Global Boiler Mountings Market Overview
As per MRFR analysis, the Boiler Mountings Market Size was estimated at 22.74 (USD Billion) in 2022. The Boiler Mountings Market Industry is expected to grow from 23.62(USD Billion) in 2023 to 33.2 (USD Billion) by 2032. The Boiler Mountings Market CAGR (growth rate) is expected to be around 3.86% during the forecast period (2023 - 2032).
Key Boiler Mountings Market Trends Highlighted
The Boiler Mountings Market is anticipated to witness significant growth in the coming years, driven by rising demand for efficient and reliable boiler systems. Increasing urbanization and industrialization are major contributing factors, as urbanization leads to increased construction of residential and commercial buildings, which require efficient heating and cooling systems. Similarly, industrialization drives the demand for boiler systems in manufacturing processes.
Technological advancements and the integration of IoT and smart technologies in boiler mountings are emerging trends in the market. These advancements enhance operational efficiency, reduce maintenance costs, and improve overall system performance. Additionally, growing environmental concerns and the need for energy conservation are driving the demand for eco-friendly and energy-efficient boiler mountings. Key market drivers include stringent government regulations for energy efficiency, increasing adoption of combined heat and power (CHP) systems, and rising awareness about the benefits of boiler optimization.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Boiler Mountings Market Drivers
Increased demand for energy-efficient boilers
As concerns about climate change grow, there is a rising demand for energy-efficient boilers that can help reduce greenhouse gas emissions. Boiler mountings play a crucial role in ensuring the efficient operation of boilers by providing support and stability to the boiler components. They also help to minimize heat loss and improve the overall performance of the boiler. The increasing demand for energy-efficient boilers is expected to drive the growth of the Global Boiler mounting market Industry over the forecast period.
Expansion of the power generation industry
The growing demand for electricity is leading to the expansion of the power generation industry, which in turn is driving the demand for boilers. Boiler mountings are essential components of boilers, and the growth of the power generation industry is expected to create a positive impact on the Global Boiler mounting market Industry. Increasing investments in renewable energy sources, such as solar and wind power, are also expected to contribute to the growth of the market, as these technologies often require boilers to generate electricity.
Technological advancements in boiler design
Technological advancements in boiler design are leading to the development of more efficient and reliable boilers. These advancements include the use of new materials, improved designs, and advanced control systems. Boiler mountings play a vital role in supporting and stabilizing the boiler components, and they must be able to withstand the operating conditions of the boiler. The development of new boiler technologies is expected to create demand for innovative boiler mountings that can meet the requirements of these new boilers.
Boiler Mountings Market Segment Insights:
Boiler Mountings Market Product Type Insights
The Boiler Mountings Market is segmented by product type into mounting plates, brackets, studs, nuts and bolts, and other accessories. Each of these product types plays a crucial role in the efficient operation and maintenance of boilers. Mounting plates provide a stable and secure base for mounting the boiler to the floor or other supporting structures. They are typically made of heavy-duty steel or cast iron and are designed to withstand the weight and vibrations of the boiler. Brackets are used to support and secure the boiler's components, such as the combustion chamber, heat exchanger, and piping.They are typically made of steel or stainless steel and are designed to provide rigidity and durability. Studs are used to fasten the boiler's components together. They are typically made of steel or stainless steel and are threaded on both ends. Nuts and bolts are used to secure the studs to the boiler's components. They are typically made of steel or stainless steel and come in a variety of sizes and shapes. Other accessories include a variety of items that are used to support the boiler's operation and maintenance. These can include gaskets, seals, insulation, and tools.
The Global Boiler mounting market is expected to grow significantly in the coming years, driven by the increasing demand for boilers in various industries, including power generation, manufacturing, and commercial buildings. The market is also expected to benefit from the growing trend toward energy efficiency and environmental sustainability as boilers become more efficient and environmentally friendly.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Boiler Mountings Market Material Insights
The Material segment of the Global Boiler mounting market is expected to grow significantly in the coming years, driven by the increasing demand for energy-efficient and low-maintenance boiler systems. Stainless steel is the most commonly used material in boiler mountings due to its excellent corrosion resistance and high strength. Carbon steel is also widely used, as it is more cost-effective than stainless steel. The market growth is attributed to the increasing demand for energy-efficient boiler systems in various industries, including power generation, oil and gas, and manufacturing.
The Boiler Mountings Market segmentation provides insights into the different materials used in boiler mountings, including stainless steel, carbon steel, alloy steel, and aluminum. Stainless steel is the most widely used material due to its excellent corrosion resistance and high strength. Carbon steel is also widely used, as it is more cost-effective than stainless steel. Alloy steel and aluminum are used in specialized applications where high strength and corrosion resistance are required.
Boiler Mountings Market Boiler Type Insights
The Boiler Type segment of the Global Boiler mounting market is expected to grow significantly in the coming years, driven by increasing demand for energy-efficient and reliable boiler systems. The market is segmented into Water Tube Boilers, Fire Tube Boilers, Gas-Fired Boilers, and Oil-Fired Boilers. Water Tube Boilers are expected to account for the largest share of the market in 2023, with a market value of USD 10.24 billion. This is due to their high efficiency and ability to handle high-pressure steam. Fire Tube Boilers are expected to hold the second-largest share, with a market value of USD 8.36 billion.These boilers are less efficient than water tube boilers but are more affordable and easier to maintain. Gas-fired boilers are expected to experience the highest growth rate over the forecast period, with a CAGR of 4.2%. This is due to the increasing availability of natural gas and its relatively low cost compared to other fuels.
Boiler Mountings Market End-User Industry Insights
The Boiler Mountings Market segmentation by End-User Industry offers valuable insights into the diverse applications of boiler mountings across various industries. Power Generation remains the dominant end-user industry, accounting for over 30% of the Boiler Mountings Market revenue in 2023. The growing demand for electricity and the increasing adoption of efficient power plants drive the segment's growth. Oil and Gas is another key industry, utilizing boiler mountings in oil refineries, gas processing plants, and thermal power plants.
Petrochemical is a significant end-user, with boiler mountings supporting the production of chemicals, plastics, and fertilizers. The Manufacturing industry also contributes to the Global Boiler mounting market, with applications in sectors such as automotive, aerospace, and food processing. Other Industries, including mining, construction, and healthcare, hold a notable market share due to the use of boilers for process heating and steam generation. The Boiler Mountings Market segmentation by End-User Industry provides a comprehensive understanding of the market dynamics and growth opportunities in each industry vertical.
Boiler Mountings Market Application Insights
The Boiler Mountings Market Segmentation by Application, covering 'Support and Alignment', 'Pressure Containment', 'Heat Transfer', and 'Access and Maintenance', provides valuable insights into the market dynamics. In 2023, the 'Support and Alignment' segment held the largest revenue share, accounting for around 29.1% of the Global Boiler mounting market. The 'Pressure Containment' segment is anticipated to exhibit the highest CAGR of 4.2% during the forecast period, owing to the growing demand for high-pressure boilers in industries such as power generation and petrochemicals.
The 'Heat Transfer' segment is also expected to witness significant growth, driven by the increasing adoption of energy-efficient technologies in various industries. The 'Access and Maintenance' segment plays a crucial role in ensuring the safety and efficiency of boiler operations and is projected to grow steadily over the forecast period.
Boiler Mountings Market Regional Insights
The Boiler Mountings Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the presence of a large number of power plants and industrial facilities in the region. Europe is expected to be the second largest market, followed by APAC. The APAC region is expected to witness the highest growth rate during the forecast period due to the increasing demand for electricity and the growing industrial sector in the region. South America and MEA are expected to have a relatively smaller market share, but these regions are expected to grow at a steady pace during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Boiler Mountings Market Key Players And Competitive Insights:
The Boiler Mountings Market industry holds a competitive landscape with several leading players holding a significant market share. Major players in the Boiler Mountings Market include established companies like Dollinger, Parker Hannifin, Pall Corporation, Emerson Electric, and Eaton Corporation. These companies have a strong presence globally and offer a wide range of boiler mountings, including pressure gauges, safety valves, steam traps, and other accessories. With their expertise in research and development, these leading Boiler mounting market players continuously innovate and enhance their product offerings to meet the evolving needs of customers. The Boiler Mountings Market development primarily focuses on improvements in design, materials, and manufacturing processes to enhance efficiency, reliability, and durability.
One of the leading companies in the Global Boiler mounting market is Parker Hannifin. The company specializes in manufacturing and distributing a broad range of hydraulic and pneumatic components, systems, and technologies. Within the Boiler Mountings Market, Parker Hannifin offers a comprehensive portfolio of products, including steam traps, pressure regulators, flow indicators, and other accessories. With a strong focus on quality and innovation, Parker Hannifin has established a reputation for providing reliable and high-performance solutions to customers in various industries, including power generation, oil and gas, and industrial manufacturing.
Another key competitor in the Boiler Mountings Market is Dollinger. The company has a rich history in the filtration industry and offers a diverse range of products, including liquid filters, air filters, and specialty filters. Dollinger's presence in the Boiler Mountings Market includes a broad selection of steam traps, regulators, and other accessories designed to enhance boiler efficiency and safety. By leveraging its expertise in filtration technology, Dollinger aims to provide customers with effective solutions for protecting boilers from impurities, corrosion, and other challenges.
Key Companies in the Boiler Mountings Market Include:
- Miura Boiler Holdings
- OSBORN Engineered Products
- M International Gas Products, Inc
- MECO
- Clayton Industries
- Boiler Equipment Manfacturing Company, Inc.
- John Zink Hamworthy Combustion
- Industrial Combustion Ltd
- Danstoker
- Seeger
- Coen Company
- Flexitallic
- Hamon
- Babcock Wilcox Enterprises
- Hurst Boiler Welding Co Inc
Boiler Mountings Market Industry Developments
Recent news and current affairs in the Boiler Mountings Market indicate steady growth driven by increasing demand from power generation, industrial, and commercial sectors. In 2023, the market was valued at approximately USD 23.62 billion, and it is projected to reach around USD 33.2 billion by 2032, exhibiting a CAGR of 3.86% during the forecast period (2024-2032). The growing adoption of clean energy technologies, such as solar and wind power, is expected to fuel demand for boiler mountings in the coming years. Additionally, the increasing use of boilers in various industries, including manufacturing, pharmaceuticals, and food processing, is contributing to market growth.
Boiler Mountings Market Segmentation Insights
- Boiler Mountings Market Product Type Outlook
- Mounting Plates
- Brackets
- Studs
- Nuts and Bolts
- Other Accessories
- Boiler Mountings Market Material Outlook
- Stainless Steel
- Carbon Steel
- Alloy Steel
- Aluminum
- Boiler Mountings Market Boiler Type Outlook
- Water Tube Boilers
- Fire Tube Boilers
- Gas-Fired Boilers
- Oil-Fired Boilers
- Boiler Mountings Market End-User Industry Outlook
- Power Generation
- Oil and Gas
- Petrochemicals
- Manufacturing
- Other Industries
- Boiler Mountings Market Application Outlook
- Support and Alignment
- Pressure Containment
- Heat Transfer
- Access and Maintenance
- Boiler Mountings Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
22.74(USD Billion) |
| Market Size 2023 |
23.62(USD Billion) |
| Market Size 2032 |
33.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.86% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Miura Boiler Holdings, OSBORN Engineered Products, M International Gas Products, Inc., MECO, Clayton Industries, Boiler Equipment Manfacturing Company, Inc., John Zink Hamworthy Combustion, Industrial Combustion Ltd, Danstoker, Seeger, Coen Company, Flexitallic, Hamon, Babcock Wilcox Enterprises, Hurst Boiler Welding Co Inc |
| Segments Covered |
Product Type, Material, Boiler Type, End-User Industry, Application, Regional |
| Key Market Opportunities |
1 Growing demand for efficient boilers2 Increasing adoption of renewable energy sources3 Rising industrialization and urbanization in developing economies4 Government regulations on boiler emissions and safety5 Advancements in boiler technology |
| Key Market Dynamics |
Increasing industrialization, government regulations, technological advancements, rising demand for reliable energy growing power generation industry |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Boiler Mountings Market size was valued at USD 23.62 billion in 2023 and is projected to reach USD 33.2 billion by 2032, exhibiting a CAGR of 3.86% during the forecast period.
North America is expected to dominate the Boiler Mountings Market, accounting for the largest market share due to the increasing demand for energy-efficient solutions and the growing power generation sector in the region.
The key drivers of the Boiler Mountings Market include the rising demand for electricity, stringent environmental regulations, and the need for improved operational efficiency in power plants.
Boiler Mountings are primarily used in power plants, industrial boilers, and commercial boilers for supporting and securing boilers, as well as for controlling and regulating boiler operations.
Some of the key competitors in the Boiler Mountings Market include Babcock Wilcox Enterprises, Inc., Amec Foster Wheeler, Doosan Heavy Industries Construction Co., Ltd., and Thermax Limited.
The Boiler Mountings Market is expected to witness significant growth over the forecast period due to the increasing demand for energy and the need for efficient and reliable boiler operations.
The Boiler Mountings Market faces challenges such as fluctuating raw material prices, stringent environmental regulations, and intense competition from low-cost manufacturers.
The latest trends in the Boiler Mountings Market include the adoption of advanced technologies such as IoT and digitalization, the development of eco-friendly and energy-efficient solutions, and the increasing demand for customized boiler mountings.
Opportunities for growth in the Boiler Mountings Market lie in the increasing demand for power generation, the rising focus on energy efficiency, and the growing adoption of automation and digitalization.
When choosing a Boiler Mountings supplier, key factors to consider include product quality, reliability, customization options, technical support, and industry experience.
