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Gas Fired Water Tube Chemical Boiler Market
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Gas Fired Water Tube Chemical Boiler Market Size
The global gas fired water tube chemical boiler market was valued at USD 463.4 million in 2024 and is estimated to grow at a CAGR of 4.2% from 2025 to 2034. Surging demand for clean energy along with the modern boiler systems which effectively reduce emissions will influence the business outlook. Rapid industrialization and urbanization and the high level of investment in the energy infrastructure, will enhance the growth potential.
To get key market trends
A gas fired water tube chemical boiler is an industrial heating system that uses natural gas or other gaseous fuels to generate heat for producing steam or hot water. Its design features water flowing through tubes, which are surrounded by hot combustion gases. Strict environmental standards promoting energy efficiency in line with the upgradation of aging boiler systems will escalate business dynamics. Moreover, the ongoing expansion and technological upgrades of industrial facilities in association with the increasing demand for dependable steam generation solutions will drive the demand of the chemical boiler.
Gas Fired Water Tube Chemical Boiler Market Report Attributes
| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2024 |
| Market Size in 2024 | USD 463.4 Million |
| Forecast Period 2025 to 2034 CAGR | 4.2% |
| Market Size in 2034 | USD 704.8 Million |
| Key Market Trends | |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Gas Fired Water Tube Chemical Boiler Market Trends
The industry is experiencing monumental growth fueled by the strict regulations placed on business aimed at limiting the release of greenhouse gasses. Increasing energy costs and a push for cleaner energy sources will bolster the product adoption Improvements in the industrialized nations and new markets, in tandem with prevailing changes in boiler technology will augment the demand for water tube chemical boiler. The rising preference for highly efficient heating solutions in tandem with the incorporation of smart technologies in boiler systems will further bolster the industry scenario.
Gas Fired Water Tube Chemical Boiler Market Analysis
Learn more about the key segments shaping this market
The < 10 MMBTU/hr rated gas fired water tube chemical boiler industry will exceed USD 200 million by 2034. These boilers are built to ensure that the maximum efficiency is attained at the minimal appropriate scale, which reduces costs and fuel consumption. The need for operationally efficient heating systems and systems that are less damaging to the environment along with the adoption of modern smart control technology will favorably change the industry outlook. Furthermore, increased investments from both public and private sectors to enhance boiler performance in compliance with updated environmental standards and efficiency benchmarks will complement the business outlook.
Learn more about the key segments shaping this market
The non-condensing gas fired water tube chemical boiler market size will witness a growth rate of over 4% through 2034. This industry is poised for significant growth propelled by continuous investment toward advanced boiler technologies that provide maximum energy efficiency and GHG emissions through reduction. The increasing uptake of industrial digitalization and automation with new control technologies will increase the industry’s growth. Moreover, the expansion of small and medium-sized enterprises within the chemical sector in conjunction with a heightened emphasis on cost optimization will drive the industry scenario.
Looking for region specific data?
U.S. gas fired water tube chemical boiler market is set to reach over USD 160 million by 2034. The country’s industrial sector is observed substantial growth on account by immense focus on the energy efficiency. Supportive government economic policies, modern technological change, the modernizing of industrial infrastructure will amplify the adoption of these heating units. Additionally, innovations including advanced combustion processes, new heat exchanger technologies, and federal and state incentives will propel the business expansion.
The Asia Pacific gas fired water tube chemical boiler market is experiencing substantial growth owing to escalating energy costs and stringent environmental policies. The push toward cleaner technologies coupled with supportive government measures aimed at reducing emissions will amplify the industry landscape. Furthermore, rapid urbanization, the growth of industrial areas, and the increasing use of renewable energy in boiler systems will drive product penetration.
Gas Fired Water Tube Chemical Boiler Market Share
The competition in the segment of gas fired water tube chemical boilers is represented by a combination of some well-known international manufacturers and district producers offering a range of products of differing parameters. Key competitors focus on technological advancements aimed at improving energy efficiency, reducing emissions, and meeting regulatory requirements. Price sensitivity and customer preferences for tailored solutions intensify competition as companies seek to differentiate through superior service, innovation, and cost-effective solutions.
Gas Fired Water Tube Chemical Boiler Market Companies
Major players operating in the gas fired water tube chemical boiler industry are:
- Alfa Laval
- Babcock & Wilcox
- Babcock Wanson
- Bosch Industriekessel
- Clayton Industries
- Cleaver-Brooks
- Cochran
- Forbes Marshall
- Hoval
- Hurst Boiler & Welding
- Kawasaki Thermal Engineering
- Miura America
- Rentech Boiler Systems
- SUPERIOR BOILER
- Thermax
- Thermodyne Boilers
- Victory Energy Operations
- Viessmann
Gas Fired Water Tube Chemical Boiler Industry News
- In November 2024, Babcock & Wilcox has disclosed today that the B&W Thermal segment has been formally notified to start, without any further delay on an important coal-to-natural gas conversion project in Indiana. The project which is estimated to cost around $246 million is a landmark in advancing the goals of AES Indiana towards cleaner energy. This innovative step will pave the way for AES Indiana to stop using coal and decrease carbon emissions, switching off the two coal-fired boilers of the 1160 MW Petersburg plant and replacing them with natural gas fired boilers.
- In January 2024, Victory Energy Operations deepened its collaboration with Powerhouse Combustion & Mechanical Corporation by appointing them as the authorized sales representative for all Victory Energy products. These products include firetube boilers, water tube boilers, HRSGs, economizers, VISION burners, and rental units throughout California and Nevada.
The gas fired water tube chemical 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:
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 Technology
- Condensing
- Non-Condensing
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Russia
- Spain
- Asia Pacific
- China
- Australia
- India
- Japan
- South Korea
- Middle East & Africa
- Saudi Arabia
- UAE
- Türkiye
- South Africa
- Egypt
- Latin America
- Brazil
- Argentina
Frequently Asked Question(FAQ) :
How big is the global gas-fired water tube chemical boiler market?
The global market size for gas-fired water tube chemical boiler was valued at USD 463.4 million in 2024 and is projected to reach USD 704.8 million by 2034, driven by a CAGR of 4.2% from 2025 to 2034.
Who are the major players in the gas-fired water tube chemical boiler industry?
Major players in the industry include Alfa Laval, Babcock & Wilcox, Babcock Wanson, Bosch Industriekessel, Clayton Industries, Cleaver-Brooks, Cochran, Forbes Marshall, Hoval, Hurst Boiler & Welding, and Kawasaki Thermal Engineering.
How much is the U.S. gas-fired water tube chemical boiler market worth?
The U.S. market is projected to reach over USD 160 million by 2034, driven by dynamic industrial growth, energy-efficient solutions, and government incentives.
What is the market size of the < 10 MMBTU/hr rated gas-fired water tube chemical boiler segment?
The < 10 MMBTU/hr rated market is expected to exceed USD 200 million by 2034, driven by the demand for energy-efficient and environmentally friendly heating systems.
