Industrial Boilers Market

Industrial Boilers Market Analysis

Rapid industrialization and increased investments in manufacturing facilities are driving the global industrial boiler market. In addition, increased industrialization and an optimistic projection of the food processing industry are key reasons the industrial boiler market is growing.

The global Industrial Boilers market was valued at around USD 13.13 billion in 2020, with a decline of over 5.74% owing to COVID 19 pandemic and its subsequences. However, the demand has been recovering at a rapid pace, and in the light of rapid vaccination around the world, it’s expected to restore to per COVID 19 level soon. The Global Industrial Boilers market is projected to become a USD 21 billion-dollar industry in 2027. Whereas cumulative growth opportunity catered by the global Industrial Boilers market between 2021 and 2027 will be around USD 128 billion.

Interesting Facts about Industrial Boilers Industry

• Safety valves are the most important device for Industrial Boilers
• The average life span of Industrial Boilers ranges from 15 to 20 years
• Based on the fuel to be used, an Industrial Boilers can offer maximum efficiency of around 85%
• While annual availability of Industrial Boilers could be 86% to 94%, including planned outage
• Large Industrial Boilers can cost up to USD 250 to USD 350 per HP

Strong Demand from the Asia Pacific to Propel Future Growth

Sustained industrial growth in Asian countries like China, the Philippines, Indonesia, and Vietnam increases the demand for industrial boilers. The rise in demand for energy-efficient systems is further boosting the market.

Due to escalating demand in various industries, the industrial boiler market will see a strong rise in the coming years. Strong industrialization and increased investments in manufacturing facilities contribute to the growth of the industrial boiler market. Also, initiatives taken by financial institutions and governments will accelerate the development of industrial centers. This will result in further growth for the industrial boiler market.

Biomass-fuelled Industrial Boilers to Dominate

The rising demand for biomass-fuelled boilers is expected to boost the growth of the industrial boiler market. Biomass-fuelled boilers have a substantial share in the industrial boiler market in the US due to the stringent regulations that seek to reduce carbon emissions. Biomass is a better choice than fossil fuels since its combustion releases less carbon into the environment. Hence, the demand for biomass-fuelled boilers is rising across various sectors. The oil and gas sector will experience steady growth during the next decade. This is mainly due to relatively lower oil and gas prices.

Small Industrial Boilers to Lead Chemical ad Food Applications

Small boilers comprise a substantial percentage of the industrial boiler market when accounted for in terms of capacity. Small boilers will see increased demand during the next decade. These boilers are seeing increased demand since maintaining them is easier. Over the next decade, the escalating demand for small boilers in mining, metals, and the food and beverage industry will contribute to market growth.

On the other hand, higher capacity boilers will also experience significant demand growth due to the petroleum industry’s increasing production capacity. High-capacity steam boilers are used in the petroleum industry since they have several applications like pressure control, dilution, quenching, stripping, fractionation, and heating.

Strong Demand from Food Processing to Fuel the Growth

The rapid rise of the food processing industry worldwide will result in an increased demand for industrial boilers. Sustained growth in the food processing sector is due to various factors like a higher standard of living, advanced technology, and higher disposable income across the globe. There will be a higher demand for packaged and convenience foods, which means that the food processing industry will have greater demand for industrial boilers. The market for industrial boilers will be further boosted by the increasing product applications in the paper and pulp sector. Boilers have applications in several industries for a steam generation like chemicals, textiles, manufacturing, food, beverages, etc.

Environmental Concerns to Remain Major Concern

Some factors will hinder the growth of the industrial boiler market. These include stringent emissions regulations and the high capital investment required. Increasingly strict regulations on emissions, especially in Europe and North America, can confine the growth of Industrial Boilers.

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Industrial Boilers Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Industrial Boilers Market Value, 2015-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2020
3.3.1. Application
3.3.2. Fuel
3.3.3. End-user
3.3.4. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Applications
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2020
4.1. Company market share of key players, 2020
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Industrial Boilers Market Pre Vs Post COVID 19, 2019 – 2027
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Industrial Boilers Market, by Country, 2015-2027(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Industrial Boilers Market, by End-user, 2015-2027(US$ Bn)
6.2.1. Overview
6.2.2. Chemicals & Petrochemicals
6.2.3. Paper & Pulp
6.2.4. Food & Beverages
6.2.5. Metals & Mining
6.2.6. Others
6.3. North America Industrial Boilers Market, by Fuel, 2015-2027(US$ Bn)
6.3.1. Overview
6.3.2. Oil & Gas
6.3.3. Fossil
6.3.4. Non-Fossil
6.3.5. Biomass

7. Europe
7.1. Europe Industrial Boilers Market, by Country, 2015-2027(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Spain
7.1.7. Belgium
7.1.8. Netherland
7.1.9. Austria
7.1.10. Sweden
7.1.11. Poland
7.1.12. Denmark
7.1.13. Switzerland
7.1.14. Rest of Europe
7.2. Europe Industrial Boilers Market, by End-user, 2015-2027(US$ Bn)
7.2.1. Overview
7.2.2. Chemicals & Petrochemicals
7.2.3. Paper & Pulp
7.2.4. Food & Beverages
7.2.5. Metals & Mining
7.2.6. Others
7.3. Europe Industrial Boilers Market, by Fuel, 2015-2027(US$ Bn)
7.3.1. Overview
7.3.2. Oil & Gas
7.3.3. Fossil
7.3.4. Non-Fossil
7.3.5. Biomass

8. Asia Pacific
8.1. Asia Pacific Industrial Boilers Market, by Country, 2015-2027(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Southeast Asia
8.1.9. Central Asia
8.1.10. Rest of Asia Pacific
8.2. Asia Pacific Industrial Boilers Market, by End-user, 2015-2027(US$ Bn)
8.2.1. Overview
8.2.2. Chemicals & Petrochemicals
8.2.3. Paper & Pulp
8.2.4. Food & Beverages
8.2.5. Metals & Mining
8.2.6. Others
8.3. Asia Pacific Industrial Boilers Market, by Fuel, 2015-2027(US$ Bn)
8.3.1. Overview
8.3.2. Oil & Gas
8.3.3. Fossil
8.3.4. Non-Fossil
8.3.5. Biomass

9. Latin America
9.1. Latin America Industrial Boilers Market, by Country, 2015-2027(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Industrial Boilers Market, by End-user, 2015-2027(US$ Bn)
9.2.1. Overview
9.2.2. Chemicals & Petrochemicals
9.2.3. Paper & Pulp
9.2.4. Food & Beverages
9.2.5. Metals & Mining
9.2.6. Others
9.3. Latin America Industrial Boilers Market, by Fuel, 2015-2027(US$ Bn)
9.3.1. Overview
9.3.2. Oil & Gas
9.3.3. Fossil
9.3.4. Non-Fossil
9.3.5. Biomass

10. Middle East
10.1. Middle East Industrial Boilers Market, by Country, 2015-2027(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Industrial Boilers Market, by End-user, 2015-2027(US$ Bn)
10.2.1. Overview
10.2.2. Chemicals & Petrochemicals
10.2.3. Paper & Pulp
10.2.4. Food & Beverages
10.2.5. Metals & Mining
10.2.6. Others
10.3. Middle East Industrial Boilers Market, by Fuel, 2015-2027(US$ Bn)
10.3.1. Overview
10.3.2. Oil & Gas
10.3.3. Fossil
10.3.4. Non-Fossil
10.3.5. Biomass

11. Africa
11.1. Africa Industrial Boilers Market, by Country, 2015-2027(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Industrial Boilers Market, by End-user, 2015-2027(US$ Bn)
11.2.1. Overview
11.2.2. Chemicals & Petrochemicals
11.2.3. Paper & Pulp
11.2.4. Food & Beverages
11.2.5. Metals & Mining
11.2.6. Others
11.3. Africa Industrial Boilers Market, by Fuel, 2015-2027(US$ Bn)
11.3.1. Overview
11.3.2. Oil & Gas
11.3.3. Fossil
11.3.4. Non-Fossil
11.3.5. Biomass

12. Global
12.1. Global Industrial Boilers Market, by Application, 2015-2027(US$ Bn)
12.1.1. Overview
12.1.2. Chemicals & Petrochemicals
12.1.3. Paper & Pulp
12.1.4. Food & Beverages
12.1.5. Metals & Mining
12.1.6. Others
12.2. Global Industrial Boilers Market, by Fuel, 2015-2027(US$ Bn)
12.2.1. Overview
12.2.2. Oil & Gas
12.2.3. Fossil
12.2.4. Non-Fossil
12.2.5. Biomass

13. Company Profiles
13.1. AC Boilers
13.2. Dongfang Electric Corporation Ltd.
13.3. Bharat Heavy Electricals Ltd.
13.4. Cheema Boilers Limited
13.5. IHI Corporation
13.6. Forbes Marshall
13.7. Industrial Boilers
13.8. Thermax Ltd.
13.9. Siemens AG
13.10. Mitsubishi Heavy Industries, Ltd.
13.11. Harbin Electric Corporation
13.12. Others

List of Figures

FIG. 1 Global Industrial Boilers Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Industrial Boilers Market Segmentation

FIG. 4 Global Industrial Boilers Market, by Application, 2019 (US$ Bn)

FIG. 5 Global Industrial Boilers Market, by Fuel, 2019 (US$ Bn)

FIG. 6 Global Industrial Boilers Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Industrial Boilers Market Manufacturers, 2019

FIG. 9 Global Industrial Boilers Market Value Contribution, By Application, 2020 & 2027 (Value %)

FIG. 10 Global Industrial Boilers Market, by Chemicals & Petrochemicals, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Industrial Boilers Market, by Paper & Pulp, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Industrial Boilers Market, by Food & Beverages, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Industrial Boilers Market, by Metals & Mining, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Industrial Boilers Market Value Contribution, By Fuel, 2020 & 2027 (Value %)

FIG. 15 Global Industrial Boilers Market, by Oil & Gas, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Industrial Boilers Market, by Fossil, Value, 2015-2027 (US$ Bn)

FIG. 17 Global Industrial Boilers Market, by Non-Fossil, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Industrial Boilers Market, by Biomass, Value, 2015-2027 (US$ Bn)

FIG. 19 U.S. Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 20 Rest of North America Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 21 U.K. Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 22 Germany Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 23 France Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 24 Italy Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 25 Spain Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 26 Russia Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 27 BENELUX Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 28 Poland Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 29 Austria Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 30 Rest of Europe Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 31 Japan Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 32 China Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 33 India Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 34 South Korea Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 35 Australia Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 36 Southeast Asia Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 37 Rest of Asia Pacific Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 38 Middle East & Africa Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 39 South Africa Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 40 Nigeria Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 41 Egypt Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 42 GCC Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 43 Israel Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 44 Latin America Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 45 Mechanicalzil Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 46 Argentina Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 47 Colombia Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 48 Peru Industrial Boilers Market, 2015-2027 (US$ Bn)

FIG. 49 Chile Industrial Boilers Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices   (Industrial Boilers) Market

TABLE 2 Global Industrial Boilers Market, by Application, 2015-2027 (US$ Bn)

TABLE 3 Global Industrial Boilers Market, by Fuel, 2015-2027 (US$ Bn)

TABLE 4 Global Industrial Boilers Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Industrial Boilers Market, by Application, 2015-2027 (US$ Bn)

TABLE 6 North America Industrial Boilers Market, by Fuel, 2015-2027 (US$ Bn)

TABLE 7 North America Industrial Boilers Market, by Country, 2015-2027 (US$ Bn)

TABLE 8 Europe Industrial Boilers Market, by Application, 2015-2027 (US$ Bn)

TABLE 9 Europe Industrial Boilers Market, by Fuel, 2015-2027 (US$ Bn)

TABLE 10 Europe Industrial Boilers Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Industrial Boilers Market, by Application, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Industrial Boilers Market, by Fuel, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Industrial Boilers Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Industrial Boilers Market, by Application, 2015-2027 (US$ Bn)

TABLE 15 Latin America Industrial Boilers Market, by Fuel, 2015-2027 (US$ Bn)

TABLE 16 Latin America Industrial Boilers Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Industrial Boilers Market, by Application, 2015-2027 (US$ Bn)

TABLE 18 Middle East Industrial Boilers Market, by Fuel, 2015-2027 (US$ Bn)

TABLE 19 Middle East Industrial Boilers Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Industrial Boilers Market, by Application, 2015-2027 (US$ Bn)

TABLE 21 Africa Industrial Boilers Market, by Fuel, 2015-2027 (US$ Bn)

TABLE 22 Africa Industrial Boilers Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 AC Boilers: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments

TABLE 24 Dongfang Electric Corporation Ltd.: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments

TABLE 25 Bharat Heavy Electricals Ltd: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments

TABLE 26 Cheema Boilers Limited: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments

TABLE 27 IHI Corporation: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments

TABLE 28 Forbes Marshall: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments

TABLE 29 Industrial Boilers: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments

TABLE 30 Thermax Ltd..: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments

TABLE 31 Siemens AG: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments

TABLE 32 Mitsubishi Heavy Industries, Ltd.: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments

TABLE 33 Harbin Electric Corporation.: Company Snapshot (Company Overview; Application Portfolio; Financial Information; Key Developments