Global Industrial Boilers Market Projected at 620,000 Tons Of Steam Per Hour by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Boilers market. The global market for Power/Utility Boilers is forecast to reach 128 thousand mega watts, while the industrial boilers market would reach 620 thousand tons of steam per hour by 2015. Key factors fuelling market growth include high-energy costs, surging demand for hydroelectric power, and rising popularity of energy efficient boilers. The market is also driven by increasing demand for boilers in emerging economies of Asia-Pacific, backed by strong economic growth and increased expenditure on electricity infrastructure.

Boilers: A Global Strategic Business Report

The global boilers market was impacted by the global economic recession over the past couple of years. Several projects were either cancelled or postponed during 2009, particularly in the US market. Credit crunch forced customers to delay or abandon capital-improvement projects that involved huge investments. However, a gradual recovery of the world economy, high-energy costs, and surging demand for energy efficient boilers combine to drive the boilers market growth in future. Boilers demand is presently concentrated in emerging economies of India and China. Meanwhile, in developed countries, demand for boilers is largely driven by the replacement of aging capacity, with clean and more efficient equipment. Energy efficiency is a key influencer of boiler costs, as fuel costs account for more than 88% of the overall boiler cost on a lifecycle basis. Steam boilers, based on renewable energy sources such as solar energy and biomass, thus is the key success factor in the present market scenario, threatening the potential of conventional fossil fuel-based boilers.

Asia-Pacific constitutes the largest as well as the fastest growing regional market for Power Boilers, as stated by the new market research report on Boilers. Asia-Pacific also leads the Industrial Boilers market worldwide. Demand for boilers is significantly affected by the dynamics in hydroelectric power generation marketplace. Significant demand for hydroelectric power presently emanate from developing regions, such as Asia-Pacific, Latin America, and Eastern/Central Europe, on account of the increased expenditure on electricity infrastructure. Demand for hydroelectric power is likely to be moderate in North America and Europe, with a large part being accounted for by the replacement of aging capacity.

A recent trend witnessed in the boilers market is the rapid growth in demand for Circulating Fluidized Bed (CFB) Boilers globally. Driven by environmental concerns such as waste disposal and fuel problems, several countries are increasingly installing CFB units. As of 2008, more than 250 CFB boiler units were operational globally, with total capacity of about 15,000 MW. CFB technology is rapidly gaining importance due to its ability to burn coal with significantly less emission.

Major players profiled in the report include Aalborg Industries A/S, ALSTOM SA, Austrian Energy and Environment, Bharat Heavy Electricals Ltd., Doosan Heavy Industries & Construction Co Ltd., Foster Wheeler Inc., Harbin Power Equipment Company, Babcock-Hitachi K.K, McDermott International Inc., The Babcock & Wilcox Company, Metso Power, Mitsubishi Heavy Industries Ltd., Miura Co. Ltd., Takuma Co. Ltd., Thermax Limited, and Wellman Robey Limited.

The report titled "Boilers: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the boilers (industrial and power or utility boilers) markets; current market trends; key growth drivers; regulatory issues, recent industry activity; recent product launches, and profiles of major/niche global as well as regional market players. The study analyzes market data and analytics for Power/Utility Boilers in terms of Annual Capacity Additions in Mega Watts, and for Industrial Boilers in terms of Annual Capacity Additions in Tons of Steam Per Hour for regions, including the United States, Canada, Japan, Europe, Asia-Pacific, The Middle East, and Latin America. Key end use applications analyzed for Industrial Boilers include Oil & Gas, Chemical, Food & Beverages, Building & Construction, and Others. In addition, the US and Canadian boiler markets are further analyzed in terms of value sales (US$) by the following product type - Electric Boilers, Fire-Tube Boilers, and Water-Tube Boilers. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Boilers_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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