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Industrial Boiler Market 2025: Industry Developments, Future Growth, Share & Industry Insights | Babcock & Wilcox Enterprises Inc, Mitsubishi Hitachi Power Systems, Ltd., Dongfang Electric Corporation Limited (DEC Ltd.), Harbin Electric Company Limited an
Industrial Boiler Market - DataM Intelligence
Top Market Players:
Top players are Babcock & Wilcox Enterprises, Inc., GE Power, Siemens AG, John Wood Group PLC, Bharat Heavy Electricals Limited (BHEL), Robert Bosch GmbH, Mitsubishi Hitachi Power Systems, Ltd., Dongfang Electric Corporation Limited (DEC Ltd.), Harbin Electric Company Limited and IHI Corporation.
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✅ United States - Industry Latest News:
• Thermogenics Expands in Southwest
Aug 22, 2024 - Thermogenics acquired Arizona-based High Desert Mechanical, enhancing its boiler service capabilities in the U.S. Southwest.
• Weil-McLain's 2025 Contractor Promotion
Jul 15, 2025 - Weil-McLain launched its "Home Field Advantage" promotion, offering incentives for contractors on new boiler installations.
✅ Japan - Industry Latest News:
• Tokyo's Hydrogen Co-Firing Boiler
Jul 25, 2025 - Tokyo introduced Japan's first hydrogen co-firing boiler for district heating, blending green hydrogen and city gas to decarbonize heat.
• EQT Acquires Fujitec
Jul 30, 2025 - European investment firm EQT announced plans to acquire Japanese elevator manufacturer Fujitec for $2.7 billion.
✅ South Korea - Industry Latest News:
• LG Acquires OSO
Jun 30, 2025 - LG Electronics acquired a 100% stake in Norway's OSO, a leading provider of water heating solutions, to enhance its HVAC portfolio.
• Robertshaw's Product Launch
Jul 15, 2025 - Robertshaw launched an expanded portfolio of HVAC components, including reversing valves and pressure controls, for enhanced system integration.
✅ Europe - Industry Latest News:
• Fujifilm's Electric Boiler in Netherlands
May 26, 2025 - Fujifilm introduced an electric boiler system at its Netherlands facility, aiming to reduce CO2 emissions by 26% by fiscal year 2025.
• Solenis and NCH Corporation Merger
Aug 2025 - Solenis announced plans to acquire NCH Corporation, creating a more diversified provider of water and hygiene solutions.
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Market Segmentation:
By Product (Steam Boiler, Hot Water Boiler, Industrial Heat Recovery & Waste Heat Boiler, Energy Efficient Boiler, Others)
By Type (Fire-Tube, Water-Tube)
By Fuel (Natural Gas & Biomass, Coal, Oil, Others)
By Horsepower (10-150 BHP, 151-300 BHP, 301-600 BHP)
By End-User (Petrochemical, Food & Beverage, Pharmaceutical, Power Generation, Textile, Others)
By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
Regional Market Insights
• North America: The East North Central region led with a 26.6% share in 2024, generating approximately USD 484.4 million in revenue. This is due to the concentration of food processing and packaging plants in the area.
• Asia-Pacific: China, India, and Japan are the primary markets, driven by their expansive manufacturing bases and high energy demands across industries such as chemicals, textiles, and steel.
• Europe: Germany is experiencing growth in the industrial boiler market, with increased investment in decarbonization and adoption of low-emission heating systems.
• MEA: Countries like Saudi Arabia and the UAE dominate the market, driven by demand from the petrochemical and energy sectors.
• Latin America: Brazil and Mexico lead the regional demand, supported by industries such as food processing, chemicals, and paper.
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Key Global Players in the Industrial Boiler Market:
The industrial boiler market is moderately consolidated, with several key players holding significant shares:
• Babcock & Wilcox Enterprises: A leading provider of energy and environmental technologies, known for its advanced boiler systems.
• Siemens AG: Offers a range of industrial boiler solutions, focusing on efficiency and sustainability.
• Mitsubishi Heavy Industries: Provides high-efficiency boilers for various industrial applications.
• Bosch Industriekessel GmbH: Specializes in industrial boiler systems, including water tube and fire tube boilers.
• Cleaver-Brooks: Known for its comprehensive line of boiler systems and services.
• Thermax Ltd.: An Indian company recognized for its energy-efficient and environmentally friendly boiler solutions
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