Industrial Boiler Market: Introduction

  • An industrial boiler is a steam or hot water boiler which can be operated with fuel such as natural gas, biomass, oil, or coal.  Industrial boilers heat or evaporate the water which is inside and transfers it to consumers through pipe systems.
  • Industrial boilers are used in a wide range of industries such as textiles, and food & beverages due to its easy operation, compact design, and higher efficiency. This is expected to drive the growth of the industrial boiler market across the world.
  • Rapid industrialization together with ongoing investments in developed and developing countries globally for the expansion of thermal power and rising demand of electricity are major factors expected to drive the growth of the industrial boiler market over the forecast period.
industrial boiler market

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Global Industrial Boiler Market: Dynamics

Global Industrial Boiler Market: Key Drivers and Restraints

  • Growth of the food & beverages industry in developed and developing economies is expected to drive the industrial boiler market. In addition, increasing production capabilities and new plant installations in the food & beverages industry is expected to enhance the demand for industrial boilers.
  • Furthermore, growing demand for energy efficient boiler systems is expected to boost the industrial boiler market.  
  • Increasing demand for industrial boilers in industries such as chemicals, textiles, pulp & paper, and metal & mining also impacts the demand for industrial boilers for process and power generation applications.
  • Increasing demand for biomass boilers is expected to fuel the industrial boiler market.
  • Moreover, rising demand for industrial boilers due to ultra-mega power projects in developing economies is expected to fuel growth of the market over the forecast period.

High Installation Cost Hindering the Market

  • Cost of industrial boilers largely differs due to its design parameters. In addition, the cost associated with installation is a negative factor that can hamper the growth of the industrial boiler market.
industrial boiler market 1

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Europe to Account for Major Share of the Global Industrial Boiler Market

  • In terms of region, the global industrial boiler market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • Europe is anticipated to hold the largest share of the global industrial boiler market due to the adoption of industrial boilers in the food and beverages industry. European governments have brought forth a law pertaining to emission limit values (ELVs) to decrease the levels of harmful gases such as sulfur dioxide (SO2), and nitrogen oxide (NOX) from all combustion plants. This in turn is expected to accelerate the growth of the industrial boiler market.
  • The industrial boiler market in North America is anticipated to expand at a rapid pace over the forecast period due to rising adoption of industrial boilers in petrochemicals & power plant industry, which is expected to enhance the growth of the industrial boiler market in the region.
  • The industrial boiler market in Asia Pacific is expected to grow due to rising industrialization along with growth of the food & beverages industry.  

Global Industrial Boiler Market: Competitive Landscape

Key Players Operating in the Global Industrial Boiler Market

Few local, regional, and international players are found in the industrial boiler market. Manufacturers of industrial boilers are designing industrial boiler systems that can support multi-fuel operations in various industries. The global industrial boiler market is highly consolidated, with top manufacturers accounting for approximately 25%–30% of the market share. Key players operating in the global industrial boiler market are:

  • AIT Group
  • Babcock & Wilcox Enterprises, Inc.
  • Babcock Wanson
  • Byworth Boilers
  • Garioni Naval
  • General Electric
  • Hurst Boiler & Welding Co, Inc.
  • Mitsubishi Heavy Industries, Ltd.
  • Robert Bosch GmbH
  • The IBL Group
  • Thermax Global
  • WIKA Instruments India Pvt. Ltd.
industrial boiler market 2

Global Industrial Boiler Market: Research Scope

Global Industrial Boiler Market Segmentation, by Type

  • Fire-tube boiler
  • Water-tube

Global Industrial Boiler Market Segmentation, by Application

  • Industrial
  • Commercial
  • Residential

Global Industrial Boiler Market Segmentation, by Fuel Type

  • Biomass
  • Coal
  • Natural gas
  • Oil
  • Other

Global Industrial Boiler Market Segmentation, by Horse Power

  • 10-150 HP
  • 151-300 HP
  • 301-600 HP

Global Industrial Boiler Market Segmentation, by Boiler Type

  • Multi-tube boilers
  • Cylindrical fire-tube boiler
  • Haycock and wagon top boilers

Global Industrial Boiler Market Segmentation, by Industry

  • Chemical
  • Dyeing industry
  • Food & beverage
  • Hospitals
  • Laundries and cleaning firms
  • Metal & Mining
  • Oil & Gas
  • Others (Ceramic industry, Distilleries, etc.)
  • Paper industry
  • Refineries
  • Textile

Global Industrial Boiler Market Segmentation, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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  • A complete backdrop analysis, which includes an assessment of the parent market
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Industrial Boiler Market

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