Asia Pacific Industrial Boilers Market to 2027 - Regional Analysis and Forecasts by Type (Coal Boilers, Gas Boilers, Biomass Boilers, Solid Waste Boilers, Fluidized Bed Boilers, and Others); End-User Industry (Food & Beverage, Pulp & Paper, Chemical, Metals & Mining, and Others)
Publication Month: Nov 2019
Report Code: TIPRE00007523 No. of Pages: 152 Category: Manufacturing and Construction Status: Published
The Asia Pacific industrial boilers market is estimated to account US$ 4.76 Bn in 2018 and is expected to grow at a CAGR of 5.7% during the forecast period 2019 – 2027, to account to US$ 7.77 Bn by 2027.
APAC is among the fastest-growing regions due to the presence of countries such as India, China, and Japan. The growing economies of the region are fueling the growth in an array of sectors, such as the general industry, chemicals, and oil & gas. The region consists of many developing countries that are witnessing high growth in their industrial sectors. The region has become a global manufacturing hub with the presence of diverse manufacturing and processing industries. Alongside China’s evolution into a high-skilled manufacturing hub, other developing countries such as India, South Korea, Taiwan, and Vietnam are attracting several businesses that are in a quest to relocate their low- to medium-skilled manufacturing facilities to the countries offering lower labor costs. The Asia Pacific industrial boilers market for metals & mining is expeted to witness an CAGR growth rate of 2.6% from 2019 to 2027.
Exhibit: Asia Pacific Industrial Boilers Market – By Countries
Asia Pacific Industrial Boilers Market Insights
Increasing government initiatives towards environment pollution control
Boilers play a key role in determining the efficiency of industrial operations. The rising concerns towards the environmental pollution and stringent emission norms are driving the growth of Asia Pacific industrial boilers market. For instance, in 2013, Beijing has launched a program i.e., “war on air pollution.” It was primarily focused on reducing the use of coal. China is the world’s largest user of coal, and China’s energy mix is dominated by coal, accounting for about 60% of the total energy in 2016. Another example is Hebei Province, as per the initial government plan of switching from coal to gas, around 1.8 million households and around 4,500 steam tons equivalent of coal-fired boilers would be covered. Thus, driving the growth of the Asia Pacific industrial boilers market during the coming years.
Surging adoption of energy efficient solution
In the future, the energy-efficient solutions would most likely to witness high demand. Energy-Efficient boilers are required to reduce future operating costs, capital investment, and utility systems costs. The performance of industrial boilers is a key element in the efforts of commercial facilities to hold down utility costs. For maintenance and engineering procedures in various industries, businesses trying to provide efficient boiler performance, the efficiency of the boiler is decided by the proportion of heat output to the amount of fuel utilized. According to the U.S Department of energy, traditional heating systems generally run between 56% to 70% efficiency, which is a substantial loss in energy savings. However, modern boilers and water heaters run around 80% efficiency, which provides significant energy savings when used in a number of industries.
Asia Pacific Industrial Boilers Market – Type Insights
The industrial boilers market in Asia Pacific region is segmented based on the type as coal boilers, gas boilers, biomass boilers, solid waste boilers, fluidized bed boilers, and others. The others segment consists of boilers such as chemical recovery boilers and packaging boilers The fluidized bed boilers segment is further segmented as bubbling fluidized bed boilers and circulating fluidized bed boilers. The coal boilers are the most prominent industrial boilers as these boilers are used in various industries including electricity generation industry, food & beverage industry, and pulp & paper industry. The demand for coal boilers is maximum in the recent years, however, due to increasing concerns related to environmental pollution, and emission of harmful gases, the segment is expected to witness slower growth during the forecast period.
Asia Pacific Industrial Boilers Market – End-user Industry Insights
The Asia Pacific industrial boilers market is analyzed based on the end-user industry as the food & beverage industry, pulp & paper industry, chemical industry, metals & mining industry, and others. The other industry segment comprises of power generation industry, manufacturing industry, and refining industry. The demand for industrial boilers is maximum in the chemical industry as the number of boilers required for smooth operation in the chemical industry is much higher as compared to other sectors. This has facilitated the industry to dominate the Asia Pacific industrial boilers market.
Exhibit: Asia Pacific Industrial Boilers Market for by End-user Industry
Asia Pacific Industrial Boilers Market - Strategic Insights
Some of the market initiatives were observed to be most adopted strategy in the Asia Pacific industrial boilers market. Few of the recent market initiatives adopted by the market players operating in the Asia Pacific industrial boilers market are listed below:
2019: B&W has signed a strategic collaboration agreement with JZHC to pair JZHC’s Coen burners with B&W’s water-tube package boilers and enables the companies to offer the combined burner as well as boiler solution to their customers.
2019: B&W received a contract for around US$ 3 Mn to design and supply three package boilers for the district energy provider for the City of Akron, Ohio, Akron Energy Systems.
2019: B&W announced that it has succesfully turned over a waste-fired boiler for a combined heat and power plant to its customer, Bodens Energi AB, a municipally owned producer of electricity and heat in Boden, Sweden.
ASIA PACIFIC INDUSTRIAL BOILERS SEGMENTATION
Asia Pacific Industrial Boilers Market – By Type
- Coal Boilers
- Gas Boilers
- Biomass Boilers
- Solid Waste Boilers
- Fluidized Bed Boilers
- Others
Asia Pacific Industrial Boilers Market – By End-user Industry
- Food & Beverage
- Pulp & Paper
- Chemical
- Metals & Mining
- Others
Asia Pacific Industrial Boilers Market – By Country
- Asia Pacific (APAC)
- China
- India
- Indonesia
- Vietnam
- Thailand
- Rest of Asia Pacific
Asia Pacific Industrial Boilers Market - Company Profiles
- AC Boilers S.p.A.
- Babcock & Wilcox Enterprises, Inc.
- Bharat Heavy Electrical Limited
- Siemens AG
- Dongfang Electric Corporation Limited
- General Electric Company
- Harbin Electric Company Limited
- IHI Corporation
- Thermax
- Wood Group PLC
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Industrial Boilers Market – By Type
1.3.2 Asia Pacific Industrial Boilers Market – By End-User Industry
1.3.3 Asia Pacific Industrial Boilers Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Industrial Boilers Market Landscape
4.1 Market Overview
4.2 Industrial Boilers Market – PEST Analysis
4.2.1 Industrial Boiler Market – APAC PEST Analysis
4.3 Asia Pacific Industrial Boilers Market – Ecosystem Analysis
5. Asia Pacific Industrial Boilers Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing government initiatives towards environment pollution control
5.1.2 Increasing energy prices is significantly contributing to the demand for energy-efficient industrial boiler
5.2 Key Market Restraint
5.2.1 High cost of implementation of industrial boilers
5.3 Key Market Opportunity
5.3.1 Conducting research and development on emerging technologies
5.4 Future Trend
5.4.1 Surging adoption of energy-efficient solution
5.5 Impact Analysis of Drivers and Restraints
6. Industrial Boilers Market – Asia Pacific Analysis
6.1 Asia Pacific Industrial Boilers Market Overview
6.2 Asia Pacific Industrial Boilers Market Forecast and Analysis
6.3 Market Positioning
7. Asia Pacific Industrial Boilers Market Revenue and Forecasts To 2027– Type
7.1 Overview
7.2 Asia Pacific Industrial Boilers Market Breakdown, By Type, 2018 & 2027
7.3 Coal Boilers Market
7.3.1 Overview
7.3.2 Coal Boilers Market Forecast and Analysis
7.4 Gas Boilers Market
7.4.1 Overview
7.4.2 Gas Boilers Market Forecast and Analysis
7.5 Biomass Boilers Market
7.5.1 Overview
7.5.2 Biomass Boilers Market Forecast and Analysis
7.6 Solid Waste Boilers Market
7.6.1 Overview
7.6.2 Solid Waste Boilers Market Forecast and Analysis
7.7 Fluidized Bed Boilers Market
7.7.1 Overview
7.7.2 Fluidized Bed Boilers Market Forecast and Analysis
7.7.3 Bubbling Fluidized Bed Boilers Market
7.7.3.1 Overview
7.7.3.2 Bubbling Fluidized Bed Boilers Market Forecast and Analysis
7.7.4 Circulating Fluidized Bed Boilers Market
7.7.4.1 Overview
7.7.4.2 Circulating Fluidized Bed Boilers Market Forecast and Analysis
7.8 Others Market
7.8.1 Overview
7.8.2 Others Market Forecast and Analysis
8. Asia Pacific Industrial Boilers Market Revenue and Forecasts To 2027– End-User Industry
8.1 Overview
8.2 Asia Pacific Industrial Boilers Market Breakdown, By End-User Industry, 2018 & 2027
8.3 Food & Beverages Market
8.3.1 Overview
8.3.2 Food & Beverages Market Forecast and Analysis
8.4 Pulp & Paper Market
8.4.1 Overview
8.4.2 Pulp & Paper Market Forecast and Analysis
8.5 Chemical Market
8.5.1 Overview
8.5.2 Chemical Market Forecast and Analysis
8.6 Metals & Mining Market
8.6.1 Overview
8.6.2 Metals & Mining Market Forecast and Analysis
8.7 Others Market
8.7.1 Overview
8.7.2 Others Market Forecast and Analysis
9. Asia Pacific Industrial Boilers Market Revenue and Forecasts To 2027– Country
9.1 Overview
9.2 APAC Industrial Boilers Market Breakdown, By Countries, 2018 & 2027
9.2.1.1 China Industrial Boilers Market, Revenue and Forecast to 2027 (US$ MN)
9.2.1.1.1 China Industrial Boilers Market Breakdown, by Type
9.2.1.1.2 China Industrial Boilers Market Breakdown, by Fluidized Bed Boilers
9.2.1.1.3 China Industrial Boilers Market Breakdown, by End-User Industry
9.2.1.2 India Industrial Boilers Market, Revenue and Forecast to 2027 (US$ MN)
9.2.1.2.1 India Industrial Boilers Market Breakdown, by type
9.2.1.2.2 India Industrial Boilers Market Breakdown, by Fluidized Bed Boilers
9.2.1.2.3 India Industrial Boilers Market Breakdown, by End-User Industry
9.2.1.3 Indonesia Industrial Boilers Market, Revenue and Forecast to 2027 (US$ Mn)
9.2.1.3.1 Indonesia Industrial Boilers Market Breakdown, by type
9.2.1.3.2 Indonesia Industrial Boilers Market Breakdown, by Fluidized Bed Boilers
9.2.1.3.3 Indonesia Industrial Boilers Market Breakdown, by End-User Industry
9.2.1.4 Vietnam Industrial Boilers Market, Revenue and Forecast to 2027 (US$ Mn)
9.2.1.4.1 Vietnam Industrial Boilers Market Breakdown, by type
9.2.1.4.2 Vietnam Industrial Boilers Market Breakdown, by Fluidized Bed Boilers
9.2.1.4.3 Vietnam Industrial Boilers Market Breakdown, by End-User Industry
9.2.1.5 Thailand Industrial Boilers Market, Revenue and Forecast to 2027 (US$ Mn)
9.2.1.5.1 Thailand Industrial Boilers Market Breakdown, by type
9.2.1.5.2 Thailand Industrial Boilers Market Breakdown, by Fluidized Bed Boilers
9.2.1.5.3 Thailand Industrial Boilers Market Breakdown, by End-user Industry
9.2.1.6 Rest of APAC Industrial Boilers Market, Revenue and Forecast to 2027 (US$ Mn)
9.2.1.6.1 Rest of APAC Industrial Boilers Market Breakdown, by Type
9.2.1.6.2 Rest of APAC Industrial Boilers Market Breakdown, by Fluidized Bed Boilers
9.2.1.6.3 Rest of APAC Industrial Boilers Market Breakdown, by End-User Industry
10. Asia Pacific Industrial Boilers Market - Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Asia Pacific Industrial Boilers Market - Company Profile
11.1 AC Boilers SpA (Sofinter SpA)
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Babcock & Wilcox Enterprises, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Bharat Heavy Electricals Limited
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Siemens AG
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Dongfang Electric Corporation Limited
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 General Electric
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Harbin Electric Company Limited
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 IHI Corporation
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Thermax
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Wood Group PLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Industrial Boilers Market Revenue and Forecasts To 2027 (US$ Mn)
Table 2. China Industrial Boilers Market, Revenue and Forecast To 2027 – By Type (US$ Mn)
Table 3. China Industrial Boilers Market, Revenue and Forecast To 2027 – By Fluidized Bed Boilers (US$ Mn)
Table 4. China Industrial Boilers Market, Revenue and Forecast To 2027 – By End-User Industry (US$ Mn)
Table 5. India Industrial Boilers Market, Revenue and Forecast To 2027 – By Type (US$ Mn)
Table 6. India Industrial Boilers Market, Revenue and Forecast To 2027 – By Fluidized Bed Boilers (US$ Mn)
Table 7. India Industrial Boilers Market, Revenue and Forecast To 2027 – By End-User Industry (US$ Mn)
Table 8. Indonesia Industrial Boilers Market, Revenue and Forecast To 2027 – By Type (US$ Mn)
Table 9. Indonesia Industrial Boilers Market, Revenue and Forecast To 2027 – By Fluidized Bed Boilers (US$ Mn)
Table 10. Indonesia Industrial Boilers Market, Revenue and Forecast To 2027 – By End-User Industry (US$ Mn)
Table 11. Vietnam Industrial Boilers Market, Revenue and Forecast To 2027 – By Type (US$ Mn)
Table 12. Vietnam Industrial Boilers Market, Revenue and Forecast To 2027 – By Fluidized Bed Boilers (US$ Mn)
Table 13. Vietnam Industrial Boilers Market, Revenue and Forecast To 2027 – By End-User Industry (US$ Mn)
Table 14. Thailand Industrial Boilers Market, Revenue and Forecast To 2027 – By Type (US$ Mn)
Table 15. Thailand Industrial Boilers Market, Revenue and Forecast To 2027 – By Fluidized Bed Boilers (US$ Mn)
Table 16. Thailand Industrial Boilers Market, Revenue and Forecast To 2027 – By End-User Industry (US$ Mn)
Table 17. Rest of APAC Industrial Boilers Market, Revenue and Forecast To 2027 – By Type (US$ Mn)
Table 18. Rest of APAC Industrial Boilers Market, Revenue and Forecast To 2027 – By Fluidized Bed Boilers (US$ Mn)
Table 19. Rest of APAC Industrial Boilers Market, Revenue and Forecast To 2027 – By End-User Industry (US$ Mn)
Table 20. Glossary of Terms, Industrial Boilers Market
LIST OF FIGURES
Figure 1. Asia Pacific Industrial Boilers Market Segmentation
Figure 2. Coal boiler to dominate the market by type throughout the forecast period
Figure 3. Food & Beverage is expected to witness high growth
Figure 4. China holds the largest market share
Figure 5. Asia-Pacific Industrial Boiler Market Overview
Figure 6. Industrial Boiler Market – APAC PEST Analysis
Figure 7. Energy Price Index, 2015-2019
Figure 8. Industrial Boiler Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Industrial Boilers Market
Figure 10. Asia Pacific Industrial Boilers Market Forecast and Analysis, (US$ Mn)
Figure 11. Asia Pacific Industrial Boilers Market Breakdown, By Type, 2018 & 2027 (%)
Figure 12. Asia Pacific Coal Boilers Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 13. Asia Pacific Gas Boilers Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 14. Asia Pacific Biomass Boilers Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 15. Asia Pacific Solid Waste Boilers Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 16. Asia Pacific Fluidized Bed Boilers Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 17. Asia Pacific Bubbling Fluidized Bed Boilers Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 18. Asia Pacific Circulating Fluidized Bed Boilers Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 19. Asia Pacific Others Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 20. Asia Pacific Industrial Boilers Market Breakdown, By End-User Industry, 2018 & 2027 (%)
Figure 21. Asia Pacific Food & Beverages Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 22. Asia Pacific Pulp & Paper Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 23. Asia Pacific Chemical Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 24. Asia Pacific Metals & Mining Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 25. Asia Pacific Others Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 26. APAC Industrial Boilers Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 27. China Industrial Boilers Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 28. India Industrial Boilers Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 29. Indonesia Industrial Boilers Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 30. Vietnam Industrial Boilers Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 31. Thailand Industrial Boilers Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 32. Rest of APAC Industrial Boilers Market, Revenue and Forecast To 2027 (US$ Mn)
The List of Companies
- AC Boilers
- Woods Group
- Babcock and Wilcox
- GE Company
- Thermax
- IHI Corp
- Harbin Electric Company
- Dongfang
- Bharat Heavy Electricals
- Siemens AG
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the APAC industrial boiler market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.