GlobalChina Industrial Boilers Marketis forecast to reach $2.8 billion by 2025, estimated to grow at a CAGR of 7.2% from 2020 to 2025. China Industrial Boilers Market is driven by the high use of boiler in chemical industry and in power generation sectors. China is one the leading chemical producer in the world, hence it uses industrial boiler on large scale. The replacement of coal fired boiler with biomass boiler, for higher efficiency and lower air pollution is going to boost the industrial boiler market in China. Additionally introduction of advance technology such as IoT for monitoring and controlling the boiler drum level and performing rapid action is going provide huge growth to industrial boiler market in China.
By Product Type- Segment Analysis
Fire tube boiler is estimated to hold the major share in China Industrial Boilers marketduring the forecast period.The fire tube boilersare available at a cheaper rate as compared to water tube boiler, which is going to provide huge potential to fire tube boiler in smaller industrial operating with lower pressures. Additionally, fire tube boiler aresimple in construction, compact in size and the ability to easily meet rapid fluctuations in steam demand, is going to provide huge growth to china industrial boiler market in various industrial verticals. Moreover, fire tube boiler offers better efficiency than water tube boiler and introduction of flex tube is going to boost the growth fire tube boiler demand in the China industrial boiler market.
End User-Segment Analysis
Chemical industry is estimated to hold the major share in China Industrial Boilers Market during the forecast period. The increasing demand of biomass boiler, as it offers efficiency up to 88.3% and lower air pollution is going to boost the industrial boiler market in China. According CEFIC in the year 2018, China held 35.8% of global chemical sale and is increasing rapidly, which is going to provide huge growth to industrial boiler market in China.Additionally, introduction of an effective and cost- effective technology to reduce the N2O emission from circulating fluidized bed boiler is going to provide huge growth to China industrial boiler market in chemical industry.
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Drivers – China Industrial Boilers Market
Introduction of Advance Technologies
The introduction of advance technologies such as Internet of Things (IoT) and cloud computing is going to boost the Industrial boiler market in China. These advance technology helps in monitoring and controlling the boiler drum level and performing rapid action by the use IoT connected devices such as Smartphone or laptops etc. Additionally use of IoT instead other communication control system can provide better speed of control with less space and low power consumption.
Growing Food and Beverage Industry
The growing F&B industry is going to use of industrial food boilers in large scale for generating steam to process or sanitize food products, which is going to provide huge growth to China industrial boiler market. The steam boilers are widely used in different distillation process and it also helps in reducing the microbiological threat. Additionally China has the world’s largest population and one of the most rapidly developing consumer markets in the world, which is going to boost the industrial boiler market in F&B sector.
Challenges – China Industrial Boilers Market
Boiler Temperature
The temperature of the boiler is one of the major problems in the growth of China industrial boiler market. The regular checking of the temperature boiler is required. The overheating of boiler is dangerous and hasa risk of breakdown, overheating can also lead to explosion and leakage.Overheating can be caused due to various reasons such as excess sediment inside the tank, a broken fill-valve and others.
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Market Landscape
Launches, Innovations and R&D activities are key strategies adopted by players in theChina Industrial Boilers Market. China Industrial Boilers Marketis expected to be dominated by major companies such asShanghai Boiler Works Co, Devotion Group, Shanghai Boiler Works Co,Wuhan Boiler Company Limited and Others.
Innovation/Launches
• In February 2019, SEC chemical technology, was set up in Shanghai Boiler Works Co., which is going to improve quality of industrial boiler, this is going to provide huge growth to industrial boiler market in China.
• In January 2020, Devotion Group had acquired Changzhou Boiler co ltd, to increase the production capacity and improve the competitiveness, which is going to boost the industrial boiler market in China.
Key Takeaways
- The high usage of industrial boiler in Chemical and Power generation industry, is driving the growth of industrial boiler market in China.
- Fire tube boiler is estimated to hold the major share of Industrial boiler market in China. As it offers better efficiency at cheaper cost with additional benefits such as flexible tube and others, which is going to provide huge growth to China industrial boiler market.
- The introduction of advance technology such as internet of things (IoT) which provides better control over industrial boiler with less space and power consumption. This is going to boost industrial boiler market in China.
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Contact Information:
Venkat Reddy
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Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677
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Contact Information:
Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677