Steam Boiler System Market is projected to reach USD 21.63 billion by 2027 at a CAGR of 4% from an estimated USD 17.66 billion in 2018.
The growth of the Steam Boiler Systems market has been driven primarily by the increasing use of steam boilers in various end-user industries such as power generation, oil and gas, chemicals, process industries, metals and mining. The chemical industry is expected to grow at the highest CAGR in Asia Pacific due to large investments during the forecast period.
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Major players operating in the steam boiler system market include Bosch (Germany), GE (US), Alfa Laval (Sweden), Thermax (India), Cochran (UK), Viessmann (Germany), and Doosan (South Korea).
By Component
- Boiler
- Economizer
- Superheater
- Air Preheater
- Feed Pump
By Type
- Water tube Boiler
- Fire tube Boiler
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Scope of the Report
The research study analyzes the global Steam Boiler System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Steam Boiler System Market Report
1. What was the Steam Boiler System Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Steam Boiler System Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Steam Boiler System Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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