Latin America Industrial Boilers Market

Latin America Industrial Boilers Market Share Size, and Forecast 2026

Latin America Industrial Boilers Market was worth USD 2.45 billion in 2021 and is projected to grow at a CAGR of 5.91%, to reach USD 4.83 billion by 2026

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.

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.

Latin America Industrial Boilers Market Segmentation:

The Industrial Boilers market is categorized by type, application, product, fuel type, and region. Based on type, the market is categorized as Fire Tube and Water Tube. On the basis of application, the market is categorized into Refineries, Primary Metal, Chemical, and Food. On basis of Product, it is subjected to 301BHP-600BHP, 151BHP-300BHP, and 10BHP-150BHP and by Fuel type, it is divided into Gas, Coal, and Oil.

Geographical Analysis:

On the basis of region, the Latin America Industrial Boilers market is categorized into

• Brazil
• Chile
• Argentina
• Others

Major 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).