Industrial Boilers Market is Forecasted to Reach US$ 19.91 Billion in 2030, Says Stratview Research

The global industrial boilers market is projected to witness a growth rate of 3.4% annually from 2025 to 2030 with an anticipated size of US$ 19.91 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global industrial boilers market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 19.91 billion
Growth (CAGR): 3.4% during 2025-2030
Forecast Period: 2025-2030
Trend Period: 2019-2023
Base Year: 2024
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Industrial Boilers Market:

The global industrial boilers market is segmented based on boiler type, fuel type, end-use industry type, boiler horsepower type, and region.

Based on boiler type - The market is segmented into firetubes and watertubes. The fire-tube boiler type segment held the largest share of the market in 2024 and is expected to remain dominant during the forecast period. The wide use of fire-tube boilers due to their compact design and higher efficiency in operation is driving the growth of the segment.

Based on fuel type - the market is segmented as natural gas & biomass, oil, coal, and others. The natural gas & biomass segment dominates the market, as natural gas-powered industrial boilers are widely used in various end-use industries such as chemical, food, and metals & mining industries. The incessant replacement of non-renewable fuel, coal, with a renewable fuel, natural gas, is likely to drive the natural gas & biomass segment of the market during the forecast period.

Based on end-use industry type - The industrial boilers market is segmented as chemical, food, refineries, metals & mining, and others. The chemical industry segment dominates the market, whereas the food industry is expected to grow at the highest CAGR in the market during the forecast period. Increasing expansions by the food & beverage and chemical industries are fueling high growth in the market over the coming years.

Based on boiler horsepower type - the industrial boilers market is segmented as 10-150 BHP, 151-300 BHP, and 301-600 BHP. The 10-150 BHP segment dominates the market, as they are extensively used in most of the end-use industries.

To know the most attractive segments, click here:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to be the dominant as well as fastest-growing region in the market in the coming five years. This growth outlook is majorly attributed to the following-

• The highest growth of the region is attributed to rapid industrialization in the region's emerging economies, such as India and China.
• The increasing number of refineries among the various countries of the region is boosting the demand for industrial boilers in the Asia-Pacific region.

Industrial Boilers Market Drivers:

Some of the key drivers listed in the report are given below.

• The rapid growth in the industrial sector.
• The increasing demand for eco-friendly boilers in compliance with stringent emission regulations.

Top Companies in the Industrial Boilers Market:

Stratview Research has identified the following companies as the top market players.
• Babcock & Wilcox Enterprises, Inc.
• Dongfang Electric Corporation
• Siemens AG
• General Electric Company
• Amec Foster Wheeler plc
• Bharat Heavy Electricals Limited
• Harbin Electric Corporation
• IHI Corporation
• Mitsubishi Hitachi Power Systems, Ltd.
• Thermax Limited.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Industrial Boilers Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Water Tube Industrial Boiler Market: https://stratviewresearch.com/3133/water-tube-industrial-boiler-market.html
• Fine Tube Industrial Boiler Market: https://stratviewresearch.com/1140/industrial-boilers-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.