superior Boiler Works, Thermax Limited, Calderas Powermaster, and Vapor Power International, among others.
Global Package Boilers Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Package Boilers Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Package Boilers Market
FIG. 6 Global Package Boilers Market Attractiveness, By Type
FIG. 7 Global Package Boilers Market Attractiveness, By Design
FIG. 8 Global Package Boilers Market Attractiveness, By Fuel
FIG. 9 Global Package Boilers Market Attractiveness, By End-User Industry
FIG. 10 Global Package Boilers Market Attractiveness, By End-User
FIG. 11 Company Share Analysis, 2019
FIG. 12 Global Package Boilers Market Revenue Share, by Type, 2019 & 2026
FIG. 13 Global Package Boilers Market for Electric Boilers, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Package Boilers Market for Water-Tube Package Boilers, Revenue (USD Million) 2016 - 2026
FIG. 15 Global Package Boilers Market for Fire-Tube Package Boilers, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Package Boilers Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Package Boilers Market Revenue Share, by Design , 2019 & 2026
FIG. 18 Global Package Boilers Market for D, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Package Boilers Market for A, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Package Boilers Market for O-type, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Package Boilers Market Revenue Share, by Fuel , 2019 & 2026
FIG. 22 Global Package Boilers Market for Biomass, Revenue (USD Million) 2016 - 2026
FIG. 23 Global Package Boilers Market for Gas, Revenue (USD Million) 2016 - 2026
FIG. 24 Global Package Boilers Market for Oil, Revenue (USD Million) 2016 - 2026
FIG. 25 Global Package Boilers Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 26 Global Package Boilers Market Revenue Share, by End-User Industry, 2019 & 2026
FIG. 27 Global Package Boilers Market for Paper & Pulp, Revenue (USD Million) 2016 - 2026
FIG. 28 Global Package Boilers Market for Chemical, Revenue (USD Million) 2016 - 2026
FIG. 29 Global Package Boilers Market for Oil & Gas, Revenue (USD Million) 2016 - 2026
FIG. 30 Global Package Boilers Market for Food & Beverage, Revenue (USD Million) 2016 - 2026
FIG. 31 Global Package Boilers Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 32 Global Package Boilers Market Revenue Share, by Region, 2019 & 2026
FIG. 33 North America Package Boilers Market Revenue, 2016 - 2026 (USD Million)
FIG. 34 Europe Package Boilers Market Revenue, 2016 - 2026 (USD Million)
FIG. 35 Asia Pacific Package Boilers Market Revenue, 2016 - 2026 (USD Million)
FIG. 36 Latin America Package Boilers Market Revenue, 2016 - 2026 (USD Million)
FIG. 37 The Middle-East and Africa Package Boilers Market Revenue, 2016 - 2026 (USD Million)
FIG. 38 Parker Boiler Company Business Segment Revenue Share, 2018 (%)
FIG. 39 Parker Boiler Company Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global Package Boilers Market: Snapshot
TABLE 2 Drivers of the Package Boilers Market: Impact Analysis
TABLE 3 Restraints for the Package Boilers Market: Impact Analysis
TABLE 4 Global Package Boilers Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Package Boilers Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Package Boilers Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 7 North America Package Boilers Market Revenue, by Design , 2016 – 2026 (USD Million)
TABLE 8 North America Package Boilers Market Revenue, by Fuel , 2016 – 2026 (USD Million)
TABLE 9 North America Package Boilers Market Revenue, by End-User Industry, 2016 – 2026 (USD Million)
TABLE 10 Europe Package Boilers Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 11 Europe Package Boilers Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 12 Europe Package Boilers Market Revenue, by Design , 2016 – 2026 (USD Million)
TABLE 13 Europe Package Boilers Market Revenue, by Fuel , 2016 – 2026 (USD Million)
TABLE 14 Europe Package Boilers Market Revenue, by End-User Industry, 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific Package Boilers Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific Package Boilers Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 17 Asia Pacific Package Boilers Market Revenue, by Design , 2016 – 2026 (USD Million)
TABLE 18 Asia Pacific Package Boilers Market Revenue, by Fuel , 2016 – 2026 (USD Million)
TABLE 19 Asia Pacific Package Boilers Market Revenue, by End-User Industry, 2016 – 2026 (USD Million)
TABLE 20 Latin America Package Boilers Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 21 Latin America Package Boilers Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 22 Latin America Package Boilers Market Revenue, by Design , 2016 – 2026 (USD Million)
TABLE 23 Latin America Package Boilers Market Revenue, by Fuel , 2016 – 2026 (USD Million)
TABLE 24 Latin America Package Boilers Market Revenue, by End-User Industry, 2016 – 2026 (USD Million)
TABLE 25 The Middle-East and Africa Package Boilers Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 26 The Middle-East and Africa Package Boilers Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 27 The Middle-East and Africa Package Boilers Market Revenue, by Design , 2016 – 2026 (USD Million)
TABLE 28 The Middle-East and Africa Package Boilers Market Revenue, by Fuel , 2016 – 2026 (USD Million)
TABLE 29 The Middle-East and Africa Package Boilers Market Revenue, by End-User Industry, 2016 – 2026 (USD Million)
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