Package Boilers (Fire-Tube, Water-Tube, Electric) Market 2017 – Global Forecast to 2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Package
Boilers Market by Type (Fire-Tube, Water-Tube, Electric), Fuel (Oil,
Gas, Biomass), Design (D-Type, A-Type, O-Type), End-Use Industry (Food &
Beverage, Chemical, Oil & Gas, Paper & Pulp), and Region – Global
Forecast to 2022" report has been added to Research and
Markets' offering.

The package boilers market is estimated to be USD 8.92 Billion in 2017
and is projected to reach USD 11.06 Billion by 2022, at a CAGR of 4.40%
from 2017 to 2022.

This growth can be attributed to the increased demand for package
boilers from the food & beverage industry. The demand for package
boilers is growing significantly across various regions worldwide, due
to advantages associated with the use of package boilers, such as easy
installation and low maintenance costs as compared to large industrial
boilers. Furthermore, research & development activities are being
carried to enhance the features of package boilers.

The package boilers market in the Asia Pacific region is projected to
grow at the highest CAGR during the forecast period. Rapid
industrialization and infrastructural developments in the Asia Pacific
region offer lucrative growth opportunities to manufacturers of package
boilers.

However, the formulation of stringent emission standards is acting as a
key restraint to the growth of the package boilers market.

Market Dynamics

Drivers

• Increasing Demand for Package Boilers in the Food & Beverage Industry

Restraints

• Stringent Government Regulations for Meeting Emission Standards

Opportunities

• Adoption of Burner Technology for Reducing NOX Emissions
• Growing Focus on Clean and Renewable Energy Sources

Challenges

• Boiler Efficiency and Steam Quality
• High R&D Investments

Companies Mentioned

• Aalborg Engineering A/S
• Aerco International Inc.
• Amec Foster Wheeler PLC
• Babcock & Wilcox Enterprises, Inc.
• Calderas Powermaster
• Cleaver-Brooks, Inc.
• English Boiler and Tube, Inc.
• Forbes Marshall Private Limited
• Fulton
• Hurst Boiler & Welding Company, Inc.
• IHI Corporation
• John Thompson
• Johnston Boiler Company
• Kawasaki Thermal Engineering Co., Ltd.
• Mackenzie Industries
• Microtech Boilers Private Limited
• Mitsubishi Hitachi Power Systems, Ltd.
• Miura
• Parker Boiler Company
• Rentec Boilers Systems
• Superior Boiler Works, Inc.
• Thermax Limited
• Vapor Power International, LLC
• Williams & Davis Boilers
• York-Shipley Global

For more information about this report visit https://www.researchandmarkets.com/research/34cfxd/package_boilers

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Related
Topics: HVAC
(Heating, Ventilation, and Air Conditioning), Heat
Exchangers and Cooling Towers