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Field Erected Boiler Market By Component (Steam Drum, Water Drum, Mud Drum, Furnace Wall Panels, Burners, Stoker Units, Oil fired Boiler, Others) By Application (Petro & Chemical, Energy & Power, Oil & Gas, Mining & Metal, Others) By Product Type (Single Drum, Bi Drum) By Fuel Type (Coal, Gas Oil, Bio Mass, Natural Gas, Others) By Combustion Type (Stoker, Thermic Fluid, Fluidized Bed, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global Field Erected Boiler Market report explores the critical analysis of the Field Erected Boiler industry using key parameters. The report consists of investment strategies, the need for investments in the Field Erected Boiler industry and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Field Erected Boiler industry, as well as how economic and non-economic barriers are helping the Field Erected Boiler market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the Field Erected Boiler Market?

In 2021, the bi-drum boiler segment will be the leading segment by product type. The main reason why a bi-drum boiler is preferred over a single drum boiler is that it can handle significant load variation and react to load changes faster.

In 2021, petro & chemical segment was expected to lead the market by application. The petro & chemical industry supports the growth of any economy by acting as the backbone of several important sectors, including infrastructure, agriculture, textiles, and consumer durables. As a result, demand for field-constructed boilers has increased in the petro & chemical industry.

Which region dominated the Field Erected Boiler Market?

In 2021, Asia Pacific was one of the major contributors to the global field erected boiler market. China and India have been the major contributors to the Asia Pacific field erected boiler market. Due to the rising demand from the energy and power sectors, China and India have dominated the global field erected boiler market.

What is the competitive environment of the Field Erected Boiler Market?

The field erected boiler industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the field erected boiler market share globally, the business organization overview, the introduction of new products, and the opportunities for the field erected boiler market. Major competitors focus on developing and innovating efficient field erected boilers to gain a competitive advantage. 

Executive Summary

What are the Technical developments being developed in the Field Erected Boiler Market?

China and India's industrial economies have been among the fastest growing in recent years. The countries' need for electricity has significantly increased due to the growing industrialization, which has led to the construction of numerous new power plants. Additionally, expanding oil and gas sectors are anticipated to offer manufacturers a huge chance to invest in industrial boiler products and components. Hence manufacturers are focused on developing boilers for power plants and oil and gas industries. 

Which are the key developments by the players in the Field Erected Boiler Market?

Various investments are made throughout the market by key players. For instance, a 10 cubic meters per hour package plant from Veolia Water Technologies, South Africa, was provided in April 2019 to treat the boiler feedwater at a Tanzanian natural gas-fired combined cycle power plant. To build a recycled pulp facility, water treatment and fiber recovery plant, a package boiler, and warehouse facilities, as well as to convert one machine to produce containerboard products, ND Paper LLC will invest $189 million in the paper mill in Biron, close to Wisconsin Rapids, in October 2018. The largest power equipment maker in India, Bharat Heavy Electricals Ltd (BHEL), placed two orders for $72.4 million in July 2018 with GE Power, a division of the American industrial behemoth GE, for the provision of boiler equipment. 

Some of the major players in the market are

 ABB Ltd., Zeeco Connecticut, Alfa Laval Corporate AB, Applied Control Engineering Inc., Indeck Power Equipment Co., Ware Inc., Allied General Services, Miller & Chitty Co, Inc., Industrial Boiler & Mechanical Co. Inc., HydroTherm, Emerson Electric Company, Honeywell International Inc., Mitsubishi Heavy Industries, Wellons, and Others.

What are the Major Driving Factors for the Field Erected Boiler Market?

The expansion of field-erected boilers can be ascribed to the petrochemical industry's rising demand. Government assistance assists businesses as they invest in various regions to grow their client base. Field constructed boiler market technological developments have aroused end users' curiosity, and new expansions and joint ventures are exploding the need for petrochemical products. By supporting important industries, including infrastructure, agriculture, textiles, and consumer durables, the petrochemical industry shoulders the expansion of any economy, which in turn fuels a rise in demand for field-constructed boilers.

What are the Major Risks for the Field Erected Boiler Market?

High input and operational costs are expected to impede the field erected boiler market growth. Moreover, using less costly retrofit boilers and less costly components will also negatively impact the market. Maintenance of field erected boiler is also costlier and time-consuming.

Which is the key application in the Field Erected Boiler Market?

The petro & chemical sector dominated the Field Erected Boiler market in 2021. The petro & chemical industry is primarily driven by an increase in demand for downstream products from various end-use industries, including the construction, pharmaceutical, and automotive sectors. The foundation of an industrial economy is petrochemical production, which is essential to many industrial processes. Tires, industrial oil, detergents, and plastics are a few items made from petrochemicals. The product's basic plastic is used as a building block in the production of consumer goods. The expanding chemical sector and rising polymer demand are predicted to be the primary drivers of market expansion. Hence, industrial growth of the petro & chemical sector will further increase the adoption of field erected boilers for its production processes.

How is the Field Erected Boiler Market performing in regions?

In 2021, the Asia Pacific dominated the global Field Erected Boiler market. Due to the rising demand from the energy and power sectors, China and India have dominated the global field erected boiler market. Due to the high product penetration rate, the U.S. is predicted to be a significant market. The growing demand from the petrochemical industry is also anticipated to generate solid growth possibilities in Western and Eastern Europe. Latin America is also anticipated to experience rapid growth. In addition, growth in the Middle East and Africa region is anticipated to be much slower than in other regions.

What is the Market Size of the Field Erected Boiler by value?

The global Field Erected Boiler Market is anticipated to grow at a substantial CAGR of X.X% in the upcoming years. The global Field Erected Boiler industry was estimated to be worth USD XX billion in 2021 and was expected to be worth USD XX billion by 2028.

What are major players planning for the future of the Field Erected Boiler Market?

The key players in the Field Erected Boiler market are investing heavily to diversify their product portfolio. Major players are focused on developing modular field erected boilers that can be used for different applications and end-use industries. Manufacturers focus on market expansion by increasing the width of their product portfolio through research and development.

Segmentation of Global Field Erected Boiler Market-

Global Field Erected Boiler Market – By Component

  • Steam Drum
  • Water Drum
  • Mud Drum
  • Furnace Wall Panels
  • Burners
  • Stoker Units
  • Oil fired Boiler
  • Others

 Global Field Erected Boiler Market – By Application

  • Petro & Chemical
  • Energy & Power
  • Oil & Gas
  • Mining & Metal
  • Others

Global Field Erected Boiler Market – By Product Type

  • Single Drum
  • Bi Drum

Global Field Erected Boiler Market – By Fuel Type

  • Coal
  • Gas Oil
  • Bio Mass
  • Natural Gas
  • Others

Global Field Erected Boiler Market – By Combustion Type

  • Stoker
  • Thermic Fluid
  • Fluidized Bed
  • Others

Global Field Erected Boiler Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global field erected boiler market.

Field Erected Boiler Market also suffered from the COVID-19 pandemic, which resulted in a decline in revenue generated in 2020 due to the temporary suspension of different development projects. Different industries also suspended many deals.

the Asia Pacific accounted for the highest share in the global field erected boiler market.

Rapid urbanization and industrialization are resulting in an increasing number of development projects and are the major factors driving the market growth.

Bi drum segment had a major share in 2021 of the total market revenue. Besides, it is also projected to witness the fastest growth.

The petro & chemical segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.

Field Erected Boiler Market Scope

Report Attribute Details
Market Value in 2021 USD XX billion
Market Value in 2028 USD XX billion
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Oct 2022
Category:  Energy
Report ID:   60707
Report Format:   PDF
Pages:   120
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
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