Global Industrial Boilers Market Report 2024

Industrial Boilers Global Market Report 2024 – By Boiler Type (Fire-Tube, Water-Tube), By Fuel (Natural Gas And Biomass, Coal, Oil, Other Fuels), By Boiler Horsepower (10-150 BHP, 51-300 BHP, 301-600 BHP), By Applications (Chemicals And Petrochemicals, Paper And Pulp, Food And Beverages, Metals And Mining, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

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Industrial Boilers Global Market Report 2023

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Industrial Boilers Market Definition And Segments

Industrial boilers refer to the closed vessels that heat water or create steam for industrial heating and humidification purposes using a fuel source or electricity. It generates steam or heats water for space and process heating for the generation of mechanical power and electricity.

The main types of industrial boilers are fire-tube and water-tube. A fire tube boiler refers to a type of boiler in which water flows outside (around) the tube and hot gases created by the combustion chamber are within the tube, and the subsequent boiler is used to drive the turbine blade and generate power. The various fuel types include natural gas and biomass, coal, oil, and others, with various boiler horsepower’s such as 10-150 bhp, 51-300 bhp, and 301-600 bhp. These are used in various applications such as chemicals and petrochemicals, paper and pulp, food and beverages, metals and mining and others.

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

The industrial boilers market size has grown strongly in recent years. It will grow from $14.38 billion in 2023 to $15.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to rapid industrialization, energy efficiency regulations, global economic trends, environmental concerns, government incentives, raw material prices.

The industrial boilers market size is expected to see strong growth in the next few years. It will grow to $20 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for power generation, stringent emission standards, renewable energy integration, globalization of industries, investments in infrastructure. Major trends in the forecast period include adoption of IoT and automation, focus on energy efficiency, stringent emission regulations, shift towards biomass and renewable fuels, customization and modular designs.

Increasing Power Generation Is Driving The Industrial Burner Market

Increasing power generation is expected to drive the Industrial boilers market going forward. The market for industrial boilers is expanding primarily because of increased power generation and electricity for large-scale power plant installations of industrial burners in boilers. According to the report by world energy & climate statistics, an application that delivers data by region with updated statistics and related information, in 2022, in The BRICS countries, where electricity consumption increased noticeably, especially in China (+9.7%), India (+4.8%), Russia (+6.4%), and Brazil (+9.5%) were the driving force behind the growth in global power generation (+8.5% in 2021). In China, most of the increase in power generation came from coal, wind, and solar energy. Therefore, increasing power generation will stimulate the growth of the industrial boilers market in the forecasting period.

Surge In Mining Activities Drives Growth In The Industrial Boilers Market

The growing mining activities are expected to propel the growth of the industrial boilers market going forward. Mining activities encompass the processes involved in extracting valuable minerals and resources from the earth's crust. Industrial boilers play a crucial role in various mining activities, providing essential heat and energy for diverse applications such as processing and smelting to heating, ventilation, and air conditioning (HVAC) systems. For instance, in February 2022, according to the United States Geological Survey, a US-based government agency, it is estimated that the US mine production of mineral commodities increased by $9.7 billion from $80.7 billion in 2020 to $90.4 billion in 2021. Therefore, the growing mining activities are driving the growth of the industrial boilers market.

Major companies operating in the industrial boilers market report 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, Harbin Electric Co. Ltd., Lennox, Baxi, Fulton, Worcester Bosch, Ideal Boilers, IBurnham Commercial .

Technological Advancements In The Industrial Boiler Market

Technological advancements are a key trend in gaining popularity in the industrial boiler market. Major companies operating in the industrial boiler market are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2021, Babcock Wanson Ltd., a UK-based producer of industrial boilers and burners, thermal oxidizers, and air treatment, developed the GOOD LOOP Concept – Nox Abatement technology to minimize Nox emissions in industrial boilers. The GOOD LOOP concept’s innovative technology is the direct injection of recycled exhaust gases into the combustion chamber by an extra, specialized fan. GOOD LOOP technology would allow it to cut Nox emissions from its two distinct gas boilers by 20 to 30 mg/Nm3.

Enhanced Efficiency And Clean Energy Solutions In The Industrial Boiler Market

Major companies operating in the industrial boiler market are focused on developing technologically advanced products, such as electric steam boilers, to gain a competitive edge in the market. An electric steam boiler is a type of boiler that utilizes electricity to generate steam and offers several advantages over traditional boilers, including cleanliness, efficiency, and ease of installation. For instance, in August 2022, Babcock Wanson Ltd., a UK-based manufacturer of industrial boilers and burners, launched the VAP EL 400V three-phase, 50Hz electric steam boiler. The VAP EL 400V is available in a range of capacities from 16 to 360 Kw and can be used to generate steam pressures of up to 8.5 barg. This new boiler is designed to provide a clean, efficient, and reliable source of steam for a wide range of industrial applications. The boiler is equipped with a compact and modular design that makes it easy to install and maintain. It offers high efficiency of up to 99%, which helps to reduce energy costs and includes over-pressure protection, low water level protection, and flame failure protection.

Babcock Wanson Strengthens Market Position With Strategic Acquisition Of Steam Plant Engineering Ltd.

In August 2021, Babcock Wanson Ltd. A UK-based provider of industrial boilers and burners, thermal oxidizers, and air treatment, acquired Steam Plant Engineering Ltd. for an undisclosed amount. With this acquisition, Babcock Wanson Ltd. enhanced its position in the UK, and it completely represents the Babcock Wanson Group's vision and ambitions to become the pan-European leader in industrial boiler products by combining the industry's leading competitors. Steam Plant Engineering Ltd. is a US-based engineering service specializes in industrial boiler servicing and steam generation for a variety of industrial plants.

North America was the largest region in the industrial boilers market in 2023. The regions covered in the industrial boilers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the industrial boilers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial boilers market consists of sales of heating components such as burners, combustion chambers, heat exchangers, control systems, supply lines, circulator pumps, exhaust stacks, and related products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The industrial boilers market research report is one of a series of new reports from The Business Research Company that provides industrial boilers market statistics, including industrial boilers industry global market size, regional shares, competitors with an industrial boilers market share, detailed industrial boilers market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial boilers industry. This industrial boilers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Industrial Boilers Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $15.37 billion
Revenue Forecast In 2033 $20 billion
Growth Rate CAGR of 6.8% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 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
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled 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; Harbin Electric Co. Ltd; Lennox; Baxi; Fulton; Worcester Bosch; Ideal Boilers; IBurnham Commercial
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Industrial Boilers Market Characteristics

    3. Industrial Boilers Market Trends And Strategies

    4. Industrial Boilers Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Industrial Boilers Market Size and Growth

    5.1. Global Industrial Boilers Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Industrial Boilers Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Industrial Boilers Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Industrial Boilers Market Segmentation

    6.1. Global Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Fire-Tube

    Water-Tube

    6.2. Global Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Natural Gas And Biomass

    Coal

    Oil

    Other Fuels

    6.3. Global Industrial Boilers Market, Segmentation By Boiler Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10-150 BHP

    51-300 BHP

    301-600 BHP

    6.4. Global Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Chemicals And Petrochemicals

    Paper And Pulp

    Food And Beverages

    Metals And Mining

    Other Applications

    7. Industrial Boilers Market Regional And Country Analysis

    7.1. Global Industrial Boilers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Industrial Boilers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Industrial Boilers Market  

    8.1. Asia-Pacific Industrial Boilers Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Industrial Boilers Market  

    9.1. China Industrial Boilers Market Overview  

    9.2. China Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Industrial Boilers Market  

    10.1. India Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Industrial Boilers Market  

    11.1. Japan Industrial Boilers Market Overview  

    11.2. Japan Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Industrial Boilers Market  

    12.1. Australia Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Industrial Boilers Market  

    13.1. Indonesia Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Industrial Boilers Market  

    14.1. South Korea Industrial Boilers Market Overview  

    14.2. South Korea Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Industrial Boilers Market  

    15.1. Western Europe Industrial Boilers Market Overview

    15.2. Western Europe Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Industrial Boilers Market  

    16.1. UK Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Industrial Boilers Market  

    17.1. Germany Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Industrial Boilers Market  

    18.5. France Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Industrial Boilers Market  

    19.9. Italy Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Industrial Boilers Market  

    20.13. Spain Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Industrial Boilers Market  

    21.1. Eastern Europe Industrial Boilers Market Overview

    21.2. Eastern Europe Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Industrial Boilers Market  

    22.1. Russia Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Industrial Boilers Market  

    23.1. North America Industrial Boilers Market Overview

    23.2. North America Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Industrial Boilers Market  

    24.1. USA Industrial Boilers Market Overview

    24.2. USA Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Industrial Boilers Market  

    25.1. Canada Industrial Boilers Market Overview

    25.2. Canada Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Industrial Boilers Market  

    26.1. South America Industrial Boilers Market Overview

    26.2. South America Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Industrial Boilers Market  

    27.1. Brazil Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Industrial Boilers Market  

    28.1. Middle East Industrial Boilers Market Overview

    28.2. Middle East Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Industrial Boilers Market  

    29.1. Africa Industrial Boilers Market Overview

    29.2. Africa Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Industrial Boilers Market Competitive Landscape And Company Profiles

    30.1. Industrial Boilers Market Competitive Landscape

    30.2. Industrial Boilers Market Company Profiles

    30.2.1. Siemens AG

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Thermax Limited

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Harbin Electric Corporation

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Bharat Heavy Electricals Limited

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. General Electric Company

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Industrial Boilers Market Competitive Benchmarking

    32. Global Industrial Boilers Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Industrial Boilers Market

    34. Industrial Boilers Market Future Outlook and Potential Analysis

    34.1 Industrial Boilers Market In 2028 - Countries Offering Most New Opportunities

    34.2 Industrial Boilers Market In 2028 - Segments Offering Most New Opportunities

    34.3 Industrial Boilers Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Industrial Boilers Market, Segmentation By Boiler Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Industrial Boilers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Industrial Boilers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Siemens AG Financial Performance
  • Table 76: Thermax Limited Financial Performance
  • Table 77: Harbin Electric Corporation Financial Performance
  • Table 78: Bharat Heavy Electricals Limited Financial Performance
  • Table 79: General Electric Company Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Industrial Boilers Market, Segmentation By Boiler Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Industrial Boilers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Industrial Boilers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Industrial Boilers Market, Segmentation By Boiler Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Industrial Boilers Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Industrial Boilers Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Siemens AG Financial Performance
  • Figure 76: Thermax Limited Financial Performance
  • Figure 77: Harbin Electric Corporation Financial Performance
  • Figure 78: Bharat Heavy Electricals Limited Financial Performance
  • Figure 79: General Electric Company Financial Performance
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Frequently Asked Questions

What is the definition of the industrial boilers market?

Industrial boilers refer to the closed vessels that heat water or create steam for industrial heating and humidification purposes using a fuel source or electricity. It generates steam or heats water for space and process heating for the generation of mechanical power and electricity. For further insights on the industrial boilers market, request a sample here

How will the industrial boilers market drivers and restraints affect the industrial boilers market dynamics? What forces will shape the industrial boilers industry going forward?

The industrial boilers market major growth driver - increasing power generation is driving the industrial burner market. For further insights on the industrial boilers market, request a sample here

What is the forecast market size or the forecast market value of the industrial boilers market ?

The industrial boilers market size has grown strongly in recent years. It will grow from $14.38 billion in 2023 to $15.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to rapid industrialization, energy efficiency regulations, global economic trends, environmental concerns, government incentives, raw material prices. The industrial boilers market size is expected to see strong growth in the next few years. It will grow to $20 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for power generation, stringent emission standards, renewable energy integration, globalization of industries, investments in infrastructure. Major trends in the forecast period include adoption of iot and automation, focus on energy efficiency, stringent emission regulations, shift towards biomass and renewable fuels, customization and modular designs. For further insights on the industrial boilers market, request a sample here

How is the industrial boilers market segmented?

The industrial boilers market 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 ApplicationsFor further insights on the industrial boilers market, request a sample here

Which region has the largest share of the industrial boilers market? What are the other regions covered in the report?

North America was the largest region in the industrial boilers market in 2023. The regions covered in the industrial boilers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the industrial boilers market, request a sample here.

Who are the major players in the industrial boilers market?

Major companies operating in the industrial boilers market report 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, Harbin Electric Co. Ltd, Lennox, Baxi, Fulton, Worcester Bosch, Ideal Boilers, IBurnham Commercial . For further insights on the industrial boilers market, request a sample here.

What are the key trends in the industrial boilers market?

Major trend in the industrial boilers market - technological advancements in the industrial boiler market. For further insights on the industrial boilers market, request a sample here.

What are the major opportunities in the industrial boilers market? What are the strategies for the industrial boilers market?

For detailed insights on the major opportunities and strategies in the industrial boilers market, request a sample here.

How does the industrial boilers market relate to the overall economy and other similar markets?

For detailed insights on industrial boilers market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the industrial boilers industry?

For detailed insights on the mergers and acquisitions in the industrial boilers industry, request a sample here.

What are the key dynamics influencing the industrial boilers market growth? SWOT analysis of the industrial boilers market.

For detailed insights on the key dynamics influencing the industrial boilers market growth and SWOT analysis of the industrial boilers industry, request a sample here.