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Fire Tube Industrial Boiler Market to Witness Massive Growth in Next Seven Years

A brief overview of fire tube industrial boiler market with respect to the application spectrum: food processing to emerge as a vital growth avenue over 2018-2024
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With the commercialization of industrial boilers having ascended over
the recent years, fire tube industrial boiler market is anticipated to
witness a positive growth trajectory as well over 2018-2024. Fire tube
industrial boilers find extensive applications in food processing, paper
and pulp as well as chemical industries that have been registering
exponential growth in the recent decades. The massive growth trend is
expected to continue in the next few years, the impact of which is
certain to be felt across the revenue graph of the overall fire tube industrial boiler market.

Unveiling fire tube industrial boiler market trends from the food processing sector

The food processing industry is one of
the most ardent users of boilers – in most probability, fire tube
industrial boilers. Industrial food processing involves the application
of heat at several stages as heat still constitutes one of the basic
means of reducing and effectively eliminating microbiological risk in
food. Moreover, heat is also needed to cook the food to make it
smoother, softer, digestible and overall more appealing. Heat is also an
integral step in operations such as sanitation at pre-filling stage,
sterilization of packaged food, pasteurization, cleaning of sanitation
procedures of surfaces, equipment and food plant in general. Industrial
boilers play a major role in producing this heat and it is needless to
mention that with the expansion of the food processing industry, fire
tube industrial boiler market share is certain to depict a major
upsurge.

Certain factors have largely attributed
to the growth of the global food processing industry such as increase of
income levels among consumers in emerging economies as well as
recovering economy in developed nations. With more disposable incomes, a
significant rise in preference for pre-packaged food has been recorded
across the globe. While North America is arguably the largest market for
processed food across the globe, emerging markets like China, India,
Argentina and Brazil have registered increasing customer demand for
processed and packaged foods. Other factors like, women participating
more widely in the job market thereby left with less time to cook and a
young generation of consumers preferring convenience foods have also
added impetus to the growth of the food processing industry, indirectly
adding momentum to fire tube industrial boiler market.

Unveiling fire tube industrial boiler market trends from the chemical sector

The chemical industry is yet another
segment that demands industrial boilers on a large scale. Being one of
the largest industries across the globe, it goes without saying that its
colossal expansion scope is likely to create positive growth avenues
for the fire tube industrial boilers market. in 2017, chemical industry
accounted for approximately 25% of the fire tube industrial boiler
market revenue, propelled by the rising demand for petrochemical
products, cosmetics, commodity and fine chemicals. For instance, due to
shrinking acreage of land available for food supply on account of many
areas increasingly being used for the production of biofuel material, it
is becoming important to use agrochemicals such as fungicides,
fertilizers, insecticides, herbicides etc. to maximize agricultural
yield. With the demand for such chemicals growing each year, the
chemical industry is expected to receive a boost, which in turn will be
reflected in the fire tube industrial boiler market growth statistics
over 2018-2024.

As regulations regarding decreasing
greenhouse gases emission rises along with the volatility of boiler fuel
costs, it is imperative that the ensuing years will witness a slew of
industrial boiler upgradations, a trend that will positively affect the
fire tube industrial boilers industry. It is rather discernible to
utilize every bit of fuel for the utmost production of energy. In other
words, all of the heat value in fuel should be converted to steam energy
so as not only to maximize industrial yield but also to reduce the
emission of greenhouse gases.

Though boiler upgradations are often
expensive, in the long run more fuel-efficient boilers can save money
for the company as well as make it easier to obtain an environmental
permit, owing to which boilers that have already operated successfully
for more than 25 years are being replaced with boilers with better fuel
efficiency features, a trend noticed in the fire tube industrial boilers
market. The fire tube industrial boiler market size which was evaluated
to amass $2 billion in 2017 is thus anticipated to record installation
of nearly 40,000 units over 2018-2024, indicating promising growth
trends over the ensuing years.

Read More @ https://bit.ly/2PXy3el