Albany, NY -- (SBWIRE) -- 04/03/2017 -- Steam boiler system is a closed vessel used in the thermal power plant and is one of the key electricity generating mechanism. Presently, the driving force that determines the market growth of steam boiler system is the rising need of electricity which in turn is the lifeline for any developing or developed economy. To further elaborate the industry overview of steam boiler system, Market Research Hub (MRH) has recently added a research report headed as "Global Steam Boiler Systems Market- Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024" in the vast analytic reports repository.

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The provided research comprises all the drivers, restraints and opportunities of the steam boiler system market at the global and various regional levels which include North America, U.S., Canada, Europe, France, U.K., Spain, Germany, Italy, Rest of Europe, Asia Pacific, China, India, Japan, ASEAN, Rest of Asia- Pacific, Brazil, Mexico, Middle East & Africa (MEA), Latin America, Egypt, GCC, South Africa and Rest of MEA. According to the key findings of the report, the global market is expected to grow at a CAGR of 5.30% with a rise by US $ 18.9 billion by the end of 2024.

The study also provides the market attractiveness analysis where end users such as food, chemical, refineries, primary metal and thermal metal plants are benchmarked by their growth rate and market size. It further segments the steam boiler market on the follow aspects such as:

By Boiler Type:

Fire Tube Boiler
Horizontal Return Tubular Boiler
Short Fire Box Boiler
Compact Boiler
Water Tube Boiler
Horizontal Straight Tube Boiler
Bent Tube Boiler
Cyclone Fired Boiler
Super Heater

By Application:

Generators
Steam Engines (Locomotives)
Cement Production
Agriculture

In addition, the estimated market size of the steam boiler system is provided for 2015 and forecasted till 2024 in terms of revenue and units for detail understanding. Further, the research is concluded by providing the major companies operating in the steam boiler systems market along with the company overview, financial overview, business strategies, recent development and their SWOT analysis.

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The key players profiled in the report are ZHENGZHOU BOILER (GROUP) CO. LTD., Buderus, Doosan, Clayton Industries, Byworth Boilers, BHEL, Fulton Boiler Works, Inc., Cleaver-Brooks, LARSEN & TOUBRO LIMITED, Welding Company and Hurst Boiler.

The above research is done by the proper methodology that includes in-depth interviews, discussion with a number of key industry participants, analyzing company website, annual reports, financial reports, broker reports and other relevant documents that strengthen and provide the reliable report for profitable decision making.

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