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Package Boiler Market Overview
The Package Boilers Market is estimated to surpass $13.2 million mark by 2026 growing at an estimated CAGR of more than 4.4% during the forecast period 2021 to 2026. The market growth is mainly driven by the factors such as increasing demand for package boilers in oil & gas and food & beverages industries. A package boiler is self contained unit that draws energy from a built-in burner fueled by oil and gas. The package boilers are capable of producing large amount of steam at high pressure and temperature.
Benefits associated with these boilers is comparatively high than other industrial boilers such as low maintenance cost, easy installation. New boilers are developed due to the technology advancements where it can be used to burn natural gas, biogas solid waste, wet wood and others and not just limited to steam generator applications. These factors are set to boost the market growth for Package Boilers during the forecast period 2021-2026
Report Coverage
The report: “Package Boilers Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Package Boilers Market.
By Design type: D-type, O-type, A-type
By type: Water-tube Package boilers, Fire-tube Package boilers, Electric boilers, others.
By Fuel: Oil, Gas, Biomass, Coal, others.
By End User Application: Food & Beverages, Oil & Gas, Chemical, Paper, Manufacturing and Others
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, Australia and Others), South America (Brazil, Argentina and Others) and ROW (Middle East and Africa)
Key Takeaways
- The expansion of large scale projects in the developing economies is driving the market. Benefits associated with this boilers is comparatively high than other industrial boilers such as low maintenance cost, easy installation.
- Increased industrialization in the APAC is driving the opportunity to grow in the forecast period.
- The food and beverage industry which is a major market for the Package boiler industry will contribute more to the package boiler market.
Package Boilers Market, By Region, 2020
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Package Boiler Market Segment Analysis – By Design type
Market is segmented into D-type, O-type, and A-type. D-type package boilers are more effective and thus accounted for 51.2% share in 2020 because of reduced cycle time and low cost equipment for steam generating. These package boilers are utilized in many industries. D type has water drum, steam drum and generating tubes. Water flows through steam drum into water drum. These products are majorly used in Food & Beverages and Oil & Gas industry and also used in plants with greater clearance.
A-type package boilers are smaller than D-type therefore will fit smaller plants, but does not have the same power output as D-type package boilers. Thus, the need for compact and modular designs will drive the market for A-Type package boilers despite their lower power output. The O-type boilers are a little simpler compared to D-type and A-type. O-type boilers are mainly used for their fast steam production and reduced maintenance cost. Comparatively A type are projected to grow at the fastest rate during the forecast period.
Package Boiler Market Segment Analysis – By End User Application
The food and beverage end user application segment will drive the industry with a CAGR of 5.9% over 2021-2026. The segment is advancing with technicalities and rise in production capacities. The Package boilers are used in many internal process rather than being used only in generating the steam. The oil and gas segment are also projected to grow in the package boiler market as access to the natural gases has increased.
Package Boiler Market Segment Analysis – By Geography
North America and Europe both dominate the market during the forecast period with North America accounting for 36.1% share in 2020. US government has imposed the regulation which has increased the demand for the product. Increased demand for electricity and various other industrial heating processes is key factor driving the growth of the industry. APAC has the fastest growing market and drives opportunities during the period. The presence of well-established players and manufacturing units will drive the market. Countries like India, Japan, South Korea and other Asian countries expected to grow significantly due to rising industrialization.
Package Boiler Market Drivers
Industrialization in the developing economies
The development of large scale projects in the developing countries have expanded the use of package boiler in industries. The increasing demand for the clean energy coupled with the expansion of non renewable power resources is the major factor driving the growth of market. Expanding the bundle boilers to increase the productivity of biomass using many new sources, materials and wastes is a key factor driving the growth of the market. The increasing ultra-power projects and growing demand in many industries will also propel the market growth. Installation of the product is easy and that is the reason why it is in high demand. Fire-tube boiler and oil-tube boiler are also increasing in popularity over the forecast period.
Rise in Demand for Energy Efficient Boilers
Steam Boiler manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Newly emerging low NOx regulations are designed to thwart or reduce the harmful effects of Nitrogen Oxide (NOx) gases on the environment. This highly toxic family of reactive gases is produced when fuel is combusted at high temperatures, such as with water heaters, boilers, furnaces and even from the engines of vehicles. Because of the apparent harmful effects of NOx on the environment, a growing number of boiler manufacturers are looking to get ahead of the inevitable regulations.
Package Boiler Market Challenges
Regulatory Stringency
The regulations held by the government in the market such as the formulation of strict emission standards acts as a key brake in the expansion of package boiler market. Impact of domestic tariffs and trade routes are the major points which affect the market. The cost associated with manufacturing means that only few well-known and well established companies lead the industry and thus the industry showcases low threat from the new entrants.
Package Boiler Market Landscape
The market for Package Boilers Market is comprised of Cleaver-Brooks Inc, Themax Global, Mitsubishi Hitachi Power Systems, Ltd., Babcock & Wilcox Enterprises Inc. and Johnston Boiler Company. These companies have adopted the growth strategies such as product launches and developments, partnerships, agreements, contracts, and mergers & acquisitions to strengthen their position in the market.
Acquisitions/Technology Launches/Partnerships
- In June, 2019, Cleaver-Brooks launched configured watertube boilers known as CBCW, for faster quotes and technical documentation.
Related Reports
Report Code: CMR 0856
Report Code: EPR 33804
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1. Package Boiler Market Overview
1.1 Definitions and Scope
2. Package Boiler Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Fuel Type
2.3 Key trends segmented by Geography
3. Package Boiler Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Package Boiler Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Package Boiler Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Package Boiler Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Package Boiler Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Package Boiler Market – By Fuel (Market Size -$Million/Billion)
8.1 Oil
8.2 Gas
8.3 Biomass
8.4 Coal
8.5 Others
9. Package Boiler Market – By End Use Industry (Market Size -$Million/Billion)
9.1 Food and Beverage
9.2 Oil and Gas
9.3 Chemical
9.4 Paper and Pulp
9.5 Manufacturing
9.6 Others
10. Package Boiler Market – By Design Type (Market Size -$Million/Billion)
10.1 D-Type
10.2 A-Type
10.3 O-Type
11. Package Boiler Market – By Type (Market Size -$Million/Billion)
11.1 Watertube Boilers
11.2 Firetube Boilers
11.3 Electric Boilers
11.4 Others
12. Package Boiler Market - By Geography (Market Size -$Million/Billion)
12.1 North America
12.1.1 U.S
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 Germany
12.2.2 France
12.2.3 UK
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Netherlands
12.2.8 Others
12.3 APAC
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia
12.3.6 Indonesia
12.3.7 Malaysia
12.3.8 Others
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Chile
12.4.4 Colombia
12.4.5 Others
12.5 RoW
12.5.1 Middle East
12.5.2 Africa
13. Package Boiler Market - Market Entropy
13.1 New product launches
13.2 M&A's, collaborations, JVs and partnerships
14. Package Boiler Market – Industry Competitive Landscape (Premium)
14.1 Market Share – Global
14.2 Market Share by Region
14.3 Market Share By Type
15. Package Boiler Market – Key Company List by Country Premium (Premium)
16. Package Boiler Market - Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10
LIST OF TABLES
1.Global Package Boilers Market By Design Market 2023-2030 ($M)2.Global Package Boilers Market By End-Use Industry Market 2023-2030 ($M)
2.1 Food & Beverage Market 2023-2030 ($M) - Global Industry Research
2.2 Chemical Market 2023-2030 ($M) - Global Industry Research
2.3 Oil & Gas Market 2023-2030 ($M) - Global Industry Research
2.4 Paper & Pulp Market 2023-2030 ($M) - Global Industry Research
3.Global Package Boilers Market By Type Market 2023-2030 ($M)
3.1 Fire-Tube Package Boilers Market 2023-2030 ($M) - Global Industry Research
3.2 Water-Tube Package Boilers Market 2023-2030 ($M) - Global Industry Research
3.3 Electric Boilers Market 2023-2030 ($M) - Global Industry Research
4.Global Package Boilers Market By Design Market 2023-2030 (Volume/Units)
5.Global Package Boilers Market By End-Use Industry Market 2023-2030 (Volume/Units)
5.1 Food & Beverage Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Chemical Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Oil & Gas Market 2023-2030 (Volume/Units) - Global Industry Research
5.4 Paper & Pulp Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Package Boilers Market By Type Market 2023-2030 (Volume/Units)
6.1 Fire-Tube Package Boilers Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Water-Tube Package Boilers Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Electric Boilers Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Package Boilers Market By Design Market 2023-2030 ($M)
8.North America Package Boilers Market By End-Use Industry Market 2023-2030 ($M)
8.1 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
8.2 Chemical Market 2023-2030 ($M) - Regional Industry Research
8.3 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
8.4 Paper & Pulp Market 2023-2030 ($M) - Regional Industry Research
9.North America Package Boilers Market By Type Market 2023-2030 ($M)
9.1 Fire-Tube Package Boilers Market 2023-2030 ($M) - Regional Industry Research
9.2 Water-Tube Package Boilers Market 2023-2030 ($M) - Regional Industry Research
9.3 Electric Boilers Market 2023-2030 ($M) - Regional Industry Research
10.South America Package Boilers Market By Design Market 2023-2030 ($M)
11.South America Package Boilers Market By End-Use Industry Market 2023-2030 ($M)
11.1 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
11.2 Chemical Market 2023-2030 ($M) - Regional Industry Research
11.3 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
11.4 Paper & Pulp Market 2023-2030 ($M) - Regional Industry Research
12.South America Package Boilers Market By Type Market 2023-2030 ($M)
12.1 Fire-Tube Package Boilers Market 2023-2030 ($M) - Regional Industry Research
12.2 Water-Tube Package Boilers Market 2023-2030 ($M) - Regional Industry Research
12.3 Electric Boilers Market 2023-2030 ($M) - Regional Industry Research
13.Europe Package Boilers Market By Design Market 2023-2030 ($M)
14.Europe Package Boilers Market By End-Use Industry Market 2023-2030 ($M)
14.1 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
14.2 Chemical Market 2023-2030 ($M) - Regional Industry Research
14.3 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
14.4 Paper & Pulp Market 2023-2030 ($M) - Regional Industry Research
15.Europe Package Boilers Market By Type Market 2023-2030 ($M)
15.1 Fire-Tube Package Boilers Market 2023-2030 ($M) - Regional Industry Research
15.2 Water-Tube Package Boilers Market 2023-2030 ($M) - Regional Industry Research
15.3 Electric Boilers Market 2023-2030 ($M) - Regional Industry Research
16.APAC Package Boilers Market By Design Market 2023-2030 ($M)
17.APAC Package Boilers Market By End-Use Industry Market 2023-2030 ($M)
17.1 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
17.2 Chemical Market 2023-2030 ($M) - Regional Industry Research
17.3 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
17.4 Paper & Pulp Market 2023-2030 ($M) - Regional Industry Research
18.APAC Package Boilers Market By Type Market 2023-2030 ($M)
18.1 Fire-Tube Package Boilers Market 2023-2030 ($M) - Regional Industry Research
18.2 Water-Tube Package Boilers Market 2023-2030 ($M) - Regional Industry Research
18.3 Electric Boilers Market 2023-2030 ($M) - Regional Industry Research
19.MENA Package Boilers Market By Design Market 2023-2030 ($M)
20.MENA Package Boilers Market By End-Use Industry Market 2023-2030 ($M)
20.1 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
20.2 Chemical Market 2023-2030 ($M) - Regional Industry Research
20.3 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
20.4 Paper & Pulp Market 2023-2030 ($M) - Regional Industry Research
21.MENA Package Boilers Market By Type Market 2023-2030 ($M)
21.1 Fire-Tube Package Boilers Market 2023-2030 ($M) - Regional Industry Research
21.2 Water-Tube Package Boilers Market 2023-2030 ($M) - Regional Industry Research
21.3 Electric Boilers Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Package Boilers Market Revenue, 2023-2030 ($M)2.Canada Package Boilers Market Revenue, 2023-2030 ($M)
3.Mexico Package Boilers Market Revenue, 2023-2030 ($M)
4.Brazil Package Boilers Market Revenue, 2023-2030 ($M)
5.Argentina Package Boilers Market Revenue, 2023-2030 ($M)
6.Peru Package Boilers Market Revenue, 2023-2030 ($M)
7.Colombia Package Boilers Market Revenue, 2023-2030 ($M)
8.Chile Package Boilers Market Revenue, 2023-2030 ($M)
9.Rest of South America Package Boilers Market Revenue, 2023-2030 ($M)
10.UK Package Boilers Market Revenue, 2023-2030 ($M)
11.Germany Package Boilers Market Revenue, 2023-2030 ($M)
12.France Package Boilers Market Revenue, 2023-2030 ($M)
13.Italy Package Boilers Market Revenue, 2023-2030 ($M)
14.Spain Package Boilers Market Revenue, 2023-2030 ($M)
15.Rest of Europe Package Boilers Market Revenue, 2023-2030 ($M)
16.China Package Boilers Market Revenue, 2023-2030 ($M)
17.India Package Boilers Market Revenue, 2023-2030 ($M)
18.Japan Package Boilers Market Revenue, 2023-2030 ($M)
19.South Korea Package Boilers Market Revenue, 2023-2030 ($M)
20.South Africa Package Boilers Market Revenue, 2023-2030 ($M)
21.North America Package Boilers By Application
22.South America Package Boilers By Application
23.Europe Package Boilers By Application
24.APAC Package Boilers By Application
25.MENA Package Boilers By Application
26.Amec Foster Wheeler PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Thermax Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Johnston Boiler Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Calderas Powermaster, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.IHI Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Forbes Marshall Private Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)