Europe Boiler System Market Forecast To 2027
Market Synopsis
The Europe boiler system market was valued at USD 1,900.4 million in 2014 and is expected to reach USD 3,573.6 million by 2023.
The boiler is a pressure vessel that is used to create and supply steam required for various processes within industries. Industrial Boilers are extensively used across industries such as metal, food & beverage, and chemical. The recent trends in the industrial boiler market suggest increasing demand for higher efficiency and effectiveness. The growth of the Europe boiler system is due to factors such as significant growth in the food processing sector and growing demand for clean energy sources. However, high maintenance cost is a major restraint that could hinder the market growth.
Market Segmentation
The Europe boiler system market has been segmented based on type, capacity and country. By type t,he market is divided into Oil Fired and Gas Fired.
the market has been segmented, based on capacity, as Upto 20 Tonnes, 20 to 40 Tonnes, and 40 to 50 Tonnes.
Regional Analysis
Germany dominates the market with a significant CAGR, in terms of value. It is expected to grow at 4.84% CAGR during the forecast period. Growing demand for clean energy sources is expected to drive the market in the region. While the U.K. is expected to grow at a notable CAGR owing to the largest market value of USD 703.9 million in 2022.
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.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Companies Mentioned
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)
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