Press release
Boiler, Tank, And Shipping Container Market Key Drivers, Trends, Growth, Analysis, and Report to 2033: Strategic Insights
Boiler, Tank, And Shipping Container Market
The boiler, tank, and shipping container market size is expected to see strong growth in the next few years. It will grow to $299.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to energy transition, environmental regulations, digitalization and iot, hydrogen economy, e-commerce and logistics. Major trends in the forecast period include energy-efficient boilers, tank farm automation, containerization in agriculture, tank coating and lining technologies, intermodal container usage.
Market Overview -
Boilers, tanks, and shipping containers refer to a type of container made of metal by using a method of manufacturing that includes cutting, forming, and joining metal parts to produce tanks that are used for storage and transportation of goods from one place to another, the processing of liquid material, and the storage of hazardous liquids.
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Impact Of Rapid Advances In Wireless Technology To Boost The Boilers, Tanks, And Shipping Containers Market Growth
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, 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.
Competitive Landscape -
Major companies operating 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, A.P. Møller-Mærsk A/S, Novelis Inc., Rio Tinto Group, Alcoa Corporation, United Co RUSAL PLC, Aluminum Corporation of China Limited (CHALCO), Glencore International, Emirates Global Aluminum, Norsk Hydro ASA, Angang Steel Company Limited, Steel Authority of India Limited, SSAB AB, Nucor Corp, Compagnie de Saint-Gobain S.A., Nippon Steel & Sumitomo Metal Corporation, Vallourec SA, Voestalpine AG, Mechel PAO, Atlas Copco AB, Metso Oyj.
Development Of Products To Drive The Revenues Of Boiler, Tank, And Shipping Container Market
Major companies operating in the boiler, tank, and shipping container market are developing new products such as double-pallet shipping containers to meet larger customer bases, more sales, and increase revenue. A double-pallet shipping container is a type of cargo container designed to accommodate and transport two standard-sized pallets simultaneously. For instance, in December 2021, Tower Cold Chain, a UK-based provider of temperature-controlled containers, launched the KTM42D, a reusable double-pallet container. This product's unique feature is its passive temperature management system, which confirms the internal temperature using data logging technology. It has an interior temperature range of -80 to -60 degrees Celsius. It is appropriate for transporting vaccinations, products used in the life sciences, and any other item that needs a constant temperature during storage or transportation.
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Key Segments -
The boiler, tank, and shipping container market covered in this report is segmented -
1) By Type: Power Boiler and Heat Exchanger, Metal Tank (Heavy Gauge), Metal Can, Box, and Other Metal Container (Light Gauge)
2) By Product Type: Refrigerated Container, Dry Storage Container, Special Purpose Container, Flat Rack Container, Other Product Types
3) By Container Size: Small Containers, Large Containers, High Cube Container
4) By Application: Residential, Commercial, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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