Demand for Clean Energy and Favorable Import Laws Fuels Adoption of Industrial Boilers...

Demand for Clean Energy and Favorable Import Laws Fuels Adoption of Industrial Boilers in Southeast Asia

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c85763) has announced the
addition of "Southeast Asian Industrial Boilers Markets" to their
offering.

This Frost & Sullivan research service titled Southeast Asian
Industrial Boilers Markets provides a comprehensive study of the
various types of industrial boilers, which are used for generating
process heat and power, and a thorough analysis of the key market
trends, competitive scenario, output trends, end-user trends, and
revenue forecasts for each boiler type. In this research, Frost &
Sullivan's expert analysts thoroughly examine the following markets:
fired boilers, heat recovery steam generators (HRSGs), and waste heat
boiler.

Industries' and Commercial Establishments' Demand for Process Heat
and Uninterruptible Power Supply Drives Industrial Boilers Markets

The keen focus of industries from diverse verticals such as food
and beverages, manufacturing, plastics, rubber, pharmaceuticals,
automobiles, and petrochemicals on improving their production
processes and energy efficiency strategies has significantly benefited
the industrial boilers market. The expansion of facilities and
operations will require vast amounts of reliable captive power, and
this need can be ably met by industrial boilers. This demand for
process heat and electricity could encourage industries to reduce
their dependence on utility grids, which could be unstable in some
Southeast Asian countries. However, market growth in each country in
the region may vary depending on the country's industrial policy,
existing tariff structure, maturity of technology, power availability,
and fuel resources.

The presence of numerous multinational and local equipment
suppliers makes the Southeast Asian industrial boilers market a highly
competitive one. 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 the 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 the analyst of
this research service. "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."

Rising concerns about the environment have created 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 the analyst. "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 the uptake of industrial boilers. For instance, the import
laws for industrial equipment in Malaysia are simple, and this
facilitates the expansion of the market. Meanwhile, 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 offering boilers with higher efficiencies and
better output.

Expert Frost & Sullivan analysts thoroughly examine the following
market sectors in this research:

By Application:

- Fired boilers market

- HRSG market

- Waste heat boiler market

By Geographic Region:

- Malaysia

- Thailand

- The Philippines

Southeast Asian Industrial Boilers Markets

- Executive Summary

- Southeast Asian Industrial Boilers Market

- Industrial Boilers Market in Malaysia

- Industrial Boilers Market in Thailand

- Industrial Boilers Market in The Philippines

For more information visit
here

Laura Wood

Senior Manager

Research and Markets

press@researchandmarkets.com

Fax: +353 1 4100 980

Copyright Business Wire 2008