U.S. Boiler Market to surpass USD 4.4 billion by 2031 from USD 2.9 billion in 2021 at a CAGR of 4.26% in the coming years.

Product Overview
A boiler heats water or another liquid under pressure in an enclosed place to generate steam or hot liquid. There is a diversity of boilers available in both the commercial and residential markets, classified by the system of heating the liquid, the types of fuel they use, and even the axis of the boiler.

Market Highlights
U.S. Boiler Market is expected to project a notable CAGR of 5.27% in 2031
The rising trend for boilers in the industrial segment along with chemical and petrochemical, food and beverage, and pulp and paper are predictable to boost the market over the forecast years. Increasing demand for mechanization and control systems have urged producers to start combining digital technologies in the industrial boilers industry. The implementation of the Internet of Things (IoT) and advanced data analytics to manage boiler-related operations to reduce costs and expand product and service performance is expected to upsurge the demand for smart industrial boilers over the forecast period.

U.S. Boiler Market: Segments
Oil & Gas segment to grow with the highest CAGR during 2021-31
U.S. Boiler Market is divided by Fuel Type into Fossil, Oil & Gas, Biomass, and Others. Oil & Gas segment to be a larger contributor to U.S. Boiler Market. This is due to high accessibility and less cost compared to other types of fuel used for industrial boilers. This segment is extensively used for industrial boilers. Hence, all these factors raise the U.S. Boiler Market.
Chemicals & Petrochemicals segment to grow with the highest CAGR during 2021-31
U.S. Boiler Market is divided by end-use into Chemicals & Petrochemicals, Metals & Mining and Others. Chemicals & Petrochemicals segment held the largest share in 2020 and is expected to dominate the market. This is due to the need for high volume steam for various methods such as dilution, quenching, mechanical drive, fractionalization, and stripping, and increasing chemicals production across the country is expected to boost the market.

Market Dynamics
Drivers
Abundant availability of natural gas resources
Competitive natural gas prices along with the increasing inclination toward the implementation of sustainable technologies will significantly enlarge the business landscape. Strict government standards relating to the adoption of low-emission fuels coupled with ample availability of gas reserves will complement the industry outlook. The ease-of-extraction and robust gas supply networks in the country are set to drive the product adoption.

Robust development of the commercial sector
U.S. boiler market is set to grow at a CAGR of over 4.26% between 2021 and 2031. Continuing development of commercial establishments including retail stores, offices, nursing homes, and educational intuitions will fuel the industry landscape. Changing trends toward the consumption of processed Food & Beveragein line with growing government spending across healthcare industry will comprehensively improve product penetration.

U.S. Boiler Market: Key Players
Babcock & Wilcox Enterprises, Inc.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Mitsubishi Heavy Industries, Ltd.
IHI Corporation
Forbes Marshall
Hurst Boiler & Welding Company, Inc.
Parker Boiler
Indeck Power Equipment Company
Other Prominent Players

U.S. Boiler Market report also contains analysis on:
U.S. Boiler Market Segments
By Fuel
Fossil
Oil & Gas
Biomass
Others

By End-use
Chemicals & Petrochemicals
Metals & Mining
Others

U.S. Boiler Market Dynamics
U.S. Boiler Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints

U.S. Boiler Market Report Scope and Segmentation

Report Attribute Details
Market size value in 2021 USD 2.9 billion
Revenue forecast in 2031 USD 4.4 billion
Growth Rate CAGR of 4.26% from 2021 to 2031
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2031
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Fuel, End-use
Key companies profiled Babcock & Wilcox Enterprises, Inc.; Mitsubishi Heavy Industries, Ltd.; IHI Corporation; Forbes Marshall; Hurst Boiler & Welding Company, Inc.; Parker Boiler; Indeck Power Equipment Company Other Prominent Player

The post U.S. Boiler Market forecast to 2031 first appeared on CRI Report.

According to CRI’s analysis, by the end of 2020, in the boiler industry, there were more than 300 boiler manufacturers in China, and the average annual production volume was less than 2,000 evaporation tons. China’s boiler industry is troubled by a low market concentration ratio, outdated technologies, and low gross profit margins.

China-made boilers are dominated by industrial boilers. In industrial production, industrial boilers are essential thermal power equipment. They are classified into coal-fired steam boilers, oil and gas-fired steam boilers, thermal oil furnaces, and hot-blast stoves, and are applied in power generation, industrial production, light industry, textiles, metallurgy, etc.

From 2010 to 2020, China’s industrial boiler production fluctuated, increasing from 336,382 evaporation tons in 2010 to 512,736 evaporation tons in 2013, dropping back to 322,293 evaporation tons in 2018, and then increasing to 439,112 evaporation tons in 2020, with a CAGR of about 2.7% from 2010 to 2020.

As coal-fired boilers cost much less than natural gas boilers, they dominate China’s industrial boiler market. For a long time to come, they will continue to be the mainstream of industrial boilers in China, and most of them will be medium and heavy-duty ones.

Coal-fired boilers cause serious environmental pollution. As the energy supply structure changes and energy conservation and environmental protection requirements become more stringent, small coal-fired industrial boilers will be phased out, and the high-efficiency, energy-saving and low-pollution industrial boilers that use clean fuels and clean combustion technologies will become a development trend.

As China’s environmental protection policies have become stricter in recent years, the Chinese government is promoting the transformation and upgrade of industrial boiler manufacturers.

In Jul. 2016, China’s Ministry of Industry and Information Technology issued The Plan for Industrial Application of Energy Efficient and Environmentally Friendly Industrial Boilers to transform and upgrade the industrial boiler industry, save energy, reduce emissions and improve the environment.

The Plan required that by the end of 2020, some production bases of energy-efficient and environmentally friendly industrial boilers should have been built, and energy-efficient and environmentally friendly industrial boilers should take up a market share of more than 60% with a production volume of 1 million evaporation tons.

The Opinions on the Ecological and Environmental Protection to Win the Fight in Pollution Prevention and Control clearly put forward to vigorously promote the management of bulk coal and reduction in coal consumption by adopting other alternatives. The Opinions required that by 2020, coal-fired boilers below 35 evaporation tons per hour should be phased out in key areas; clean and efficient coal-fired boilers should be promoted.

As the Chinese government strengthens ecological protection and management, many industrial boiler manufacturers are upgrading their boilers, to meet the standards of energy conservation and environmental protection.

According to CRI, it is expected that coal-fired industrial boilers will remain the dominant product of industrial boilers for a considerable period of time in the future.

However, as it will cause serious pollution to the environment, with the continuous change of energy supply structure and the increasingly strict requirements of energy conservation and environmental protection, natural gas development and application will also enter a high-speed development stage.

Therefore, high-efficiency, energy-saving and low-pollution industrial boilers using clean fuel and related technologies will be the development trend.

Many local governments of China have also taken measures to control the pollutant discharge of industrial enterprises. Replacing coal-fired boilers with natural gas boilers or electric boilers has become a hot trend. In cities that have the pipelines for the West-East Gas Transmission Project and natural gas import and port cities able to import liquefied gas and their surrounding areas, gas-fired boilers have huge growth potential.

Supported and encouraged by the Chinese government, the gas-fired boiler industry will have a bright prospect. Environmentally friendly gas-fired boilers will certainly replace coal-fired boilers to become the mainstream products in China’s boiler market.

Topics covered

• Economic and policy environment of China’s boiler industry
• Status of production of and demand for boilers in China, 2016-2021
• Analysis on major boiler enterprises in China
• Major driving forces and market opportunities for China’s boilers
• Forecast on major driving forces, challenges and opportunities for China’s boilers, 2022-2030
• Major participants in China’s boiler market and their competitive benchmark
• Forecast on the revenue of China’s boiler market, 2022-2030
• Strategies adopted by major participants in the market to increase their market share in the industry
• Forecast on the segment to dominate the boiler market by 2030
• Competitive advantages of the major participants in the boiler market
• Impact of COVID-19 on China’s boilers
• Major restrictions over the growth of China’s boilers
• Process of gas-fired boilers replacing coal-fired boilers
• Market competitive status in China’s boiler industry
• Prospect of China’s boiler industry
• Global Renewable Energy Market: By Type (Hydroelectric energy, Geothermal energy, Wind energy, Solar energy and Biomass energy); By End-user (Commercial, Residential and Industrial); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030

The post Research Report on China’s Boiler Industry, 2022-2030 first appeared on CRI Report.

Topics covered:
– Status of China’s boiler industry
– Chinese government’s policies on the boiler industry
– Progress in the replacement of coal-fired boilers with gas-fired boilers
– Competition in China’s boiler industry
– Major boiler manufacturers in China
– Major factors influencing the development of China’s boiler industry
– Prospect of China’s boiler industry

The post Research Report on China’s Boiler Industry, 2019-2023 first appeared on CRI Report.

Coal is one of the major fuels for industrial production and daily life in China. However, most of the coal for industrial boilers is raw coal without washing and extraction, containing a high percentage of dust and sulfur with relatively larger molecule size. Therefore, The combustion efficiency of coal burning is low while the pollutant emission level is high which accounts for 45%-65% of urban air pollution. Reducing the use of coal while promoting gas will be a fast and effective way to solve air pollution.

As China’s environmental pollution is getting more serious, governments at different levels are gradually restricting the use of coal fired boilers. Besides, they also provide subsidies to companies for coal-to-gas transformation. Gas fired boilers rapidly take up the market share of coal fired ones.

Without governmental subsidies, it is not economically viable to transform one unit set of coal fired boilers into a single unite set of gas fired ones. However, it is practicable for the transformation of several sets of coal fired boilers into one set of gas fired ones.

In 2013, China’s State Council officially published its Air Pollution Prevention and Control Action Plan, kicking off the cleaning of air pollution. In the plan, it put forward the idea of reconstructing small inefficient coal fired boilers, pointing out “by 2017, all prefecture-level or above cities, unless necessary to retain, should phase out coal fired boilers of 10 steam tons per hour or below in their built-up areas”.

In 2014, seven government departments in China jointly published the Implementation Scheme for Comprehensive Promotion on Energy Saving and Environmental Protection for Coal Fired Boilers, mapping out that all prefecture-level or above cities in Beijing-Tianjin-Hebei Region and its surrounding area should phase out coal fired boilers of 10 steam tons per hour or below in their built-up areas and Beijing should abolish all coal fired boilers in its built-up areas by the end of 2015 unless necessary retaining; by 2017, all prefecture-level or above cities should phase out coal fired boilers of 10 steam tons per hour or below in their built-up areas in China and all prefecture-level or above cities in Hebei Province and Tianjin should phase out coal fired boilers of 35 steam tons per hour or below in their built-up areas. Upon this, authorities at different levels published their own Air Pollution Prevention and Control Action Plan respectively, so as to further specify and bring into action the target goals.

From the plan, it can be seen that Beijing-Tianjin-Hebei Region is the first tier under the most pressure to realize the goals. By 2015, it should close down all the coal fired boilers of 10 steam tons per hour or below and by 2017 all the coal fired boilers of 35 steam tons per hour or below. The second one includes Shanxi, Shandong etc. By 2015, they should close down all the boilers  of 10 steam tons per hour or below in urban areas. Provinces such as Shaanxi, Jilin and Heilongjiang will be on a more relaxed track. They plan starts to abolish boilers of 10 steam tons per hour or below from 2017 on.

After the closing down of small coal fired boilers, most of the facilities will be transformed into gas fired or electricity fired ones in industrial dispersed areas except those extremely outdated production facilities; in industrial cluster districts for chemical, papermaking, printing and dyeing, leather and pharmaceutical, most of the coal fired boilers will be replaced by the construction of cogeneration units gradually with high efficiency boilers being brought in.

Heat and power cogeneration will be the major heat supply for industrial production. It is measured that if 25 units of electricity and 50 units of heat are separately generated, it will consume 152 units of coals, but if cogenerated, it only consume 100 units of coals. Through combining heat and power generation, heat conversion efficiency can be raised from 50% to 75%, or even higher conversion efficiency can be achieved if adopting high efficiency boilers or further processing the coal combustion.

For large scale boilers to meet the standards on air pollutant emission, it is necessary to bring in equipment for desulfurization, denitration and dedusting, which will promote the development of related markets.

The market room for small boiler transformation will be released in concentration in the next five years. It is estimated that China will phase out small coal fired boilers of 10 steam tons per hour and 35 steam tons per hour between 2016 and 2020, propelling investment in related areas of up to hundreds of billions of CNY every year.

Many local governments in China are adopting proactive measures to reduce and control industrial pollutant emissions. Projects such as Coal-to-Gas Fired Boiler and Coal-to-Power Fired Boiler are becoming the most popular ones for policymaking and the market.

For cities on the route of West-to-East Gas Transmission Project and pipelines for imported natural gas as well as for port cities capable of importing liquefied gas and their surrounding areas, gas fired boilers enjoy huge potential for further development in the future.

As gas fired boiler is a kind of environmental boiler, Chinese government will support and encourage its application. Therefore, it will enjoy a bright market prospect in China. It is estimated that coal fired boilers will gradually give way to gas fired boilers in the years to come, with the latter ones becoming the dominant product in the boiler market in China.

Through this report, readers can acquire the following information or even more:

-Supply and Demand of Industrial Boilers in China

-Policies Published by Chinese Government Concerning Boiler Industry

-Reasons on Replacing Coal Fired Boiler with Gas Fired Boiler

-Market Competition of Boiler Industry in China

-Major Boiler Manufacturers in China

-Forecast on China Boiler Industry

The following enterprises and people are proposed to purchase this report:

-Manufacturers of Industrial Boilers

-Users of Industrial Boilers

-Investors/Research Institutes Concerned about Boiler Industry

Table of Contents

1 Overview of Boilers in China

1.1 Definition and Classification

1.2 Coal Fired Boiler

1.3 Gas Fired Boiler

1.3.1 Introduction of Gas Fired Boilers

1.3.2 Advantages of Gas Fired Boilers

1.4 Economic Analysis on the Project of Replacing Coal Fired Boilers with Natural Gas Boilers

1.4.1 High Cost of Fuel

1.4.2 Comparison of Demand for New Construction and Reconstruction

2 Development Environment of Boiler Industry in China, 2013-2016

2.1 Economic Environment

2.1.1 Chinese Economy

2.1.2 Development of Natural Gas Industry in China

2.2 Reconstruction Policies on Coal Fired Boilers

2.2.1 Policies Published by the State Council of China

2.2.2 Policies Published by the Ministry of Environmental Protection of China

2.2.3 Policies Published by Local Governments

2.3 New Standards on Boiler Emission

2.4 Industrial Boiler

3 Demand for Gas Fired Boilers in China, 2011-2015

3.1 Gas Fired Exhaust Heat Boilers in Power Stations

3.2 Demand for Industrial Gas Fired Boilers

3.3 Estimated Market Demand for Gas Fired Boilers

3.4 Analysis on Supply and Demand for Natural Gas Fired Boilers in China

3.4.1 Output Volume

3.4.2 Demand Volume

4 Competition Pattern of Gas Fired Boiler Market in China, 2010-2015

4.1 Barriers to Entry

4.2 Competition Structure of the Industry

4.2.1 Upstream Suppliers

4.2.2 Downstream Customers

4.2.3 Industry Competition

4.2.4 Substitutes

4.2.5 New Entrants

5 Major Boiler Manufacturers in China, 2011-2015

5.1 Harbin Boiler Company Limited

5.2 Dongfang Boiler Group Co., Ltd. (DBC)

5.3 Shanghai Boiler Works Co., Ltd.

5.4 Hangzhou Boiler Group Co., Ltd.

5.5 Taishan Group

5.6 Babcock & Wilcox Beijing Company Ltd.

5.7 Wuxi Huaguang Boiler Co., Ltd.

5.8 China Western Power Industrial Co., Ltd.

5.9 Jinan Boiler Group Co., Ltd.

5.10 Suzhou Hailu Heavy Industry Co., Ltd.

5.11 Anhui Jinding Boiler Co., Ltd.

5.12 Wuhan Boiler Group

6 Prospect of Boiler Industry in China, 2016-2020

6.1 Factors Influencing Development

6.1.1 Favorable Factors

6.1.2 Unfavorable Factors

6.2 Forecast on Supply

6.2.1 Overall Production

6.2.2 Segments of Fields

6.3 Forecast on Demand

6.3.1 Market Size

6.3.2 Niche Markets

6.4 Recommendations on Development and Investment

Selected Charts

Chart Reserve of Boilers in China, 2005-2015

Chart Investment Value on Unit Power in Certain Gas Fired Machine Sets in China

Chart Comparison on Initial Investments between Coal-to-Gas Fired Boiler Transformation and Fume Treatment of Coal Fired Boilers

Chart Comparison on Fuel and Operation Costs between Coal-to-Gas Fired Boiler Transformation and Fume Treatment of Coal Fired Boilers

Chart New Emission Standards for Air Pollutants from Boilers (Request for Comments) (2013 Edition)

Chart First Batch of Natural Gas Distributed Energy Demonstration Projects in China

Chart Output Volume of Natural Gas in China, 2005-2015

Chart Annual Coal Consumption of Industrial Boilers in Major Control Areas

Chart Major Manufacturers of Gas Turbines in China

Chart Competition Pattern of Large-scale Power Station Boilers in China

Chart Output Volume of Exhaust Heat Boilers in China

Chart Output Volume of Industrial Boilers and Power Station Boilers in China, 2008-2015

Chart Output Volume of Power Station Boilers in China, 2008-2015

Chart Major Industrial Boiler Manufacturers in China

Chart Forecast on Output Volume of Industrial Boilers in China, 2016-2020

The post Research Report on Boiler Industry in China, 2011-2020 first appeared on CRI Report.