Report Highlights
The global industrial boilers market should reach $14.6 billion by 2028 from $11.5 billion in 2023 at a compound annual growth rate (CAGR) of 4.8% for the forecast period of 2023 to 2028.
Report Includes
- 67 data tables and 37 additional tables
- An overview of the global market for industrial boilers
- Analyses of global market trends, with data for 2022, estimates for 2023 and projections of compound annual growth rates (CAGRs) through 2028
- Information on history and evolution, advancements, applications and benefits of industrial boilers
- Coverage of industrial boiler technology by various categories, along with relevant market and production information, technological descriptions, issues involved, applications, and growth driving factors and potentials
- Assessment of governmental regulations regarding boiler emissions and standards, and identification of key laws that are expected to drive development of industrial boilers markets
- Examination of the moderate level of fragmentation among smaller and specialty boiler makers
- Analyses of manufacturing industries these boilers widely support, including food and food products, chemicals, paper and paper products, petroleum refining and petroleum products, and metals
- Profiles of leading companies in the market, including ALFA LAVAL, Bharat Heavy Electricals Ltd., IHI Corp., Mitsubishi Heavy Industries Ltd. and Siemens AG
Report Scope
This report analyzes different industrial boilers by boiler type, function type, fuel type, capacity, end-use industry, and regional market development. Furthermore, the report segments the market by major countries, such as the U.S., China, Germany, India, and others, where the opportunities for industrial boilers are lucrative.
The report is prepared in a simple, easy-to-understand format; tables and figures are included to illustrate historical, current and future market scenarios. The report also covers leading companies with information on product types, business footprint, revenue, etc. We have also included a list of other companies in global and regional markets. Also, the report includes a patent analysis for the industrial boiler market, which represents a significant investment area for investors.
The report incorporates an analysis of the impact of COVID-19 and the Russia-Ukraine war on the global and regional markets.
In this report, 2022 is used as the market’s base year, estimated values are provided for 2023, and the market values are forecast from 2023 to 2028. All market values are provided in millions of dollars, and market shares and compound annual growth rates (CAGRs) are provided in percentages.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||||||
| Base year market size | $11.1 billion | ||||||||||||||||||
| Market size forecast | $14.6 billion | ||||||||||||||||||
| Growth rate | CAGR of 4.8% | ||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||
| Segments covered | boiler type, function type, fuel type, capacity, end-use industry, and region | ||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (ROW) | ||||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Rest of Europe, China, India, Japan, Australia, South Korea, Rest of Asia-Pacific, South America, Middle East and Africa | ||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Growing Industrialization in Developing Economies Propels the Market Growth
- Increasing Demand for Boilers from Food & Beverage Industry and Chemical industries
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for industrial boilers should increase from $13.0 billion in 2018 to $18.2 billion in 2023 at a compound annual growth rate (CAGR) of 6.9% for 2018-2023.
Report Includes
- 69 data table and 62 additional tables
- An overview of the global market for industrial boilers
- Analyses of global market trends, with data from 2017 to 2018 and projections of compound annual growth rates (CAGRs) through 2023
- Coverage of industrial boiler technology by various categories, along with relevant market and production information, technological descriptions, issues involved, applications, and growth driving factors and potentials
- Assessment of governmental regulations regarding boiler emissions and standards, and identification of key laws that are expected to drive development of replacement and retrofit markets
- Examination of the moderate level of fragmentation among smaller and specialty boiler makers
- Analyses of manufacturing industries these boilers widely support, including food and food products, chemicals, paper and paper products, petroleum refining and petroleum products, and metals
- Profiles of leading companies in the market, including AC Boilers, Bharat Heavy Electricals Limited, Bosch Group, GE Energy, Kawasaki Thermal Engineering, Mitsubishi Heavy Industries, Shanghai Boiler Works and Siemens Energy
Report Highlights
The global market for industrial boilers reached $9.9 billion and $10.4 billion in 2014 and 2015, respectively. This market is expected to increase from nearly $11.0 billion in 2016 to nearly $14.6 billion in 2021 at a compound annual growth rate (CAGR) of 5.8% for 2016-2021.
Report Includes
- An overview of the global market for industrial boilers.
- Analyses of global market trends, with data from 2014, 2015 and 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- Coverage of industrial boiler technology categories, along with relevant market and production information, technological descriptions, issues involved, applications, and market factors.
- A look at governmental roles in regulating boiler emissions.
- Examination of the moderate level of fragmentation among smaller and specialty boiler makers.
- Analysis of manufacturing industries these boilers widely support including food and food products, chemicals, paper and paper products, petroleum refining and petroleum products, metals, and various other industries.
- Profiles of leading companies in the industry.
Report Highlights
The global market for industrial boilers increased from nearly $8.9 billion in 2011 to nearly $9.4 billion in 2013. This market is expected to reach about $12.5 billion by 2018, equivalent to a compound annual growth rate (CAGR) of 5.9% over the five-year period from 2013 to 2018.
Report Includes
- An overview of the global market for industrial boilers.
- Analyses of global market trends, with data from 2013 and earlier, and estimates of data with projections of CAGRs through 2018.
- Examination of the moderate level of fragmentation among smaller and specialty boiler makers.
- Analysis of manufacturing industries these boilers widely support including food and food products, chemicals, paper and paper products, petroleum refining and petroleum products, metals, and various other industries.
- Comprehensive profiles of leading companies in the industry.
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