Boiler, Tank, And Shipping Container Global Market Report 2022

Boiler, Tank, And Shipping Container Global Market Report 2022

  • May 2022 •
  • 300 pages •
  • Report ID: 6282172 •
  • Format: PDF
Major companies in the boiler, tank and shipping container market include Ball Corporation, China International Marine Containers (Group) Ltd, General Electric Company, Alfa Laval AB, Ardagh Group S.A, Doosan Heavy Industries & Construction Co. Ltd, Pacific International Lines (Private) Limited, BWX Technologies Inc, CIMC Enric Holdings Limited, and A.P. Møller-Mærsk A/S.

The global boiler, tank, and shipping container market is expected to grow from $197.91 billion in 2021 to $217.64 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%. The market is expected to grow to $304.29 billion in 2026 at a CAGR of 8.7%.

The boiler, tank, and shipping container market consists of sales of the boiler, tank, and shipping containers by entities (organizations, sole traders or partnerships) that produce boiler, tank, and shipping container.

The main types of boilers, tanks and shipping containers are power boiler and heat exchanger, metal tank (heavy gauge), metal can, box, and other metal container (light gauge).The power boiler and heat exchanger are used by the powerplants to boil the water into steam.

The different product types include refrigerated containers, dry storage containers, special-purpose containers, flat rack containers, and other product types. They are available in different sizes such as small containers, large containers, and high cube containers and are used in residential, commercial, and other applications.

Asia Pacific was the largest region in the boiler, tank, and shipping container market in 2021.Western Europe was the second largest region in the boiler, tank, and shipping container market.

The regions covered in the boiler, tank, and shipping container report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in boiler, tank, and shipping container manufacturing thus driving the market during the forecast period.Furthermore, technologies such as 3D printing, artificial intelligence and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs and higher margins.

For instance, in July 2019, according to the Compass, the internet traffic is projected to three times from earlier in 2022 and the share of IoT devices is expected to rise 28% by 2025., thus driving the boiler, tank, and shipping container manufacturing market in the forecast period.

Many metal and mineral manufacturing companies are using robotics and automation to improve plant efficiency and productivity.Sensors are being used in various machines to access invaluable data for improving efficiencies and reducing potential breakdowns.

For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to the KPMG report, 16% of executives of global metals companies have already invested in robotics for metal manufacturing, 31% of executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest in robotics shortly. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation.

The countries covered in the boiler, tank, and shipping container market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam.