Market research Future Industrial Boiler Market-PDF | Page 2

Industrial Boiler Market Research Report- Forecast to 2027
1 Summary
According to a recent study report published by the Market Research Future, The global market of
Industrial Boiler is booming and expected to gain prominence over the forecast period. The Global
Industrial Boiler market is forecasted to demonstrate an exponential growth by 2027, surpassing its
previous growth records in terms of value with a whooping, CAGR during the estimated period .
Recently, natural gas and biomass industrial boilers have been replacing traditional coal based boilers in
developed economies, owing to their significantly lower operational costs than other fuels. The steady rise
in adoption of green fuels for industrial boilers, across the globe, is increasing the demand in industrial
boiler market. However, high maintenance cost is the factor may hamper the growth of the market.
Key Players:
Some of the key players profiled in the industrial boilers market are Babcock & Wilcox Co. (U.S.),
Thermax Ltd. (India), GE Alstom SA.(France), Doosan Heavy Industries & Construction (South Korea),
Siemens AG (Germany), IHI Corporation (Japan), Dongfang Electric Corporation Ltd. (China), Bharat
Heavy Electricals Ltd.(India), Harbin Power Equipment Co. Ltd.(China), Mitsubishi Heavy Industries
Ltd.(Japan), Hitachi Ltd.(Japan).
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