Global Steam Boiler Market Size By Type, By Fuel, By End-User, By Geographic Scope And Forecast
Steam Boiler Market Size And Forecast
Steam Boiler Market was valued at USD 14.25 Billion in 2018 and is projected to reach USD 17.90 Billion by 2026, growing at a CAGR of 2.88% from 2019 to 2026.
Global Steam Boiler Market Overview
The factors such as growing industrialization and the increasing use of electrical appliances and machinery along with the growing economic activities are rising the demand for electricity. Thus, boosting the steam boiler system market. Moreover, an increase in power plant capacity addition owing to the construction of new power plants and in the refurbishment of existing ones across the world is expected to escalate the global market. Furthermore, factors such as urban population, supportive industrial growth policies, low-cost raw materials, ease of availability, and cheap labor cost have positively anticipated to propel the global steam boiler system market.
Global Steam Boiler Market: Segmentation Analysis
The Global Steam Boiler Market is segmented based on Type, Fuel,End-User, and Geography.
Key Players In Steam Boiler Market
The Global Steam Boiler Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Hurst Boiler and Welding Co, Inc.
- Babcock and Wilcox Enterprises, Inc.
- CMI Group
- Fulton Boiler Works, Inc.
- Cleaver-Brooks, Inc.
- Bharat Heavy Electricals Limited
- IHI Corporation
- Clayton Industries
- AMEC Foster Wheeler Ltd.
- Cochran Ltd.
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