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Steam Boiler System Market - Growth, Trends, Covid-19 Impact, And Forecasts (2022 - 2028)

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Global Steam Boiler Systems Market was valued at USD 19 billion in 2021 and is expected to reach USD 22.90 billion by the year 2028, at a CAGR of 2.7%.

A steam boiler is a vessel, it is commonly made of steel, water is heated to get steam, and heat is produced by the combustion of fuel. Boilers come in different shapes and sizes but their purpose is the same. The ultimate aim of a steam boiler system is to generate steam by boiling the water. There are mainly two types of boilers Fire tube and water tube boilers. In the Fire tube boiler, the fire is inside the tube and in the Water, tube boiler water is inside the tube. The minimum capacity of a steam boiler is containing 10 liters of water. All boilers give heat to the water which is further converted into steam and goes to perform various activities in industries. Open and closed are the two kinds of boiler systems, in a closed system, 100 percent of the steam in the form of water is returned to the vessel due to this the water can be reused for the second cycle.

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The Global Steam Boiler Systems Market study contains information on the global industry, as well as user data and numbers. The Global Market is examined in depth in this research report, including raw material suppliers, industry chain structures, and manufacturing. The Steam Boiler Systems Market Sales market investigates the market's most important segments. This insightful analysis includes historical data as well as a predicted timeframe. This report examines the whole value chain, as well as downstream and upstream fundamentals.

Leading Key Players Covered Steam Boiler Systems Market: -

  • Alfa Laval Ab
  • Thermax Limited
  • IHI Corporation
  • Babcock Wilcox Enterprises, Inc.
  • Forbes Marshall
  • Bharat Heavy Electricals Limited
  • Harbin Electric Group (China)
  • General Electric
  • Hurst Boiler Welding Co, Inc.
  • AC Boilers
  • Siemens
  • Mitsubishi Heavy Industries, Ltd.
  • Thyssenkrupp Ag
  • Viessmann Limited and other major players.

 

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Segmentation of Steam Boiler Systems Market: -

By Type         

  • Water Tube
  • Fire Tube

By End-User 

  • Power Generation
  • Food Industries
  • Refineries
  • Others

 

By Region     

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

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Covid-19 Impact Analysis on Steam Boiler Systems Market

COVID-19 had done adverse impact on the Steam Boiler Systems Market. The market witnessed a slow growth in 2020 as compared to 2019. The slow growth in 2020 was due to supply chain disruptions across the world. COVID-19 resulted in a temporary ban on many manufacturing processing activities across various industries, the steam boilers are used in food, clothing, and power generating industries.

Reasons to Purchase this Market Report:

  • Market forecast analysis through recent trends and SWOT analysis
  • Steam Boiler Systems Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
  • Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
  • Steam Boiler Systems Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
  • Competitive environment related to the Steam Boiler Systems Market share for key players, along with new projects and strategies that players have adopted over the past five years

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