Fuel Flexible Boiler Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022 Pages: 131 SKU: IRTNTR72897

The fuel flexible boiler market share is expected to increase by USD 1.26 billion from 2021 to 2026, at a CAGR of 4.47%.

The market report offers information on several market vendors, including AE and E Nanjing Boiler Co. Ltd., Alfa Laval Corporate AB, ALSTOM SA, Andritz AG, Babcock and Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Cheema Boilers Ltd., Doosan Heavy Industries and Construction Co. Ltd., Fluor Corp., General Electric Co., Larsen and Toubro Ltd., Mitsubishi Heavy Industries Ltd., Parker Boiler Co., RAJDEEP BOILER PVT. LTD., Shanghai Electric Group Co. Ltd., Thermax Ltd., thyssenkrupp Industries India Pvt. Ltd., Walchandnagar Industries Ltd., Zhengzhou Boiler (Group) Co. Ltd., and Siemens AG among others. This market research report also extensively covers market segmentation by end-user (food and beverages, chemicals and petrochemicals, pulp and paper, oil and gas, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America).

What will the Fuel Flexible Boiler Market Size be During the Forecast Period?

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Fuel Flexible Boiler Market: Key Drivers, Trends, and Challenges

The increasing need for natural gas thermal power generation is notably driving the market growth, although factors such as resistance to slagging, fouling, and corrosion may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fuel flexible boiler industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Fuel Flexible Boiler Market Driver

One of the key factors driving the global market growth is the increasing need for natural gas thermal power generation. To produce electricity, natural gas is used as fuel to run gas turbines. With the growing crisis of natural resource depletion, natural gas is an affordable option that generates electricity. Furthermore, natural gas plants are quick to build overbuilding nuclear or coal power generation plants. Also, the air quality tends to improve as smog emission reduces when switching to natural gas plants from coal plants. These factors will increase the usage of fuel flexible boilers in the natural gas thermal power plant. Between 2020 and 2050, in the AEO2021 reference model, the demand for geothermal power generation will significantly increase from coal industries. Thus, such contributing factors will drive the global market during the forecast period.

Key Fuel Flexible Boiler Market Trend

Shifting trends toward low-emission natural gas is one of the key market trends that is expected to impact the industry positively in the forecast period. According to the US Environmental Protection Agency, methane emissions, from natural gas and petroleum systems, as well as abandoned oil and natural gas wells, accounted for around 29% of total US methane emissions and 30% of the total greenhouse gas emissions in 2019. Natural gas emits about 117 pounds of carbon dioxide per million British thermal units (MMBtu), compared to more than 200 pounds per MMBtu from coal and more than 160 pounds per MMBtu from distillate fuel oil. Thus, the governments are now taking positive steps in the right direction. More than 110 countries, including the European Union, Japan, and South Korea, have committed to carbon neutrality by 2050; China has stated that it will do it before 2060. Such factors will further support the market in the coming years.

Key Fuel Flexible Boiler Market Challenge

One of the key challenges to global market growth is resistance to slagging, fouling, and corrosion. Slagging accidents are projected to cost the worldwide utility business several billion dollars per year in lost power generation and equipment repair. Corrosion in boiler furnaces mainly occurs due to two reasons, mostly when dissolved oxygen enters the system through the feed water. Low pH within the boiler furnace is another prominent cause of corrosion in boiler systems. Carbon dioxide infiltration or contamination by other substances could cause the pH to drop. The oxygen creates pitting, which is usually localized. Pits are small but deep pinpoint holes that can eventually puncture tube walls, causing them to fall. Therefore, it is a major restraining factor for the global market during the forecast period.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Fuel Flexible Boiler Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AE and E Nanjing Boiler Co. Ltd.
  • Alfa Laval Corporate AB
  • ALSTOM SA
  • Andritz AG
  • Babcock and Wilcox Enterprises Inc.
  • Bharat Heavy Electricals Ltd.
  • Cheema Boilers Ltd.
  • Doosan Heavy Industries and Construction Co. Ltd.
  • Fluor Corp.
  • General Electric Co.
  • Larsen and Toubro Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Parker Boiler Co.
  • RAJDEEP BOILER PVT. LTD.
  • Shanghai Electric Group Co. Ltd.
  • Thermax Ltd.
  • thyssenkrupp Industries India Pvt. Ltd.
  • Walchandnagar Industries Ltd.
  • Zhengzhou Boiler (Group) Co. Ltd.
  • Siemens AG

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as investments in R&D and continuous efforts to improve their product visibility to compete in the market.

Product Insights and News

  • AE and E Nanjing Boiler Co. Ltd. - The company manufactures heat recovery steam generators, special boilers, power plant boilers, industry boilers, environment new energy equipment, and pressure vessels. 
  • AE and E Nanjing Boiler Co. Ltd. - The company offers coal-fired boilers, oil and gas boiler, and electric boiler under the industrial boiler. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Parent Market Analysis

Technavio categorizes the global fuel flexible boiler market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Which are the Key Regions for Fuel Flexible Boiler Market?

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48% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for fuel flexible boilers in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing urbanization and industrial development, particularly in emerging economies such as China, India, Malaysia, Thailand, and Vietnam will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

Fuel Flexible Boiler Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating End-user Segments in the Fuel Flexible Boiler Market?

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The market share growth by the food and beverages segment will be significant during the forecast period. The fuel-flexible boiler, such as gas fuel boilers, have advantages over regular boilers as they are of low pollution, have fuel channels, do not require storage room, save land usage, and have low infrastructure costs. Such factors will drive segment growth in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Fuel Flexible Boiler Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.47%

Market growth 2022-2026

$ 1.26 billion

Market structure

Fragmented

YoY growth (%)

4.89

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 48%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AE and E Nanjing Boiler Co. Ltd., Alfa Laval Corporate AB, ALSTOM SA, Andritz AG, Babcock and Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Cheema Boilers Ltd., Doosan Heavy Industries and Construction Co. Ltd., Fluor Corp., General Electric Co., Larsen and Toubro Ltd., Mitsubishi Heavy Industries Ltd., Parker Boiler Co., RAJDEEP BOILER PVT. LTD., Shanghai Electric Group Co. Ltd., Thermax Ltd., thyssenkrupp Industries India Pvt. Ltd., Walchandnagar Industries Ltd., Zhengzhou Boiler (Group) Co. Ltd., and Siemens AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Fuel Flexible Boiler Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the fuel flexible boiler industry across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Food and beverages - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Food and beverages - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Food and beverages - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Food and beverages - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Food and beverages - Year-over-year growth 2021-2026 (%)
    • 5.4 Chemicals and petrochemicals - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Chemicals and petrochemicals - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Chemicals and petrochemicals - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Chemicals and petrochemicals - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Chemicals and petrochemicals - Year-over-year growth 2021-2026 (%)
    • 5.5 Pulp and paper - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Pulp and paper - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Pulp and paper - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Pulp and paper - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Pulp and paper - Year-over-year growth 2021-2026 (%)
    • 5.6 Oil and gas - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Oil and gas - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Oil and gas - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Oil and gas - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Oil and gas - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 48: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 AE and E Nanjing Boiler Co. Ltd.
              • Exhibit 101: AE and E Nanjing Boiler Co. Ltd. - Overview
              • Exhibit 102: AE and E Nanjing Boiler Co. Ltd. - Product / Service
              • Exhibit 103: AE and E Nanjing Boiler Co. Ltd. - Key offerings
            • 10.4 Alfa Laval Corporate AB
              • Exhibit 104: Alfa Laval Corporate AB - Overview
              • Exhibit 105: Alfa Laval Corporate AB - Business segments
              • Exhibit 106: Alfa Laval Corporate AB - Key news
              • Exhibit 107: Alfa Laval Corporate AB - Key offerings
              • Exhibit 108: Alfa Laval Corporate AB - Segment focus
            • 10.5 ALSTOM SA
              • Exhibit 109: ALSTOM SA - Overview
              • Exhibit 110: ALSTOM SA - Business segments
              • Exhibit 111: ALSTOM SA - Key news
              • Exhibit 112: ALSTOM SA - Key offerings
              • Exhibit 113: ALSTOM SA - Segment focus
            • 10.6 Bharat Heavy Electricals Ltd.
              • Exhibit 114: Bharat Heavy Electricals Ltd. - Overview
              • Exhibit 115: Bharat Heavy Electricals Ltd. - Business segments
              • Exhibit 116: Bharat Heavy Electricals Ltd. - Key news
              • Exhibit 117: Bharat Heavy Electricals Ltd. - Key offerings
              • Exhibit 118: Bharat Heavy Electricals Ltd. - Segment focus
            • 10.7 Doosan Heavy Industries and Construction Co. Ltd.
              • Exhibit 119: Doosan Heavy Industries and Construction Co. Ltd. - Overview
              • Exhibit 120: Doosan Heavy Industries and Construction Co. Ltd. - Business segments
              • Exhibit 121: Doosan Heavy Industries and Construction Co. Ltd. - Key offerings
              • Exhibit 122: Doosan Heavy Industries and Construction Co. Ltd. - Segment focus
            • 10.8 Larsen and Toubro Ltd.
              • Exhibit 123: Larsen and Toubro Ltd. - Overview
              • Exhibit 124: Larsen and Toubro Ltd. - Business segments
              • Exhibit 125: Larsen and Toubro Ltd. - Key news
              • Exhibit 126: Larsen and Toubro Ltd. - Key offerings
              • Exhibit 127: Larsen and Toubro Ltd. - Segment focus
            • 10.9 Mitsubishi Heavy Industries Ltd.
              • Exhibit 128: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 129: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 130: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 131: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 132: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 10.10 Shanghai Electric Group Co. Ltd.
              • Exhibit 133: Shanghai Electric Group Co. Ltd. - Overview
              • Exhibit 134: Shanghai Electric Group Co. Ltd. - Product / Service
              • Exhibit 135: Shanghai Electric Group Co. Ltd. - Key offerings
            • 10.11 Siemens AG
              • Exhibit 136: Siemens AG - Overview
              • Exhibit 137: Siemens AG - Business segments
              • Exhibit 138: Siemens AG - Key news
              • Exhibit 139: Siemens AG - Key offerings
              • Exhibit 140: Siemens AG - Segment focus
            • 10.12 thyssenkrupp Industries India Pvt. Ltd.
              • Exhibit 141: thyssenkrupp Industries India Pvt. Ltd. - Overview
              • Exhibit 142: thyssenkrupp Industries India Pvt. Ltd. - Product / Service
              • Exhibit 143: thyssenkrupp Industries India Pvt. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 144: Inclusions checklist
                • Exhibit 145: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 146: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 147: Research methodology
                • Exhibit 148: Validation techniques employed for market sizing
                • Exhibit 149: Information sources
              • 11.5 List of abbreviations
                • Exhibit 150: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              fuel flexible boiler market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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