Product Code: ETC050407 | Publication Date: Jul 2023 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore industrial boilers market is expected to grow at a CAGR of 8.95% during the forecast period (2020-2026). The demand for industrial boilers in Singapore has been driven by an increase in manufacturing activities, particularly in the electronics and pharmaceutical industries, as well as increasing investments across various industries. Moreover, rising industrialization and urbanization have further fuelled growth in this sector. Additionally, stringent government regulations on environmental protection are anticipated to propel the market over the forecast period.
Increasing Manufacturing Activities: The growing presence of major global players such as Samsung Electronics Co., Ltd., Broadcom Corporation, and Texas Instruments Incorporated has contributed to an increase in manufacturing activities in Singapore over recent years. This surge can be attributed to a number of factors such as low taxes on imports & exports coupled with subsidies from the government for certain sectors; hence driving up demand for industrial boilers over the forecast period.Rising Industrialization & Urbanization: With more than 80% of its population residing within urban areas Singapore economy has rapidly changed from being largely agricultural to one based mostly on services and manufacturing due to intense investment activity that began following World War II making it a world-leading financial hub today contributing significantly towards economic development including increased availability of skills labor capital infrastructure ETC leading to higher production levels thus propelling growth prospects for industrial boiler market during 2020-2026.
High Capital Cost : Installation cost associated with purchasing high quality boilers along with ongoing maintenance costs such as fuel/energy consumption rates can be quite expensive which could prove challenging or dissuade potential buyers from investing into these systems thereby hampering overall industry progress during 2020-2026.
The key players operating in the Singapore Industrial Boilers Market include Siemens AG, Alstom SA, Thermax Ltd., General Electric Company (GE), Babcock & Wilcox Enterprises Inc., Bosch Industriekessel GmbH, Mitsubishi Hitachi Power Systems Ltd., Foster Wheeler AG, Hoval Group AG and Hurst Boiler & Welding Co Inc. These companies have adopted various strategies to increase their market penetration and strengthen their position in the industry. Product launches; partnerships; mergers & acquisitions; joint ventures; expansion plans; research & development activities and collaborations are some of major strategies adopted by these players to enhance their global presence.
Singapore was one of few countries that entered a technical recession when GDP fell 4Q19 ??? 1Q 20 however due primarily due effective implementation preventive measures nation???s GDP rose by 2nd quarter experiencing 0 % contraction rate quarterly basis indicating how strongly resilient country???s economy is even amidst pandemic therefore prospects remain positive strong outlook provided there isn`t any second wave outbreak developing nations like India may benefit especially since they possess cheap labour resources resulting lower cost products manufactured here helping them gain competitive edge international markets going forward.
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 Singapore Industrial Boilers Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Industrial Boilers Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Industrial Boilers Market - Industry Life Cycle |
3.4 Singapore Industrial Boilers Market - Porter's Five Forces |
3.5 Singapore Industrial Boilers Market Revenues & Volume Share, By Fuel Type, 2020 & 2030F |
3.6 Singapore Industrial Boilers Market Revenues & Volume Share, By Boiler Type, 2020 & 2030F |
3.7 Singapore Industrial Boilers Market Revenues & Volume Share, By Boiler Horsepower, 2020 & 2030F |
3.8 Singapore Industrial Boilers Market Revenues & Volume Share, By End-use Industry, 2020 & 2030F |
4 Singapore Industrial Boilers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Industrial Boilers Market Trends |
6 Singapore Industrial Boilers Market, By Types |
6.1 Singapore Industrial Boilers Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Industrial Boilers Market Revenues & Volume, By Fuel Type, 2020-2030F |
6.1.3 Singapore Industrial Boilers Market Revenues & Volume, By Natural Gas & Biomass, 2020-2030F |
6.1.4 Singapore Industrial Boilers Market Revenues & Volume, By Coal, 2020-2030F |
6.1.5 Singapore Industrial Boilers Market Revenues & Volume, By Oil, 2020-2030F |
6.1.6 Singapore Industrial Boilers Market Revenues & Volume, By Others, 2020-2030F |
6.2 Singapore Industrial Boilers Market, By Boiler Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Industrial Boilers Market Revenues & Volume, By Fire-tube, 2020-2030F |
6.2.3 Singapore Industrial Boilers Market Revenues & Volume, By Water-tube, 2020-2030F |
6.3 Singapore Industrial Boilers Market, By Boiler Horsepower |
6.3.1 Overview and Analysis |
6.3.2 Singapore Industrial Boilers Market Revenues & Volume, By 10-150 BHP, 2020-2030F |
6.3.3 Singapore Industrial Boilers Market Revenues & Volume, By 151-300 BHP, 2020-2030F |
6.3.4 Singapore Industrial Boilers Market Revenues & Volume, By 301-600 BHP, 2020-2030F |
6.4 Singapore Industrial Boilers Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Singapore Industrial Boilers Market Revenues & Volume, By Chemical, 2020-2030F |
6.4.3 Singapore Industrial Boilers Market Revenues & Volume, By Food, 2020-2030F |
6.4.4 Singapore Industrial Boilers Market Revenues & Volume, By Refineries, 2020-2030F |
6.4.5 Singapore Industrial Boilers Market Revenues & Volume, By Metals & Mining, 2020-2030F |
6.4.6 Singapore Industrial Boilers Market Revenues & Volume, By Others, 2020-2030F |
7 Singapore Industrial Boilers Market Import-Export Trade Statistics |
7.1 Singapore Industrial Boilers Market Export to Major Countries |
7.2 Singapore Industrial Boilers Market Imports from Major Countries |
8 Singapore Industrial Boilers Market Key Performance Indicators |
9 Singapore Industrial Boilers Market - Opportunity Assessment |
9.1 Singapore Industrial Boilers Market Opportunity Assessment, By Fuel Type, 2020 & 2030F |
9.2 Singapore Industrial Boilers Market Opportunity Assessment, By Boiler Type, 2020 & 2030F |
9.3 Singapore Industrial Boilers Market Opportunity Assessment, By Boiler Horsepower, 2020 & 2030F |
9.4 Singapore Industrial Boilers Market Opportunity Assessment, By End-use Industry, 2020 & 2030F |
10 Singapore Industrial Boilers Market - Competitive Landscape |
10.1 Singapore Industrial Boilers Market Revenue Share, By Companies, 2023 |
10.2 Singapore Industrial Boilers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |