Global Industrial Boilers
Market Report
2025
The global industrial boilers market size is USD 15.3 billion in 2024. The industrial boilers market will show strongest growth with a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031. Technological breakthroughs are responsible for this evolution.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global industrial boilers market size is USD 15.3 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 |
Middle East Market Size | 121212 | 121212 | 121212 | 121212 |
Africa Market Size | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Fuel |
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Market Split by Boiler |
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Market Split by Function |
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Market Split by Boiler Horsepower |
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Market Split by End-Use Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Industrial Boilers industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Industrial Boilers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Industrial boilers contain sealed devices that use electrical or fossil fuels to warm liquid or produce steaming for manufacturing heating and hydrating needs. It produces a vapor or warms liquid for industrial warmth, which is used to produce motorized energy and electricity. The increasing need for foods and beverages, as well as chemistry and petroleum-based sectors, is driving the demand for industrial boilers. The need for industrial boilers is being driven mostly by the speed at which industries are industrializing and by the strict government rules about dangerous pollutants. The increasing utilization of industrial boilers in multiple sectors, including substance, nutrition, and prospecting, is anticipated to stimulate market expansion.
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In April 2024, Thermax, a top supplier of energy and environmental solutions, opened an advanced manufacturing plant in Pune for its sewerage and water purification products. This is a major move in line with Thermax's overarching goal of conservation of resources and environmental sustainability. (Source: https://www.thermaxglobal.com/wp-content/uploads/2024/04/Thermax-Unveils-State-of-the-Art-Manufacturing-Hub-in-Pune-for-Clean-Water-Solutions.pdf/p>
Top Companies Market Share in Industrial Boilers Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America emerged as the dominant region in the industrial boilers market due to the significant involvement of important businesses and a strong automobile facility. Due to the area's long-standing base of production services, there is an increasing need for commercial boilers, which helps the region maintain its standing as the industry leader.
Asia-Pacific stands out as the fastest-growing region in the industrial boilers market because of the fast industrial development, growth in populations, and rise in internet access. The area is an established player in the worldwide industry because of its requirements for successful communication systems and the capability of industrial boilers, particularly ones that incorporate optical-electronic components.
The current report Scope analyzes Industrial Boilers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Industrial Boilers Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Industrial Boilers Industry growth. Industrial Boilers market has been segmented with the help of its Fuel, Boiler Function, and others. Industrial Boilers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the current trends and future market projects, Industrial Boilers market size is projected from 2019 to 2031, with both quantitative and qualitative analysis based on the Fuel segmentation analysis of the Industrial Boilers. This helps to understand the fastest-growing segments, such as industrial robots, electric motors, material handling systems, or construction equipment, and others. Type segment analysis gives detailed insights into the factors driving growth, such as technological innovations, automation, and energy efficiency. For instances segments like smart machinery and electric-powered equipment are becoming more popular as industries move towards sustainable and cost-effective solutions.
To better understand the performance of each Fuel segment, several factors are considered. These include technological advancements like IoT and AI integration, changes in consumer demand for more energy-efficient or customizable operation and pricing trends driven by raw material costs and labor. Regulatory impacts also play a role, especially with environmental and safety regulations. This type of analysis offers a clear view of how different types will evolve over time, helping businesses make smarter decisions on investments and strategies. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Fuel of Industrial Boilers analyzed in this report are as follows:
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According to cognitive market research, water tube is the dominant category. Due to the rise of the need for water tubes as boilers in the global agricultural, chemicals and petroleum-related, and fiber and paper businesses. The main factor that has fueled the rise of water tube boilers across industries is their advantages, such as their improved heating effectiveness and minimal greenhouse gas emissions.
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Research Associate at Cognitive Market Research
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Industrial Boilers Market is witnessing significant growth in the near future.
In 2023, the Natural Gas segment accounted for noticeable share of global Industrial Boilers Market and is projected to experience significant growth in the near future.
The Fire-Tube segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Babcock & Wilcox Enterprises INC (US) , Dongfang Electric Corporation Limited (DEC LTD) (China) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Fuel | Natural Gas, Coal, Oil |
Boiler | Fire-Tube, Water Tube |
Function | Hot Water, Steam |
Boiler Horsepower | 10-150 BHP, 151-300 BHP, 301-600 BHP |
End-Use Industry | Chemicals & Petrochemicals, Metal & mining, Food, Paper & pulp, Power generation |
List of Competitors | Babcock & Wilcox Enterprises INC (US), Siemens AG (Germany), Dongfang Electric Corporation Limited (DEC LTD) (China), John Wood Group PLC (UK), Mitsubishi Power (Japan), Sofinter Group (Italy), Thermax Limited (India), Bharat Heavy Electricals Limited (BHEL) (India), IHI Corporation (Japan), Harbin Electric Company Limited (China), Alfa Laval AB (Sweden), Andritz AG (Austria), Cleaver Brooks Inc. (US), Robert Bosch GMBH (Germany), Byworth Boilers Limited (UK) |
This chapter will help you gain GLOBAL Market Analysis of Industrial Boilers. Further deep in this chapter, you will be able to review Global Industrial Boilers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Industrial Boilers. Further deep in this chapter, you will be able to review North America Industrial Boilers Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Industrial Boilers. Further deep in this chapter, you will be able to review Europe Industrial Boilers Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Industrial Boilers. Further deep in this chapter, you will be able to review Asia Pacific Industrial Boilers Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Industrial Boilers. Further deep in this chapter, you will be able to review South America Industrial Boilers Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Industrial Boilers. Further deep in this chapter, you will be able to review Middle East Industrial Boilers Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Industrial Boilers. Further deep in this chapter, you will be able to review Middle East Industrial Boilers Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Industrial Boilers. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Fuel Analysis 2019 -2031, will provide market size split by Fuel. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Fuel Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Boiler Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Function Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Boiler Horsepower Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by End-Use Industry Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Industrial Boilers market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Natural Gas have a significant impact on Industrial Boilers market? |
What are the key factors affecting the Natural Gas and Coal of Industrial Boilers Market? |
What is the CAGR/Growth Rate of Fire-Tube during the forecast period? |
By type, which segment accounted for largest share of the global Industrial Boilers Market? |
Which region is expected to dominate the global Industrial Boilers Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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