Global boiler market to grow at 6 CAGR between 2014-2019 according to the TechSci Research Report. The key factors leading to the boiler market is increasing demand for industrial boilers from developing countries. The trends in Industrial Boiler market has been witnessing the increasing usage of CFB boilers in the power sector.
The key growth drivers in this market is increasing demand for industrial boilers from developing countries i.e. India and China are going through a rapid industrialization phase, which is key driving force for industrial boilers market. However, despite higher demand, the major challenges in this market is the need for high initial investment. The rising costs of the raw materials and components required to manufacture industrial boilers have increased the overall operational costs for industrial boiler vendors.
With the on going market competition among the major players, several industrial boiler manufacturers are looking for better opportunities through increasing their market presence by distinguishing their products portfolios from their competitors. This has resulting into focus on R&D to provide best quality products with additional control features that can be userfriendly. Moreover, manufacturers are also more witting to develop environment friendly and cost-effective products.
SAKET PROJECTS organizes National Conference on Indian Steam and Boiler Sector - STEAMTECH coinciding with exhibition - STEAMTECH Technology SHOW, annually since 2007. It has been recognized as one of the major platforms offering a national debate on the subjects of contemporary interest concerning steam and boiler industry.
In view of the importance of the industry, it is relevant to bring the Indian steam and boiler system manufacturers including boiler and boiler equipment manufacturers, service providers, consultants and the users of steam and boiler systems to a common platform to discuss comprehensively and share their views on the present aspects. The 8th national conference - ‘STEAMTECH 2015’ will be held in February 27-28 2015 at J B Auditorium, Ahmedabad with the theme “Issues, Challenges, Opportunities & Innovations in Boiler Technologies”.
