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Steam Boiler System Market by Component, Type, Fuel, End-user, and Region- Global Forecast to 2023

The global steam boiler system market is projected to reach a market size of USD 21.63 billion by 2023, at a CAGR of 4.13%, from an estimated USD 17.66 billion in 2018. This growth can be attributed to the increase in the use of steam boilers in manufacturing and process industry globally. Moreover, to support the rise in demand for power from manufacturing industries new power plants are being setup which is further increasing the demand for steam boiler system.

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Steam Boiler System Market by Component, Type, Fuel, End-user, and Region- Global Forecast to 2023

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  1. Steam Boiler System Market by Component, Type, Fuel, End-user, and Region- Global Forecast to 2023 www.MarketsandMarkets.com

  2. Water-tube boiler is expected to be the fastest growing market for steam boiler system, by type, during the forecast period. Water-tube boiler segment led the steam boiler system market in 2017. Water-tube boilers are more efficient than fire-tube boilers. Water tube boilers have larger boiler capacities, higher pressure levels, and the ability to provide high steam temperatures of up to 650 °C. Such boilers are mostly used in power generation utilities. The rise in the consumption of electricity and increasing energy prices is likely to drive the steam boiler system market during the forecast period. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=229981348

  3. Biomass-fired steam boiler, by fuel, is expected to grow at the highest CAGR during the forecast period. The biomass-fired steam boiler segment is projected to grow at the highest CAGR from 2018 to 2023. The primary source of fuel for such kind of biomass-fired steam boilers includes crops and wastes such as rice husk, wood, sawdust, forest and mill residue, fast-growing trees and plants, and industrial waste. Biomass can be used in two different ways to produce heat, namely, directly via combustion or indirectly by converting it into various types of fuels such as methane gas, ethanol, and biodiesel. The heat produced by burning biomass can be used to heat homes, generate electricity, and power vehicles. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=229981348

  4. Browse >> 73 market data tables 33 figures 139 pagesand in-depth TOC on “Steam Boiler System Market - Global Forecast to 2023” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. Asia Pacific: The leading market for Steam Boiler System In this report, the steam boiler system market has been analyzed with respect to 5 regions, namely, the Asia Pacific, North America, South America, Europe, the Middle East, and Africa. The Asia Pacific led the global steam boiler system market in 2017. China is expected to lead the Asia Pacific steam boiler system market during the forecast period and is projected to grow at the highest CAGR from 2018 to 2023. Power plants are one of the major end-users of steam boiler systems in China.  The country is one of the largest consumers of electricity in the world and to meet the growing demand for power; it is investing heavily in setting up new plants across all provinces to ensure steady power supply across industries. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=229981348

  6. Target Audience: • Steam boiler manufacturers • Central and state utilities and the private players involved in power generation • Distributors and suppliers • Government and research organizations • Industry, energy, and environmental associations • Investment banks • Manufacturing technology providers • Manufacturing and processing industries • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=229981348

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the steam boiler system market. The key players include • Bosch (Germany), • GE (US), • Alfa Laval (Sweden), • Thermax (India), • Cochran (UK), • Viessmann (Germany), • Doosan (South Korea), etc • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=229981348

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.com

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