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Global Packaged Boiler Market 2016-2020

  • Published: Aug 2016
  • Pages: 67
  • SKU: IRTNTR10328
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This industry research report identifies Alfa Laval, Doosan, Forbes Marshall, Mitsubishi Hitachi, and Thermax as the key vendors in the global packaged boiler market. This report also presents a competitive analysis of the market by end-users (chemical, food and beverage, oil and gas, paper and pulp, textile, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global packaged boiler market

Market research analysts at Technavio have predicted that the global packaged boiler market will grow steadily in the next four years and will post a CAGR of more than 5% by 2020. This market research analysis identifies the demand for uninterrupted steam supply as one of the primary growth factors for this market. Portable boilers were considered to be the only means of steam generation for industrial units and in the power generation sector to run turbines. However, technological advancements led to the development of packaged boilers that can be connected in parallel to the boiler connection pattern and can assist in increasing the operational capacity of a boiler system. As a result, several industries and educational institutions have started replacing their coal-powered steam boilers with packaged boilers to meet their energy requirements.

Considering the possibility of changes in the emission standards, boiler companies will start manufacturing boilers with reduced NOx emissions. For instance, the Nebraska boiler that meets the current standard of 76 ppmv of NOx emissions can be modified to meet 15 ppmv NOx emission simply by increasing the air and FGR ration by 20% and 25%, respectively. The modifications do not require any major modifications where only the burner spuds and FD fans have to be replaced.

Competitive landscape and key vendors

The industry is marked by the presence of several international players who offer a wide range of products and services as per the needs of the customer. Additionally, there is also a presence of a number of regional boiler manufacturers especially in the developing economies, and as a result, the market appears to be highly fragmented. Despite the market being dominated by a few well-established players, all vendors in the market compete to gain a considerable share of the market and the competitive environment in the market is intense. The growth of a package boiler manufacturer completely depends on the ability to meet end-user preferences which include safety, ease of operation, cost, sustainability, reliability, and customizations.

The leading vendors in the market are -

  • Alfa Laval
  • Doosan
  • Forbes Marshall
  • Mitsubishi Hitachi
  • Thermax

The other prominent vendors in the market are Babcock & Wilcox, Amec Foster Wheeler, York-Shipley Global, Taishan, and Parker Boiler.

Segmentation by end-users and analysis of the packaged boiler market

  • Chemical Industry
  • Food and beverage Industry
  • Oil and gas Industry
  • Paper and pulp Industry
  • Textile Industry

Accounting for almost 27% of the total market shares, the food and beverage industry dominated the market during 2015. Packaged boilers are used in the food and beverages industry as steam generators and heat exchangers and also in applications such as concentrated milk production in the dairy processing sector. The expected increase in demand for processed foods due to the rise in population and urbanization all across the world will fuel the growth of this market.

Geographical segmentation and analysis of the packaged boiler market

  • Americas
  • APAC
  • EMEA

This market study predicts that in terms of geographical regions, APAC will be the major contributor to the market throughout the forecast period and also estimates the region to account for almost 39% of the total market shares by 2020. Several companies in Europe and the Americas are outsourcing their manufacturing activities to APAC. The region will experience rapid industrialization and urbanization in the coming years, especially in countries such as China, India, Australia, South Korea, Taiwan, Singapore, and Japan, which will bolster the growth prospects for this market in the next four years.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global packaged boiler market?
  • What are the key market trends impacting the growth of the global packaged boiler market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global packaged boiler market?
  • What are the market opportunities and threats faced by the vendors in the global packaged boiler market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global packaged boiler market?

Technavio also offers customization on reports based on specific client requirement.

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Industries served by key vendors

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by end-user

  • Market overview
  • F&B industry
  • Chemical industry
  • Paper and pulp industry
  • Oil and gas industry
  • Textile industry
  • Other industries

PART 07: Geographical segmentation

  • Global packaged boiler market by geographical segmentation
  • APAC
  • EMEA
  • Americas

PART 08: Market drivers

  • Increased demand for steam
  • Need to meet emission standards

PART 09: Impact of drivers

PART 10: Market challenges

  • High entrainment
  • Replacement of steam-powered propulsion systems in LNG carriers

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Design for future demands of NOx reduction
  • Biomass as fuel

PART 13: Vendor landscape

  • Competitive landscape
  • Risk factors in packaged boiler market
  • Other prominent vendors

PART 14: Key vendor analysis

  • Alfa Laval
  • Doosan
  • Forbes Marshall
  • Mitsubishi Hitachi
  • Thermax

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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