Package Boilers (Fire-tube, Water-tube, Electric) Market 2017 - Global Forecast to 2022

DUBLIN, September 7, 2017 /PRNewswire/ --

The "Package Boilers Market by Type (Fire-Tube, Water-Tube, Electric), Fuel (Oil, Gas, Biomass), Design (D-Type, A-Type, O-Type), End-Use Industry (Food & Beverage, Chemical, Oil & Gas, Paper & Pulp), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The package boilers market is estimated to be USD 8.92 Billion in 2017 and is projected to reach USD 11.06 Billion by 2022, at a CAGR of 4.40% from 2017 to 2022

This growth can be attributed to the increased demand for package boilers from the food & beverage industry. The demand for package boilers is growing significantly across various regions worldwide, due to advantages associated with the use of package boilers, such as easy installation and low maintenance costs as compared to large industrial boilers. Furthermore, research & development activities are being carried to enhance the features of package boilers.

The oil fuel segment is projected to lead the package boilers market from 2017 to 2022. Oil-based package boilers have gained popularity in regions with limited access to natural gas, such as the Northeast Asia. Boiler manufacturers are currently offering heating oil blended with biodiesel, which allows end users to reduce their dependence on foreign oil. These biodiesel blends also produce less pollution as compared to pure heating oil. Thus, biodiesel blends as a fuel source in package boilers have contributed to the growth of the oil segment of the package boilers market.

The package boilers market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. Rapid industrialization and infrastructural developments in the Asia Pacific region offer lucrative growth opportunities to manufacturers of package boilers.

However, the formulation of stringent emission standards is acting as a key restraint to the growth of the package boilers market.

Market Dynamics

Drivers

• Increasing Demand for Package Boilers in the Food & Beverage Industry

Restraints

• Stringent Government Regulations for Meeting Emission Standards

Opportunities

• Adoption of Burner Technology for Reducing NOX Emissions
• Growing Focus on Clean and Renewable Energy Sources

Challenges

• Boiler Efficiency and Steam Quality
• High R&D Investments

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Package Boilers Market, By Design

7 Package Boilers Market, By End-Use Industry

8 Package Boilers Market, By Fuel

9 Package Boilers Market, By Type

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles

• Aalborg Engineering A/S
• Aerco International Inc.
• Amec Foster Wheeler PLC
• Babcock & Wilcox Enterprises, Inc.
• Calderas Powermaster
• Cleaver-Brooks, Inc.
• English Boiler and Tube, Inc.
• Forbes Marshall Private Limited
• Fulton
• Hurst Boiler & Welding Company, Inc.
• IHI Corporation
• John Thompson
• Johnston Boiler Company
• Kawasaki Thermal Engineering Co., Ltd.
• Mackenzie Industries
• Microtech Boilers Private Limited
• Mitsubishi Hitachi Power Systems, Ltd.
• Miura
• Parker Boiler Company
• Rentec Boilers Systems
• Superior Boiler Works, Inc.
• Thermax Limited
• Vapor Power International, LLC
• Williams & Davis Boilers
• York-Shipley Global

For more information about this report visit https://www.researchandmarkets.com/research/6vfw46/package_boilers

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