Industrial Boilers: Technologies and Developing 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 Scope

This study reviews industrial boiler technology categories, along with relevant market and production information, technological descriptions and issues, applications and market factors and potential, and gives an overview of relevant incentives and regulations in major worldwide markets. This study will be of interest to current and potential manufacturers and suppliers of industrial boilers, entrepreneurs and entrepreneurial companies interested in entering or expanding into the industrial boiler technology sector. It will also be of interest to corporate planners and strategists, boiler research and development strategists, engineering, procurement, and contracting (EPC) firms involved in the development and installation of large industrial boilers, boiler industry groups, and other public- and private-sector interest groups and market analysts. 

Industrial boiler categories considered in this study:

• Waterwall (steam).
• Watertube (steam).
• Firetube (steam).
• Fluidized bed (steam).
• Hot water boilers (all technologies). 

The data presented are agnostic of fuel, and include traditional fossil fuels (natural gas, coal, liquid fuels, petroleum coke, etc.) as well as alternative fuels such as biomass and biogas. The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry, and corporate data on industrial boiler sales, production, imports, and exports; manufacturing and industrial productivity data used to help gauge historic and anticipated future market growth; data generated by recent and ongoing research and development efforts aimed at identifying new and developing niches for certain classes of industrial boilers, and potential for associated growth; and available corporate project announcements for major industrial boiler installations. 

Boiler technology advances can be characterized by incremental change, rather than industry-shaping leaps. Nonetheless, emerging industrial boiler technologies that may become commercially viable within the next five years are summarized, but are not included in the market assessment of this report. BCC Research analyzes each major viable industrial boiler technology as shown above, determines its current market status, examines its impact on future markets, and presents forecasts of growth over the next five years. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in support of this industry. Sales of both new and replacement/retrofit boilers are considered. 

BCC Research analyzes the industrial boilers industry on a worldwide basis in terms of its manufacturing and the deployment of its technologies or products. BCC Research also examines government roles in regulating boiler emissions worldwide, and identifies key laws and regulations that are expected to drive development of replacement and retrofit markets through 2023. BCC Research also discusses recent trends and projections in terms of unit sales (as well as market sales values).

Analyst Credentials

Robert Eckard, PhD, has 15 years of experience working in the cleantech, clean transportation, clean/smart cities, advanced fuels, water and energy sectors. Having completed his dissertation at the University of California at Davis, Robert also runs a specialty industry research and technical consulting company, with an emphasis on energy, water and climate-oriented sectors, including those segments relevant to this study. Robert specializes in commercialization, data-based economic analysis, market development and penetration, environmental analysis and technical energy, environmental and market studies for Fortune 500, Global 1000 and promising startups, as well as state and local governments, other consultants and industry organizations throughout the U.S., Canada, Europe, the Middle East, Southeast Asia and Australia. He worked as a subcontractor under the U.S. Department of Energy providing evaluations of a wide array of industrial technologies, systems and related supply markets. He helped to successfully develop new markets in the U.S. and abroad, identify target niches and support highly successful business strategy development. Previously, he produced reports for BCC Research on global markets pertaining to energy, industry, energy efficiency, water and industrial, durable goods and related categories and technologies. Robert works directly in the industries that he analyzes and has successfully secured over $225 million in fund development for specific projects and technologies in the last six years.