Global Boiler, Tank, and Shipping Container Market Sets Sail with $313.93 Billion by 2027

The Business Research Company's Boiler, Tank, And Shipping Container Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LANDON, GREATER LANDON, UK, December 7, 2023 /EINPresswire.com/ -- The global boilers, tanks, and shipping containers market, segmented by type, product type, container size, and application, experienced substantial growth, surging from $220.3 billion in 2022 to $238.02 billion in 2023, marking an impressive Compound Annual Growth Rate (CAGR) of 8.0%. Despite disruptions caused by the Russia-Ukraine war and lingering impacts of the COVID-19 pandemic, the market is poised for further expansion, with an anticipated size of $313.93 billion by 2027, reflecting a CAGR of 7.2%.

Driving Forces: Technological Advances and Innovation
Rapid advances in wireless technology and miniaturization are expected to drive innovation boilers, tanks, and shipping containers market market growth. Technologies such as 3D printing, artificial intelligence, and big data analytics are being harnessed during the manufacturing process, leading to enhanced productivity, reduced operating costs, and increased profit margins. The proliferation of IoT devices is a significant contributor, with internet traffic projected to triple from earlier levels in 2022, and the share of IoT devices expected to rise by 28% by 2025. This technological wave is set to shape the market landscape in the forecast period.

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Market Leaders: Navigating the Seas of Opportunity
Major players steering the boilers, tanks, and shipping containers 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, and A.P. Møller-Mærsk A/S. These industry leaders play a pivotal role in driving market dynamics through strategic initiatives and leveraging cutting-edge technologies.

Robotics Revolutionizing Manufacturing
Many metal and mineral manufacturing companies are at the forefront of the robotics and automation revolution, leveraging these technologies to enhance plant efficiency and productivity. The deployment of industrial robots is projected to reach 1.2 million by 2025, indicating a substantial rise in automation adoption to improve productivity and reduce production costs. According to a report by KPMG, 63% of executives in metal manufacturing companies are considering investing in boilers, tanks, and shipping containers market automation, showcasing a strong industry inclination towards embracing these transformative technologies.

Navigating the Market Seas: Segmentation Breakdown
1. Type
Power Boiler and Heat Exchanger
Metal Tank (Heavy Gauge)
Metal Can, Box, and Other Metal Container (Light Gauge)

2. Product Type
Refrigerated Container
Dry Storage Container
Special Purpose Container
Flat Rack Container
Other Product Types

3. Container Size
Small Containers
Large Containers
High Cube Container

4. Application
Residential
Commercial
Other Applications

Regional Dynamics: Asia-Pacific Takes the Helm
Asia-Pacific emerged as the largest region in the boilers, tanks, and shipping containers market in 2022, underscoring its dominant position in the industry. Western Europe secured the second-largest market share, significantly contributing to the global market. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.

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Boiler, Tank, And Shipping Container Global Market Report 2023 from TBRC covers the following information:

1. Market size date for the forecast period: Historical and Future
2. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
3. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Boiler, Tank, And Shipping Container Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on boilers, tanks, and shipping containers market size, boilers, tanks, and shipping containers market drivers and boilers, tanks, and shipping containers market trends, boilers, tanks, and shipping containers market major players, competitors' revenues, boilers, tanks, and shipping containers market positioning, and boilers, tanks, and shipping containers market growth across geographies. The boilers, tanks, and shipping containers market report helps you gain in-depth insights on boilers, tanks, and shipping containers market opportunities and boilers, tanks, and shipping containers market strategies. Companies can leverage the data in the boilers, tanks, and shipping containers market report and tap into segments with the highest growth potential.

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