Press release
Industrial Steam Generation Outlook worth 12,780.0 billion kg by 2030
The global [https://www.marketsandmarkets.com/Market-Reports/industrial-steam-generation-outlook-34650415.html#utm_source=abnewswire.com&utm_medium=Referral&utm_campaign=PaidPR]is projected to grow from estimated 9,856.7 billion kg in 2024 to 12,780.0 billion kg by 2030, at a CAGR of 4.5% during the forecast period. The Industrial Steam Generation Outlook is constantly growing due to the growing focus on enhancing energy efficiency, operational safety, and environmental sustainability across industries, as well as the rising demand from manufacturing, chemical processing, food & beverages. This growth is further supported by the increasing need for reliable and cost-effective heat sources to meet expanding production capacities and heightened awareness of carbon emission reduction and resource optimization. Technological advancements, such as high-efficiency boilers, waste heat recovery systems, and renewable-powered steam generation solutions, are becoming essential as industries face pressures from stricter emission norms, fluctuating fuel prices, and the need for operational resilience.
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By temperature, 150-250 degrees C segment to be second-largest segment in Industrial Steam Generation Outlook during forecast period
The 150-250 degrees C temperature segment is projected to hold the second-largest Industrial Steam Generation Outlook share during the forecast period, driven by its extensive application in medium-to-high pressure processes. Industries such as chemicals, pulp & paper, and pharmaceuticals rely on this temperature range for efficient heat transfer, sterilization, and process optimization. Its ability to support more energy-intensive operations makes it a preferred choice for continuous and large-scale industrial activities. Furthermore, adopting advanced boiler designs and heat recovery systems operating within this range enhances energy efficiency and reduces operational costs, contributing to the segment's strong market position.
North America to hold second-largest market share during forecast period
North America is expected to maintain a significant share of the Industrial Steam Generation Outlook during the forecast period, supported by a well-established industrial base in sectors such as chemicals and food & beverages. The region's focus on upgrading aging steam generation infrastructure with high-efficiency and low-emission systems is a key driver of growth. Stringent environmental regulations from agencies such as the US Environmental Protection Agency (EPA) are accelerating the adoption of cleaner and more sustainable steam technologies. Additionally, advancements in automation, IoT-enabled monitoring, and predictive maintenance are boosting operational efficiency and reducing downtime. The presence of leading boiler manufacturers and technology providers in the region further strengthens its market position.
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Key Market Players
Prominent companies in this market include Mitsubishi Heavy Industries, Ltd. (Japan), Babcock & Wilcox Enterprises, Inc. (United States), Bosch Industriekessel GmbH (Germany), Thermax Limited (India), Alfa Laval (Sweden), Doosan Enerbility (South Korea), Parker Boiler (United States), Forbes Marshall (India) which are the market leaders in the Industrial Steam Generation Outlook.
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