The boiler, tank
and shipping container manufacturing market includes establishments engaged in
cutting, forming, and joining light and heavy gauge metal containers, tanks,
and vessels. They also manufacture and may install power boilers and heat
exchangers.
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The global boiler, tank, and
shipping container manufacturing market was valued at $22 billion in 2017. This
is due to technological advances and new product developments at competitive
prices driving the metal and mineral manufacturing market.
The market can be easily
split into power boiler and heat exchanger, metal tank (heavy gauge), metal
can, box, and other metal container (light gauge).
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China was the largest country
in the market, accounting for nearly 30% of the global boiler, tank, and
shipping container manufacturing market share. This is due to the large
automobile and telecom manufacturing market in the country. China was followed
by India and Japan as the next largest countries in the market.
The major competitors in the
market are Cesaroni Technology Inc., Ordan Thermal Products Ltd, Allied Can
Manufacturing Inc., Nu-Tech Precision Metals Inc., and Steam Sauna.
Cesaroni Technology
Incorporated was the largest player in the market. It is a high-tech company
specializing in industrial design and manufacturing as well as research and development.
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