Boiler Market Segment Analysis: Focus on End-Use Industries

Boiler Market size was valued at USD 16.37 Bn. in 2022 and the total Boiler revenue is expected to grow at a CAGR of 5.9 % from 2023 to 2029, reaching nearly USD 24.45 Bn.

Boiler Market Report Scope and Research Methodology

The global boiler market is witnessing significant growth due to the escalating demand for steam boilers, especially in the food and beverage industry. Boilers play a crucial role in various industrial applications by generating steam used in cooking, sanitizing, processing, and packaging. The food processing sector relies heavily on high-quality steam for its operations, contributing to the market's expansion.

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What are Boiler Market Dynamics?

Growing Demand for Steam Boilers in Food and Beverage Industries: The food processing industry is experiencing rapid growth worldwide, making it a pivotal sector for the boiler market. Steam boilers are essential in food processing for various operations, from cooking to sterilization. This heightened demand for steam in the industry is driving market growth.

Boiler Market Segmentation:

By end-use industry, the Chemicals sector segment controlled the boiler market in 2022 with a market share of over 38.45%.With the highest CAGR of 5.4%, it is also anticipated to keep leading at the conclusion of the projection period. The dominance (of fertilizers and pesticides) has been influenced by the growing need for high-quality steam for the production of chemicals like petrochemicals, industrial gases, alkali and chlorine, synthetic rubber, synthetic organic fibers, and agricultural chemicals. The market for industrial boilers in the chemical industry is expanding thanks to emerging markets for energy consumption in that industry, such India and China.

by Fuel Type

1. Natural Gas & Biomass
2. Coal
3. Oil
4. Others

by Boiler Type

1. Fire-Tube
2. Water-Tube

by Boiler Horsepower

1. 10-150 BHP
2. 151-300 BHP
3. 301-600 BHP

by End-Use Industry

1. Chemical
2. Food
3. Refineries
4. Metals & Mining
5. Others

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Who are Boiler Market Key Players?

1. A.O. Smith (US)
2. Parker Boiler (US)
3. Cleaver-Brooks, Inc. (US)
4. Thermax Inc (US)
5. Weil-McLain (US)
6. Fulton Boiler Works, Inc. (US)
7. General Electric (US)
8. Babcock & Wilcox Enterprises, Inc. (US)
9. BURNHAM COMMERCIAL BOILERS (US)
10. Hurst Boiler & Welding Co, Inc. (US)
11. Bryan Steam LLC (US)
12. Superior Boiler (US)
13. Vapor Power International LLC (US)
14. Siemens AG (Germany)
15. Cochran Ltd (UK)
16. John Wood Group plc (UK)
17. Vattenfall AB (Sweden)
18. Alfa Laval AB (Sweden)
19. Sofinter S.p.a (Iatly)
20. ANDRITZ AG (Austria)

Table of Content: Boiler Market

Part 01: Executive Summary

Part 02: Scope of the Boiler Market Report

Part 03: Global Boiler Market Landscape

Part 04: Global Boiler Market Sizing

Part 05: Global Boiler Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia-Pacific: The Asia-Pacific region dominates the boiler market, with countries like China, India, and Japan experiencing high demand for industrial boilers to meet the growing need for thermal energy. The food and beverage industry's growth and industrialization initiatives drive market expansion in this region.

Europe: Europe accounts for a substantial share of the market due to its numerous industries and environmental consciousness. Tough emissions regulations and a focus on sustainability have boosted the European industrial boilers market.

Central and South America: This region is witnessing growth in industrialization and the food and beverage industry, particularly in Brazil, driving demand for industrial boilers.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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