Press release
Increasing Power Generation Is Driving The Industrial Burner Market: A Significant Driver Propelling The Industrial Boilers Market In 2025
Industrial Boilers Market Share
What Is the Expected Industrial Boilers Market Size During the Forecast Period?
The market size of industrial boilers has seen a robust growth in the recent past. The market, which stood at $15.26 billion in 2024, is anticipated to surge to $16.27 billion in 2025, marking a compound annual growth rate (CAGR) of 6.6%. Factors such as quick-paced industrialization, regulatory norms promoting energy efficiency, global economic movements, environmental apprehension, governmental incentives, and raw materials pricing are key contributors to the growth observed during the historic period.
In the coming years, the industrial boilers market is poised to experience significant expansion. It is projected to reach a value of $21.39 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.1%. The growth during the predicted period can be linked to an increase in demand for power generation, strict emission standards, the integration of renewable energy, industry globalization, and investments in infrastructure. The adoption of IoT and automation, an emphasis on energy efficiency, strict emission regulations, a shift towards biomass and renewable fuels, and a preference for customization and modular designs are all notable trends for the forecast period.
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What Are the Major Segments in the Industrial Boilers Market?
The industrial boilers market covered in this report is segmented -
1) By Boiler Type: Fire-Tube, Water-Tube
2) By Fuel: Natural Gas And Biomass, Coal, Oil, Other Fuels
3) By Boiler Horsepower: 10-150 BHP, 51-300 BHP, 301-600 BHP
4) By Applications: Chemicals And Petrochemicals, Paper And Pulp, Food And Beverages, Metals And Mining, Other Applications
Subsegments:
1) By Fire-Tube: Horizontal Fire-Tube Boilers, Vertical Fire-Tube Boilers, Packaged Fire-Tube Boilers
2) By Water-Tube: Industrial Water-Tube Boilers, Supercritical Water-Tube Boilers, High-Pressure Water-Tube Boilers
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What Are The Driving Industrial Boilers Market Evolution?
The Industrial boilers market is projected to grow, driven by escalating power generation. The increased production of electricity for large-scale power plants, involving the deployment of industrial burners in boilers, is significantly contributing to the expansion of the industrial boilers market. For example, as per the 2022 report from World Energy & Climate Statistics, an application supplying regional data with the latest statistics and relevant information, the BRICS countries witnessed considerable enhancement in electricity consumption. This was specifically pronounced in China by 9.7%, India by 4.8%, Russia by 6.4%, and Brazil by 9.5%. These countries played a pivotal role in the global power generation growth of 8.5% in 2021. In terms of China, the surge in power generation was mainly due to coal, wind, and solar energy. Hence, the rising power generation is set to fuel the advancement of the industrial boilers market in the forthcoming period.
Which Firms Dominate The Industrial Boilers Market Segments?
Major companies operating in the industrial boilers market include Siemens AG, Thermax Limited, Harbin Electric Corporation, Bharat Heavy Electricals Limited, General Electric Company, Dongfang Electric Corporation Ltd., Babcock & Wilcox Enterprises Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd., Cleaver-Brooks Inc., John Wood Group Plc., Doosan Heavy Industries & Construction Co. Ltd., Forbes Marshall Pvt. Ltd., Sofinter SPA, AC Boilers S.P.A, Alfa Laval AB, Bosch Industriekessel GmbH, Hurst Boiler & Welding Company Inc., Miura Co. Ltd., Zhengzhou Boiler (Group) Co. Ltd., Mitsui & Co Ltd, ABB Ltd, Viessmann Boilers, Fulton, Worcester Bosch, IBurnham Commercial
What Trends Are Expected to Dominate the Industrial Boilers Market in the Next 5 Years?
Main players in the industrial boilers market are turning their focus to the invention of innovative solutions for high-performance industrial electric boilers. The goal is to improve energy efficiency levels, curtail carbon emissions, and boost operational flexibility. High-efficiency industrial electric boilers are specifically manufactured to transform electrical energy into thermal energy with an exceptional energy efficiency score, often surpassing 98%. For example, Babcock Wanson, a UK business that specialises in the production of industrial boilers, introduced a new series of highly efficient industrial electric boilers in August 2022. This move aimed to enhance energy efficiency and minimise the environmental footprint seen in industrial procedures. Their new electric boilers are designed to work at superior efficiency levels in contrast to their traditional counterparts, resulting in the considerable reduction of energy expenses for users.
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Which Is The Largest Region In The Industrial Boilers Market?
North America was the largest region in the industrial boilers market in 2024. The regions covered in the industrial boilers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Boilers Market?
2. What is the CAGR expected in the Industrial Boilers Market?
3. What Are the Key Innovations Transforming the Industrial Boilers Industry?
4. Which Region Is Leading the Industrial Boilers Market?
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