Industrial Boiler Market

Industrial Boiler Market (Product Type: Fire Tube Boilers, Water Tube Boilers, and Electric Boilers; and Fuel Type: Oil, Coal, Biomass, Natural Gas, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Industrial Boiler Market Outlook 2031

  • The global industry was valued at US$ 12.2 Bn in 2022
  • It is estimated to grow at a CAGR of 4.4% from 2023 to 2031 and reach US$ 18.0 Bn by the end of 2031

Analysts’ Viewpoint

Industrial boilers play a vital role in the production of energy. The rapidly growing petrochemical and chemical industry in developing economies including India and China is expected to drive the industrial boiler market size. Industrial boilers are used in many industries such as food and beverages (including breweries), building materials, wood, paper, chemicals, oil & gas, and automotive.

To meet the increase in demand for industrial boilers, companies are expanding their existing manufacturing units and setting up new industrial plants. They are developing large-scale boilers to provide greater capacity to end-users.

The global industrial boiler market demand is expected to grow further due to increase in investment in the development of large energy projects globally. Moreover, the establishment of power plants in different regions is propelling global industrial boiler market growth.

Industrial Boiler Market

Market Introduction

A boiler is a closed vessel in which water or other suitable liquid is heated to produce steam. The steam comes out and is used for various purposes such as heating (water heating, central heating), generating electricity in a boiler, for cooking, and other domestic or industrial purposes. It essentially follows the concept of a pressure cooker, but on a bigger scale. The fluid is generally incorporated into the system and functions to provide steam through the combination of combustion products and water.

The types of industrial boilers vary according to their use. While domestic boilers are small and used for everyday household chores, an industrial steam boiler plays a vital role in the energy production process. Industrial boilers are environment-friendly if the fuel used is natural gas. They not only provide the required performance but also help industries to control toxic emissions that harm the environment.

Growing End-user Industries and Emerging Economies Boosting Global Industrial Boiler Market Share

High disposable income and a growing population fuels the growth of many industries including food and beverages, textiles, and FMCG.

Industrial boilers are used in food and beverage, petrochemicals, energy, and chemical industries. Boilers produce steam, which enables the heating process. Boilers use a variety of fuels to produce steam, including oil and gas, fossil, non-fossil, and biomass. Biomass fuel releases a smaller proportion of harmful gases into the environment, which is expected to increase its demand as a fuel for boiler systems

The U.S. Environmental Protection Agency’s new boiler rules are expected to prevent large-scale emissions into the environment. Consumers prefer natural gas, biogas, and other alternative fuels due to the growing awareness about pollution and environmental concerns. This is a significant industrial boiler market trend.

Industrial steam generator systems are similar to domestic heating boilers. Industrial boilers have a larger capacity, which meet the needs of hotels, hospitals, industrial buildings, or urban central heating. Steam boiler systems are used in industries such as food, textiles, paper & sugar mills, oil fields, and power plants. The usage of steam boilers is creating industrial boiler market opportunities.

Growth in demand for biodegradable and eco-friendly packaging, and an expanding e-commerce sector are expected to positively impact the growth of the pulp & paper industry. Growth in the aforementioned industries is likely to drive the demand for medium-capacity industrial boilers, according to the global industrial boiler market forecast.

Latest Technology Developments and Industry Trends

Over the past decade, a wide variety of innovative trends have emerged in the boiler industry. Companies have access to the most modern and advanced systems, ascribed to the increase in demand for low NOx (Nitrogen Oxide) systems, higher efficiency units, and reduced carbon footprints. The emerging low NOx regulations are designed to reduce the harmful effects of nitrogen oxide (NOx) gases on the environment. These reactive, highly toxic gases are produced when fuel is burned at high temperatures, such as in water heaters, boilers, and furnaces.

NOx has a detrimental effect on the environment. Benefits of low-NOx burners include increased energy efficiency, improved product quality, reduced maintenance costs, and a higher return on investment, apart from reduced NOx and carbon monoxide emissions, which is creating vast opportunities for power plant boiler manufacturers.

Furthermore, Industrial Internet of Things (IIoT) has affected virtually every industry worldwide, including the boiler industry. Many boilers now offer some form of Wi-Fi capability with the ability to control the unit from virtually anywhere via an internet connection. The boiler industry expects more progress in this area in the next few years. Companies are likely to increasingly gain the ability to control and monitor a boiler from applications on their devices. Boiler manufacturers have also started using IIoT to research new components to ensure customers have the most up-to-date systems available. The industrial boiler market size in the upcoming years is expected to be positively impacted by these developments.

Global Industrial Boiler Market Regional Insights

Europe dominated the industrial boiler market and accounted for the largest revenue share in 2023. The region is expected to dominate the industry due to several factors, including rapid industrialization and growing industries such as FMCG, food & beverages, and energy. Additionally, strict European government regulations on harmful emissions are expected to increase the demand for industrial boilers.

The market is growing steadily in Asia Pacific with the adoption and installation of power generation plants. Governments of countries such as India and China are focusing on investing in green energy projects to stop pollution by reducing greenhouse gases.

Analysis of Key Players

The global industrial boiler market is partly fragmented with several large-scale vendors controlling a majority share. Most of the companies are spending significantly on comprehensive research & development activities in industrial boilers, primarily to produce and develop latest products. 

Key companies in the industrial boiler market include Babcock & Wilcox Enterprises Inc., Bosch Industriekessel GmbH, Doosan Heavy Industries Vietnam Co., Harbin Electric Corporation Co. Ltd., Hurst Boiler & Welding Co, Inc., IHI Corporation, McKenna Boiler Works Inc., Mitsubishi Heavy Industry Ltd., Rakhoh Industries Pvt. Ltd., Sofinter S.p.a, Thermax, Byworth Boilers, ZHENGZHOU BOILER (GROUP) CO., LTD., General Electric, and Alfa Laval.

Market Developments

  • In August 2022, Thermax launched a multi-fuel boiler solution for industrial users who want to switch from a conventional portfolio to an eco-friendly one with input switching flexibility. Thermax Babcock & Wilcox Energy Solutions introduced the multi-waste solution, FlexiSource, which provides energy input flexibility. It overcomes the problem of fuel availability caused by geopolitical developments, other costs, and environmental factors. 
  • In July 2022, JERA Power Taketoyo G.K., launched the commercial operation of Unit 5 of the Taketoyo Thermal Power Plant at Aichi Prefecture, Japan. The company has been replacing aging equipment for several years. This highly efficient coal-fired power plant is equipped with Ultra-Supercritical (USC) power generation technology.

Key players have been profiled in the global industrial boiler market research report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Market Snapshot

Attribute

Detail

Market Size Value in 2022

US$ 12.2 Bn

Market Forecast Value in 2031

US$ 18.0 Bn

Growth Rate

(CAGR)

4.4%

Forecast Period

2023–2031

Historical Data Available for

2017–2021

Quantitative Units

US$ Mn for Value & Thousand Units for Volume

Market Analysis

Includes cross-segment analysis at the global as well as regional level. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market Share Analysis (%), 2022
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Product Type
    • Fire Tube Boilers
      • HRT Boiler
      • Scotch Boiler
      • Firebox Boiler
    • Water Tube Boilers
      • Stoker Fired Boiler
      • PC Fired Boiler
      • FBC Boiler
    • Electric Boilers
  • Fuel Type
    • Oil
    • Coal
    • Biomass
    • Natural gas
    • Others (MSW, TDF etc.)
  • Capacity
    • Upto 2,00,000
    • 2,00,000 to 3,00,000
    • Above 3,00,000
  • End-use Industry
    • Food and Beverage
    • Refining
    • Metal
    • Paper and Pulp
    • Cement
    • Textile
    • Energy & Power
    • Others (Pharmaceuticals, Mining, etc.)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • China
  • India
  • Japan
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • Babcock & Wilcox Enterprises Inc.
  • Bosch Industriekessel GmbH
  • Doosan Heavy Industries Vietnam Co.
  • Harbin Electric corporation co. ltd.
  • Hurst Boiler & Welding Co, Inc.
  • IHI Corporation
  • McKenna Boiler Works Inc.
  • Mitsubishi heavy industry ltd.
  • Rakhoh Industries Pvt. Ltd.
  • Sofinter S.p.a
  • Thermax
  • Byworth Boilers
  • ZHENGZHOU BOILER (GROUP) CO., LTD.
  • General Electric
  • Alfa Laval

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the industrial boiler market in 2022?

It was valued at US$ 12.2 Bn in 2022.

How is the industrial boiler industry expected to grow during the forecast period?

It is estimated to grow at a CAGR of 4.4% from 2023 to 2031.

How much worth will the industrial boiler business be in 2031?

It is expected to reach US$ 18.0 Bn by the end of 2031.

What are the prominent factors driving demand for industrial boilers?

Growing end-user industries, latest technology developments, and industry trends.

Which region is projected to record the highest demand for industrial boilers?

Europe is likely to record the maximum demand during the forecast period.

Who are the prominent industrial boiler manufacturers?

Babcock & Wilcox Enterprises Inc., Bosch Industriekessel GmbH, Doosan Heavy Industries Vietnam Co., Harbin Electric Corporation Co. Ltd., Hurst Boiler & Welding Co, Inc., IHI Corporation, McKenna Boiler Works Inc., Mitsubishi Heavy Industry Ltd., Rakhoh Industries Pvt. Ltd., Sofinter S.p.a . Thermax, Byworth Boilers, ZHENGZHOU BOILER (GROUP) CO., LTD., General Electric, and Alfa Laval.

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions

3. Research Methodology

4. Executive Summary

5. Market Overview

    5.1. Market Dynamics

        5.1.1. Drivers

        5.1.2. Restraints

        5.1.3. Opportunities

    5.2. Key Trends Analysis

        5.2.1. Demand Side Analysis

        5.2.2. Supply Side Analysis

    5.3. Key Market Indicators

        5.3.1. Overall Boiler Market Overview

    5.4. Key Factor Analysis

    5.5. Porter’s Five Forces Analysis

    5.6. Value Chain Analysis

    5.7. Industry SWOT Analysis

    5.8. COVID-19 Impact Analysis

    5.9. Global Industrial Boiler Market Analysis and Forecast, 2017 - 2031

        5.9.1. Market Value Projections (US$ Mn)

        5.9.2. Market Volume Projections (Thousand Units)

6. Global Industrial Boiler Market Analysis and Forecast, By Product Type

    6.1. Global Industrial Boiler Market Size (US$ Mn and Thousand Units), By Product Type, 2017 – 2031

        6.1.1. Fire tube Boiler

            6.1.1.1. HRT boiler

            6.1.1.2. Scotch boiler

            6.1.1.3. Firebox boiler

        6.1.2. Water tube Boiler

            6.1.2.1. Stoker fired boiler

            6.1.2.2. PC fired boiler

            6.1.2.3. FBC boiler

        6.1.3. Electric Boiler

    6.2. Incremental Opportunity, By product Type

7. Global Industrial Boiler Market Analysis and Forecast, By Fuel type

    7.1. Global industrial Boiler Market Size (US$ Mn and Thousand Units), By Fuel type, 2017 - 2031

        7.1.1. Oil

        7.1.2. Coal

        7.1.3. Biomass

        7.1.4. Natural gas

        7.1.5. Others

    7.2. Incremental Opportunity, By Fuel type

8. Global Industrial Boiler Market Analysis and Forecast, By Capacity (MMBtu/HR)

    8.1. Global Industrial Boiler Market Size (US$ Mn and Thousand Units), By Capacity, 2017 - 2031

        8.1.1. Upto 2,00,000

        8.1.2. 2,00,000 to 3,00,000

        8.1.3. Above 3,00,000

    8.2. Incremental Opportunity, By Capacity

9. Global Industrial Boiler Market Analysis and Forecast, By End-use Industry

    9.1. Global Industrial Boiler Market Size (US$ Mn and Thousand Units), By End-useIndustry, 2017 - 2031

        9.1.1. Food and Beverage

        9.1.2. Refining

        9.1.3. Metal

        9.1.4. Paper and Pulp

        9.1.5. Cement

        9.1.6. Textile

        9.1.7. Energy & Power

        9.1.8. Others

10. Global Industrial Boiler Market Analysis and Forecast, by Region

    10.1. Global Industrial Boiler Market Size (Value & Volume), by Region, 2017- 2031

        10.1.1. North America

        10.1.2. Europe

        10.1.3. Asia Pacific

        10.1.4. Middle East & Africa

        10.1.5. South America

    10.2. Incremental Opportunity, by Region

11. North America Industrial Boiler Market Analysis and Forecast

    11.1. Regional Snapshot

    11.2. Price Trend Analysis

        11.2.1. Weighted Average Selling Price (US$)

    11.3. Key Supplier Analysis

    11.4. North America Industrial Boiler Market Size (Value & Volume), by Product Type, 2017- 2031

        11.4.1. Fire tube Boiler

            11.4.1.1. HRT boiler

            11.4.1.2. Scotch boiler

            11.4.1.3. Firebox boiler

        11.4.2. Water tube Boiler

            11.4.2.1. Stoker fired boiler

            11.4.2.2. PC fired boiler

            11.4.2.3. FBC boiler

        11.4.3. Electric Boiler

    11.5. North America Industrial Boiler Market Size (Value & Volume), by Fuel Type, 2017- 2031

        11.5.1. Oil

        11.5.2. Coal

        11.5.3. Biomass

        11.5.4. Natural gas

        11.5.5. Others

    11.6. North America Industrial Boiler Market Size (Value & Volume), by Capacity, 2017- 2031

        11.6.1. Upto 2,00,000

        11.6.2. 2,00,000 to 3,00,000

        11.6.3. Above 3,00,000

    11.7. North America Industrial Boiler Market Size (Value & Volume), by End-use Industry, 2017- 2031

        11.7.1. Food and Beverage

        11.7.2. Refining

        11.7.3. Metal

        11.7.4. Paper and Pulp

        11.7.5. Cement

        11.7.6. Textile

        11.7.7. Energy & Power

        11.7.8. Others

    11.8. North America Industrial Boiler Market Size (US$ Mn) (Thousand Units), by Country/Sub-region, 2017- 2031

        11.8.1. U.S.

        11.8.2. Canada

        11.8.3. Rest of North America

    11.9. Incremental Opportunity Analysis

12. Europe Industrial Boiler Market Analysis and Forecast

    12.1. Regional Snapshot

    12.2. Price Trend Analysis

        12.2.1. Weighted Average Selling Price (US$)

    12.3. Key Supplier Analysis

    12.4. Europe Industrial Boiler Market Size (Value & Volume), by Product Type, 2017- 2031

        12.4.1. Fire tube Boiler

            12.4.1.1. HRT boiler

            12.4.1.2. Scotch boiler

            12.4.1.3. Firebox boiler

        12.4.2. Water tube Boiler

            12.4.2.1. Stoker fired boiler

            12.4.2.2. PC fired boiler

            12.4.2.3. FBC boiler

        12.4.3. Electric Boiler

    12.5. Europe Industrial Boiler Market Size (Value & Volume), by Fuel Type, 2017- 2031

            12.5.1.1. Oil

            12.5.1.2. Coal

            12.5.1.3. Biomass

            12.5.1.4. Natural gas

            12.5.1.5. Others

    12.6. Europe Industrial Boiler Market Size (Value & Volume), by Capacity, 2017- 2031

        12.6.1. Upto 2,00,000

        12.6.2. 2,00,000 to 3,00,000

        12.6.3. Above 3,00,000

    12.7. Europe Industrial Boiler Market Size (Value & Volume), by End-use Industry, 2017- 2031

        12.7.1. Food and Beverage

        12.7.2. Refining

        12.7.3. Metal

        12.7.4. Paper and Pulp

        12.7.5. Cement

        12.7.6. Textile

        12.7.7. Energy & Power

        12.7.8. Others

    12.8. Europe Industrial Boiler Market Size (US$ Mn) (Thousand Units), by Country/Sub-region, 2017- 2031

        12.8.1. Germany

        12.8.2. France

        12.8.3. U.K.

        12.8.4. Rest of Europe

    12.9. Incremental Opportunity Analysis

13. Asia Pacific Industrial Boiler Market Analysis and Forecast

    13.1. Regional Snapshot

    13.2. Price Trend Analysis

        13.2.1. Weighted Average Selling Price (US$)

    13.3. Key Supplier Analysis

    13.4. Asia Pacific Industrial Boiler Market Size (Value & Volume), by Product Type, 2017- 2031

        13.4.1. Fire tube Boiler

            13.4.1.1. HRT boiler

            13.4.1.2. Scotch boiler

            13.4.1.3. Firebox boiler

        13.4.2. Water tube Boiler

            13.4.2.1. Stoker fired boiler

            13.4.2.2. PC fired boiler

            13.4.2.3. FBC boiler

        13.4.3. Electric Boiler

    13.5. Asia Pacific Industrial Boiler Market Size (Value & Volume), by Fuel Type, 2017- 2031

            13.5.1.1. Oil

            13.5.1.2. Coal

            13.5.1.3. Biomass

            13.5.1.4. Natural gas

            13.5.1.5. Others

    13.6. Asia Pacific Industrial Boiler Market Size (Value & Volume), by Capacity, 2017- 2031

        13.6.1. Upto 2,00,000

        13.6.2. 2,00,000 to 3,00,000

        13.6.3. Above 3,00,000

    13.7. Asia Pacific Industrial Boiler Market Size (Value & Volume), by End-use Industry, 2017- 2031

        13.7.1. Food and Beverage

        13.7.2. Refining

        13.7.3. Metal

        13.7.4. Paper and Pulp

        13.7.5. Cement

        13.7.6. Textile

        13.7.7. Energy & Power

        13.7.8. Others

    13.8. Asia Pacific Industrial Boiler Market Size (US$ Mn) (Thousand Units), byCountry/Sub-region, 2017- 2031

        13.8.1. China

        13.8.2. Japan

        13.8.3. India

        13.8.4. Rest of Asia Pacific

    13.9. Incremental Opportunity Analysis

14. Middle East & Africa Industrial Boiler Market Analysis and Forecast

    14.1. Regional Snapshot

    14.2. Price Trend Analysis

        14.2.1. Weighted Average Selling Price (US$)

    14.3. Key Supplier Analysis

    14.4. Middle East & Africa Industrial Boiler Market Size (Value & Volume), by Product Type, 2017- 2031

        14.4.1. Fire tube Boiler

            14.4.1.1. HRT boiler

            14.4.1.2. Scotch boiler

            14.4.1.3. Firebox boiler

        14.4.2. Water tube Boiler

            14.4.2.1. Stoker fired boiler

            14.4.2.2. PC fired boiler

            14.4.2.3. FBC boiler

        14.4.3. Electric Boiler

    14.5. Middle East & Africa Industrial Boiler Market Size (Value & Volume), by Fuel Type, 2017- 2031

        14.5.1. Oil

        14.5.2. Coal

        14.5.3. Biomass

        14.5.4. Natural gas

        14.5.5. Others

    14.6. Middle East & Africa Industrial Boiler Market Size (Value & Volume), by Capacity, 2017- 2031

        14.6.1. Upto 2,00,000

        14.6.2. 2,00,000 to 3,00,000

        14.6.3. Above 3,00,000

    14.7. Middle East & Africa Industrial Boiler Market Size (Value & Volume), by End-useIndustry, 2017- 2031

        14.7.1. Food and Beverage

        14.7.2. Refining

        14.7.3. Metal

        14.7.4. Paper and Pulp

        14.7.5. Cement

        14.7.6. Textile

        14.7.7. Energy & Power

        14.7.8. Others

    14.8. Middle East & Africa Industrial Boiler Market Size (US$ Mn) (Thousand Units), by Country/Sub-region, 2017- 2031

        14.8.1. GCC

        14.8.2. South Africa

        14.8.3. Rest of Middle East & Africa

    14.9. Incremental Opportunity Analysis

15. South America Industrial Boiler Market Analysis and Forecast

    15.1. Regional Snapshot

    15.2. Price Trend Analysis

        15.2.1. Weighted Average Selling Price (US$)

    15.3. Key Supplier Analysis

    15.4. South America Industrial Boiler Market Size (Value & Volume), by Product Type, 2017- 2031

        15.4.1. Fire tube Boiler

        15.4.2. HRT boiler

        15.4.3. Scotch boiler

        15.4.4. Firebox boiler

        15.4.5. Water tube Boiler

        15.4.6. Stoker fired boiler

        15.4.7. PC fired boiler

        15.4.8. FBC boiler

        15.4.9. Electric Boiler

    15.5. South America Industrial Boiler Market Size (Value & Volume), by Fuel Type, 2017- 2031

        15.5.1. Oil

        15.5.2. Coal

        15.5.3. Biomass

        15.5.4. Natural gas

        15.5.5. Others

    15.6. South America Industrial Boiler Market Size (Value & Volume), by Capacity, 2017- 2031

        15.6.1. Upto 2,00,000

        15.6.2. 2,00,000 to 3,00,000

        15.6.3. Above 3,00,000

    15.7. South America Industrial Boiler Market Size (Value & Volume), by End-use Industry, 2017- 2031

        15.7.1. Food and Beverage

        15.7.2. Refining

        15.7.3. Metal

        15.7.4. Paper and Pulp

        15.7.5. Cement

        15.7.6. Textile

        15.7.7. Energy & Power

        15.7.8. Others

    15.8. South America Industrial Boiler Market Size (US$ Mn) (Thousand Units), by Country/Sub-region, 2017- 2031

        15.8.1. Brazil

        15.8.2. Rest of South America

    15.9. Incremental Opportunity Analysis

16. Competition Landscape

    16.1. Competition Dashboard

    16.2. Market Share Analysis % (2021)

    16.3. Company Profiles [Company Overview, Product Portfolio, Financial Information, (Subject to Data Availability), Business Strategies / Recent Developments]

        16.3.1. Babcock & Wilcox Enterprises Inc.

            16.3.1.1. Company Overview

            16.3.1.2. Product Portfolio

            16.3.1.3. Financial Information

            16.3.1.4. (Subject to Data Availability)

            16.3.1.5. Business Strategies / Recent Developments

        16.3.2. Bosch Industriekessel GmbH

            16.3.2.1. Company Overview

            16.3.2.2. Product Portfolio

            16.3.2.3. Financial Information

            16.3.2.4. (Subject to Data Availability)

            16.3.2.5. Business Strategies / Recent Developments

        16.3.3. Doosan Heavy Industries Vietnam Co.

            16.3.3.1. Company Overview

            16.3.3.2. Product Portfolio

            16.3.3.3. Financial Information

            16.3.3.4. (Subject to Data Availability)

            16.3.3.5. Business Strategies / Recent Developments

        16.3.4. Harbin Electric corporation co. ltd.

            16.3.4.1. Company Overview

            16.3.4.2. Product Portfolio

            16.3.4.3. Financial Information

            16.3.4.4. (Subject to Data Availability)

            16.3.4.5. Business Strategies / Recent Developments

        16.3.5. Hurst Boiler & Welding Co, Inc.

            16.3.5.1. Company Overview

            16.3.5.2. Product Portfolio

            16.3.5.3. Financial Information

            16.3.5.4. (Subject to Data Availability)

            16.3.5.5. Business Strategies / Recent Developments

        16.3.6. IHI Corporation

            16.3.6.1. Company Overview

            16.3.6.2. Product Portfolio

            16.3.6.3. Financial Information

            16.3.6.4. (Subject to Data Availability)

            16.3.6.5. Business Strategies / Recent Developments

        16.3.7. McKenna Boiler Works Inc.

            16.3.7.1. Company Overview

            16.3.7.2. Product Portfolio

            16.3.7.3. Financial Information

            16.3.7.4. (Subject to Data Availability)

            16.3.7.5. Business Strategies / Recent Developments

        16.3.8. Mitsubishi heavy industry ltd.

            16.3.8.1. Company Overview

            16.3.8.2. Product Portfolio

            16.3.8.3. Financial Information

            16.3.8.4. (Subject to Data Availability)

            16.3.8.5. Business Strategies / Recent Developments

        16.3.9. Rakhoh Industries Pvt. Ltd.

            16.3.9.1. Company Overview

            16.3.9.2. Product Portfolio

            16.3.9.3. Financial Information

            16.3.9.4. (Subject to Data Availability)

            16.3.9.5. Business Strategies / Recent Developments

        16.3.10. Sofinter S.p.a

            16.3.10.1. Company Overview

            16.3.10.2. Product Portfolio

            16.3.10.3. Financial Information

            16.3.10.4. (Subject to Data Availability)

            16.3.10.5. Business Strategies / Recent Developments

        16.3.11. Thermax

            16.3.11.1. Company Overview

            16.3.11.2. Product Portfolio

            16.3.11.3. Financial Information

            16.3.11.4. (Subject to Data Availability)

            16.3.11.5. Business Strategies / Recent Developments

        16.3.12. Byworth Boiler

            16.3.12.1. Company Overview

            16.3.12.2. Product Portfolio

            16.3.12.3. Financial Information

            16.3.12.4. (Subject to Data Availability)

            16.3.12.5. Business Strategies / Recent Developments

        16.3.13. ZHENGZHOU BOILER (GROUP) CO., LTD.

            16.3.13.1. Company Overview

            16.3.13.2. Product Portfolio

            16.3.13.3. Financial Information

            16.3.13.4. (Subject to Data Availability)

            16.3.13.5. Business Strategies / Recent Developments

        16.3.14. General Electric

            16.3.14.1. Company Overview

            16.3.14.2. Product Portfolio

            16.3.14.3. Financial Information

            16.3.14.4. (Subject to Data Availability)

            16.3.14.5. Business Strategies / Recent Developments

        16.3.15. ALFA LAVAL

            16.3.15.1. Company Overview

            16.3.15.2. Product Portfolio

            16.3.15.3. Financial Information

            16.3.15.4. (Subject to Data Availability)

            16.3.15.5. Business Strategies / Recent Developments

17. Key Takeaways

    17.1. Identification of Potential Market Spaces

        17.1.1. Product Type

        17.1.2. Fuel Type

        17.1.3. Capacity

        17.1.4. End-use Industry

        17.1.5. Region

List of Tables

Table 1: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Table 2: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Table 3: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Table 4: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Table 5: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Table 6: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Table 7: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Table 8: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Table 9: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Region

Table 10: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Region

Table 11: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Table 12: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Table 13: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Table 14: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Table 15: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Table 16: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Table 17: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Table 18: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Table 19: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

Table 20: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

Table 21: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Table 22: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Table 23: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Table 24: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Table 25: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Table 26: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Table 27: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Table 28: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Table 29: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

Table 30: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

Table 31: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Table 32: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Table 33: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Table 34: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Table 35: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Table 36: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Table 37: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Table 38: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Table 39: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

Table 40: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

Table 41: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Table 42: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Table 43: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Table 44: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Table 45: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Table 46: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Table 47: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Table 48: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Table 49: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

Table 50: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

Table 51: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Table 52: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Table 53: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Table 54: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Table 55: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Table 56: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Table 57: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Table 58: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Table 59: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

Table 60: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

 

List of Figures

Figure 1: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Figure 2: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Figure 3: Global Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

Figure 4: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Figure 5: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Figure 6: Global Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

Figure 7: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Figure 8: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Figure 9: Global Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

Figure 10: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Figure 11: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Figure 12: Global Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

Figure 13: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Region

Figure 14: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Region

Figure 15: Global Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Region

Figure 16: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Figure 17: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Figure 18: North America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

Figure 19: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Figure 20: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Figure 21: North America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

Figure 22: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Figure 23: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Figure 24: North America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

Figure 25: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Figure 26: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Figure 27: North America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

Figure 28: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

Figure 29: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

Figure 30: North America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Country

Figure 31: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Figure 32: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Figure 33: Europe Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

Figure 34: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Figure 35: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Figure 36: Europe Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

Figure 37: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Figure 38: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Figure 39: Europe Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

Figure 40: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Figure 41: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Figure 42: Europe Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

Figure 43: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

Figure 44: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

Figure 45: Europe Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Country

Figure 46: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Figure 47: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Figure 48: Asia Pacific Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

Figure 49: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Figure 50: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Figure 51: Asia Pacific Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

Figure 52: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Figure 53: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Figure 54: Asia Pacific Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

Figure 55: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Figure 56: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Figure 57: Asia Pacific Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

Figure 58: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

Figure 59: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

Figure 60: Asia Pacific Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Country

Figure 61: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Figure 62: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Figure 63: Middle East & Africa Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

Figure 64: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Figure 65: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Figure 66: Middle East & Africa Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

Figure 67: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Figure 68: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Figure 69: Middle East & Africa Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

Figure 70: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Figure 71: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Figure 72: Middle East & Africa Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

Figure 73: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

Figure 74: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

Figure 75: Middle East & Africa Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Country

Figure 76: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

Figure 77: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

Figure 78: South America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

Figure 79: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

Figure 80: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

Figure 81: South America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

Figure 82: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

Figure 83: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

Figure 84: South America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

Figure 85: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

Figure 86: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

Figure 87: South America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

Figure 88: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

Figure 89: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

Figure 90: South America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Country

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