Asia Pacific Industrial Boilers Market

Asia Pacific Industrial Boilers Market Size, Growth, Trends and Forecast:

Asia Pacific Industrial Boilers Market was worth USD 5.12 billion in 2021 and is projected to grow at a CAGR of 8.31%, to reach USD 7.68 billion by 2026.

Regulations imposed by the foremost environmental regulatory bodies encourage numerous industries to check their emissions. As an end result, companies are implementing measures to generate energy with decreasing emissions. Measures towards strength optimization coupled with increasing adoption of energy-efficient heating systems will propel the industrial boilers market. In November 2015, the European Union introduced Directive (European) 2015/2193 with an intention to reduce emissions from combustion devices.

Asia Pacific Industrial Boilers Market Drivers:

The development of ultra-mega power projects in emerging economies will drive the growth prospects for the global commercial boiler marketplace over the next few years. The use of new materials in biomass beds now not only increases the performance of the waste but additionally reduces the value of biomass boilers. Also, the distribution of oxygen in the boiler will enhance the performance and uniformity of combustion.

Asia Pacific Industrial Boilers Market Segmentation:

Asia Pacific Industrial Boilers Market – By Type:

• Fire Tube and Water Tube

Asia Pacific Industrial Boilers Market – By Application:

• Refineries
• Primary Metal
• Chemical
• Food

Asia Pacific Industrial Boilers Market – By Product:

• 301BHP-600BHP
• 151BHP-300BHP
• 10BHP-150BHP

Asia Pacific Industrial Boilers Market – By Fuel Type:

• Gas
• Coal
• Oil

Regional Analysis:

On the basis of region, the Asia Pacific Industrial Boilers market is categorized into

• China
• India
• South Korea
• Japan
• Others

 The Asia Pacific is the fastest-growing market segment due to the growing petrochemical industries and increasing collaborations with western companies in nations such as China and India.

Key Players:

Some of the major players in the Industrial Boilers market are Babcock & Wilcox Enterprises, Inc. (U.S.), Dongfang Electric Corporation Ltd. (China), Siemens AG (Germany), General Electric (U.S.), AC Boilers S.p.a. (Europe), Bharat Heavy Electricals Limited (India), Harbin Electric Group (China), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems, Ltd. (Japan), and Thermax Limited (India).