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Steam Boiler Market Size

  • Report ID: GMI3177
  • Published Date: Mar 2023
  • Report Format: PDF
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Steam Boiler Market Size

Steam Boiler Market size surpassed USD 13.4 billion in 2023 and is projected to grow at 5.8% CAGR from 2024 to 2032, driven by the tightening government mandates on limiting carbon emissions.

 

Steam Boiler Market
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In recent years, growing climate concerns have directed world government focus towards bringing sizable reductions to their respective carbon footprints through strict emission control policies. These initiatives have subsequently created a notable impetus for energy-efficient steam boilers globally. The global market for boilers is likely to witness 5.5% CAGR and will cross USD 180 billion by 2032

 

Steam Boiler Market Report Attributes
Report Attribute Details
Base Year:2023
Steam Boiler Market Size in 2023:13.4 billion (USD)
Forecast Period:2024 to 2032
Forecast Period 2024 to 2032 CAGR:5.8%
2032 Value Projection:22.1 billion (USD)
Historical Data for:2019 to 2023
No. of Pages:1,650
Tables, Charts & Figures:3,494
Segments covered:Fuel, Capacity, Technology, Application
Growth Drivers:
  • Positive outlook toward healthcare sector.
  • Increasing demand for space heating in commercial buildings.
  • Replacement of the existing heating units with energy-efficient systems.
  • Stringent government regulations pertaining to carbon emissions.
  • Stern policy framework for the development of green buildings.
  • Increasing investments toward the development of industrial sector.
  • Growing measures toward the decarbonization of industrial sector.
Pitfalls & Challenges:
  • High initial investment.
  • Increasing popularity of available alternatives.
Learn more about the key segments shaping this market
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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of steam boiler crossed a valuation of USD 13.4 billion and is poised to grow at 5.8% CAGR during 2024 to 2032, driven by government efforts to phase out GHG emissions.

The steam boiler industry from natural gas segment is anticipated to attain 6.3% gains through 2032, primarily on account of the increasingly competitive natural gas prices globally.

Asia Pacific steam boiler industry size is slated to observe 5.7% growth from 2023 - 2032, backed by strict pollution control mandates and growing investments towards key commercial application avenues such as healthcare and education.

The list of major steam boiler participants includes names such as Babcock & Wilcox Enterprises, Atlantic Boilers, Bosch Industriekessel, Babcock Wanson, Cleaver-Brooks, Clayton Industries, Doosan Heavy Industries & Construction, Cochran, General Electric, Mitsubishi Heavy Industries, and VIESSMANN among others.

Steam Boiler Market Scope

  • Steam Boiler Market Size
  • Steam Boiler Market Analysis
  • Steam Boiler Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 34
    • Tables & Figures: 3494
    • Countries covered: 27
    • Pages: 1650
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