India Industrial Boilers Market Shipment Analysis
India Industrial Boilers Market registered a growth of 1260.31% in value shipments in 2022 as compared to 2021 and an increase of 2.71% CAGR in 2022 over a period of 2017. In Industrial Boilers Market India is becoming less competitive as HHI index in 2022 was 9176 while in 2017 it was 3105. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Industrial Boilers Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Industrial Boilers Market in 2022 was 1.34 while in 2017 it was 0.09. China, Italy, Türkiye, Latvia and Poland were among the top players of the market in 2022, where China acquired the largest market share of 95.74% with a shipment value of 7.45 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Industrial Boilers Market. In 2017 USA had the largest market share of 36.19% with the shipment value of 0.18 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although USA offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Industrial Boilers Market in 2017.
India Industrial Boilers Market is projected to witness substantial growth in the forthcoming years backed by increased potential growth of the chemical industry in the country. Also, the growing top production of the chemicals due to the rising demand from end-users like food processing, personal care, and home care products industry coupled with the rising export practices of the chemicals are estimated to instigate the use of industrial boilers which required high quality of steam, as a result, is estimated to bolster the growth of the India industrial boilers market in the coming time zone
India Industrial Boilers Market is expected to grow significantly over the coming years. The growing demand for industrial heating equipment in various process industries such as food processing, paper pulp industries, healthcare, pharmaceuticals, mining, and others is contributing to the growth of the market. Further, the Indian government is introducing various initiatives such as Make in India, National Manufacturing Policy, promotion of renewables, and clean fuel usage are expected to spur demand for the industrial boilers. Moreover, the Indian government is introducing different schemes to help the Food Processing Industry which will further help in the growth of the Industrial Boilers market. However, the problem of corrosion and high maintenance costs are some of the restrains for the market. The outbreak of Covid -19 had the most significant impact on this region. Due to the lockdowns, curfews, and the alarming health crises the production was highly affected. The manufacturing was severely affected as the production units were closed. The market is expected to recover over the next few years.
According to 6Wresearch, India Industrial Boilers Market is expected to grow throughout the forecast period 2020-2026. The Industrial boilers market is expected to grow significantly in India. The parts covered in this region are North, East, West, and South India. The implementation of energy-efficient industrial processes, a diverse range of manufacturing facilities, and the large-scale investment towards economic development in this region are the key reasons for the growth of the boilers market in this region.
Some of the major players operating the India Industrial Boilers market are Thermax Limited, Cheema Boilers Limited, Forbes Marshall, Industrial Boilers Limited, Thermodin Engineering Systems, and others.
India Industrial Boilers market is segmented based on different types which are Product Type, Fuel Type, Boiler Horsepower, End-use Industry, and Region. Based on types, the market is segmented into water tube industrial boilers, fire tube industrial boilers, and others. The water tube boilers segment is dominating the market due to its greater efficiency than the fire tube boiler, the water tube boilers can resist high operation pressure, simple construction, and many more. By fuel type, the market is segmented into Oil, Coal, Gas, and other fuels. The gas-fired boilers segment is dominating the market due to its favorable regulatory aspects with regards to CO2 and increased utilization of the gas boilers amongst the users. Based on End-Users, the market is segmented into oil & gas, power, chemical, food & beverage, textile, pulp and paper, and others. The food industry is dominating the market. By Horsepower, the market is segmented into 10-150 BHP, 151-300 BHP, 301-600 BHP.
India Industrial Boilers Market report thoroughly covers the market by boiler type and key regions. India Industrial Boilers Market outlook report provides an unbiased and detailed analysis of the ongoing Industrial Boilers market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India industrial boilers market is estimated to gain momentum in the forthcoming yeats backed by an increase in the potential growth of the food and beverage industry. The growing consumer base in the country especially the youngsters coupled with the growing dual-income group who has led to spending on the consumption of processed food and this is leading to expanse the processing food industry simultaneously increasing the use of industrial boilers which has proven efficient in providing steam during food processing which is further expected to boost the growth of the India industrial boilers market in the forthcoming years.
Key Highlights of the Report:
- India Industrial Boilers Market Outlook
- Market Size of India Industrial Boilers Market, 2019
- Forecast of India Industrial Boilers Market, 2026
- Historical Data and Forecast of India Industrial Boilers Revenues & Volume for the Period 2016 - 2026
- India Industrial Boilers Market Trend Evolution
- India Industrial Boilers Market Drivers and Challenges
- India Industrial Boilers Price Trends
- India Industrial Boilers Porter's Five Forces
- India Industrial Boilers Industry Life Cycle
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Fuel Type for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Natural Gas & Biomass for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Coal for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Oil for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Boiler Type for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Fire-tube for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Water-tube for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Boiler Horsepower for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By 10-150 BHP for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By 151-300 BHP for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By 301-600 BHP for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By End-use Industry for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Chemical for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Food for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Refineries for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Metals & Mining for the Period 2016 - 2026
- Historical Data and Forecast of India Industrial Boilers Market Revenues & Volume By Others for the Period 2016 - 2026
- India Industrial Boilers Import Export Trade Statistics
- Market Opportunity Assessment By Fuel Type
- Market Opportunity Assessment By Boiler Type
- Market Opportunity Assessment By Boiler Horsepower
- Market Opportunity Assessment By End-use Industry
- India Industrial Boilers Top Companies Market Share
- India Industrial Boilers Competitive Benchmarking By Technical and Operational Parameters
- India Industrial Boilers Company Profiles
- India Industrial Boilers Key Strategic Recommendations
Markets Covered
The Market report includes the following segments:
- By Fuel Type:
- Natural Gas & Biomass
- Oil
- Coal
- Others
- By Boiler Type:
- By End-Use Industry:
- Chemical
- Food
- Refineries
- Metals & Mining
- Others
- By Boiler Horsepower:
- 10-150 BHP
- 151-300 BHP
- 301-600 BHP
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on
sales@6wresearch.com
|
1 Executive Summary
|
|
2 Introduction
|
|
2.1 Key Highlights of the Report
|
|
2.2 Report Description
|
|
2.3 Market Scope & Segmentation
|
|
2.4 Research Methodology
|
|
2.5 Assumptions
|
|
3 India Industrial Boilers Market Overview
|
|
3.1 India Country Macro Economic Indicators
|
|
3.2 India Industrial Boilers Market Revenues & Volume, 2019 & 2026F
|
|
3.3 India Industrial Boilers Market - Industry Life Cycle
|
|
3.4 India Industrial Boilers Market - Porter's Five Forces
|
|
3.5 India Industrial Boilers Market Revenues & Volume Share, By Fuel Type, 2019 & 2026F
|
|
3.6 India Industrial Boilers Market Revenues & Volume Share, By Boiler Type, 2019 & 2026F
|
|
3.7 India Industrial Boilers Market Revenues & Volume Share, By Boiler Horsepower, 2019 & 2026F
|
|
3.8 India Industrial Boilers Market Revenues & Volume Share, By End-use Industry, 2019 & 2026F
|
|
4 India Industrial Boilers Market Dynamics
|
|
4.1 Impact Analysis
|
|
4.2 Market Drivers
|
|
4.3 Market Restraints
|
|
5 India Industrial Boilers Market Trends
|
|
6 India Industrial Boilers Market, By Types
|
|
6.1 India Industrial Boilers Market, By Fuel Type
|
|
6.1.1 Overview and Analysis
|
|
6.1.2 India Industrial Boilers Market Revenues & Volume, By Fuel Type, 2016 - 2026F
|
|
6.1.3 India Industrial Boilers Market Revenues & Volume, By Natural Gas & Biomass, 2016 - 2026F
|
|
6.1.4 India Industrial Boilers Market Revenues & Volume, By Coal, 2016 - 2026F
|
|
6.1.5 India Industrial Boilers Market Revenues & Volume, By Oil, 2016 - 2026F
|
|
6.1.6 India Industrial Boilers Market Revenues & Volume, By Others, 2016 - 2026F
|
|
6.2 India Industrial Boilers Market, By Boiler Type
|
|
6.2.1 Overview and Analysis
|
|
6.2.2 India Industrial Boilers Market Revenues & Volume, By Fire-tube, 2016 - 2026F
|
|
6.2.3 India Industrial Boilers Market Revenues & Volume, By Water-tube, 2016 - 2026F
|
|
6.3 India Industrial Boilers Market, By Boiler Horsepower
|
|
6.3.1 Overview and Analysis
|
|
6.3.2 India Industrial Boilers Market Revenues & Volume, By 10-150 BHP, 2016 - 2026F
|
|
6.3.3 India Industrial Boilers Market Revenues & Volume, By 151-300 BHP, 2016 - 2026F
|
|
6.3.4 India Industrial Boilers Market Revenues & Volume, By 301-600 BHP, 2016 - 2026F
|
|
6.4 India Industrial Boilers Market, By End-use Industry
|
|
6.4.1 Overview and Analysis
|
|
6.4.2 India Industrial Boilers Market Revenues & Volume, By Chemical, 2016 - 2026F
|
|
6.4.3 India Industrial Boilers Market Revenues & Volume, By Food, 2016 - 2026F
|
|
6.4.4 India Industrial Boilers Market Revenues & Volume, By Refineries, 2016 - 2026F
|
|
6.4.5 India Industrial Boilers Market Revenues & Volume, By Metals & Mining, 2016 - 2026F
|
|
6.4.6 India Industrial Boilers Market Revenues & Volume, By Others, 2016 - 2026F
|
|
7 India Industrial Boilers Market Import-Export Trade Statistics
|
|
7.1 India Industrial Boilers Market Export to Major Countries
|
|
7.2 India Industrial Boilers Market Imports from Major Countries
|
|
8 India Industrial Boilers Market Key Performance Indicators
|
|
9 India Industrial Boilers Market - Opportunity Assessment
|
|
9.1 India Industrial Boilers Market Opportunity Assessment, By Fuel Type, 2019 & 2026F
|
|
9.2 India Industrial Boilers Market Opportunity Assessment, By Boiler Type, 2019 & 2026F
|
|
9.3 India Industrial Boilers Market Opportunity Assessment, By Boiler Horsepower, 2019 & 2026F
|
|
9.4 India Industrial Boilers Market Opportunity Assessment, By End-use Industry, 2019 & 2026F
|
|
10 India Industrial Boilers Market - Competitive Landscape
|
|
10.1 India Industrial Boilers Market Revenue Share, By Companies, 2019
|
|
10.2 India Industrial Boilers Market Competitive Benchmarking, By Operating and Technical Parameters
|
|
11 Company Profiles
|
|
12 Recommendations
|
|
13 Disclaimer
|
