The report "Industrial Boilers Market by Type (Fire-tube, Water-tube), Fuel Type (Natural Gas & Biomass, Oil, Coal), End-Use Industry (Chemical, Food, Refineries, Metals & Mining), Boiler Horsepower, and Region - Global Forecast to 2027".
Factors such as increasing demand from the food industry and growing demand for compact designs and lean operations influence the industrial boilers market. The shift toward high-performance boilers based on natural gas will have a positive impact on the industrial boilers market.
Factors such as increasing demand from the food industry and growing demand for compact designs and lean operations influence the industrial boilers market. The shift toward high-performance boilers based on natural gas will have a positive impact on the industrial boilers market.
On the basis of Boiler Horsepower:
- 10-150 BHP
- 151-300 BHP
- 301-600 BHP
On the basis of Fuel Type:
- Natural Gas & Biomass
- Oil
- Coal
- Others
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On the basis of End-use Industry:
- Food
- Chemical
- Refineries
- Metals & Mining
- Others
On the basis of Type:
- Water-tube
- Fire-tube
Fire-tube type segment to lead the industrial boilers market by 2027
By type, the fire-tube segment is estimated to account for the largest share of the industrial boilers market in 2018 and is projected to dominate the market by 2027. Fire-tube boilers have compact designs and largely run on natural gas and oil, which are the major fuels preferred globally. Fire-tube boilers are also more fuel efficient and have lean operations in comparison to water-tube boilers.
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Natural gas & biomass segment to lead the industrial boilers market by 2027
By fuel type, the natural gas & biomass segment is estimated to account for the largest share of the industrial boilers market in 2018 and is projected to dominate the market by 2027. Natural gas & biomass-based boilers are capturing the industrial boilers market and are amongst the first choices to replace coal-based boilers in developed countries. The US and UK have stopped constructing new coal-based power plants and industrial boilers and are replacing the old ones with natural gas-fired industrial boilers. The natural gas & biomass-based industrial boilers are also used in developing countries like Saudi Arabia, the UAE, Egypt, and Nigeria due to easy availability of natural gas and oil.
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