Asia Pacific Industrial Boilers Market
The Asia Pacific industrial boilers market is estimated to account US$ 4.76 Bn in 2018 and is expected to grow at a CAGR of 5.7% during the forecast period 2019 – 2027, to account to US$ 7.77 Bn by 2027.
APAC is among the fastest-growing regions due to the presence of countries such as India, China, and Japan. The growing economies of the region are fueling the growth in an array of sectors, such as the general industry, chemicals, and oil & gas. The region consists of many developing countries that are witnessing high growth in their industrial sectors. The region has become a global manufacturing hub with the presence of diverse manufacturing and processing industries. Alongside China’s evolution into a high-skilled manufacturing hub, other developing countries such as India, South Korea, Taiwan, and Vietnam are attracting several businesses that are in a quest to relocate their low- to medium-skilled manufacturing facilities to the countries offering lower labor costs. The Asia Pacific industrial boilers market for metals & mining is expeted to witness an CAGR growth rate of 2.6% from 2019 to 2027.
Asia Pacific Industrial Boilers Market – By Countries
Strategic insights for the Asia Pacific Industrial Boilers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 4.76 Billion |
| Market Size by 2027 | US$ 7.77 Billion |
| Global CAGR (2019 - 2027) | 5.7% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Industrial Boilers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Asia Pacific Industrial Boilers Market Insights
Increasing government initiatives towards environment pollution control
Boilers play a key role in determining the efficiency of industrial operations. The rising concerns towards the environmental pollution and stringent emission norms are driving the growth of Asia Pacific industrial boilers market. For instance, in 2013, Beijing has launched a program i.e., “war on air pollution.” It was primarily focused on reducing the use of coal. China is the world’s largest user of coal, and China’s energy mix is dominated by coal, accounting for about 60% of the total energy in 2016. Another example is Hebei Province, as per the initial government plan of switching from coal to gas, around 1.8 million households and around 4,500 steam tons equivalent of coal-fired boilers would be covered. Thus, driving the growth of the Asia Pacific industrial boilers market during the coming years.
Surging adoption of energy efficient solution
In the future, the energy-efficient solutions would most likely to witness high demand. Energy-Efficient boilers are required to reduce future operating costs, capital investment, and utility systems costs. The performance of industrial boilers is a key element in the efforts of commercial facilities to hold down utility costs. For maintenance and engineering procedures in various industries, businesses trying to provide efficient boiler performance, the efficiency of the boiler is decided by the proportion of heat output to the amount of fuel utilized. According to the U.S Department of energy, traditional heating systems generally run between 56% to 70% efficiency, which is a substantial loss in energy savings. However, modern boilers and water heaters run around 80% efficiency, which provides significant energy savings when used in a number of industries.
Asia Pacific Industrial Boilers Market – Type Insights
The industrial boilers market in Asia Pacific region is segmented based on the type as coal boilers, gas boilers, biomass boilers, solid waste boilers, fluidized bed boilers, and others. The others segment consists of boilers such as chemical recovery boilers and packaging boilers The fluidized bed boilers segment is further segmented as bubbling fluidized bed boilers and circulating fluidized bed boilers. The coal boilers are the most prominent industrial boilers as these boilers are used in various industries including electricity generation industry, food & beverage industry, and pulp & paper industry. The demand for coal boilers is maximum in the recent years, however, due to increasing concerns related to environmental pollution, and emission of harmful gases, the segment is expected to witness slower growth during the forecast period.
Asia Pacific Industrial Boilers Market – End-user Industry Insights
The Asia Pacific industrial boilers market is analyzed based on the end-user industry as the food & beverage industry, pulp & paper industry, chemical industry, metals & mining industry, and others. The other industry segment comprises of power generation industry, manufacturing industry, and refining industry. The demand for industrial boilers is maximum in the chemical industry as the number of boilers required for smooth operation in the chemical industry is much higher as compared to other sectors. This has facilitated the industry to dominate the Asia Pacific industrial boilers market.
Strategic insights for the Asia Pacific Industrial Boilers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Industrial Boilers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas. Asia Pacific Industrial Boilers Market for by End-user Industry
Get more information on this report Asia Pacific Industrial Boilers Strategic Insights
Get more information on this report Asia Pacific Industrial Boilers Report Scope
Report Attribute
Details
Market size in 2018
US$ 4.76 Billion
Market Size by 2027
US$ 7.77 Billion
Global CAGR (2019 - 2027)
5.7%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Type
By End-User Industry
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
Get more information on this report Asia Pacific Industrial Boilers Regional Insights
Get more information on this report
Asia Pacific Industrial Boilers Market - Strategic Insights
Some of the market initiatives were observed to be most adopted strategy in the Asia Pacific industrial boilers market. Few of the recent market initiatives adopted by the market players operating in the Asia Pacific industrial boilers market are listed below:
2019:
B&W has signed a strategic collaboration agreement with JZHC to pair JZHC’s Coen burners with B&W’s water-tube package boilers and enables the companies to offer the combined burner as well as boiler solution to their customers.
2019:
B&W received a contract for around US$ 3 Mn to design and supply three package boilers for the district energy provider for the City of Akron, Ohio, Akron Energy Systems.
2019:
B&W announced that it has succesfully turned over a waste-fired boiler for a combined heat and power plant to its customer, Bodens Energi AB, a municipally owned producer of electricity and heat in Boden, Sweden.
ASIA PACIFIC INDUSTRIAL BOILERS SEGMENTATION
Asia Pacific Industrial Boilers Market – By
Type
Asia Pacific Industrial Boilers Market – By End-user Industry
Asia Pacific Industrial Boilers Market – By
Country
Asia Pacific Industrial Boilers Market - Company Profiles
The List of Companies
The Asia Pacific Industrial Boilers Market is valued at US$ 4.76 Billion in 2018, it is projected to reach US$ 7.77 Billion by 2027.
As per our report Asia Pacific Industrial Boilers Market, the market size is valued at US$ 4.76 Billion in 2018, projecting it to reach US$ 7.77 Billion by 2027. This translates to a CAGR of approximately 5.7% during the forecast period.
The Asia Pacific Industrial Boilers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Industrial Boilers Market report:
The Asia Pacific Industrial Boilers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Industrial Boilers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Industrial Boilers Market value chain can benefit from the information contained in a comprehensive market report.
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