Industrial Boilers Market

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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

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Report Code: CH 4817 Mar, 2020, by marketsandmarkets.com

[173 Pages Report] In 2020, the industrial boilers market is estimated at USD 14.6 billion and is projected to reach USD 19.3 billion by 2025, at a CAGR of 5.7% from 2020 to 2025. Rising demand for industrial boilers from the food & beverage industry and high demand for clean technology in the chemical end-use industry have been the major drivers for the growth of the industrial boilers market.

Industrial Boilers Market

Based on end-use industry, the chemical segment is projected to lead the market during the forecast period

The chemical segment was the largest end-use industry in the global industrial boilers market in 2019 and projected to continue the growth until 2025, owing to the increasing demand for high-quality steam for the production of chemicals such as petrochemicals, industrial gases, alkali and chlorine, synthetic rubber, synthetic organic fibers, and agricultural chemicals (fertilizers and pesticides). Emerging countries, such as India and China, are the most lucrative markets for energy consumption in the chemical industry, which is driving the growth of the industrial boilers market in the chemical segment.

Based on boiler horsepower, 10-150 BHP segment is projected to lead the industrial boilers market during the forecast period

The 10-150 BHP is projected to lead the boiler horsepower segment in the industrial boilers market in 2020. Industrial boilers ranging from 10 BHP to 150 BHP are small-sized boilers, which are installed across end-use industries for steam and hot water applications. They are majorly available in standard designs and require very low customizations in boilers.

Based on fuel type, the coal segment is projected to lead the industrial boilers market during the forecast period

Natural gas & biomass was the largest fuel type segment in the industrial boilers market, and it is estimated to lead the market during the forecast period as well. Natural gas-fired boilers are most widely used in western countries because of their easy availability and regulatory guidelines with respect to CO2 emissions. With increasingly stringent environmental regulations in developed countries, the natural gas & biomass segment is expected to grow at a rapid pace during the forecast period.

Industrial Boilers Market

Asia Pacific is expected to witness the highest growth in the industrial boilers market during the forecast period

The industrial boilers market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. Growth can be attributed to the high demand for industrial boilers in countries such as China, India, and Japan to meet the rising demand for heat energy across end-use industries. The region being the largest consumer in the chemical industry, offers high-growth opportunities for industrial boilers for providing high pressure and temperature steam. In addition, rapidly increasing population and urban lifestyle are increasing the consumption of processed and packaged food products, which is estimated to fuel the growth of the food segment in the Asia Pacific industrial boilers market.

Key Market Players

Babcock & Wilcox Enterprises, Inc. (US), Siemens AG (Germany), GE Power (US), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC Ltd.) (China), Bharat Heavy Electricals Limited (BHEL) (India), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), ANDRITZ AG (Austria), Thermax Limited (India), Robert Bosch GmbH (Germany), Sofinter Group (Italy), Cleaver-Brooks, Inc. (US), and Byworth Boilers Limited (UK), among others, are the major players in the industrial boilers market. These players have been focusing on strategies such as contracts, agreements, expansions, acquisitions, partnerships, and new product developments, which have helped them expand their businesses in untapped and potential markets. They have also been adopting various organic and inorganic growth strategies, such as contracts, new product developments, acquisitions, and expansions, to enhance their current positions in the industrial boilers market.

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Scope of the Report

Report Metric	Details
Market size available for years	2018�2025
Base year considered	2019
Forecast period	2020�2025
Forecast units	Value (USD billion)
Segments covered	Boiler Type, Fuel Type, Boiler Horsepower, End-use Industry, and Region
Regions covered	North America, Europe, Asia Pacific, South America, and Middle East & Africa
Companies covered	Babcock & Wilcox Enterprises, Inc. (US), Siemens AG (Germany), GE Power (US), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC Ltd.) (China), Bharat Heavy Electricals Limited (BHEL) (India), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), ANDRITZ AG (Austria), Thermax Limited (India), Robert Bosch GmbH (Germany), Sofinter Group (Italy), Cleaver-Brooks, Inc. (US), Byworth Boilers Limited (UK), and others Total 16 major players covered

On the basis of fuel type, the industrial boilers market is segmented as follows:

Natural Gas & Biomass
Coal
Oil
Others

On the basis of boiler type, the industrial boilers market is segmented as follows:

Fire-tube
Water-tube

On the basis of boiler horsepower, the industrial boilers market is segmented as follows:

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

On the basis of end-use industry, the industrial boilers market is segmented as follows:

Chemical
Food
Refineries
Metals & Mining
Others

On the basis of region, the industrial boilers market is segmented as follows:

North America
Europe
Asia Pacific
Middle East & Africa
South America

Key questions addressed by the report

What are the future revenue pockets in the industrial boilers market?
Which key developments are expected to have a long-term impact on the industrial boilers market?
How is the current regulatory framework expected to impact the market?
What will be the future product mix of the industrial boilers market?
What are the prime strategies of leaders in the industrial boilers market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Market Scope
           1.2.2 Years Considered for the Study
    1.3 Currency
    1.4 Stakeholders
    1.5 Limitations

2 Research Methodology (Page No. - 22)
    2.1 Market Definition and Scope
    2.2 Base Number Calculation
    2.3 Forecast Number Calculation
    2.4 Market Engineering Process
           2.4.1 Top-Down Approach
           2.4.2 Bottom-Up Approach
    2.5 Assumptions
    2.6 Research Data
           2.6.1 Secondary Data
                    2.6.1.1 Key Data From Secondary Sources
           2.6.2 Primary Data
                    2.6.2.1 Key Data From Primary Sources
                    2.6.2.2 Breakdown of Primary Interviews
                    2.6.2.3 Key Industry Insights

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in the Industrial Boilers Market
    4.2 Industrial Boilers Market, By Fuel Type & Boiler Type
    4.3 Industrial Boilers Market, By Country

5 Market Overview and Industry Trends (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Demand for Industrial Boilers From the Food & Beverage Industry
                    5.2.1.2 High Demand for Clean Technology in the Chemical End-Use Industry
                    5.2.1.3 Increasing Demand for Electricity
           5.2.2 Restraints
                    5.2.2.1 Significant Capital Investment and High Cost of Installation
           5.2.3 Opportunities
                    5.2.3.1 Aging Power Generation Infrastructure
                    5.2.3.2 Increasing Use of Natural Gas
                    5.2.3.3 Increasing Demand for Compact Designs and Lean Operations
           5.2.4 Challenges
                    5.2.4.1 Boiler Efficiency and Steam Quality
                    5.2.4.2 Strict Emission Standards
    5.3 Industrial Boilers Market: Trends
    5.4 Value Chain Analysis
    5.5 Porter�s Five Forces Analysis
           5.5.1 Bargaining Power of Buyers
           5.5.2 Bargaining Power of Suppliers
           5.5.3 Threat of New Entrants
           5.5.4 Threat of Substitutes
           5.5.5 Intensity of Competitive Rivalry
    5.6 Macroeconomic Indicators
           5.6.1 Chemical
           5.6.2 Energy & Power

6 Industrial Boilers Market, By Fuel Type (Page No. - 49)
    6.1 Introduction
    6.2 Natural Gas
           6.2.1 Natural Gas-Fired Industrial Boilers are A Major Substitute for Conventional Fuel
    6.3 Coal
           6.3.1 Asia Pacific is the Largest Market for Coal-Fired Industrial Boilers
    6.4 Oil
           6.4.1 High Availability of Crude Oil in Asia Pacific is Expected to Drive Growth of the Market
    6.5 Others
           6.5.1 High Demand for Industrial Boilers Fired With Propane, Butane, and Wood in Asia Pacific is Expected to Drive the Other Fuel Type Segment

7 Industrial Boilers Market, By Boiler Type (Page No. - 55)
    7.1 Introduction
    7.2 Fire-Tube
           7.2.1 Fire-Tube Boilers are Highly Preferred
    7.3 Water-Tube
           7.3.1 Asia Pacific is the Largest Market for Water-Tube Industrial Boilers

8 Industrial Boilers Market, By Boiler Horsepower (Page No. - 59)
    8.1 Introduction
    8.2 10-150 BHP
           8.2.1 Asia Pacific is the Largest Market for 10-150 BHP Industrial Boilers
    8.3 151-300 BHP
           8.3.1 Asia Pacific is Estimated to Register High Growth During the Forecast Period
    8.4 301-600 BHP
           8.4.1 Increasing Demand for High Pressure Steam Output is Driving the Growth of the Segment

9 Industrial Boilers Market, By End-Use Industry (Page No. - 63)
    9.1 Introduction
    9.2 Chemical
           9.2.1 High Demand for Bulk Chemicals in Emerging Countries is Driving the Growth of the Chemical Segment in the Market
    9.3 Food
           9.3.1 Increasing Demand for Packaged Food is Expected to Fuel the Growth of the Food Segment in the Industrial Boilers Market
    9.4 Refineries
           9.4.1 CFBC Industrial Boilers are Widely Being Adopted in Refineries
    9.5 Metals & Mining
           9.5.1 High Pressure and Temperature Requirements in the Steel Industry to Drive the Growth of the Metals & Mining Segment
    9.6 Others
           9.6.1 Asia Pacific is the Largest Market for Other End-Use Industries in the Industrial Boilers Market

10 Regional Analysis (Page No. - 70)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 By Country
             10.2.2 By Fuel Type
             10.2.3 By Boiler Type
             10.2.4 By Boiler Horsepower
             10.2.5 By End-Use Industry
             10.2.6 China
                        10.2.6.1 Rising Demand for Ammonia and Methanol in Chemical Applications Drives the Growth of the Industrial Boilers Market in China
             10.2.7 India
                        10.2.7.1 Increased Manufacturing Activities are Contributing to the Growth of the Industrial Boilers Market in India
             10.2.8 Japan
                        10.2.8.1 Growing Use of Boilers in the Chemical End-Use Industry to Drive the Growth of the Industrial Boilers Market in Japan
             10.2.9 South Korea
                        10.2.9.1 Increasing Presence of Chemical Manufacturers Expected to Drive the Growth of the Industrial Boilers Market in South Korea
             10.2.10 Malaysia
                        10.2.10.1 Rising Demand for Food Products is Expected to Drive the Industrial Boilers Market in Malaysia
             10.2.11 Australia
                        10.2.11.1 Growth of the Chemical Industry is Fueling the Demand for Industrial Boilers in Australia
             10.2.12 New Zealand
                        10.2.12.1 Growing Demand From the Chemical Industry Expected to Fuel the Industrial Boilers Market in New Zealand
             10.2.13 Rest of Asia Pacific
                        10.2.13.1 Growth in the Manufacturing Sector to Drive the Industrial Boilers Market in the Rest of Asia Pacific
     10.3 Europe
             10.3.1 By Country
             10.3.2 By Fuel Type
             10.3.3 By Boiler Type
             10.3.4 By Boiler Horsepower
             10.3.5 By End-Use Industry
             10.3.6 Germany
                        10.3.6.1 Presence of Leading Manufacturers of Industrial Boilers in Germany Driving the Growth of the Market
             10.3.7 UK
                        10.3.7.1 Discontinuation of Coal-Fired Industrial Boilers to Boost Demand for Natural Gas-Fired Industrial Boilers in the UK
             10.3.8 France
                        10.3.8.1 Rising Demand From the Chemical Industry Drives the Growth of the Industrial Boilers Market in France
             10.3.9 Russia
                        10.3.9.1 Growing Demand for Industrial Boilers in the Food End-Use Industry Expected to Drive the Market in Russia
             10.3.10 Italy
                        10.3.10.1 Growth of Food End-Use Industry is Expected to Drive the Industrial Boilers Market in Italy
             10.3.11 Belgium
                        10.3.11.1 Demand for Processed Food Products is Expected to Drive the Industrial Boilers Market in Belgium
             10.3.12 Spain
                        10.3.12.1 Growing Demand for Industrial Boilers for Processing Dairy and Meat Products to Fuel Food Segment in Spain
             10.3.13 Rest of Europe
                        10.3.13.1 Demand for Industrial Boilers From Chemical and Food Segments Drives the Market in Rest of Europe
     10.4 North America
             10.4.1 By Country
             10.4.2 By Fuel Type
             10.4.3 By Boiler Type
             10.4.4 By Boiler Horsepower
             10.4.5 By End-Use Industry
             10.4.6 Us
                        10.4.6.1 Increasing Chemical Production to Drive Chemical End-Use Industry in the US Industrial Boilers Market
             10.4.7 Canada
                        10.4.7.1 Significant Presence of Food Processing Companies to Drive the Growth of the Industrial Boilers Market in Canada
             10.4.8 Mexico
                        10.4.8.1 Rising Demand From the Chemical Segment Boosts the Growth of the Industrial Boilers Market in Mexico
     10.5 Middle East & Africa
             10.5.1 By Country
             10.5.2 By Fuel Type
             10.5.3 By Boiler Type
             10.5.4 By Boiler Horsepower
             10.5.5 By End-Use Industry
             10.5.6 Saudi Arabia
                        10.5.6.1 Rising Thermal Energy Consumption in the Chemical End-Use Industry is Expected to Drive the Market in Saudi Arabia
             10.5.7 Iran
                        10.5.7.1 Rise in the Demand for Chemicals and Petrochemicals Expected to Drive the Growth of the Chemical End-Use Industry in Iran
             10.5.8 UAE
                        10.5.8.1 Increasing Demand for Basic Chemicals, Polymers, and Fertilizers is Expected to Fuel the Growth of the Chemical Segment in the UAE
             10.5.9 South Africa
                        10.5.9.1 The Growth of the Manufacturing Sector is Expected to Drive the South Africa Industrial Boilers Market
             10.5.10 Rest of Middle East & Africa
                        10.5.10.1 Increasing Demand for Industrial Chemicals and Fertilizers is Driving the Growth of the Chemical Segment in the Industrial Boilers Market in the Rest of Middle East & Africa
     10.6 South America
             10.6.1 By Country
             10.6.2 By Fuel Type
             10.6.3 By Boiler Type
             10.6.4 By Boiler Horsepower
             10.6.5 By End-Use Industry
             10.6.6 Brazil
                        10.6.6.1 Need to Increase Chemical Output Drives the Market in Brazil
             10.6.7 Argentina
                        10.6.7.1 Demand From Food End-Use Industry to Drive the Growth of the Market in Argentina
             10.6.8 Colombia
                        10.6.8.1 Increasing Demand for Boilers for Industrial Activities to Drive the Growth of the Industrial Boilers Market in Colombia
             10.6.9 Peru
                        10.6.9.1 Growth in the Manufacturing Sector is Expected to Drive the Growth of the Market in Peru
             10.6.10 Rest of South America
                        10.6.10.1 Food End-Use Industry is Expected to Drive the Growth of the Market in the Rest of South America

11 Competitive Landscape (Page No. - 109)
     11.1 Introduction
     11.2 Competitive Leadership Mapping
             11.2.1 Visionary Leaders
             11.2.2 Innovators
             11.2.3 Dynamic Differentiators
             11.2.4 Emerging Companies
             11.2.5 Strength of Product Portfolio
             11.2.6 Business Strategy Excellence
     11.3 Market Share of Key Players in the Industrial Boilers Market

12 Company Profiles (Page No. - 114)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning imperatives, Current Focus and Strategies, Right to Win)*
     12.1 Babcock & Wilcox Enterprises, Inc.
     12.2 GE Power
     12.3 Siemens AG
     12.4 John Wood Group PLC
     12.5 Dongfang Electric Corporation Limited (Dec LTD.)
     12.6 Mitsubishi Hitachi Power Systems, LTD.
     12.7 Thermax Limited
     12.8 Sofinter Group
     12.9 Bharat Heavy Electricals Limited (BHEL)
     12.10 Harbin Electric Company Limited
     12.11 IHI Corporation
     12.12 Alfa Laval AB
     12.13 Andritz AG
     12.14 Robert Bosch GmbH
     12.15 Cleaver-Brooks, Inc.
     12.16 Byworth Boilers Limited
     12.17 Other Key Players
             12.17.1 AB&CO Group
             12.17.2 Bryan Steam LLC
             12.17.3 Cochran LTD
             12.17.4 Forbes Marshall Private Limited
             12.17.5 The Fulton Companies
             12.17.6 Vapor Power International, LLC
             12.17.7 Superior Boiler Works Inc.
             12.17.8 Hurst Boiler & Welding Company, Inc.
             12.17.9 Johnston Boiler Company
             12.17.10 Parker Boiler Company
             12.17.11 Rentech Boiler Systems, Inc.
             12.17.12 Suzhou Hailu Heavy Industry Co. LTD.

13 Appendix (Page No. - 164)
     13.1 Excerpts From Expert Interviews
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (77 Tables)

Table 1 Top 10 Natural Gas Producers in the World (2018)
Table 2 Global Air Pollutant Emission Limits
Table 3 Crude Oil Production, 2014�2018 (Metric Tons)
Table 4 Primary Energy Consumption, 2014�2018 (Million Tons Oil Equivalent)
Table 5 Industrial Boilers Market, By Fuel Type, 2018�2025 (USD Million)
Table 6 Natural Gas & Biomass-Fired Industrial Boilers Market Size, By Region, 2018�2025 (USD Million)
Table 7 Coal-Fired Industrial Boilers Market Size, By Region, 2018�2025 (USD Million)
Table 8 Oil Industrial Boilers Market Size, By Region, 2018�2025 (USD Million)
Table 9 Other Industrial Boilers Market Size, By Region, 2018�2025 (USD Million)
Table 10 Industrial Boilers Market, By Boiler Type, 2018�2025 (USD Million)
Table 11 Industrial Boilers Market Size for Fire-Tube, By Region, 2018�2025 (USD Million)
Table 12 Industrial Boilers Market Size for Water-Tube, By Region, 2018�2025 (USD Million)
Table 13 Industrial Boilers Market Size, By Boiler Horsepower, 2018�2025 (USD Million)
Table 14 Industrial Boilers Market Size for 10-150 BHP, By Region, 2018�2025 (USD Million)
Table 15 Industrial Boilers Market Size for 151-300 BHP, By Region, 2018�2025 (USD Million)
Table 16 Industrial Boilers Market Size for 301-600 BHP, By Region, 2018�2025 (USD Million)
Table 17 Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 18 Industrial Boilers Market Size for Chemical, By Region, 2018�2025 (USD Million)
Table 19 Industrial Boilers Market Size for Food, By Region, 2018�2025 (USD Million)
Table 20 Industrial Boilers Market Size for Refineries, By Region, 2018�2025 (USD Million)
Table 21 Industrial Boilers Market Size for Metals & Mining, By Region, 2018�2025 (USD Million)
Table 22 Industrial Boilers Market Size for Others, By Region, 2018�2025 (USD Million)
Table 23 Industrial Boilers Market Size, By Region, 2018�2025 (USD Million)
Table 24 Asia Pacific: Industrial Boilers Market Size, By Country, 2018�2025 (USD Million)
Table 25 Asia Pacific: Industrial Boilers Market Size, By Fuel Type, 2018�2025 (USD Million)
Table 26 Asia Pacific: Industrial Boilers Market Size, By Boiler Type, 2018�2025 (USD Million)
Table 27 Asia Pacific: Industrial Boilers Market Size, By Boiler Horsepower, 2018�2025 (USD Million)
Table 28 Asia Pacific: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 29 China: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 30 India: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 31 Japan: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 32 South Korea: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 33 Malaysia: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 34 Australia: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 35 New Zealand: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 36 Rest of Asia Pacific: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 37 Europe: Industrial Boilers Market Size, By Country, 2018�2025 (USD Million)
Table 38 Europe: Industrial Boilers Market Size, By Fuel Type, 2018�2025 (USD Million)
Table 39 Europe: Industrial Boilers Market Size, By Boiler Type, 2018�2025 (USD Million)
Table 40 Europe: Industrial Boilers Market Size, By Boiler Horsepower, 2018�2025 (USD Million)
Table 41 Europe: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 42 Germany: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 43 UK: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 44 France: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 45 Russia: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 46 Italy: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 47 Belgium: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 48 Spain: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 49 Rest of Europe: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 50 North America: Industrial Boilers Market Size, By Country, 2018�2025 (USD Million)
Table 51 North America: Industrial Boilers Market Size, By Fuel Type, 2018�2025 (USD Million)
Table 52 North America: Industrial Boilers Market Size, By Boiler Type, 2018�2025 (USD Million)
Table 53 North America: Industrial Boilers Market Size, By Boiler Horsepower, 2018�2025 (USD Million)
Table 54 North America: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 55 US: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 56 Canada: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 57 Mexico: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 58 Middle East & Africa: Industrial Boilers Market Size, By Country, 2018�2025 (USD Million)
Table 59 Middle East & Africa: Industrial Boilers Market Size, By Fuel Type, 2018�2025 (USD Million)
Table 60 Middle East & Africa: Industrial Boilers Market Size, By Boiler Type, 2018�2025 (USD Million)
Table 61 Middle East & Africa: Industrial Boilers Market Size, By Boiler Horsepower, 2018�2025 (USD Million)
Table 62 Middle East & Africa: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 63 Saudi Arabia: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 64 Iran: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 65 UAE: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 66 South Africa: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 67 Rest of Middle East & Africa: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 68 South America: Industrial Boilers Market Size, By Country, 2018�2025 (USD Million)
Table 69 South America: Industrial Boilers Market Size, By Fuel Type, 2018�2025 (USD Million)
Table 70 South America: Industrial Boilers Market Size, By Boiler Type, 2018�2025 (USD Million)
Table 71 South America: Industrial Boilers Market Size, By Boiler Horsepower, 2018�2025 (USD Million)
Table 72 South America: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 73 Brazil: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 74 Argentina: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 75 Colombia: Industrial Boilers Market Size, By End-Use Industry, 018�2025 (USD Million)
Table 76 Peru: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)
Table 77 Rest of South America: Industrial Boilers Market Size, By End-Use Industry, 2018�2025 (USD Million)

List of Figures (46 Figures)

Figure 1 Market Size Estimation: Top-Down Approach
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Natural Gas & Biomass Segment to Lead the Industrial Boilers Market From 2020 to 2025
Figure 4 Fire-Tube Segment is Expected to Lead the Industrial Boilers Market From 2020 to 2025
Figure 5 10-150 BHP Segment to Lead the Industrial Boilers Market From 2020 to 2025
Figure 6 Chemical Segment is Expected to Lead the Industrial Boilers Market From 2020 to 2025
Figure 7 Industrial Boilers Market in the Asia Pacific is Projected to Grow at the Highest CAGR During Forecast Period
Figure 8 Growth of the Chemical Segment is Projected to Drive the Industrial Boilers Market
Figure 9 Natural Gas & Biomass Segment Accounted for the Largest Share of the Industrial Boilers Market in 2019
Figure 10 Industrial Boilers Market in China is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Industrial Boilers Market Dynamics
Figure 12 Global Electricity Consumption, 2014�2018 (TWH)
Figure 13 Porter�s Five Forces Analysis
Figure 14 Chemical Production Growth Outlook (Excluding Pharmaceuticals), 2017-2018
Figure 15 Natural Gas & Biomass Segment Expected to Be the Dominant Fuel Type During the Forecast Period
Figure 16 Water-Tube Boiler Type Segment is Projected to Grow at the Higher During the Forecast Period
Figure 17 10-150 BHP Segment to Lead the Industrial Boilers Market During the Forecast Period
Figure 18 Chemical Segment to Lead the Industrial Boilers Market During the Forecast Period
Figure 19 Industrial Boilers Market in China is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Asia Pacific is Projected to Lead the Industrial Boilers Market During the Forecast Period
Figure 21 Asia Pacific Industrial Boilers Market Snapshot
Figure 22 Europe Industrial Boilers Market Snapshot
Figure 23 North America Industrial Boilers Market Snapshot
Figure 24 Middle East & Africa Industrial Boilers Market Snapshot
Figure 25 South America Industrial Boilers Market Snapshot
Figure 26 Industrial Boilers Market (Global) Competitive Leadership Mapping, 2019
Figure 27 Market Share of Key Players in Industrial Boilers Market, 2019
Figure 28 Babcock & Wilcox Enterprises, Inc.: Company Snapshot
Figure 29 Babcock & Wilcox Enterprises, Inc.: SWOT Analysis
Figure 30 GE Power: Company Snapshot
Figure 31 GE Power: SWOT Analysis
Figure 32 Siemens AG: Company Snapshot
Figure 33 John Wood Group PLC: Company Snapshot
Figure 34 John Wood Group PLC: SWOT Analysis
Figure 35 Dongfang Electric Corporation Limited: Company Snapshot
Figure 36 Dongfang Electric Corporation Limited: SWOT Analysis
Figure 37 Mitsubishi Hitachi Power Systems, LTD.: SWOT Analysis
Figure 38 Thermax Limited: Company Snapshot
Figure 39 Thermax Limited: SWOT Analysis
Figure 40 Sofinter Group: Company Snapshot
Figure 41 Bharat Heavy Electricals Limited: Company Snapshot
Figure 42 Harbin Electric Company Limited: Company Snapshot
Figure 43 IHI Corporation: Company Snapshot
Figure 44 Alfa Laval AB: Company Snapshot
Figure 45 Andritz AG: Company Snapshot
Figure 46 Robert Bosch GmbH: Company Snapshot

The study involved four major activities in estimating the current market size for industrial boilers. Exhaustive secondary research was carried out to collect information on the market, peer markets, and the parent market. The next step was to validate the findings obtained from secondary sources, assumptions, and sizing with industry experts across the value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, sources such as D&B Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to for identifying and collecting information for this study. Other secondary sources included annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, gold standard & silver standard websites, associations, regulatory bodies, trade directories, and databases.

Primary Research

The industrial boilers market comprises stakeholders such as manufacturers, suppliers, and distributors, and regulatory organizations in the supply chain. The demand side of this market is characterized by developments in end-use industries such as chemical, food, refineries, and metals & mining, among others. The supply side is characterized by market consolidation activities undertaken by industrial boiler manufacturers. Several primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Industrial Boilers Market

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

Market Size Estimation:

Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the industrial boilers market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:

Key players in the industry and markets were identified through extensive secondary research.
The industry�s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation:

After arriving at the overall market size�using the market size estimation process explained above�the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.

Report Objectives:

To define, describe, and forecast the size of the industrial boilers market based on boiler type, fuel type, boiler horsepower, end-use industry, and region
To estimate and forecast the size of the industrial boilers market in terms of value (USD million)
To forecast the size of various segments of the market based on five main regions-�Asia Pacific, North America, Europe, the Middle East & Africa, and South America, along with major countries in each region
To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the industrial boilers market across the globe
To identify and profile key market players and analyze their core competencies
To map competitive intelligence on the basis of company profiles, key strategies, and developments, such as contracts, agreements, acquisitions, new product launches, partnerships, and expansions in the markets

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

Regional Analysis

A further breakdown of the regional industrial boilers market to the country level by end-use industry

Country Information

Regional market split by major countries

Industrial Boilers Market

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

Based on end-use industry, the chemical segment is projected to lead the market during the forecast period

Based on boiler horsepower, 10-150 BHP segment is projected to lead the industrial boilers market during the forecast period

Based on fuel type, the coal segment is projected to lead the industrial boilers market during the forecast period

Asia Pacific is expected to witness the highest growth in the industrial boilers market during the forecast period

Key Market Players

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Scope of the Report

On the basis of fuel type, the industrial boilers market is segmented as follows:

On the basis of boiler type, the industrial boilers market is segmented as follows:

On the basis of boiler horsepower, the industrial boilers market is segmented as follows:

On the basis of end-use industry, the industrial boilers market is segmented as follows:

On the basis of region, the industrial boilers market is segmented as follows:

Key questions addressed by the report

Secondary Research

Primary Research

Market Size Estimation:

Data Triangulation:

Report Objectives:

Available Customizations:

Regional Analysis

Country Information

Company Information

Growth opportunities and latent adjacency in Industrial Boilers Market