Fire Tube Industrial Boiler Market Size By Capacity (<10 MMBtu/hr, 10-25 MMBtu/hr, 25-50 MMBtu/hr, 50-75 MMBtu/hr, >75 MMBtu/hr), By Technology (Condensing, Non-Condensing), By Fuel (Natural Gas, Oil, Coal, Others), By Application (Food Processing, Pulp & Paper, Chemical, Refinery, Primary Metal, Other Manufacturing), Analysis Report, Regional Outlook, Competitive Market Analysis & Forecast, 2018 – 2024

Published Date: Sep 2018  |  Report ID: GMI2934  |  Authors: Ankit Gupta, Aditya Singh Bais

Report Format: PDF   |   Pages: 665   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Fire Tube Industrial Boiler Market size was valued over USD 2 billion in 2017 and annual installation is anticipated to exceed 40 thousand units by 2024.
 

China Fire Tube Industrial Boiler Market Size, By Application, 2017 & 2024 (USD Million)
China Fire Tube Industrial Boiler Market Size, By Application, 2017 & 2024 (USD Million)

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Rapidly growing food processing industry and positive outlook toward chemical sector along with growing population is set to drive the fire tube industrial boiler market size. For instance, as per Indian Brand Equity Foundation (IBEF), food processing industry accounted for over USD 250 billion in 2015 and is projected to reach over USD 480 billion by 2020. Furthermore, global financial institutions along with respective governments have introduced policies and initiatives in favor to develop new industrial centers which in turn will fuel the product deployment.
 

Ongoing global efforts toward reduction of GHG emissions in conjunction with shifting trends toward upgrade and replacement of existing heating units will boost the fire tube industrial boiler market growth. Stringent environmental norms and regulations along with rising fuel prices and increasing maintenance cost will further stimulate the substitution of conventional heating units with energy efficient systems.
 

Fire Tube Industrial Boiler Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 2 Billion (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Pages: 665 Tables, Charts & Figures: 1204
Geographies covered (32): U.S., Canada, Mexico, France, UK, Poland, Italy, Spain, Austria, Germany, Sweden, Russia, China, India, Japan, South Korea, Australia, Indonesia, Philippines, Saudi Arabia, Iran, UAE, Egypt, Nigeria, Kenya, Morocco, South Africa, Brazil, Argentina, Columbia, Chile, Venezuela
Segments covered: Capacity, Technology, Fuel, Application, and Region
Companies covered (28): Babcock and Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited, Fulton Boiler Works, Inc., Hurst Boiler and Welding Co, Inc., Cleaver-Brooks, Inc., IHI Corporation, Clayton Industries, CMI Group, AMEC Foster Wheeler Ltd., Cochran Ltd., Doosan Heavy Industries, Forbes Marshall Private Limited, Mitsubishi Hitachi Power Systems, Ltd., General Electric, Siemens AG, AC Boilers Spa, Rentech Boiler Systems Inc., Thermax Limited, Miura America Co. Ltd., Hoval, Viessmann Limited, Fondital S.p.a, Ferroli S.p.A, Groupe Atlantic, SIME, Bosch Thermotechnology, Victory Energy Operations, LLC, Walchandnagar Industries Limited (WIL)
Growth Drivers:
  • North America & Europe
  • Ongoing modernization & replacement of conventional boilers
  • Asia-Pacific and Middle East & Africa
  • Rapid industrialization
  • Positive outlook toward chemical and food processing industries
Pitfalls & Challenges:
  • High installation cost

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Fire Tube Industrial Boiler Market, By Technology

Condensing fire tube industrial boiler market in 2017, was valued for over USD 700 million. Ability of these boilers to deliver lower carbon emissions, higher energy efficiency and reduced operational cost are the prime factors which will strengthen their adoption preferable over the alternatives. Furthermore, ongoing government efforts toward promotion of energy efficient heating units and replacement of conventional heating systems will positively influence the industry growth.
 

Low initial investment, ease of installation and product’s ability to attain higher temperatures are some of the paramount factors which will drive the non-condensing fire tube industrial boiler market size. Capability to perform under extreme weather conditions coupled with its compact design will further enhance the product adoption.
 

Fire Tube Industrial Boiler Market, By Fuel

Natural gas fired fire tube industrial boiler market in 2017, was valued over USD 600 million. Clean combustion and accessibility to fuel along with government norms and legislative mandates to reduce greenhouse gas emissions will augment the industry growth. For instance, the U.S. Environmental Protection Agency (EPA) has introduced two emission rules for boilers, Boiler Major Source Rule (BMACT) and Boiler Area Source Rule in order to limit toxic air pollutants efficiently from large as well as small scale boilers.
 

Oil fired industrial boiler market will witness growth of over 2% by 2024. Competitive fuel prices and low installation cost of the product are some of the major factors that will favor the industry expansion. However, lower energy efficiency, long term price volatility and safety concerns may hamper the industry growth.
 

Fire Tube Industrial Boiler Market, By Application

Growing proclivity toward processed & packaged food accompanied by rising investments toward new capacity development and expansion of food processing industry will boost the fire tube industrial boiler market growth. In 2017, Snyder’s Lance announced investments worth USD 7 billion toward capacity expansion of its facility in Berkley.
 

Chemical in 2017, accounted for over 25% revenue share of fire tube industrial boiler market. Rising demand for commodity chemicals, fine chemicals, cosmetics and petroleum products will propel the industry growth. For instance, in 2017 the value of chemical products consumed by China was accounted to be over USD 1,500 billion, followed by the U.S. at USD 510 billion.
 

Fire Tube Industrial Boiler Market, By Capacity

Resurgent economic growth along with supportive government policies has resulted in rapid expansion of small-scale industries which in turn will fuel the <10 MMBtu/hr industrial boiler market growth. Shifting trends toward multiple boiler systems coupled with positive outlook toward primary metal business will further foster the product deployment.
 

10-25 MMBtu/hr boilers in 2017, accounted for over 12% of the fire tube industrial boiler market share in terms of revenue. Ongoing investments toward replacement and upgrade of traditional steam generating systems along with wide application range of the product across metal, food processing and chemical industries will complement the business outlook.
 

Fire Tube Industrial Boiler Market, By Region

The U.S. fire tube industrial boiler market is anticipated to witness growth of over 2% by 2024. Favorable federal regulations, burgeoning economy along with growing investments toward modernization & expansion of industrial facilities will drive the industry growth. Growing chemical and petrochemical industries across the country will further propel the product adoption. According to the U.S. Department of Commerce, in 2017 the FDI inflow toward chemical industry surpassed USD 700 billion across the country.
 

Asia Pacific fire tube industrial boiler market will witness robust growth on account of growing consumer market, improving regional integration and sizeable investments. Growing efforts by respective governments toward development and strengthening of industrial sectors across growing economies will further augment the business growth.
 

Competitive Market Share

Major players operating across the fire tube industrial boiler market include Thermax, Cleaver-Brooks, Siemens, BHEL, AMEC Foster Wheeler, Bosch Thermotechnology, Hurst Boiler, Babcock and Wilcox, Doosan, Mitsubishi Hitachi Power Systems, General Electric, Fulton, Clayton, IHI, Forbes Marshall, Cochran and Rentech among others.
 

Prominent companies active in the business are primarily focusing toward the development of new and innovative products and inorganic & organic growth ventures as part of their growth strategy. For instance, in March 2016, Cleaver-Brooks introduced a complete line of containerized and skid-mounted portable fire tube boiler units. The product launch strengthened the product spectrum of the company in portable fire tube boiler systems.
 

Fire Tube Industrial Boiler Industry Background

Fire tube industrial boilers include a water-storing container and single or multiple tubes containing hot gases from furnace running through the container. These are primarily deployed for steam and hot water production for numerous applications across various industries including food processing, chemical manufacturing, pulp & paper and metal manufacturing among others.


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