Gas Boiler Market in North America
The oil and gas industry in the US, Canada, and other countries has seen a number of factors drive the market growth over the past years. These factors include the increased demand for crude oil and natural gas, a new wave of shale oil and energy discoveries, the rising demand for natural gas as an alternative energy, and the changing economic environment. These factors had an impact on the gas boiler market in North America between the years of 2008 and 2012.
The oil field and gas field equipment market is one of the major gas boiler markets in North America.
The gas boiler market in North America is expected to grow at a CAGR of 9. 5% during the forecast period. In terms of the type of boiler, the gas boiler market in North America is segmented into electric and gas based boiler types, and fuel types.
The electric boiler market in North America is mainly composed of two important submarkets: electric and gas boiler types. The combustion process in both the technologies is same. The electric boiler market in North America is segmented based on fuel types into natural gas and coal fuels.
The coal fuel type is expected to account for the largest market share of the North America market. The coal fuel type is expected to grow at a higher rate to reach a CAGR of 7. 0% by the end of this forecast period. This is attributed to the increasing demand from countries such as Brazil, Canada, and the US.
Europe Boilers includes two important subsegments; utility-based and residential. The utility-based market is segmented based on fuel types into natural gas and coal feed, and is further segmented based on fuel type into liquefied, gaseous, and compressed natural gas.
The liquefied fuel market is the largest submarket of the European market, with the fuel being natural gas. This was due to its ease of use and lower cost factors.
Natural gas is expected to account for the largest market share of the European market between the years of 2013 and 2019. The fuel type is expected to reach a CAGR of 8.
Gas Boiler Market: The Present and Future Trends
As the gas boiler is a leading technology among various end-use industries including power generation, petro chemical plants, and power plants with a high energy demand, it is expected to be the main technology in the world and the most popular choice of construction engineers.
It is because of this great popularity in construction engineers that the demand of gas boiler has increased significantly in the market. The market size of the gas boiler market was projected to reach USD 36 billion by 2020, which is expected to rise to USD 44 billion by 2027, at a compound annual growth rate (CAGR) of 15. 39% from 2019 to 2027.
The global market for gas boilers is driven by increasing power generation and high demand of the end use industries such as power generation, petrochemicals plants, and power plants. The demand for gas boiler has increased year over year and can be expected to rise further with the increasing demand of the end use industries.
The global gas boiler market is primarily driven by increasing demand for energy-efficient heating system due to rising energy demand in the industry. Rising demand for end use industries such as energy generation also drives the demand for gas boiler technology for the end use industries.
The global gas boiler market is primarily driven by increasing demand of gas for power generation. Due to higher demand, there is a chance of increased demand for gas boiler technology in power generation. However, there is a possibility of growth of other types of gas boiler technology such as portable gas boiler and modular gas boiler.
Major players operating in the gas boiler market include Siemens AG, Emerson Electric, and RWE AG.
This report focuses on the top manufacturers of gas boilers in the global market. The market report covers the present market size of gas boiler market and then projects the estimated market size at 2020, for the next 5 years. In this report, the top manufacturers of gas boiler market are profiled and segmented by product type, application, company, and region.
The global gas boiler market is mainly divided into two types- portable gas boiler and modular gas boiler. Modular gas boiler is the segment which comprises modular gas boiler technology having various sizes and designs with various power. This modular gas boiler technology includes portable gas boiler and modular gas boiler.
Industry news and policies by Regions
The Author is an Author who writes about Computer Business, Computer Networking, Computer Security and Technology.
Share of global gas boiler market size by global development analysis, 2021 movements, the main players, Revenue Expectation until 2026
Global Gas Boiler Market size is expected to reach ~US$ 5,300 Mn by 2021, at a CAGR of ~10% during the forecast period 2021 to 2026.
In terms of type, gas boiler is growing rapidly in the global market. Boilers are the most common type of power boiler in the global market. In the global market, gas boilers are responsible for 90% of all gas boiler production in the world.
important building block of industrial, commercial, and residential boilers.
consists of two main parts: a fuel feed system and a water feed system.
to form a liquid, to the boiler.
to the boiler; it is an important fuel feed component in gas boiler power systems.
boilers vary greatly in terms of power and size.
other three types according to the type of power to be delivered.
types are divided as commercial plant and stationary water boiler.
of 10% during the forecast period.
Related Posts:
Spread the loveThe oil and gas industry in the US, Canada, and other countries has seen a number of factors drive the market growth over the past years. These factors include the increased demand for crude oil and natural gas, a new wave of shale oil and energy discoveries, the rising demand for natural gas…