Europe Industrial Steam Boilers Market was valued at USD 6.8 Billion in 2022 and is projected to reach USD 10.3 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
The Industrial Steam Boilers Market in Europe is experiencing significant growth, driven by the increasing demand across various industries. These boilers are crucial for producing steam, which is used in applications ranging from power generation to heating and industrial processes. As industries become more advanced and energy efficiency gains importance, the need for high-performing, durable steam boilers is expected to continue rising.
Across Europe, the industrial steam boilers market has been segmented based on the type of boiler, including fire-tube boilers, water-tube boilers, and electric boilers. Fire-tube boilers, known for their reliability and low-cost operation, are widely used in smaller industrial plants. Water-tube boilers, on the other hand, are ideal for larger plants that require high-pressure steam and are often preferred in sectors like power generation and chemical production. Electric boilers are becoming more popular due to their clean energy use and minimal emissions.
The demand for these steam boilers varies across different industrial sectors. The power generation industry, for instance, is one of the largest consumers of industrial steam boilers in Europe. These boilers are integral to the production of steam for turbines, which in turn generate electricity. The chemical industry also contributes significantly to the market, using steam for processes like distillation, heating, and sterilization. Additionally, industries such as food and beverage, pharmaceuticals, and paper manufacturing rely on industrial steam boilers to support their operations.
European industries are becoming increasingly focused on improving the energy efficiency and environmental impact of their operations. This has led to the development of advanced industrial steam boilers that utilize renewable energy sources, such as biomass or solar energy, reducing reliance on fossil fuels. Furthermore, regulatory measures aimed at reducing carbon emissions are pushing the adoption of cleaner, more efficient steam boiler technologies.
The market is also seeing a rise in the integration of automation and digital technologies in steam boilers. Smart boilers equipped with sensors and IoT capabilities allow for better performance monitoring, predictive maintenance, and more efficient energy use. As industries look to optimize their operations, these technological advancements are set to play a critical role in the evolution of the industrial steam boilers market in Europe.
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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 Europe Industrial Steam Boilers Market
Fire-tube Boilers
Water-tube Boilers
Electric Boilers
Combination Boilers
Modular Boilers
Natural Gas
Oil
Coal
Biomass
Electricity
Waste Heat
Food and Beverage
Pharmaceuticals
Textile Industry
Pulp and Paper
Chemical Processing
Energy and Power Generation
Low Pressure (< 15 psi)
Medium Pressure (15-150 psi)
High Pressure (> 150 psi)
Manufacturing
Construction
Aerospace
Automotive
Power Plants
Hospitality and Institutions
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe 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. Europe Industrial Steam Boilers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Industrial Steam Boilers Market, By Type
6. Europe Industrial Steam Boilers Market, By Application
7. Europe Industrial Steam Boilers Market, By Geography
Europe
Germany
UK
France
8. Europe Industrial Steam Boilers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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