A boiler is a closed vessel which is used to heat fluids. Gas fired boilers use natural gas and liquefied petroleum gas as fuel. Gas fired boilers are generally used for steam & hot water generation in industrial and residential establishments. Gas fired boilers can achieve higher efficiency levels compared to oil fired boilers.
MARKET SCOPE
The "Global Gas Fired Boiler Market to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Gas Fired Boiler Market with detailed market segmentation by fuel type, by capacity, by type, by end user, and by geography. The Gas Fired Boiler Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Gas Fired Boiler Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Gas Fired Boiler Market has been segmented into by fuel type, by capacity, by type, and by end user. By fuel type the market has been bifurcated into LPG, CNG, Biogas and LNG. By capacity the market has been bifurcated into less than 10 Mmbtu/hr, 10-50 Mmbtu/hr, 50-100 Mmbtu/hr and more than 100 Mmbtu/hr. By type the market has been bifurcated into vertical and horizontal. By end user the market has been bifurcated into residential, commercial and industrial.
MARKET DYNAMICS
Growth Factors
- Strict government regulations to control traditional coal fired boiler emissions
- Rapid increase in population and urbanization
- Increasing need of gas fired boilers in chemical and food industry
- Increasing need of gas fired boilers in commercial spaces
- Increasing environmental awareness
Restraints
- High initial investment
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Gas Fired Boiler Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Gas Fired Boiler Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Gas Fired Boiler Market in these regions.
Impact of Covid-19 on Gas Fired Boiler Market
The Covid-19 outbreak had a significant impact on a number of industries as well as the Oil Fired Boiler Market. With an increase in the number of covid 19 cases, several governments and local authorities imposed restrictions and lockdowns which affected the supply and demand chain and had a negative impact on the Gas Fired Boiler Market. On the other hand gas fired boilers were used in the residential sectors which helped the market a bit. As the number of cases are on a decline and restrictions being removed the Gas Fired Boiler Market is expected to see a rise in the coming years.
MARKET PLAYERS
The report covers vital developments in the Gas Fired Boiler Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Gas Fired Boiler Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Gas Fired Boiler Market. Below mentioned is the list of a few companies engaged in the Gas Fired Boiler Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Gas Fired Boiler Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Babcock & Wilcox
- Fulton Boiler Works
- Forbes Marshall
- Thermax
- General Electric
- Hurst Boiler and Welding
- Alfa Laval AB
- Thermodyne Engineering Systems
- Thyssenkrupp AG
- Bosch Industriekessel Gmbh
- Bradford White Corporation