Gas Fired Boiler Market 2019 to cross USD 20 billion with 4% CAGR by 2024

Gas Fired Boiler Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

Pages:  830

Tables: 1172

Charts / Figures:          101

Companies covered:   47

Countries covered:      27

Gas Fired Boiler Market is predicted to exceed USD 20 Billion by 2024. Reviving economic growth across developing nations along with rising focus toward adoption of energy efficient water and space heating will stimulate the industry growth. Ongoing infrastructural investment along with regulatory measures to mitigate the GHG emissions will fuel the adoption of gas fired boilers. The EU has set key target to minimize greenhouse gas emissions by 40% as compared to 1990 levels.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • Fulton Boiler Works
  • Babcock & Wilcox
  • Hurst Boiler and Welding
  • Forbes Marshall
  • AMEC Foster Wheeler
  • Rentech Boiler
  • Miura America
  • Hoval
  • Fondital
  • Viessmann
  • SIME
  • Groupe Atlantic
  • Bosch
  • Weil-McLain
  • Ferroli
  • Bradford White Corporation
  • Burnham Holdings
  • O. Smith
  • BDR Thermea Group
  • Parker Boiler
  • Vaillant

Rising focus toward substitution of traditional boilers on account of their growing maintenance costs and inferior operational performance will stimulate the gas fired boiler market share. Low maintenance costs, high energy efficiency along with easy availability of fuel are few of the prominent features which will further encourage the product adoption. As per the EIA, in 2016, over 7,700 bcf of natural gas was utilized by the industrial sector.

Resurgent economic growth in key nations across the globe coupled with changing trends toward processed food consumption will drive industrial gas fired boiler market. As per the United Nations Industrial Development Organization, in 2016, the chemical industries added over USD 400 billion to total manufacturing value. Favorable government policies toward the expansion and development of commercial and industrial infrastructures will further complement the business landscape.

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<10 MMBtu/hr natural gas fired boiler market, in 2017, was worth over USD 9 Billion. These units have significant penetration in commercial sector and ongoing infrastructural investments toward development of urban establishments will support the industry growth through 2024. Escalating demand for water and space heating across developing economies will enhance the product penetration. Furthermore, the industry expansion may be attributed to improving availability of natural gas for commercial and domestic space heating.

Features comprising reduced heating costs, high energy efficiency and the product’s ability to offer comparatively lower emission have significantly contributed toward condensing gas fired boiler market growth. The condensing technology involves recovery of latent heat generated by condensing the steam from exhaust. However, high initial cost and limitation to work under low temperatures may hinder the technology adoption.

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Asia Pacific natural gas fired boiler market is set to witness growth on account of positive outlook toward manufacturing sector along with growing service sector. Rising focus toward replacement of conventional low-efficiency residential boilers along with rapid urbanization across various Asian economies will in turn fuel the demand for gas fired boilers for residential sector across the region.

Notable players operating in the gas fired boiler market include: Miura America, Babcock & Wilcox, AMEC Foster Wheeler, Forbes Marshall, Ferroli, Fulton, Vaillant, Rentech Boiler, Fondital, Viessmann, Weil-McLain, Bradford White, Groupe Atlantic, Burnham Holdings, Hoval, BDR Thermea Group, A.O. Smith, Parker Boiler, Bosch, Carrier and Hurst Boiler among the others.

 Partial Table of Contents (ToC) of the report:

Chapter 5   Gas Fired Boiler Market, By Capacity

5.1   Gas fired boiler market share by capacity, 2017 & 2024

5.2   <10 MMBtu/hr

5.2.1   Global market from <10 MMBtu/hr, 2013 – 2024

5.2.2   Global market from <10 MMBtu/hr, by region, 2013 – 2024

5.3   10-50 MMBtu/hr

5.3.1   Global market from 10-50 MMBtu/hr, 2013 – 2024

5.3.2   Global market from 10-50 MMBtu/hr, by region, 2013 – 2024

5.4   50-100 MMBtu/hr

5.4.1   Global market from 50-100 MMBtu/hr, 2013 – 2024

5.4.2   Global market from 50-100 MMBtu/hr, by region, 2013 – 2024

5.5   100-250 MMBtu/hr

5.5.1   Global market from 100-250 MMBtu/hr, 2013 – 2024

5.5.2   Global market from 100-250 MMBtu/hr, by region, 2013 – 2024

5.6   >250 MMBtu/hr

5.6.1   Global market from >250 MMBtu/hr, 2013 – 2024

5.6.2   Global market from >250 MMBtu/hr, by region, 2013 – 2024

Chapter 6   Gas Fired Boiler Market, By Technology

6.1   Gas fired boiler market share by technology, 2017 & 2024

6.2   Condensing

6.2.1   Global market from condensing, 2013 – 2024

6.2.2   Global market from condensing, by region, 2013 – 2024

6.3   Non-condensing

6.3.1   Global market from non-condensing, 2013 – 2024

6.3.2   Global market from non-condensing, by region, 2013 – 2024

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