Water Tube Chemical Boiler Market Analysis

  • Report ID: 6561
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Water Tube Chemical Boiler Market Analysis

Technology (Non-condensing, Condensing)

The non-condensing segment consumes a significant share of 81% of the water tube chemical boiler market. The main factor for the dominance is that it tends to have relatively lower setup and maintenance costs compared to the condensing type. In addition, it comes in a simpler design making them cheaper to install and simpler to maintain in applications where consistency and reliability are major concerns. These systems can further permit use with any type of fuel, hence encouraging flexibility within the chemical industry, where the selection of fuel may be based on availability and cost.

Capacity (< 10 MMBtu/hr, 10 - 25 MMBtu/hr, 25 - 50 MMBtu/hr, 50 - 75 MMBtu/hr, 75 - 100 MMBtu/hr, 100 - 175 MMBtu/hr, 175 - 250 MMBtu/hr, > 250 MMBtu/hr)

The water tube chemical boiler market is dominated by water tube chemical boilers with less than 10 MMBtu/hr at 32.0% due to their versatility in using smaller setups for industrial operations along with specialized processes involved in some chemical applications. This capacity is especially suitable for plants with moderate heat and steam requirements owing to the increased adoption of energy-efficient and cost-effective solutions. The areas such as India, China, and Southeast Asia are rapidly industrializing and urbanizing, with a growing focus on improving the efficiency of operations.

As these economies continue to ramp up their capacities for chemical processing, the demand for <10 MMBtu/hr boilers will soar exponentially. Moreover, the growth driver includes the implementation of strict environmental regulations toward emissions so that innovative smaller, cleaner, and energy-efficient water tube boilers are made. Therefore, the <10 MMBtu/hr segment of the water tube chemical boiler market will continue to dominate in the future, following the global pace toward sustainability and optimal operational cost.

Our in-depth analysis of the water tube chemical boiler market includes the following segments

Capacity

  • < 10 MMBtu/hr
  • 10 - 25 MMBtu/hr
  • 25 - 50 MMBtu/hr
  • 50 - 75 MMBtu/hr
  • 75 - 100 MMBtu/hr
  • 100 - 175 MMBtu/hr
  • 175 - 250 MMBtu/hr
  • > 250 MMBtu/hr

Technology

  • Condensing
  • Non-Condensing

Product

  • Fire-Tube
  • Water-Tube

Fuel

  • Natural Gas
  • Oil
  • Coal
  • Others
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Author Credits:  Dhruv Bhatia


  • Report ID: 6561
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the water tube chemical boiler market was over USD 1.8 billion.

The market size of the water tube chemical boiler market is projected to cross USD 2.5 billion by the end of 2037 expanding at a CAGR of 2.8% during the forecast period i.e., between 2025-2037.

The major players in the market are Thermax Limited, Thermodyne Boilers, Victory Energy Operations LLC, Viessmann, Forbes Marshall, and others.

In terms of technology, the non-condensing segment is anticipated to garner the largest market share of 81.0% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in Asia Pacific is projected to hold the largest market share of 57.7% by the end of 2037 and provide more business opportunities in the future.
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