The global steam boiler systems market is highly region-concentrated with a strong presence of key players in their home regions, finds a new study by Transparency Market Research (TMR). At the global level, the market is led by Alstom, General Electric, Cleaver - Brooks Inc., BHEL, and Larsen & Toubro Ltd., which collectively held a share of more than 46% in the overall market in 2015. The leading players are actively involving into mergers and acquisitions, which is anticipated to increase the competition within the market over the years to come. According to the TMR’s report, the global market for steam boiler systems offered an opportunity worth US$12.0 bn in 2015. Analysts project it to swell at a CAGR of 5.30% during the period from 2016 to 2024 and touch US$8.9 bn by the end of the forecast period. In terms of sales volume, the market is likely to cross the 244,836 units mark by 2024. Water tube boilers have emerged as the most valued products in thi...
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