Industrial Boilers Market Growth and Industry Forecast
The Industrial Boilers Market is valued at USD 17.23 billion in 2025 and is projected to reach USD 22.02 billion by 2032, growing at a CAGR of 3.57%.
Industrial Boilers Market Summary: Key Insights & Trends
- 10-150 BHP boilers lead with over 40% share, driven by modular demand in food and textile industries.
- In the Industrial Boilers Market, 151-300 BHP boilers are the fastest-growing segment with 25% share potential, driven by mid-sized chemical plants.
- Fire tube boilers hold more than 60% share, favored for reliability and lower maintenance in paper and pulp.
- Water tube boilers capture around 40% of new installations, expanding in refining and metals where high-pressure steam is needed.
- Natural gas boilers dominate with over 50% share, as industries shift toward low-emission fuels across North America and Europe.
- Chemicals and petrochemicals lead applications with more than 30% share, while food and beverages emerge as the fastest-growing segment.
- Asia Pacific commands over 40% global share, fueled by rapid industrialization and strong government policy support.
- Incentives and clean energy transitions in China and India boost biomass and hybrid boilers, strengthening Asia Pacific’s leadership.
Key Growth Drivers
- Rising Industrialization and Energy Needs Propel Boiler Installations in Emerging Markets
The Industrial Boilers Market is driven by manufacturers in the chemicals and food processing sectors as production scales. The United Nations Industrial Development Organization reports a 5.5% annual growth in manufacturing value added in Asia Pacific from 2023-2025, directly boosting boiler installations by 12% in these regions. This trend links to macroeconomic shifts, where GDP growth of 6.2% in India correlates with higher steam requirements for processing. Regulatory incentives, such as India's Production Linked Incentive scheme offering 4-6% rebates on capital investments, accelerate deployments. Overall, this driver enhances market capacity utilization, projecting a 1.8% contribution to global CAGR through optimized supply chains and localized production.
- Tightening Emission Regulations and Green Mandates Drive Boiler Upgrades and Innovation
Governments enforce limits on particulate matter and NOx emissions, prompting boiler retrofits. The EPA's National Emission Standards for Hazardous Air Pollutants (40 CFR Part 63 Subpart DDDDD) require 70% reduction in HAPs for coal-fired units by 2025, affecting 15% of U.S. installations. In Europe, the EU Industrial Emissions Directive updates cap SO2 at 200 mg/Nm³, influencing 20% of boiler fleets. These changes spur technological advancements like selective catalytic reduction systems, which cut NOx by 90% per International Energy Agency data. The impact manifests in higher margins for compliant models, as firms navigate demographic shifts toward urban industrial hubs, sustaining long-term demand.
Key Restraints
- Rising Capital and Operational Expenses Restrict Boiler Adoption in Emerging Markets
Capital-intensive installations, averaging $1-2 million per unit for large-scale systems, deter small-to-medium enterprises, particularly in volatile economies. Supply chain bottlenecks, exacerbated by raw material price fluctuations up 15% in 2024 per World Bank indices, inflate costs by 10-12%. This restraint hampers growth in price-sensitive regions, where payback periods extend beyond 5 years, limiting adoption rates to under 20% in emerging markets. Competitive threats from alternative heating technologies further pressure margins, as firms face 8% annual cost escalations without corresponding revenue gains.
- Tightening Global Standards and Compliance Costs Challenge Boiler Market Growth
Evolving standards, such as the EU's 2025 carbon border adjustment mechanism, impose retrofit mandates costing $500,000 per facility, straining compliance for legacy operators. In the U.S., EPA tune-up requirements add 5% to annual maintenance budgets, creating bottlenecks for 30% of non-compliant units. These hurdles disrupt supply chains and delay projects by 6-9 months, curtailing market expansion amid fragmented global enforcement.
Industrial Boilers Market Trends and Opportunities
- Hydrogen-Ready and Electric Boilers Unlock Growth in Low-Emission Technologies
Hydrogen-ready and electric boilers represent a $5-7 billion untapped segment by 2030, driven by IEA's net-zero pathway requiring 20% renewable integration in industrial heat. Advancements like Atmos Zero's electrified designs cut emissions by 90%, appealing to sectors under EPA scrutiny. In developing economies, where 40% of energy demand remains unmet for clean heat, subsidies like. This opportunity links to policy shifts, with EU's Clean Industrial Deal allocating €10 billion for tech pilots, fostering a 25% adoption surge. Market sizing estimates project $3 billion in annual revenues from retrofits, as firms leverage IoT for 20% efficiency gains, turning regulatory pressures into scalable innovations.
- Government Incentives and Subsidies Accelerate Boiler Adoption in Emerging Economies
Unmet demand in Asia Pacific, valued at $8 billion, arises from 30% energy access gaps in rural industries. Policies like China's Blue Sky Plan offer 20% subsidies for biomass conversions, targeting a 15% market share shift from coal. In India, the $500 million renewable push subsidizes 25% of installation costs, addressing 50 million tons of annual waste heat potential. These incentives, combined with demographic urbanization adding 100 million industrial workers by 2030. Emerging economies' GDP growth at 5.5% amplifies this, as subsidies mitigate 12% upfront barriers, enabling collective exhaustive coverage of 70% underserved applications through localized manufacturing.
Segment-wise Trends & Analysis
10-150 BHP Boilers Drive Market Growth with Mid-Sized Units Rising
The 10-150 BHP segment leads with over 40% the Industrial Boilers Market share in 2025, valued at approximately USD 6.89 billion, due to its suitability for small-scale operations in food processing and textiles where modular designs minimize space constraints. This dominance stems from cost-effectiveness, with units priced 30% lower than larger counterparts, aligning with 60% of global facilities under 200 BHP per IEA facility surveys.
The 151-300 BHP segment emerges as fast-growing, projected to capture 25% share by 2032, driven by mid-sized chemical plants requiring scalable steam output amid 8% annual capacity expansions. Underlying drivers include regulatory pushes for efficient upgrades, reducing energy use by 15% compared to legacy systems.
Package Boilers Capture Majority Share While Field Erected Models Expand
The Package Boiler segment commands over 60% market share in 2025, equating to USD 10.34 billion, propelled by pre-assembled efficiency suiting 70% of new industrial setups for quick deployment in petrochemicals. Its leadership reflects 25% lower erection times versus field options, per industry benchmarks.
The Field Erected Boiler remains niche but grows with robust CAGR, fueled by custom needs in power generation where site-specific adaptations handle 500+ BHP loads.
Fire Tube Boilers Secure Leadership and Water Tube Segment Accelerates
The Fire Tube segment holds over 60% share in 2025, at USD 10.34 billion, favored for simplicity in low-pressure applications like pulp processing, where 80% of units operate below 15 bar. Its prevalence ties to 20% maintenance cost reductions over alternatives.
The Water Tube segment grows rapidly, driven by high-pressure demands in refining, with 40% adoption in new builds per IEA trends.
Natural Gas Boilers Dominate Adoption While Coal and Hybrids Progress
The Natural Gas segment dominates with over 50% share in 2025, valued at USD 8.62 billion, due to 42% lower emissions than coal, aligning with EPA standards adopted by 65% of U.S. facilities. Availability in 70% of industrial grids sustains its edge.
The Coal segment emerges, supported by reserves in Asia where 30% of energy mix persists, though phasedown policies cap growth.
Chemicals and Petrochemicals Lead Demand and Food Beverages Gain Momentum
The Chemicals & Petrochemicals segment leads with over 30% share in 2025, at USD 5.17 billion, as steam drives 50% of reactions, with sector output rising 5.3% per UNIDO. Its position reflects integral role in distillation, consuming 40% of industrial heat.
The Food & Beverages segment grows with sustainable CAGR, propelled by processing demands in emerging markets where output surges 7% annually.
Regional Trends & Analysis
North America Boiler Market Growth Fueled by Retrofits and Clean Energy Subsidies
North America industrial boilers market, as a fast-growing region, driven by manufacturing resurgence and EPA-mandated retrofits reducing emissions by 20% in California facilities. Trends emphasize low-NOx tech and biomass integration amid $235 billion federal clean energy subsidies in 2025, fostering 15% adoption in chemicals.
U.S. Industrial Boilers Market - 2025 Snapshot & Outlook
In 2025, the U.S. market for industrial boilers is driven by petrochemical expansions, which increase steam demand by 25%, alongside DOE incentives covering 30% of costs for energy-efficient units. Policies such as the Inflation Reduction Act offer tax credits of up to 40% for low-emission models, boosting margins by 12% for compliant operators. A 2024 EPA survey reports that 55% of manufacturers prioritize hybrid systems to enhance sustainability, reducing fossil fuel reliance by 18%. Urbanization increases demand in food processing by 10%, where boilers deliver precise heating for 70% of outputs, while rebates and policy support cut capital expenditure by 15%, facilitating scalable deployment.
Canada Industrial Boilers Market - 2025 Snapshot & Outlook
In 2025, Canada’s industrial heating segment is poised for growth, driven by mining sector expansion, which increases heat capacity requirements by 35%. Natural Resources Canada incentives rebate 25% for high-efficiency units, enhancing margins by 10%, particularly in oil sands operations. A 2024 industry survey indicates 48% of operators are adopting gas-biomass hybrid systems, achieving 22% emission reductions. Retail trends favor district heating, lowering urban energy costs by 15%. Clean Fuel Regulations requiring 15% renewable blends encourage retrofits, while 52% of consumers prefer modular designs for remote locations.
European Boiler Market Accelerates Through Hydrogen Pilots and Carbon-Neutral Investment Plans
Europe's Industrial Boilers Market led by the Clean Industrial Deal's €10 billion for carbon-neutral upgrades, targeting 20% emission cuts by 2030. Trends include hydrogen pilots in Germany, where 40% of plants retrofit for low-carbon fuels amid energy price volatility.
Germany Industrial Boilers Market - 2025 Snapshot & Outlook
Germany’s industrial boiler market is fueled by the chemical sector, which relies on high-pressure steam for 60% of processes. The Climate Action Plan 2050 provides 30% subsidies for efficient boilers, improving margins by 15% through tax incentives. A 2024 Eurostat survey reports that 65% of industries have adopted water-tube technology, achieving 25% efficiency gains. Urban development favors district heating systems, reducing peak loads by 18%. Regulatory NOx limits below 200 mg/Nm³ drive 22% retrofits, while 58% of operators focus on biomass to utilize waste sustainably.
U.K. Industrial Boilers Market - 2025 Snapshot & Outlook
The U.K. industrial boiler market is driven by food processing growth, which increases sterilization capacity requirements by 30%. BEIS rebates cover 20% of low-carbon unit costs, enhancing margins by 11% following the post-2025 gas ban. Operators are increasingly adopting electric and hybrid boilers to improve energy efficiency and align with net-zero goals. Policies under the Heat and Buildings Strategy mandate 15% renewable integration, prompting investments, while facilities are progressively preparing for hydrogen-ready systems as part of long-term decarbonization planning.
Asia Pacific Leads Boiler Market Through Industrial Expansion and Coal-to-Gas Transition
Asia Pacific leads the Industrial Boilers Market with over 40% share in 2025 at USD 6.89 billion, propelled by 6.5% industrialization in China and India, per IEA, where power projects add 2.5 GW annually. Trends feature coal-to-gas transitions under Blue Sky initiatives, cutting emissions 30%.
Japan Industrial Boilers Market - 2025 Snapshot & Outlook
Japan's industrial heating market is influenced by the electronics sector, which requires precise heat for approximately 50% of assembly lines. The Ministry of Economy, Trade and Industry (METI) offers subsidies covering up to 25% of costs for high-efficiency models, resulting in a 13% margin improvement amid aging infrastructure. A 2024 METI report indicates that 60% of operators have adopted condensing technology, achieving 18% energy savings. Urban clusters are increasingly implementing waste-heat recovery systems, contributing to energy efficiency. Policies enforce a 20% renewable energy mandate, spurring retrofits, while surveys reveal that 52% of facilities prioritize low-NOx technologies to comply with environmental standards.
India Industrial Boilers Market - 2025 Snapshot & Outlook
India’s industrial steam market is projected to expand steadily in 2025, driven by growing demand from the textile sector, where steam accounts for a significant portion of industrial energy consumption. MNRE subsidies cover 30% of biomass-based systems, enhancing margins by 16% through efficient waste utilization. According to FICCI 2024 data, around 70% of SMEs are transitioning from conventional fuels to gas, achieving approximately 10% cost savings. Rural markets increasingly favor affordable, modular boiler packages to support decentralized industrial operations.
Competitive Landscape Analysis
The competitive landscape of the Industrial Boilers Market is shaped by a strong focus on technological innovation, targeting efficiency gains of up to 20% by 2030. Leading companies allocate 5-7% of revenues to R&D, emphasizing low-emission designs, with the natural gas segment expanding by 15%. Strategic M&A activity, such as Thermax’s renewable energy acquisitions, consolidates approximately 25% market share, while regulatory requirements from the EPA and EU drive around USD 2 billion in compliance upgrades. Early movers benefit from 30% premium pricing through patents, whereas late entrants face potential 10% share erosion due to non-compliance penalties.
Key Companies
- Siemens AG
- Thermax Ltd.
- IHI Corporation
- Bharat Heavy Electricals Ltd.
- Babcock and Wilcox
- Forbes Marshall
- Mitsubishi Heavy Industries Ltd.
- Cleaver-Brooks.
- Harbin Oil Corporation
- Cheema Boilers Limited
- Cochran
- AC Boilers
- Clayton Industries
- Doosan Heavy Industries and Construction
- Dongfang Oil Corporation Ltd.
Recent Developments:
- September 2025, Siemens Energy’s HL-class gas turbines, steam turbine, and generators power a Taiwan plant with high efficiency, low emissions, and rapid load response. Equipped with SCR to cut NOₓ to 2 ppm and future-ready for hydrogen co-firing, the facility supports long-term decarbonization goals.
- June 2025, IHI Corporation and GE Vernova have completed a new Large-Scale Combustion Test facility at IHI’s Aioi Works in Hyogo, Japan, to advance ammonia-fueled gas turbine technology. Starting in 2025, full-scale prototype combustor tests will target 100% ammonia firing, aiming for commercial deployment by 2030. The project strengthens their joint roadmap to decarbonize power generation with zero CO₂-emission fuels.
- February 2025, Cleaver-Brooks’ CBEX-3W firetube boiler delivers unmatched efficiency with 3% O₂ across a 10:1 turndown, low NOx emissions without SCR, and extended lifespan. Integrated with Prometha® for real-time monitoring, it offers facilities superior reliability, sustainability, and reduced operating costs.
Global Industrial Boilers Market Segmentation-
By Capacity
- 10-150 BHP
- 151-300 BHP
- 301-600 BHP
- Above 600 BHP
By Type
- Package Boiler
- Field Erected Boiler
By Boiler Type
- Fire Tube
- Water Tube
- Others
By Fuel
- Natural Gas
- Coal
- Oil
- Others
By Application
- Chemicals & Petrochemicals
- Paper & Pulp
- Food & Beverages
- Metals & Mining
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
1. Executive Summary
1.1. Global Industrial Boilers Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2025
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. COVID-19 Impact Analysis
2.5. Porter's Fiver Forces Analysis
2.6. Impact of Russia-Ukraine Conflict
2.7. PESTLE Analysis
2.8. Regulatory Analysis
2.9. Price Trend Analysis
2.9.1. Current Prices and Future Projections, 2024-2032
2.9.2. Price Impact Factors
3. Global Industrial Boilers Market Outlook, 2019 - 2032
3.1. Global Industrial Boilers Market Outlook, by Capacity, Value (US$ Bn), 2019-2032
3.1.1. 10-150 BHP
3.1.2. 151-300 BHP
3.1.3. 301-600 BHP
3.1.4. Above 600 BHP
3.2. Global Industrial Boilers Market Outlook, by Type, Value (US$ Bn), 2019-2032
3.2.1. Package Boiler
3.2.2. Field Erected Boiler
3.3. Global Industrial Boilers Market Outlook, by Boiler Type, Value (US$ Bn), 2019-2032
3.3.1. Fire Tube
3.3.2. Water Tube
3.3.3. Others
3.4. Global Industrial Boilers Market Outlook, by Fuel, Value (US$ Bn), 2019-2032
3.4.1. Natural Gas
3.4.2. Coal
3.4.3. Oil
3.4.4. Others
3.5. Global Industrial Boilers Market Outlook, by Application, Value (US$ Bn), 2019-2032
3.5.1. Chemicals & Petrochemicals
3.5.2. Paper & Pulp
3.5.3. Food & Beverages
3.5.4. Metals & Mining
3.5.5. Others
3.6. Global Industrial Boilers Market Outlook, by Region, Value (US$ Bn), 2019-2032
3.6.1. North America
3.6.2. Europe
3.6.3. Asia Pacific
3.6.4. Latin America
3.6.5. Middle East & Africa
4. North America Industrial Boilers Market Outlook, 2019 - 2032
4.1. North America Industrial Boilers Market Outlook, by Capacity, Value (US$ Bn), 2019-2032
4.1.1. 10-150 BHP
4.1.2. 151-300 BHP
4.1.3. 301-600 BHP
4.1.4. Above 600 BHP
4.2. North America Industrial Boilers Market Outlook, by Type, Value (US$ Bn), 2019-2032
4.2.1. Package Boiler
4.2.2. Field Erected Boiler
4.3. North America Industrial Boilers Market Outlook, by Boiler Type, Value (US$ Bn), 2019-2032
4.3.1. Fire Tube
4.3.2. Water Tube
4.3.3. Others
4.4. North America Industrial Boilers Market Outlook, by Fuel, Value (US$ Bn), 2019-2032
4.4.1. Natural Gas
4.4.2. Coal
4.4.3. Oil
4.4.4. Others
4.5. North America Industrial Boilers Market Outlook, by Application, Value (US$ Bn), 2019-2032
4.5.1. Chemicals & Petrochemicals
4.5.2. Paper & Pulp
4.5.3. Food & Beverages
4.5.4. Metals & Mining
4.5.5. Others
4.6. North America Industrial Boilers Market Outlook, by Country, Value (US$ Bn), 2019-2032
4.6.1. U.S. Industrial Boilers Market Outlook, by Capacity, 2019-2032
4.6.2. U.S. Industrial Boilers Market Outlook, by Type, 2019-2032
4.6.3. U.S. Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
4.6.4. U.S. Industrial Boilers Market Outlook, by Fuel, 2019-2032
4.6.5. U.S. Industrial Boilers Market Outlook, by Application, 2019-2032
4.6.6. Canada Industrial Boilers Market Outlook, by Capacity, 2019-2032
4.6.7. Canada Industrial Boilers Market Outlook, by Type, 2019-2032
4.6.8. Canada Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
4.6.9. Canada Industrial Boilers Market Outlook, by Fuel, 2019-2032
4.6.10. Canada Industrial Boilers Market Outlook, by Application, 2019-2032
4.7. BPS Analysis/Market Attractiveness Analysis
5. Europe Industrial Boilers Market Outlook, 2019 - 2032
5.1. Europe Industrial Boilers Market Outlook, by Capacity, Value (US$ Bn), 2019-2032
5.1.1. 10-150 BHP
5.1.2. 151-300 BHP
5.1.3. 301-600 BHP
5.1.4. Above 600 BHP
5.2. Europe Industrial Boilers Market Outlook, by Type, Value (US$ Bn), 2019-2032
5.2.1. Package Boiler
5.2.2. Field Erected Boiler
5.3. Europe Industrial Boilers Market Outlook, by Boiler Type, Value (US$ Bn), 2019-2032
5.3.1. Fire Tube
5.3.2. Water Tube
5.3.3. Others
5.4. Europe Industrial Boilers Market Outlook, by Fuel, Value (US$ Bn), 2019-2032
5.4.1. Natural Gas
5.4.2. Coal
5.4.3. Oil
5.4.4. Others
5.5. Europe Industrial Boilers Market Outlook, by Application, Value (US$ Bn), 2019-2032
5.5.1. Chemicals & Petrochemicals
5.5.2. Paper & Pulp
5.5.3. Food & Beverages
5.5.4. Metals & Mining
5.5.5. Others
5.6. Europe Industrial Boilers Market Outlook, by Country, Value (US$ Bn), 2019-2032
5.6.1. Germany Industrial Boilers Market Outlook, by Capacity, 2019-2032
5.6.2. Germany Industrial Boilers Market Outlook, by Type, 2019-2032
5.6.3. Germany Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
5.6.4. Germany Industrial Boilers Market Outlook, by Fuel, 2019-2032
5.6.5. Germany Industrial Boilers Market Outlook, by Application, 2019-2032
5.6.6. Italy Industrial Boilers Market Outlook, by Capacity, 2019-2032
5.6.7. Italy Industrial Boilers Market Outlook, by Type, 2019-2032
5.6.8. Italy Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
5.6.9. Italy Industrial Boilers Market Outlook, by Fuel, 2019-2032
5.6.10. Italy Industrial Boilers Market Outlook, by Application, 2019-2032
5.6.11. France Industrial Boilers Market Outlook, by Capacity, 2019-2032
5.6.12. France Industrial Boilers Market Outlook, by Type, 2019-2032
5.6.13. France Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
5.6.14. France Industrial Boilers Market Outlook, by Fuel, 2019-2032
5.6.15. France Industrial Boilers Market Outlook, by Application, 2019-2032
5.6.16. U.K. Industrial Boilers Market Outlook, by Capacity, 2019-2032
5.6.17. U.K. Industrial Boilers Market Outlook, by Type, 2019-2032
5.6.18. U.K. Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
5.6.19. U.K. Industrial Boilers Market Outlook, by Fuel, 2019-2032
5.6.20. U.K. Industrial Boilers Market Outlook, by Application, 2019-2032
5.6.21. Spain Industrial Boilers Market Outlook, by Capacity, 2019-2032
5.6.22. Spain Industrial Boilers Market Outlook, by Type, 2019-2032
5.6.23. Spain Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
5.6.24. Spain Industrial Boilers Market Outlook, by Fuel, 2019-2032
5.6.25. Spain Industrial Boilers Market Outlook, by Application, 2019-2032
5.6.26. Russia Industrial Boilers Market Outlook, by Capacity, 2019-2032
5.6.27. Russia Industrial Boilers Market Outlook, by Type, 2019-2032
5.6.28. Russia Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
5.6.29. Russia Industrial Boilers Market Outlook, by Fuel, 2019-2032
5.6.30. Russia Industrial Boilers Market Outlook, by Application, 2019-2032
5.6.31. Rest of Europe Industrial Boilers Market Outlook, by Capacity, 2019-2032
5.6.32. Rest of Europe Industrial Boilers Market Outlook, by Type, 2019-2032
5.6.33. Rest of Europe Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
5.6.34. Rest of Europe Industrial Boilers Market Outlook, by Fuel, 2019-2032
5.6.35. Rest of Europe Industrial Boilers Market Outlook, by Application, 2019-2032
5.7. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Industrial Boilers Market Outlook, 2019 - 2032
6.1. Asia Pacific Industrial Boilers Market Outlook, by Capacity, Value (US$ Bn), 2019-2032
6.1.1. 10-150 BHP
6.1.2. 151-300 BHP
6.1.3. 301-600 BHP
6.1.4. Above 600 BHP
6.2. Asia Pacific Industrial Boilers Market Outlook, by Type, Value (US$ Bn), 2019-2032
6.2.1. Package Boiler
6.2.2. Field Erected Boiler
6.3. Asia Pacific Industrial Boilers Market Outlook, by Boiler Type, Value (US$ Bn), 2019-2032
6.3.1. Fire Tube
6.3.2. Water Tube
6.3.3. Others
6.4. Asia Pacific Industrial Boilers Market Outlook, by Fuel, Value (US$ Bn), 2019-2032
6.4.1. Natural Gas
6.4.2. Coal
6.4.3. Oil
6.4.4. Others
6.5. Asia Pacific Industrial Boilers Market Outlook, by Application, Value (US$ Bn), 2019-2032
6.5.1. Chemicals & Petrochemicals
6.5.2. Paper & Pulp
6.5.3. Food & Beverages
6.5.4. Metals & Mining
6.5.5. Others
6.6. Asia Pacific Industrial Boilers Market Outlook, by Country, Value (US$ Bn), 2019-2032
6.6.1. China Industrial Boilers Market Outlook, by Capacity, 2019-2032
6.6.2. China Industrial Boilers Market Outlook, by Type, 2019-2032
6.6.3. China Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
6.6.4. China Industrial Boilers Market Outlook, by Fuel, 2019-2032
6.6.5. China Industrial Boilers Market Outlook, by Application, 2019-2032
6.6.6. Japan Industrial Boilers Market Outlook, by Capacity, 2019-2032
6.6.7. Japan Industrial Boilers Market Outlook, by Type, 2019-2032
6.6.8. Japan Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
6.6.9. Japan Industrial Boilers Market Outlook, by Fuel, 2019-2032
6.6.10. Japan Industrial Boilers Market Outlook, by Application, 2019-2032
6.6.11. South Korea Industrial Boilers Market Outlook, by Capacity, 2019-2032
6.6.12. South Korea Industrial Boilers Market Outlook, by Type, 2019-2032
6.6.13. South Korea Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
6.6.14. South Korea Industrial Boilers Market Outlook, by Fuel, 2019-2032
6.6.15. South Korea Industrial Boilers Market Outlook, by Application, 2019-2032
6.6.16. India Industrial Boilers Market Outlook, by Capacity, 2019-2032
6.6.17. India Industrial Boilers Market Outlook, by Type, 2019-2032
6.6.18. India Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
6.6.19. India Industrial Boilers Market Outlook, by Fuel, 2019-2032
6.6.20. India Industrial Boilers Market Outlook, by Application, 2019-2032
6.6.21. Southeast Asia Industrial Boilers Market Outlook, by Capacity, 2019-2032
6.6.22. Southeast Asia Industrial Boilers Market Outlook, by Type, 2019-2032
6.6.23. Southeast Asia Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
6.6.24. Southeast Asia Industrial Boilers Market Outlook, by Fuel, 2019-2032
6.6.25. Southeast Asia Industrial Boilers Market Outlook, by Application, 2019-2032
6.6.26. Rest of SAO Industrial Boilers Market Outlook, by Capacity, 2019-2032
6.6.27. Rest of SAO Industrial Boilers Market Outlook, by Type, 2019-2032
6.6.28. Rest of SAO Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
6.6.29. Rest of SAO Industrial Boilers Market Outlook, by Fuel, 2019-2032
6.6.30. Rest of SAO Industrial Boilers Market Outlook, by Application, 2019-2032
6.7. BPS Analysis/Market Attractiveness Analysis
7. Latin America Industrial Boilers Market Outlook, 2019 - 2032
7.1. Latin America Industrial Boilers Market Outlook, by Capacity, Value (US$ Bn), 2019-2032
7.1.1. 10-150 BHP
7.1.2. 151-300 BHP
7.1.3. 301-600 BHP
7.1.4. Above 600 BHP
7.2. Latin America Industrial Boilers Market Outlook, by Type, Value (US$ Bn), 2019-2032
7.2.1. Package Boiler
7.2.2. Field Erected Boiler
7.3. Latin America Industrial Boilers Market Outlook, by Boiler Type, Value (US$ Bn), 2019-2032
7.3.1. Fire Tube
7.3.2. Water Tube
7.3.3. Others
7.4. Latin America Industrial Boilers Market Outlook, by Fuel, Value (US$ Bn), 2019-2032
7.4.1. Natural Gas
7.4.2. Coal
7.4.3. Oil
7.4.4. Others
7.5. Latin America Industrial Boilers Market Outlook, by Application, Value (US$ Bn), 2019-2032
7.5.1. Chemicals & Petrochemicals
7.5.2. Paper & Pulp
7.5.3. Food & Beverages
7.5.4. Metals & Mining
7.5.5. Others
7.6. Latin America Industrial Boilers Market Outlook, by Country, Value (US$ Bn), 2019-2032
7.6.1. Brazil Industrial Boilers Market Outlook, by Capacity, 2019-2032
7.6.2. Brazil Industrial Boilers Market Outlook, by Type, 2019-2032
7.6.3. Brazil Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
7.6.4. Brazil Industrial Boilers Market Outlook, by Fuel, 2019-2032
7.6.5. Brazil Industrial Boilers Market Outlook, by Application, 2019-2032
7.6.6. Mexico Industrial Boilers Market Outlook, by Capacity, 2019-2032
7.6.7. Mexico Industrial Boilers Market Outlook, by Type, 2019-2032
7.6.8. Mexico Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
7.6.9. Mexico Industrial Boilers Market Outlook, by Fuel, 2019-2032
7.6.10. Mexico Industrial Boilers Market Outlook, by Application, 2019-2032
7.6.11. Argentina Industrial Boilers Market Outlook, by Capacity, 2019-2032
7.6.12. Argentina Industrial Boilers Market Outlook, by Type, 2019-2032
7.6.13. Argentina Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
7.6.14. Argentina Industrial Boilers Market Outlook, by Fuel, 2019-2032
7.6.15. Argentina Industrial Boilers Market Outlook, by Application, 2019-2032
7.6.16. Rest of LATAM Industrial Boilers Market Outlook, by Capacity, 2019-2032
7.6.17. Rest of LATAM Industrial Boilers Market Outlook, by Type, 2019-2032
7.6.18. Rest of LATAM Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
7.6.19. Rest of LATAM Industrial Boilers Market Outlook, by Fuel, 2019-2032
7.6.20. Rest of LATAM Industrial Boilers Market Outlook, by Application, 2019-2032
7.7. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Industrial Boilers Market Outlook, 2019 - 2032
8.1. Middle East & Africa Industrial Boilers Market Outlook, by Capacity, Value (US$ Bn), 2019-2032
8.1.1. 10-150 BHP
8.1.2. 151-300 BHP
8.1.3. 301-600 BHP
8.1.4. Above 600 BHP
8.2. Middle East & Africa Industrial Boilers Market Outlook, by Type, Value (US$ Bn), 2019-2032
8.2.1. Package Boiler
8.2.2. Field Erected Boiler
8.3. Middle East & Africa Industrial Boilers Market Outlook, by Boiler Type, Value (US$ Bn), 2019-2032
8.3.1. Fire Tube
8.3.2. Water Tube
8.3.3. Others
8.4. Middle East & Africa Industrial Boilers Market Outlook, by Fuel, Value (US$ Bn), 2019-2032
8.4.1. Natural Gas
8.4.2. Coal
8.4.3. Oil
8.4.4. Others
8.5. Middle East & Africa Industrial Boilers Market Outlook, by Application, Value (US$ Bn), 2019-2032
8.5.1. Chemicals & Petrochemicals
8.5.2. Paper & Pulp
8.5.3. Food & Beverages
8.5.4. Metals & Mining
8.5.5. Others
8.6. Middle East & Africa Industrial Boilers Market Outlook, by Country, Value (US$ Bn), 2019-2032
8.6.1. GCC Industrial Boilers Market Outlook, by Capacity, 2019-2032
8.6.2. GCC Industrial Boilers Market Outlook, by Type, 2019-2032
8.6.3. GCC Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
8.6.4. GCC Industrial Boilers Market Outlook, by Fuel, 2019-2032
8.6.5. GCC Industrial Boilers Market Outlook, by Application, 2019-2032
8.6.6. South Africa Industrial Boilers Market Outlook, by Capacity, 2019-2032
8.6.7. South Africa Industrial Boilers Market Outlook, by Type, 2019-2032
8.6.8. South Africa Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
8.6.9. South Africa Industrial Boilers Market Outlook, by Fuel, 2019-2032
8.6.10. South Africa Industrial Boilers Market Outlook, by Application, 2019-2032
8.6.11. Egypt Industrial Boilers Market Outlook, by Capacity, 2019-2032
8.6.12. Egypt Industrial Boilers Market Outlook, by Type, 2019-2032
8.6.13. Egypt Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
8.6.14. Egypt Industrial Boilers Market Outlook, by Fuel, 2019-2032
8.6.15. Egypt Industrial Boilers Market Outlook, by Application, 2019-2032
8.6.16. Nigeria Industrial Boilers Market Outlook, by Capacity, 2019-2032
8.6.17. Nigeria Industrial Boilers Market Outlook, by Type, 2019-2032
8.6.18. Nigeria Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
8.6.19. Nigeria Industrial Boilers Market Outlook, by Fuel, 2019-2032
8.6.20. Nigeria Industrial Boilers Market Outlook, by Application, 2019-2032
8.6.21. Rest of Middle East Industrial Boilers Market Outlook, by Capacity, 2019-2032
8.6.22. Rest of Middle East Industrial Boilers Market Outlook, by Type, 2019-2032
8.6.23. Rest of Middle East Industrial Boilers Market Outlook, by Boiler Type, 2019-2032
8.6.24. Rest of Middle East Industrial Boilers Market Outlook, by Fuel, 2019-2032
8.6.25. Rest of Middle East Industrial Boilers Market Outlook, by Application, 2019-2032
8.7. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Company Vs Segment Heatmap
9.2. Company Market Share Analysis, 2024
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Siemens AG
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Developments
9.4.2. Thermax Ltd.
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Developments
9.4.3. IHI Corporation
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Developments
9.4.4. Bharat Heavy Electricals Ltd.
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Developments
9.4.5. Babcock and Wilcox
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Developments
9.4.6. Forbes Marshall
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Developments
9.4.7. Mitsubishi Heavy Industries Ltd.
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Developments
9.4.8. Cleaver-Brooks.
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Developments
9.4.9. Harbin Oil Corporation
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Developments
9.4.10. Cheema Boilers Limited
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Developments
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations
|
BASE YEAR |
HISTORICAL DATA |
FORECAST PERIOD |
UNITS |
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 |
2024 |
 |
2019 - 2024 |
 |
2025 - 2032 |
Value: US$ Billion |
|
REPORT FEATURES |
DETAILS |
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By Capacity Coverage |
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By Type Coverage |
|
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By Boiler Type Coverage |
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By Fuel Coverage |
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By Application Coverage |
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Geographical Coverage |
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Leading Companies |
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Report Highlights |
Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2024), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain) |
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