Europe Boiler System Market Information Report by Type (Oil Fired, Gas Fired), by Capacity (upto 20 Tonnes, 20 to 40 Tonnes, 40 to 50 Tonnes) and by Countries (Germany, U.K., Italy, Spain, France, Poland, Holland) - Forecast To 2022
Pune, India -- (SBWIRE) -- 09/19/2017 -- Market Highlights:
Boiler is a pressure vessel that is used to create and supply steam required for various processes within industries. Industrial Boilers are extensively used across industries such as metal, food & beverage and chemical. The recent trends in the industrial boiler market suggest increasing demand for higher efficiency and effectively. The growth of Europe boiler system is due to factors such as significant growth in the food processing sector and growing demand for clean energy sources. However, high maintenance cost is the major restraint that could hinder the market growth.
The Europe boiler system market was valued at USD 1,900.4 million in 2014, and is expected to reach USD 3,573.6 million by 2022.
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Key Players of Europe Boiler System Market:
- Danstoker Boilers (Denmark)
- Bosch Industriekessel (Germany)
- Babcock & Wilcox Enterprises, Inc. (U.S.)
- AC Boilers S.p.A (Italy)
- Mitsubishi Hitachi Power Systems, Ltd. (Japan)
- ATTSU Termica (Spain)
- Rentech Boilers (U.S.)
- Byworth Boilers (U.K.)
- Proodos Industrial Boilers (Greece)
- Siemens AG (Germany)
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
4 Europe Boiler System Market, By Type
4.2 Oil Fired
4.3 Gas Fired
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Germany dominates the market with 24% of share in 2015, in terms of value. It is expected to grow at 4.84% CAGR during the forecast period. Growing demand for clean energy sources is expected to drive the market in the region. While, U.K. is expected to grow at 4.59% CAGR and reach a market size of USD 703.9 million by 2022.
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