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Water Tube Industrial Boiler Market Size By Capacity, By Application (Food Processing, Pulp & Paper, Chemical, Refinery, Primary Metal, Other Manufacturing), By Technology (Condensing, Non-Condensing), By Fuel (Natural Gas, Oil, Coal) & Forecast, 2023 – 2032

  • Report ID: GMI2949
  • Published Date: May 2023
  • Report Format: PDF

Water Tube Industrial Boiler Industry Analysis

Water Tube Industrial Boiler Market size surpassed USD 6.9 billion in 2022 and is anticipated to depict 4.9% CAGR from 2023 to 2032.
 

Water Tube Industrial Boiler Market

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The global boiler market is likely to cross USD 180 billion by 2032. The increasing demand for energy-efficient heating systems and the rapid industrialization in developing economies will propel the industry growth. The expansion of industrial infrastructure along with ongoing efforts to conserve energy and adopt efficient steam generation systems, will enhance the water tube industrial boiler industry. Furthermore, the positive attitude towards adopting low emission heating systems and gradually replacing conventional units will drive business outlook.
 

COVID– 19 Impact

The COVID- 19 has impacted the industry owing to disruptions in the supply chain and reduced industrial activity. Furthermore, limited investments and economic uncertainties have further affected the water tube industrial boiler market growth. However, the industry has regained the strength in the late 2021 on account of rapid industrialization and robust development of manufacturing facilities.
 

Water Tube Industrial Boiler Technology Segmentation

Water Tube Industrial Boiler Market Size, By Technology, 2021 - 2032  (USD Billion)

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Condensing water tube boiler industry size will witness growth rate of 5% during 2023-2032. Government regulations and incentives promoting the use of energy-efficient technologies will significantly contribute to the business expansion. Additionally, ongoing advancements in condensing boiler technology have improved their reliability, performance, and ease of maintenance, which in turn will favor the product deployment.
 

Water Tube Industrial Boiler Capacity Segmentation

Water Tube Industrial Boiler Market Revenue Share, By Capacity, 2022

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The 50-75 MMBtu/hr water tube industrial boiler market captured a share of 12% in 2022. The demand for these units is driven by its applicability across refineries, petrochemical plants, power generation, food processing, and manufacturing facilities. These boilers can provide high-pressure and temperature steam, which in turn will further fuel the product deployment.
 

Water Tube Industrial Boiler Application Segmentation

The pulp & paper application was valued at over USD 500 million in 2022. Increasing demand for paper products including packaging materials, tissue papers, and printing papers, drives the need for reliable and efficient steam generation, accelerating the industry potential. Surging demand of energy-efficient and environmentally friendly solutions along with ongoing technological advancements will positively sway the market statistics.
 

Water Tube Industrial Boiler Fuel Segmentation

The oil fired boiler sector is set to witness an upsurge owing to increasing industrialization and surging electricity demand. The nations with a significant industrial sector and a reliance on oil as an energy source will provide opportunities in the water tube industrial boiler market expansion. Growing initiatives toward energy conservation coupled with growing installation of captive power generating systems will fuel the product adoption.
 

Water Tube Industrial Boiler Regional Analysis

North America Water Tube Industrial Boiler Market Size, 2020 - 2032 (USD Billion)

The North America industrial boiler is estimated to amass USD 2 billion by 2032. Increasing investments toward the expansion of small & medium scale industrial establishments along with increasing replacement of conventional heating units will drive the business growth. Surging demand for petroleum products coupled with flourishing food processing industry will foster the product penetration. The implementation of government polices to limit carbon emissions in line with changing consumer lifestyle trend will energize the industry dynamics.
 

Water Tube Industrial Boiler Industry Leaders

The key industry players in the water tube industrial boiler market include Babcock & Wilcox Enterprises, Cleaver-Brooks, Thermax Limited, Aaron Equipment Company, Hurst Boiler & Welding Co., Kawasaki Thermal Engineering, Clayton Industries, ALFA LAVAL, Viessmann, The Fulton Companies, Forbes Marshall, Rentech Boilers, Hoval, FERROLI, Bosch Thermotechnology, Victory Energy Operations, Indeck Power Equipment Company, Superior Boiler, Babcock Wanson, Wellons, Nationwide Boiler, Babcock Power, Johnston Boiler, Pennar Industries and Richard Kablitz.
 

Water Tube Industrial Boiler Industry News

  • In November 2022, Babcock & Wilcox delivered two package boilers, auxiliary equipment, and advanced emission control technologies for an American petroleum refinery. These package boilers and emission control solutions provide customers with flexible options and features to meet the unique demands and challenges of the petroleum refining business. This project has enhanced the company’s market presence across the region.
     
  • In March 2021, VIESSMANN launched the next generation of gas-condensing boiler, Vitodens 100-W equipped with pioneering capabilities. The Wi-Fi-integrated 100-W’s new control platform which makes the commissioning and servicing of the boiler easier. It enables customers to remotely control & monitor the boilers, without the requirement of third-party controls. The unit boiler with ViCare Thermostat provides consumers the benefit to control the device using an application.
     

This market research report on water tube industrial boiler 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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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 Application

  • Food Processing
  • Pulp & Paper
  • Chemical
  • Refinery
  • Primary Metal
  • Other Manufacturing

Market, By Technology

  • Condensing
  • Non-condensing

Market, 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
    • Philippines
    • Japan
    • South Korea
    • Australia
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • Iran
    • UAE
    • Nigeria
    • South Africa
  • Latin America
    • Argentina
    • Chile
    • Brazil

 

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of water tube industrial boiler exceeded USD 6.9 billion in 2022 and will register 4.9% CAGR during 2023-2032 propelled by the increasing demand for energy-efficient heating systems and the rapid industrialization in developing economies.

The condensing segment will witness a growth rate of 5% between 2023 and 2032 as a result of supportive government regulations and incentives promoting the use of energy-efficient technologies.

The water tube industrial boiler industry size from the pulp & paper segment was valued at USD 500 million in 2022 owing to increasing demand for paper products including packaging materials, tissue papers, and printing papers.

North America water tube industrial boiler sector is slated to surpass USD 2 billion by 2032 on account of surging demand for petroleum products, coupled with the flourishing food processing industry in the region.

Major companies operating in North America water tube industrial boiler industry are Babcock & Wilcox Enterprises, Cleaver-Brooks, Thermax Limited, Aaron Equipment Company, Hurst Boiler & Welding Co., Kawasaki Thermal Engineering, Clayton Industries and others.

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  • Base Year: 2022
  • Companies covered: 25
  • Tables & Figures: 1572
  • Countries covered: 27
  • Pages: 650
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