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Steam Boiler Systems - Global Market Analysis and Outlook to 2027 -

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Global Steam Boiler Systems Market to Reach US$22.3 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Steam Boiler Systems estimated at US$18.5 Billion in the year 2020, is projected to reach a revised size of US$22.3 Billion by 2027, growing at a CAGR of 2.7% over the analysis period 2020-2027.

Boiler, one of the segments analyzed in the report, is projected to grow at a 3.4% CAGR to reach US$10 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Economizer segment is readjusted to a revised 2.8% CAGR for the next 7-year period. This segment currently accounts for a 22.9% share of the global Steam Boiler Systems market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 5.1% CAGR for the Period of 2020-2027

The Steam Boiler Systems market in the U.S. is estimated at US$5 Billion in the year 2020. The country currently accounts for a 27.03% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$4.5 Billion in the year 2027 trailing a CAGR of 5.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR while Rest of European market (as defined in the study) will reach US$4.5 Billion by the year 2027.

Superheater Segment Corners a 14.9% Share in 2020

In the global Superheater segment, USA, Canada, Japan, China and Europe will drive the 1.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.1 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Billion by the year 2027, while Latin America will expand at a 3% CAGR through the analysis period.

The publisher brings years of research experience to this 6th edition of the report. The 388-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Alfa Laval AB
  • Amec Foster Wheeler PLC
  • Bharat Heavy Electricals Ltd.
  • Bosch Industriekessel GmbH
  • Byworth Boilers
  • Cleaver-Brooks, Inc.
  • Cochran Ltd.
  • Devotion Machineries Co. Ltd.
  • Doosan Heavy Industries & Construction Co. Ltd.
  • Forbes Marshall Pvt. Ltd.
  • Fulton Boiler Works, Inc.
  • General Electric Company
  • Hurst Boiler & Welding Co. Inc.
  • Mitsubishi Heavy Industries Ltd.
  • Parker Boiler Company
  • RENTECH Boiler Systems, Inc.
  • Siemens AG
  • Thermax Global
  • Thermodyne Engineering System
  • Vapor Power International
  • Viessmann Ltd.
  • Zhengzhou Boiler (Group) Co. Ltd.

Total Companies Profiled: 46

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