Reverse Flame Steam Boiler Market : Market Research Report : Key Growth Factors and Forecast 2024
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.
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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.
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.
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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.
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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.
Global
Reverse Flame Steam Boiler Market Report is available at US$ 5795 -
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