North America Industrial Boiler Market PPT - PowerPoint PPT Presentation

About This Presentation
Title:

North America Industrial Boiler Market PPT

Description:

North America Industrial Boiler Market PPT – PowerPoint PPT presentation

Number of Views:7
Slides: 7
Provided by: Saifb0190
Category: Other

less

Transcript and Presenter's Notes

Title: North America Industrial Boiler Market PPT


1
North America Industrial Boiler Market Trends
Research Projections For 2022- 2028
2
Industry Overview
  • The North America industrial boiler market is
    slated to register lucrative expansion by 2028
    owing to increased acceptance from industries.
    Additionally, surging adoption of new smart
    boiler technology for operations, coupled with
    government regulations to curb toxic emissions,
    is anticipated to further drive market demand
    through the forecast period.
  • Industrial boilers are renowned for their massive
    heat production and energy efficiency that are
    vital for production processes. Rising usage in
    small industries due to augmented consumer
    awareness towards the adoption of efficient
    heating systems has been favorable for the growth
    of the North America industrial boiler market.
  • Notably, mounting need to replace old boilers
    with technologically advanced, modern, and energy
    efficient boilers has also played a crucial role
    in business growth. Recently, companies in the
    sector have been formulating lucrative strategies
    to gain a stronger foothold in the global
    industry, thereby enhancing North America
    industrial boiler market dynamics.
  • For instance, in January 2020, Miura America, a
    major industrial boiler manufacturer, teamed up
    with insurance firm Hartford Steam Boiler and
    Armstrong International, a key financial services
    company, to deliver Steam-as-a-Service to the
    industry in order to resolve the challenges faced
    by steam users like declining workforce
    expertise, capital funding, and subpar system
    efficiencies.

3
Continue
  • In another instance, in January 2020, Babcock
    Wilcox Construction Co., a subsidiary of energy
    and technologies specialist Babcock and Wilcox
    Enterprise, was given a contract for more than
    USD 5 million for the installation of retrofit
    boiler equipment at a coal-fired power plant in
    the United States.
  • The North America industrial boiler market has
    been bifurcated on the basis of fuel, capacity,
    technology, product, application and country. In
    terms of fuel, the market has been classified
    into natural gas, oil, and coal. Out of these,
    coal fired commercial boilers accounted for a
    revenue of more than USD 110 million in 2021 and
    are projected to grow at a robust pace over
    2022-2028.
  • With reference to capacity, the North America
    industrial boiler market has been divided into lt
    10 MMBtu/hr, 10 - 25 MMBtu/hr, 25 - 50 MMBtu/hr,
    50 - 75 MMBtu/hr, 75 - 100 MMBtu/hr, 100 - 175
    MMBtu/hr, 175 - 250 MMBtu/hr, and gt 250 MMBtu/hr.
    The 10 - 25 MMBtu/hr segment is likely to exhibit
    substantial growth through the review timeline
    owing to ongoing replacement of conventional
    heating systems with energy-efficient boilers.
  • The 25 - 50 MMBtu/hr segment is poised to reach a
    sizable valuation by 2028 driven by changing
    demographics, increasing population, and
    improvement in living standards.

4

Browse Full Market Research Report Of North
America Industrial Boiler Market _at_
https//www.gminsights.com/industry-analysis/north
-america-industrial-boiler-market Inquiry
Before Buying_at_ https//www.gminsights.com/inquiry-
before-buying/5240 Request for a Sample of
this Research report _at_ https//www.gminsights.com/
request-sample/detail/5240
5
North America Industrial Boiler Market

6
Stay In Touch Website www.gminsights.com Soci
al Media
Write a Comment
User Comments (0)
About PowerShow.com