The Industrial Boiler Market to Suffer Amidst the COVID-19 Pandemic

Mon, 12 October 2020 10:35

Industrial boilers use electricity, coal, gas, biomass, and other sources to produce steam for heating purposes. Rising adoption of boilers in the food and beverage industries, stringent government regulations, and increasing popularity of solar panels drives the market growth. However, the huge installation costhinders the market growth.

Impact of COVID-19

The demand for boiler is decelerating amidst the COVID-19 pandemic as most of the manufacturers are forced to shut down their operations. Halt in the trade activities has reduced the availability of raw materials.However, the market is projected to witness a slight growth on account of rising consumer demand for clean energy, which has compelled the manufacturers to produce electricity using boilers.

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Key Highlights

  • The fire tube segment is likely to hold the highest market share
  • The food and beverage segment dominates the market
  • North American leads Industrial boiler market on account of rapid industrialization
  • Asia-Pacific is projected to hold the largest market share as several manufacturers are establishing their presence in the region due to easy access to raw materials and availability of low-cost labor

Key Players

  • Bosch Industriekessel GmbH
  • Industrial Boilers
  • Ekotek Kazan Ltd.
  • Unilux Advanced Manufacturing, LLC
  • Fulton
  • Nationwide Boiler Inc.
  • Cleaver-Brooks
  • Reimers Electra Steam, Inc.
  • Industrial Boilers
  • BFS Industries
  • Columbia Boiler Company

Industrial Boiler Market: Segmentation

By Type

  • Vertical Shell Boilers
  • Horizontal Shell Boilers
  • Packaged Boilers
  • Sectional Boilers
  • Hot Water Boiler
  • Steam Boilers

By Design

  • Fire Tube
  • Water Tube
  • Cast Iron
  • Combination or Hybrid

By Heat Source

  • Coal
  • Biomass
  • Electric
  • Gas Fired
  • Oil Fired
  • Wood Fired
  • Hydronic Boilers

By Application

  • Food and Beverage
  • Textile
  • Heating
  • Building Materials
  • Chemistry
  • Paper
  • Laundry and Cleaning

By Region

  • North America
  • Central and South America and the Caribbean
  • Europe
  • APAC
  • The Middle East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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