Fire Tube Industrial Boiler Market - 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), Application & Forecast, 2023 – 2032

Fire Tube Industrial Boiler Market Size

Fire Tube Industrial Boiler Market size valued at USD 2.9 billion in 2022 and is estimated to exhibit over 4.4% CAGR between 2023 and 2032. A fire tube boiler utilizes fire and hot gases produced by the combustion process to generate steam or hot water. The hot gases flow through tubes immersed in a water-filled chamber. The heat from the gases is transferred to the water through the tube walls, resulting in the production of steam or hot water. The steam is then used for heating, power generation, or other industrial processes. The exhaust gases are expelled through a chimney, creating a draft that maintains the flow of combustion air.
 

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The fire tube industrial boiler market is anticipated to experience healthy growth on account of rapid expansion of the food processing industry and positive prospects for the chemical sector. Furthermore, global financial institutions and governments have implemented policies and initiatives to develop new industrial facilities, which will contribute to the adoption of these boilers. Ongoing efforts to reduce greenhouse gas emissions coupled with the increasing focus on the replacement of existing heating units, will further propel the business growth. The demand for energy-efficient systems will be impelled by stringent environmental regulations, rising fuel costs, and the need to reduce maintenance expenses.
 

COVID– 19 Impact

The widespread disruptions in global supply chains, lockdown measures, and economic slowdown resulted in delays or cancellations of industrial projects, leading to a decline in demand for new boiler installations. The temporary closure of manufacturing facilities and reduced industrial activities also affected the maintenance and replacement market. Moreover, the market has regained its momentum in the late 2021 led by the need for infrastructure development, industrial expansion, and increased focus sustainable heating solutions.
 

Fire Tube Industrial Boiler Market Analysis

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The natural gas fired fire tube industrial boiler market growth is propelled by various factors, including clean combustion and convenient fuel accessibility. Government regulations focused on decreasing greenhouse gas emissions along with robust expansion of small-scale industries will drive the business growth.
 

The oil-fired boiler market will grow at a 4.2% CAGR up to 2032. The industry expansion will be facilitated by competitive fuel prices and the low installation cost of the product. However, challenges such as lower energy efficiency, safety concerns and long-term price volatility, may hinder the business growth.
 

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Based on capacity, the fire tube industrial boiler market is segmented as <10 MMBtu/hr, 10-25 MMBtu/hr, 25-50 MMBtu/hr, 50-75 MMBtu/hr and >75 MMBtu/hr. The <10 MMBtu/hr industrial boiler market held 25% of the market share in 2022. The growth of small-scale industries, propelled by a combination of economic revival and supportive government policies, will contribute to the business expansion. The increasing adoption of multiple boiler systems across the large scale industries along with flourishing primary metal sector will favor the business scenario.
 

Based on technology, the fire tube industrial boiler market is segmented as condensing and non-condensing. The condensing fire tube industrial boiler is set to exceed USD 800 million by 2032. These boilers are increasingly preferred over alternative options owing to their ability to reduce carbon emissions, high efficiency, and lower operational costs. Government initiatives aimed at promoting energy-efficient heating units along with increasing upgradation of conventional systems will further propel the business outlook.
 

Based on application, the fire tube industrial boiler market is segmented as food processing, chemical, pulp & paper, refinery, primary metal and others. The food processing application was valued at over USD 300 million in 2022. The increasing preference for processed & packaged food along with increased investments in the expansion of the food processing units will augment the industry landscape. Increasing applicability of these units to perform processes including baking, sterilization, food drying, and pasteurization will propel the business potential.
 

Chemical application will witness an upsurge owing to increasing global demand for chemicals across sectors such as pharmaceuticals, petrochemicals, and specialty chemicals. Increasing demand for the adoption of advanced technologies in line with surging consumer focus toward maintenance & reliability will foster the fire tube industrial boiler market growth.
 

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The Europe boiler market is predicted to surpass USD 900 million by 2032. The favorable federal regulations coupled with increasing investments in the modernization of existing industrial facilities will positively sway the business outlook. Increasing requirements for the retrofitting of existing boiler along with increasing focus on reducing greenhouse gas emissions and energy consumption will fuel the deployment of fire tube industrial boilers.
 

Fire Tube Industrial Boiler Market Share

The major players operating in the fire tube industrial boiler market includes:

• Cleaver-Brooks
• Hurst Boiler & Welding Co
• The Fulton Companies
• Babcock Wanson 
• Johnston Boiler
• Thermodyne Engineering Systems
•  Clayton Industries
• Victory Energy Operations
• Rentech Boilers
• Cannon Bono Energia
• Hoval
• Superior Boiler
•  ICI Caldaie S.p.A
•  Sellers Manufacturing
•  Nationwide Boiler
•  BURNHAM COMMERCIAL BOILERS
   

Fire Tube Industrial Boiler Industry News

• In January 2023, Babcock Wanson acquired Parat, one of the European leaders in high-voltage boilers, and PBS Power Equipment. The new portfolio strengthens the company’s position across the region and is aimed to become the leader in solutions for the decarbonisation of the industrial sector. The acquisitions helped the company increase its market share, improve its expertise, and expand its customer base around the globe.
   
• In February 2020, Cleaver-Brooks launched an Internet of Things (IoT)-powered solution for the connected boiler solution, Prometha. The innovative solution remotely controls the boiler systems from anywhere and offers enhanced reliability, sustainability, and safety. Advanced technology gathers data on the boiler system’s health and transmits it to mobile phones and laptops for authorized users. This real-time data allows customers to make precise decisions pertaining to boiler operation and maintenance.
   

This fire tube industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBtu/hr” & “USD” from 2019 to 2032, for the following segments:

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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

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • France
  • UK
  • Poland
  • Italy
  • Spain
  • Austria
  • Germany
  • Sweden
  • Russia
• Asia Pacific
  • China
  • India
  • Philippines
  • Japan
  • South Korea
  • Australia
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • UAE
  • Nigeria
  • South Africa
• Latin America
  • Argentina
  • Chile
  • Brazil