Europe Steam Boiler Market Size - By Fuel, By Capacity, By Technology, By Application, Growth Forecast, 2025 - 2034

Europe Steam Boiler Market Size

According to a recent study by Global Market Insights Inc., the Europe steam boiler market was estimated at USD 3.7 billion in 2024. The market is expected to grow from USD 4 billion in 2025 to USD 7 billion in 2034, at a CAGR of 6.5%.

• The transition toward decarbonization policies coupled with stricter EU emission standards will positively influence the adoption of sustainable heating technologies. The rising integration of renewable energy with growing emphasis on electrification of process heating will positively accelerate the product demand.
   
• A steam boiler is a closed vessel designed to generate steam by applying heat energy to water. The heat source often from burning fuels including coal, oil, or gas raises the water temperature until it turns into steam. This steam is then used for various industrial processes, heating applications, or to drive turbines for power generation.
   
• The surging investment in biomass utilization combined with favorable national subsidies will drive the demand for these boilers. The advancements in ultra-low-NOx burner technologies along with stringent air-quality regulations will boost retrofits and new boiler installations across urban centers.
   
• For instance, the European Urban Initiative (EUI) supports sustainable urban development in Poland by providing capacity-building programs, fostering innovation, and facilitating knowledge exchange. These efforts help cities implement greener infrastructure, improve energy efficiency, and advance environmentally sustainable urban planning practices.
   
• The adoption of modular and containerized steam boiler solutions paired with the need for reduced onsite installation time will escalate the deployment rate. The growing focus on fuel flexibility in response to supply chain uncertainties coupled with rising natural gas price volatility will amplify demand for dual-fuel boilers.
   
• The rising digitalization of boiler operations along with the integration of IIoT-based predictive maintenance will excel plant efficiency and reliability. The accelerating focus on water conservation together with the installation of condensate recovery and blowdown optimization systems will strengthen operational sustainability.
   
• The shift toward lifecycle service model combined with the increasing adoption of steam-as-a-service contracts will energize the industry dynamic. The incorporation of heat recovery economizers in combination with advanced flue-gas condensation technologies will spur overall boiler room efficiency.
   
• The Europe steam boiler market was valued at USD 2.9 billion in 2021 and grew at a CAGR of over 5% through 2024. The inclusion of cybersecurity measures in connected boiler systems along with growing adoption of remote monitoring will energize operational safety.
   
• The rising preference for automation and self-optimizing controls together with workforce skill shortages will boost the penetration of intelligent steam boilers. The ongoing modernization of legacy oil and coal boiler systems paired with the replacement of demand in Eastern and Southern Europe will further augment the industry growth.
   

Europe Steam Boiler Market Trends

• The boiler industry is undergoing a period of transition driven by the continent’s twin imperatives of industrial competitiveness and decarbonization. Across sectors such as chemicals, food processing, pulp and paper, metallurgy, and district heating, steam remains indispensable for thermal energy.
   
• For instance, the European Green Deal, national carbon-pricing frameworks, and the tightening of the industrial emissions directive are accelerating the retirement of inefficient, fossil-heavy boilers. The end users are seeking systems with higher thermal efficiency and lower pollutant output, pushing manufacturers to design equipment that complies with stricter nitrogen oxide & carbon dioxide thresholds.
   
• The integration of these heating systems into broader energy ecosystems is further advancing. These boilers are being coupled with waste heat recovery systems, industrial heat pumps, and district heating networks, reflecting Europe’s ambition for sector coupling and energy efficiency.
   
• Another key trend is the rise of smart and IoT-enabled boiler systems, offering significant opportunities for industry expansion. These allow real-time monitoring, predictive maintenance, optimization of combustion and steam output, and more efficient operation overall. These features help end users manage operational costs, reduce downtime, and ensure regulatory compliance.
   
• The rising adoption of boilers for space and water heating in commercial establishments along with increasing infrastructural investments is set to drive the business scenario. Climatic conditions play a crucial role in shaping this demand, with very cold and mixed-humid regions showing consistently higher heating requirements. In contrast, mixed-dry, hot-dry, and hot-humid regions experience more seasonal demand, particularly during winter months.
   
• The demand for steam boilers is gaining momentum due to rising replacement activities across industrial and commercial facilities. With improving economic conditions, manufacturers are focusing on greater investments into upgrading their production capabilities. Ongoing technological advancements in boiler design have expanded the use of natural gas, shale gas, and electricity as preferred energy sources, further accelerating the deployment of modern systems.
   
• In April 2025, a capacity-building event in Pozna? equipped Polish city officials with tools to enhance resilience against environmental, geopolitical, energy, and cybersecurity challenges. Additionally, EUI supports innovative initiatives in Krakow and Stalowa Wola, promoting sustainable urban development and long-term city resilience.
   

Europe Steam Boiler Market Analysis

• Based on fuel, the industry is segmented into natural gas, oil, coal and others. The natural gas-powered steam boiler holds a share of 41.2% in 2024 and is projected to grow at a CAGR of over 6% through 2034.
   
• The industry is witnessing steady adoption as industries and commercial establishments prioritize cleaner and more efficient energy sources. Stricter emission regulations, rising natural gas availability, and lower operational costs compared to oil-fired systems are driving installations. Additionally, technological advancements in boiler design enhance fuel efficiency and performance, making natural gas systems attractive for long-term sustainability goals.
   
• For citation, Volkswagen’s Wolfsburg plant in Germany replaced its older oil-fired boilers with advanced natural gas-fired steam boilers. This transition reduced CO? emissions, lowered operational costs, and improved fuel efficiency, demonstrating the benefits of cleaner, more efficient energy sources in industrial operations.
   
• The oil powered boiler market is anticipated to reach over 1.2 billion by 2034. These boilers continue to find relevance in regions with limited natural gas infrastructure, serving industries and institutions that require reliable, high-pressure steam.
   
• However, the market is gradually facing challenges due to rising fuel costs, environmental regulations, and the shift toward cleaner alternatives. Despite this, modernization efforts and hybrid systems are extending the operational life of existing oil-fired installations.
   
• The coal fired boiler market was valued at USD 286.4 million in 2024. These systems remain significant in industrial sectors with abundant coal supplies, particularly for high-capacity heat and power generation. However, stricter emission standards, carbon reduction mandates, and environmental concerns are prompting gradual shifts toward cleaner fuels or retrofitted systems with advanced pollution controls.
   

• Based on technology, the industry is divided into condensing and non-condensing. The condensing boiler market holds a share of 61.6% in 2024 and is set to surpass USD 5.5 billion by 2034. These units are increasingly deployed across commercial and industrial applications owing to their high energy efficiency and reduced emissions.
   
• By recovering latent heat from flue gases, these systems lower fuel consumption and operational costs. Growing emphasis on sustainability, regulatory pressure to cut carbon footprints, and advancements in compact, smart designs are driving wider adoption across institutions, manufacturing facilities, and district heating networks, driving the business growth.
   
• For instance, the UK steam boiler market is evolving rapidly owing to the nation’s legally binding net-zero 2050 target, fluctuating energy costs, and heightened regulatory focus on industrial emissions, driving adoption of cleaner, more efficient, and low-carbon boiler technologies.
   
• The non-condensing steam boiler market will gain appreciable momentum owing to rising adoption in developing regions, retrofitting older facilities, and industries requiring high-temperature steam for processes. Technological enhancements in fuel flexibility, automation, and emissions compliance are further boosting installations, supporting long-term market expansion.
• Based on capacity, the industry is bifurcated into ≤ 10 MMBTU/hr, > 10 - 50 MMBTU/hr, > 50 - 100 MMBTU/hr, > 100 - 250 MMBTU /hr and > 250 MMBTU/hr. The ≤ 10 MMBTU/hr capacity steam boiler industry will witness a CAGR of over 7% through 2034.
   
• The boilers with this capacity range are highly adaptable and widely used across multiple industries for moderate steam requirements. Their compact design makes them ideal for small to medium-scale operations, supporting applications such as space heating, process heating, and serving as auxiliary systems within larger industrial or commercial facilities.
   
• The >10 - 50 MMBTU/hr rated steam boilers are classified as medium-sized systems, catering to diverse industrial and commercial applications. They generate substantial steam volumes, effectively supporting process operations, heating demands, and power generation requirements across various sectors.
   
• The > 50 - 100 MMBTU/hr steam boiler market was valued at USD 1.1 billion in 2024. These units can generate large volumes of steam, crucial for extensive manufacturing processes and energy generation. Their durable construction ensures dependable performance in demanding environments, often featuring advanced control systems, high-efficiency burners, and emission-reduction technologies to comply with strict environmental regulations.
   
• The steam boilers with capacities of >100 – 250 MMBTU/hr caters to highly energy-intensive sectors, such as large industrial complexes, refineries, petrochemical plants, steel mills, and extensive district heating networks. These high-capacity boilers provide continuous, large-scale steam and process heat, while facing strict scrutiny regarding fuel efficiency and emissions compliance.
   
• For illustration, the Ledvice Power Plant in the Czech Republic operates high-capacity steam boilers producing up to 167 tons of superheated steam per hour. These boilers supply electricity and district heating to thousands of residents and industries, demonstrating efficient, large-scale energy delivery in compliance with emissions standards.
   
• The steam boilers with capacities exceeding 250 MMBtu/hr are engineered for large-scale industrial operations demanding substantial steam output. These high-capacity systems ensure reliable, continuous, and efficient steam generation, supporting heavy-duty processes across diverse industrial sectors.
  
   

• The Germany dominated the steam boiler market in Europe with 13.2% share in 2024 and generated USD 487.4 million in revenue. The industry is pursuing strategic modernization in line with climate and energy transition objectives. Prominent trends include the adoption of cleaner fuels, retrofitting and digitally upgrading existing systems, large-scale decarbonization initiatives, and the deployment of electrified steam generation solutions.
   
• For illustration, Energiewende energy transition plan, coupled with its legally binding net-zero 2045 target, is driving strong regulatory and market pressure to retire coal-fired and high-carbon steam systems, encouraging industries to adopt cleaner, low-emission, and more sustainable steam technologies.
   
• The UK steam boiler market is expected to reach over USD 1 billion by 2034. The industry is seeing rising adoption of containerized, modular boilers, providing operational flexibility and rapid deployment. Increased integration of automation and smart control systems is improving efficiency and reliability, supporting the shift toward next-generation steam technologies.
   
• For instance, in 2024, researchers at the Net Zero Innovation Institute, in partnership with Flogas, tested a low-carbon ammonia boiler at Cardiff University. The USD 4.57 million project was funded by the Department for Energy Security and Net Zero.
   
• The France steam boiler market will witness a CAGR of over 6.5% through 2034. Government emphasis on decarbonization and energy efficiency has spurred investments in advanced automation and cleaner fuels, such as HVO. Sectors including chemicals, pharmaceuticals, and food processing are upgrading their boiler systems to comply with these evolving standards.
   
• The steam boiler market in Italy is experiencing steady transformation, fueled by the nation’s focus on energy efficiency, industrial upgrades, and EU decarbonization goals. While natural gas-fired boilers have traditionally dominated, policy incentives, rising energy costs, and carbon-neutrality targets are encouraging greater diversification within industrial landscape.
   
• Austria’s steam boiler marketplaces strong focus on sustainability and energy efficiency, guided by EU climate objectives. The focus on utilizing renewable fuels, coupled with advancements in high-efficiency boiler technology, is shaping the industry dynamics for eco-friendly solutions.
   
• For citation, in 2025, an Austrian manufacturer commissioned a modular biomass gasification steam boiler system at a mixed agro-processing plant in Styria. The system harnesses residual wood from nearby operations, reducing waste, lowering carbon emissions, and promoting sustainable energy use within the regional industrial ecosystem.
   

Europe Steam Boiler Market Share

• The top 5 companies in the Europe steam boiler industry are Bosch Industriekessel, Babcock & Wilcox Enterprises, Viessmann, Ferroli and Thermax Limited contributing around 35% of the market in 2024.
   
• The steam boiler market is characterized by a diverse and dynamic landscape, driven by rising demand for reliable steam and heat generation. It spans a wide range of capacities, from small modular units to large high-capacity systems, catering to various sectors.
   
• Bosch Industriekessel is one of the prominent players in the steam boiler market, offering high-efficiency, reliable, and customizable steam solutions for industrial and commercial applications. The company emphasizes low-emission technologies, advanced automation, and energy-efficient designs to meet evolving regulatory and sustainability requirements.
   
• Babcock & Wilcox Enterprises specializes in delivering robust, large-scale steam generation systems for power, industrial, and commercial applications. The company focuses on high efficiency, fuel flexibility, and emission reduction technologies to support sustainable operations.
   
• Viessmann is one of leading providers in the steam boiler market, offering energy-efficient and environmentally friendly steam solutions for industrial, commercial, and institutional applications. The company emphasizes advanced automation, low-emission technologies, and sustainable designs to meet evolving energy and regulatory demands.
   
• Ferroli is a notable player in the steam boiler market, supplying versatile and efficient steam solutions for industrial and commercial applications. The company focuses on reliability, energy efficiency, and compliance with emission standards, supporting sustainable and cost-effective steam generation.
   
• Thermax Limited operates as a provider of high-capacity, energy-efficient, and environmentally compliant steam solutions for industrial and commercial applications. The company emphasizes advanced technology, fuel flexibility, and emission reduction to support sustainable operations.
   

Europe Steam Boiler Market Companies

Major players operating in the Europe steam boiler industry are:

• Babcock & Wilcox Enterprises
• Babcock Wanson
• Bosch Industriekessel
• Clayton Industries
• Cleaver-Brooks
• Cochran
• Doosan Enerbility
• FERROLI
• Forbes Marshall
• Fulton
• GE Vernova
• Hoval
• Hurst Boiler & Welding
• John Cockerill
• John Wood Group
• Maxima Boilers
• Mitsubishi Heavy Industries
• Miura America
• PARKER BOILER
• Thermax
• Viessmann
• Weil-McLain
   

Europe Steam Boiler Industry News

• In June 2025, Fulton announced a breakthrough in sustainable steam technology. The company’s revolutionary VSRT vertical steam boiler has officially been awarded hydrogen-ready status, making it the only vertical steam boiler to receive this designation. This achievement marked a significant milestone in the company’s ongoing commitment to future-proof, low-carbon technologies. The hydrogen-ready certification positions the VSRT boiler as a key solution for industries seeking to transition toward cleaner energy sources without compromising performance or reliability.
   
• In April 2025, Cochran is set to unveil its new EB90 electric boiler range at the upcoming All-Energy exhibition. Developed in collaboration with GESTRA UK, the EB90 integrates SteamVolt, an advanced medium-voltage resistive heating and control solution. The EB90 Electric Boiler is designed to meet the evolving energy needs of industrial users, offering a clean, efficient, and future-ready solution for steam production. Moreover, the partnership between Cochran and GESTRA combines deep expertise in boiler manufacturing and steam control systems, resulting in a product that sets new standards for performance and environmental responsibility.
   
• In February 2025, Cleaver-Brooks introduced the CBEX-3W firetube boiler, setting a new industry benchmark for efficiency and performance. Featuring proprietary EX technology, an integrated burner, and a built-in economizer, the CBEX-3W is the only boiler capable of achieving 3% O? across a 10:1 turndown ratio, making it the most efficient firetube boiler ever developed. The CBEX-3W is now available with the Power Plus Plan, which includes Prometha, a smart monitoring platform that provides real-time insights into boiler performance & operational status.
   
• In November 2024, Babcock Wanson announced the acquisition of VKK Group, a prominent German industrial boiler manufacturer. The acquisition was made in partnership with Getec, and positions Babcock Wanson to strengthen its presence in one of Europe’s largest boiler markets. By integrating VKK’s technical expertise and leveraging its production capabilities, it has enhanced its ability to serve customers across Europe with advanced, sustainable thermal solutions.
   

The Europe steam 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 Capacity

• ≤ 10 MMBTU/hr
• > 10 - 50 MMBTU/hr
• > 50 - 100 MMBTU/hr
• > 100 - 250 MMBTU/hr
• > 250 MMBTU/hr

Market, By Fuel

• Natural gas
• Oil
• Coal
• Others

Market, By Technology

• Condensing
• Non-condensing

Market, By Application

• Commercial
  • By application
    • Offices
    • Healthcare facilities
    • Educational institutions
    • Lodgings
    • Retail stores
    • Others
  • By capacity
    • ≤ 10 MMBTU/hr
    • > 10 - 50 MMBTU/hr
    • > 50 - 100 MMBTU/hr
    • > 100 - 250 MMBTU/hr
    • > 250 MMBTU/hr
  • By fuel
    • Natural gas
    • Oil
    • Coal
    • Others
  • By technology
    • Condensing
    • Non-condensing
• Industrial
  • By application
    • Food processing
    • Pulp & paper
    • Chemical
    • Refining
    • Primary metal
    • Others
  • By capacity
    • ≤ 10 MMBTU/hr
    • > 10 - 50 MMBTU/hr
    • > 50 - 100 MMBTU/hr
    • > 100 - 250 MMBTU/hr
    • > 250 MMBTU/hr
  • By fuel
    • Natural gas
    • Oil
    • Coal
    • Others
• By technology
  • Condensing
  • Non-condensing

The above information has been provided for the following countries:

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