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Steam Boiler Systems Market is to Reach US$18.9 bn by end of 2024 | TMR

  The global  steam boiler systems market  is foreseen to be extremely concentrated owing to presence of several players across the globe, says a report by Transparency Market Research (TMR). At the international scale, General Electric, BHEL, Alstom, Cleaver - Brooks Inc., and Larsen & Toubro Ltd., dominated the global steam boiler systems market. These firms in 2015, aggregately accounted for a 46% share of the entire market. The key players are rapidly adopting strategies such as collaboration, mergers and acquisitions that are estimated to propel the growth of steam boiler systems market in the forthcoming years.  The global steam boiler systems market is prognosticated to expand at a steady CAGR of 5.30% within the forecast period from 2016 to 2024. In 2015, the global steam boiler systems market was valued around worth US$12.0 bn. This figure is anticipated to surge around value of US$18.9 bn due to increasing opportunities for the players, by 2024...