Europe Industrial Boiler Market Size – By Product, By Capacity, By Application, By Fuel, By Technology, Analysis, Share, Growth Forecast, 2025 – 2034

Europe Industrial Boiler Market Size

Europe Industrial Boiler Market was valued at USD 2.5 billion in 2024 and is estimated to grow at a CAGR of 3.5% from 2025 to 2034. Strict government policies aimed at addressing extreme climatic conditions and reducing greenhouse gas emissions along with increased spending on economic growth will foster the industry trends. Additionally, the growing demand for heating systems in line with the shift toward developing industrial facilities will stimulate the industry dynamics.
 

Industrial boilers are equipment used to produce hot water or steam for heating applications in various industries and processes. The industry growth is being driven by an increasing emphasis on upgrading traditional heating systems to energy-efficient, high-performance units that comply with stringent regulations aimed at reducing carbon emissions. Furthermore, the growing demand for steam and heat across different sectors coupled with the development of advanced boilers will continue to enhance the industry prospects.
 

Europe Industrial Boiler Market Trends

The expanding use of these units in refineries and the pulp & paper industry will propel the industrial boiler market. A growing focus on manufacturing facility expansion coupled with ongoing investments in the industrial sector will positively impact the development of these units. Additionally, the rapid integration of renewable energy and government-driven advancements across various industries will enhance the industry potential. Moreover, growing investments from both public and private sectors to expand the manufacturing industry, combined with heightened efforts to reduce carbon emissions, will positively influence the business scenario.
 

Europe Industrial Boiler Market Analysis

The water tube industrial boiler market will reach over USD 2 billion by 2034. This system uses steam or water that circulates through tubes, transferring heat to the surrounding gases. The growing adoption of energy-efficient systems across industries including pulp & paper, food processing and chemicals owing to their safe operations and minimal maintenance will drive the product adoption. Additionally, ongoing investments in the industrial sector aimed at improving heating capabilities, along with the replacement of traditional heating units with higher-capacity boilers, will further boost the industry growth.
 

The food processing industrial boiler market size will witness around 4% CAGR through 2034. The rise in disposable income in line with a shift in consumer preference toward processed foods will enhance the industry potential. The increasing installation of clean and sustainable energy power generation facilities coupled with the ongoing digitization of heating operations will drive demand for these products. Additionally, a growing focus on developing effective and efficient designs aligned with the rising emphasis on reliable boiler operations, will further support the industry development.
 

Germany industrial boiler market is set to reach over USD 800 million by 2034. The rapid installation of advanced boiler units along with increased spending in the industrial sector will boost the business outlook. The growing demand for efficient heating systems combined with the introduction of cost-effective products will further propel the industry. A shift toward modern heating solutions that support high-capacity power generation will accelerate product adoption. Additionally, the continuous upgrade of traditional boilers to more efficient units, along with the surging integration of innovative technologies and designs will augment the business landscape.
 

Rising infrastructure investments aimed at expanding refining capacity in response to growing demand for refined food will escalate the UK industrial boiler market. Increased foreign direct investment in the industrial sector along with robust macroeconomic policies will further support the industry. Increasing consumer awareness of clean energy power generation and the adoption of highly efficient heating systems will favor the business dynamics.
 

Europe Industrial Boiler Market Share

The manufacturers across the industry are adopting several key strategies to maintain competitiveness and meet evolving regulatory and environmental standards. One prominent approach is the focus on energy efficiency and sustainability, with companies increasingly developing boilers that reduce fuel consumption and emissions. This includes innovations like condensing boilers and the integration of renewable energy sources such as biomass and solar thermal systems. Additionally, manufacturers are enhancing product offerings with smart technologies, incorporating IoT and AI for real-time monitoring, predictive maintenance, and operational optimization.
 

Europe Industrial Boiler Market Companies

Major players operating in the Europe industrial boiler industry are:

• Babcock & Wilcox
• Bosch Industriekessel
• Clayton Industries
• Cochran
• Doosan
• FERROLI
• Forbes Marshall
• Fulton
• Hoval
• Hurst Boiler & Welding
• IHI
• John Cockerill
• John Wood Group
• Miura America
• Mitsubishi Heavy Industries
• Rentech Boilers
• Thermax
• Viessmann
   

Europe Industrial Boiler Industry News

• In July 2024, Thermax Babcock & Wilcox Energy Solutions (TBWES), a subsidiary of Thermax, clinched a contract worth over USD 60 million from a prominent industrial conglomerate. The contract entails the delivery of two 550 TPH CFBC boilers for an energy project in Botswana. TBWES managed the entire project scope, encompassing design, engineering, manufacturing, testing, and supervision of the boilers. This endeavor is pivotal for the establishment of a 300 MW power plant, which is set to provide electricity to the national utility. This move underscores Thermax’s dedication to bolstering energy infrastructure projects.
   
• In May 2024, Miura Co. has successfully acquired Cleaver-Brooks, one of the leading U.S. manufacturers of boilers. This acquisition underscores Miura's commitment to bolstering its foothold in the global commercial and industrial boiler market. With this strategic maneuver, Miura is set to amplify its international reach, forecasting that foreign markets will account for 50% of its annual revenue—doubling its prior international earnings.
   

The Europe industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units), capacity (MMBTU/hr) & revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Product

• Fire-Tube
  • By Capacity
    • < 10 MMBTU/hr
    • 10 - 25 MMBTU/hr
    • 25 - 50 MMBTU/hr
    • 50 - 75 MMBTU/hr
    • 75 - 100 MMBTU/hr
    • 100 - 175 MMBTU/hr
    • 175 - 250 MMBTU/hr
    • > 250 MMBTU/hr
  • By Application
    • Food Processing
    • Pulp & Paper
    • Chemical
    • Refinery
    • Primary Metal
    • Others
  • By Technology
    • Condensing
    • Non-Condensing
  • By Fuel
    • Natural Gas
    • Oil
    • Coal
    • Others
• Water-Tube
  • By Capacity
    • < 10 MMBTU/hr
    • 10 - 25 MMBTU/hr
    • 25 - 50 MMBTU/hr
    • 50 - 75 MMBTU/hr
    • 75 - 100 MMBTU/hr
    • 100 - 175 MMBTU/hr
    • 175 - 250 MMBTU/hr
    • > 250 MMBTU/hr
  • By Application
    • Food Processing
    • Pulp & Paper
    • Chemical
    • Refinery
    • Primary Metal
    • Others
  • By Technology
    • Condensing
    • Non-Condensing
  • By Fuel
    • Natural Gas
    • Oil
    • Coal
    • Others

Market, By Capacity

• < 10 MMBTU/hr
• 10 - 25 MMBTU/hr
• 25 - 50 MMBTU/hr
• 50 - 75 MMBTU/hr
• 75 - 100 MMBTU/hr
• 100 - 175 MMBTU/hr
• 175 - 250 MMBTU/hr
• > 250 MMBTU/hr

Market, By Application

• Food Processing
• Pulp & Paper
• Chemical
• Refinery
• Primary Metal
• Others

Market, By Technology

• Condensing
• Non-Condensing

Market, By Fuel

• Natural Gas
• Oil
• Coal
• Others

The above information has been provided for the following countries:

• France
• UK
• Poland
• Italy
• Spain
• Austria
• Germany
• Sweden
• Russia