The industry is finally looking up again!
The pandemic seems to have subsided with the third wave and Delta lurking in the background, the world much better prepared in case there is a severe outbreak, the chances of which seem meagre.
The stalwarts in the industry, a few whom I spoke to, are quite belligerent about the growth in 2022. Global travel and transportation are opening up. Inter-personal is coming back. WFH is going down. All signs of the imminent restoration of normalcy.
While the numbers will certainly take some time to be back to the 2019 levels, we can definitely see them moving higher in the later half of ’22.
We have also gone ahead and announced Boiler India 2022 on Mar 1, 2 & 3 in Navi Mumbai. Being an easy to reach location, we hope to have another fabulous exhibition and seminars as in the maiden edition in 2020. The maiden edition saw about 10,000 plus visitors and the second edition is expected to attract close to 20,000 business visitors. The vast spread of manufacturers, ancillaries, service agencies etc is quite an attraction for numerous buyers across the world.
We look forward to the strong participation of the American, European and Chinese companies in the fair, this coming year. The event secretariat is now active and all assistance and information can be sourced from Shraddha via phone at +91-99870 26115 or on mail: [email protected]. The team was pleasantly surprised at 30 stall confirmations in the first week of the announcement. The majority of the past exhibitors are inclined and keen to participate having experienced the excellent turnout of business visitors during the maiden show.
Expo Boiler Indonesia and Heatec, Shanghai are also scheduled to happen this year and we wish both these events a great success.
It was great to see ABMA introducing their expo: Boiler2022 for the first time ever.
I came across many research studies that hold the viability of conventional boilers good till 2050 post which some say, non-conventional energy sources should take over. A team at a university is also in the process of identifying safe nuclear waste being used as a source of energy and commercialisation of the technology, gradually. They say, if such means succeed, conventional sources need not be required to power boilers.
Chinese manufacturers temporarily seemed to have suffered due to the government’s attempt at curbing steel production by cutting export benefits to improve PRC’s carbon footprint. But the steep surge in demand worldwide seems to have brought great relief to the producers. China churns out half the world’s steel, and is the biggest exporter, but has vowed to reduce output in 2021 as part of a drive to contain carbon emissions from one of its dirtiest industries. The tax changes could alter the global steel trade and tighten markets in the middle of a global boom.
While the tax changes may have some cooling effect on domestic prices, investors “remain very confident” about a tight Chinese steel market, analyst Lin Lin at CRU Group, said by phone. The volumes covered by these tax changes are small by comparison to China’s huge domestic output.
The September edition will have one of the stalwarts from the boiler industry editing the BWU issue as we look to greater participation from the industry, consultants, researchers, academics, manufacturers, users and all those associated with boilers.
Best wishes, always.
Bhanu Rajagopalan, Managing Editor, Boiler World Update