Steam Generator Market Analysis

End-user (Utilities, Chemicals, Pharmaceutical, Refineries, Pulp & Paper)

The global steam generator market is segmented and analyzed for demand and supply by end user into cell utilities, chemicals, pharmaceutical, refineries, pulp & paper, and others. Out of these types of end users, the utilities segment is estimated to gain the largest market share of about 35% in the year 2037. The growth of the segment can be accredited to the extensive use of steam generators by the utilities sector to recover heat from existing industrial processes. Moreover, based on materials, the austenitic segment is projected to hold the largest share over the forecast period owing to the high resistance to hydrogen embrittlement of this class of steels. Apart from that, the excellent heat resistance, corrosion resistance, and ductility of this steel are projected to drive the growth of this market segment in the coming years. A utility is an organization that maintains the infrastructure of a public service. Utilities are subject to public control and regulation, from local community-based groups to statewide government monopolies. Utility services include telecommunications, power, natural gas, certain transportation services, and water and wastewater treatment services provided by private companies. The telecommunications industry is made up of a mix of large and small players around the world. The AT&T company makes more money than any other carrier with the revenue of nearly USD 172 billion, but China's total telecom asset base is much larger than that. This overarching term has four basic principles, including utility of form, utility of time, utility of place, and utility of possession.

Material (Martensitic, Ferritic, Austenitic)

The global steam generator market is also segmented and analyzed for demand and supply by material into martensitic, Ferritic, Austenitic, and Others. Amongst these five segments, the martensitic segment is expected to garner a significant share of around 30% in the year 2037. Martensitic is a very hard form of the crystal structure of steel. It is named after the German metallurgist Adolf Martens. Similarly, the term can also refer to any crystal structure resulting from non-diffusive transformation. Martensitic is a descriptive term used to refer to martensitic stainless steels. Martensitic stainless steel is a type of steel with added carbon and has a body-centered tetragonal crystal structure. The main difference between austenitic stainless steel and martensitic stainless steel is that the crystal structure of austenitic stainless steel is face-centered cubic, while the crystal structure of martensitic stainless steel is body-centered cubic. Martensitic steel is very useful in automotive applications such as door beams, bumpers, very light and strong lower side rails (sill plates), cross car beams, and beams designed to prevent intrusion into the vehicle interior. Hence, growing sales of vehicles is estimated to boost the segmental growth. For instance, it was noted that global passenger car sales in the year 2020 reached about 63 million units.

Our in-depth analysis of the global market includes the following segments: