Global Industrial Boilers Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Fire Tube, Water Tube), Application (Refineries, Primary Metal, Chemical, Food), Product (301BHP-600BHP, 151BHP-300BHP, 10BHP-150BHP), Fuel Type (Gas, Coal) And Region (North America, Latin America, Asia Pacific, Europe, Middle East and Africa) - Industry Analysis From 2024 to 2029

Updated On: June, 2024
ID: 7786
Pages: 175

Global Industrial Boilers Market Size (2024 to 2029)

The global industrial boilers market size is expected to reach USD 14.65 billion in 2024 and reach USD 20.43 billion by 2029, growing at a CAGR of 6.87%, from 2024 to 2029. 

The development of ultra-mega power projects in emerging economies will drive the growth prospects

Regulations imposed by the foremost environmental regulatory bodies encourage numerous industries to check their emissions. As a result, companies are implementing measures to generate energy while decreasing emissions. Measures towards strength optimization coupled with increasing adoption of energy-efficient heating systems will propel the Industrial boilers market. In November 2015, the European Union introduced Directive (European) 2015/2193 with an intention to reduce emissions from combustion devices.

Market Drivers

The development of ultra-mega power projects in emerging economies will drive the growth prospects for the global commercial boiler marketplace over the next few years. The use of new materials in biomass beds now not only increases the performance of the waste but also reduces the value of biomass boilers. Also, the distribution of oxygen in the boiler will enhance the performance and uniformity of combustion.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

16.73%

Segments Covered

By Type, Application, Product, Fuel, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Babcock & Wilcox Enterprises, Inc. (U.S.), Dongfang Electric Corporation Ltd. (China), Siemens AG (Germany), General Electric (U.S.), AC Boilers S.p.a. (Europe), Bharat Heavy Electricals Limited (India), Harbin Electric Group (China), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Thermax Limited (India) and Others.

 

REGIONAL ANALYSIS

North America leads the Industrial Boilers market due to the presence of a large number of companies in the industry and increasing investments from the government. Asia Pacific is the fastest-growing market segment due to the growing petrochemical industries and increasing collaborations with Western companies in countries such as India and China.

KEY MARKET PLAYERS

Babcock & Wilcox Enterprises, Inc. (U.S.), Dongfang Electric Corporation Ltd. (China), Siemens AG (Germany), General Electric (U.S.), AC Boilers S.p.a. (Europe), Bharat Heavy Electricals Limited (India), Harbin Electric Group (China), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Thermax Limited (India). Some of the market players dominate the global Industrial boilers market.

DETAILED SEGMENTATION OF THE GLOBAL INDUSTRIAL BOILERS MARKET INCLUDED IN THIS REPORT

This research report on the global industrial boilers market is segmented and sub-segmented into the following categories.

By Type

  • Fire Tube
  • Water Tube

By Application

  • Refineries
  • Primary Metal
  • Chemical
  • Food

By Product

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

By Fuel

  • Gas
  • Coal
  • Oil

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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