Global Industrial Steam Boilers Market was valued at USD 1.6 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The industrial steam boilers market is experiencing significant growth, driven by increasing demand across various industries, including power generation, food processing, chemical manufacturing, and more. These boilers are crucial in ensuring efficient energy production, heating, and industrial processes. With advancements in technology and an increasing emphasis on sustainability, the market is evolving rapidly to meet modern industrial needs.
In recent years, the industrial steam boilers market has been dominated by the need for energy-efficient, low-emission solutions. The shift towards renewable energy sources and the implementation of strict environmental regulations have pushed manufacturers to innovate. Boilers are now designed to minimize energy consumption, reduce greenhouse gas emissions, and ensure compliance with global environmental standards. The integration of automation and smart technologies has made boilers more reliable and easier to manage, thus increasing their popularity in industries that require high-pressure steam production.
Geographically, Asia Pacific remains the largest market for industrial steam boilers, with China and India being the leading countries in terms of demand. The expanding manufacturing sectors and infrastructure projects in these regions contribute to the growing need for efficient steam systems. Meanwhile, North America and Europe continue to maintain steady demand due to stringent environmental regulations and technological advancements in energy efficiency.
The market is segmented into various types of boilers, including fire-tube, water-tube, and electric boilers, each catering to specific industrial needs. Fire-tube boilers are known for their cost-effectiveness, whereas water-tube boilers are preferred for higher pressures and larger capacity requirements. Electric boilers are gaining traction due to their clean operation and minimal maintenance needs. This diversification allows industries to choose boilers that best suit their requirements, whether it's for small-scale operations or large industrial processes.
As industries focus more on reducing their carbon footprint, the development of alternative fuels such as biomass and solar energy is creating new opportunities for steam boiler manufacturers. The adoption of these green technologies is expected to drive further market growth, especially in countries with a strong emphasis on sustainability.
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Hurst Boiler and Welding Company
Inc
Booster Co.
Ltd./Boosterboiler
Daeyeol Boiler
Shuangliang Group
ZHEJIANG TUFF BOILER CO.
LTD.
Fulton Boiler Works
Inc Devotion corporation
FangKuai Boiler
Bosch Thermotechnik GmbH (LOOS)
Taishan Group Co.
LTD
Shanghai Industrial Boiler Limited Company
XINENG
JIANGSU TAIHU BOILER CO.
LTD.
Zu How Industry Co.
Ltd.
Taijune Enterprise Co.
Ltd.
CHUANG TING ENTERPRISE CO
PT. Grand Kartech Tbk
Viessmann Industrial Service GmbH
MIURA Co.
LTD.
KAWASAKI
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Steam Boilers Market
Food Industry
Pharmaceutical and Healthcare
Motor Vehicle
Chemical Industry
Other
Based on Types the Market is categorized into Below types that held the largest Industrial Steam Boilers market share In 2023.
Fire Tube Or Shell Boilers
Water Tube Boilers
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Industrial Steam Boilers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial Steam Boilers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Steam Boilers Market, By Type
6. Global Industrial Steam Boilers Market, By Application
7. Global Industrial Steam Boilers Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Industrial Steam Boilers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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