Boilers are closed vessels that convert fluid into vapour under high pressure through heating. An The oil fired boiler is a heating device which uses a heat exchanger to heat either air or water with heating oil or biodiesel fuel. Oil fired boilers are highly efficient as oil boilers nearly use all of the heat and gas created from burning of fuel.
MARKET SCOPE
The "Global Oil Fired Boiler Market Analysis 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 Oil Fired Boiler Market with detailed market segmentation by product type, by application and by geography. The Oil 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 Oil Fired Boiler Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Oil Fired Boiler Market has been segmented by fuel type, by type, by consumer and end use. By fuel type the market has been segmented into heating oils, diesel and others. By type the market has been bifurcated into combi oil boiler, regular oil boiler and system oil boiler. By consumer the market has been bifurcated into industrial, residential and commercial. By end use the market has been bifurcated into chemical, metal, food and beverages and oil and gas.
MARKET DYNAMICS
Growth Factors
- Low Oil prices and rising electricity prices will show a growth in oil fired boiler market
- Increasing dependency on oil fired boiler for heating and hot water solutions
- Rise in the use of fired boilers in pharma, food sectors due to high efficiency
Restraints
- Stringent government laws to control emissions
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 Oil 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 Oil 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 Oil Fired Boiler Market in these regions.
Impact of Covid-19 on Oil 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 Oil Fired Boiler Market. The negative impact was due to the economic contractions and reduction in demand of power from various sectors. Also, the demand for various fuel sources, such as coal, gas, and nuclear power that generate electricity had dropped during the period of lockdown. But on the other hand several essential sectors relied on the continued safe operations of boilers even during the crisis. As the number of cases are on a decline and restrictions being removed the Oil Fired Boiler Market is expected to see a rise in the coming years.
MARKET PLAYERS
The report covers vital developments in the Oil 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 Oil Fired Boiler Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Oil Fired Boiler Market. Below mentioned is the list of a few companies engaged in the Oil Fired Boiler Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in Oil 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
- Thermax
- Forbes Marshall
- Fulton
- Alfa Laval
- Clayton
- Bradford White
- Weil-Mclain
- Andritz
- A.O. Smith