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Industrial Boiler Market

Report Code CH 4817
Published in Apr, 2025, By MarketsandMarkets™
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Industrial Boiler Market by Fuel (Natural Gas, Coal, Oil), Boiler Type (Fire Tube, Water Tube), Function (Hot Water, Steam), Boiler Horsepower, End-use Industry (Chemical & Petrochemical, Food, Pulp & Paper) And Region - Global Forecast to 2030

Overview

The industrial boilers market is projected to reach USD 20.75 billion by 2030 from USD 17.22 billion in 2025, at a CAGR of 3.8%. Key growth drivers include rising industrialization, growing energy demand, and environmental regulations. The growing need for high-efficiency steam across various industries, such as chemicals, petrochemicals, power generation, and pulp & paper, is a major driving factor for this market. Asia Pacific and Europe are dominating this market with rapid industrialization and stricter environmental regulations. Countries like China, India, and South Korea are heavily investing in the manufacturing sector, which is increasing the demand for industrial boilers for various processes.

Industrial Boiler Market

Attractive Opportunities in the Industrial Boiler Market

Asia Pacific

The market growth in Asia Pacific can be attributed to expanding manufacturing sector.

Rising demand for electricity and power generation are driving the Asia Pacific industrial boilers market.

The growing demand from major end-use industries will drive the market.

The industrial boiler market in Asia Pacific is projected to reach USD 6.96 billion by 2030.

Increasing energy prices is a major challenge in this market.

Global Industrial Boiler Market Dynamics

DRIVER: Rising demand for electricity and power generation

The increasing global demand for electricity is one of the most significant drivers for the industrial boilers market, especially in industrialized countries and developing economies. With increased urbanization, population, and industrial activities, the demand for efficient and stable power generation has risen dramatically, which has resulted in increased utilization of industrial boilers in thermal power plants and in various other facilities.

In Asia Pacific and African developing countries, accelerated industrialization and growing infrastructure necessitate round-the-clock power supply, driving investment in coal-fired, gas-fired, and biomass power plants based on high-capacity boilers for the production of steam. China and India are experiencing tremendous growth in thermal and renewable power generation, leading to a high demand for low-emission, high-efficiency industrial boilers. In the developed world of Europe and North America, the emphasis is turning towards cleaner and greener energy alternatives, with increasing uptake of natural gas, hydrogen fuel-based, and waste heat recovery boilers to provide electricity needs while adhering to stringent environmental policies. The growth of combined heat and power (CHP) plants, where industrial boilers are used for simultaneous electricity and heat production, is also driving the market growth.

RESTRAINT: High initial investment and operating cost

The high capital expenditure and operating expenses of industrial boilers are among the primary factors that impede the growth of the industrial boilers market. The purchasing, installation, and commissioning of industrial boilers require significant capital expenditure, which poses a challenge for small to medium enterprises (SMEs) and low-resource industries. In addition to investment, operational expenditure also has significant importance. To maximize their efficiency, industrial boilers need an uninterrupted fuel supply and regular servicing and maintenance. Fuel prices tend to be everchanging, especially for natural gas and biomass, which influences operational expenses. Adhering to strict emission standards also contributes to the cost of doing business. Manufacturers have to spend on pollution control equipment, water treatment facilities, and monitoring devices to comply with government requirements, such as the EPA Boiler MACT standards in the US or the EU Industrial Emissions Directive (IED). Such added costs may deter some companies from modernizing or transitioning to newer boiler systems, thus hindering the market growth. While technology and government stimulus seek to cut cost barriers, the capital and operating costs remain a major restraint on the use of industrial boilers, especially in price-conscious markets.

 

OPPORTUNITY: Adoption of biomass boilers to achieve low carbon emission targets

Increasing global interest in lowering carbon emissions and pollution and achieving sustainability targets is creating a significant opportunity for the industrial sector’s uptake of biomass boilers. Biomass boilers, fueled with organic materials like wood pellets, farm wastes, and forestry residues, are gaining popularity as a green alternative to coal and oil-fired boilers. With governments and industries seeking to achieve net-zero objectives, carbon price mechanisms, and strict emission limits, demand for biomass boilers is on the rise. Many countries, especially in the European Union and North America, have established economic incentives, grants, and tax credits to encourage industries to move towards biomass-fueled heating systems. Measures such as the European Union's Renewable Energy Directive (RED II) and the US Renewable Heat Incentive (RHI) are supporting the utilization of biomass boilers to reduce the consumption of fossil fuels.

Meanwhile, advances in technology for biomass combustion, waste heat recovery, and automated fuel feeding systems are increasing efficiency and making biomass boilers a low-emission, affordable industrial solution. With industries increasingly looking into sustainable energy solutions and carbon reduction programs, the use of biomass boilers presents a lucrative market opportunity for expansion while allowing companies to meet their environmental commitments.

CHALLENGES: Increasing energy prices

The increasing energy price is a major issue for the industrial boiler industry, affecting the operating cost as well as the profitability of industries using boilers for steam and heat production. Volatility in fuel prices, such as natural gas, coal, and biomass, poses uncertainty for companies, which impacts long-term cost planning. As energy prices keep on changing as a result of geopolitical tensions, supply chain issues, and increased global demand, industries experience higher operating expenses, making industrial boilers less attractive.

Natural gas, one of the main fuels used in modern & advanced boilers, has experienced considerable price volatility in recent years as a result of geopolitical circumstances, wars, tension between countries, and supply shortages. Moreover, the increase in coal prices has been attributed to supply restrictions and rising carbon pricing regulations that discourage the consumption of fossil fuels. Even biomass fuel, regarded as an affordable substitute, witnessed price increases owing to logistical issues and increased demand for renewable fuel. Governments are also implementing stronger carbon taxes and pollution controls, applying additional fiscal stress on the sectors to opt for cleaner but invariably costlier fuels. To counter these challenges, many organizations are focusing on energy efficiency enhancement and superior combustion technologies.

Global Industrial Boiler Market Ecosystem Analysis

The industrial boilers market has a complex ecosystem, which include manufacturers, raw material suppliers, distributors, governments, and end-use industries. Prominent companies in this market include well-established, financially stable manufacturers of industrial boilers. These companies have been operating in the market for several years and possess diversified product portfolios and strong global sales and marketing networks.

Industrial Boiler Market
 

Nuclear & biomass fuel types to be fastest-growing segment in industrial boilers market during the forecast period

Both nuclear-fired and biomass boilers are viable alternatives to fossil fuel systems and make contributions to the generation of low-carbon energy globally. Biomass boilers, well-known for industrial steam production, renewable energy, and thermal power plant operations, employ wood pellets and crop residues as fuel. They attain low emissions in addition to fossil fuel replacement. However, issues of storage and fuel availability are present. They are more efficient with new combustion methods. Nuclear energy based on nuclear boilers relies on fission reactions to generate steam to power electric power plants. The initial investment associated with nuclear boilers is quite high. They also involve radioactive waste that poses significant environmental & health hazards. Both these technologies provide low pollution advantages to industrial and power generation processes, allowing the shift towards sustainable energy systems.

Power generation industry to be fastest-growing end user of industrial boilers during forecast period

The power generation sector is a vital industry that propels world economic development by providing electricity to industries, commercial complexes, and residential settlements. With the increasing demand for energy due to industrial growth, urbanization, and technological innovation, power plants are shifting towards efficient and sustainable ways of generating energy. The sector is based on different sources of energy, such as fossil fuels (coal, natural gas, oil), nuclear energy, and renewable energy (biomass, hydro, solar, and wind). Thermal power plants are among the most influential sources of electricity generation worldwide.

Industrial boilers are a crucial part of power generation, especially in thermal power plants, where they generate high-pressure steam to propel turbines for the generation of electricity. Boilers are employed in coal-fired, gas-fired, biomass, and waste-to-energy power plants, providing a constant steam supply for turbine operation. Supercritical and ultra-supercritical boilers have been engineered to enhance efficiency and minimize emissions as technology improves, making power plants more sustainable.

Asia Pacific to be fastest-growing market for industrial boilers during forecast period

Asia Pacific is the fastest-growing market for industrial boilers due to the increasing investment in power generation, new expansions of factories, and heightened energy consumption. Major growth is observed in China, India, Japan, and South Korea due to rapid urbanization, industrial expansion, and government policies that focus on energy conservation. Chemical plants, food factories, textile and apparel manufacturers, and pharmaceutical companies depend on industrial boilers for steam and process heating, which further fuels the market growth.

The demand for electricity is also driving the adoption of industrial boilers in power stations, and more gas and coal power plants and biomass energy plants are being added. Governments are implementing stricter control policies regarding emissions and pollution, therefore incentivizing industries to adopt high-efficiency, low-emission boilers. Such policies include the “Blue Sky Protection Plan” in China and the renewable energy push in India that seeks to promote cleaner boiler technology use.

HIGHEST CAGR MARKET IN 2025-2030
ASIA PACIFIC FASTEST GROWING MARKET IN THE REGION
Industrial Boiler Market

Recent Developments of Industrial Boiler Market

  • In March 2025, Wood launched a new office in Darwin to drive its expansion in the Northern Territory (NT), supporting a growing portfolio of onshore and offshore projects in maintenance, operations, and engineering.
  • In March 2025, Wood, a global leader in consulting and engineering, launched a specialized center in Abu Dhabi dedicated to technical, strategic, and economic energy transition solutions. This ‘energy transition hub’ will support clients across the Middle East, providing the advisory and technical expertise needed to drive energy diversification and achieve net-zero targets.
  • In February 2025, Cleaver-Brooks introduced myBoilerRoom, an advanced digital solution designed to optimize efficiency, enhance reliability, and drive cost savings for facilities. This technology allows users to strategically plan and design custom boiler room strategies tailored to achieve their operational goals.
  • In November 2023, Mitsubishi Heavy Industries Ltd. (MHI) and Orica signed a Memorandum of Understanding to explore collaboration opportunities for emission reduction initiatives, reflecting their shared commitment to decarbonization.

Key Market Players

KEY PLAYERS IN THE INDUSTRIAL BOILER MARKET INCLUDE

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Scope of the Report

Report Metric Details
Market size available for years 2021-2030
Base Year Considered 2024
Forecast period 2025-2030
Forecast units Value (USD Million)\Volume (Units)
Segments covered Fuel , Boiler Type,Boiler Horsepower, Function, End-use Industry and Region
Geographies covered North America, Europe, Asia Pacific, South America, and Middle East & Africa

Key Questions Addressed by the Report

What is the primary factor propelling the growth of the industrial boilers market?
The rising demand for electricity and power generation is the primary factor propelling the industrial boilers market.
How is the industrial boilers market segmented?
This report segments the industrial boilers market based on end-use industry, boiler type, fuel type, boiler horsepower, function type, and region.
What are the major challenges in the industrial boilers market?
Increasing energy prices is the major challenge in the market.
What are the major opportunities in the industrial boilers market?
Increasing demand for compact design & lean operations and adoption of biomass boilers are the major opportunities in the industrial boilers market.
Which region has the highest demand for industrial boilers?
The Asia Pacific region has the highest demand for industrial boilers.
Who are the major manufacturers of industrial boilers?
Major manufacturers in the industrial boilers market are Babcock & Wilcox Enterprises (US), Siemens (Germany), Wood (UK), Dongfang Electric Corporation Limited (DEC LTD.) (China), Robert Bosch GmbH (Bosch) (Germany), Mitsubishi Heavy Industries, Ltd. (MHI) (Japan), Thermax Limited (India), Sofinter (Italy), Bhel (India), and Cleaver-Brooks, Inc. (US).

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
27
RESEARCH METHODOLOGY
32
EXECUTIVE SUMMARY
42
PREMIUM INSIGHTS
47
MARKET OVERVIEW
51
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Government policies to increase requirement for industrial boilers
    - Rising demand for electricity
    - High demand from major end-use industries
    RESTRAINTS
    - High initial investment and operating cost
    OPPORTUNITIES
    - Adoption of biomass boilers to achieve low-carbon-emissions targets
    - Replacement of aging boilers and adoption of supercritical and ultra-supercritical boilers
    - Increasing demand for compact designs and lean operations
    CHALLENGES
    - Stringent regulations and emissions control
    - Increasing energy prices
  • 5.3 PATENT ANALYSIS
    METHODOLOGY
    PATENTS GRANTED WORLDWIDE, 2015–2024
    PATENT PUBLICATION TRENDS
    INSIGHTS
    LEGAL STATUS OF PATENTS
    JURISDICTION-WISE PATENT ANALYSIS
    TOP COMPANIES/APPLICANTS
    TOP 10 PATENT OWNERS IN LAST 10 YEARS
  • 5.4 ECOSYSTEM MAPPING
  • 5.5 VALUE CHAIN ANALYSIS
    RAW MATERIAL SUPPLIERS
    MANUFACTURERS
    DISTRIBUTORS
    END USERS
  • 5.6 TECHNOLOGY ANALYSIS
    LOW NOX BOILERS
    AI-INTEGRATED BOILERS
    LOW MASS BOILERS
    CARBON NEUTRAL BOILERS
    HYBRID BOILER SYSTEMS
  • 5.7 PRICING ANALYSIS
    AVERAGE SELLING PRICE BASED ON REGION
  • 5.8 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    THREAT OF NEW ENTRANTS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 TRADE ANALYSIS
    IMPORT-EXPORT SCENARIO OF INDUSTRIAL BOILERS MARKET
  • 5.10 MACROECONOMIC INDICATORS
    GLOBAL GDP TRENDS
  • 5.11 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.12 KEY CONFERENCES AND EVENTS, 2025
  • 5.13 IMPACT OF AI/GEN AI
  • 5.14 TARIFF AND REGULATIONS
    NORTH AMERICA
    EUROPE
    ASIA
  • 5.15 CASE STUDY ANALYSIS
    BYWORTH’S FELLSMAN HOT WATER BOILER FOR SHEFFIELD WEDNESDAY FOOTBALL CLUB
    THERMAX’S CPFD FOR GOVIND DAIRY PHALTAN
INDUSTRIAL BOILERS MARKET, BY FUEL TYPE
73
  • 6.1 INTRODUCTION
  • 6.2 NATURAL GAS
    LOW EMISSION OF NATURAL GAS TO DRIVE MARKET
  • 6.3 COAL
    ASIA PACIFIC TO DOMINATE COAL-FIRED INDUSTRIAL BOILERS MARKET
  • 6.4 OIL
    HIGH AVAILABILITY OF CRUDE OIL EXPECTED TO FUEL MARKET GROWTH
  • 6.5 OTHER FUEL TYPES
INDUSTRIAL BOILERS MARKET, BY BOILER TYPE
78
  • 7.1 INTRODUCTION
  • 7.2 FIRE-TUBE
    OFFERS ADVANTAGES SUCH AS COMPACT SIZE, EASE OF OPERATION, AND HIGH FUEL EFFICIENCY
  • 7.3 WATER-TUBE
    HIGH DEMAND IN POWER STATIONS TO DRIVE MARKET GROWTH
  • 7.4 OTHER BOILER TYPES
INDUSTRIAL BOILERS MARKET, BY FUNCTION
82
  • 8.1 INTRODUCTION
  • 8.2 HOT WATER
    HIGH-TEMPERATURE HOT WATER BOILERS IDEAL FOR LARGER SYSTEMS
  • 8.3 STEAM
    STEAM BOILERS PREFERRED IN TURBINE AND POWER INDUSTRIES
INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER
86
  • 9.1 INTRODUCTION
  • 9.2 10–150 BHP
    DEMAND IN SPACE AND ENERGY EFFICIENCY APPLICATIONS TO DRIVE MARKET
  • 9.3 151–300 BHP
    PRECISION PRESSURE AND TEMPERATURE REQUIREMENT ACROSS END-USE INDUSTRIES TO FUEL MARKET GROWTH
  • 9.4 301–600 BHP
    INCREASING DEMAND FOR HIGH-PRESSURE STEAM OUTPUT TO PROPEL SEGMENT GROWTH
  • 9.5 ABOVE 600 BHP
    GROWING APPLICATION IN MAJOR END-USE INDUSTRIES TO PROPEL GROWTH
INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY
90
  • 10.1 INTRODUCTION
  • 10.2 CHEMICALS & PETROCHEMICALS
    HIGH DEMAND FOR BULK CHEMICALS IN EMERGING COUNTRIES TO PROPEL SEGMENT GROWTH
  • 10.3 FOOD
    INCREASING DEMAND FOR PACKAGED FOODS TO FUEL SEGMENT GROWTH
  • 10.4 PULP & PAPER
    INCREASING CONSUMPTION OF PAPER & PACKAGING MATERIALS TO PROPEL MARKET
  • 10.5 METALS & MINING
    CONSTRUCTION AND INDUSTRIAL ACTIVITIES IN ASIA PACIFIC TO DRIVE MARKET
  • 10.6 POWER GENERATION
    POWER GENERATION SEGMENT TO WITNESS RAPID GROWTH DURING FORECAST PERIOD
  • 10.7 OTHER END-USE INDUSTRIES
REGIONAL ANALYSIS
96
  • 11.1 INTRODUCTION
  • 11.2 ASIA PACIFIC
    CHINA
    - Strong growth in chemical industry to propel market
    INDIA
    - Increased demand from chemical sector to drive market
    JAPAN
    - Increasing use of boilers in food & chemical industry to drive demand
    SOUTH KOREA
    - Shift toward LNG-based plants for achieving carbon neutrality to support market growth
    MALAYSIA
    - Rising demand for food products to propel market
    AUSTRALIA
    - Strong focus on reducing emission to propel market
    REST OF ASIA PACIFIC
    - Growth in manufacturing sector to drive industrial boilers market
  • 11.3 EUROPE
    GERMANY
    - Strong chemical industry to propel market growth
    UK
    - Discontinuation of coal-fired boilers to boost demand for natural gas-fired industrial boilers
    FRANCE
    - Rising demand from chemical industry driving market growth
    ITALY
    - Growth of food industry to propel demand for industrial boilers
    TURKEY
    - Demand for processed food products to drive industrial boilers market
    EASTERN EUROPE
    - Growing demand for industrial boilers in food industry to fuel market growth
    REST OF EUROPE
    - Demand from chemical and food sectors to drive market
  • 11.4 NORTH AMERICA
    US
    - Presence of strong chemical sector to drive market
    CANADA
    - Significant presence of food processing companies to drive market
    MEXICO
    - Rising demand from chemical sector to propel market
  • 11.5 MIDDLE EAST & AFRICA
    SAUDI ARABIA
    - Rising thermal energy consumption in chemical industry to fuel market growth
    UAE
    - Government policies and investment to fuel growth
    EGYPT
    - Growth of manufacturing sector to propel market
    REST OF MIDDLE EAST & AFRICA
    - Increasing demand for industrial chemicals and fertilizers to fuel market growth
  • 11.6 SOUTH AMERICA
    BRAZIL
    - Government policies to curb pollution to propel market
    ARGENTINA
    - Demand from food industry to boost market growth
    REST OF SOUTH AMERICA
    - High growth of end-use industries to drive demand
COMPETITIVE LANDSCAPE
175
  • 12.1 OVERVIEW
  • 12.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2023
  • 12.3 MARKET SHARE ANALYSIS
  • 12.4 REVENUE ANALYSIS, 2021–2023
  • 12.5 MARKET EVALUATION MATRIX
  • 12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
  • 12.7 COMPANY EVALUATION MATRIX: START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2023
    RESPONSIVE COMPANIES
    STARTING BLOCKS
    PROGRESSIVE COMPANIES
    DYNAMIC COMPANIES
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company end-use industry footprint
    - Company region footprint
  • 12.8 STRENGTH OF PRODUCT PORTFOLIO
  • 12.9 BUSINESS STRATEGY EXCELLENCE
  • 12.10 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    OTHER DEVELOPMENTS
COMPANY PROFILES
190
  • 13.1 MAJOR PLAYERS
    BABCOCK & WILCOX ENTERPRISES, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SIEMENS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    WOOD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    DONGFANG ELECTRIC CORPORATION LIMITED (DEC LTD.)
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ROBERT BOSCH GMBH
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    MITSUBISHI HEAVY INDUSTRIES LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    THERMAX LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SOFINTER S.P.A
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    BHARAT HEAVY ELECTRICALS LIMITED (BHEL)
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CLEAVER-BROOKS, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    BYWORTH BOILERS LTD.
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    ANDRITZ AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HARBIN ELECTRIC COMPANY LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    ALFA LAVAL AB
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IHI CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
  • 13.2 OTHER PLAYERS
    BRYAN STEAM, LLC
    COCHRAN LTD.
    FORBES MARSHAL PRIVATE LIMITED
    THE FULTON COMPANIES
    VAPOR POWER INTERNATIONAL, LLC
    SUPERIOR BOILER WORKS, INC.
    HURST BOILER & WELDING COMPANY, INC.
    JOHNSTON BOILER COMPANY
    PARKER BOILER COMPANY
    RENTECH BOILER SYSTEMS, INC.
APPENDIX
236
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 INDUSTRIAL BOILERS MARKET: DEFINITION
  • TABLE 2 INDUSTRIAL BOILERS MARKET: INCLUSIONS AND EXCLUSIONS
  • TABLE 3 TOTAL NUMBER OF PATENTS
  • TABLE 4 TOP 10 PATENT OWNERS
  • TABLE 5 INDUSTRIAL BOILERS MARKET: ROLE OF PLAYERS IN ECOSYSTEM
  • TABLE 6 INDUSTRIAL BOILERS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 7 IMPORT TRADE DATA FOR INDUSTRIAL BOILERS, BY COUNTRY, 2022–2024 (USD THOUSAND)
  • TABLE 8 EXPORT TRADE DATA FOR INDUSTRIAL BOILERS, BY COUNTRY, 2022–2024 (USD THOUSAND)
  • TABLE 9 TRENDS OF PER CAPITA GDP, BY COUNTRY, 2020–2023 (USD)
  • TABLE 10 GDP GROWTH ESTIMATES AND PROJECTIONS OF KEY COUNTRIES, 2024–2027(USD)
  • TABLE 11 INDUSTRIAL BOILERS MARKET: CONFERENCES AND EVENTS
  • TABLE 12 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (USD MILLION)
  • TABLE 13 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (USD MILLION)
  • TABLE 14 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (UNITS)
  • TABLE 15 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (UNITS)
  • TABLE 16 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (USD MILLION)
  • TABLE 17 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (USD MILLION)
  • TABLE 18 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (UNITS)
  • TABLE 19 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (UNITS)
  • TABLE 20 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 21 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 22 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (UNITS)
  • TABLE 23 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (UNITS)
  • TABLE 24 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (USD MILLION)
  • TABLE 25 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (USD MILLION)
  • TABLE 26 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (UNITS)
  • TABLE 27 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (UNITS)
  • TABLE 28 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 29 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 30 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)
  • TABLE 31 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)
  • TABLE 32 INDUSTRIAL BOILERS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 33 INDUSTRIAL BOILERS MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 34 INDUSTRIAL BOILERS MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 35 INDUSTRIAL BOILERS MARKET, BY REGION, 2025–2030 (UNITS)
  • TABLE 36 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 37 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 38 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2021–2024 (UNITS)
  • TABLE 39 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2025–2030 (UNITS)
  • TABLE 40 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (USD MILLION)
  • TABLE 41 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (USD MILLION)
  • TABLE 42 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (UNITS)
  • TABLE 43 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (UNITS)
  • TABLE 44 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (USD MILLION)
  • TABLE 45 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (USD MILLION)
  • TABLE 46 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (UNITS)
  • TABLE 47 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (UNITS)
  • TABLE 48 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 49 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 50 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (UNITS)
  • TABLE 51 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (UNITS)
  • TABLE 52 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (USD MILLION)
  • TABLE 53 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (USD MILLION)
  • TABLE 54 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (UNITS)
  • TABLE 55 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (UNITS)
  • TABLE 56 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 57 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 58 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)
  • TABLE 59 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)
  • TABLE 60 CHINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 61 CHINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 62 CHINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 63 CHINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 64 INDIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 65 INDIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 66 INDIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 67 INDIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 68 JAPAN: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 69 JAPAN: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 70 JAPAN: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 71 JAPAN: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 72 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 73 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 74 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 75 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 76 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 77 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 78 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 79 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 80 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 81 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 82 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 83 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 84 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 85 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 86 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 87 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 88 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 89 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 90 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2021–2024 (UNITS)
  • TABLE 91 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2025–2030 (UNITS)
  • TABLE 92 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (USD MILLION)
  • TABLE 93 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (USD MILLION)
  • TABLE 94 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (UNITS)
  • TABLE 95 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (UNITS)
  • TABLE 96 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (USD MILLION)
  • TABLE 97 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (USD MILLION)
  • TABLE 98 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (UNITS)
  • TABLE 99 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (UNITS)
  • TABLE 100 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 101 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 102 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (UNITS)
  • TABLE 103 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (UNITS)
  • TABLE 104 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (USD MILLION)
  • TABLE 105 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (USD MILLION)
  • TABLE 106 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (UNITS)
  • TABLE 107 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (UNITS)
  • TABLE 108 EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 109 EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 110 EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)
  • TABLE 111 EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)
  • TABLE 112 GERMANY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 113 GERMANY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 114 GERMANY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 115 GERMANY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 116 UK: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 117 UK: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 118 UK: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 119 UK: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 120 FRANCE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 121 FRANCE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 122 FRANCE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 123 FRANCE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 124 ITALY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 125 ITALY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 126 ITALY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 127 ITALY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 128 TURKEY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 129 TURKEY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 130 TURKEY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 131 TURKEY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 132 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 133 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 134 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 135 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 136 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 137 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 138 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 139 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY,2025–2030 (USD MILLION)
  • TABLE 140 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 141 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 142 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2021–2024 (UNITS)
  • TABLE 143 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2025–2030 (UNITS)
  • TABLE 144 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (USD MILLION)
  • TABLE 145 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (USD MILLION)
  • TABLE 146 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (UNITS)
  • TABLE 147 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (UNITS)
  • TABLE 148 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (USD MILLION)
  • TABLE 149 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (USD MILLION)
  • TABLE 150 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (UNITS)
  • TABLE 151 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (UNITS)
  • TABLE 152 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 153 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 154 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (UNITS)
  • TABLE 155 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (UNITS)
  • TABLE 156 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (USD MILLION)
  • TABLE 157 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (USD MILLION)
  • TABLE 158 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (UNITS)
  • TABLE 159 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (UNITS)
  • TABLE 160 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 161 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 162 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)
  • TABLE 163 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)
  • TABLE 164 US: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 165 US: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 166 US: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 167 US: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 168 CANADA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 169 CANADA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 170 CANADA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 171 CANADA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 172 MEXICO: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 173 MEXICO: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 174 MEXICO: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 175 MEXICO: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 176 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 177 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 178 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2021–2024 (UNITS)
  • TABLE 179 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2025–2030 (UNITS)
  • TABLE 180 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (USD MILLION)
  • TABLE 181 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (USD MILLION)
  • TABLE 182 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (UNITS)
  • TABLE 183 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (UNITS)
  • TABLE 184 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (USD MILLION)
  • TABLE 185 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (USD MILLION)
  • TABLE 186 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (UNITS)
  • TABLE 187 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (UNITS)
  • TABLE 188 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 189 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 190 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (UNITS)
  • TABLE 191 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (UNITS)
  • TABLE 192 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (USD MILLION)
  • TABLE 193 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (USD MILLION)
  • TABLE 194 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (UNITS)
  • TABLE 195 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (UNITS)
  • TABLE 196 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 197 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 198 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)
  • TABLE 199 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)
  • TABLE 200 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 201 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 202 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 203 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 204 UAE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 205 UAE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 206 UAE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 207 UAE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 208 EGYPT: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 209 EGYPT: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 210 EGYPT: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 211 EGYPT: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 212 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 213 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 214 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 215 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 216 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 217 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 218 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2021–2024 (UNITS)
  • TABLE 219 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2025–2030 (UNITS)
  • TABLE 220 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (USD MILLION)
  • TABLE 221 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (USD MILLION)
  • TABLE 222 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2021–2024 (UNITS)
  • TABLE 223 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2025–2030 (UNITS)
  • TABLE 224 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (USD MILLION)
  • TABLE 225 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (USD MILLION)
  • TABLE 226 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2021–2024 (UNITS)
  • TABLE 227 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2025–2030 (UNITS)
  • TABLE 228 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 229 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 230 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (UNITS)
  • TABLE 231 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (UNITS)
  • TABLE 232 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (USD MILLION)
  • TABLE 233 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (USD MILLION)
  • TABLE 234 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2021–2024 (UNITS)
  • TABLE 235 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2025–2030 (UNITS)
  • TABLE 236 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 237 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 238 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)
  • TABLE 239 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)
  • TABLE 240 BRAZIL: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 241 BRAZIL: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 242 BRAZIL: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 243 BRAZIL: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 244 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 245 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 246 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 247 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 248 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2021–2024 (USD MILLION)
  • TABLE 249 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2025–2030 (USD MILLION)
  • TABLE 250 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)
  • TABLE 251 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)
  • TABLE 252 INDUSTRIAL BOILERS MARKET: DEGREE OF COMPETITION
  • TABLE 253 INDUSTRIAL BOILERS MARKET: REVENUE ANALYSIS
  • TABLE 254 MARKET EVALUATION MATRIX
  • TABLE 255 PRODUCT LAUNCHES, 2018–2025
  • TABLE 256 DEALS, 2018—2025
  • TABLE 257 OTHER DEVELOPMENTS, 2018–2025
  • TABLE 258 BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY OVERVIEW
  • TABLE 259 BABCOCK & WILCOX ENTERPRISES, INC.: DEALS
  • TABLE 260 SIEMENS: COMPANY OVERVIEW
  • TABLE 261 SIEMENS: PRODUCT OFFERINGS
  • TABLE 262 SIEMENS: DEALS
  • TABLE 263 WOOD: COMPANY OVERVIEW
  • TABLE 264 WOOD: PRODUCT OFFERINGS
  • TABLE 265 WOOD: DEALS
  • TABLE 266 WOOD: EXPANSIONS
  • TABLE 267 DONGFANG ELECTRIC CORPORATION LIMITED (DEC LTD.): COMPANY OVERVIEW
  • TABLE 268 DONGFANG ELECTRIC CORPORATION LIMITED (DEC LTD.): PRODUCT OFFERINGS
  • TABLE 269 DONGFANG ELECTRIC CORPORATION LIMITED (DEC LTD.): DEALS
  • TABLE 270 ROBERT BOSCH GMBH: COMPANY OVERVIEW
  • TABLE 271 ROBERT BOSCH GMBH: PRODUCTS OFFERED
  • TABLE 272 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
  • TABLE 273 MITSUBISHI HEAVY INDUSTRIES LTD.: COMPANY OVERVIEW
  • TABLE 274 MITSUBISHI HEAVY INDUSTRIES LTD.: PRODUCT OFFERINGS
  • TABLE 275 MITSUBISHI HEAVY INDUSTRIES LTD.:PRODUCT LAUNCHES
  • TABLE 276 MITSUBISHI HEAVY INDUSTRIES LTD.: DEALS
  • TABLE 277 THERMAX LIMITED: COMPANY OVERVIEW
  • TABLE 278 THERMAX LIMITED: PRODUCT OFFERINGS
  • TABLE 279 THERMAX LIMITED: DEALS
  • TABLE 280 SOFINTER S.P.A: COMPANY OVERVIEW
  • TABLE 281 SOFINTER S.P.A: PRODUCT OFFERINGS
  • TABLE 282 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): COMPANY OVERVIEW
  • TABLE 283 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): PRODUCT OFFERINGS
  • TABLE 284 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): DEALS
  • TABLE 285 CLEAVER-BROOKS, INC.: COMPANY OVERVIEW
  • TABLE 286 CLEAVER-BROOKS, INC.: PRODUCTS OFFERED
  • TABLE 287 CLEAVER-BROOKS, INC.: PRODUCT LAUNCHES
  • TABLE 288 CLEAVER-BROOKS, INC.: DEALS
  • TABLE 289 BYWORTH BOILERS LTD.: COMPANY OVERVIEW
  • TABLE 290 BYWORTH BOILERS LTD.: PRODUCTS OFFERED
  • TABLE 291 ANDRITZ AG: COMPANY OVERVIEW
  • TABLE 292 ANDRITZ AG: PRODUCT OFFERINGS
  • TABLE 294 ANDRITZ AG: EXPANSIONS
  • TABLE 295 HARBIN ELECTRIC COMPANY LIMITED: COMPANY OVERVIEW
  • TABLE 296 HARBIN ELECTRIC COMPANY LIMITED: PRODUCT OFFERINGS
  • TABLE 297 ALFA LAVAL AB: COMPANY OVERVIEW
  • TABLE 298 ALFA LAVAL AB: PRODUCT OFFERINGS
  • TABLE 299 ALFA LAVAL AB: PRODUCT LAUNCHES
  • TABLE 300 IHI CORPORATION: COMPANY OVERVIEW
  • TABLE 301 IHI CORPORATION: PRODUCT OFFERINGS
  • TABLE 303 IHI CORPORATION: OTHER DEVELOPMENTS
LIST OF FIGURES
 
  • FIGURE 1 INDUSTRIAL BOILERS: MARKET SEGMENTATION
  • FIGURE 2 INDUSTRIAL BOILERS MARKET: RESEARCH DESIGN
  • FIGURE 3 MARKET SIZE ESTIMATION APPROACH
  • FIGURE 4 BOTTOM-UP APPROACH
  • FIGURE 5 TOP-DOWN APPROACH
  • FIGURE 6 INDUSTRIAL BOILERS MARKET: DATA TRIANGULATION
  • FIGURE 7 INDUSTRIAL BOILERS MARKET: FACTOR ANALYSIS
  • FIGURE 8 NATURAL GAS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL BOILERS MARKET DURING FORECAST PERIOD
  • FIGURE 9 FIRE-TUBE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL BOILERS MARKET DURING FORECAST PERIOD
  • FIGURE 10 STEAM BOILERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 11 10–150 BHP SEGMENT TO LEAD OVERALL MARKET DURING FORECAST PERIOD
  • FIGURE 12 CHEMICALS & PETROCHEMICALS TO BE LARGEST END USER OF INDUSTRIAL BOILERS DURING FORECAST PERIOD
  • FIGURE 13 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE
  • FIGURE 14 ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 15 STEAM BOILERS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 16 FIRE-TUBE BOILERS TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 17 NATURAL GAS TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 18 ABOVE 600 BHP TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
  • FIGURE 19 POWER GENERATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 20 CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN 2024
  • FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL BOILERS MARKET
  • FIGURE 22 TOTAL NUMBER OF PATENTS
  • FIGURE 23 TOTAL NUMBER OF PATENTS IN LAST 10 YEARS
  • FIGURE 24 PATENT ANALYSIS, BY LEGAL STATUS
  • FIGURE 25 TOP JURISDICTIONS FOR INDUSTRIAL BOILER PATENTS
  • FIGURE 26 TOP 10 COMPANIES/APPLICANTS WITH THE HIGHEST NUMBER OF PATENTS
  • FIGURE 27 INDUSTRIAL BOILERS MARKET: ECOSYSTEM MAPPING
  • FIGURE 28 VALUE CHAIN ANALYSIS
  • FIGURE 29 INDUSTRIAL BOILER PRICES IN DIFFERENT REGIONS, 2024–2030
  • FIGURE 30 INDUSTRIAL BOILERS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 31 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • FIGURE 32 NATURAL GAS SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 33 FIRE-TUBE BOILERS SEGMENT PROJECTED TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 34 STEAM BOILERS TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 35 10–150 BHP SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD
  • FIGURE 36 CHEMICALS & PETROCHEMICALS SEGMENT PROJECTED TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 37 INDUSTRIAL BOILERS MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 38 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET SNAPSHOT
  • FIGURE 39 EUROPE: INDUSTRIAL BOILERS MARKET SNAPSHOT
  • FIGURE 40 COMPANIES ADOPTED ACQUISITIONS AND EXPANSIONS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2025
  • FIGURE 41 RANKING OF TOP FIVE PLAYERS IN INDUSTRIAL BOILERS MARKET, 2023
  • FIGURE 42 INDUSTRIAL BOILERS MARKET SHARE, BY COMPANY, 2023
  • FIGURE 43 INDUSTRIAL BOILERS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 44 INDUSTRIAL BOILERS MARKET: COMPANY EVALUATION MATRIX (START-UPS & SMES), 2023
  • FIGURE 45 STRENGTH OF PRODUCT PORTFOLIO
  • FIGURE 46 BUSINESS STRATEGY EXCELLENCE
  • FIGURE 47 BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY SNAPSHOT
  • FIGURE 48 SIEMENS: COMPANY SNAPSHOT
  • FIGURE 49 WOOD: COMPANY SNAPSHOT
  • FIGURE 50 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
  • FIGURE 51 THERMAX LIMITED: COMPANY SNAPSHOT
  • FIGURE 52 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): COMPANY SNAPSHOT
  • FIGURE 53 ANDRITZ AG: COMPANY SNAPSHOT
  • FIGURE 54 ALFA LAVAL AB: COMPANY SNAPSHOT
  • FIGURE 55 IHI CORPORATION: COMPANY SNAPSHOT

The study involved four major activities for estimating the current size of the global industrial boiler market. Exhaustive secondary research was conducted to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of industrial boiler through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the industrial boiler market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred, to identify and collect information for this study on the industrial boiler market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies, trade directories, and databases.

Primary Research

The industrial boiler market comprises several stakeholders in the supply chain, which include raw material suppliers, equipment suppliers, distributors, end-product manufacturers, buyers, and regulatory organizations. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the industrial boiler market. Primary sources from the supply side include associations and institutions involved in the industrial boiler market, key opinion leaders, and processing players.

Following is the breakdown of primary respondents:

Industrial Boiler Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up and top-down approaches have been used to estimate the industrial boiler market by boiler type, fuel type, function, boiler horsepower and region. The research methodology used to calculate the market size includes the following steps:

  • The key players in the industry and markets were identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included studying reports, reviews, and newsletters of top market players and extensive interviews with leaders such as directors and marketing executives to obtain opinions.

The following figure illustrates the overall market size estimation process employed for this study.

Industrial Boiler Market

Data Triangulation

After arriving at the overall size of the industrial boiler market from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

An industrial boiler is a closed vessel where water is heated to produce steam at a desired pressure and temperature. Combustion of fuels such as oil, gas, and coal generate thermal energy that is transferred to the water in the vessel. This helps increase pressure and convert the liquid into steam. Industrial boilers heat water and generate steam for humidification and industrial heating applications. Industrial boilers can generate a greater amount of heat than boilers used in commercial or residential settings.

Stakeholders

  • Industrial Boiler Manufacturers
  • Raw Material Suppliers
  • Equipment suppliers
  • Regulatory Bodies and Government Agencies
  • Distributors and Suppliers
  • End-Use Industries
  • Associations and Industrial Bodies
  • Market Research and Consulting Firms

Report Objectives

  • To define, describe, and forecast the size of the industrial boilers market in terms of value and volume.
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).
  • To forecast the market size based on boiler type, fuel type, function type, boiler horse power, end-use industry and region.
  • To forecast the market size for the five main regions—North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa (MEA),—along with their key countries.
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the market leaders.
  • To strategically profile leading players and comprehensively analyze their key developments such as new product launches, expansions, and deals in the industrial boiler market.
  • To strategically profile key players and comprehensively analyze their market shares and core competencies.
  • To study the impact of AI/Gen AI on the market under study, along with the macroeconomic outlook.

Previous Versions of this Report

Industrial Boilers Market by Fuel Type (Natural Gas, Coal, Oil, Others), Boiler Type (Fire-Tube, Water-Tube), Boiler Horsepower (10-150 Bhp, 151-300 Bhp, 301-600 Bhp), Function (Hot Water Boilers, Steam Boilers), End-Use Industry (Chemical, Food, Refineries, Metals & Mining, Others), and Region - Global Forecast to 2030

Report Code CH 4817
Published in Jan, 2023, By MarketsandMarkets™

Industrial Boilers Market by Fuel Type (Natural Gas & Biomass, Oil, Coal), Boiler Type (Fire-Tube, Water-Tube), Boiler Horsepower, End-Use Industry (Chemical, Food, Refineries, Metals & Mining), and Region - Global Forecast to 2025

Report Code CH 4817
Published in Mar, 2020, By MarketsandMarkets™

Industrial Boilers Market by Type (Fire-tube, Water-tube), Fuel Type (Natural Gas & Biomass, Oil, Coal), End-Use Industry (Chemical, Food, Refineries, Metals & Mining), Boiler Horsepower, and Region - Global Forecast to 2023

Report Code CH 4817
Published in Jun, 2018, By MarketsandMarkets™

Industrial Boilers Market by Type (Fire-tube, Water-tube), Fuel Type (Natural Gas & Biomass, Oil, Coal), End-Use Industry (Chemical, Food, Refineries, Metals & Mining), Boiler Horsepower, and Region - Global Forecast to 2023

Report Code CH 4817
Published in Dec, 2016, By MarketsandMarkets™
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