The global steam boiler systems marketis highly region-concentrated with a strong presence of key players in their home regions, finds a new study by Transparency Market Research (TMR). At the global level, the market is led by Alstom, General Electric, Cleaver – Brooks Inc., BHEL, and Larsen & Toubro Ltd., which collectively held a share of more than 46% in the overall market in ... Read more
The steam boiler systems market is estimated to witness a CAGR of 4.85% to reach US$16.116 billion in 2024 from US$12.129 billion in 2018. Steam boiler systems are devices that are used to create steam by applying heat energy to water. Steam boilers are primarily used for generating power in steam engines or steam turbines. Rising demand for energy across the world is expected to create a positive impact on the uptake of steam boiler systems.
The steam boiler systems market is estimated to witness a CAGR of 4.85% to reach US$16.116 billion in 2024 from US$12.129 billion in 2018. Steam boiler systems are devices that are used to create steam by applying heat energy to water. Steam boilers are primarily used for generating power in steam engines or steam turbines. Rising demand for energy across the world is expected to create a positive impact on the uptake of steam boiler systems.
