The global Industrial Boiler Market Comprehensive Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Fuel (Natural gas, Oil, Coal, Others), By Function (Steam, Hot Water), By Boiler Type (Fire-Tube, Water-Tube, Others), By Boiler Horsepower (10 to 150 BHP, 150 to 300 BHP, 300 to 600 BHP, Above 600 BHP), By End-User (Chemicals & Petrochemicals, Metal & mining, Food, Paper & pulp, Power generation, Others)
In 2024, the industrial boiler market is expanding, driven by the increasing demand for energy-efficient and high-performance heating solutions across various industries. Industrial boilers, used for generating steam and hot water, are essential in sectors such as manufacturing, food processing, chemical production, and power generation. The market benefits from the rising focus on reducing greenhouse gas emissions and improving energy efficiency, which has led to the adoption of advanced boiler technologies such as condensing and biomass boilers. Innovations in boiler design, including automation, IoT integration, and enhanced safety features, have improved operational efficiency and reliability. Additionally, stringent environmental regulations and the shift towards renewable energy sources support market growth. As industries continue to seek sustainable and efficient heating solutions, the market for industrial boilers is set to grow robustly.
The market report analyses the leading companies in the industry including Alfa Laval AB, Andritz AG, Babcock & Wilcox Enterprises INC, Bharat Heavy Electricals Ltd (BHEL), Byworth Boilers Ltd, Cleaver Brooks Inc, Dongfang Electric Corp Ltd (DEC LTD), Harbin Electric Company Ltd, IHI Corp, John Wood Group PLC, Mitsubishi Power, Robert Bosch GMBH, Siemens AG, Sofinter Group, Thermax Ltd, and Others.
A prominent trend in the industrial boiler market is the increasing adoption of energy-efficient and environmentally friendly boiler systems. With growing concerns about climate change and sustainability, industries are seeking to reduce their carbon footprint and operating costs by transitioning to boilers that offer higher energy efficiency and lower emissions. This trend is driven by factors such as stringent environmental regulations, rising energy prices, and corporate sustainability initiatives. As industries prioritize energy conservation and environmental stewardship, there's a growing demand for industrial boilers equipped with advanced technologies such as condensing heat exchangers, low NOx burners, and integrated control systems that optimize fuel consumption and minimize greenhouse gas emissions. Additionally, the development of alternative fuel options such as biomass, hydrogen, and renewable energy sources presents opportunities for industries to further reduce their reliance on fossil fuels and transition to cleaner and more sustainable boiler solutions. As the focus on energy efficiency and environmental sustainability intensifies, the demand for energy-efficient and environmentally friendly industrial boilers is expected to grow, driving market expansion and innovation in boiler design and technology.
An essential driver fueling the industrial boiler market is the industrial growth and expansion across various sectors such as manufacturing, chemical processing, food and beverage, and power generation. As economies develop and urbanize, there's a growing demand for industrial boilers to support industrial processes, heating, and power generation activities. This driver is reinforced by factors such as population growth, urbanization, and industrialization in emerging economies, as well as technological advancements driving innovation and productivity improvements in industrial sectors. Additionally, the need for reliable and efficient steam generation and heating solutions to meet production demands and regulatory requirements further drives the demand for industrial boilers. With industries investing in capacity expansion, modernization, and infrastructure development, there's a continuous need for industrial boilers to support their operations and ensure uninterrupted supply of steam and heat. As industrial activities continue to expand globally, driven by factors such as economic development, urbanization, and technological advancements, the demand for industrial boilers is expected to increase, driving market growth and investment in boiler infrastructure and technology upgrades.
A significant opportunity within the industrial boiler market lies in the integration of digitalization and smart technologies to enhance efficiency, reliability, and performance. With the emergence of Industry 4.0 and the Internet of Things (IoT), there's potential to transform traditional industrial boilers into intelligent, connected systems that offer real-time monitoring, predictive maintenance, and remote diagnostics capabilities. This opportunity encompasses the development of smart boiler solutions equipped with sensors, data analytics, and predictive algorithms that enable proactive maintenance and optimization of boiler operations. Additionally, there's an opportunity to integrate digital twin technology to simulate and optimize boiler performance, improve energy efficiency, and reduce downtime. By embracing digitalization and smart technologies, industrial boiler manufacturers can offer value-added services such as condition-based maintenance, energy management, and performance optimization, providing customers with cost-effective and sustainable solutions to meet their operational needs. As industries seek to leverage digitalization and automation to improve efficiency and competitiveness, the demand for smart industrial boilers is expected to grow, driving market expansion and investment in digital transformation initiatives within the boiler industry.
Natural gas is the largest segment in the industrial boiler market due to several compelling factors. Firstly, its cleaner burning properties align with the increasing environmental regulations globally, driving industries to opt for cleaner fuel alternatives. Further, the abundance of natural gas reserves in various regions ensures a steady and reliable supply, mitigating concerns over price volatility often associated with other fuel sources. Additionally, technological advancements in natural gas combustion systems have improved efficiency and lowered operational costs, making it an economically viable choice for industrial boiler applications. Furthermore, the transition towards natural gas is bolstered by its lower carbon footprint compared to coal and oil, aligning with corporate sustainability initiatives and enhancing corporate social responsibility profiles. As industries continue to prioritize sustainability and efficiency, the natural gas segment is poised for sustained growth, solidifying its position as the dominant fuel choice in the industrial boiler market.
The steam segment is the fastest-growing segment in the industrial boiler market due to its widespread applicability and versatility across various industries. Steam boilers are integral to numerous industrial processes, including power generation, food processing, chemical manufacturing, and pharmaceutical production, among others. The increasing demand for steam in industrial applications, driven by the expansion of manufacturing sectors and growing energy needs, fuels the growth of steam boilers. Further, advancements in steam boiler technology, such as the development of high-efficiency systems and integration with renewable energy sources like biomass and solar, enhance their attractiveness to industries seeking sustainable solutions. Additionally, the resurgence of interest in cogeneration and combined heat and power (CHP) systems further boosts the demand for steam boilers, as they play a crucial role in such integrated energy production setups. As industries prioritize efficiency, reliability, and environmental sustainability, the steam segment is poised for rapid growth, maintaining its prominence in the industrial boiler market.
The water-tube segment stands out as the largest segment in the industrial boiler market due to its superior efficiency, flexibility, and safety features compared to other boiler types. Water-tube boilers offer advantages such as faster steam generation, higher capacity, and the ability to handle fluctuating steam demands effectively, making them preferred choices for industries with varying process requirements. Additionally, water-tube boilers are well-suited for high-pressure applications, providing reliable performance in power generation, chemical processing, and other industrial settings where stringent safety standards are paramount. The design of water-tube boilers facilitates better heat transfer and allows for easier maintenance and cleaning, further enhancing their appeal to industries seeking cost-effective and reliable boiler solutions. With the increasing emphasis on energy efficiency and operational reliability, the water-tube segment continues to dominate the industrial boiler market, serving as a cornerstone for industrial processes worldwide.
By Fuel
Natural gas
Oil
Coal
Others
By Function
Steam
Hot Water
By Boiler Type
Fire-Tube
Water-Tube
Others
By Boiler Horsepower
10 to 150 BHP
150 to 300 BHP
300 to 600 BHP
Above 600 BHP
By End-User
Chemicals & Petrochemicals
Metal & mining
Food
Paper & pulp
Power generation
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Alfa Laval AB
Andritz AG
Babcock & Wilcox Enterprises INC
Bharat Heavy Electricals Ltd (BHEL)
Byworth Boilers Ltd
Cleaver Brooks Inc
Dongfang Electric Corp Ltd (DEC LTD)
Harbin Electric Company Ltd
IHI Corp
John Wood Group PLC
Mitsubishi Power
Robert Bosch GMBH
Siemens AG
Sofinter Group
Thermax Ltd
*- List Not Exhaustive
Chapter 1. TABLE OF CONTENTS
Chapter 2. Introduction to Industrial Boiler Market
2.1. Market Overview
2.2. Key Statistics and Report Highlights
2.3. Scope of the Comprehensive Study
2.3.1. Market Definition
2.3.2 Countries and Regions Covered
2.3.3 Research Objective
2.3.4 Units, Currency, and Conversions
2.3.5 Industry Value Chain
2.4. Key Market Segments
2.5. Key Companies
2.6. Study Period
Chapter 3. Strategic Analysis Review
3.1. Industrial Boiler Pricing Analysis and Forecast
3.2. Porter’s Five Forces
3.3. Market Ecosystem
3.4. SWOT Analysis
3.5. Regulatory Scenario
3.3. Effects of Inflation, Russia-Ukraine War, moderating economic growth, and other macroeconomic factors
Chapter 4. Competitive Landscape
4.1. Market Share Analysis
4.1.1. Global Industrial Boiler Market Share by Company, 2023
4.1.2. Product Offerings of Leading Industrial Boiler Companies
4.2. Market Entropy
4.2.1. New Product Launches in the Industry
4.2.2. Mergers, Acquisitions, Joint ventures, and Partnerships
4.3. Key Strategies and Best Practices
Chapter 5. Global Market Projections: Best, Reference, and Low Case Scenarios
5.1. Growth Analysis- Case Scenario Definitions
5.2. Low Growth Case Scenario Forecasts
5.3. Reference Growth Case Scenario Forecasts
5.4. High Growth Case Scenario Forecasts
Chapter 6. Market Dynamics
6.1. Industrial Boiler Market Drivers
6.2. Industrial Boiler Market Challenges
6.6. Industrial Boiler Market Opportunities
6.4. Industrial Boiler Market Trends
Chapter 7. Global Industrial Boiler Market Outlook Trends
7.1. Global Industrial Boiler Revenue (USD Million) and CAGR (%) by Type (2021-2032)
7.2. Global Industrial Boiler Revenue (USD Million) and CAGR (%) by Application (2021-2032)
7.3. Global Industrial Boiler Revenue (USD Million) and CAGR (%) by Product (2021-2032)
By Fuel
Natural gas
Oil
Coal
Others
By Function
Steam
Hot Water
By Boiler Type
Fire-Tube
Water-Tube
Others
By Boiler Horsepower
10 to 150 BHP
150 to 300 BHP
300 to 600 BHP
Above 600 BHP
By End-User
Chemicals & Petrochemicals
Metal & mining
Food
Paper & pulp
Power generation
Others
Chapter 8. Global Industrial Boiler Regional Analysis and Outlook
8.1. Global Industrial Boiler Revenue (USD Million) By Regions (2021- 2032)
8.2. North America Industrial Boiler Revenue (USD Million) by Country (2021-2032)
8.2.1. United States Industrial Boiler Regional Analysis and Outlook
8.2.2. Canada Industrial Boiler Regional Analysis and Outlook
8.2.3. Mexico Industrial Boiler Regional Analysis and Outlook
8.3. Europe Industrial Boiler Revenue (USD Million), by Country (2021-2032)
8.3.1. Germany Industrial Boiler Regional Analysis and Outlook
8.3.2. France Industrial Boiler Regional Analysis and Outlook
8.3.3. United Kingdom Industrial Boiler Regional Analysis and Outlook
8.3.4. Spain Industrial Boiler Regional Analysis and Outlook
8.3.5. Italy Industrial Boiler Regional Analysis and Outlook
8.3.6. Russia Industrial Boiler Regional Analysis and Outlook
8.3.7. Rest of Europe Industrial Boiler Regional Analysis and Outlook
8.4. Asia Pacific Industrial Boiler Revenue (USD Million) by Country (2021-2032)
8.4.1. China Industrial Boiler Regional Analysis and Outlook
8.4.2. Japan Industrial Boiler Regional Analysis and Outlook
8.4.3. India Industrial Boiler Regional Analysis and Outlook
8.4.4. South Korea Industrial Boiler Regional Analysis and Outlook
8.4.5. Australia Industrial Boiler Regional Analysis and Outlook
8.4.6. South East Asia Industrial Boiler Regional Analysis and Outlook
8.4.7. Rest of Asia Pacific Industrial Boiler Regional Analysis and Outlook
8.5. South America Industrial Boiler Revenue (USD Million), by Country (2021-2032)
8.5.1. Brazil Industrial Boiler Regional Analysis and Outlook
8.5.2. Argentina Industrial Boiler Regional Analysis and Outlook
8.5.3. Rest of South America Industrial Boiler Regional Analysis and Outlook
8.6. Middle East and Africa Industrial Boiler Revenue (USD Million) by Country (2021-2032)
8.6.1. Middle East Industrial Boiler Regional Analysis and Outlook
8.6.2. Africa Industrial Boiler Regional Analysis and Outlook
Chapter 9. North America Industrial Boiler Analysis and Outlook
9.1. North America Industrial Boiler Revenue (USD Million) by Segments (2021-2032)
9.1.1. North America Industrial Boiler Revenue (USD Million) by Type (2021-2032)
9.1.2. North America Industrial Boiler Revenue (USD Million) by Application (2021-2032)
9.1.3. North America Industrial Boiler Revenue (USD Million) by Product (2021-2032)
By Fuel
Natural gas
Oil
Coal
Others
By Function
Steam
Hot Water
By Boiler Type
Fire-Tube
Water-Tube
Others
By Boiler Horsepower
10 to 150 BHP
150 to 300 BHP
300 to 600 BHP
Above 600 BHP
By End-User
Chemicals & Petrochemicals
Metal & mining
Food
Paper & pulp
Power generation
Others
Chapter 10. Europe Industrial Boiler Analysis and Outlook
10.1. Europe Industrial Boiler Revenue (USD Million), by Segments (USD Million) (2021-2032)
10.1.1. Europe Industrial Boiler Revenue (USD Million) by Type (2021-2032)
10.1.2. Europe Industrial Boiler Revenue (USD Million) by Application (2021-2032)
10.1.3. Europe Industrial Boiler Revenue (USD Million) by Product (2021-2032)
By Fuel
Natural gas
Oil
Coal
Others
By Function
Steam
Hot Water
By Boiler Type
Fire-Tube
Water-Tube
Others
By Boiler Horsepower
10 to 150 BHP
150 to 300 BHP
300 to 600 BHP
Above 600 BHP
By End-User
Chemicals & Petrochemicals
Metal & mining
Food
Paper & pulp
Power generation
Others
Chapter 11. Asia Pacific Industrial Boiler Analysis and Outlook
11.1. Asia Pacific Industrial Boiler Revenue (USD Million), and Revenue (USD Million) by Segments (2021-2032)
11.1.1. Asia Pacific Industrial Boiler Revenue (USD Million) by Type (2021-2032)
11.1.2. Asia Pacific Industrial Boiler Revenue (USD Million) by Application (2021-2032)
11.1.3. Asia Pacific Industrial Boiler Revenue (USD Million) by Product (2021-2032)
By Fuel
Natural gas
Oil
Coal
Others
By Function
Steam
Hot Water
By Boiler Type
Fire-Tube
Water-Tube
Others
By Boiler Horsepower
10 to 150 BHP
150 to 300 BHP
300 to 600 BHP
Above 600 BHP
By End-User
Chemicals & Petrochemicals
Metal & mining
Food
Paper & pulp
Power generation
Others
Chapter 12. South America Industrial Boiler Analysis and Outlook
12.1. South America Industrial Boiler Revenue (USD Million), by Segments (2021-2032)
12.1.1. South America Industrial Boiler Revenue (USD Million) by Type (2021-2032)
12.1.2. South America Industrial Boiler Revenue (USD Million) by Application (2021-2032)
12.1.3. South America Industrial Boiler Revenue (USD Million) by Product (2021-2032)
By Fuel
Natural gas
Oil
Coal
Others
By Function
Steam
Hot Water
By Boiler Type
Fire-Tube
Water-Tube
Others
By Boiler Horsepower
10 to 150 BHP
150 to 300 BHP
300 to 600 BHP
Above 600 BHP
By End-User
Chemicals & Petrochemicals
Metal & mining
Food
Paper & pulp
Power generation
Others
Chapter 13. Middle East and Africa Industrial Boiler Analysis and Outlook
13.1. Middle East and Africa Industrial Boiler Revenue (USD Million), by Segments (2021-2032)
13.1.1. Middle East and Africa Industrial Boiler Revenue (USD Million) by Type (2021-2032)
13.1.2. Middle East and Africa Industrial Boiler Revenue (USD Million) by Application (2021-2032)
13.1.3. Middle East and Africa Industrial Boiler Revenue (USD Million) by Product (2021-2032)
By Fuel
Natural gas
Oil
Coal
Others
By Function
Steam
Hot Water
By Boiler Type
Fire-Tube
Water-Tube
Others
By Boiler Horsepower
10 to 150 BHP
150 to 300 BHP
300 to 600 BHP
Above 600 BHP
By End-User
Chemicals & Petrochemicals
Metal & mining
Food
Paper & pulp
Power generation
Others
Chapter 14. Industrial Boiler Company Profiles
14.1 Business Overview
14.2 Product Profiles
14.3 SWOT Profiles
14.5 Recent Developments
14.6 Financial Profile
List of Companies
Alfa Laval AB
Andritz AG
Babcock & Wilcox Enterprises INC
Bharat Heavy Electricals Ltd (BHEL)
Byworth Boilers Ltd
Cleaver Brooks Inc
Dongfang Electric Corp Ltd (DEC LTD)
Harbin Electric Company Ltd
IHI Corp
John Wood Group PLC
Mitsubishi Power
Robert Bosch GMBH
Siemens AG
Sofinter Group
Thermax Ltd
15. Methodology and Data Sources
15.1 Customization Offerings
15.2 Subscription Services
15.3 Related Reports
15.4 Publisher Expertise
LIST OF TABLES
Table 1 Market Segmentation Analysis
Table 2 Global Industrial Boiler Market Share of Leading Companies, 2023
Table 3 Product Offerings of Leading Companies
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Industrial Boiler Revenue (USD Million) And CAGR (%) By Type (2021-2032)
Table 8 Global Industrial Boiler Revenue (USD Million) And CAGR (%) By Application (2021-2032)
Table 9 Global Industrial Boiler Revenue (USD Million) And CAGR (%) By Product (2021-2032)
Table 10 Global Industrial Boiler Market Revenue (USD Million) By Regions (2021-2032)
Table 11 Global Industrial Boiler Market Share (%) By Regions (2021-2032)
Table 12 North America Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Table 13 Europe Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Table 14 Asia Pacific Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Table 15 South America Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Table 16 Middle East and Africa Industrial Boiler Revenue (USD Million) By Region (2021-2032)
Table 17 North America Industrial Boiler Revenue (USD Million) By Type (2021-2032)
Table 18 North America Industrial Boiler Revenue (USD Million) By Application (2021-2032)
Table 19 North America Industrial Boiler Revenue (USD Million) By Product (2021-2032)
Table 20 Europe Industrial Boiler Revenue (USD Million) By Type (2021-2032)
Table 21 Europe Industrial Boiler Revenue (USD Million) By Application (2021-2032)
Table 22 Europe Industrial Boiler Revenue (USD Million) By Product (2021-2032)
Table 23 Asia Pacific Industrial Boiler Revenue (USD Million) By Type (2021-2032)
Table 24 Asia Pacific Industrial Boiler Revenue (USD Million) By Application (2021-2032)
Table 25 Asia Pacific Industrial Boiler Revenue (USD Million) By Product (2021-2032)
Table 26 South America Industrial Boiler Revenue (USD Million) By Type (2021-2032)
Table 27 South America Industrial Boiler Revenue (USD Million) By Application (2021-2032)
Table 28 South America Industrial Boiler Revenue (USD Million) By Product (2021-2032)
Table 29 Middle East and Africa Industrial Boiler Revenue (USD Million) By Type (2021-2032)
Table 30 Middle East and Africa Industrial Boiler Revenue (USD Million) By Application (2021-2032)
Table 31 Middle East and Africa Industrial Boiler Revenue (USD Million) By Product (2021-2032)
LIST OF FIGURES
Figure 1. Market Scope
Figure 2. Pricing Forecasts Per Unit, 2023- 2032
Figure 3. Porter’s Five Forces
Figure 4. Global Industrial Boiler Market Revenue (USD Million) By Regions (2021-2032)
Figure 5. Global Industrial Boiler Market Share (%) By Regions (2023)
Figure 6. North America Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 7. United States Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 8. Canada Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 9. Mexico Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 10. Europe Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 11. Germany Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 12. France Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 13. United Kingdom Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 14. Spain Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 15. Italy Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 16. Russia Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 17. Rest of Europe Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 11. Asia Pacific Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 12. China Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 13. Japan Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 14. India Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 15. South Korea Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 16. Australia Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 17. South East Asia Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 18. South America Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 19. Brazil Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 20. Argentina Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 21. Rest of Asia Pacific Industrial Boiler Revenue (USD Million) By Country (2021-2032)
Figure 22. Middle East and Africa Industrial Boiler Revenue (USD Million) By Region (2021-2032)
Figure 23. Saudi Arabia Industrial Boiler Revenue (USD Million) By Region (2021-2032)
Figure 24. The UAE Industrial Boiler Revenue (USD Million) By Region (2021-2032)
Figure 25. Rest of Middle East Industrial Boiler Revenue (USD Million) By Region (2021-2032)
Figure 26. South Africa Industrial Boiler Revenue (USD Million) By Region (2021-2032)
Figure 27. Africa Industrial Boiler Revenue (USD Million) By Region (2021-2032)
Figure 28. North America Industrial Boiler Revenue (USD Million) By Type (2021-2032)
Figure 29. North America Industrial Boiler Revenue (USD Million) By Application (2021-2032)
Figure 30. North America Industrial Boiler Revenue (USD Million) By Product (2021-2032)
Figure 31. Europe Industrial Boiler Revenue (USD Million) By Type (2021-2032)
Figure 32. Europe Industrial Boiler Revenue (USD Million) By Application (2021-2032)
Figure 33. Europe Industrial Boiler Revenue (USD Million) By Product (2021-2032)
Figure 34. Asia Pacific Industrial Boiler Revenue (USD Million) By Type (2021-2032)
Figure 35. Asia Pacific Industrial Boiler Revenue (USD Million) By Application (2021-2032)
Figure 36. Asia Pacific Industrial Boiler Revenue (USD Million) By Product (2021-2032)
Figure 37. South America Industrial Boiler Revenue (USD Million) By Type (2021-2032)
Figure 38. South America Industrial Boiler Revenue (USD Million) By Application (2021-2032)
Figure 39. South America Industrial Boiler Revenue (USD Million) By Product (2021-2032)
Figure 40. Middle East and Africa Industrial Boiler Revenue (USD Million) By Type (2021-2032)
Figure 41. Middle East and Africa Industrial Boiler Revenue (USD Million) By Application (2021-2032)
Figure 42. Middle East and Africa Industrial Boiler Revenue (USD Million) By Product (2021-2032)
By Fuel
Natural gas
Oil
Coal
Others
By Function
Steam
Hot Water
By Boiler Type
Fire-Tube
Water-Tube
Others
By Boiler Horsepower
10 to 150 BHP
150 to 300 BHP
300 to 600 BHP
Above 600 BHP
By End-User
Chemicals & Petrochemicals
Metal & mining
Food
Paper & pulp
Power generation
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Industrial Boiler Market Size is valued at $16.1 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.2% to reach $24.2 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Alfa Laval AB, Andritz AG, Babcock & Wilcox Enterprises INC, Bharat Heavy Electricals Ltd (BHEL), Byworth Boilers Ltd, Cleaver Brooks Inc, Dongfang Electric Corp Ltd (DEC LTD), Harbin Electric Company Ltd, IHI Corp, John Wood Group PLC, Mitsubishi Power, Robert Bosch GMBH, Siemens AG, Sofinter Group, Thermax Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume