Upsurge in demand from various end use industries will positively impact of the Industrial boiler market at a CAGR of 10.73% during the forecast period 2024 to 2030

Market Research Future (MRFR) has published a cooked research report on the “Industrial boiler market” that contains the information from 2018 to 2030.

The Industrial boiler market is estimated to register a CAGR of 10.73% during the forecast period of 2024 to 2030.

MRFR recognizes the following companies as the key players in the Industrial boiler market— Alfa Laval, Wuxi ZOZEN Boilers Co., Ltd, Atlas Copco, Isaac Boilers Private Limited, and General Electric Corporation.

Market Highlights

The Industrial boiler market is accounted for to register a CAGR of 10.43% during the forecast period and is estimated to reach USD 9,407.3 million by 2030.

The key factor driving the growth of the global industrial boilers market is rising government investments, new hotel projects, and the growing tourism industry. Furthermore, increased demand for a variety of applications from the food processing industry is boosting the global industrial boilers market. However, factors such as high installation and maintenance costs are likely to impede the market specifically in Asia. Nonetheless, manufacturers can expect lucrative opportunities in the near future with the introduction of hybrid compact steam boilers.

Increasing replacement of traditional heating systems with high-performance units, coupled with stringent government regulations to limit carbon emissions, will drive market growth. Due to the advancement of energy-efficient boilers, this led to the rise in demand for heat and steam in various industries is expected the industry expansion during the forecasted period.

There is the continuous growing petrochemical and chemical industries in developing economies, including India and China, led to the increase the demand for industrial boilers. Also, the rise in global investment in large power scale project will further be led to rise in demand for the industrial boilers in the market.

With the development of products, various problems related to manufacturing are gradually exposed. The main problems that arise during the manufacture of these industrial boilers include the manufacturing materials, deformation, stress corrosion, welding problems, and hydrogen embrittlement and rust. If the product design is not able to satisfy the basic functions, then the entire manufacturing process cannot meet the requirements and goals of the company is not achieved and also, huge amount will be wasted.

The most significant source of concern for new plant installations and existing plant expansions is utility space. Components such as the boiler, economizer, air preheater, and super-heater, in the process industry should have a compact design to maximize space utilization. There is less room for utility machines on the floor with capacity installations. The need to maximize space has resulted in high demand for steam boilers with small footprints and low fuel consumption.

Boiler manufacturers are promoting steam boilers customized for specific process requirements in various industries, including power generation, oil & gas, chemical, and process. For example, Bosch Industries GmbH, a leading steam boiler manufacturer, has introduced an ultra-compact steam boiler that can produce up to 5,200 kg/h of steam and has high efficiency up to 95% and low emissions. Aside from its small size, it has a versatile design that allows it to be used with a variety of fuel types and as a multi-fuel firing unit (oil, gas, biogas, hydrogen). Further, Thermax Ltd, an Indian engineering company, has a COMBLOC multi-fuel-fired ultra-compact steam boiler. It's a hybrid boiler that combines the benefits of both technologies, including fuel flexibility and the inherent ruggedness and compactness of integral furnace boilers. It reduces the carbon footprint by 40%.

Access full report @ https://www.marketresearchfuture.com/reports/industrial-boilers-market-983

Segment Analysis

The Global industrial boilers market has been segmented based on Fuel Type, Boiler Type, Rated Power, Temperature, End-user, and Region.

The Industrial boiler market segmentation, based on the fuel type, the Global Industrial Boilers Market has been categorized into four segments: Natural Gas, Oil, Coal, and Others. The natural gas segment accounts for significant share owing to its availability, cleanliness, low cost compared to other fossil fuels, ease of handling, and quick start-up. Compared to coal, oil, and other fossil fuels, natural gas is a clean source of energy. It reduces the emission of greenhouse gases such as SO2, NOx, particles, and CO2 will help to minimize air pollution and enable businesses to comply with environmental laws

Based on the boiler type, the Global Industrial Boilers Market has been categorized into two segments: Fire-Tube, and Water-Tube. The Fire-Tube segment accounted for the largest market share. The design of fire tube boilers is typically more efficient than other types, making them a suitable option for installations with limited space. This makes inspection and maintenance easy as the pipes can be cleaned and maintained outside.

Based on the rated capacity, the Global Industrial Boilers Market has been categorized into three segments: 0.1 to 0.35 MW, 0.35 to 0.7 MW, and Others. The 0.7 to 1 MW segment accounted for the largest market share. Boilers of this range are small-scale and can be used in smaller industrial applications or decentralized heating systems. It is mainly used in small manufacturing plant facilities.

Based on the temperature, the Global Industrial Boilers Market has been categorized into three segments: Low, Medium, and Economy. The High segment accounted for the largest market share. These boilers are used in applications where high heat of steam or water is not required and a lower operating temperature is sufficient for the required process or heating requirements.

Regional Analysis

By Region, the Industrial boiler market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The industrial boiler market in Asia-Pacific is growing due to rapid industrialization, urbanization, and economic growth in countries such as China, India, Japan, Korea, and other Asian countries. Manufacturing, chemical processing, and food processing are among the sectors where industrial boilers are gaining popularity. A mix of new and old technologies characterizes the Asia Pacific region, with a focus on developing smarter efficient solutions to tackle environmental issues and meet regulatory requirements. There is a high demand for industrial boilers in the Asia- Pacific region due to infrastructure development and industrial growth.

Key Findings of the Study

• The Global industrial boilers market is expected to reach USD 9,407.5 Million by 2030, at a CAGR of 10.73% during the forecast period.


• The Asia Pacific region accounted for the largest share in the global market.


• Based on boiler Type, the fire-tube segment was attributed to holding the largest market in 2022.


• Based on fire type, the natural gas segment was attributed to holding the largest market in 2022.


• Based on end use industry, the Food & Beverages segment was attributed to holding the largest market in 2022.


• Alfa Laval, Wuxi ZOZEN Boilers Co., Ltd, Atlas Copco, Isaac Boilers Private Limited, Hurst Boiler and Welding Company, Inc., Ural-Power, Viessmann, Precision Boilers, EPCB Boiler, Hoval, IHI Corporation, Thermax Ltd., Robert Bosch GmbH, General Electric Company, Henan Province Sitong Boiler Co., Ltd.