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Industries Demand for Clean and Stable Process Heat Energy Fuels Adoption of Industrial Boilers - Commercial establishments and industries across verticals have been increasingly demanding captive power to improve their production process and expand their facilities
Industries Demand for Clean and Stable Process Heat Energy Fuels Adoption of Industrial Boilers

 

NewswireToday - /newswire/ - Singapore, Singapore, 2008/03/27 - Commercial establishments and industries across verticals have been increasingly demanding captive power to improve their production process and expand their facilities.

   
 
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This demand for process heat and electricity could encourage industries to invest in industrial boilers instead of depending on utility grids, which could be unstable in some Southeast Asian countries.

New analysis from Frost & Sullivan (energy.frost.com), Southeast Asian Industrial Boilers Markets, finds that the market earned revenues of $252.2 million in 2006 and estimates this to reach $382.6 million in 2013.

Market growth in each country in Southeast Asia may vary depending on the country's industrial policy, existing tariff structure, maturity of technology, power availability, and fuel resources. However, the keen focus of industries such as food and beverages, manufacturing, plastics, rubber, pharmaceuticals, automobiles, and petrochemicals on improving energy efficiency strategies has significantly benefited the industrial boilers market.

The market is highly competitive because of the presence of numerous multinational and local equipment suppliers. Most local manufacturers enjoy immense popularity, especially among the price-sensitive small- and medium-sized companies.

Although some local companies also import low-cost equipment from China, end users prefer companies with local manufacturing bases, since it eliminates red tape. The strong presence of local suppliers even curtails the expansion plans of multinationals, which are preferred only by companies with critical applications.

"Most local manufacturers partner with or license the technology of industrial boilers from well-known European and U.S.-based multinational equipment suppliers," says Frost & Sullivan Industry Analyst Suchitra Sriram. "Market participants will also gain from strong support for cogeneration power plants and by selling the surplus power generated to the local utility grid at attractive prices."

Meanwhile, rising concerns about the environment have created a demand for environment-friendly power generation technologies in the industrial boiler market. This trend is expected to trigger wider adoption of diverse, clean fuels such as biomass and biogas.

The increasing prices of oil and gas are also causing a shift in focus from conventional fuels to greener ones. The abundance of biomass in agro-based countries such as the Philippines only enhances the demand for biomass boilers.

"Industries' move to retrofit coal and oil-fired boilers with biomass boilers and replace old packaged boilers with new ones have given a huge boost to the market," notes Sriram. "These changes are in line with the governments' visions of environmental awareness and promotion of green energy technology."

The governments' favorable import laws have also gone a long way in driving uptake of industrial boilers, despite the slowdown in industrial development in Southeast Asia. For instance, the import laws for industrial equipment in Malaysia are simple, and this facilitates the expansion of the market, while in Thailand, the import tariff on boilers and boiler parts is only 5.0 percent.

These laws also enable local manufacturers to import technologically advanced machinery from suppliers in Japan, Germany, and Belgium. They can also collaborate with multinational companies to gain technical expertise, thereby offer boilers with higher efficiencies and better output.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Southeast Asian industrial boilers markets, then send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

Southeast Asian Industrial Boilers Markets is part of the Energy & Power Growth Partnership Service program, which also includes research in the following markets: Malaysia industrial boilers market, Thailand industrial boilers market, and the Philippines industrial boilers market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

Southeast Asian Industrial Boilers Markets P0CC

 
 
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Industries Demand for Clean and Stable Process Heat Energy Fuels Adoption of Industrial Boilers

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Publisher Contact: Donna Jeremiah 
+603 6304 5832 djeremiah[.]frost.com
 
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