Industrial Boilers Top Companies-Recent Developments, Business Strategy, Deal Strategy, Patent Strategy, Benchmarking and Management Outlook

Industrial Boilers Market Size Analysis and Top Companies

The global industrial boilers market size is anticipated to reach around USD 26.38 billion by 2033 from USD 16.67 billion in 2023, expanding at a solid CAGR of 4.74% between 2023 and 2033. The top companies in the industrial boilers are AMEC Foster Wheeler PLC, Siemens AG, Thermax Limited, Harbin Electric Corporation, Bharat Heavy Electricals Limited, General Electric Company, Dongfang Electric Corporation Ltd., Babcock & Wilcox Enterprises, Inc., IHI Corporation, AC Boilers S.P.A.

Market Report Coverage

Industrial Boilers Market Companies

• AMEC Foster Wheeler PLC
• Siemens AG
• Thermax Limited
• Harbin Electric Corporation
• Bharat Heavy Electricals Limited
• General Electric Company
• Dongfang Electric Corporation Ltd.
• Babcock & Wilcox Enterprises, Inc.
• IHI Corporation
• AC Boilers S.P.A

Recent Developments

• In May 2017, Mitsubishi Power Systems entered into a contract with the CEPC in Egypt, wherein, Mitsubishi will undertake the repairing activities related to the boilers
• In December 2017, Mitsubishi Heavy Industries Marine Machinery & Equipment Co. received an order of 200 boilers for the purpose of business development in China.

The various developmental strategies like product launches, acquisitions and mergers fosters market growth and offers lucrative growth opportunities to the market players. The market players are constantly engaged in various developmental strategies to gain market share, exploit the prevailing opportunities in the market, and gain competitive edge in the market.

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