Industrial Boilers Market

Industrial Boilers Market by Fuel (Natural Gas, Coal, Oil), Boiler (Fire-Tube, Water Tube), Function (Hot Water, Steam), Boiler Horsepower (10-150 BHP, 151-300 BHP, 301-600 BHP), End-Use Industry, And Region - Global Forecast to 2030

Report Code: CH 4817 Jan, 2023, by marketsandmarkets.com

Updated on : October 10, 2024

Industrial Boilers Market

The global industrial boilers market was valued at USD 15.3 billion in 2022 and is projected to reach USD 19.8 billion by 2030, growing at 3.3% cagr from 2022 to 2030. Stringent government regulations to minimize carbon emissions and maximize renewable energy usage, increase power and food industry demand, and use clean technology in the chemical end-use industry drive the market. High demand for steam in various chemical, power generation, and food industries in the Asia Pacific is the key factor driving the market growth.

Industrial Boilers Market

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Recession impact

The global economy is struggling, with growth slowly fading away and inflation increasing. In 2022-2023, the three largest economies in the world (the United States, the European Union, and China) were predicted to experience a downturn due to slow growth and high inflation. The increased supply chain constraints and oil prices due to the Russia-Ukraine war have made things even worse. This has had a negative impact on the oil and gas fired boiler market, as well as the EU's Green Deal, which aims to reduce carbon emissions by 2050 across major economies in Europe.

Industrial Boilers Market Dynamics

Driver: Rapid industrialization & stringent government policies regarding carbon neutrality to drive market growth

The rapid industrialization and stringent government regulations concerning carbon emissions from coal-fired boilers fuel the growth of the industrial biomass boilers market. The increasing demand for industrial boilers across various industry verticals and government initiatives to develop large-capacity industrial boilers are spurring market growth. Moreover, government agencies provide incentives and subsidies for renewable energy and biomass boilers in various countries. The US government has planned to produce 20% of its electricity from renewable sources by 2030, driving the market for biomass boilers in the country. The European Union aims to achieve 32% of its energy from renewable sources by 2030, increasing the demand for efficient industrial boilers.

Restraint: Significant capital investment and high installation and maintenance cost

Industrial boilers require a high capital for purchase, installation, and maintenance. The maintenance cost of these boilers is high as they require routine repair and inspection for effective operation. The installation of industrial boilers is also high as it includes expenditure for site preparation, engineering, and labor. This cost may vary based on the location and complexity of the installation, making it one of the most crucial expenditures of the manufacturing plant. The installation cost is 15–20% of the total cost of industrial boilers. Thus, these factors restrain the growth of the Industrial Boilers Industry.

Opportunity: Adoption of biomass boilers to achieve low-carbon-emissions targets

The increasing demand for renewables drives the demand for biomass boilers. The market is primarily driven by the rise in sustainable energy, increased environmental concerns, and the benefits of biofuels over conventional alternatives. Manufacturers prefer renewable energy sources such as biomass boilers as they are eco-friendly and effectively reduce emissions. Biomass boilers are carbon neutral and provide economic benefits. They use wood as the primary fuel source, a sustainable and ecofriendly option. According to EHI, 40% of the wood produced annually in Europe is used for heating purposes in European residential and nonresidential buildings.

Several government policies in developed and developing countries that aim to increase reliance on renewables to reduce carbon emissions also contribute to market growth. Regulatory frameworks and government grants incentivize industries to use renewables, which drives biomass heating companies to switch to biomass more often. For instance, Saica, a Spain-based recycling company, recently installed a biomass boiler at its paper mill in Venizelos, France. This boiler uses all the excluded materials from paper products and recycled wood to generate steam, decreasing the on-site carbon dioxide emissions by 71% annually. Natural gas consumption is estimated to reduce by 89%.

Challenge: Stringent regulations and emission control

Developed countries’ governments have formulated strict emission standards for limiting the pollutants released into the environment, affecting industrial boiler efficiency, operating cost, and market growth. According to Environmental Protection Agency (EPA), the US government has set up standards for limiting the emissions of particulate matter, sulfur dioxide, and nitrogen oxides from industrial boilers. Additionally, International Energy Agency (IEA), through its Clean Energy Technology Program, encourages the usage of technologies such as flue gas desulfurization (FGD), selective catalytic reduction (SCR), and fabric filters to minimize the emissions from industrial boilers. Furthermore, the need to improve efficiency and steam quality to meet market demand is one of the key challenges that industrial boiler manufacturers face.

Industrial Boilers Market Ecosystem

Industrial Boilers Market Ecosystem

Water-tube boilers to hold significant potential in the industrial boilers market.

The Water-tube Boiler segment is the fastest-growing application type of industrial boiler. In terms of value, it is projected to register a CAGR of 3.7% between 2022 and 2030.The water-tube boilers type is the fastest growing industrial boilers market. These can work at higher temperatures and pressures without unduly increasing the wall thickness. However, fluidized-bed combustion boilers (FCB) has emerged as a viable alternative and has significant advantages over conventional firing systems and offers multiple benefits, including compact boiler design, fuel flexibility, higher combustion efficiency and reduced emission of toxic pollutants such as SOx and NOx.

Hot water boilers to be fastest growing segment in function type in industrial boilers market

The hot water boilers segment is the fastest-growing function type of industrial boiler. In terms of value, it is projected to register a CAGR of 3.8% between 2022 and 2030. Hot water boilers are used in residential, commercial, and institutional buildings. They offer high efficiency, low maintenance, and good durability.

Oil fired boilers segment in fuel type to register moderate growth during the forecast period.

Oil-fired industrial boilers mostly use diesel or furnace oil as the burning fuel source to produce heat energy. It is a popular choice in countries with limited access to natural gas. It works similarly to a gas boiler and can achieve the same efficiency. The major difference between oil and gas-fired boilers is the transportation of gas to the burner, requiring a gas train comprising gas regulators that regulate pressure and strainers to remove dirt from gas. No such valves are required in oil-fired boilers.

301-600 segment in boiler horsepower to register highest CAGR during the forecast period.

Mid- to large-sized industrial boilers range from 301 BHP to 600 BHP. They can operate efficiently at high pressure and temperature. These boilers are installed for their high quality and quantity of steam used in manufacturing and operational activities. They also generate power from the thermal energy produced, which is used to run the plants. Rising demand for high-pressure and high-temperature steam output for production and operational activities is projected to drive the growth of the 301–600 BHP segment during the forecast period.

Power Generation end-use industry to register highest CAGR during the forecast period.

The power generation segment is the fastest-growing end-user segment of industrial boilers. It is projected to register a CAGR of 4.2% between 2022 and 2030, in terms of value. The major factor driving this segment’s demand for industrial boilers is the requirement for high-pressure and high-temperature steam in electricity production. The boiler design is crucial in the power industry as it directly relates to the power plants’ efficiency. Better and advanced design means a lower fuel requirement, lower costs, and lower emission of pollutants.

Asia Pacific to register highest CAGR during the forecast period.

Asia Pacific is projected to be the fastest-growing industrial boilers market in terms of value, growing at a CAGR of 4.1% during the forecast period. The booming petrochemical and chemical industries in developing economies, particularly India and China, are expected to increase the demand for industrial boilers in the coming years. Key manufacturers in the Asia Pacific, in the region are trying to reduce environmental impact by switching to gas boilers. These machines are five times more efficient than traditional coal plants, resulting in a 65% reduction in CO2 emissions. Further cuts can be made by using clean fuels such as hydrogen, already used in some plants. These companies are committed to achieving 100% hydrogen firing by 2025. Switching to gas-based boilers may revolutionize the power supply in the Asia Pacific. Many countries, such as Vietnam and Indonesia, still invest in new coal plants to keep up with growing demand. However, natural gas, which produces emissions, will be a valuable transitional fuel for the coming years, as evidenced by numerous regional underdevelopment gas infrastructure projects.

Industrial Boilers Market by Region

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Industrial Boilers Market Players

Major players operating in the Industrial Boilers market includes Babcock & Wilcox Enterprises INC (US), Siemens AG (Germany), Dongfang Electric Corporation Limited (DEC LTD) (China), John Wood Group PLC (UK), Mitsubishi Power (Japan), Sofinter Group (Italy), Thermax Limited (India), Bharat Heavy Electricals Limited (BHEL) (India), IHI Corporation (Japan), Harbin Electric Company Limited (China), Alfa Laval AB (Sweden), Andritz AG (Austria), Cleaver Brooks Inc. (US), Robert Bosch GMBH (Germany) and Byworth Boilers Limited (UK)

Read More: Industrial Boilers Companies

Industrial Boilers Market Report Scope

Report Metric

Details

Years considered for the study

2018–2030

Base year

2021

Forecast Period

2022–2030

Units considered

Value (USD Million/USD Billion), Volume (‘000 Units)

Segments

By fuel type, By boiler type, By function type, By boiler horsepower, By end use, and By Region

Regions

North America, Asia Pacific, Europe, South America, and the Middle East & Africa

Companies

Babcock & Wilcox Enterprises INC (US), Siemens AG (Germany), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC LTD) (China), Mitsubishi Power (Japan), Thermax Limited (India), Sofinter Group (Italy), Bharat Heavy Electricals Limited (BHEL) (India), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), Andritz AG (Austria), Robert Bosch GMBH (Germany), Cleaver Brooks Inc. (US), and Byworth Boilers Limited (UK). Total 25 major players covered

This research report categorizes the industrial boilers market is segmented by fuel type, boiler type, function type, boiler horsepower, end use, and By Region.

Industrial Boilers Market based on fuel type:
  • Natural gas
  • Oil
  • Coal
  • Others (biomass, nuclear)
Industrial Boilers Market based on function type:
  • Steam
  • Hot water
Industrial Boilers Market based on boiler type:
  • Fire-tube
  • Water-tube
  • Others
Industrial Boilers Market based on boiler horsepower:
  • 10-150 BHP
  • 151-300 BHP
  • 301-600 BHP
  • Above 600 BHP
Industrial Boilers Market based on boiler horsepower:
  • 10-150 BHP
  • 151-300 BHP
  • 301-600 BHP
  • Above 600 BHP
Industrial Boilers Market based on end use industry:
  • Chemicals & Petrochemicals
  • Metal & mining
  • Food
  • Paper & pulp
  • Power generation
  • Others
Industrial Boilers Market based on the region:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In January 2023, Babcock & Wilcox Enterprises, Inc. partnered with Fidelis, an energy transition company driving decarbonization through infrastructure development and investments in renewable fuels and low or negative-carbon-intensity products, intending to produce clean, zero-carbon-intensity hydrogen.
  • In December 2022, joint venture took place between Mitsubishi Heavy Industries, the parent company of Mitsubishi Power, and Mitsubishi Electric to strengthen their footprints in the power generation segment.
  • In December 2022, the agreement between Bharat Heavy Electricals Limited (BHEL) and Sumitomo SHI FW, will strengthen BHEL’S capabilities in catering to power plant requirements and meeting the emission norms. It enhances the sales and manufacturing of subcritical and supercritical boilers in India.
  • In July 2022, Bosch introduced an electric steam boiler for sustainable steam and heat supply. It is 100% electric and fully carbon neutral. The output ranges from 350 to 7500 kilograms of steam per hour

Frequently Asked Questions (FAQ):

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INTRODUCTION
24
RESEARCH METHODOLOGY
29
EXECUTIVE SUMMARY
39
PREMIUM INSIGHTS
43
MARKET OVERVIEW
47
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Government policies to increase requirements for industrial boilers
    - Increasing demand from power and food & beverage industries
    - High demand for clean technology from chemical industries
    RESTRAINTS
    - Significant capital investment and high installation and maintenance cost
    OPPORTUNITIES
    - Adoption of biomass boilers to achieve low carbon emission targets
    - Replacement of aging boilers and adoption of supercritical and ultra-supercritical boilers
    - Increasing demand for compact designs and lean operations
    CHALLENGES
    - Stringent regulations and emission control
    - Increasing energy prices
  • 5.3 PATENT ANALYSIS
    METHODOLOGY
    GLOBAL PATENT ANALYSIS
    PUBLICATION TRENDS
    INSIGHTS
    LEGAL STATUS
    JURISDICTION-WISE PATENT ANALYSIS
    TOP COMPANIES/APPLICANTS
    LEADING PATENT OWNERS (US)
  • 5.4 ECOSYSTEM MAPPING
  • 5.5 VALUE CHAIN ANALYSIS
    RAW MATERIAL SUPPLIERS
    MANUFACTURERS
    DISTRIBUTORS
    END USERS
  • 5.6 TECHNOLOGY ANALYSIS
    LOW NOX BOILERS
    INDUSTRIAL INTERNET OF THINGS
    REMOTE MONITORING
  • 5.7 PRICING ANALYSIS
    AVERAGE SELLING PRICE BY REGION
    AVERAGE SELLING PRICE BY KEY PLAYERS
  • 5.8 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    THREAT OF NEW ENTRANTS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 TRADE ANALYSIS
    IMPORT–EXPORT SCENARIO OF INDUSTRIAL BOILERS MARKET
  • 5.10 MACROECONOMIC INDICATORS
    GDP TRENDS AND FORECASTS
  • 5.11 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.12 KEY CONFERENCES AND EVENTS, 2023–2024
  • 5.13 RECESSION IMPACT
  • 5.14 TARIFF AND REGULATIONS
    NORTH AMERICA
    EUROPE
    ASIA
  • 5.15 CASE STUDY ANALYSIS
    BYWORTH’S FELLSMAN HOT WATER BOILER FOR SHEFFIELD WEDNESDAY FOOTBALL CLUB
    THERMAX’S CPFD FOR GOVIND DAIRY PHALTAN
INDUSTRIAL BOILERS MARKET, BY FUEL TYPE
70
  • 6.1 INTRODUCTION
  • 6.2 NATURAL GAS
    REGULATORY GUIDELINES CONCERNING CO2 EMISSIONS TO DRIVE MARKET
  • 6.3 COAL
    ASIA PACIFIC TO DOMINATE COAL-FIRED INDUSTRIAL BOILERS MARKET
  • 6.4 OIL
    HIGH AVAILABILITY OF CRUDE OIL EXPECTED TO FUEL MARKET GROWTH
  • 6.5 OTHERS
INDUSTRIAL BOILERS MARKET, BY BOILER TYPE
75
  • 7.1 INTRODUCTION
  • 7.2 FIRE-TUBE
    FUEL-EFFICIENT FIRE-TUBE BOILERS EASIER TO OPERATE
  • 7.3 WATER-TUBE
    WATER-TUBE BOILERS TO BE HIGHLY EFFICACIOUS
  • 7.4 OTHERS
INDUSTRIAL BOILERS MARKET, BY FUNCTION
79
  • 8.1 INTRODUCTION
  • 8.2 HOT WATER
    HIGH-TEMPERATURE HOT WATER BOILERS IDEAL FOR LARGER SYSTEMS
  • 8.3 STEAM
    STEAM BOILERS PREFERRED IN TURBINE AND POWER INDUSTRIES
INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER
82
  • 9.1 INTRODUCTION
  • 9.2 10–150 BHP
    ASIA PACIFIC TO HOLD LARGEST MARKET SHARE FOR 10–150 BHP INDUSTRIAL BOILERS
  • 9.3 151–300 BHP
    PRECISE PRESSURE AND TEMPERATURE REQUIREMENT ACROSS END-USE INDUSTRIES TO FUEL MARKET GROWTH
  • 9.4 301–600 BHP
    INCREASING DEMAND FOR HIGH-PRESSURE STEAM OUTPUT TO PROPEL SEGMENT GROWTH
INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY
86
  • 10.1 INTRODUCTION
  • 10.2 CHEMICALS & PETROCHEMICALS
    HIGH DEMAND FOR BULK CHEMICALS IN EMERGING ECONOMIES TO PROPEL SEGMENT GROWTH
  • 10.3 FOOD
    INCREASING DEMAND FOR PACKAGED FOODS TO FUEL SEGMENT GROWTH
  • 10.4 PULP & PAPER
    HIGH DEMAND FOR PAPER IN ASIA PACIFIC TO BOOST INDUSTRIAL GROWTH
  • 10.5 METALS & MINING
    INCREASING DEMAND FOR STEEL AND MINING INDUSTRIES TO DRIVE MARKET
  • 10.6 POWER GENERATION
    POWER GENERATION SEGMENT TO ENCOUNTER RAPID GROWTH DURING FORECAST PERIOD
  • 10.7 OTHERS
REGIONAL ANALYSIS
92
  • 11.1 INTRODUCTION
  • 11.2 ASIA PACIFIC
    CHINA
    - Replacing coal-fired boilers by gas-fired boilers to fuel segment growth
    INDIA
    - Increased demand from chemical industry to drive market
    JAPAN
    - Increasing use of boilers in food & chemical end-use industry to propel market
    SOUTH KOREA
    - Replacing coal-fired plants with LNG-based plants to achieve carbon neutrality
    MALAYSIA
    - Rising demand for food products to propel market
    AUSTRALIA
    - Adoption of renewable resources to meet electricity requirement
    REST OF ASIA PACIFIC
    - Growth in chemical industries to drive market
  • 11.3 EUROPE
    GERMANY
    - Advancements in high-value fine chemicals to propel market
    UK
    - Reducing carbon emissions to boost demand for hydrogen-fired industrial boilers
    FRANCE
    - Rising demand from chemical industry to drive market
    ITALY
    - Growth of food industries to increase demand for industrial boilers
    TURKEY
    - Demand for processed food products to drive market
    EASTERN EUROPE
    - Growing demand for industrial boilers in food end-use industry to fuel market growth
    REST OF EUROPE
    - Increasing demand for chemicals and food products to propel market
  • 11.4 NORTH AMERICA
    US
    - Adoption of natural gas-fired boilers to meet clean energy requirement
    CANADA
    - Significant presence of food processing companies to drive market
    MEXICO
    - Rising demand from chemical segment to propel market
  • 11.5 MIDDLE EAST & AFRICA
    SAUDI ARABIA
    - Thermal energy consumption in chemical industries to fuel market growth
    UAE
    - Increasing demand for basic chemicals, polymers, and fertilizers to fuel segment growth
    EGYPT
    - Production of domestic fossil gas to reduce carbon consumption
    REST OF MIDDLE EAST & AFRICA
    - Increasing demand for industrial chemicals and fertilizers to fuel market growth
  • 11.6 SOUTH AMERICA
    BRAZIL
    - Extensive use of natural gas and biomass to drive market
    ARGENTINA
    - Adoption of renewable energy to boost market
    REST OF SOUTH AMERICA
    - Expansion of food end-use industries to fuel market growth
COMPETITIVE LANDSCAPE
157
  • 12.1 OVERVIEW
  • 12.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022
  • 12.3 MARKET SHARE ANALYSIS
  • 12.4 REVENUE ANALYSIS OF TOP PLAYERS
  • 12.5 MARKET EVALUATION MATRIX
  • 12.6 COMPANY EVALUATION MATRIX, 2022 (TIER 1)
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
  • 12.7 STARTUP AND SME EVALUATION MATRIX
    RESPONSIVE COMPANIES
    STARTING BLOCKS
    PROGRESSIVE COMPANIES
    DYNAMIC COMPANIES
  • 12.8 COMPANY END-USE INDUSTRY FOOTPRINT
  • 12.9 COMPANY REGION FOOTPRINT
  • 12.10 STRENGTH OF PRODUCT PORTFOLIO
  • 12.11 BUSINESS STRATEGY EXCELLENCE
  • 12.12 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    OTHER DEVELOPMENTS
COMPANY PROFILES
174
  • 13.1 MAJOR PLAYERS
    BABCOCK & WILCOX ENTERPRISES, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SIEMENS AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    JOHN WOOD PLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    DONGFANG ELECTRIC CORPORATION LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ROBERT BOSCH GMBH
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    MITSUBISHI POWER
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    THERMAX LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SOFINTER GROUP
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    BHARAT HEAVY ELECTRICALS LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CLEAVER-BROOKS, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    BYWORTH BOILERS LTD.
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    ANDRITZ AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HARBIN ELECTRIC COMPANY LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    ALFA LAVAL AB
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    IHI CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
  • 13.2 OTHER PLAYERS
    BRYAN STEAM, LLC
    COCHRAN LTD.
    FORBES MARSHALL PRIVATE LIMITED
    THE FULTON COMPANIES
    VAPOR POWER INTERNATIONAL, LLC
    SUPERIOR BOILER WORKS, INC.
    HURST BOILER & WELDING COMPANY, INC.
    JOHNSTON BOILER COMPANY
    PARKER BOILER COMPANY
    RENTECH BOILER SYSTEMS, INC.
APPENDIX
221
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 INDUSTRIAL BOILERS: DEFINITION
  • TABLE 2 INDUSTRIAL BOILERS MARKET: INCLUSIONS AND EXCLUSIONS
  • TABLE 3 PATENT COUNT
  • TABLE 4 TOP 10 PATENT OWNERS, 2012–2022
  • TABLE 5 INDUSTRIAL BOILERS: ECOSYSTEM
  • TABLE 6 KEY PLAYERS: AVERAGE SELLING PRICE (USD ‘000/UNITS)
  • TABLE 7 INDUSTRIAL BOILERS: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 8 IMPORT TRADE DATA FOR INDUSTRIAL BOILERS
  • TABLE 9 EXPORT TRADE DATA FOR INDUSTRIAL BOILERS
  • TABLE 10 PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 2018–2025
  • TABLE 11 INDUSTRIAL BOILERS MARKET: CONFERENCES AND EVENTS
  • TABLE 12 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
  • TABLE 13 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)
  • TABLE 14 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (‘000 UNITS)
  • TABLE 15 INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (‘000 UNITS)
  • TABLE 16 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)
  • TABLE 17 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)
  • TABLE 18 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (‘000 UNITS)
  • TABLE 19 INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (‘000 UNITS)
  • TABLE 20 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 21 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 22 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (‘000 UNITS)
  • TABLE 23 INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (‘000 UNITS)
  • TABLE 24 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)
  • TABLE 25 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)
  • TABLE 26 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (‘000 UNITS)
  • TABLE 27 INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (‘000 UNITS)
  • TABLE 28 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 29 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 30 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (‘000 UNITS)
  • TABLE 31 INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (‘000 UNITS)
  • TABLE 32 INDUSTRIAL BOILERS MARKET, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 33 INDUSTRIAL BOILERS MARKET, BY REGION, 2022–2030 (USD MILLION)
  • TABLE 34 INDUSTRIAL BOILERS MARKET, BY REGION, 2018–2021 (‘000 UNITS)
  • TABLE 35 INDUSTRIAL BOILERS MARKET, BY REGION, 2022–2030 (‘000 UNITS)
  • TABLE 36 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
  • TABLE 37 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
  • TABLE 38 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)
  • TABLE 39 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)
  • TABLE 40 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)
  • TABLE 41 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)
  • TABLE 42 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
  • TABLE 43 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)
  • TABLE 44 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 45 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 46 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)
  • TABLE 47 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)
  • TABLE 48 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 49 ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 50 CHINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 51 CHINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 52 CHINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 53 CHINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 54 INDIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 55 INDIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 56 INDIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 57 INDIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 58 JAPAN: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 59 JAPAN: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 60 JAPAN: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 61 JAPAN: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 62 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 63 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 64 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 65 SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 66 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 67 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 68 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 69 MALAYSIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 70 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 71 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 72 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 73 AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 74 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 75 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 76 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 77 REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 78 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
  • TABLE 79 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
  • TABLE 80 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)
  • TABLE 81 EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)
  • TABLE 82 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)
  • TABLE 83 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)
  • TABLE 84 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
  • TABLE 85 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)
  • TABLE 86 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 87 EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 88 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)
  • TABLE 89 EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)
  • TABLE 90 EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 91 EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 92 GERMANY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 93 GERMANY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 94 GERMANY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 95 GERMANY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 96 UK: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 97 UK: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 98 UK: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 99 UK: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 100 FRANCE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 101 FRANCE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 102 FRANCE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 103 FRANCE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 104 ITALY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 105 ITALY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 106 ITALY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 107 ITALY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 108 TURKEY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 109 TURKEY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 110 TURKEY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 111 TURKEY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 112 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 113 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 114 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 115 EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 116 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 117 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 118 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 119 REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 120 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
  • TABLE 121 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
  • TABLE 122 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)
  • TABLE 123 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)
  • TABLE 124 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)
  • TABLE 125 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)
  • TABLE 126 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
  • TABLE 127 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)
  • TABLE 128 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 129 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 130 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)
  • TABLE 131 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)
  • TABLE 132 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 133 NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 134 US: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 135 US: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 136 US: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 137 US: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 138 CANADA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 139 CANADA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 140 CANADA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 141 CANADA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 142 MEXICO: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 143 MEXICO: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 144 MEXICO: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 145 MEXICO: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 146 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
  • TABLE 147 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
  • TABLE 148 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)
  • TABLE 149 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)
  • TABLE 150 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)
  • TABLE 151 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)
  • TABLE 152 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
  • TABLE 153 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)
  • TABLE 154 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 155 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 156 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)
  • TABLE 157 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)
  • TABLE 158 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 159 MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 160 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 161 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 162 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 163 SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 164 UAE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 165 UAE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 166 UAE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 167 UAE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 168 EGYPT: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 169 EGYPT: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 170 EGYPT: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 171 EGYPT: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 172 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 173 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 174 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 175 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 176 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
  • TABLE 177 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
  • TABLE 178 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)
  • TABLE 179 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)
  • TABLE 180 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)
  • TABLE 181 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)
  • TABLE 182 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)
  • TABLE 183 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)
  • TABLE 184 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 185 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 186 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)
  • TABLE 187 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)
  • TABLE 188 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 189 SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 190 BRAZIL: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 191 BRAZIL: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 192 BRAZIL: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 193 BRAZIL: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 194 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 195 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 196 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 197 ARGENTINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 198 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)
  • TABLE 199 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)
  • TABLE 200 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
  • TABLE 201 REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)
  • TABLE 202 INDUSTRIAL BOILERS MARKET: DEGREE OF COMPETITION
  • TABLE 203 INDUSTRIAL BOILERS MARKET: REVENUE ANALYSIS (USD)
  • TABLE 204 MARKET EVALUATION MATRIX
  • TABLE 205 PRODUCT LAUNCHES, 2018–2022
  • TABLE 206 DEALS, 2018–2022
  • TABLE 207 OTHER DEVELOPMENTS, 2018–2021
  • TABLE 208 BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY OVERVIEW
  • TABLE 209 BABCOCK & WILCOX ENTERPRISES, INC.: DEALS
  • TABLE 210 SIEMENS AG: COMPANY OVERVIEW
  • TABLE 211 SIEMENS AG: PRODUCT OFFERINGS
  • TABLE 212 SIEMENS AG: DEALS
  • TABLE 213 JOHN WOOD GROUP PLC: COMPANY OVERVIEW
  • TABLE 214 JOHN WOOD GROUP PLC: PRODUCT OFFERINGS
  • TABLE 215 JOHN WOOD GROUP PLC: DEALS
  • TABLE 216 DONGFANG ELECTRIC CORPORATION LIMITED: COMPANY OVERVIEW
  • TABLE 217 DONGFANG ELECTRIC CORPORATION LIMITED: PRODUCT OFFERINGS
  • TABLE 218 DONGFANG ELECTRIC CORPORATION LIMITED: DEALS
  • TABLE 219 ROBERT BOSCH GMBH: COMPANY OVERVIEW
  • TABLE 220 ROBERT BOSCH GMBH: PRODUCTS OFFERED
  • TABLE 221 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
  • TABLE 222 MITSUBISHI POWER: COMPANY OVERVIEW
  • TABLE 223 MITSUBISHI POWER: PRODUCT OFFERINGS
  • TABLE 224 MITSUBISHI POWER: PRODUCT LAUNCHES
  • TABLE 225 MITSUBISHI POWER: DEALS
  • TABLE 226 THERMAX LIMITED: COMPANY OVERVIEW
  • TABLE 227 THERMAX LIMITED: PRODUCT OFFERINGS
  • TABLE 228 THERMAX LIMITED: DEALS
  • TABLE 229 SOFINTER GROUP: COMPANY OVERVIEW
  • TABLE 230 SOFINTER GROUP: PRODUCT OFFERINGS
  • TABLE 231 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY OVERVIEW
  • TABLE 232 BHARAT HEAVY ELECTRICALS LIMITED: PRODUCT OFFERINGS
  • TABLE 233 BHARAT HEAVY ELECTRICALS LIMITED: DEALS
  • TABLE 234 CLEAVER-BROOKS, INC.: COMPANY OVERVIEW
  • TABLE 235 CLEAVER-BROOKS, INC.: PRODUCTS OFFERED
  • TABLE 236 CLEAVER-BROOKS, INC.: PRODUCT LAUNCHES
  • TABLE 237 BYWORTH BOILERS LTD.: COMPANY OVERVIEW
  • TABLE 238 BYWORTH BOILERS LTD.: PRODUCTS OFFERED
  • TABLE 239 ANDRITZ AG: COMPANY OVERVIEW
  • TABLE 240 ANDRITZ AG: PRODUCT OFFERINGS
  • TABLE 242 HARBIN ELECTRIC COMPANY LIMITED: COMPANY OVERVIEW
  • TABLE 243 HARBIN ELECTRIC COMPANY LIMITED: PRODUCT OFFERINGS
  • TABLE 244 ALFA LAVAL AB: COMPANY OVERVIEW
  • TABLE 245 ALFA LAVAL AB: PRODUCT OFFERINGS
  • TABLE 246 IHI CORPORATION: COMPANY OVERVIEW
  • TABLE 247 IHI CORPORATION: PRODUCT OFFERINGS
  • TABLE 249 IHI CORPORATION: OTHER DEVELOPMENTS
LIST OF FIGURES
 
  • FIGURE 1 INDUSTRIAL BOILERS: MARKET SEGMENTATION
  • FIGURE 2 INDUSTRIAL BOILERS MARKET: RESEARCH DESIGN
  • FIGURE 3 MARKET SIZE ESTIMATION APPROACH
  • FIGURE 4 BOTTOM-UP APPROACH
  • FIGURE 5 TOP-DOWN APPROACH
  • FIGURE 6 INDUSTRIAL BOILERS MARKET: DATA TRIANGULATION
  • FIGURE 7 INDUSTRIAL BOILERS MARKET: FACTOR ANALYSIS
  • FIGURE 8 COAL SEGMENT TO REGISTER SLUGGISH MARKET GROWTH DURING FORECAST PERIOD
  • FIGURE 9 FIRE-TUBE TO DOMINATE BOILER TYPE DURING FORECAST PERIOD
  • FIGURE 10 STEAM BOILERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 11 10–150 BHP SEGMENT TO DOMINATE DURING FORECAST PERIOD
  • FIGURE 12 CHEMICALS & PETROCHEMICALS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 13 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE
  • FIGURE 14 ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 15 STEAM BOILERS TO BE FASTEST GROWING FUNCTION TYPE DURING FORECAST PERIOD
  • FIGURE 16 WATER-TUBE BOILERS TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 17 COAL-FUELED BOILERS TO REGISTER SLUGGISH GROWTH DURING FORECAST PERIOD
  • FIGURE 18 ABOVE 600 BHP TO BE FASTEST GROWING BOILER HORSEPOWER TYPE DURING FORECAST PERIOD
  • FIGURE 19 POWER GENERATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 20 CHEMICALS & PETROCHEMICALS INDUSTRY AND CHINA ACCOUNTED FOR LARGEST MARKET SHARE
  • FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL BOILERS MARKET
  • FIGURE 22 ENERGY PRODUCED FROM BIOMASS (2005–2019) (TWH)
  • FIGURE 23 TOTAL NUMBER OF PATENTS
  • FIGURE 24 TOTAL NUMBER OF PATENTS IN LAST 10 YEARS
  • FIGURE 25 PATENT ANALYSIS, BY LEGAL STATUS
  • FIGURE 26 TOP JURISDICTIONS FOR INDUSTRIAL BOILER PATENTS
  • FIGURE 27 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
  • FIGURE 28 INDUSTRIAL BOILERS ECOSYSTEM
  • FIGURE 29 VALUE CHAIN ANALYSIS
  • FIGURE 30 INDUSTRIAL BOILERS PRICES IN DIFFERENT REGIONS, 2021
  • FIGURE 31 AVERAGE SELLING PRICE OF KEY PLAYERS FOR TOP THREE END-USE SEGMENTS
  • FIGURE 32 INDUSTRIAL BOILERS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 33 IMPACT OF TRENDS AND DISRUPTIONS ON CUSTOMERS’ BUSINESSES
  • FIGURE 34 NATURAL GAS SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 35 FIRE-TUBE BOILERS SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD
  • FIGURE 36 STEAM BOILERS TO DOMINATE DURING FORECAST PERIOD
  • FIGURE 37 10–150 BHP SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD
  • FIGURE 38 CHEMICALS & PETROCHEMICALS SEGMENT PROJECTED TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 39 INDUSTRIAL BOILERS MARKET IN INDIA PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 40 ASIA PACIFIC INDUSTRIAL BOILERS MARKET SNAPSHOT
  • FIGURE 41 EUROPE INDUSTRIAL BOILERS MARKET SNAPSHOT
  • FIGURE 42 COMPANIES ADOPTED ACQUISITIONS AND EXPANSIONS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022
  • FIGURE 43 RANKING OF TOP FIVE PLAYERS IN INDUSTRIAL BOILERS MARKET, 2022
  • FIGURE 44 INDUSTRIAL BOILERS MARKET SHARE, BY COMPANY, 2021
  • FIGURE 45 INDUSTRIAL BOILERS MARKET: COMPANY EVALUATION MATRIX, 2022
  • FIGURE 46 INDUSTRIAL BOILERS MARKET: STARTUPS AND SMES MATRIX, 2022
  • FIGURE 47 BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY SNAPSHOT
  • FIGURE 48 SIEMENS AG: COMPANY SNAPSHOT
  • FIGURE 49 JOHN WOOD GROUP PLC: COMPANY SNAPSHOT
  • FIGURE 50 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
  • FIGURE 51 THERMAX LIMITED: COMPANY SNAPSHOT
  • FIGURE 52 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT
  • FIGURE 53 ANDRITZ AG: COMPANY SNAPSHOT
  • FIGURE 54 ALFA LAVAL AB: COMPANY SNAPSHOT
  • FIGURE 55 IHI CORPORATION: COMPANY SNAPSHOT

The study involved four major activities to estimate the current market size of industrial boilers market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources such as Factiva, Zauba, Hoovers, and Bloomberg BusinessWeek were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulations form agencies such as European Heating Boilers Association, Industrial & commercial heating equipment, and others.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the Industrial Boilers Industry scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (Industrial boilers manufacturers) and supply-side (end-product manufacturers, buyers, and distributors) players across four major regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America. Approximately 70% and 30% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents:

Industrial Boilers Market Size, and Share

Notes: Companies are classified based on their revenue–Tier 1 = >USD 1 billion, Tier 2 = USD 500 million– USD 1 billion, and Tier 3 = < USD 500 million.

 Other designations include sales representatives, production heads, and technicians.

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Market Size Estimation:

Both the top-down and bottom-up approaches were used to estimate and validate the total size of industrial boilers market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Global Industrial Boilers Market Size: Bottom-Up Approach

Industrial Boilers Market Size, and Share

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Data Triangulation:

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives:

  • To analyse and forecast the Industrial boilers market size, terms of value, and volume.
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To define, describe, and forecast the market by fuel type, boiler type, function type, boiler horsepower, by end use, and by region.
  • To forecast the size of the market with respect to five regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa, along with their countries
  • To strategically analyze micro markets with respect to individual growth trends, future prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze competitive developments such as new product launch, merger & acquisition, and investment & expansion in the market
  • To strategically profile the key players and comprehensively analyze their revenue and core competencies.

Available Customizations:

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data. The following customization options are available for the Industrial boilers market report:

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company.

Regional Analysis

  • A further breakdown of the Industrial boilers market, by segments

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 4817
Published ON
Jan, 2023
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