Press Release

Industrial Boilers Market: 2019 Global Industry Trends, Growth, Share, Size and 2026 Forecast Research Report

The increasing development of power plants is propelling the growth of the global Industrial boilers market, says fortune business insights in a report, titled “Industrial Boilers Market Size, Share and Global Trend by Type (Fire-tube, Water-tube), By Function (Hot Water, Steam), By Fuel Type (Natural Gas & Biomass, Oil, Coal), By End-User (Food & Beverages, Chemical, Oil & Gas, Manufacturing, Others), and Geography Forecast till 2026.” Industrial boilers market to witness high growth due to benefits offered by industrial boilers such as flexible transportability and energy absorption.

Browse Complete Report at https://www.fortunebusinessinsights.com/industry-reports/industrial-boilers-market-100639

MHI-MME and JHT Receives License

Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME), a 150 years old marine machinery company and Jiujiang Haitian Equipment Manufacture Co., Ltd (JHT), marine equipment manufacturer received a licensee for the marine auxiliary boiler. The company together received an order of 200 units for the licensed boiler. The delivery record involves boilers not alone for Chinese ship owners but also for European ship owners. This factor is expected to encourage and support Industrial boilers manufacturers owing to the advantages of auxiliary boilers such as exhaust gas boiler, exhaust gas economizer, which can evaporate amount up 55 tons per hour.

The advantages of auxiliary boilers will, in turn, boost the Industrial boilers market. Initiatives by companies for repairing power generation boilers are also expected to drive industrial boilers uses. For instance, in 2017 Mitsubishi Hitachi Power Systems, Ltd. contracted with CEPC for a rehabilitation project in Egypt. In this, Mitsubishi Hitachi Power Systems, Ltd. repaired power generation boilers with a rated output of 1,360 MW.

Sample PDF Brochure  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/Industrial Boilers-market-100632

Industrial Demand will Contribute to Market Growth

An industrial boiler is a closed vessel, allowing the liquid to heat at a certain temperature. Boilers systems are soldered with thick steel plates, which permits the boiler to offer pressure of 30 bar or more. Usually, the pressure inside the industrial boiler depends on different applications. Industrial boilers can be used in various industries such as chemical, oil, gas, automotive, wood, paper building material, and food and beverage including breweries. industrial boilers manufacturers are focusing on developing large boilers with high capacity, thus meeting user-need. for instance, Bosch Industriekessel GmbH offers hot water boilers up to the range of 38 MW and heating boilers with 19.2 MW capacity.

Bosch Industriekessel provides its products to companies, such as Nestle, Coca Cola, Red Bull, Daimler, and many more. The industrial boiler market is predicted to witness growth due to the rising demand in the aforementioned industries. In addition, the expansion of power plants in different regions along with rising demand for industrial boilers for high energy absorption and flexible transportability are fostering the growth of the industrial boilers manufacturers market.

North America to Dominate The Global Market

Geographically, the global Industrial boilers market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. North America is expected to dominate the global Industrial boilers market due to the presence of industrial boilers manufacturers in the region. Increasing demand for industrial boilers for commercial use by agriculture and other industrial sectors is boosting the growth of the industrial boilers market in the region. In Asia-pacific, the rising adoption of power plants for energy producing is driving the industrial boilers market. in addition, countries like china and India are focusing on green energy projects and also stopping pollution which in turn is supporting the growth of the global industrial boilers market

Top Players Overview:

  • Mitsubishi Heavy Industries Marine Machinery & Equipment Co. Ltd.
  • General Electric Company
  • Harbin Power Equipment Co. Ltd.
  • IHI Corporation
  • Babcock & Wilcox Co.
  • Thermax Ltd.
  • Doosan Heavy Industries & Construction
  • Dongfang Electric Corporation Ltd.
  • Bharat Heavy Electricals Ltd.

View Related Reports

Wireline Services Market to Reach US$ 14,359.22 Mn by the End of 2026, Prevention of Capital Wastage to Favor the Growth of Electric Line Segment, says Fortune Business Insights

Forestry Equipment Market to Reach US$ 13,109.9 Mn by 2026, Caterpillar’s Latest Forest Equipment to Boost the Market, says Fortune Business Insights

Pallets Market to Reach US$ 88.69 Bn by 2026; Rising Global Standard Operations for Goods Transportation Drive the Market: Fortune Business Insights

Tags

Jose Gonzales

Jose works as the head of the communication devices column. He manages his works profusely. His knowledge of the field is vast, and this intrigues him to write quality articles. His articles are enriched in information and quite interesting to read. He knows how to turn boring facts to readable data. Our readers very much love his articles. It has been 6 years since he has joined this organization and we have never regretted taking him.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close