Steam Boiler System Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 – 2020

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REPORT DESCRIPTION
The growing need of effective heating systems as well as the requirement of increasing operating efficiency of
residential and commercial complexes has led to the widespread adoption of steam boiler systems. This technology
provides high steam temperature and improved pressure parameters to achieve the heating and cooling
requirements in industrial and residential areas. Low fuel consumption is a direct consequence of installing efficient
steam boiler systems, which is one of the
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important parameters of installing new fuel efficient steam boiler systems. With development of technology highly
efficient steam boiler systems are being developed which will further boost investment in this market. These
systems can be utilized in a variety of applications such as humidification, comfort heating, sterilization and large
industrial processes. Steam boiler systems have the ability to respond and adjust to market conditions which makes
these systems important. The market for steam boiler systems is anticipated to grow at a substantial rate owing to
rapid industrialization and government development programmes in developing economies.
Increasing requirement of efficient boiler systems and the need to reduce carbon emissions are some of the primary
drivers attracting investment in the steam boiler market. Steam boiler systems have few moving parts which makes
them durable and reliable than complicated heating systems. These systems also provide clean and dust-free
heating and cooling solutions. Residential and commercial complexes often complain about dust and other allergens
that are liberated from modern boiler systems. The cost of heating or power generation can significantly be reduced
with installation of efficient steam boiler systems. Availability of more upgraded and advanced boiler systems may
hamper the market growth of the steam boiler market in the future.
The market for steam boiler systems can be segmented into two broad categories on the basis of end-users and fuel
type. On the basis of end-users the market can be segmented as residential, commercial, and industrial. The market
can also be segmented on the basis of fuel type as natural gas, propane, fuel oil, electricity and unconventional fuel
sources such as biomass.
The mature markets of North America and Europe have already a significant capacity of installed steam boiler
systems, thus the market growth in these regions is expected to grow at a sluggish pace in the future. However the
aging systems in these regions will require constant upgradation and replacement in the coming years, this provides
an opportunity for the further growth of the steam boiler system market. The Asia Pacific region and a few
developing countries of the Middle East represent the largest growing market. Increasing industrialization and
vigorous economic development are the major factors driving the market growth of steam boiler systems in these
regions. Countries such as China, India and Japan have invested substantial amounts in the development of this
market. In the Middle East there is growing demand for effective cooling solutions and thus the market for steam
boiler systems is anticipated to grow at a significant rate in this region.
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Some of the key players competing in this market are Hurst Boiler Inc., Rentech Boiler Systems, Inc., Aalborg
Engineering A/S, Fulton Companies, Thermodyne Engineering Systems, Parker Boiler Co., and JP Energy Systems Pvt
Ltd.
This research report analyzes this market on the basis of its market segments, major geographies, and
current market trends.
Geographies analyzed under this research report include
-North America
-Asia Pacific
-Europe
-Rest of the World
This report provides comprehensive analysis of
-Market growth drivers
-Factors limiting market growth
-Current market trends
-Market structure
-Market projections for upcoming years
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The market for steam boiler systems can be segmented into two broad categories on the basis of end-users and fuel type.