The Southeast Asia steam boilers market was valued at USD 3,257.22 million in 2020 and is expected to register a CAGR of 6.12% to reach USD 4,906.77 million by the end of 2027.

The key factor driving the growth of the Southeast Asia steam boilers market is rising government investments, new hotel projects, and the growing tourism industry.

Furthermore, increased demand for a variety of applications from the food processing industry is boosting the Southeast Asia market. However, factors such as high installation and maintenance costs are likely to impede the Southeast Asia market. Nonetheless, manufacturers can expect lucrative opportunities soon with the introduction of hybrid compact steam boilers.

Market Segmentation

Southeast Asia steam boilers market has been segmented by type, size, fuel, application, and country. Based on type, the market has been segmented into water tube boiler and fire tube boiler.

The fire tube boiler segment accounted for a 65.13% share of the Southeast Asia steam boilers market in 2020 owing to the simple design, low cost and maintenance compared to the water tube boiler, and cost-efficient heating system.
Based on size, the market has been segmented into 1.5T–3T, 3T–5T, 5T–10T, and 10T–15T. The 5T–10T segment accounted for the largest share of 35.88% in the Southeast Asia steam boilers market, owing to its high efficiency and durability.

Based on fuel, the market has been segmented into gas-fired steam boilers and oil-fired steam boilers. The gas-fired steam boiler segment accounted for the larger share of 59.69% in the Southeast Asia steam boilers market, owing to the high efficiency and cost-efficiency. Based on application, the market has been segmented into commercial, residential, and industrial. Further, the commercial segment is divided into hotels, hospitals, and others.

Regional Analysis

By country, the Southeast Asia steam boilers market has been divided into Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Rest of Southeast Asia.

The Singapore market dominated the Southeast Asia steam boilers market with a share of 22.25% by value in 2020 and is expected to register the highest CAGR of 5.63% during the forecast period. The market growth in Singapore is driven by various factors, including the increase in the hospitality industry, the rising tourism industry, and the increase in government investments to expand hotel supply.

Major Players

Thermax Group, PT Aalborg Industri Indonesia, Vietnam boiler JS company, Taishan Group, Doosan Heavy industry & Construction, Henan Yuanda Boiler Corporation Ltd, and Wuxi Zozen Boilers Co., Ltd.

COVID 19 Impacts

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TABLE OF CONTENT

1 EXECUTIVE SUMMARY
1.1.1 SOUTHEAST ASIA STEAM BOILERS MARKET, BY TYPE
1.1.2 SOUTHEAST ASIA STEAM BOILERS MARKET, BY SIZE
1.1.3 SOUTHEAST ASIA STEAM BOILERS MARKET, BY FUEL
1.1.4 SOUTHEAST ASIA STEAM BOILERS MARKET, BY APPLICATION
1.1.5 SOUTHEAST ASIA STEAM BOILERS MARKET, BY COUNTRY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING DEMAND FROM THE HOSPITALITY INDUSTRY
4.2.2 DEMAND FROM THE FOOD PROCESSING INDUSTRY
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 HIGH INSTALLATION AND MAINTENANCE COST
4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 RISING DEMAND FOR COMPACT STEAM BOILERS
4.5 IMPACT ANALYSIS OF COVID-19
4.5.1 IMPACT ON OVERALL ENERGY & POWER INDUSTRY
4.5.1.1 ECONOMIC IMPACT
4.5.2 IMPACT ON STEAM BOILERS MARKET
4.5.3 IMPACT ON SUPPLY CHAIN OF STEAM BOILERS MARKET
4.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS
4.5.3.2 PRODUCTION SHUTDOWN
4.5.3.3 CASH FLOW CONSTRAINTS
4.5.3.4 IMPACT WORLD TRADE
4.5.4 IMPACT ON PRICING OF STEAM BOILERS
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIALS
5.1.2 STEAM BOILERS MANUFACTURERS
5.1.3 SALES & DISTRIBUTION
5.1.4 END-USERS
5.1.5 AFTER-SALES SERVICES
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF COMPETITIVE RIVALRY
6 SOUTHEAST ASIA STEAM BOILER MARKET, BY TYPE
6.1 INTRODUCTION
6.1.1 WATER TUBE BOILER
6.1.2 FIRE TUBE BOILER
7 SOUTHEAST ASIA STEAM BOILER MARKET, BY SIZE
7.1 INTRODUCTION
7.1.1 1.5T–3T
7.1.2 3T–5T
7.1.3 5T–10T
7.1.4 10T–15T
8 SOUTHEAST ASIA STEAM BOILER MARKET, BY FUEL
8.1 INTRODUCTION
8.2 GAS-FIRED STEAM BOILER
8.3 OIL-FIRED STEAM BOILER
9 SOUTHEAST ASIA STEAM BOILER MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 COMMERCIAL
9.3 RESIDENTIAL
9.4 INDUSTRIAL
10 SOUTHEAST ASIA STEAM BOILER MARKET, BY COUNTRY
10.1 INTRODUCTION
10.2 INDONESIA
10.3 MALAYSIA
10.4 SINGAPORE
10.5 THAILAND
10.6 VIETNAM
10.7 REST OF SOUTHEAST ASIA
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 MARKET STRATEGY ANALYSIS
11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES
11.4 COMPETITIVE BENCHMARKING
11.5 PRODUCTION CAPACITY, 2021
12 COMPANY PROFILES
12.1 GETABEC PUBLIC COMPANY LIMITED
12.1.1 COMPANY OVERVIEW
12.1.2 FINANCIAL OVERVIEW
12.1.3 PRODUCTS OFFERED
12.1.4 KEY DEVELOPMENTS
12.1.5 SWOT ANALYSIS
12.1.6 KEY STRATEGIES
12.2 BOSCH INDUSTRIEKESSEL
12.2.1 COMPANY OVERVIEW
12.2.2 FINANCIAL OVERVIEW
12.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.2.4 KEY DEVELOPMENTS
12.2.5 SWOT ANALYSIS
12.2.6 KEY STRATEGIES
12.3 THAI STEAM SERVICE & SUPPLY CO. LTD
12.3.1 COMPANY OVERVIEW
12.3.2 FINANCIAL OVERVIEW
12.3.3 PRODUCTS OFFERED
12.3.4 KEY DEVELOPMENTS
12.3.5 SWOT ANALYSIS
12.3.6 KEY STRATEGIES
12.4 THAIBURNER
12.4.1 COMPANY OVERVIEW
12.4.2 FINANCIAL OVERVIEW
12.4.3 PRODUCTS OFFERED
12.4.4 KEY DEVELOPMENTS
12.4.5 SWOT ANALYSIS
12.4.6 KEY STRATEGIES
12.5 MIURA INDUSTRIES (THAILAND) CO., LTD.
12.5.1 COMPANY OVERVIEW
12.5.2 FINANCIAL OVERVIEW
12.5.3 PRODUCTS OFFERED
12.5.4 KEY DEVELOPMENTS
12.5.5 SWOT ANALYSIS
12.5.6 KEY STRATEGIES
12.6 HENAN YUANDA BOILER CORPORATION LTD
12.6.1 COMPANY OVERVIEW
12.6.2 FINANCIAL OVERVIEW
12.6.3 PRODUCTS OFFERED
12.6.4 KEY DEVELOPMENTS
12.6.5 SWOT ANALYSIS
12.6.6 KEY STRATEGIES
12.7 WUXI ZOZEN BOILERS CO., LTD.
12.7.1 COMPANY OVERVIEW
12.7.2 FINANCIAL OVERVIEW
12.7.3 PRODUCTS OFFERED
12.7.4 KEY DEVELOPMENT
12.7.5 SWOT ANALYSIS
12.7.6 KEY STRATEGIES
12.8 THERMAX GROUP
12.8.1 COMPANY OVERVIEW
12.8.2 FINANCIAL OVERVIEW
12.8.3 PRODUCTS OFFERED
12.8.4 KEY DEVELOPMENT
12.8.5 SWOT ANALYSIS
12.8.6 KEY STRATEGIES
12.9 PT AALBORG INDUSTRI INDONESIA
12.9.1 COMPANY OVERVIEW
12.9.2 FINANCIAL OVERVIEW
12.9.3 PRODUCTS OFFERED
12.9.4 KEY DEVELOPMENTS
12.9.5 SWOT ANALYSIS
12.9.6 KEY STRATEGIES
12.10 VIETNAM BOILER JS COMPANY
12.10.1 COMPANY OVERVIEW
12.10.2 FINANCIAL OVERVIEW
12.10.3 PRODUCTS OFFERED
12.10.4 KEY DEVELOPMENT
12.10.5 SWOT ANALYSIS
12.10.6 KEY STRATEGIES
12.11 ZG BOILER
12.11.1 COMPANY OVERVIEW
12.11.2 FINANCIAL OVERVIEW
12.11.3 PRODUCTS OFFERED
12.11.4 KEY DEVELOPMENTS
12.11.5 SWOT ANALYSIS
12.11.6 KEY STRATEGIES
12.12 FANGKUAI BOILER CO. LTD
12.12.1 COMPANY OVERVIEW
12.12.2 PRODUCTS OFFERED
12.12.3 KEY DEVELOPMENTS
12.12.4 SWOT ANALYSIS
12.12.5 KEY STRATEGIES
12.13 PT GRAND KARTECH TBK
12.13.1 COMPANY OVERVIEW
12.13.2 FINANCIAL OVERVIEW
12.13.3 PRODUCTS OFFERED
12.13.4 KEY DEVELOPMENTS:
12.13.5 SWOT ANALYSIS
12.13.6 KEY STRATEGIES:
12.14 PT BASUKI PRATAMA ENGINEERING
12.14.1 COMPANY OVERVIEW
12.14.2 FINANCIAL OVERVIEW
12.14.3 PRODUCTS OFFERED
12.14.4 KEY DEVELOPMENTS
12.14.5 SWOT ANALYSIS
12.14.6 KEY STRATEGIES
12.15 PT ATMINDO TBK
12.15.1 COMPANY OVERVIEW
12.15.2 FINANCIAL OVERVIEW
12.15.3 PRODUCTS OFFERED
12.15.4 KEY DEVELOPMENTS
12.15.5 KEY STRATEGIES
12.16 MAXITHERM BOILERS
12.16.1 COMPANY OVERVIEW
12.16.2 FINANCIAL OVERVIEW
12.16.3 PRODUCTS OFFERED
12.16.4 KEY DEVELOPMENTS
12.16.5 KEY STRATEGIES
12.17 TAISHAN GROUP
12.17.1 COMPANY OVERVIEW
12.17.2 FINANCIAL OVERVIEW
12.17.3 PRODUCTS OFFERED
12.17.4 KEY DEVELOPMENTS
12.17.5 SWOT ANALYSIS
12.17.6 KEY STRATEGIES
12.18 DEVOTION MACHINERY
12.18.1 COMPANY OVERVIEW
12.18.2 FINANCIAL OVERVIEW
12.18.3 PRODUCTS OFFERED
12.18.4 KEY DEVELOPMENTS
12.18.5 SWOT ANALYSIS
12.18.6 KEY STRATEGIES
12.19 DOOSAN HEAVY INDUSTRY & CONSTRUCTION
12.19.1 COMPANY OVERVIEW
12.19.2 FINANCIAL OVERVIEW
12.19.3 PRODUCTS OFFERED
12.19.4 KEY DEVELOPMENTS
12.19.5 SWOT ANALYSIS
12.19.6 KEY STRATEGIES
12.20 THERMODYNE ENGINEERING SYSTEM
12.20.1 COMPANY OVERVIEW
12.20.2 FINANCIAL OVERVIEW
12.20.3 PRODUCTS OFFERED
12.20.4 KEY DEVELOPMENTS
12.20.5 SWOT ANALYSIS
12.20.6 KEY STRATEGIES
12.21 FORBES MARSHAL
12.21.1 COMPANY OVERVIEW
12.21.2 FINANCIAL OVERVIEW
12.21.3 PRODUCTS OFFERED
12.21.4 KEY DEVELOPMENTS
12.21.5 SWOT ANALYSIS
12.21.6 KEY STRATEGIES
13 APPENDIX
13.1 REFERENCES
13.2 RELATED REPORTS

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