Lewes, DE -- (SBWIRE) -- 03/11/2015 -- Report forecast the Global Industrial Boiler market to grow at a CAGR of 2.96 percent over the period 2015-2019.

An industrial boiler is a closed vessel used to generate steam for various industrial heating and humidification applications. The boiler has a heat source (furnace), which boils water at a rate higher than its boiling point, and a heat transfer medium (pipes or tubes for heat exchange). Many industrial boiler vendors offer superior quality and customized industry-specific boilers for increased operational efficiency in the Power, Oil and Gas, and Chemicals and Petrochemical industries.

The report covers the present scenario and the growth prospects of the Global Industrial Boiler market for the period 2015-2019. The market can be segmented into the following segments: 1-5 TSPH, 6-25 TSPH, 26-100 TSPH, 101-300 TSPH, and 301-2,000 TSPH.

According to the lead analyst of this report, government initiatives with regard to eco-friendly processes are a key trend that is expected to have a positive impact on the market dynamics in the coming years. The need for protecting the environment has forced various governments to implement restrictions on the emission of greenhouse gases from industries.

According to the report, one of the major drivers expected to impact the market growth is the increased need for energy. Developing countries like China and India are witnessing a huge demand for energy because of rapid industrialization and urbanization.

Further, the report states that the high cost of raw materials like steel is expected to pose a huge challenge to the market vendors. Inflation and the lack of availability of various materials has led to a consistent increase in the price of these materials, thus forcing boiler vendors to incur high investments in boiler production.

The Global Industrial Boiler Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Industrial Boiler market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

This report covers the following companies as the key players in the Global Industrial Boiler Market: Alstom SA, Foster Wheeler AG and Hitachi Ltd.

Other Prominent Vendors in the market are: AB&CO Group, Alfa Laval Aalborg, ANDRITZ Energy & Environment, B&S Piping, Babcock & Wilcox, Bharat Heavy Electricals, Hangzhou Boiler Group, Harbin Power Equipment, Indeck Power Equipment, Mitsubishi Heavy Industries, Miura Boiler, Suzhou Hailu Heavy Industry, Taishan Group, Tai Yuan Boiler Group, Thermogenics, TT Boilers, Wellman Group and Wellman Robey.

Key Regions
- Americas
- APAC
- EMEA

Market Driver
- Increased Need for Energy
- For a full, detailed list, view our report

Market Challenge
- High Costs of Raw Materials
- For a full, detailed list, view our report

Market Trend
- Government Initiatives
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors

Spanning over 77 pages, "Global Industrial Boiler Market 2015 - 2019" report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Product, Market Segmentation by End-users, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-industrial-boiler-market-2015-2019

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