The Industrial Boilers Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Industrial Boilers Market?
The Industrial Boilers market has seen a rising trend in the past few years. The market size has expanded from $15.26 billion in 2024 to $16.27 billion in 2025 with a compound annual growth rate of 6.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Industrial Boilers Industry?
The Industrial Boilers market is predicted to grow substantially in the coming years, projected to reach a value of $21.39 billion by 2029. The expected compound annual growth rate (CAGR) is 7.1%.
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What are the Key Growth Drivers Fueling the Industrial Boilers Market?
The key drivers in the industrial boilers market are:
• Rising demand for power generation
• Strict emission standards enforcement
• Integration of renewable energy
• Increasing investments in infrastructure
Global Market Segmentation: Identifying Major Industrial Boilers Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Industrial Boilers Market?
The key trends in the industrial boilers market are:
• The adoption of IoT and automation technologies is a significant emerging trend.
• The market is being shaped by strong focus on energy efficiency.
• There is a notable shift towards the use of biomass and renewable fuels.
• Customization and modular designs of boilers are also gaining traction.
Who Are the Top Competitors & Leading Players in the Industrial Boilers Market?
Major companies in the industrial boilers market are:
• 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
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the industrial boilers market in 2024
