Industrial Boiler Market Size
With a value of USD 10.5 billion in 2023 and expected to rise at a CAGR of 4.7% from 2024 to 2032, industrial boilers market Strict government policies to lower Greenhouse Gas Emissions (GHGs) and severe climatic circumstances combined with continuous investments in economic development would help to improve the industrial trend.
Download Free Sample Ask for Discount Request Customization
To identify important trends in the market
Industrial boilers are vessels meant to produce heat or steam for different industrial uses by means of water. Industry development will be driven by the change from conventional heating systems to high-performance units together with strict government rules aiming at lowering carbon emissions. Moreover, developments in energy-efficient boilers and the growing need for heat and steam across many sectors would improve the business possibilities.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Industrial Boiler Market Size in 2023 | USD 10.5 Billion |
| Forecast Period | 2024-2032 |
| Forecast Period 2024-2032 CAGR | 4.7% |
| 032 Value Projection | USD 15.9 Billion |
| Historical Data for | 2021-2023 |
| No. of Pages | 180 |
| Tables, Charts & Figures | 72 |
| Segments covered | Product, Capacity, Technology, Application, Fuel & Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Trends in the Industry Boiler Market
An optimistic view of industrial facilities in accordance with growing heating unit demand would speed up industry dynamics. Rising industrialization along with the acceptance of effective steam generating technologies will also help to improve the business environment. Moreover, the boiler market will be driven by continuous industrial sector investments meant to drive outstanding heating facilities together with rising replaces of conventional boilers with higher capacity units.
Analysis of the Industrial Boiler Market
Find more information about the main players influencing this market.
By 2032, the 75–100 MMBtu/hr industrial boiler market will surpass USD 2 billion. The business scenario will be favored by increasing boiler installation in industrial sectors including refineries and pulp and paper industries. Rising production facilities together with ongoing industrial sector expenditures have helped to expand boiler systems with energy efficiency. Furthermore, government moves toward creative ideas for new facilities in many sectors in conjunction with the fast integration of renewable energy, therefore enhancing the industrial dynamics.
Download Free Sample Ask for Discount Request Customization
Find more information about the main players influencing this market.
Over 4% growth rate of the fire tube industrial boiler market will be seen by 2032. Product penetration will be driven by fast industrialization together with strict government policies on energy conservation. The industry view will change with the rising need for heat or steam at several phases of refinery operations and the increasing use of high-capacity heating systems. Furthermore accelerating the industry environment is rising expenditures toward the manufacturing sector in accordance with the continuing replacement of conventional boilers.
Searching for data unique to a region?
By 2032 Asia Pacific industrial boiler market is expected to reach USD 8 billion. Constant investment in increasing refining capacity in line with growing demand for processed food has produced a good business environment. Industry scenario will be fueled by rising foreign investment toward industrialization together with strong macroeconomic indicators. The industry perspective will be driven by continuous replacement of conventional heating coupled with rising heat and steam consumption throughout industrial operations.
Download Free Sample Ask for Discount Request Customization
The U.S. industrial boiler market will be sustained by the growing need for effective heating systems in accordance with low-cost product installations. Growing trend toward ideal heating systems combined with high-capacity electricity generation will promote product demand. Furthermore, a thorough replacement of traditional boilers with highly efficient boilers followed by innovative designs would boost the corporate environment.
Share in the Industrial Boiler Market
Leading producer and supplier of industrial boilers and heating systems is Groupe Atlantic Offering a large range of goods including condensing boilers, low-temperature boilers, and water heaters, the company has become a major participant in the HVAC (heating, ventilation, and air conditioning) industry. Emphasizing innovation and energy efficiency, it works on creating sustainable solutions that satisfy industry high performance criteria and strict environmental rules. Their products are extensively applied in many sectors for steam generation and heating, therefore helping to control energy consumption and lower carbon emissions.
Industrial Boiler Market Companies
The key industry players include
- Babcock and Wilcox Enterprises, Inc.
- Bharat Heavy Electricals Limited
- Bosch Industriekessel GmbH
- Clayton Industries
- Cleaver-Brooks
- Cochran
- Doosan Heavy Industries & Construction
- FERROLI S.p.A
- Fonderie Sime S.p.A.
- FONDITAL S.p.A.
- Forbes Marshall
- General Electric
- Groupe Atlantic
- Hoval
- Hurst Boiler and Welding Co, Inc.
- IHI Corporation
- John Cockerill
- John Wood Group PLC
- Mitsubishi Heavy Industries, Ltd.
- Miura America Co., LTD.
- Rentech Boilers
- Siemens
- Sofinter S.p.a
- The Fulton Companies
- Thermax Limited
- Victory Energy Operations, LLC
- Viessmann Climate Solutions SE
- Walchandnagar Industries Ltd. (WIL)
Industry News on Boilers
- Babcock & Wilcox has a contract to upgrade Asian renewable energy boilers in July 2024. The company will provide fresh pressure components, water-cooled wear zones, a secondary air system, water soot cleaning systems, and other equipment to increase the steam production capacity and efficiency while lowering emissions. It will also offer the client consultancy services all through the building and commissioning stages. This calculated action will improve the worldwide product of the company.
- Hoval has revealed the release of its UltraGas 2 series, the most recent iteration of gas condensing boilers, in January 2022. Certified for usage with up to 20% hydrogen mixed into natural gas, this new range This invention has enlarged the range of boiler products offered by Hoval and raised its market share in the HVAC solutions industry.
For the following sectors, this industrial boiler market research study offers in-depth coverage with estimates and projections in terms of "Units," "MMBtu/hr," and "USD Million" from 2021 to 2032
Click here to Buy Section of this Report
Market, By Product
- Fire-Tube
- By Capacity
- < 10 MMBtu/hr
- 10 - 25 MMBtu/hr
- 25 - 50 MMBtu/hr
- 50 - 75 MMBtu/hr
- 75 - 100 MMBtu/hr
- 100 - 175 MMBtu/hr
- 175 - 250 MMBtu/hr
- > 250 MMBtu/hr
- By Application
- Food Processing
- Pulp & Paper
- Chemical
- Refinery
- Primary Metal
- Others
- By Technology
- Condensing
- Non-Condensing
- By Fuel
- Natural Gas
- Oil
- Coal
- Others
- By Capacity
- Water-Tube
- By Capacity
- < 10 MMBtu/hr
- 10 - 25 MMBtu/hr
- 25 - 50 MMBtu/hr
- 50 - 75 MMBtu/hr
- 75 - 100 MMBtu/hr
- 100 - 175 MMBtu/hr
- 175 - 250 MMBtu/hr
- > 250 MMBtu/hr
- By Application
- Food Processing
- Pulp & Paper
- Chemical
- Refinery
- Primary Metal
- Others
- By Technology
- Condensing
- Non-Condensing
- By Fuel
- Natural Gas
- Oil
- Coal
- Others
- By Capacity
Market, By Capacity
- < 10 MMBtu/hr
- 10 - 25 MMBtu/hr
- 25 - 50 MMBtu/hr
- 50 - 75 MMBtu/hr
- 75 - 100 MMBtu/hr
- 100 - 175 MMBtu/hr
- 175 - 250 MMBtu/hr
- > 250 MMBtu/hr
Market, By Application
- Food Processing
- Pulp & Paper
- Chemical
- Refinery
- Primary Metal
- Others
Market, By Technology
- Condensing
- Non-Condensing
Market, By Fuel
- Natural Gas
- Oil
- Coal
- Others
The above information has been provided for the following regions and country
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Poland
- Italy
- Spain
- Austria
- Germany
- Sweden
- Russia
- Asia Pacific
- China
- India
- Philippines
- Japan
- South Korea
- Australia
- Indonesia
- Middle East & Africa
- Saudi Arabia
- Iran
- UAE
- Nigeria
- South Africa
- Latin America
- Argentina
- Chile
- Brazil
Frequently Asked Questions (FAQ)
What is the size of the industrial boiler market?
The market size of industrial boiler was worth USD 10.5 billion in 2023 and is estimated to grow at 4.7% CAGR through 2032, owing to the surging upgradation & replacement of existing boilers.
Why is the demand for fire tube industrial boilers growing?
The fire tube segment in the industrial boiler market size will witness over 4% CAGR during 2024 to 2032, due to rapid industrialization coupled with stringent government mandates on energy conservation.
How big is the Asia Pacific industrial boiler industry?
Asia Pacific industrial boiler market is set to surpass USD 8 billion by 2032, driven by the ongoing investment towards expansion of refining capacity.
Mention the key players involved in the industrial boiler industry?
Babcock and Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited, Bosch Industriekessel GmbH, Clayton Industries, Cleaver-Brooks, Cochran, Doosan Heavy Industries & Construction, FERROLI S.p.A, Fonderie Sime S.p.A., FONDITAL S.p.A., and Forbes Marshall
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy