Fire Tube Industrial Boiler Market is anticipated to exceed 40 thousand units by 2024 Major players operating across market include Thermax, Cleaver-Brooks, Siemens, BHEL, AMEC Foster Wheeler

The rapidly increasing deployment of steam boilers across numerous end-use verticals has been propelling the fire tube industrial boiler market. The primary factors influencing the product demand are its compact size and portability pertaining to which most of the end-users have been giving preference for the same. Numerous industry contributors have been looking forward to developing a variety of product ranges to expand the deployment scope of these products. In addition, they are also focusing on the advancements of its functionality to optimize the heating comfort. The launch of smart and electronically assisted boiler models will have a significant impact on fire tube industrial boiler industry size.

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With the upsurge in the significance of steam boilers across refineries, and the manufacturing and food processing industries, players in the fire tube industrial boiler market have been planning to carry out significant developments in the existing products. Their prime objective is to overcome the issues related to energy efficiency and greenhouse gas emissions. In fact, over the last few years, with the rapid growth in industrialization, the level of GHGs has grown tremendously which has been creating major health-related problems. In this regard, companies have indeed been undertaking major initiatives – for instance, recently, Suez Water Technologies & Solutions launched a digital monitor for boilers that can monitor and analyze boiler water.

Speaking along the same line, the feature of digital monitoring in the boiler can effectively reduce the greenhouse gas emissions and energy usage that will ultimately decrease the cost required for asset management and steam production. Taking into account the effective use of such digitally monitored fire tube and water tube boilers, multiple industries comprising healthcare, mining, paper, chemical processing, and F&B have been investing in innovative product development tactics.

Elaborating on the product enhancement strategies adopted by the contributors in the fire tube industrial boiler market, it is prudent to state that key players have been conducting research and development activities as well, in line with the growing awareness among the end-use industries about energy efficiency. Endowed with an extensive research approach, several companies have successfully designed high performance, efficient, and durable product ranges in this vertical. For instance, commercial water heaters and boiler manufacturer, Lochinvar LLC has recently improved the thermal efficiency of the products of its commercial condensing boiler family which comprises twelve indoor and six outdoor models ranging from 750,000 to 6 million Btu/hr.

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With the upgradation in the combustion system and material of heat exchanger, Lochinvar has successfully achieved 96% thermal efficiency. In fact, designers and product development engineers of the company have also come up with an advanced fire tube design which can transfer extra heat to the surrounding water more efficiently than the earlier designs. The design and development of more efficient and leaner boilers tend to reduce the maintenance and service cost as well that will considerably fuel the fire tube industrial boiler market share.

Apart from product enhancement tactics, industry contributors have also been investing in mergers and acquisitions which has been helping them to extend their customer base as a well regional reach. Validating the aforementioned fact, in 2016, Superior Holding, Inc. has acquired the leading designer and fabricator of boiler systems, English Boiler & Tube. The combination of both the companies has turned out to be rather beneficial for the customers in terms of fulfilling their industrial boiler needs from a single source. After the acquisition, Superior Holding has also improved its engineering expertise with the help of which, it is looking forward to developing high-quality products over the years ahead.

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The growing availability of excellent quality products and customer services is poised to propel the fire tube industrial boiler market outlook. In addition, increasing addition of advanced technical and design expertise in fire tube boiler systems will considerably transform the future of fire tube industrial boiler market. Driven by the increasing development of energy efficient, cost-effective, and eco-friendly products, fire tube industrial boiler market will surpass revenue collection of USD 3 billion by the end of 2024.

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