The Europe reverse flame steam boiler market
features a monopolistic vendor landscape, with Bosch Industriekessel
GmbH alone holding a massive 87.1% of the overall market in 2015,
states Transparency Market Research (TMR) in a recent report. The
Germany-based company has established stronghold in the European as
well as global market and continues to command a strong position in
the overall market through vast manufacturing capacities and an
extensive product portfolio. To earn sustainable profits amid the
monopoly, companies in the Europe reverse flame steam boiler market
need to focus on increasing competitiveness through acquisitions and
strategic alliances, technological innovations, and product
differentiation.
Transparency Market Research estimates that the
Europe market for reverse flame steam boilers will exhibit a 4.85%
CAGR from 2017 to 2025, rising from a valuation of US$92.70 mn in
2016 to US$142.18 mn by 2025.
This 95 page report gives readers a
comprehensive overview of the Reverse Flame Steam Boilers market.
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Boilers of Capacity 1,001 KW and Above to
Generate Maximum Revenue
In terms of geography, countries in the Rest of
Europe region dominated the Europe reverse flame steam boiler market
in terms of revenue in 2016. This regional segment, comprising
countries such as Russia, Belgium, Ireland, Poland, Finland, and the
Netherlands accounted for a significant 27.6% of the overall market
in the said year. Italy is also a key regional market for reverse
flame steam boilers, wherein the demand for biomass-fired boilers has
surged owing to the trending shift from traditional steam boilers to
more refined, energy-saving, and biomass-fired reverse flame steam
boilers.
In terms of capacity, the segment of 1,001 KW and
above dominated the reverse flame steam boiler market in Europe in
2016. The trend is expected to remain strong over the forecast period
as well, with the demand for high capacity-based reverse flame steam
boilers to witness a promising rise despite their high costs than low
and medium capacity boilers. However, the segment of 101 - 1,0000 KW
capacity reverse flame steam boilers is likely to register a higher
growth rate owing to their high efficiency and affordability.
Rising Demand for Energy-efficient and Clean
Energy-powered Boilers Propels Market
The rising preference to boilers that are powered
on cleaner energy sources such as natural gas and biomass is one of
the key factors driving the global market for reverse flame steam
boilers. It has been observed that nearly 50% of boilers used in
energy applications use natural gas as their primary fuel. The lower
carbon dioxide emission rates, ready availability, low cost, and
abundant supply of natural gas as compared to conventional fuels such
as oil and coal are the key factors compelling energy companies to
increasingly install boilers compatible with natural gas as a fuel.
As reverse flame steam boilers run this advantage, their adoption has
witnessed a significant rise in the past few years.
The market is also driven due to the increasing
usage of flame steam boilers in power plants to generate electricity.
The increased adoption of reverse flame steam boilers across the
power industry has been encouraged by the need for improved energy
efficiency of power plant and encouraging government incentives and
rebates.
High Costs of Maintenance to Hinder Growth
The prices of natural gas, which is the primary
fuel used in reverse flame steam boilers, have been adversely
affected post the recent economic slowdown suffered by Europe. The
fluctuating prices of natural gas have refrained power generation
companies from expanding businesses or taking up new projects in the
recent past, slowing down the demand for reverse flame steam boilers
to an extent. However, this factor is expected to have only a
moderate impact on the overall development of the market for reverse
flame steam boilers in Europe in the next few years. The market will,
instead, bore a bigger negative impact of factors such as the high
initial costs, high costs of maintenance, and the gradually reducing
efficiency of these boilers, which often presents the need for
replacement.
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This review of the Europe reverse flame steam
boiler market is based on a recent market research report published
by Transparency Market Research, titled “Reverse Flame Steam Boiler
Market (Capacity - Up to 100 KW, 101 KW - 1,000 KW, and 1,001 KW &
Above; End Use - Food, Chemical, Refineries, Primary Metal, and Power
Plants) - Europe Industry Analysis, Size, Share, Growth, Trends and
Forecast 2017 - 2025.”
For the study, the market has been segmented as
follows:
Europe Reverse Flame Steam Boilers Market –
Capacity Analysis
- Up to 100 KW
- 101 KW – 1,000 KW
- 1,001 KW & Above
Europe Reverse Flame Steam Boilers Market –
End-Use Analysis
- Food
- Chemical
- Refineries
- Primary Metal
- Power Plants
- Others
Europe Reverse Flame Steam Boilers Market –
Country Analysis
- U.K.
- Germany
- France
- Spain
- Italy
- Rest of Europe
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