The ongoing trend of industrialization across the globe has been fueling the water tube industrial boiler market remarkably, primarily driven by the increasing energy requirement. Though the dependency on fossil fuel resources continues to remain consistent, surging interest regarding the environmental benefits of sustainable energy alternatives for reliable power has promoted the adoption of water tube industrial boilers. In addition to controlled emissions, long-term reliability and low operating cost are also the supplementary factors which are significantly stimulating the demand for water tube industrial boilers. The growing awareness among several regional governments about surging need to reduce the greenhouse gas footprints has also had a positive impact on the product demand, thereby influencing the commercialization scope of water tube industrial boiler market.
U.S. Water Tube Industrial Boiler Market Size, By Application, 2017 & 2024 (USD Million)
In line with the rising demand for this product, manufacturers are looking forward to launching a new range of boilers, pertaining to which they have been investing heavily in research and development activities. Renowned boiler manufacturers have already introduced a series of advanced products integrated with modern technologies. The different tactics adopted by these players and the way they have been influencing the product demand are discussed in the paragraphs below:
Cleaver-Brooks ? Implementing various strategies to speed up the purchase orders of water tube industrial boilers
Cleaver-Brooks is known for its commitment toward the development for efficient and quality product ranges. In order to increase the customer base, a company is continuously altering their strategies for developing environmentally friendly, affordable, and energy-efficient products. Recently, for fueling the demand for water tube as well as firetube boilers, it has changed its product design strategy that will have a significant impact on the overall water tube industrial boiler market share.
The range of configured watertube boilers that Cleaver-Brooks has launched is called CBCW, and this line will help consumers get access to technical documentation very easily without having to put in efforts to develop documentation on a custom order. The minimization of engineering time, thus, seems to have helped the company reduce the overall cost of the product.
On the other hand, Cleaver-Brooks is also planning to deliver customized products based upon the suitability of application such as healthcare, pharmaceutical, F&B, and paper and pulp. The integrated approach to maximize boiler performance and customer experience is slated to propel the water tube industrial boiler market size over the years ahead.
Superior Holding, Inc ? investing to strengthen joint marketing and sales strategies
A leading manufacturer of Scotch Marine and vertical firetube boilers and boiler equipment, Superior Holding has acquired Virginia-based English Boiler & Tube which is renowned for its design and fabrication of packaged water tube boiler systems primarily for industrial and heavy applications. With the acquisition of this leader in water tube industrial boiler market, it is looking forward to providing all variants of industrial boiler comprising fire tube and water tube boiler and their equipment on a single platform to its customers. The joint marketing strategy of Superior Holding with the acquisition of other leading boiler manufacturers will turn out to be rather beneficial for this firetube boiler manufacturer to enhance its position in the industry.
Superior Holding seems to be on the verge of continuing to deliver exceptional quality products to its customers by utilizing its engineering expertise on a large scale. The development of quality products along with excellent customer service and support will concurrently emerge useful for companies to strengthen their position in water tube industrial boiler market.
The consistent efforts put by the boiler manufacturers to ensure efficiency and cater to consumer interests is certain to propel water tube industrial boiler market trends. The high energy output and low emission characteristics associated with the use of water tube boilers for several industrial applications is also poised to increase the product demand. Consequently, driven by growing industrialization, water tube industrial boiler market will surpass a revenue collection of USD 9 billion by the end of 2024.