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Boiler Insurance Market by Boiler Type (Fire-Tube and Water-Tube), End User (Chemicals, Refineries, Metal & Mining, Food& Beverages and Others), Boiler Fuel (Natural Gas, Coal, Oil and Others) and Coverage Type (Boiler Cover, Boiler & Central Heating Cover and Boiler, Central Heating, Plumbing & Wiring Cover): Global Opportunity Analysis and Industry Forecast, 2020–2027

A07432
Pages: 278
Feb 2021 | 2025 Views
   
Author(s) : Pramod Borasi, Shadaab Khan , Vineet Kumar
Tables: 145
Charts: 66
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global boiler insurance market size was valued at $8.86 billion in 2019, and is projected to reach $20.68 billion by 2027, growing at a CAGR of 15.3% from 2020 to 2027. 

The unprecedented COVID-19 health crisis has negatively impacted the demand of boiler insurance market in developed as well as developing regions, owing to lockdowns across countries and shutdown of several manufacturing premises. However, governments of various countries such as China, India and others, are providing favorable policies for new companies to establish their market in the country for boosting their GDP, which is expected to provide lucrative opportunity for the market.

The key objective of boiler insurance is to cover the physical damages occurred to boiler as well as it also covers the cost of repairing or replacing the damaged equipment, motors, computers, telephones, and electrical equipment. In addition to this, various commercial and industrial end users are adopting boiler insurance to reduce their spending on cost incurred due to damage of the boiler. Furthermore, the boiler insurance providers are executing different rules & regulations related to insurance of various countries and are developing their existing offering by implementing advanced technologies that addresses a variety of customized coverages in the market, which is expected to fuel the boiler insurance market growth. 

Boiler-Insurance-Market,-2020-2027

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The key factors that drive the growth of the global boiler insurance market trends include increase in awareness about the boiler insurance among the industrial and commercial sectors across the globe and rise in need to reduce the repairing and maintenance cost of the boiler among the end users. In addition to this, new services offered by major players of the market propels the growth of the market. However, lower awareness about boiler insurance among the general public of emerging countries in Asia-Pacific and LAMEA and increase in stringent regulations by the government hamper the boiler insurance market growth. Furthermore, surge in small & medium-sized enterprises expanding their businesses and rise in demand for third-party liability coverage in emerging economies is expected to offer remunerative opportunities for the expansion of the global boiler insurance market during the forecast period.

Boiler Insurance Market
By Coverage Type

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Boiler & central heating cover is projected as one of the most lucrative segments.

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By coverage type, the boiler insurance market share was led by the boiler & central heating cover segment in 2019, and is projected to maintain its dominance during the forecast period. Rise in adoption of boiler & central heating cover insurance policies among the common people and industries for fixing various boiler issues such as annual service & maintenance, repairing of the boiler and other service charges drives the growth of the market in this segment. However, the boiler central heating, plumbing & wiring cover segment is expected to grow at the highest rate during the forecast period, owing to rising adoption of this coverage plans among the end users due to its various benefits and major players of the market introducing new schemes for this plan. 

Region wise, the boiler insurance market was dominated by North America in 2019, and is expected to retain its position during the forecast period. This is attributed to increase in adoption of advance technologies by insurers to improve traditional boiler insurance policies and index solutions are becoming some of the major trends in the region. However, Asia-Pacific is expected to witness significant growth during the forecast period, as rise in demand for boiler insurance is expected to gain momentum owing to majority of individuals buying new boilers for various household and commercial uses in the Asian countries.

Boiler Insurance Market
By Boiler Type

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Water-tube is projected as one of the most lucrative segments.

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The report focuses on growth prospects, restraints, and trends of the global boiler insurance market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on global boiler insurance market.

Segment review

The global boiler insurance market is segmented into boiler type, end user, boiler fuel, coverage type and region. On the basis of boiler type, it is categorized into fire-tube and water-tube. According to end user, it is classified into chemicals, refineries, metal & mining, food& beverages and others. Depending on boiler fuel, it is divided into natural gas, coal, oil and others. In terms of coverage type, the market is fragmented into boiler cover, boiler & central heating cover and boiler, central heating, and plumbing & wiring cover. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Boiler Insurance Market
By Boiler Fuel

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Natural Gas is projected as one of the most lucrative segments.

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The key players operating in the global boiler insurance market include AXA, AVIVA, British Gas, Domestic & General Group Limited, Future Generali, Homeserve, Tata AIG General Insurance Company Limited, The Hartford Steam Boiler Inspection and Insurance Company, Warranty People and Yourrepair. These players have adopted various strategies to increase their market penetration and strengthen their foothold in the boiler insurance industry.

COVID-19 impact analysis

Insurance industry plays a major role in economic growth by providing financial protection to people, assets, and businesses of a country against uncertain events. Hence, the business of insurance has become a massive contributor toward a country’s development. The pandemic has changed the prospects of every business sector, and the insurance industry is no exception. The boiler and machinery insurance industry has been negatively impacted by the outbreak of the COVID-19 pandemic, which has further led to economic instability. In addition to this, the situation created by COVID-19 being a health emergency is generating plenty of work for insurance companies, where customers are looking for answers and faster turnaround on insurance claims. It has led to many customers trying to get in touch with customer support teams of insurance firms across the world.

Boiler Insurance Market
By End User

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Chemicals is projected as one of the most lucrative segments.

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Top impacting factors

New services offered by major players of the market propels the growth of the market

Various insurance companies across the globe are introducing new strategies to improve their market value and to upsurge their revenue as well as to enhance their customer experience. In addition to this, digitization in the insurance sector is playing a vital role in the COVID-19 pandemic situation across the globe. Some of the boiler insurance companies are providing applications and other technologically advanced services to their customers to keep their customer safe from the pandemic situation. For instance, in December 2019, British Gas, which is a UK-based home & energy insurance company developed new digital services, which allows customers to avail boiler insurance services via voice-activated Google Home. In addition, customers can request "OK Google, talk to Boiler Support" to further launch a voice-enabled troubleshooting service. Thus, such new advance digitalized services have become a major trend in the boiler and machinery insurance industry, which, in turn, boosts the market growth. 

Rise in demand of third-party liability coverage in emerging economies 

Boiler insurance providers have an immense potential to expand products and services in the market. Companies include third-party liability coverage, comprehensive coverage, bodily & property damage, and medical coverage of the third parties. Thus, insurers are expected to provide lucrative opportunities to innovate and expand their offerings by including specific coverages such as pay-as-you-drive policy. This covers the property damage claims, personal damages claims, fire and related other claims. Furthermore, these coverages are provided in a combination or bundled offerings, thus making it convenient for consumers to choose specific requirements from the plans. All these factors collectively are expected to provide remunerative opportunities for product expansion in the upcoming years.

Boiler Insurance Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of17.0% during 2019-2027.

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Key Benefits For Stakeholders     

  • The study provides an in-depth analysis of global boiler insurance market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on global boiler insurance market outlook is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the boiler insurance market share from 2020 to 2027 is provided to determine the market potential.

Key Market Segments

By Boiler Type

  • Fire-Tube 
  • Water-Tube

By End User

  • Chemicals
  • Refineries
  • Metal & Mining
  • Food & Beverages 
  • Others

By Boiler Fuel

  • Natural Gas
  • Coal
  • Oil 
  • Others

By Coverage Type

  • Boiler Cover
  • Boiler & Central Heating Cover 
  • Boiler, Central Heating, Plumbing & Wiring Cover

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • UK
    • Germany 
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • South-East Asia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America 
    • Middle East 
    • Africa

Key Market Players

  • AXA
  • AVIVA
  • British Gas
  • Domestic & General
  • Future Generali
  • Homeserve
  • The Hartford Steam Boiler Inspection & Insurance Company
  • Tata AIG General Insurance Company Limited
  • Warranty People
  • Yourrepair
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the global boiler insurance market
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Surge in awareness about the boiler insurance among the industrial and commercial sector
3.4.1.2.Rise in need to reduce the repairing and maintenance cost of the boiler among the end users
3.4.1.3.New services offered by major players of the market propels the growth of the market

3.4.2.Restraint

3.4.2.1.Lower awareness about boiler insurance among the general public of emerging countries in Asia-Pacific and LAMEA region

3.4.3.Opportunity

3.4.3.1.Surge in small & medium boiler insurance providers across the globe
3.4.3.2.Rise in demand for third-party liability coverage in emerging economies

3.5.COVID-19 impact analysis on boiler insurance market

3.5.1.Impact on market size
3.5.2.Consumer trends, preferences, and budget impact
3.5.3.Framework for solving market challenges faced by boiler insurance providers and policy adopters
3.5.4.Economic impact
3.5.5.Strategies to tackle negative impact
3.5.6.Opportunity window

CHAPTER 4:GLOBAL BOILER INSURANCE MARKET, BY BOILER TYPE

4.1.Overview
4.2.Fire-tube

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Water-tube

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:GLOBAL BMETAL & MININGER INSURANCE MARKET, BY END USER

5.1.Overview
5.2.Chemicals

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Refineries

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Metal & mining

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Food & beverages

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

5.6.Others

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis, by country

CHAPTER 6:GLOBAL BOILER INSURANCE MARKET, BY BOILER FUEL

6.1.Overview
6.2.Natural gas

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Coal

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Oil

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.Others

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

CHAPTER 7:GLOBAL BOILER INSURANCE MARKET, BY COVERAGE TYPE

7.1.Overview
7.2.Boiler cover

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Boiler & central heating

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

7.4.Boiler, central heating, plumbing & wiring cover

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis, by country

CHAPTER 8:GLOBAL BOILER INSURANCE MARKET, BY REGION

8.1.Overview

8.1.1.Market size and forecast, by region

8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by boiler type
8.2.3.Market size and forecast, by end user
8.2.4.Market size and forecast, by boiler fuel
8.2.5.Market size and forecast, by coverage type
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by boiler type
8.2.6.1.2.Market size and forecast, by end user
8.2.6.1.3.Market size and forecast, by boiler fuel
8.2.6.1.4.Market size and forecast, by coverage type

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by boiler type
8.2.6.2.2.Market size and forecast, by end user
8.2.6.2.3.Market size and forecast, by boiler fuel
8.2.6.2.4.Market size and forecast, by coverage type

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by boiler type
8.3.3.Market size and forecast, by end user
8.3.4.Market size and forecast, by boiler fuel
8.3.5.Market size and forecast, by coverage type
8.3.6.Market analysis, by country

8.3.6.1.UK

8.3.6.1.1.Market size and forecast, by boiler type
8.3.6.1.2.Market size and forecast, by end user
8.3.6.1.3.Market size and forecast, by boiler fuel
8.3.6.1.4.Market size and forecast, by coverage type

8.3.6.2.Germany

8.3.6.2.1.Market size and forecast, by boiler type
8.3.6.2.2.Market size and forecast, by end user
8.3.6.2.3.Market size and forecast, by boiler fuel
8.3.6.2.4.Market size and forecast, by coverage type

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by boiler type
8.3.6.3.2.Market size and forecast, by end user
8.3.6.3.3.Market size and forecast, by boiler fuel
8.3.6.3.4.Market size and forecast, by coverage type

8.3.6.4.Italy

8.3.6.4.1.Market size and forecast, by boiler type
8.3.6.4.2.Market size and forecast, by end user
8.3.6.4.3.Market size and forecast, by boiler fuel
8.3.6.4.4.Market size and forecast, by coverage type

8.3.6.5.Spain

8.3.6.5.1.Market size and forecast, by boiler type
8.3.6.5.2.Market size and forecast, by end user
8.3.6.5.3.Market size and forecast, by boiler fuel
8.3.6.5.4.Market size and forecast, by coverage type

8.3.6.6.Netherlands

8.3.6.6.1.Market size and forecast, by boiler type
8.3.6.6.2.Market size and forecast, by end user
8.3.6.6.3.Market size and forecast, by boiler fuel
8.3.6.6.4.Market size and forecast, by coverage type

8.3.6.7.Rest of Europe

8.3.6.7.1.Market size and forecast, by boiler type
8.3.6.7.2.Market size and forecast, by end user
8.3.6.7.3.Market size and forecast, by boiler fuel
8.3.6.7.4.Market size and forecast, by coverage type

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by boiler type
8.4.3.Market size and forecast, by end user
8.4.4.Market size and forecast, by boiler fuel
8.4.5.Market size and forecast, by coverage type
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by boiler type
8.4.6.1.2.Market size and forecast, by end user
8.4.6.1.3.Market size and forecast, by boiler fuel
8.4.6.1.4.Market size and forecast, by coverage type

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by boiler type
8.4.6.2.2.Market size and forecast, by end user
8.4.6.2.3.Market size and forecast, by boiler fuel
8.4.6.2.4.Market size and forecast, by coverage type

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by boiler type
8.4.6.3.2.Market size and forecast, by end user
8.4.6.3.3.Market size and forecast, by boiler fuel
8.4.6.3.4.Market size and forecast, by coverage type

8.4.6.4.Australia

8.4.6.4.1.Market size and forecast, by boiler type
8.4.6.4.2.Market size and forecast, by end user
8.4.6.4.3.Market size and forecast, by boiler fuel
8.4.6.4.4.Market size and forecast, by coverage type

8.4.6.5.South Korea

8.4.6.5.1.Market size and forecast, by boiler type
8.4.6.5.2.Market size and forecast, by end user
8.4.6.5.3.Market size and forecast, by boiler fuel
8.4.6.5.4.Market size and forecast, by coverage type

8.4.6.6.Rest of Asia-Pacific

8.4.6.6.1.Market size and forecast, by boiler type
8.4.6.6.2.Market size and forecast, by end user
8.4.6.6.3.Market size and forecast, by boiler fuel
8.4.6.6.4.Market size and forecast, by coverage type

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by boiler type
8.5.3.Market size and forecast, by end user
8.5.4.Market size and forecast, by boiler fuel
8.5.5.Market size and forecast, by coverage type
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by boiler type
8.5.6.1.2.Market size and forecast, by end user
8.5.6.1.3.Market size and forecast, by boiler fuel
8.5.6.1.4.Market size and forecast, by coverage type

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by boiler type
8.5.6.2.2.Market size and forecast, by end user
8.5.6.2.3.Market size and forecast, by boiler fuel
8.5.6.2.4.Market size and forecast, by coverage type

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by boiler type
8.5.6.3.2.Market size and forecast, by end user
8.5.6.3.3.Market size and forecast, by boiler fuel
8.5.6.3.4.Market size and forecast, by coverage type

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Key players positioning analysis, 2019
9.2.Competitive dashboard
9.3.Top winning strategies

CHAPTER 10:COMPANY PROFILES

10.1.AXA

10.1.1.Company overview
10.1.2.Key Executives
10.1.3.Company snapshot
10.1.4.Operating business segments
10.1.5.Product portfolio
10.1.6.Business performance
10.1.7.Key strategic moves and developments

10.2.AVIVA

10.2.1.Company overview.
10.2.2.Key executive
10.2.3.Company snapshot
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.Business performance

10.3.BRITISH GAS

10.3.1.Company overview
10.3.2.Key Executives
10.3.3.Company snapshot
10.3.4.Product portfolio
10.3.5.Business performance

10.4.DOMESTIC & GENERAL GROUP LIMITED

10.4.1.Company overview
10.4.2.Key Executives
10.4.3.Company snapshot
10.4.4.Product portfolio
10.4.5.Business performance
10.4.6.Key strategic moves and developments

10.5.FUTURE GENERALI INDIA INSURANCE COMPANY LTD.

10.5.1.Company overview
10.5.2.Key Executives
10.5.3.Company snapshot
10.5.4.Product portfolio
10.5.5.Key strategic moves and developments

10.6.HOMESERVE MEMBERSHIP LTD.

10.6.1.Company overview
10.6.2.Key executives
10.6.3.Company snapshot
10.6.4.Product portfolio
10.6.5.Business performance
10.6.6.Key strategic moves and developments

10.7.TATA AIG GENERAL INSURANCE COMPANY LIMITED

10.7.1.Company overview
10.7.2.Key Executives
10.7.3.Company snapshot
10.7.4.Operating business segments
10.7.5.Product portfolio
10.7.6.Business performance

10.8.THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY (SUBSIDIARY OF MUNICH RE)

10.8.1.Company overview
10.8.2.Key executive
10.8.3.Company snapshot
10.8.4.Operating business segments
10.8.5.Product portfolio
10.8.6.Business performance
10.8.7.Key strategic moves and developments

10.9.WARRANTY PEOPLE

10.9.1.Company overview
10.9.2.Key Executives
10.9.3.Company snapshot
10.9.4.Product portfolio

10.10.YOURREPAIR

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Product portfolio
10.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 02.BOILER INSURANCE MARKET REVENUE FOR FIRE-TUBE, BY REGION, 2019–2027 ($MILLION)
TABLE 03.BOILER INSURANCE MARKET REVENUE FOR WATER-TUBE, BY REGION, 2019–2027 ($MILLION)
TABLE 04.GLOBAL BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 05.BOILER INSURANCE MARKET REVENUE FOR CHEMICALS, BY REGION, 2019–2027 ($MILLION)
TABLE 06.BOILER INSURANCE MARKET REVENUE FOR REFINERIES, BY REGION, 2019–2027 ($MILLION)
TABLE 07.BOILER INSURANCE MARKET REVENUE FOR METAL & MINING, BY REGION, 2019–2027 ($MILLION)
TABLE 08.BOILER INSURANCE MARKET REVENUE FOR FOOD & BEVERAGES, BY REGION, 2019–2027 ($MILLION)
TABLE 09.BOILER INSURANCE MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 10.GLOBAL BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 11.BOILER INSURANCE MARKET REVENUE FOR NATURAL GAS, BY REGION, 2019–2027 ($MILLION)
TABLE 12.BOILER INSURANCE MARKET REVENUE FOR COAL, BY REGION, 2019–2027 ($MILLION)
TABLE 13.BOILER INSURANCE MARKET REVENUE FOR OIL, BY REGION, 2019–2027 ($MILLION)
TABLE 14.BOILER INSURANCE MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 15.GLOBAL BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 16.BOILER INSURANCE MARKET REVENUE FOR BOILER COVER, BY REGION, 2019–2027 ($MILLION)
TABLE 17.BOILER INSURANCE MARKET REVENUE FOR BOILER & CENTRAL HEATING, BY REGION, 2019–2027 ($MILLION)
TABLE 18.BOILER INSURANCE MARKET REVENUE FOR BOILER, CENTRAL HEATING, PLUMBING & WIRING COVER, BY REGION, 2019–2027 ($MILLION)
TABLE 19.GLOBAL BOILER INSURANCE MARKET REVENUE, BY REGION, 2019–2027 ($BILLION)
TABLE 20.NORTH AMERICA BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 21.NORTH AMERICA BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 22.NORTH AMERICA BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 23.NORTH AMERICA BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 24.NORTH AMERICA BOILER INSURANCE MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 25.U.S. BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 26.U.S. BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 27.U.S. BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 28.U.S. BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 29.CANADA BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 30.CANADA BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 31.CANADA BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 32.CANADA BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 33.EUROPE BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 34.EUROPE BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 35.EUROPE BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 36.EUROPE BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 37.EUROPE BOILER INSURANCE MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 38.UK BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 39.UK BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 40.UK BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 41.UK BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 42.GERMANY BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 43.GERMANY BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 44.GERMANY BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 45.GERMANY BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 46.FRANCE BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 47.FRANCE BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 48.FRANCE BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 49.FRANCE BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 50.ITALY BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 51.ITALY BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 52.ITALY BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 53.ITALY BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 54.SPAIN BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 55.SPAIN BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 56.SPAIN BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 57.SPAIN BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 58.NETHERLANDS BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 59.NETHERLANDS BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 60.NETHERLANDS BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 61.NETHERLANDS BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 62.REST OF EUROPE BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 63.REST OF EUROPE BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 64.REST OF EUROPE BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 65.REST OF EUROPE BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 66.ASIA-PACIFIC BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 67.ASIA-PACIFIC BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 68.ASIA-PACIFIC BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 69.ASIA-PACIFIC BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 70.ASIA-PACIFIC BOILER INSURANCE MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 71.CHINA BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 72.CHINA BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 73.CHINA BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 74.CHINA BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 75.JAPAN BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 76.JAPAN BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 77.JAPAN BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 78.JAPAN BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 79.INDIA BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 80.INDIA BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 81.INDIA BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 82.INDIA BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 83.AUSTRALIA BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 84.AUSTRALIA BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 85.AUSTRALIA BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 86.AUSTRALIA BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 87.SOUTH KOREA BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 88.SOUTH KOREA BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 89.SOUTH KOREA BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 90.SOUTH KOREA BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 91.REST OF ASIA-PACIFIC BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 92.REST OF ASIA-PACIFIC BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 93.REST OF ASIA-PACIFIC BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 94.REST OF ASIA-PACIFIC BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 95.LAMEA BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 96.LAMEA BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 97.LAMEA BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 98.LAMEA BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 99.LAMEA BOILER INSURANCE MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 100.LATIN AMERICA BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 101.LATIN AMERICA BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 102.LATIN AMERICA BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 103.LATIN AMERICA BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 104.MIDDLE EAST BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 105.MIDDLE EAST BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 106.MIDDLE EAST BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 107.MIDDLE EAST BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 108.AFRICA BOILER INSURANCE MARKET REVENUE, BY BOILER TYPE, 2019–2027 ($MILLION)
TABLE 109.AFRICA BOILER INSURANCE MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 110.AFRICA BOILER INSURANCE MARKET REVENUE, BY BOILER FUEL, 2019–2027 ($MILLION)
TABLE 111.AFRICA BOILER INSURANCE MARKET REVENUE, BY COVERAGE TYPE, 2019–2027 ($MILLION)
TABLE 112.AXA :KEY EXECUTIVES
TABLE 113.AXA: COMPANY SNAPSHOT
TABLE 114.AXA.: OPERATING SEGMENTS
TABLE 115.AXA.: PRODUCT PORTFOLIO
TABLE 116.AVIVA: KEY EXECUTIVE
TABLE 117.AVIVA: COMPANY SNAPSHOT
TABLE 118.AVIVA: OPERATING SEGMENTS
TABLE 119.AVIVA: PRODUCT PORTFOLIO
TABLE 120.BRITISH GAS .: KEY EXECUTIVES
TABLE 121.BRITISH GAS: COMPANY SNAPSHOT
TABLE 122.BRITISH GAS : PRODUCT PORTFOLIO
TABLE 123.DOMESTIC & GENERAL GROUP LIMITED: KEY EXECUTIVES
TABLE 124.DOMESTIC & GENERAL GROUP LIMITED: COMPANY SNAPSHOT
TABLE 125.DOMESTIC & GENERAL GROUP LIMITED: PRODUCT PORTFOLIO
TABLE 126.FUTURE GENERALI INDIA INSURANCE COMPANY LTD.:KEY EXECUTIVES
TABLE 127.FUTURE GENERALI INDIA INSURANCE COMPANY LTD.: COMPANY SNAPSHOT
TABLE 128.FUTURE GENERALI INDIA INSURANCE COMPANY LTD.: CORPORATION: PRODUCT PORTFOLIO
TABLE 129.HOMESERVE MEMBERSHIP LTD.: KEY EXECUTIVES
TABLE 130.HOMESERVE MEMBERSHIP LTD.: COMPANY SNAPSHOT
TABLE 131.HOMESERVE MEMBERSHIP LTD.: PRODUCT PORTFOLIO
TABLE 132.TATA AIG GENERAL INSURANCE COMPANY LIMITED:KEY EXECUTIVES
TABLE 133.TATA AIG GENERAL INSURANCE COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 134.TATA AIG GENERAL INSURANCE COMPANY LIMITED OPERATING SEGMENTS
TABLE 135.TATA AIG GENERAL INSURANCE COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 136.THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY: KEY EXECUTIVE
TABLE 137.THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY: COMPANY SNAPSHOT
TABLE 138.THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY:OPERATING SEGMENTS
TABLE 139.THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY: PRODUCT PORTFOLIO
TABLE 140.WARRANTY PEOPLE : KEY EXECUTIVES
TABLE 141.WARRANTY PEOPLE. : COMPANY SNAPSHOT
TABLE 142.WARRANTY PEOPLE. : PRODUCT PORTFOLIO
TABLE 143.YOURREPAIR: KEY EXECUTIVES
TABLE 144.YOURREPAIR: COMPANY SNAPSHOT
TABLE 145.YOURREPAIR: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.GLOBAL BOILER INSURANCE MARKET, 2019–2027
FIGURE 03.GLOBAL BOILER INSURANCE MARKET, BY REGION, 2019–2027
FIGURE 04.BOILER INSURANCE MARKET: TOP IMPACTING FACTOR
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE-TO-HIGH BARGAINING POWER OF BUYER
FIGURE 08.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE-TO-HIGH COMPETITIVE RIVALRY
FIGURE 11.GLOBAL BOILER INSURANCE MARKET, BY BOILER TYPE, 2019–2027
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR FIRE-TUBE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR WATER-TUBE, BY COUNTRY,  2019 & 2027 (%)
FIGURE 14.GLOBAL BOILER INSURANCE MARKET, BY END USER, 2019–2027
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR CHEMICALS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR REFINERIES, BY COUNTRY,  2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR METAL & MINING, BY COUNTRY,  2019 & 2027 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR FOOD & BEVERAGES, BY COUNTRY,  2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.GLOBAL BOILER INSURANCE MARKET, BY BOILER FUEL, 2019–2027
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR NATURAL GAS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR COAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR OIL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.GLOBAL BOILER INSURANCE MARKET, BY COVERAGE TYPE, 2019–2027
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR BOILER COVER, BY COUNTRY,  2019 & 2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR BOILER & CENTRAL HEATING, BY COUNTRY, 2019 & 2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF BOILER INSURANCE MARKET FOR BOILER, CENTRAL HEATING, PLUMBING & WIRING COVER, BY COUNTRY, 2019 & 2027 (%)
FIGURE 29.U.S. BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 30.CANADA BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 31.UK BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 32.GERMANY BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 33.FRANCE BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 34.ITALY BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 35.SPAIN BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 36.NETHERLANDS BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 37.REST OF EUROPE BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 38.CHINA BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 39.JAPAN BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 40.INDIA BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 41.AUSTRALIA BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 42.SOUTH KOREA BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 43.REST OF ASIA-PACIFIC BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 44.LATIN AMERICA BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 45.MIDDLE EAST BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 46.AFRICA BOILER INSURANCE MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 47.KEY PLAYER POSITIONING ANLYSIS: GLOBAL BOILER INSURANCE MARKET
FIGURE 48.COMPETITIVE DASHBOARD
FIGURE 49.COMPETITIVE DASHBOARD
FIGURE 50.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 51.TOP WINNING STRATEGIES, BY YEAR, 2018-2020
FIGURE 52.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2020
FIGURE 53.TOP WINNING STRATEGIES, BY COMPANY, 2018-2020
FIGURE 54.AXA : NET SALES, 2017–2019 ($MILLION),
FIGURE 55.AXA: REVENUE SHARE, BY SEGMENT (2019)
FIGURE 56.AXA: REVENUE SHARE BY REGION (2019)
FIGURE 57.AVIVA: NET PROFIT, 2017–2019 ($MILLION)
FIGURE 58.CENTRICA PLC: REVENUE, 2017–2019 ($MILLION)
FIGURE 59.CENTRICA PLC: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 60.DOMESTIC & GENERAL GROUP LIMITED : REVENUE, 2019–2020 ($MILLION)
FIGURE 61.HOMESERVE MEMBERSHIP LTD. REVENUE, 2018–2020 ($MILLION)
FIGURE 62.HOMESERVE MEMBERSHIP LTD.: REVENUE SHARE BY REGION, 2020(%)
FIGURE 63.TATA AIG GENERAL INSURANCE COMPANY LIMITED: NET SALES, 2017–2019 ($MILLION)
FIGURE 64.THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY: NET SALES, 2017–2019 ($MILLION)
FIGURE 65.THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY: REVENUE SHARE BY SEGMENT (2019)
FIGURE 66.THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY: REVENUE SHARE BY REGION (2019)

 
 

Boiler insurance service providers are looking forward to expand their offerings to provide customized coverages for their customers. In addition to this, regulatory bodies across several countries are introducing several favorable polices for upsurging the boiler insurance market in the developing nations of Africa and Middle East which is driving the growth of the market. In addition, the COVID-19 outbreak has a significant impact on the global boiler insurance market, owing to shutdown of various chemical and manufacturing companies and rising coverage claims by individual which is negatively impacting the growth of the market.

The key providers of boiler insurance such as AXA, AVIVA, British Gas, Warranty People, Future Generali, The Hartford Steam Boiler Inspection and Insurance Company, and Tata AIG General Insurance Company Limited. account for a significant share in the market. North America dominated the boiler insurance market, in terms of revenue in 2019, and are expected to retain their dominance during the forecast period.

However, Asia-Pacific is expected to experience significant growth in the future, owing to emerging economies, increase in government support toward trading globally, thereby accelerating the demand for global boiler insurance market. Furthermore, the boiler insurance market is particularly brisk in countries, such as India, Australia, China, Japan, Indonesia, Korea, Hong Kong, Taiwan, with high GDP growth and rise in per capita income. Major players of the market are introducing different strategies to increase their market share in the developing region and to upsurge their overall market value. 
 

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