Boiling over: Increased competition will hinder operators, slowing industry growth

Over the five years to 2017, performance has fluctuated for the Boiler and Heat Exchanger Manufacturing industry due to highly cyclical demand from the industry's key markets. In addition, globally determined price levels of key inputs are volatile and influence the selling price of boilers and heat exchangers. Over the five years to 2022, rebounding industrial and general manufacturing activity is likely to boost demand for boilers and heat exchangers. However, ongoing import penetration and volatile steel prices will hinder industry growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
2.2%
Forecast Growth 17-22
Profit
Employment
22,613
Businesses
327

Industry Threats & Opportunities

  • Globally determined price levels of key inputs are volatile and influence the selling price of industry products
  • The global arena represents both an opportunity and threat to industry operators
  • Demand from industrial markets will rebound as domestic industrial production levels improve
  • Industry Report - Starting a New Business Chapter

    The Boiler and Heat Exchanger Manufacturing industry has moderate barriers to entry, given the medium level of capital required to start a new business. The industry is in the mature stage of its industry life cycle; therefore, growth in the number of entrants has decreased. However, competition continues to remain high as a significant number of enterprises are operating in the industry, totaling an estimated 261 companies in 2017.The industry includes a medium level of assistance, given several different tariffs relating to industry products. These actions protect domestic producers somewhat from import competition (For further information please see the Industry Assistance section of this report). Fur...purchase to read more.

    Additional Insights for the Boiler & Heat Exchanger Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Boiler & Heat Exchanger Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Reliability of supply
  • Highly trained workforce
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Trade-weighted index in the Boiler & Heat Exchanger Manufacturing industry impact industry performance..

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    What's in this report

    What is the Boiler & Heat Exchanger Manufacturing Industry?

    This industry primarily manufactures boilers and heat exchangers. Boilers are closed vessels where fluid is heated, while heat exchangers allow thermal energy to be transferred between fluids while keeping them separate. Industry products are used in a variety of industrial, energy and commercial markets.

    Industry Products
  • Heat exchangers and steam condensers
  • Power boilers and parts/attachments
  • Nuclear reactor steam supply systems
  • Industry Activities
  • Manufacturing heat exchangers and steam condensers
  • Manufacturing boilers and parts/attachments
  • Manufacturing nuclear reactor steam supply systems
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Trade-weighted index
  • World price of steel
  • Demand from food manufacturing
  • Value of utilities construction

  • Current Performance
  • Volatile conditions
  • A global game
  • Efficiency trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand growth and regulation
  • International trade
  • Industry landscape
  • Table: Boiler & Heat Exchanger Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Boiler & Heat Exchanger Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Heavy Engineering Construction
  • Frozen Food Production
  • Petroleum Refining
  • Inorganic Chemical Manufacturing
  • Plastic Film, Sheet & Bag Manufacturing
  • Metal Tank Manufacturing
  • Heating & Air Conditioning Equipment Manufacturing
  • Nuclear Power

  • Key Selling Industries
  • Copper Rolling, Drawing & Extruding
  • Ferrous Metal Foundry Products
  • Nonferrous Metal Foundry Products Manufacturing
  • Paint Manufacturing
  • Structural Metal Product Manufacturing
  • Valve Manufacturing

  • Products & Services
  • Heat exchangers and steam condensers
  • Other
  • Power boilers and parts/attachments
  • Nuclear reactor steam supply systems
  • Chart: Boiler & Heat Exchanger Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial sector
  • Commercial sector
  • Export markets
  • Other markets
  • Chart: Major Market Segmentation for the Boiler & Heat Exchanger Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Boiler & Heat Exchanger Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Boiler & Heat Exchanger Manufacturing Industry

  • Industry Globalization
    Modine Manufacturing Company, SPX Corporation,
  • Table: Modine Manufacturing Company - financial performance
  • Table: SPX Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Boiler & Heat Exchanger Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Boiler & Heat Exchanger Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World price of steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Barometric Condenser
  • A contact condenser that uses a long, vertical pipe where water and other liquids are removed by the pressure at the end of the pipe.
  • Boiler
  • A closed vessel in which water or other fluids are heated.
  • Economizer
  • A heat exchange device that heats fluid up to its boiling point while improving boiler efficiency.
  • Heat Exchanger
  • Equipment built for efficient heat transfer from one medium to another. The media may be separated to prevent mixing or they may be in direct contact.
  • Hvac
  • Heating, ventilating and air-conditioning systems used to maintain air quality through ventilation and filtration.
  • What Our Customers Say

    Why buy this report?

    The Boiler & Heat Exchanger Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Boiler & Heat Exchanger Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Boiler & Heat Exchanger Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Boiler & Heat Exchanger Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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