Industry Overview :

The majority of industries use boilers for process work or energy generation. Bangladesh is becoming more industrialized every day. Hence the growth of the boiler manufacturing sector is growing at an incredible rate.

Generally, boilers are used in all factories. Among them, power plants, fertilizer factories, sugar mills, textile mills, paper mills, feed mills, rice mills, Leather the pharmaceutical industry, and the clothing industry notable. More than thirty local boiler manufacturing companies are manufacturing almost 80% of small industrial boilers and 5% of medium-capacity horizontal fire tube boilers. From the 2007-2008 fiscal years to the 2018-2019 fiscal year totals of 1900+ boilers were manufactured in Bangladesh in supervision with office of the chief inspector of boilers. Bangladesh is shifting from an agricultural to an industrial sector, with an average annual industrial growth rate of 6.6% over the last decade. The industrial boiler market is expected to grow due to the fast growth of companies in Bangladesh and the growing need for high-quality, energy-efficient boilers. Furthermore, the Industrial Boiler market is expected to be driven by technological advancements and improved technologies used to minimize carbon emissions.