The size of the boiler market was estimated at USD 17.33 billion in 2023, and from 2024 to 2030, total boiler revenue is predicted to increase at a compound annual growth rate of 5.9% to reach approximately USD 25.89 billion.
Boiler Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Boiler Market .The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Boiler Market by thorough analysis, and projections are made up to 2030.
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Boiler Market Scope and Methodology:
This report analyzes the Boiler Market across different regions and detailed segmentation, providing a definition, description, and forecast. It encompasses various important market factors along with comprehensive qualitative and quantitative investigations. This includes reviewing the competitive landscape, competitor profiles, industry analysis, economic implications, important viewpoints, market trends, and market assessment.
The report delves into past data, focusing on different Boiler Market scenarios and conducting a comprehensive evaluation of the factors influencing the market, including drivers, constraints, opportunities, challenges, and future trends. The report thoroughly examines market potential, market dynamics, growth opportunities, segmented markets, geographic scenarios, competition analysis, and predictions with the right methodology and assumptions. The study also involves evaluating the value chain, conducting PESTLE analysis, examining the impact, and conducting PORTER’s analysis.
Boiler Market Regional Insights
The study thoroughly examines the markets in the Middle East, Africa, South America, Asia Pacific, Europe, and North America. Understanding the intricate dynamics of the global Boiler Market is an essential component of the regional analysis provided in the report. The report contains details about the import and export of goods, market size, and growth rate for all countries. Furthermore, the report has also presented an overview of the latest advancements in the international Boiler Market across different countries and regions.
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Boiler Market Segmentation
by Fuel Type
Natural Gas Biomass
Coal
Oil
Others
by Boiler Type
Fire-Tube
Water-Tube
by Boiler Horsepower
10-150 BHP
151-300 BHP
301-600 BHP
by End-Use Industry
Chemical
Food
Refineries
Metals Mining
Others
In terms of End-Use Industry, the Chemicals industry segment dominated the Boiler market in 2023 with the greatest market share of over 38.45%.With the highest CAGR of 5.4%, it is anticipated to continue to dominate at the conclusion of the projected period. The dominance (of fertilizers and pesticides) has been attributed to the growing need for high-quality steam for the production of chemicals such as petrochemicals, industrial gases, alkali and chlorine, synthetic rubber, synthetic organic fibers, and agricultural chemicals. The chemical industry's industrial boiler market is expanding thanks to emerging economies like China and India, which have high energy consumption.
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Boiler Market Key Players
1. A.O. Smith (US)
2. Parker Boiler (US)
3. Cleaver-Brooks, Inc. (US)
4. Thermax Inc (US)
5. Weil-McLain (US)
6. Fulton Boiler Works, Inc. (US)
7. General Electric (US)
8. Babcock Wilcox Enterprises, Inc. (US)
9. BURNHAM COMMERCIAL BOILERS (US)
10. Hurst Boiler Welding Co, Inc. (US)
11. Bryan Steam LLC (US)
12. Superior Boiler (US)
13. Vapor Power International LLC (US)
14. Siemens AG (Germany)
15. Cochran Ltd (UK)
16. John Wood Group plc (UK)
17. Vattenfall AB (Sweden)
18. Alfa Laval AB (Sweden)
19. Sofinter S.p.a (Iatly)
20. ANDRITZ AG (Austria)
21. ABB Ltd (Switzerland)
22. Bharat Heavy Electricals (India)
23. Forbes Marshall (India)
24. IHI Corporation (Japan)
25. Mitsubishi Hitachi Power Systems, Ltd. (Japan)
26. Kawasaki Heavy Industries Ltd (Japan)
27. Wuxi Zozen Boilers Co., Ltd (China)
28. Shanghai Electric (China)
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Key questions answered in the Boiler Market are:
- What is Boiler ?
- What is the growth rate of the Boiler Market ?
- What was the Boiler Market size in 2023?
- What are the upcoming opportunities and trends for the Boiler Market ?
- What are the different segments of the Boiler Market ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Boiler Market ?
- What segments are covered in the Boiler Market ?
- Which are the factors expected to drive the Boiler Market growth?
- What growth strategies are the players considering to increase their presence in Boiler ?
- Who are the leading companies and what are their portfolios in Boiler Market ?
- Who are the key players in the Boiler Market?
- What is the CAGR at which the Boiler Market will grow during the forecast period?
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Key Offerings
- Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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