Wellesley, MA (PRWEB) April 02, 2014
BCC Research (http://www.bccresearch.com) reveals in its new report, Industrial Boilers: Technologies and Developing Markets, the global industrial boilers market is expected to grow to nearly $12.5 billion by 2018, with a five-year compound annual growth rate (CAGR) of 5.9%. The steam-generating industrial boilers category, the largest and fastest in the market, is moving at a CAGR of 6.1%.
Growth in the overall market will occur for boiler technologies that produce hot water as well as steam, although growth for steam producing boilers, which includes waterwall, watertube, firetube, and fluidized bed boilers, will be more rapid. Indeed, the steam-generating segment comprises the largest of the industrial boilers category, which is expected to reach $11.6 billion by 2018.
However, the market for hot water industrial boilers alone is much smaller expected to grow significantly slower over the near term. This market is projected to reach $803.3 million and register a CAGR of 2.8% by 2018.
"Industrial boilers markets generally fall into one of two major categories: mature markets common in developed countries and regions, and developing markets that occur where economies are transitioning towards industrialization," said BCC Research manufacturing analyst Robert Eckard. "The global dichotomy in markets is driving strong growth in emerging markets, founded on underlying development of industry and industry supply chains.”
Industrial Boilers: Technologies and Developing Markets provides a comprehensive overview of the global market for industrial boilers. Specific technology categories in this report comprise all industrial boiler sales within the regions considered in this report. The report focuses on industrial boilers, and excludes those used for utility scale power generation, commercial and residential purposes. Emerging industrial boiler technologies that may become commercially viable within the next five years are summarized, but are not included in the market assessment of this report. BCC Research analyzes each major viable industrial boiler technology, determines its current market status, examines its impact on future markets, and presents forecasts of growth over the next five years. In addition, technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in support of this industry.
This report is intended for current and potential manufacturers and suppliers of industrial boilers, entrepreneurs, and entrepreneurial companies interested in entering or expanding into the industrial boiler technology sector. It will also be of interest to corporate planners and strategists, boiler research and development strategists, engineering, procurement, and contracting (EPC) firms involved in the development and installation of large industrial boilers, boiler industry groups, and other public- and private-sector interest groups and market analysts.
Editors and reporters who wish to speak with the analyst, should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.