Utility and Industrial Boilers Market - Global Industry Analysis and Forecast, 2014 – 2020

Boilers are closed vessels used for generation of steam by supplying heat energy to water. Various kinds of energy sources such as fossil fuels, nuclear fuels, biomass and solar energy are used to generate steam. Boilers can be divided into two types based on their process as water-tube and fire-tube boilers. In water-tube boilers, tubes filled with water are heated using combustion gases flowing outside the tubes, whereas in fire tube boilers, hot combustion gases flowing inside the tubes are used to heat the water that flows outside the tubes.

Read More @ http://www.transparencymarketresearch.com/utility-industrial-boilers.html

Further, boilers are categorized as utility boilers and industrial boilers based on their respective applications. Utility boilers are used to produce steam by burning fossil fuels such as coal for generation of electricity. Industrial boilers are used for generation of steam for industrial processes in industries such as automotive, oil and gas, paper and wood, and other heavy industries.

The utility and energy boiler market is booming with the growing demand for energy and increasing number of power plants installation in developing countries such as China, India and others. Generation of electricity is highly dependent on fossil fuels. Moreover, less capital investments required on fossil fuels based power plants as compared to renewable energy plants has significantly increased the demand for boilers in recent years. Moreover, lucrative government incentive programs are pushing the demand for advanced utility and energy boilers in new thermal power stations.

Geographically, North America dominates the utility and energy boilers market with rising demand for power generation. Additionally, growing oil and gas industry in this region is another factor driving the growth of utility and industrial boilers market. In Europe, countries such as Italy, France, Finland, Germany and Poland show high demand for utility and industrial...