Gas Fired Boiler Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Gas Fired Boiler Market covers analysis By Fuel Type (LPG, CNG, Biogas, LNG); Capacity (Less than 10 Mmbtu/hr, 10-50 Mmbtu/hr, 50-100 Mmbtu/hr, More than 100 Mmbtu/hr); Type (Vertical, Horizontal); End User (Residential, Commercial, Industrial) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00027557
  • Category : Energy and Power
  • No. of Pages : 150
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Gas Fired Boiler Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION
A boiler is a closed vessel which is used to heat fluids. Gas fired boilers use natural gas and liquefied petroleum gas as fuel. Gas fired boilers are generally used for steam & hot water generation in industrial and residential establishments. Gas fired boilers can achieve higher efficiency levels compared to oil fired boilers.

MARKET SCOPE
The "Global Gas Fired Boiler Market to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Gas Fired Boiler Market with detailed market segmentation by fuel type, by capacity, by type, by end user, and by geography. The Gas Fired Boiler Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Gas Fired Boiler Market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The Gas Fired Boiler Market has been segmented into by fuel type, by capacity, by type, and by end user. By fuel type the market has been bifurcated into LPG, CNG, Biogas and LNG. By capacity the market has been bifurcated into less than 10 Mmbtu/hr, 10-50 Mmbtu/hr, 50-100 Mmbtu/hr and more than 100 Mmbtu/hr. By type the market has been bifurcated into vertical and horizontal. By end user the market has been bifurcated into residential, commercial and industrial.

MARKET DYNAMICS
Growth Factors
  •  Strict government regulations to control traditional coal fired boiler emissions
  •  Rapid increase in population and urbanization
  •  Increasing need of gas fired boilers in chemical and food industry
  •  Increasing need of gas fired boilers in commercial spaces
  •  Increasing environmental awareness
    Restraints
  •  High initial investment

    REGIONAL FRAMEWORK
    The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Gas Fired Boiler Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

    The report analyzes factors affecting the Gas Fired Boiler Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Gas Fired Boiler Market in these regions.
    Impact of Covid-19 on Gas Fired Boiler Market
    The Covid-19 outbreak had a significant impact on a number of industries as well as the Oil Fired Boiler Market. With an increase in the number of covid 19 cases, several governments and local authorities imposed restrictions and lockdowns which affected the supply and demand chain and had a negative impact on the Gas Fired Boiler Market. On the other hand gas fired boilers were used in the residential sectors which helped the market a bit. As the number of cases are on a decline and restrictions being removed the Gas Fired Boiler Market is expected to see a rise in the coming years.

    World Geography

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    MARKET PLAYERS

    The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Gas Fired Boiler Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

    The report analyzes factors affecting the Gas Fired Boiler Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Gas Fired Boiler Market in these regions.
    Impact of Covid-19 on Gas Fired Boiler Market
    The Covid-19 outbreak had a significant impact on a number of industries as well as the Oil Fired Boiler Market. With an increase in the number of covid 19 cases, several governments and local authorities imposed restrictions and lockdowns which affected the supply and demand chain and had a negative impact on the Gas Fired Boiler Market. On the other hand gas fired boilers were used in the residential sectors which helped the market a bit. As the number of cases are on a decline and restrictions being removed the Gas Fired Boiler Market is expected to see a rise in the coming years.

    MARKET PLAYERS
    The report covers vital developments in the Gas Fired Boiler Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Gas Fired Boiler Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Gas Fired Boiler Market. Below mentioned is the list of a few companies engaged in the Gas Fired Boiler Market.
    The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Gas Fired Boiler Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

    •  Babcock & Wilcox
    •  Fulton Boiler Works
    •  Forbes Marshall
    •  Thermax
    •  General Electric
    •  Hurst Boiler and Welding
    •  Alfa Laval AB
    •  Thermodyne Engineering Systems
    •  Thyssenkrupp AG
    •  Bosch Industriekessel Gmbh
    •  Bradford White Corporation
      • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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  • Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    TABLE OF CONTENTS

    1.INTRODUCTION
    1.1.SCOPE OF THE STUDY
    1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
    1.3.MARKET SEGMENTATION
    1.3.1Gas Fired Boiler Market - By Fuel Type
    1.3.2Gas Fired Boiler Market - By Capacity
    1.3.3Gas Fired Boiler Market - By Type
    1.3.4Gas Fired Boiler Market - By End User
    1.3.5Gas Fired Boiler Market - By Region
    1.3.5.1By Country

    2.KEY TAKEAWAYS

    3.RESEARCH METHODOLOGY

    4.GAS FIRED BOILER MARKET LANDSCAPE
    4.1.OVERVIEW
    4.2.PEST ANALYSIS
    4.2.1North America - Pest Analysis
    4.2.2Europe - Pest Analysis
    4.2.3Asia-Pacific - Pest Analysis
    4.2.4Middle East and Africa - Pest Analysis
    4.2.5South and Central America - Pest Analysis
    4.3.EXPERT OPINIONS

    5.GAS FIRED BOILER MARKET - KEY MARKET DYNAMICS
    5.1.KEY MARKET DRIVERS
    5.2.KEY MARKET RESTRAINTS
    5.3.KEY MARKET OPPORTUNITIES
    5.4.FUTURE TRENDS
    5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

    6.GAS FIRED BOILER MARKET - GLOBAL MARKET ANALYSIS
    6.1.GAS FIRED BOILER - GLOBAL MARKET OVERVIEW
    6.2.GAS FIRED BOILER - GLOBAL MARKET AND FORECAST TO 2028
    6.3.MARKET POSITIONING

    7.GAS FIRED BOILER MARKET - REVENUE AND FORECASTS TO 2028 " FUEL TYPE
    7.1.OVERVIEW
    7.2.FUEL TYPE MARKET FORECASTS AND ANALYSIS
    7.3.LPG
    7.3.1.Overview
    7.3.2.LPG Market Forecast and Analysis
    7.4.CNG
    7.4.1.Overview
    7.4.2.CNG Market Forecast and Analysis
    7.5.BIOGAS
    7.5.1.Overview
    7.5.2.Biogas Market Forecast and Analysis
    7.6.LNG
    7.6.1.Overview
    7.6.2.LNG Market Forecast and Analysis
    8.GAS FIRED BOILER MARKET - REVENUE AND FORECASTS TO 2028 " CAPACITY
    8.1.OVERVIEW
    8.2.CAPACITY MARKET FORECASTS AND ANALYSIS
    8.3.LESS THAN 10 MMBTU/HR
    8.3.1.Overview
    8.3.2.Less than 10 Mmbtu/hr Market Forecast and Analysis
    8.4.10-50 MMBTU/HR
    8.4.1.Overview
    8.4.2.10-50 Mmbtu/hr Market Forecast and Analysis
    8.5.50-100 MMBTU/HR
    8.5.1.Overview
    8.5.2.50-100 Mmbtu/hr Market Forecast and Analysis
    8.6.MORE THAN 100 MMBTU/HR
    8.6.1.Overview
    8.6.2.More than 100 Mmbtu/hr Market Forecast and Analysis
    9.GAS FIRED BOILER MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
    9.1.OVERVIEW
    9.2.TYPE MARKET FORECASTS AND ANALYSIS
    9.3.VERTICAL
    9.3.1.Overview
    9.3.2.Vertical Market Forecast and Analysis
    9.4.HORIZONTAL
    9.4.1.Overview
    9.4.2.Horizontal Market Forecast and Analysis
    10.GAS FIRED BOILER MARKET - REVENUE AND FORECASTS TO 2028 " END USER
    10.1.OVERVIEW
    10.2.END USER MARKET FORECASTS AND ANALYSIS
    10.3.RESIDENTIAL
    10.3.1.Overview
    10.3.2.Residential Market Forecast and Analysis
    10.4.COMMERCIAL
    10.4.1.Overview
    10.4.2.Commercial Market Forecast and Analysis
    10.5.INDUSTRIAL
    10.5.1.Overview
    10.5.2.Industrial Market Forecast and Analysis

    11.GAS FIRED BOILER MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
    11.1.NORTH AMERICA
    11.1.1North America Gas Fired Boiler Market Overview
    11.1.2North America Gas Fired Boiler Market Forecasts and Analysis
    11.1.3North America Gas Fired Boiler Market Forecasts and Analysis - By Fuel Type
    11.1.4North America Gas Fired Boiler Market Forecasts and Analysis - By Capacity
    11.1.5North America Gas Fired Boiler Market Forecasts and Analysis - By Type
    11.1.6North America Gas Fired Boiler Market Forecasts and Analysis - By End User
    11.1.7North America Gas Fired Boiler Market Forecasts and Analysis - By Countries
    11.1.7.1United States Gas Fired Boiler Market
    11.1.7.1.1United States Gas Fired Boiler Market by Fuel Type
    11.1.7.1.2United States Gas Fired Boiler Market by Capacity
    11.1.7.1.3United States Gas Fired Boiler Market by Type
    11.1.7.1.4United States Gas Fired Boiler Market by End User
    11.1.7.2Canada Gas Fired Boiler Market
    11.1.7.2.1Canada Gas Fired Boiler Market by Fuel Type
    11.1.7.2.2Canada Gas Fired Boiler Market by Capacity
    11.1.7.2.3Canada Gas Fired Boiler Market by Type
    11.1.7.2.4Canada Gas Fired Boiler Market by End User
    11.1.7.3Mexico Gas Fired Boiler Market
    11.1.7.3.1Mexico Gas Fired Boiler Market by Fuel Type
    11.1.7.3.2Mexico Gas Fired Boiler Market by Capacity
    11.1.7.3.3Mexico Gas Fired Boiler Market by Type
    11.1.7.3.4Mexico Gas Fired Boiler Market by End User
    11.2.EUROPE
    11.2.1Europe Gas Fired Boiler Market Overview
    11.2.2Europe Gas Fired Boiler Market Forecasts and Analysis
    11.2.3Europe Gas Fired Boiler Market Forecasts and Analysis - By Fuel Type
    11.2.4Europe Gas Fired Boiler Market Forecasts and Analysis - By Capacity
    11.2.5Europe Gas Fired Boiler Market Forecasts and Analysis - By Type
    11.2.6Europe Gas Fired Boiler Market Forecasts and Analysis - By End User
    11.2.7Europe Gas Fired Boiler Market Forecasts and Analysis - By Countries
    11.2.7.1Germany Gas Fired Boiler Market
    11.2.7.1.1Germany Gas Fired Boiler Market by Fuel Type
    11.2.7.1.2Germany Gas Fired Boiler Market by Capacity
    11.2.7.1.3Germany Gas Fired Boiler Market by Type
    11.2.7.1.4Germany Gas Fired Boiler Market by End User
    11.2.7.2France Gas Fired Boiler Market
    11.2.7.2.1France Gas Fired Boiler Market by Fuel Type
    11.2.7.2.2France Gas Fired Boiler Market by Capacity
    11.2.7.2.3France Gas Fired Boiler Market by Type
    11.2.7.2.4France Gas Fired Boiler Market by End User
    11.2.7.3Italy Gas Fired Boiler Market
    11.2.7.3.1Italy Gas Fired Boiler Market by Fuel Type
    11.2.7.3.2Italy Gas Fired Boiler Market by Capacity
    11.2.7.3.3Italy Gas Fired Boiler Market by Type
    11.2.7.3.4Italy Gas Fired Boiler Market by End User
    11.2.7.4Spain Gas Fired Boiler Market
    11.2.7.4.1Spain Gas Fired Boiler Market by Fuel Type
    11.2.7.4.2Spain Gas Fired Boiler Market by Capacity
    11.2.7.4.3Spain Gas Fired Boiler Market by Type
    11.2.7.4.4Spain Gas Fired Boiler Market by End User
    11.2.7.5United Kingdom Gas Fired Boiler Market
    11.2.7.5.1United Kingdom Gas Fired Boiler Market by Fuel Type
    11.2.7.5.2United Kingdom Gas Fired Boiler Market by Capacity
    11.2.7.5.3United Kingdom Gas Fired Boiler Market by Type
    11.2.7.5.4United Kingdom Gas Fired Boiler Market by End User
    11.2.7.6Russia Gas Fired Boiler Market
    11.2.7.6.1Russia Gas Fired Boiler Market by Fuel Type
    11.2.7.6.2Russia Gas Fired Boiler Market by Capacity
    11.2.7.6.3Russia Gas Fired Boiler Market by Type
    11.2.7.6.4Russia Gas Fired Boiler Market by End User
    11.2.7.7Rest of Europe Gas Fired Boiler Market
    11.2.7.7.1Rest of Europe Gas Fired Boiler Market by Fuel Type
    11.2.7.7.2Rest of Europe Gas Fired Boiler Market by Capacity
    11.2.7.7.3Rest of Europe Gas Fired Boiler Market by Type
    11.2.7.7.4Rest of Europe Gas Fired Boiler Market by End User
    11.3.ASIA-PACIFIC
    11.3.1Asia-Pacific Gas Fired Boiler Market Overview
    11.3.2Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis
    11.3.3Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis - By Fuel Type
    11.3.4Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis - By Capacity
    11.3.5Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis - By Type
    11.3.6Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis - By End User
    11.3.7Asia-Pacific Gas Fired Boiler Market Forecasts and Analysis - By Countries
    11.3.7.1Australia Gas Fired Boiler Market
    11.3.7.1.1Australia Gas Fired Boiler Market by Fuel Type
    11.3.7.1.2Australia Gas Fired Boiler Market by Capacity
    11.3.7.1.3Australia Gas Fired Boiler Market by Type
    11.3.7.1.4Australia Gas Fired Boiler Market by End User
    11.3.7.2China Gas Fired Boiler Market
    11.3.7.2.1China Gas Fired Boiler Market by Fuel Type
    11.3.7.2.2China Gas Fired Boiler Market by Capacity
    11.3.7.2.3China Gas Fired Boiler Market by Type
    11.3.7.2.4China Gas Fired Boiler Market by End User
    11.3.7.3India Gas Fired Boiler Market
    11.3.7.3.1India Gas Fired Boiler Market by Fuel Type
    11.3.7.3.2India Gas Fired Boiler Market by Capacity
    11.3.7.3.3India Gas Fired Boiler Market by Type
    11.3.7.3.4India Gas Fired Boiler Market by End User
    11.3.7.4Japan Gas Fired Boiler Market
    11.3.7.4.1Japan Gas Fired Boiler Market by Fuel Type
    11.3.7.4.2Japan Gas Fired Boiler Market by Capacity
    11.3.7.4.3Japan Gas Fired Boiler Market by Type
    11.3.7.4.4Japan Gas Fired Boiler Market by End User
    11.3.7.5South Korea Gas Fired Boiler Market
    11.3.7.5.1South Korea Gas Fired Boiler Market by Fuel Type
    11.3.7.5.2South Korea Gas Fired Boiler Market by Capacity
    11.3.7.5.3South Korea Gas Fired Boiler Market by Type
    11.3.7.5.4South Korea Gas Fired Boiler Market by End User
    11.3.7.6Rest of Asia-Pacific Gas Fired Boiler Market
    11.3.7.6.1Rest of Asia-Pacific Gas Fired Boiler Market by Fuel Type
    11.3.7.6.2Rest of Asia-Pacific Gas Fired Boiler Market by Capacity
    11.3.7.6.3Rest of Asia-Pacific Gas Fired Boiler Market by Type
    11.3.7.6.4Rest of Asia-Pacific Gas Fired Boiler Market by End User
    11.4.MIDDLE EAST AND AFRICA
    11.4.1Middle East and Africa Gas Fired Boiler Market Overview
    11.4.2Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis
    11.4.3Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis - By Fuel Type
    11.4.4Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis - By Capacity
    11.4.5Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis - By Type
    11.4.6Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis - By End User
    11.4.7Middle East and Africa Gas Fired Boiler Market Forecasts and Analysis - By Countries
    11.4.7.1South Africa Gas Fired Boiler Market
    11.4.7.1.1South Africa Gas Fired Boiler Market by Fuel Type
    11.4.7.1.2South Africa Gas Fired Boiler Market by Capacity
    11.4.7.1.3South Africa Gas Fired Boiler Market by Type
    11.4.7.1.4South Africa Gas Fired Boiler Market by End User
    11.4.7.2Saudi Arabia Gas Fired Boiler Market
    11.4.7.2.1Saudi Arabia Gas Fired Boiler Market by Fuel Type
    11.4.7.2.2Saudi Arabia Gas Fired Boiler Market by Capacity
    11.4.7.2.3Saudi Arabia Gas Fired Boiler Market by Type
    11.4.7.2.4Saudi Arabia Gas Fired Boiler Market by End User
    11.4.7.3U.A.E Gas Fired Boiler Market
    11.4.7.3.1U.A.E Gas Fired Boiler Market by Fuel Type
    11.4.7.3.2U.A.E Gas Fired Boiler Market by Capacity
    11.4.7.3.3U.A.E Gas Fired Boiler Market by Type
    11.4.7.3.4U.A.E Gas Fired Boiler Market by End User
    11.4.7.4Rest of Middle East and Africa Gas Fired Boiler Market
    11.4.7.4.1Rest of Middle East and Africa Gas Fired Boiler Market by Fuel Type
    11.4.7.4.2Rest of Middle East and Africa Gas Fired Boiler Market by Capacity
    11.4.7.4.3Rest of Middle East and Africa Gas Fired Boiler Market by Type
    11.4.7.4.4Rest of Middle East and Africa Gas Fired Boiler Market by End User
    11.5.SOUTH AND CENTRAL AMERICA
    11.5.1South and Central America Gas Fired Boiler Market Overview
    11.5.2South and Central America Gas Fired Boiler Market Forecasts and Analysis
    11.5.3South and Central America Gas Fired Boiler Market Forecasts and Analysis - By Fuel Type
    11.5.4South and Central America Gas Fired Boiler Market Forecasts and Analysis - By Capacity
    11.5.5South and Central America Gas Fired Boiler Market Forecasts and Analysis - By Type
    11.5.6South and Central America Gas Fired Boiler Market Forecasts and Analysis - By End User
    11.5.7South and Central America Gas Fired Boiler Market Forecasts and Analysis - By Countries
    11.5.7.1Brazil Gas Fired Boiler Market
    11.5.7.1.1Brazil Gas Fired Boiler Market by Fuel Type
    11.5.7.1.2Brazil Gas Fired Boiler Market by Capacity
    11.5.7.1.3Brazil Gas Fired Boiler Market by Type
    11.5.7.1.4Brazil Gas Fired Boiler Market by End User
    11.5.7.2Argentina Gas Fired Boiler Market
    11.5.7.2.1Argentina Gas Fired Boiler Market by Fuel Type
    11.5.7.2.2Argentina Gas Fired Boiler Market by Capacity
    11.5.7.2.3Argentina Gas Fired Boiler Market by Type
    11.5.7.2.4Argentina Gas Fired Boiler Market by End User
    11.5.7.3Rest of South and Central America Gas Fired Boiler Market
    11.5.7.3.1Rest of South and Central America Gas Fired Boiler Market by Fuel Type
    11.5.7.3.2Rest of South and Central America Gas Fired Boiler Market by Capacity
    11.5.7.3.3Rest of South and Central America Gas Fired Boiler Market by Type
    11.5.7.3.4Rest of South and Central America Gas Fired Boiler Market by End User

    12.INDUSTRY LANDSCAPE
    12.1.MERGERS AND ACQUISITIONS
    12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
    12.3.NEW PRODUCT LAUNCHES
    12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

    13.GAS FIRED BOILER MARKET, KEY COMPANY PROFILES
    13.1.BABCOCK AND WILCOX
    13.1.1.Key Facts
    13.1.2.Business Description
    13.1.3.Products and Services
    13.1.4.Financial Overview
    13.1.5.SWOT Analysis
    13.1.6.Key Developments
    13.2.FULTON BOILER WORKS
    13.2.1.Key Facts
    13.2.2.Business Description
    13.2.3.Products and Services
    13.2.4.Financial Overview
    13.2.5.SWOT Analysis
    13.2.6.Key Developments
    13.3.FORBES MARSHALL
    13.3.1.Key Facts
    13.3.2.Business Description
    13.3.3.Products and Services
    13.3.4.Financial Overview
    13.3.5.SWOT Analysis
    13.3.6.Key Developments
    13.4.THERMAX
    13.4.1.Key Facts
    13.4.2.Business Description
    13.4.3.Products and Services
    13.4.4.Financial Overview
    13.4.5.SWOT Analysis
    13.4.6.Key Developments
    13.5.GENERAL ELECTRIC
    13.5.1.Key Facts
    13.5.2.Business Description
    13.5.3.Products and Services
    13.5.4.Financial Overview
    13.5.5.SWOT Analysis
    13.5.6.Key Developments
    13.6.HURST BOILER AND WELDING
    13.6.1.Key Facts
    13.6.2.Business Description
    13.6.3.Products and Services
    13.6.4.Financial Overview
    13.6.5.SWOT Analysis
    13.6.6.Key Developments
    13.7.ALFA LAVAL AB
    13.7.1.Key Facts
    13.7.2.Business Description
    13.7.3.Products and Services
    13.7.4.Financial Overview
    13.7.5.SWOT Analysis
    13.7.6.Key Developments
    13.8.THERMODYNE ENGINEERING SYSTEMS
    13.8.1.Key Facts
    13.8.2.Business Description
    13.8.3.Products and Services
    13.8.4.Financial Overview
    13.8.5.SWOT Analysis
    13.8.6.Key Developments
    13.9.THYSSENKRUPP AG
    13.9.1.Key Facts
    13.9.2.Business Description
    13.9.3.Products and Services
    13.9.4.Financial Overview
    13.9.5.SWOT Analysis
    13.9.6.Key Developments
    13.10.BOSCH INDUSTRIEKESSEL GMBH
    13.10.1.Key Facts
    13.10.2.Business Description
    13.10.3.Products and Services
    13.10.4.Financial Overview
    13.10.5.SWOT Analysis
    13.10.6.Key Developments
    13.11.BRADFORD WHITE CORPORATION
    13.11.1.Key Facts
    13.11.2.Business Description
    13.11.3.Products and Services
    13.11.4.Financial Overview
    13.11.5.SWOT Analysis
    13.11.6.Key Developments

    14.APPENDIX
    14.1.ABOUT THE INSIGHT PARTNERS
    14.2.GLOSSARY OF TERMS
    The List of Companies

    1.Babcock and Wilcox
    2.Fulton Boiler Works
    3.Forbes Marshall
    4.Thermax
    5.General Electric
    6.Hurst Boiler and Welding
    7.Alfa Laval AB
    8.Thermodyne Engineering Systems
    9.Thyssenkrupp AG
    10.Bosch Industriekessel Gmbh
    11.Bradford White Corporation

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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