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Technavio’s market research analysts predict the global boiler water treatment market to grow steadily during the next four years and post a CAGR of more than 3% by 2020. This industry research report identifies the increasing demand for electricity to be one of the major factors that will have a positive impact on the growth of the boiler treatment market in the coming years. The rise in industrialization and the constantly increasing population result in a significant increase in the demand for electricity across the world. Several countries around the globe still depend on coal-fired power plants to generate electricity owing to its capacity to provide uninterrupted power supply, which in turn, will drive the demand for power boilers. Additionally, the rise in number of power plant installations in several countries in the APAC and Africa and the replacement of inefficient power boilers, will also drive the demand for power boilers. This will subsequently result in increasing the demand for boiler water treatment systems, propelling market growth.
The use of diagnostic tools for preventive maintenance of boilers will be one of the major trends that will gain traction in the boiler feed water treatment market in the coming years. To predict and identify possible areas of corrosion, scaling, and other faults on a regular basis, several industries have started adopting predictive maintenance technologies such as infrared thermography, ultrasonic noise detection, non-destructive thickness testing, and visual inspection. Since this enables industries to take corrective measures in the boiler water treatment process and maintain the boiler feedwater, the next few years will witness an exponential increase in the adoption of diagnostic tools.
Characterized by the presence of several international and regional vendors, this market appears to be fragmented. Few major companies that have a huge capital and enhanced geographic presence dominate the market. Whereas, smaller companies focus more on the regional market and provide only a limited number of products and services. Acquiring smaller or regional companies is one of the major strategies followed by major boiler water treatment companies to enhance their customer base and increase revenue shares. Moreover, vendors are also increasing their R&D investments and are focusing on introducing innovative products that will help them increase their revenue shares.
The leading vendors in the market are -
The other prominent vendors in the market are AkzoNobel, B&V Group (SUEZ), BASF, Chem-Aqua, Clarity Water Technologies, Dew Speciality Chemical, Garratt-Callahan, and Kurita Water Industries.
Accounting for the major market shares, the chemical industry dominated the market during 2015. Factors such as the constant rise in usage of chemicals as raw materials by the manufacturing sector and the decline in prices of chemicals, will propel the market’s growth prospects in this industry.
This market study estimates that in terms of geographical regions, APAC will be the major revenue contributor to the market throughout the predicted period. This mainly attributes to the increasing demand for electricity and the rise in focus of several countries in the region towards infrastructure development. Moreover, the expansion of existing refineries in the refining and petrochemicals industry will also drive the growth of the market in this region. Analysts predict that countries such as China, India, Australia, South Korea, Taiwan, Singapore, and Japan will account for the major market shares.
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Due to the present climatic conditions, the fresh water content in most geographical locations has seen a significant reduction, leading to an increased demand for the supply of water. The boiler water treatment is used to purify the raw water and provide clean water. To avoid the scale, corrosion or foaming, different types of water treatment procedures are used in different locations. Before the raw water supplies can reach the boiler, the impurities are removed using external treatment. Before the water can be trickled down to boiler blowdown, the water undergoes internal treatment. Few of the key vendors associated with global boiler water treatment market are NALCO, Lentech, and GE Water.
The report, global boiler water treatment market, is part of Technavio’s energy research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as energy storage, power, oil and gas, smart grid, and waste and waste management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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