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The boiler industry is set to witness an upsurge on account of stringent regulatory norms to limit carbon emissions and surging replacement of conventional steam generating units with energy efficient systems. The replacement of the age-old units is a prominent trend across the regions where the age of boiler stock is near or over the average operating life. The product offers key advantages including low operational costs, increased comfort and reduced energy costs, accelerating the industry potential. In addition, the efficiency index of the domestic boiler ranges up to 90% without dropping any heat in line with more safety and low carbon footprints.

The boilers are bifurcated into two types, one that produces hot water and other that offers steam, which is later used to carry out the heating process. The natural gas, oil, and coal have been utilized as the primary fuels to operate boilers over the years, however, with the ongoing innovations electric fired boilers are also gaining traction across various applications. The key market players are focusing on transformation of their manufacturing operations by integrating automation and robotics to maximize space, reduce labor costs, and optimize production time, which indicates significant opportunities for the industry in the near term.

Drivers:

  • Robust participation of private players in line with government initiatives toward the expansion & development of commercial and industrial establishments.
  • Shifting consumer focus toward the adoption of advanced space and water heating systems along with favorable government tax incentives.
  • Increasing applicability across healthcare, chemical, pulp & paper, and refinery establishments.
  • Increasing concerns pertaining to greenhouse gas emissions coupled with achieving high energy efficiency have compelled the regulators to form stringent norms, which in turn will stimulate the demand for boilers.
  • Increasing need for space heating primarily across the residential and commercial buildings coupled with extreme climatic conditions across certain regions.
  • The growing consumer awareness & environmental constraints favored by regulatory reforms to encourage the installation of efficient and reliable heating systems.
  • Robust industrialization along with extensive investments by public & private players toward the expansion of manufacturing facilities.

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  •    Boilers
  •     Compressors
  •     Electrical Equipment
  •     Heat Pumps
  •    Water Heaters

Published: September 2023   

Asia Pacific Electric Boiler Market200 Pages

Asia Pacific Electric Boiler Market size was valued at USD 2.2 billion in 2022 and is estimated to expand at a CAGR of 12.9% between 2023 and 2032. ...

Published: June 2023   

Biomass Boiler Market350 Pages

Biomass Boiler Market size reached USD 12 billion in 2023 and is estimated to grow at a CAGR of 9% from 2024 to 2032....

Published: June 2023   

North America & Europe Electric Boiler Market280 Pages

North America & Europe Electric Boiler Market size surpassed USD 7.7 billion in 2023 and is anticipated to grow at 11.4% CAGR from 2023 to 2032....

Published: June 2023   

North America Residential Boiler Market100 Pages

North America Residential Boiler Market size was valued at USD 2.2 billion in 2023 and is estimated to expand at over 6% CAGR from 2024 to 2032....

Published: May 2023   

U.S. Commercial Boiler Market1050 Pages

U.S. Commercial Boiler Market size exceeded USD 2.1 billion in 2023 and is estimated to grow at over 6% CAGR from 2024 to 2032....

Published: May 2023   

North America Commercial Boiler Market180 Pages

North America Commercial Boiler Market size surpassed USD 2.6 billion in 2023 and is anticipated to grow at 6.3% CAGR from 2024 to 2032....

Published: May 2023   

Water Tube Industrial Boiler Market650 Pages

Water Tube Industrial Boiler Market size surpassed USD 7.4 billion in 2023 and is anticipated to depict 4.8% CAGR from 2024 to 2032....

Published: May 2023   

U.S. Industrial Boiler Market950 Pages

U.S. Industrial Boiler Market size surpassed USD 1.5 billion in 2023 and is projected to witness 4.4% CAGR from 2024 to 2032....

Published: May 2023   

Industrial Electric Boiler Market550 Pages

Industrial Electric Boiler Market size valued at USD 255.7 million in 2023 and is estimated to exhibit over 17% CAGR between 2024 and 2032....

Published: May 2023   

Fire Tube Industrial Boiler Market625 Pages

Fire Tube Industrial Boiler Market size valued at USD 3.1 billion in 2023 and is estimated to exhibit over 4.4% CAGR between 2024 and 2032...

Published: May 2023   

Gas Fired Boiler Market650 Pages

Gas Fired Boiler Market size surpassed USD 53.1 billion in 2023 and is anticipated to register 7.9% CAGR from 2024 to 2032....

Published: May 2023   

Europe Residential Boiler Market280 Pages

Europe Residential Boiler Market size surpassed USD 40.6 billion in 2023 and is anticipated to expand at 8.3% from 2024 to 2032....

Published: May 2023   

Industrial Boiler Market2250 Pages

Industrial Boiler Market size valued at USD 9.5 billion in 2022 and is projected to expand at around 4.5% CAGR from 2023 to 2032. ...

Published: May 2023   

U.S. Boiler Market1050 Pages

U.S. Boiler Market size surpassed USD 4.1 billion in 2023 and is anticipated to expand at 5.3% CAGR from 2024 to 2032....

Published: May 2023   

Commercial Hot Water Boiler Market600 Pages

Commercial Hot Water Boiler Market size was valued at USD 10.3 billion in 2023 and is estimated to witness over 7.6% CAGR from 2024 to 2032....

Published: May 2023   

UK Commercial Boiler Market70 Pages

UK Commercial Boiler Market size surpassed USD 1.1 billion in 2023 and is anticipated to expand at 8.4% CAGR from 2024 to 2032....

Published: April 2023   

Residential Electric Boiler Market255 Pages

Residential Electric Boiler Market size surpassed USD 8.7 billion in 2023 and is anticipated to expand at 11% CAGR from 2024 to 2032....

Published: March 2023   

Steam Boiler Market1650 Pages

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....

Published: March 2023   

Europe Steam Boiler Market1070 Pages

Europe Steam Boiler Market size valued at USD 4.2 billion in 2023 and is projected to expand at more than 6% CAGR from 2024 to 2032...

Published: March 2023   

Electric Boiler Market780 Pages

Electric Boiler Market size exceeded USD 10.4 billion in 2023 and is projected to expand at more than 11.8% CAGR from 2024 to 2032....

Published: February 2023   

Europe Boiler Market556 Pages

Europe Boiler Market size valued at USD 48.8 billion in 2023 and is projected to expand at more than 8.1% CAGR from 2024 to 2032....

Published: February 2023   

Boiler Market980 Pages

Boiler Market size exceeded USD 85 billion in 2022 and is projected to expand at more than 7.5% CAGR from 2023 to 2032, owing to the introduction of strict regulations to mitigate carbon footprint....

Published: February 2023   

Commercial Boiler Market1060 Pages

Commercial Boiler Market size exceeded USD 13.3 billion in 2023 and is projected to expand at more than 7.2% CAGR from 2024 to 2032....

Published: February 2023   

Residential Boiler Market625 Pages

Residential Boiler Market size valued at USD 68.5 billion in 2023 and is projected to expand at more than 8.1% CAGR from 2024 to 2032....

Published: November 2022   

Commercial Electric Boiler Market635 Pages

Commercial Electric Boiler Market size valued at USD 1.5 billion in 2023 and is projected to grow at more than 15.5% CAGR from 2024 to 2032....

Published: June 2022   

Combi Boiler Market330 Pages

Combi Boiler Market size valued at USD 26.1 billion in 2023 and is projected to expand at a CAGR of around 5.3% from 2024 to 2032....

Published: April 2022   

North America Industrial Boiler Market400 Pages

North America Industrial Boiler Market size surpassed USD 1.9 billion and is expected to depict 4.4% CAGR from 2024 to 2032....

Published: September 2019   

Circulating Fluidized Bed Boiler Market470 Pages

Global Circulating Fluidized Bed Boiler Market size was valued over USD 38 billion in 2018 and is anticipated to expand over 400 GW by 2025....

Published: October 2018   

Utility Boiler Market335 Pages

Utility Boiler Market size was valued over USD 20 billion in 2017 and annual installation is anticipated to exceed 60 GW by 2024....

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