Package boiler Market - Introduction

A package boiler (also known as an industrial boiler) is a standalone unit that gets its energy from an integrated burner that is fueled by oil or gas. The package boiler is able to generate large steam output at high pressure and temperature. Package boiler is a complete factory-assembled unit with all accessories, mountings, and control instrumentation installed on it. The installation process is streamlined and there is minimal on-site assembly required since a package boiler is designed as a compact, single unit.

The benefits of package boilers in a commercial or industrial setting are wide-ranging and extensive. Package boilers frequently have higher turndown, automatic excess air trim, higher efficiency, better fuel ratio burner control, and very low emissions. New models of package boilers offer enhanced digital technology that help moderate emissions, turndown, and other key characteristics of boiler’s day-to-day performance. As technology is advancing, new developed boilers are capable of burning natural gas, biomass, biogas, solid waste, wet wood, sewage sludge, and others. The capability of package boilers to offer lower carbon emission, along with their reduced heating costs and high energy efficiency are some of the key properties that are likely to drive the package boiler market during the forecast period.  

Package boiler Market – Competitive Landscape

IHI Corporation

IHI Corporation is a manufacturer of machinery and equipment system used in four industries: resource, energy and environment; social infrastructure and offshore facilities; industrial systems and general-purpose machinery; and aero engine, space and defense. The company is headquartered in Tokyo, Japan. Its resources, energy and environment segment offers boilers, gas turbine/ diesel engines/ gas engines, LNG receiving terminal storage tank, process plants, pharmaceutical plants, equipment for plants, and nuclear energy.

MIURA AMERICA CO., LTD

Founded in 1927, Miura is a manufacturer and service provider of the hot water, modular and steam boiler systems. The company has manufacturing facilities in Southeast Asia, the Americas, Europe and the Middle East.

Planning to lay down future strategy? Perfect your plan with our Report Brochure here

Superior Boiler Works, Inc.

Incorporated in 1917, Superior Boiler Works, Inc is located in Kansas, U.S. The company manufactures and markets scotch marine firetube, condensing boilers, and boiler room equipment for process steam, hot water, and waste recovery. The company offers commercial as well as industrial boilers.

Babcock & Wilcox Enterprises, Inc

Founded in 1867, Babcock & Wilcox Enterprises, Inc is based in Barberton, Ohio, U.S. The company provides solutions for energy and environmental technologies and services for the power and industrial markets, with operations, subsidiaries and joint ventures globally. The company offers boilers, boiler cleaning equipment, emission control system, cooling systems, ash and material handling system, control monitoring system, etc. for power generation industry, oil industry, paper pulp industry, petrochemical industry, etc.

Johnston Boiler

Johnston Boiler Company manufactures the scotch marine firetube boiler. In addition to boilers, the company also offers a deaerators, surge tanks, and blow down heat recovery systems. The company provides its products for various applications such as special fuels, waste heat, marine and hazardous location applications, and digital fuel-air control systems. The company is founded in 1867 and headquartered in Michigan, U.S.

Some of the key players operating in the global package boiler market include Parker Boiler, Rentec Boilers Systems, York-Shipley, Kawasaki Thermal Engineering Co., Ltd., Williams & Davis Boilers, Microtech Boilers Private Limited, The Fulton Companies, Forbes Marshall, Hurst Boiler & Welding Co, Inc., and  ACTOM (Pty) Ltd..

Package boiler Market – Dynamics

Ongoing Investments on Expansion of Manufacturing Facilities Coupled with Rapid Industrialization is Expected to Propel the Global Package Boiler Market

Package boilers are primarily deployed for steam and hot water generation across various industrial sectors including chemical, primary metals, pulp & paper, food & beverage, refinery, and other manufacturing. the package boiler industry is expected to witness robust growth on account of growing adoption of water heating solutions and energy efficient space along with current regulatory measures toward mitigating greenhouse gas (GHG) emissions.

The rising demand for clean energy sources coupled with the expansion of non-renewable power plants is expected to drive the package boiler market during the forecast period

Increasing demand for package boilers to develop the combustion efficiency of biomass utilizing new materials is anticipated to drive the growth opportunities for the global package boilers market during the forecast period. Moreover, growing demand for processed food and rising disposable income positively influences the industry growth

Looking for exclusive market insights from business experts? Request a Custom Report here

Package boiler Market – Segmentation

The package boiler market can be bifurcated on the basis of:

  • Product
  • Technology
  • Capacity
  • Fuel
  • Region

Package boiler Market Segmentation – By Product

On the basis of the product, the package boiler market can be fragmented into:

  • Water-Tube
  • Fire-Tube
  • Electric

Package boiler Market Segmentation – By Technology

On the basis of the technology, the package boiler market can be fragmented into:

  • Condensing
  • Non-Condensing

Package boiler Market Segmentation – By Capacity

On the basis of capacity, the package boiler market can be fragmented into:

  • 10 MMBtu/hr
  • 10-25 MMBtu/hr
  • 25-50 MMBtu/hr
  • 50-75 MMBtu/hr
  • 75-100 MMBtu/hr
  • 100-175 MMBtu/hr
  • 175-250 MMBtu/hr
  • >250 MMBtu/hr

Package boiler Market Segmentation – By Fuel

On the basis of fuel, the package boiler set market can be fragmented into:

  • Gas
  • Oil
  • Coal

Package boiler Market Segmentation – By Application

On the basis of application, the package boiler set market can be fragmented into:

  • Chemical
  • Food
  • Refinery
  • Paper
  • Primary Metals
  • Others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.