Water Tube Chemical Boiler Market Trends

Growth Drivers

• Increasing industrial demand: The water tube chemical boiler market has gained an increasing industrial demand over time, attributable to the vigorous process of industrialization and the growth in chemical and petrochemical industries. Applications requiring high pressures and temperatures are predominantly sought by these industries, efficiently transmitted through water tube boilers. The trend toward cleanliness, and the use of natural gas and biofuels is accelerating the demand.
  
  Moreover, water tube boilers become preferable for large-scale operations as they can accommodate fluctuating demand. For instance, typical boiler efficiencies range from about 90% for the best solid biomass fuel boilers, to around 95% for oil- and natural gas-fired boilers. In addition, water tube boilers are adaptable and can be blend with any kind of fuel. This feature enables industries in moving forward with adopting more environmentally friendly practices.
• Expansion of infrastructure: The increasing amount of infrastructure expansions in the water tube chemical boiler market is driven by several strategic developments in the manufacturing sector. The growth is driven by the increasing need for energy-efficient and large-capacity boilers. For the upgrades in energy-intensive sectors, companies are investing heavily in industrial facilities and modernization of old structures.
  
  In June 2023, AtmosZero developed a revolutionary modular electrified boiler to replace fossil fuel-powered industrial boiler systems. Boiling water for process steam accounts for over 7% of the world's energy consumption. Furthermore, its ground-breaking solution is developing an economical and scalable approach for decarbonizing steam with a vision to eliminate emissions.

Challenges

• Market demand fluctuations: Some of the critical factors causing the fluctuations in this market are the volatility in the global energy and raw material markets. As fuel prices such as natural gas, coal, and oil are changing, the boiler-dependent industries generally reduce or accelerate investments in new boiler installations. Moreover, price volatility in commodities and supply chain disruptions have also impacted the manufacturing process of water tube boilers, thereby making the schedule of the manufacturers tangled with production as well as pricing structures.
• Skilled labor shortage: The lack of talented human resource not only impacts production but also the maintenance of these intricate systems. Manufacturing and operating water tube boilers demand a degree of knowledge in metallurgy, welding, thermodynamics, and advanced engineering. With the ongoing increase in the demand for boilers that work under high pressure and high temperature, the design, installation, and therefore, maintenance is that much more difficult and requires efficient manpower.
  
  The primary cause of this shortage is the aging workforce. This problem is aggravated further by the reluctance of younger generations to enter heavy industry and technical trades, as they perceive them as less desirable compared to working in a technologically driven economy. For instance, The U.S. Bureau of Labor Statistics has reported that almost 50.0% of the manufacturing workforce is age 45 or older, and this gap is increasing as workers retire without enough new entrants in their place to fill their roles.