Published on : Nov 30, 2016
ALBANY, NY, Nov 30, 2016: The report titled “Global Boiler Water Treatment Market 2016-2020” provides a holistic overview of the market covering the growth drivers influencing its growth and listing down the restraints that could hamper its trajectory in the long run.
The global boiler water treatment market is forecast to grow at a moderate pace between 2016 and 2020. The demand for boiler water treatment is expected to rise in response to the increasing demand for water worldwide. The boiler water treatment technology is used to purify water. Recently, diverse water treatment methods are used extensively to avoid corrosion, foaming, and scale. In addition, the demand for the technology is gaining pace in response to the rising industrialization witnessed worldwide.
Many countries around the world still depend on electricity generated from coal because it provides uninterrupted power supply. This in turn creates the demand for power boilers, subsequently boosting the global boiler water treatment market. Furthermore the increasing number of power plant installations across emerging economies of Asia Pacific and Africa and the replacement of traditional boiler equipment, will provide considerable opportunities for the market’s growth.
According to the report, in the coming years diagnostic tools will find increasing application in the maintenance of boilers. This will be a major trend gaining traction for the boiler water treatment market in the coming years. Several industries have already started adopting predictive maintenance technologies such as ultrasonic noise detection, visual inspection, and infrared thermography, nondestructive thickness testing to predict and identify scaling, corrosion, and other faults on a regular basis.
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These technologies are considered indispensable as they help industries take corrective measures in the process of boiler water treatment and help them maintain boiler feedwater. Spurred by these factors, the global boiler water treatment market is poised to exhibit exponential growth in the forthcoming years.
Regionally, APAC, EMEA, and Americas constitute the key segments in the global boiler water treatment market. Among these regions, APAC emerged as the dominant regional market and is expected to remain in lead through the course of the report’s forecast period. The increasing demand for electricity witnessed in the region, coupled with the rising focus towards infrastructural development, is aiding the expansion of the boiler water treatment market in the region. The regional market is also expected to gain considerably from the expansion of the existing refineries. As per the leading analysts, India, China, Japan, Taiwan, South Korea, and Singapore will hold major share in the APAC boiler water treatment market.
Besides compiling exhaustive information pertaining to opportunities and threats of the global boiler water treatment market, the report also presents insights into its vendor landscape. Companies such as Veolia Water Technologies, GE Power, Nalco¸ ChemTreat, and Lenntech are identified as the leading vendors operating in the market. Other companies profiled in the report are B&V Group (SUEZ), Dew Speciality Chemical, AkzoNobel, Garratt-Callahan, BASF, Clarity Water Technologies, Chem-Aqua, and Kurita Water Industries.
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