Industrial Boiler Market Size By Product (Fire-tube, 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) Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jan 2020  |  Report ID: GMI622  |  Authors: Ankit Gupta, Nikhil Paranjape

Report Format: PDF   |   Pages: 1360   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Industrial Boiler Market’s annual capacity is anticipated to exceed 120 thousand units by 2026 with a CAGR of over 4%. Rising industrialization along with surging investments toward the expansion of existing manufacturing facilities will create significant market opportunities for the various boiler manufacturers across the globe.

Several governmental measures toward the expansion of key economic sectors along with the participation of various financial institutions will further stimulate the industrial boiler industry demand over the forecast timeframe.

Industrial Boiler Market

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The complexity of the control system, high initial cost, and existing emission rates are some of the key concerns associated with the installation of industrial boilers. Growing industrialization along with rising investments across the manufacturing sector have raised the deployment of industrial boilers globally.

The industrial boiler market report features a detailed analysis of industry trends on a global scale segmented on a country & regional basis across different products, capacity, application, technology and fuel. Moreover, the global market forecasts & estimates are in line with the data represented by authorities including the European Environmental Bureau, Department of Energy, American Boiler Manufacturers Association, National Association of Manufacturers, government regulatory bodies, and company press releases.

Thermal efficient heating systems will fuel the water tube industrial boiler market share

Global Industrial Boiler Market, By Product

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Water-tube industrial boiler market capacity is anticipated to exceed 75 thousand units by 2026. Water-tube boilers utilizes water which is contained inside the system of the connected tubes. The heat moves around the tubes which heats the water. The demand for these boilers across the industrial establishments including food processing, pulp & paper, and chemical will witness significant gains owing to their high thermal efficiency along with lesser carbon emissions.

Rising industrial sector investments along with the growing replacement of conventional heating systems with energy-efficient boilers will have a significant impact on the industrial boiler industry demand. The availability of industrial boilers with a high-capacity range makes them suitable for industrial and utility applications.

The ongoing expansion of refineries propelling the > 250 MMBtu/hr. industrial boiler market size

Ongoing expansion of existing refineries will stimulate the demand for > 250 MMBtu/hr. industrial boiler substantially. The enactment of stringent emission norms to curb emissions from the refining sector has led to the product deployment of energy-efficient heating systems. Growing population, changing demographics, and improvement in living standards across developing nations are some of the vital factors that positively influence the industry statistics.

Paper plants and petrochemicals are also primarily utilizing large-capacity boilers due to their high-pressure handling capacity to expedite industrial processes, thereby augmenting the industrial boiler market share.

Escalating demand for processed food propelling the industrial boiler industry landscape

North America Industrial Boiler Market, By Application

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Industrial boiler market from food processing application accounts for a significant business share due to the continuous demand for heat or steam required at various stages including batching, processing, steaming, and cleaning. These steam generating systems are further being deployed to effectively undertake sterilization of packaged food, cleaning, and sanitation procedures of the equipment. As a result, it has become a necessity to install boilers at F&B facilities to fulfil the need for hot water and steam, which will substantially augment its market forecasts.

Non-condensing heating technology will continue to fuel the global market size

Non-condensing boilers are the traditional boilers, which are designed to take the air from room to provide combustion and heat the water or create steam. The exhaust gases generated during the combustion process are allowed to escape through the flue stack. Since, they have only two fuel sources (natural gas and oil) due to which, the efficiency of these boilers remains low when compared to the other condensing systems.

Ease of installation along with competitive price structure and ability to operate under extreme weather conditions effectively will flourish industrial boiler market growth over the forecast timeline. The efficiency of non-condensing boilers ranges from 80-85% with regular maintenance. As a result, this becomes an economical boiler for industries to install, thereby proliferating industry landscape.

Stringent government norms to minimize the carbon footprint propelling the gas-fired industrial boiler market outlook

Stringent government norms to reduce carbon emissions will boost the demand for natural gas-fired industrial boilers. For instance, the EPA has propagated the national emission standards for hazardous air pollutants from three major source categories, industrial boilers, commercial & institutional boilers, and process heaters.

The existence of strong gas supply infrastructure along with the abundant potential of natural gas deposits across the globe will fuel the industrial boiler market demand over the forecast timeframe.

Asia Pacific to take over the regional market share due to economic development

North America, Europe, and Asia Pacific jointly account for over 90% of the global industrial boiler market share. The presence of numerous manufacturing facilities, high population density, and significant investments toward economic development has made Asia Pacific one of the major stakeholders across the globe.

The positive outlook toward the manufacturing sector along with the government focus on the development of new industrial facilities including chemical, machinery, and F&B industries will foster the industrial boiler industry demand across the Asia Pacific.

The market statistics for industrial boilers in Asia Pacific will witness substantial growth on account of the growing energy demands. For instance, as per the IEA, in 2019 the developing economies in Asia Pacific are expected to account for two-thirds of the global energy demand growth between 2020 and 2040.

Strategic collaborations and acquisitions acting as the focal point of leading manufacturers

The leading participants operating across the industrial boiler market are currently aiming at strategic collaborations and acquisitions to gain a competitive edge. The business strategy on merger & acquisition is devised to increase the profitability and capture a greater proportion of the market share.

The eminent market players include Hurst Boiler and Welding Co., IHI Corporation, Babcock and Wilcox Enterprises, John Cockerill, Doosan Heavy Industries & Construction Co, Mitsubishi Hitachi Power Systems, Miura America Co, AC Boilers SpA and Groupe Atlantic.

Industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units’, ‘MMBtu/hr’, and ‘USD” from 2015 to 2026, for the following segments:

By Product

  • Fire-Tube
  • 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

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
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Philippines
  • Middle East & Africa
    • Saudi Arabia
    • Iran
    • UAE
    • Egypt
    • Nigeria
    • Kenya
    • Morocco
    • South Africa
  • Latin America
    • Brazil
    • Argentina
    • Colombia
    • Chile

Frequently Asked Questions (FAQ) :

The overall industrial boiler market is anticipated to record a crcr of 4% through 2026
The industrial boiler market is expected to witness a remuneration of 120 Thousand Units in 2026.
A boiler is a closed pressure vessel that offers a heat transfer surface between the combustion products and the water. It is usually integrated into a system with various components including burner, deaerator, economizer, heat exchanger and tubes.
Rapid industrialization across emerging economies coupled with a positive outlook toward the petrochemical business will be key driving factors for the global market growth.
The worldwide industry for industrial boiler is expected to register over 4% CAGR from 2020 to 2026, according to a new report published by Global Market Insights, Inc.

Premium Report Details

  • Published Date: Jan 2020
  • Pages: 1360
  • Tables: 2458
  • Charts / Figures: 74
  • Companies covered: 29
  • Countries covered: 31

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