Non-Condensing Industrial Hot Water Boiler Market Size – By Fuel, By Capacity, By Application and Forecast, 2025 – 2034

Non-Condensing Industrial Hot Water Boiler Market Size

The global non-condensing industrial hot water boiler market was valued at USD 1.19 billion in 2024 and is estimated to grow at a CAGR of 4.6% from 2025 to 2034.
 

Persistent growth of urbanization and industrialization along with stringent environmental regulations aimed at reducing carbon emissions will stimulate business dynamics. Ongoing technological innovations in boiler units including advancements in materials, digital monitoring, and combustion control systems will augment the industry landscape. For instance, in 2024, the Government of Canada announced a USD 27 million investment in to build a state-of-the-art food ingredient manufacturing facility in Stoney Creek, Ontario. The new facility will feature advanced process equipment, new product development capabilities, and enhanced energy management systems.
 

A non-condensing industrial hot water boiler is a heating system designed for large-scale industrial applications, which operates by heating water without utilizing the latent heat from exhaust gases. Increasing shift toward renewable fuel sources coupled with the rising demand for highly efficient systems across industries will strengthen the industry outlook. Global efforts to promote sustainable economic growth in association with energy policies supporting the integration of smart management technologies will accelerate the adoption of industrial hot water boiler.
 

Non-Condensing Industrial Hot Water Boiler Market Trends

The industry is poised for substantial growth owing to the enhanced efficiency and reduced emissions of advanced boiler systems. The increasing demand for reliable heating solutions to ensure seamless operations combined with the modernization and replacement of traditional boilers will foster the industry dynamics. Furthermore, rapid industrial growth in key emerging economies in conjunction with innovations in boiler design and the integration of smart technologies will drive the adoption of industrial boiler.
 

Non-Condensing Industrial Hot Water Boiler Market Analysis

The natural gas fueled non-condensing industrial hot water boiler industry will exceed USD 900 million by 2034. Increasing energy costs and heightened environmental concerns coupled with stringent government emissions standards will fuel the demand for these boilers. Their appeal among industrial users lies in their ability to reduce energy consumption, enhance efficiency, and lower operational expenses will elevate the business scenario. In addition, the abundant availability of natural gas in line with the growing adoption of renewable energy sources will propel industry expansion.
 

The 25 - 75 MMBTU/hr non-condensing industrial hot water boiler market size will witness a growth at a CAGR of over 4.5% till 2034. The ongoing expansion of industrial infrastructure in emerging economies and advancements in non-condensing boiler technologies including improved materials and enhanced combustion systems will proliferate the business potential. These systems are particularly favored for their ability to deliver high-capacity heating without the complexities. Rising energy costs and stringent emission regulations in tandem with growing demand to adopt boilers with optimized designs that prioritize fuel efficiency and lower emissions will augment the product deployment.
 

U.S. non-condensing industrial hot water boiler market is set to reach over USD 240 million by 2034. The industry will witness substantial growth owing to the scalability and redundancy of these systems, which enable businesses to efficiently manage variable hot water demands while ensuring consistent operational reliability. The rising integration of advanced control systems that enable real-time monitoring and remote management is enhancing the business opportunities. Moreover, government initiatives including rebates, tax incentives, and grants aimed at promoting energy efficiency and reducing carbon will amplify the industry scenario.
 

Asia Pacific market will experience robust growth fueled by rapid industrialization, urbanization and expanding infrastructure projects across key economies within the region. Increasing energy demand, particularly from food processing and primary metal industry will elevate the product penetration. Additionally, governments in the region are introducing supportive policies and investments to enhance energy efficiency & meet stringent environmental regulations, which in turn will strengthen the industry trajectory.
 

Non-Condensing Industrial Hot Water Boiler Market Share

The non-condensing industrial hot water boiler industry is intensely competitive driven by the rising demand for cost-effective and reliable heating solutions across various industrial sectors. Market players compete on multiple fronts, including technological advancements, energy efficiency, regulatory compliance, and durability. Established manufacturers are heavily investing in research and development to design boilers with enhanced performance, reduced fuel consumption, and greater operational flexibility in line with stringent emission standards and industry-specific requirements. Moreover, the focus on customization and after-sales service further differentiates key players in this evolving market landscape.
 

Non-Condensing Industrial Hot Water Boiler Market Companies

Major players operating in the non-condensing industrial hot water boiler industry are:

• ALFA LAVAL
• Ariston Holding
• Babcock & Wilcox
• Babcock Wanson
• Bosch Industriekessel
• Clayton Industries
• Cleaver-Brooks
• Cochran
• Forbes Marshall
• Miura America
• Rentech Boiler Systems
• Stiebel Eltron
• Thermax Limited
• Thermodyne Boilers
• Viessmann
   

Non-Condensing Industrial Hot Water Boiler Industry News

• In May 2024, Miura Co., the parent company of Miura America, finalized its acquisition of Cleaver-Brooks. This strategic acquisition is set to strengthen the engineering and manufacturing capabilities for high-quality, sustainable boiler solutions, while maintaining exceptional service standards. By combining the strengths of both companies, this move is poised to enhance their collective market presence and expand their offerings in the boiler sector.
   
• In March 2024, Babcock & Wilcox’s secured a USD 246 million contract for a gas conversion project at a North American power plant. The project involves converting the plant's two coal-fired boilers, totaling more than 1,000 MW, to natural gas. Babcock & Wilcox has been given a limited notice to proceed, with the full contract notice expected in the fourth quarter of 2024.
   

The non-condensing industrial hot water 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:

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Market, By Fuel

• Natural Gas
• Oil
• Coal
• Others

Market, By Capacity

• 10 MMBTU/hr
• 10 - 25 MMBTU/hr
• 25 - 50 MMBTU/hr
• 50 - 75 MMBTU/hr
• > 75 MMBTU/hr

Market, By Application

• Food Processing
• Pulp & Paper
• Chemical
• Refinery
• Primary Metal
• Others

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
  • Turkiye
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Argentina