MRO Magazine

Research and Markets: Global Industrial Boiler Market 2015-2019 with Alstom, Foster Wheeler & Hitachi Dominating

March 23, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “Global Industrial Boiler Market 2015-2019” report to their offering.

The Global Industrial Boiler market to grow at a CAGR of 2.96% over the period 2015-2019

The report, the Global Industrial Boiler Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Industrial Boiler market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

The report covers the present scenario and the growth prospects of the Global Industrial Boiler market for the period 2015-2019. The market can be segmented into the following segments: 1-5 TSPH, 6-25 TSPH, 26-100 TSPH, 101-300 TSPH, and 301-2,000 TSPH.

Many industrial boiler vendors offer superior quality and customized industry-specific boilers for increased operational efficiency in the Power, Oil and Gas, and Chemicals and Petrochemical industries.

Government initiatives with regard to eco-friendly processes are a key trend that is expected to have a positive impact on the market dynamics in the coming years. The need for protecting the environment has forced various governments to implement restrictions on the emission of greenhouse gases from industries.

According to the report, one of the major drivers expected to impact the market growth is the increased need for energy. Developing countries like China and India are witnessing a huge demand for energy because of rapid industrialization and urbanization.

Further, the report states that the high cost of raw materials like steel is expected to pose a huge challenge to the market vendors. Inflation and the lack of availability of various materials has led to a consistent increase in the price of these materials, thus forcing boiler vendors to incur high investments in boiler production.

Key Vendors

  • Alstom
  • Foster Wheeler
  • Hitachi

Other Prominent Vendors

  • AB
  • Alfa Laval Aalborg
  • ANDRITZ Energy & Environment
  • B&S Piping
  • Bharat Heavy Electricals
  • Hangzhou Boiler Group
  • Harbin Power Equipment
  • Indeck Power Equipment
  • Mitsubishi Heavy Industries
  • Miura Boiler
  • Suzhou Hailu Heavy Industry
  • Tai Yuan Boiler Group
  • Taishan Group
  • The Babcock & Wilcox
  • Thermogenics (UK)
  • TT Boilers
  • Wellman Group
  • Wellman Robey

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Engineering