Industrial Boilers Procurement Research – Market Trends and Spend Analysis by SpendEdge

March 26, 2018

LONDON–(BUSINESS WIRE)–#boilers–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Industrial
Boilers Market Procurement Research Report.’ The insights and
data in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the heavy
industry. This report breaks down the data and analysis behind
the procurement of industrial boilers and acts as an all-inclusive guide
for making smart purchasing decisions.

“The global demand for industrial boilers can be attributed to an
increase in the number of E&P activities in the oil and gas industry
owing to the gradual recovery of oil prices,” says SpendEdge procurement
analyst Anil Seth. “Also, suppliers in this market space are
increasingly investing in R&D to improve efficiency and reduce emissions
to remain compliant with stringent regulations pertaining to emissions,”
added Anil.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global
Industrial Boilers Market:

Growing adoption of efficiency monitoring systems
Rise in the participation of suppliers in boiler associations worldwide
Increasing JVs among suppliers

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Growing adoption of efficiency monitoring systems:

The increase in adoption of efficiency monitoring systems globally can
be attributed to their real-time monitoring capability and
cost-effectiveness when compared with large CEMS systems that are
usually used for similar functionalities. These systems comprise of a
PLC along with a touchscreen and an advanced electrochemical analyzer.
Moreover, they are capable of working independently. Also, these systems
are relatively economical when compared with conventional emissions and
efficiency monitoring systems.

Rise in the participation of suppliers in boiler associations
worldwide:

Several organizations across regions such as ABMA, CIBO, and ABSA
primarily aim at providing advocacy, education, and awareness to both
buyers and suppliers of industrial boilers. These associations also
serve as a platform for buyers that help them in understanding the
industry best practices and factors to be considered while procuring
industrial boilers. Also, it enables suppliers to manufacture boilers to
suit the specific needs of buyers across various industrial segments.

Increasing JVs among suppliers:

Engaging in JV’s help suppliers in leveraging each other's information
and resources to sustain and thrive in a competitive market. In fact,
leveraging each other’s technology and resources help in developing
boilers that perform better. JVs assist the buyers in increasing the
efficiency of boilers and also controls emissions, thereby enhancing the
overall performance of the industrial boilers.

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