Steam Boiler System Market Global Industry Analysis 2014 - 2020

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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 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.
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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.
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.
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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 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. Download Free exclusive Sample of this report : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3946