Asia Pacific Industrial Boilers Market

Historic Data: 2016-2017   |   Base Year: 2018   |   Forecast Period: 2019-2027

Analysis and Forecasts by Type (Coal Boilers, Gas Boilers, Biomass Boilers, Solid Waste Boilers, Fluidized Bed Boilers, and Others); End-User Industry (Food & Beverage, Pulp & Paper, Chemical, Metals & Mining, and Others)


No. of Pages: 152    |    Report Code: TIPRE00007523    |    Category: Manufacturing and Construction

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Asia Pacific Industrial Boilers Market
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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

Asia Pacific Industrial Boilers Market – By Countries
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Asia Pacific Industrial Boilers Strategic Insights

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.

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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
  • Coal Boilers
  • Gas Boilers
  • Biomass Boilers
  • Solid Waste Boilers
  • Fluidized Bed Boilers
By End-User Industry
  • Food & Beverage
  • Pulp & Paper
  • Chemical
  • Metals & Mining
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • AC Boilers
  • Woods Group
  • Babcock and Wilcox
  • GE Company
  • Thermax
  • IHI Corp
  • Harbin Electric Company
  • Dongfang
  • Bharat Heavy Electricals
  • Siemens AG
  • Get more information on this report

    Asia Pacific Industrial Boilers Regional Insights

    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.

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    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.

     

    Asia Pacific Industrial Boilers Market for by End-user Industry

    Asia Pacific Industrial Boilers Market for by End-user Industry
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    Asia Pacific Industrial Boilers Strategic Insights

    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.

    strategic-framework/asia-pacific-industrial-boilers-market-strategic-framework.webp
    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
    • Coal Boilers
    • Gas Boilers
    • Biomass Boilers
    • Solid Waste Boilers
    • Fluidized Bed Boilers
    By End-User Industry
    • Food & Beverage
    • Pulp & Paper
    • Chemical
    • Metals & Mining
    Regions and Countries Covered Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
    Market leaders and key company profiles
  • AC Boilers
  • Woods Group
  • Babcock and Wilcox
  • GE Company
  • Thermax
  • IHI Corp
  • Harbin Electric Company
  • Dongfang
  • Bharat Heavy Electricals
  • Siemens AG
  • Get more information on this report

    Asia Pacific Industrial Boilers Regional Insights

    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.

    geography/asia-pacific-industrial-boilers-market-geography.webp
    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

    • Coal Boilers
    • Gas Boilers
    • Biomass Boilers
    • Solid Waste Boilers
    • Fluidized Bed Boilers
    • Others

    Asia Pacific Industrial Boilers Market – By End-user Industry  

    • Food & Beverage
    • Pulp & Paper
    • Chemical
    • Metals & Mining
    • Others

    Asia Pacific Industrial Boilers Market – By

    Country

    • Asia Pacific (APAC)

      • China
      • India
      • Indonesia
      • Vietnam
      • Thailand
      • Rest of Asia Pacific

    Asia Pacific Industrial Boilers Market - Company Profiles

    • AC Boilers S.p.A.
    • Babcock & Wilcox Enterprises, Inc.
    • Bharat Heavy Electrical Limited
    • Siemens AG
    • Dongfang Electric Corporation Limited
    • General Electric Company
    • Harbin Electric Company Limited
    • IHI Corporation
    • Thermax
    • Wood Group PLC

     

     

    The List of Companies - Asia Pacific Industrial Boilers Market

    The List of Companies

    1. AC Boilers
    2. Woods Group
    3. Babcock and Wilcox
    4. GE Company
    5. Thermax
    6. IHI Corp
    7. Harbin Electric Company
    8. Dongfang
    9. Bharat Heavy Electricals
    10. Siemens AG
    Frequently Asked Questions
    How big is the Asia Pacific Industrial Boilers Market?

    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.

    What is the CAGR for Asia Pacific Industrial Boilers Market by (2019 - 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.

    What segments are covered in this report?

    The Asia Pacific Industrial Boilers Market report typically cover these key segments-

    • Type (Coal Boilers, Gas Boilers, Biomass Boilers, Solid Waste Boilers, Fluidized Bed Boilers)
    • End-User Industry (Food & Beverage, Pulp & Paper, Chemical, Metals & Mining)

    What is the historic period, base year, and forecast period taken for Asia Pacific Industrial Boilers Market?

    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:

  • Historic Period : 2016-2017
  • Base Year : 2018
  • Forecast Period : 2019-2027
  • Who are the major players in Asia Pacific Industrial Boilers Market?

    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:

  • AC Boilers
  • Woods Group
  • Babcock and Wilcox
  • GE Company
  • Thermax
  • IHI Corp
  • Harbin Electric Company
  • Dongfang
  • Bharat Heavy Electricals
  • Siemens AG
  • Who should buy this report?

    The Asia Pacific Industrial Boilers Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    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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