Market Size by Temperature (≤ 120°F, > 120°F, 140°F, > 140°F, 160°F, > 160°F, 180°F), by Product, by Fuel, by Capacity, by Technology, by Application, Regional Outlook & Forecast.
Report ID: GMI9072
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Published Date: April 2024
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Report Format: PDF
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Low Temperature Industrial Boiler Market Size
Low Temperature Industrial Boiler Market size was valued at USD 2.37 billion in 2023 and is estimated to grow at a CAGR of 4.5% between 2024 and 2032. The escalating industrial activities and urbanization rates, especially in developing economies will increase the deployment for these heating technologies. For instance, the investments in the industrial sector across the Europe saw a growth of over 5% in 2023.
A low temperature industrial boiler is a type of boiler system designed to operate at relatively lower temperature range of below 180°F. These boilers are typically used in industrial settings where the process requirements do not necessitate extremely high temperatures. These units are designed with efficiency and safety in mind often incorporating features including advanced controls, insulation, and heat recovery systems to maximize energy efficiency and minimize environmental impact.
Low Temperature Industrial Boiler Market Trends
Increasing demand for water and space heating systems fueled by a surging population and rising urbanization rates will positively impact the market. The introduction of supportive government policies aimed at achieving high energy efficiency particularly in developing nations will escalate the industry growth. Moreover, the rising trend of industrialization coupled with the increasing inclination toward the adoption of efficient steam generation systems will bolster the business prospects.
Low Temperature Industrial Boiler Market Analysis
The > 140°F - 160°F temperature segment will exceed over USD 1.15 billion by 2032. These systems are predominantly utilized in facilities such as manufacturing plants, primary metal industries, paper and pulp mills, and refineries. The implementation and effective enforcement of governmental regulations targeting pollution control have sparked a surge in the replacement of traditional heating systems, driving the industry potential.
The fire tube industrial boiler market size will witness growth rate of over 4% by 2032. The increasing demand for specialty chemicals and the evolving consumer preference for processed food items have spurred a surge in investments in new manufacturing facilities, driving the business expansion. Additionally, the food and beverage industry has witnessed significant growth owing to shifting consumption patterns and rising disposable incomes, thereby revitalizing the business potential.
The Europe low temperature industrial boiler market is set to surpass USD 750 million by 2032. The rise of budget-friendly heating systems coupled with the increasing embrace of low-emission units, will drive the adoption of these units. The growing demand, fueled by continuous advancements in boiler designs, controls, and automation, is boosting efficiency, safety, and overall performance. This is enticing industries to invest in cutting-edge systems.
U.S. industrial boiler market will witness an upsurge owing to shifting trend toward nuclear family and paradigm shift toward the smart water heating systems. Ongoing emphasis on reducing carbon emissions and enhancing operational efficiency will positively impact the business growth. Surging adopting low temperature boilers across medium scale industries in line with extensive investment toward development and expansion of industrial buildings will favor the business scenario.
Low Temperature Industrial Boiler Market Share
Thermax Limited is a globally renowned company specializing in energy and environment engineering. These are used for generating steam for power generation or process heating in industries including power, chemical, pharmaceuticals, and food processing. It is known for its expertise in incorporating advanced technologies into its boiler designs. Thermax incorporate features like high thermal efficiency, low emissions, and use of eco-friendly fuels, aligning with global trends towards sustainable industrial practices.
Low Temperature Industrial Boiler Market Companies
The key industry players include:
Babcock and Wilcox Enterprises, Inc.
Bharat Heavy Electricals Limited
Clayton Industries
Cleaver-Brooks
Doosan Heavy Industries & Construction.
FERROLI S.p.A
Fonderie Sime S.p.A.
FONDITAL S.p.A.
General Electric
Groupe Atlantic
Hoval
Hurst Boiler and Welding Co, Inc.
IHI Corporation
John Wood Group PLC
Mitsubishi Heavy Industries, Ltd.
Miura America Co., LTD.
The Fulton Companies
Thermax Limited
Victory Energy Operations, LLC
Walchandnagar Industries Ltd. (WIL)
Low Temperature Industrial Boiler Industry News
In January 2022, Babcock & Wilcox Renewable has secured an USD 11 million contract for the manufacturing, design, installation, and supply of boiler equipment for a biomass boiler project in Canada. This includes the replacement of the boiler's pressure parts and upgrades to its air system and wood feed design. Additionally, its subsidiary, Babcock & Wilcox Canada Corp., will provide installation services.
In January 2022, Hoval has unveiled its latest innovation, the UltraGas 2 series, representing their cutting-edge gas condensing boilers. This new line offers the flexibility of utilizing hydrogen as an eco-friendly alternative fuel, aiming to decrease carbon emissions. Notably, the gas-fired models are designed for effortless conversion to hydrogen, providing futureproofing for evolving energy needs. Additionally, the UltraGas 2 series is compatible with biomethane, further enhancing its sustainability credentials.
The low temperature industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD” from 2021 to 2032, for the following segments:
Market, By Temperature
≤ 120°F
> 120°F - 140°F
> 140°F - 160°F
> 160°F - 180°F
Market, By Product
Fire Tube
Water Tube
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 Fuel
Natural Gas
Oil
Coal
Others
Market, By Technology
Condensing
Non-Condensing
Market, By Application
Food Processing
Pulp & Paper
Chemical
Refinery
Primary Metal
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, Shubham Chaudhary
Low Temperature Industrial Boiler Market Scope
Low Temperature Industrial Boiler Market Size
Low Temperature Industrial Boiler Market Trends
Low Temperature Industrial Boiler Market Analysis
Low Temperature Industrial Boiler Market Share
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Market estimates & forecast parameters
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL Analysis
Chapter 4 Competitive Landscape, 2023
4.1 Strategic outlook
4.2 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Temperature (USD Million, MMBTU/hr & Units)
5.1 Key trends
5.2 ≤ 120°F
5.3 > 120°F - 140°F
5.4 > 140°F - 160°F
5.5 > 160°F - 180°F
Chapter 6 Market Size and Forecast, By Product (USD Million, MMBTU/hr & Units)
6.1 Key trends
6.2 Fire tube
6.3 Water tube
Chapter 7 Market Size and Forecast, By Capacity (USD Million, MMBTU/hr & Units)
7.1 Key trends
7.2 < 10 MMBtu/hr
7.3 10 - 25 MMBtu/hr
7.4 25 - 50 MMBtu/hr
7.5 50 - 75 MMBtu/hr
7.6 75 - 100 MMBtu/hr
7.7 100 - 175 MMBtu/hr
7.8 175 - 250 MMBtu/hr
7.9 > 250 MMBtu/hr
Chapter 8 Market Size and Forecast, By Fuel (USD Million, MMBTU/hr & Units)
8.1 Key trends
8.2 Natural gas
8.3 Oil
8.4 Coal
8.5 Others
Chapter 9 Market Size and Forecast, By Technology (USD Million, MMBTU/hr & Units)
9.1 Key trends
9.2 Condensing
9.3 Non-condensing
Chapter 10 Market Size and Forecast, By Application (USD Million, MMBTU/hr & Units)
10.1 Key trends
10.2 Food processing
10.3 Pulp & paper
10.4 Chemical
10.5 Refinery
10.6 Primary metal
10.7 Others
Chapter 11 Market Size and Forecast, By Region (USD Million, MMBTU/hr & Units)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 France
11.3.2 UK
11.3.3 Poland
11.3.4 Italy
11.3.5 Spain
11.3.6 Austria
11.3.7 Germany
11.3.8 Sweden
11.3.9 Russia
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Philippines
11.4.4 Japan
11.4.5 South Korea
11.4.6 Australia
11.4.7 Indonesia
11.5 Middle East & Africa
11.5.1 Saudi Arabia
11.5.2 Iran
11.5.3 UAE
11.5.4 Nigeria
11.5.5 South Africa
11.6 Latin America
11.6.1 Argentina
11.6.2 Chile
11.6.3 Brazil
Chapter 12 Company Profiles
12.1 Babcock and Wilcox Enterprises, Inc.
12.2 Bharat Heavy Electricals Limited
12.3 Clayton Industries
12.4 Cleaver-Brooks
12.5 Doosan Heavy Industries & Construction.
12.6 FERROLI S.p.A
12.7 Fonderie Sime S.p.A.
12.8 FONDITAL S.p.A.
12.9 General Electric
12.10 Groupe Atlantic
12.11 Hoval
12.12 Hurst Boiler and Welding Co, Inc.
12.13 IHI Corporation
12.14 John Wood Group PLC
12.15 Mitsubishi Heavy Industries, Ltd.
12.16 Miura America Co., LTD.
12.17 The Fulton Companies
12.18 Thermax Limited
12.19 Victory Energy Operations, LLC
12.20 Walchandnagar Industries Ltd. (WIL)
Don't see your key competitors?
The companies listed in this report are a curated selection - not the full competitive universe.
Our market revenue calculations use a bottom-up methodology that accounts for all players across all regions - including manufacturers, distributors, and specialists not individually profiled. The profiles section spotlights strategically significant players; it does not define the scope of our market sizing.
Your competitive landscape may also include
Regional or domestic-only leaders not in the global top tier
Distributors and channel partners who control market access
Emerging disruptors, startups, or adjacent-industry entrants
Niche players focused on a specific application or end-use
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Authors: Ankit Gupta, Shubham Chaudhary
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Premium Report Details
Base Year: 2023
Companies covered: 20
Tables & Figures: 40
Countries covered: 27
Pages: 725
Download Free PDF
Premium Report Details
Base Year: 2023
Companies covered: 20
Tables & Figures: 40
Countries covered: 27
Pages: 725
Download Free PDF
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Ankit Gupta. 2024, April. Low Temperature Industrial Boiler Market Size - By Temperature (≤ 120°F, > 120°F - 140°F, > 140°F - 160°F, > 160°F - 180°F), By Product, By Fuel, By Capacity, By Technology, By Application, Regional Outlook & Forecast, 2024 – 2032 (Report ID: GMI9072). Global Market Insights Inc. Retrieved May 11, 2026, from https://www.gminsights.com/toc/details/low-temperature-industrial-boiler-market
Low Temperature Industrial Boiler Market
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Low Temperature Industrial Boiler Market Size
Low Temperature Industrial Boiler Market size was valued at USD 2.37 billion in 2023 and is estimated to grow at a CAGR of 4.5% between 2024 and 2032. The escalating industrial activities and urbanization rates, especially in developing economies will increase the deployment for these heating technologies. For instance, the investments in the industrial sector across the Europe saw a growth of over 5% in 2023.
A low temperature industrial boiler is a type of boiler system designed to operate at relatively lower temperature range of below 180°F. These boilers are typically used in industrial settings where the process requirements do not necessitate extremely high temperatures. These units are designed with efficiency and safety in mind often incorporating features including advanced controls, insulation, and heat recovery systems to maximize energy efficiency and minimize environmental impact.
Low Temperature Industrial Boiler Market Trends
Increasing demand for water and space heating systems fueled by a surging population and rising urbanization rates will positively impact the market. The introduction of supportive government policies aimed at achieving high energy efficiency particularly in developing nations will escalate the industry growth. Moreover, the rising trend of industrialization coupled with the increasing inclination toward the adoption of efficient steam generation systems will bolster the business prospects.
Low Temperature Industrial Boiler Market Analysis
The > 140°F - 160°F temperature segment will exceed over USD 1.15 billion by 2032. These systems are predominantly utilized in facilities such as manufacturing plants, primary metal industries, paper and pulp mills, and refineries. The implementation and effective enforcement of governmental regulations targeting pollution control have sparked a surge in the replacement of traditional heating systems, driving the industry potential.
The fire tube industrial boiler market size will witness growth rate of over 4% by 2032. The increasing demand for specialty chemicals and the evolving consumer preference for processed food items have spurred a surge in investments in new manufacturing facilities, driving the business expansion. Additionally, the food and beverage industry has witnessed significant growth owing to shifting consumption patterns and rising disposable incomes, thereby revitalizing the business potential.
The Europe low temperature industrial boiler market is set to surpass USD 750 million by 2032. The rise of budget-friendly heating systems coupled with the increasing embrace of low-emission units, will drive the adoption of these units. The growing demand, fueled by continuous advancements in boiler designs, controls, and automation, is boosting efficiency, safety, and overall performance. This is enticing industries to invest in cutting-edge systems.
U.S. industrial boiler market will witness an upsurge owing to shifting trend toward nuclear family and paradigm shift toward the smart water heating systems. Ongoing emphasis on reducing carbon emissions and enhancing operational efficiency will positively impact the business growth. Surging adopting low temperature boilers across medium scale industries in line with extensive investment toward development and expansion of industrial buildings will favor the business scenario.
Low Temperature Industrial Boiler Market Share
Thermax Limited is a globally renowned company specializing in energy and environment engineering. These are used for generating steam for power generation or process heating in industries including power, chemical, pharmaceuticals, and food processing. It is known for its expertise in incorporating advanced technologies into its boiler designs. Thermax incorporate features like high thermal efficiency, low emissions, and use of eco-friendly fuels, aligning with global trends towards sustainable industrial practices.
Low Temperature Industrial Boiler Market Companies
The key industry players include:
Low Temperature Industrial Boiler Industry News
The low temperature industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD” from 2021 to 2032, for the following segments:
Market, By Temperature
Market, By Product
Market, By Capacity
Market, By Fuel
Market, By Technology
Market, By Application
The above information has been provided for the following regions and country: