The Business Research Company’s Boiler, Tank, And Shipping Container Global Market Report 2021: COVID-19 Impact And Recovery To 2030
LONDON, GREATER LONDON, UK, August 27, 2021 /EINPresswire.com/ — According to the new market research report ‘Boiler, Tank, And Shipping Container Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the boiler, tank, and shipping container market is expected to grow from $1.82 trillion in 2020 to $2.08 trillion in 2021 at a compound annual growth rate (CAGR) of 13.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.67 trillion in 2025 at a CAGR of 7%. 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 during the forecast period.
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The boiler, tank, and shipping container market consist of sales of boiler, tank, and shipping containers by entities (organizations, sole traders or partnerships) that produce power boilers and heat exchangers, cut, form, and join heavy gauge metal to produce tanks, vessels, and other containers or form light gauge metal containers.
Trends In The Global Boiler, Tank, And Shipping Container Market
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 reduce 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 rise in automation and robotics technology adoption to improve productivity and reduce production costs. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman.
Global Boiler, Tank, And Shipping Container Market Segments:
The global boiler, tank, and shipping container market is further segmented based on type and geography.
By Type: Power Boiler And Heat Exchanger, Metal Tank (Heavy Gauge), Metal Can, Box, And Other Metal Container (Light Gauge)
By Application: Residential, Commercial, Others
By Product Type: Refrigerated Container, Dry Storage Container, Special Purpose Container, Flat Rack Container, Others
By Container Size: Small Containers, Large Containers, High Cube Container
By Geography: The global boiler, tank, and shipping container market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Western Europe boiler, tank, and shipping container market accounts for the largest share in the global boiler, tank, and shipping container market.
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Boiler, Tank, And Shipping Container Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides boiler, tank, and shipping container market overviews, analyzes and forecasts market size and growth for the global boiler, tank, and shipping container market, boiler, tank, and shipping container market share, boiler, tank, and shipping container market players, boiler, tank, and shipping container market segments and geographies, boiler, tank, and shipping container market’s leading competitors’ revenues, profiles and market shares. The boiler, tank, and shipping container market report identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Boiler, Tank, And Shipping Container Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Boiler, Tank, And Shipping Container Market Organizations Covered: Cesaroni Technology Inc, Ordan Thermal Products Ltd, Allied Can Manufacturing Inc, Nu-Tech Precision Metals Inc, Steam Sauna.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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