Global Fuel Flexible Boiler Market 2024-2028
The fuel flexible boiler market is forecasted to grow by USD 1267.1 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the fuel flexible boiler market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing need for natural gas thermal power generation, growing population and urbanization, and regulations toward reducing the carbon footprint.
Technavio's fuel flexible boiler market is segmented as below:
By End-user
- Food and beverages
- Chemicals and petrochemicals
- Pulp and paper
- Oil and gas
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the shifting trends toward low emission natural gas as one of the prime reasons driving the fuel flexible boiler market growth during the next few years. Also, growing demand for alternative energy sources and efficiency of fuel flexible boiler will lead to sizable demand in the market.
The report on the fuel flexible boiler market covers the following areas:
- Fuel flexible boiler market sizing
- Fuel flexible boiler market forecast
- Fuel flexible boiler market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fuel flexible boiler market vendors that include AE and E Nanjing Boiler Co. Ltd., Alfa Laval AB, ALSTOM SA, Andritz AG, Babcock and Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Cheema Boilers Ltd., Doosan Heavy Industries and Construction Co. Ltd., Fluor Corp., General Electric Co., Larsen and Toubro Ltd., Mitsubishi Heavy Industries Ltd., Parker Boiler Co., RAJDEEP BOILER PVT. LTD., Shanghai Electric Group Co., Siemens AG, Thermax Ltd., thyssenkrupp Industries India Pvt. Ltd., Walchandnagar Industries Ltd., and Zhengzhou Boiler (Group) Co. Ltd.. Also, the fuel flexible boiler market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.