Global Package Boilers Market Size By Type (Water-Tube Package Boilers, Fire-Tube Package Boilers), By End-Use Industry (Food and Beverage, Oil and Gas), By Fuel (Oil, Biomass), By Design (D-Type Package Boilers, O-Type Package Boiler), By Geographic Scope And Forecast

Package Boilers Market Size and Forecast

Package Boilers Market size was valued at USD 9.00 Billion in 2022 and is projected to reach USD 13.63 Billion by 2030, growing at a CAGR of 4.60% from 2023 to 2030.

The high demand for package boilers from the food and beverage industry is anticipated to boost the growth of the Global Package Boilers Market. The Global Package Boilers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Package Boilers Market Definition

A package boiler is also called an industrial boiler. The package boilers get their energy from an integrated burner that is fueled by oil or gas. The package boilers can generate large steam output at high pressure and temperature. The package boiler is a standalone factory-assembled unit that comes with all mountings, accessories, and control instrumentation installed on it. The package boilers require no or minimal on-site assembly since it is a compact and single units. The package boilers find their uses across different end-user industries owing to their high efficiency.

Global Package Boilers Market Overview

The growth of the Global Package Boilers Market is being driven by rising ultra-mega power projects across the globe. The increasing demand for package boilers in the food and beverage industry is one of the important drivers that is driving the growth of the Global Package Boilers Market. The package boilers are easy to install compared to other types of boiler systems and hence the Global Package Boilers Market is flourishing at a rapid pace. Also, the rapid growth of the oil-based fuel and fire tube boiler industry will create new opportunities for the market to grow.

Global Package Boilers MarketSegmentation Analysis

The Global Package Boilers Market is segmented on the basis of Type, End-Use Industry, Fuel, Design, And Geography.

Package Boilers Market, By Type

• Water-Tube Package Boilers• Fire-Tube Package Boilers• Electric Boilers• Others

Based on Type, The market is bifurcated into Water-Tube Package Boilers, Fire-Tube Package Boilers, Electric Boilers, and Others. The Fire-Tube Package Boilers are dominating the Global Package Boilers Market owing to their increasing usage n marine applications.

Package Boilers Market, By End-Use Industry

• Food & Beverage• Oil & Gas• Chemical• Paper & Pulp• Others

Based on End-Use Industry, The market is bifurcated into Food & Beverage, Oil & Gas, Chemical, Paper & Pulp, and Others. The Food & Beverage segment is dominating the market owing to increasing production capacities and advancements.

Package Boilers Market, By Fuel

• Oil• Biomass• Gas• Others

Based on Fuel, The market is bifurcated into Oil, Biomass, Gas, and Others. The Oil segment is dominating the market owing to limited access to natural gas.

Package Boilers Market, By Design

• D-Type Package Boilers• O-Type Package Boiler• A-Type Package Boilers

Based on Design, The market is bifurcated into D-Type Package Boilers, O-Type Package Boiler, and A-Type Package Boilers. The D-Type Package Boilers segment is expected to maintain its prominent position over the forecast period. The D-Type Package Boilers decrease the overall project cycle time as well as decrease the cost as well.

Package Boilers Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, The Global Package Boilers Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by Asia pacific. The dominance of the Asia pacific is credited to rapid industrialization and infrastructural development.

Key Players

The “Global Package Boilers Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Cleaver-Brooks, Inc., Mitsubishi Hitachi Power Systems, Ltd, Babcock & Wilcox Enterprises, Inc., Amec Foster Wheeler PLC, Thermax Limited, Hurst Boiler & Welding Company, Inc, Johnston Boiler Company, Calderas Powermaster, IHI Corporation, Forbes Marshall Private Limited. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In November 2021, Thermax expanded its business in the renewable space and it is helmed by Thermax’s subsidiary, First Energy Private Limited and that work in commercial and industrial space.

• In April 2022, IHI and Fujitsu declared a partnership for the joint project on a new environmental value distribution platform with the use of Blockchain Technology. They will issue tokens of environmental value as per carbon reductions.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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