Recent Developments

Hamworthy has launched its new modular condensing Industrial boiler Upton with aluminum heat exchanger at Brewery event in the London. The presentation focused on the advantages such as how the restricted space in a plant room can be overcome particularly in London where the floor space is very expensive and a modular condensing boiler system offers the stacking flexibility and can reduce the footprint of heating equipment greatly. Air quality issues of London were also addressed, as the new Upton boiler is featured with low NOx emissions. Another important point is the ability of modular boiler to match closely the load of a heating system to prevent the wasted energy and to provide exactly the system’s required heat.

Hamworthy Heating Limited is one of the leading manufacturers and suppliers of commercial heating and renewable energy solutions for many buildings in the UK. The company was founded in 1988 and is based at United Kingdom. It offers boilers including condensing, biomass, modular, floor standing, power flame,  non condensing, pre-mix, and wall hung boilers; and water the heaters, which comprise condensing, atmospheric, direct fired water heater, direct fired, indirect fired/calorifiers, fully automatic, solar system, permanent pilot, storage heaters and solar thermal. In addition, the company offers servicing and maintenance, spare parts, commissioning, warranty and product training services. From 2008, Hamworthy Heating Limited is operating as a subsidiary of Atlantic Societe Francaise De Developpement Thermique SAS.

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Market Segmentation:

Market Data Forecast published a report named Industrial Boilers Market was worth USD 12 billion in 2019 and is projected to grow at a CAGR of 6.87%, to reach USD 16.73 billion by 2024.

Report segmented as:

Type:

Water-tube

Fire-tube

Fuel type:

Natural Gas & Biomass

Oil

Coal

Others

Based on type, the fire-tube segment dominated the market in 2017 and is also projected to grow at a higher rate than the water-tube segment owing to the compact design and efficient operation of fire-tube boilers. Under fuel type, the industrial boilers market was dominated by the natural gas & biomass segment, as most of the end-use industries, such as chemical, metals & mining, and food are moving toward adopting natural gas as their primary fuel. Natural gas is slowly capturing the industrial boilers market as primary fuel and is amongst the first choices to replace coal in developed countries. This replacement has already been implemented and is also expected to be a success because natural gas is abundant in nature and cheaper than other fuels.

Geographical Segmentation:

Based on geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America leads the Industrial Boilers market due to the presence of large number of companies in the industry and increasing investments from government. Asia Pacific is the fastest growing market segment due to the growing petrochemical industries and increasing collaborations with western companies in countries such as India and China.

Key Market Players:

Siemens AG (Germany)

General Electric (U.S.)

AC Boilers S.p.a. (Europe)

Bharat Heavy Electricals Limited (India)

Harbin Electric Group (China) 

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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