This affects the overall delivery time of the boiler projects At times these suppliers can even be from overseas locations, due to which procurement of these parts takes up a lot of time. The industrial boilers involve various parts, which are sourced from different suppliers.Growth of the industries like textiles, food processing, electricity generation, across various developing economies, is the key development factor responsible for the industrial boilers market growth.
Request free sample of this research report at: įurther key findings from the report suggest However, strict emission regulations laid by the regulating bodies, high installation cost associated with the industrial boilers and long waiting time for manufacturing of customized boilers are the major hindrance for market growth during 2019-2026. High paced manufacturing across the globe, unmet needs of industries pushing the boiler technology development, significant focus of boiler manufacturing companies on development of highly efficient and safe boilers, availability of public as well private funds for research, and favourable regulatory scenario, are some of the key factors propelling market growth in the industry. Recent emergence of CAD along with CFD for advanced boiler design, optimized utilization of available oxygen for better combustion of fuel, efficient condensing units and low emission boilers are causing disruption in the industrial boiler market. Boilers are used in a large number of industries such as food and beverages, manufacturing, textiles, chemicals, etc. The study covers the boilers that are used in various industries for steam generation process. 08, 2019 (GLOBE NEWSWIRE) - According to the current analysis of Reports and Data, the global Industrial Boiler market was valued at USD 12.80 Billion in 2018 and is expected to reach USD 20 Billion by year 2026, at a CAGR of 5.8%.
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