A package boiler is a factory-made boiler that is capable of generating a large steam output at a high temperature and pressure. Package boilers are mainly utilized for heating purposes; these boilers function as steam generators for self-powered industrial plants. They can be purchased as a whole assembly unit. These boilers are perfect for tight spaces and can be easily installed. Package boilers require steam pipes, fuel supply, water pipes, and electrical connections to ensure their smooth functioning. Owing to their compact design and inclusion of an automatic burner management system, the maintenance cost of these boilers is comparatively low as compared to other boiler types.

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.