Europe Industrial Boiler Market

Europe Industrial Boiler Market Size

According to a recent study by Global Market Insights Inc., the Europe industrial boiler market was estimated at USD 2.5 billion in 2024. The market is expected to grow from USD 2.7 billion in 2025 to USD 3.8 billion by 2034, at a CAGR of 4%.

• The continuous development of industrial facilities paired with ongoing upgrades to existing power grid infrastructure will contribute to the business growth. The transition toward fuel-flexible boilers that can operate on natural gas, hydrogen blends, and biofuels will energize the business dynamics.
  
• An industrial boiler is a closed vessel used to generate steam or hot water for industrial processes by applying heat energy to water. These boilers are typically powered by fuels including coal, oil, natural gas, biomass, or electricity. Their primary function is to provide consistent thermal energy for operations in large-scale industrial environments.
  
• The increasing deployment of hybrid boiler designs backed by European decarbonization strategies will accelerate the adoption of alternative fuels. The growing electrification of industrial heating processes supported by renewable energy penetration will enhance the Europe industrial boiler market outlook.
  
• For citation, in 2023, the European Union initiated the Affordable Energy Action Plan, which includes an Electrification Action Plan aimed at decarbonizing industry, transport, and heating by 2026. This plan supports the adoption of hybrid boiler systems that integrate renewable electricity, such as electric boilers, with traditional heating methods to reduce carbon emissions.
  
• The rising demand for biomass and waste-to-energy boilers supported by secure feed stock availability will strengthen the regional market. The replacement of aging boiler fleets with condensing and high-efficiency units will advance the modernization of industrial facilities.
  
• The enforcement of tighter emissions regulations under European directives will drive investment in low-emission boiler technologies. The integration of boiler with combined heat and power systems, thermal storage, and heat recovery loops will optimize fuel utilization.
  
• The surging development of modular and skid-mounted boiler packages designed for faster installation will accelerate the product deployment. The increasing reliance on combined heat and power applications across energy-intensive industries will elevate boiler demand. The adoption of remote monitoring, predictive maintenance, and digital twin technologies will transform operational efficiency.
  
• For illustration, as of 2023, Europe had approximately 140 existing biomass and waste gasification installations, with an additional 54 installations at various stages of development European Biogas. These installations utilize biomass and waste materials to generate energy, aligning with the EU's goal of increasing renewable energy consumption.
  
• The Europe industrial boiler market was valued at USD 2.1 billion in 2019 and grew at a CAGR of over 2.5% through 2024. The rising focus on lifecycles and total cost of ownership evaluations during procurement will influence investment decisions. The development of financing and energy-as-a-service models supported by government incentives will boost business growth.
  
• The integration of real-time emissions monitoring and transparency systems will enhance product demand. The emphasis on circularity through repairability, remanufacturing, and recycling of boiler components will escalate industry dynamics. The concentration of demand in food processing, pulp & paper, chemicals, and district heating sectors will accelerate business prospects.
  

Europe Industrial Boiler Market Trends

• The increasing investment in the chemical sector is supported by the rising demand for specialty and bulk chemicals will create significant for boiler market. The expansion of food and beverage processing plants driven by consumer demand for packaged and processed food will fuel heat-intensive operations.
  
• The rising number of process expansion in brewing, dairy, and beverage production will stimulate demand for reliable steam generation. The growing requirement for sterilization, pasteurization, and cooking processes in food industries will accelerate industrial boiler deployment.
  
• The modernization of chemical production units to comply with sustainability standards will support the installation of energy-efficient boiler systems. The integration of boilers into continuous chemical reaction processes requiring steady heat supply will strengthen the Europe industrial boiler market outlook.
  
• For instance, in 2023, Environmental Protection Agency recognized Bimbo Bakeries for installing advanced controls and high-efficiency burners in oxidizers, and boilers, enabling real-time monitoring and control of energy usage. This modernization aligns with sustainability standards and supports the installation of energy-efficient boiler systems in chemical production units.
  
• The enforcement of European directives limiting NOx, SO₂, and particulate matter emissions will drive adoption of cleaner boiler technologies. The imposition of stricter permitting and compliance requirements will encourage industries to invest in low-emission boiler systems.
  
• The introduction of national carbon pricing mechanisms will increase the financial viability of efficient and sustainable boiler replacement. The alignment of industrial policies with European Green Deal objectives will accelerate the transition toward sustainable heat production.
  
• The monitoring requirements under emissions reporting frameworks will create demand for real-time data-enabled boiler systems. The growing enforcement of regional air quality standards in urbanized areas will push industries to upgrade older equipment. The policy-driven incentives for low-carbon equipment installations will reduce financial barriers for industries to upgrade.
  
• The aging industrial boiler fleet across the region will drive replacement activity to enhance operational reliability. The adoption of condensing boilers with superior efficiency will replace outdated non-condensing units. The integration of advanced burners with low-NOx performance will modernize existing installations.
  
• The increasing consumer inclination toward the automation and predictive maintenance features will stimulate adoption of digitally enabled replacements. The rising cost of maintaining older equipment with higher downtime will accelerate replacement decisions. The need to align with stricter emission compliance will push industries to swap outdated units with cleaner options.
  
• The growing adoption of hybrid heating systems combining electric and combustion units will replace legacy systems. The expansion of CHP-based replacements will allow industries to reduce operating costs through combined output. The lifecycle circularity focus promoting recyclability and remanufacturing will make replacement projects more attractive.
  

Europe Industrial Boiler Market Analysis

• Based on product, the industry is bifurcated into fire-tube and water-tube. The water-tube industrial boiler holds a market share of 70.5% in 2024 and is projected to grow at a CAGR of 4.2% through 2034.
  
• The market is witnessing steady growth, driven by rising demand for efficient steam generation in power plants, refineries, and chemical industries. Increasing focus on energy efficiency, low emissions, and flexible fuel options supports adoption. Technological advancements and industrial expansion across emerging economies further fuel market opportunities worldwide.
  
• The fire-tube industrial boiler market is anticipated to reach over 1 billion by 2034. The industry will gain an appreciable momentum on account of rising industrialization, growing energy demand, and the need for cost-effective steam generation. Increasing applications in food processing, chemical, and textile industries coupled with supportive government regulations for energy efficiency will foster the product penetration.
  

• Based on fuel, the industry is segmented into natural gas, oil, coal, and others. The natural gas segment market holds a share of 38.9% in 2024 and is projected to reach over USD 1.5 billion by 2034.
  
• Stringent emission regulations, rising demand for cleaner fuels along with cost advantages over coal and oil will foster the business outlook. Rapid industrialization, growing energy efficiency requirements, and government incentives for low-emission technologies further fuel adoption.
  
• The oil industrial boiler market was valued at USD 650 million in 2024. Rising energy demand in regions with limited access to natural gas infrastructure, coupled with the reliability of oil-fired systems for continuous operations will energize the industry dynamic. Surging modernization of existing boiler systems in line with robust expansion of small-scale manufacturing units will boost the industry growth.
  
• The others segment is driven by stringent emission norms, rising demand for sustainable heating solutions, and increasing integration of renewable energy. Growth is further supported by industrial electrification trends, government incentives for clean technologies, and the need for compact, efficient systems in food, beverage, pharmaceutical, and chemical processing industries.
  
• For illustration, the EU Clean Energy Technology Observatory 2024 highlights the growing role of electric-fired industrial boilers, particularly in the context of industrial electrification and the integration of renewable energy sources. The report discusses the advancements in electric heating technologies and their alignment with sustainability goals.
  
• Based on application, the industry is divided into food processing, primary metal, refinery, chemical, pulp & paper and others. Stringent emission norms coupled with modernization of existing refineries and increasing energy efficiency requirements further accelerate adoption of these systems across refinery application.
  
• The Europe industrial boiler market is anticipated to grow on account of rising demand for process steam in line with increasing investments in specialty and bulk chemicals. Stringent energy efficiency regulations, modernization of aging boiler systems, and growing adoption of advanced boiler technologies further accelerate industry growth across chemical production hubs.
  
• The primary metal boiler application was valued at USD 400 million in 2024. The Surging requirements of steel and aluminum production in line with increasing demand for high-temperature process steam will fuel the product penetration. Ongoing expansion of industrial sector, modernization of metal manufacturing facilities, and the need for reliable steam generation systems further propel the business growth.
  
• The food processing segment is projected to grow at a CAGR of 4.5% till 2034. Rising demand for packaged and processed foods along with expansion of dairy and beverage industries will drive the business outlook. Growing need for energy-efficient steam systems, modernization of processing facilities, and increasing automation in food production further boost the industry scenario.
  
• For instance, in 2024, the EU dairy industry notes that the sector represents around 15% of the turnover of the food and drinks industry in Europe. Despite challenges, the industry continues to face increasing competition from emerging countries and is focusing on modernization and innovation to maintain its position in the market.
  
• The pulp & paper segment is set to reach over USD 350 million by 2034. The market is driven by rising demand for paper packaging in line with the expansion of paper recycling facilities and the growing demand for high-pressure steam in production. Increasing investments in sustainable manufacturing, modernization of mills, and stringent energy efficiency regulations will further fuel demand for advanced heating systems.
  
• For citation, in 2024, the European paper and board industry experienced a 6.5% increase in packaging grades production compared to the previous year. Notably, containerboard output rose by above 4%, while carton board production grew by 9.9%. This growth is attributed to the rising demand for sustainable packaging solutions, including paper-based options.
  

• The Germany industrial boiler market captured 28.5% revenue share in 2024 and generated USD 727.8 million revenue, primarily driven by stringent environmental regulations that push industries toward adopting cleaner & more efficient systems and rising demand for energy-efficient heating solutions across manufacturing sectors. These factors are accelerating modernization and boosting adoption of advanced boiler technologies.
  
• The Italy industrial boiler market is expected to reach over USD 350 million by 2034. The industry will gain an appreciable momentum owing to rising investment in renewable integration within industrial heating and increasing adoption of automated systems for operational efficiency. These drivers are accelerating the shift toward smarter, cleaner boiler technologies, supporting transition to sustainable energy practices with improved reliability in industrial processes.
  
• For citation, in October 2024, Italian energy company Eni announced a USD 2.4 billion investment over five years to revamp and decarbonize its chemical unit. This initiative aims to reduce its carbon footprint by approximately 1 million tons of CO2, addressing the structural decline of basic chemicals in Europe.
  
• The France industrial boiler market is driven by strict carbon reduction policies encouraging cleaner fuel adoption and by rising demand for efficient steam generation in food processing, chemical, and energy industries. These drivers push industries to modernize operations, integrate renewable technologies, and ensure compliance with evolving energy efficiency standards.
  
• For illustration, Integrated National Energy and Climate Plan (NECP) outlines the France commitment to achieving carbon neutrality by 2050. The plan specifies short-term and medium-term greenhouse gas emissions reduction targets and emphasizes the transition to a low-carbon economy across all sectors.
  
• The Russia industrial boiler market will witness a CAGR of over 3.5% till 2034. Surging oil & gas, and mining activities that requires reliable steam generation, along with government initiatives to upgrade aging industrial infrastructure. These drivers are boosting demand for modern, high-capacity boilers, enabling industries to enhance efficiency, meet rising energy needs, and support long-term economic and industrial growth.
  
• The UK industrial boiler market was valued at USD 234 million in 2024. The industry will witness an upsurge owing to stricter energy efficiency regulations pushing industries toward advanced heating technologies and rising replacement demand of existing boiler systems. Expansion in food processing and chemical industries, along with investments in modern industrial infrastructure, further accelerates the industry growth.
  
• For instance, the UK government has proposed to mandate that all newly installed gas boilers be hydrogen-ready by 2026. This initiative is part of efforts to improve boiler and heating system efficiency, aiming to reduce domestic gas consumption, lower consumer bills, and cut carbon emissions.
  
• The Poland industrial boiler market is driven by rapid industrial expansion in chemicals, food processing, and metallurgy, coupled with rising energy demand across production plants. Government incentives for cleaner energy adoption and modernization of outdated heating systems are further propelling the shift toward advanced, energy-efficient boilers to enhance operational performance.
  
• The Spain industrial boiler market is driven by growing demand for efficient steam systems in food and beverage processing, rising focus on renewable fuel integration, and modernization of aging industrial infrastructure. Additionally, strict EU energy efficiency standards and increasing investments in sustainable industrial operations are accelerating adoption of advanced boiler technologies.
  

Europe Industrial Boiler Market Share

• The top 5 companies in the Europe industrial boiler industry are Bosch Industriekessel, Groupe Atlantic, ALFA LAVAL, IHI Corporation and Babcock & Wilcox Enterprises contributing around 45% of the market in 2024.
  
• The industry is highly competitive and technologically advanced, driven by stringent environmental regulations, energy efficiency mandates, and the shift toward low-emission and renewable fuel-based solutions. It is characterized by the presence of established global and regional players, adoption of smart and IoT-enabled systems, and growing demand for customized, high-performance boilers.
  
• Bosch Industriekessel delivers energy-efficient, low-emission industrial boilers featuring advanced combustion technology. Their solutions help European industries comply with strict environmental regulations, optimize operational efficiency, reduce fuel consumption, and lower overall lifecycle costs, strengthening their position in the sustainable industrial boiler segment.
  
• Groupe Atlantic provides modular and integrated heating solutions that are flexible, cost-effective, and easy to deploy across residential, commercial, and industrial sectors. Their innovative product designs and strong European presence enable them to cater to diverse customer needs while enhancing energy efficiency and reducing environmental impact.
  
• ALFA LAVAL specializes in compact, high-performance industrial boilers and heat exchangers, delivering superior thermal efficiency, reliability, and energy savings. Their solutions support Europe’s transition toward sustainable industrial heating and help companies reduce emissions while maintaining high operational performance across various sectors.
  
• IHI Corporation offers custom-engineered boilers for high-pressure, high-temperature applications. Their focus on precision, durability, and energy efficiency makes them ideal for complex European industrial processes, providing reliable performance, long-term operational savings, and alignment with stringent environmental and efficiency standards.
  
• Babcock & Wilcox Enterprises offers large-scale, environmentally compliant industrial boilers. Leveraging extensive project experience, cutting-edge emission control technologies, and a strong European service network, they provide reliable, high-performance solutions that enhance operational efficiency and support sustainable industrial growth.
  

Europe Industrial Boiler Market Companies

• Babcock & Wilcox posted revenue of USD 181.2 million in Q1 2025, reflecting a 10% year-over-year increase compared to USD 164.3 million in Q1 2024. The growth was fueled by progress on major natural gas projects (USD 8.5 million), heightened construction activity (USD 6 million), and stronger part sales.
  
• IHI Corporation generated USD 11.1 billion in revenue for 2024, a 23% increase year-over-year, largely attributed to recovery from the temporary downturn in the prior year. Orders surged by 27.2% to USD 12 billion, supported by renewed demand following the earlier slowdown.
  
• Thermax Group recorded consolidated operating revenue of USD 1.2 billion in FY 2024, marking an 11% rise from USD 1.1 billion in the previous year. However, profit after tax slipped by 2% to USD 73.1 million, compared to USD 75 million a year earlier, despite the topline expansion.
  

Major players operating in the Europe industrial boiler industry are:

• AERCO
• ALFA LAVAL
• Babcock & Wilcox Enterprises
• Bosch Industriekessel
• Burnham Commercial Boilers
• Clayton Industries
• Cochran
• Doosan
• FERROLI
• Forbes Marshall
• Fulton
• Groupe Atlantic
• Hoval
• Hurst Boiler & Welding
• IHI Corporation
• John Cockerill
• John Wood Group
• Miura America
• Mitsubishi Heavy Industries
• Rentech Boilers
• Thermax
• Viessmann
  

Europe Industrial Boiler Industry News

• In March 2025, Bosch Industrial Heat showcased its latest innovations in sustainable heating and process heat solutions, ELHB electric boiler. Designed to support the energy transition in the heating sector, the ELHB electric boiler delivers heating energy and hot water with zero CO2 and NO2 emissions, achieving over 99% energy efficiency by converting all incoming electrical energy into thermal output. Furthermore, the ELHB’s electric design simplifies installation and commissioning, eliminating the need for chimneys, fuel supply infrastructure, or emission monitoring.
  
• In February 2025, Cleaver-Brooks introduced myBoilerRoom, an advanced digital platform designed to transform boiler room operations through data-driven asset management, enhanced reliability, and operational efficiency. The platform empowers facility managers to strategically plan, design, and manage customized boiler room solutions aligned with their performance and sustainability goals. myBoilerRoom streamlines the entire lifecycle from procurement and system design to commissioning while enabling remote diagnostics and troubleshooting for uninterrupted performance.
  

• In July 2024, Thermax Babcock & Wilcox Energy Solutions (TBWES), a subsidiary of Thermax, has secured a contract exceeding USD 60 million from a leading industrial conglomerate in Botswana. The agreement involves supplying two 550 TPH CFBC boilers for a 300 MW power plant, supporting the national utility’s electricity supply. TBWES is overseeing the entire project scope including design, engineering, manufacturing, testing, and supervision highlighting Thermax’s commitment to advancing energy infrastructure and strengthening sustainable power generation in the region.
  
• In May 2024, Miura Co. has completed the acquisition of Cleaver-Brooks, one of the leading U.S. boiler manufacturers, reinforcing its commitment to strengthening its presence in the global commercial and industrial boiler market. This strategic move positions Miura to significantly expand its international footprint, with foreign markets projected to contribute 50% of annual revenue double its previous overseas earnings.
  

The Europe industrial boiler market research reports include 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