Industrial Boilers: Technologies and Developing Markets

Jul 2023| MFG033D| BCC Publishing

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.

Frequently Asked Questions (FAQs)

The industrial boilers market is projected to grow from $11.1 billion in 2022 to $14.6 billion in 2028 at a compound annual growth rate (CAGR) of 4.8% during the forecast period.
  • Growing Industrialization in Developing Economies Propels the Market Growth
  • Increasing Demand for Boilers from Food & Beverage Industry and Chemical industries
The industrial boilers market is segmented based on boiler type, function type, fuel type, capacity, end-use industry, and region.
Chemical & petrochemical segment will dominate the market by the end of 2028.
Asia-Pacific region holds the highest share of the global market.
Key companies in the market include Alfa Laval, Andritz Group, Babcock & Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited, Bosch Group, Byworth Boilers, Cleaver-Brooks, Forbes Marshall, Fulton Boiler Works, Harbin Electric Corporation co., Ltd., IHI Corporation, John Cockerill, Johnston Boiler Co., Mitsubishi Heavy Industries, Ltd., Miura America Co., LTD, Siemens AG, and Thermax Limited.

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 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
  • Growing Industrialization in Developing Economies Propels the Market Growth
  • Increasing Demand for Boilers from Food & Beverage and Chemical Industries
Companies studied
  • ALFA LAVAL
  • ANDRITZ AG
  • Babcock & Wilcox
  • BHARAT HEAVY ELECTRICALS LTD.
  • BOSCH GROUP
  • BYWORTH BOILERS
  • CLEAVER-BROOKS
  • FORBES MARSHALL
  • FULTON BOILER WORKS INC.
  • HARBIN ELECTRIC CO. LTD.
  • IHI CORP.
  • JOHN COCKERILL
  • JOHNSTON BOILER CO.
  • MITSUBISHI HEAVY INDUSTRIES LTD.
  • MIURA AMERICA CO. LTD.
  • SIEMENS
  • THERMAX LTD.

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Industrial Boilers: Technologies and Developing Markets285Free
Chapter- 1: Introduction12Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Market Overview34Free
Chapter- 4: Market Dynamics7Free
Chapter- 5: Market Breakdown by Boiler Type6Free
Chapter- 6: Market Breakdown by Type of Function7Free
Chapter- 7: Market Breakdown by Fuel Type10Free
Chapter- 8: Market Breakdown by Capacity5Free
Chapter- 9: Market Breakdown by End-Use industry7Free
Chapter- 10: Market Breakdown by Region87Free
Chapter- 11: Emerging Technologies and Developments4Free
Chapter- 12: Patent Analysis27Free
Chapter- 13: M&A and Fundings Outlook8Free
Chapter- 14: Competitive Landscape16Free
Chapter- 15: Company Profiles49Free
Chapter- 16: Appendix: Acronyms3Free
Published - Dec-2018| Analyst - Robert Eckard| Code - MFG033C

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
Published - Feb-2017| Analyst - Robert Eckard| Code - MFG033B

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.
Published - Mar-2014| Analyst - Robert Eckard| Code - MFG033A

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.
Industrial Boilers: Technologies and Developing Markets

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