Steam Boiler Systems Market Volume to Touch 244,836 Units Mark by 2024 | Page 2

Steam Boiler Systems Market
REPORT DESCRIPTION
Steam Boiler Systems Market (Type of Boiler - Fire Tube Boiler
(Horizontal Return Tubular Boiler, Short Fire Box Boiler, and
Compact Boiler), Water Tube Boiler (Horizontal Straight Tube Boiler,
Bent Tube Boiler, and Cyclone Fired Boiler), and Super Heater;
Application - Generator, Steam Engine (Locomotives),Cement
Production, and Agriculture; End User - Food, Chemical, Refineries,
Primary Metal, and Thermal Power Plants) - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
The global steam boiler systems market is highly region-concentrated with a strong presence of
key players in their home regions, finds a new study by Transparency Market Research (TMR). At the
global level, the market is led by Alstom, General Electric, Cleaver - Brooks Inc., BHEL, and Larsen &
Toubro Ltd., which collectively held a share of more than 46% in the overall market in 2015. The
leading players are actively involving into mergers and acquisitions, which is anticipated to increase
the competition within the market over the years to come.
According to the TMR’s report, the global market for steam boiler systems offered an opportunity
worth US$12.0 bn in 2015. Analysts project it to swell at a CAGR of 5.30% during the period from
2016 to 2024 and touch US$8.9 bn by the end of the forecast period. In terms of sales volume, the
market is likely to cross the 244,836 units mark by 2024. Water tube boilers have emerged as the
most valued products in this market and are anticipated to remain so over the next few years, thanks
to their extensive usage in large power plants.
Browse The Full Article Here: http://www.transparencymarketresearch.com/steam-
boiler-system-market.html
North America to Retain Lead
The worldwide market for steam boiler systems is spread across Asia Pacific, the Middle East and
Africa, Latin America, North America, and Europe. In this research report, an exhaustive assessment
of this market on the basis of its geographical presence has also been offered. According to the
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Transparency Market Research