Industrial Boiler Maintenance Market Segmentation:
End-User Segment Analysis
The chemicals & petrochemicals segment is estimated to hold 45% share of the global industrial boiler maintenance market in the coming years owing to the increasing chemical sector. For instance, the expanding chemical industry may lead to growing demand for industrial boilers which demand more frequent maintenance since they perform some complex reactions at a specific temperature and pressure.
Industrial boiler maintenance helps to ensure proper functioning, enhance the efficiency of the boilers, and also helps in preventing corrosion produced by chemical processes. According to estimates, by 2025, it is projected that the Indian chemical sector will reach over USD 300 billion.
Boiler Type Segment Analysis
Industrial boiler maintenance market from the water-tube segment is set to garner a notable share of 60% shortly driven by rising demand for water tube boilers in power generation. In the energy sector, electricity is generated using steam boilers as generators, which needs up to 500 kg/s of steam output. Water tube boilers are widely used for power generation since they can handle high-pressure steam.
Power plants where larger capacity is required often utilize water tube boilers since they are more efficient, and can produce more steam, which results in rising demand for industrial boiler maintenance. For instance, water tube boilers installed in power generation require frequent maintenance to mitigate the risks of boiler failures which can lead to severe accidents.
Our in-depth analysis of the global market includes the following segments:
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