Europe Boiler System Market – Overview
The use of boiler systems has intensified in the past few years due to the rise in the heating requirements in buildings around the world. Market reports linked to the industrial automation & equipment industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is anticipated to reach USD 3,573.6 million in revenues in the duration of the forecast period.
The growing demand for central heating which has become a necessity is spurring high growth in the boiler system market in the European region. The convenience offered by boiler systems and upgradation in the features is boosting the market expansion. Substantial development in the food processing sector due to rising food demand is increasing the impetus for growth in the market. Furthermore, the demand for clean energy sources is gaining momentum which will boost market expansion over the forecast period.
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Key Players
Danstoker Boilers (Denmark), Bosch Industriekessel (Germany), Babcock & Wilcox Enterprises, Inc. (U.S.), AC Boilers S.p.A (Italy), Mitsubishi Hitachi Power Systems, Ltd. (Japan), ATTSU Termica (Spain), Rentech Boilers (U.S.), Byworth Boilers (U.K.), Proodos Industrial Boilers (Greece), and Siemens AG (Germany) are some of the leading players operating in this market.
Segmental Analysis
The segmentation of the Europe boiler system market is carried out on the basis of type, capacity, and countries. On the basis of Type, the Europe boiler system market consists of Gas Fired and Oil Fired. The market segmentation on the basis of capacity consists of 20 to 40 Tonnes, upto 20 Tonnes and 40 to 50 Tonnes. The countries included in the market comprise of Italy, Germany, Spain, U.K., Poland, France and Holland.
Detailed Regional Analysis
The regional analysis of the market consists of countries such as Italy, Germany, Spain, U.K., Poland, France and Holland. It has been observed that Germany controls the market with 24% of share in 2015, in terms of value. It is anticipated to expand at a 4.84% CAGR during the forecast period. The increasing demand for clean energy sources is anticipated to drive the market in the region. While the U.K. is anticipated to expand at a 4.59% CAGR and achieve a market size of USD 703.9 million by 2022.
Industry Updates:
October 2018 UK based organic waste firm, Tidy Planet, is utilizing Spanish industrial heater Specialist, SUGIMAT’s Artificial Vision System (AVS) technology of new intelligent boiler monitoring for the first time. The new technology can effectively regulate air flow, grate movement and fuel feed to enhance the environment for highest heat output and fuel efficiency, as well as reduce emissions.
Jan 2018 New York City will spend $200 million to upgrade aging boiler systems in public-housing projects. Around $81.9 million of the money will go to purchase 39 new boilers at 10 housing developments across the city during the next four years. Another $73.9 million will go to heating-system upgrades at 12 developments, and $26.6 million to install temperature controls in the boiler systems at 15 developments.
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Table of Contents
1 Introduction
2 Research Methodology
3 Market Dynamics
4 Market Factor Analysis
5 Europe Boiler System Market, By Type
6 Europe Boiler System Market, By Capacity
7 Europe Boiler System Market, By Region
8 Competitive Scenario
9 Company Profiles
10 List of Tables
11 List of Figures
Continued…….
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