Fire Tube Industrial Boiler Market Size
Estimated to show around 4.4% CAGR between 2024 and 2032, Fire Tube Industrial Boiler Market worth USD 3.1 billion in 2023 A fire tube boiler generates steam or hot water by means of fire and hot gases generated during combustion. Through tubes submerged in a chamber filled with water, the hot gasses pass. Steam or hot water results from the heat from the gasses being transmitted to the water via the tube walls. Other industrial operations, electricity generating, or heating are then uses for the steam. Through a chimney, the exhaust gases are released to create a draft preserving the combustion air flow.
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Thanks to fast expansion of the food processing sector and favorable prospects for the chemical sector, the market for industrial boilers made of fire tubes is expected to develop steadily. Moreover, governments and international financial institutions have carried out programs and policies to build new industrial facilities, so helping to adopt these boilers. Constant attempts to lower greenhouse gas emissions along with growing attention on replacing current heating systems will help the company to develop even more. Tight environmental rules, growing gasoline prices, and the necessity to lower maintenance costs will drive demand for energy-efficient technologies.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Fire Tube Industrial Boiler Market Size in 2023 | USD 3.1 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 4.4% |
| 2032 Value Projection | USD 4.6 Billion |
| Historical Data for | 2019 to 2023 |
| No. of Pages | 625 |
| Tables, Charts & Figures | 1,527 |
| Segments covered | Capacity, Technology, Fuel, Application |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
COVID– 19 Impact
The extensive disruptions in global supply chains, lockdown policies, and economic downturn caused delays or cancellements of industrial projects, therefore reducing demand for new boiler installations. The repair and replacement business suffered as well from the temporary closing of manufacturing plants and lower industrial activity. Furthermore, the demand for infrastructure development, industrial growth, and more attention on sustainable heating solutions has helped the market to recover its pace in late 2021.
Fire Tube Industrial Boiler Market Study
Find out more about the main segments forming this market.
Convenient fuel availability and clean combustion are among the several reasons driving the natural gas powered fire tube industrial boiler market expansion. Government rules aimed at lowering greenhouse gas emissions combined with strong expansion of small-scale businesses will propel the economic development.
Up to 2032 the market for oil-fired boilers will expand at a 4.2% CAGR. Low installation cost of the device and competitive fuel costs will help the sector grow. Lower energy efficiency, safety issues, and long-term price instability, among other factors, might, however, impede company expansion.
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Find more information about the main players influencing this market.
The fire tube industrial boiler market is split based on capacity as <10 MMBtu/hr, 10-25 MMBtu/hr, 25-50 MMBtu/hr, 50-75 MMBtu/hr and >75 MMBtu/hr. With 25% of the market share in 2022 the industrial boiler market with less than 10 MMBtu/hr holds The expansion of small-scale businesses driven by favorable government policies mixed with economic recovery will help the business to grow. The business scenario will be favored by the growing acceptance of several boiler systems on a broad scale throughout the major industrial sectors together with the primary metal industry.
Technology guides the segmentation of the fire tube industrial boiler market as condensing and non-condensing. By 2032 the condensing fire tube industrial boiler is expected to be worth USD 800 million more. Because of their low running costs, great efficiency, and ability to cut carbon emissions, these boilers are becoming more and more popular than substitutes. Government projects aiming at encouraging energy-efficient heating units together with higher upgradation of conventional systems would drive the company picture even further.
Application-based segmentation of the fire tube industrial boiler market includes food processing, chemical, pulp and paper, refinery, primary metal and others. By 2022 the food processing sector was worth more than USD 300 million. The industry scene will be changed by growing inclination for processed and packaged food as well as more investments in the growth of the food processing facilities. The commercial potential will be driven by growing relevance of these units to handle operations including baking, sterilization, food drying, and pasteurization.
Chemical application will see a rise due to growing worldwide demand for chemicals across industries like pharmaceuticals, petrochemicals, and specialty chemicals. Growing need for the acceptance of sophisticated technologies in accordance with rising customer attention toward maintenance and dependability will help the fire tube industrial boiler market to grow.
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By 2032 the Europe boiler market is expected to reach USD 900 million. The business environment will be improved by the favorable government rules along with growing expenditures in the modernization of current industrial facilities. Fire tube industrial boilers will be used in response to growing demands for the retrofitting of current boiler as well as growing attention on lowering energy consumption and greenhouse gas emissions.
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Fire Tube Industrial Boiler Market Share
The major players operating in the fire tube industrial boiler market includes
- Cleaver-Brooks
- Hurst Boiler & Welding Co
- The Fulton Companies
- Babcock Wanson
- Johnston Boiler
- Thermodyne Engineering Systems
- Clayton Industries
- Victory Energy Operations
- Rentech Boilers
- Cannon Bono Energia
- Hoval
- Superior Boiler
- ICI Caldaie S.p.A
- Sellers Manufacturing
- Nationwide Boiler
- BURNHAM COMMERCIAL BOILERS
Fire Tube Industrial Boiler Industry News
- Babcock Wanson bought PBS Power Equipment and Parat, one of European leaders in high-voltage boilers, in January 2023. Aimed to be the leader in solutions for the decarbonisation of the industrial sector, the new portfolio reinforces the company's dominance over the area. The acquisitions enabled the business to boost its market share, enhance its knowledge, and widen its clientele all around the world.
- Launched by Cleaver-Brooks in February 2020, Prometha, a connected boiler system, runs on Internet of Things (IoTs). From anywhere, the creative solution remotely manages the boiler systems provides increased dependability, sustainability, and safety. Advanced technology compiles information on the condition of the boiler system and sends it to laptops and cellphones for approved users. This real-time information lets consumers make exact judgments about boiler running and maintenance.
This fire tube industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBtu/hr” & “USD” from 2019 to 2032, for the following segments
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By Capacity
- < 10 MMBtu/hr
- 10-25 MMBtu/hr
- 25-50 MMBtu/hr
- 50-75 MMBtu/hr
- > 75 MMBtu/hr
By Technology
- Condensing
- Non-Condensing
By Fuel
- Natural Gas
- Oil
- Coal
- Others
By Application
- Food Processing
- Pulp & Paper
- Chemical
- Refinery
- Primary Metal
- Other Manufacturing
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)
How big is the fire tube industrial boiler market?
The market size of fire tube industrial boiler reached USD 3.1 billion in 2023 and is estimated to exceed USD 4.4 billion by 2032 on account of the rapid expansion of the food processing and chemical sector.
Why are condensing fire tube industrial boilers gaining traction?
The condensing fire tube industrial boiler is poised to generate more than USD 800 million by 2032 owing to the increasing government initiatives aimed at promoting energy-efficient heating units, along with the ongoing upgradation of conventional systems.
How big is the fire tube industrial boiler market in Europe?
The Europe boiler market is set to account for over USD 900 million by the end of 2032 attributed to the favorable federal regulations, coupled with increasing investments in the modernization of existing industrial facilities.
Who are the leading players in the fire tube industrial boilers industry?
The major industry participants are Cleaver-Brooks, Hurst Boiler & Welding Co, The Fulton Companies, Babcock Wanson, Johnston Boiler, Thermodyne Engineering Systems, Clayton Industries, Victory Energy Operations, Rentech Boilers, Cannon Bono Energia, Hoval, Superior Boiler, ICI Caldaie S.p.A., Sellers Manufacturing, Nationwide Boiler, BURNHAM COMMERCIAL BOILERS.
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