Market research Future Industrial Boilers Market Size, Share, Facts & Fig | Page 2

Industrial Boilers 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 (2018 –
2027).
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:
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). are some of the prominent players profiled
in MRFR Analysis and are at the forefront of competition in the Global Industrial Boiler Market.
Page | 2
Copyright © 2017 Market Research Future.