Industrial boilers are widely deployed in industries such as power generation, chemical, oil and gas, and food and beverage. “Global Industrial Boiler Market Forecast and Opportunities, 2019,” which is available through Research and Markets, states that of the two types of industrial boilers — watertube and firetube  — watertube boilers hold a larger market share due to their ability to operate at higher pressure.

According to the study, Asia-Pacific accounts for the largest demand share of industrial boilers. Within Asia-Pacific, China dominates due to its growing industrial activity and rising demand for power generation. Besides China, other Asian countries such as India and Japan are expected to see increasing demand for industrial boilers over the next five years. Also, with increasing focus on new technology, the demand for circulating fluidized bed boilers is expected to increase at a higher rate in coming years.

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