Industrial Gas Fired Boilers Market size was valued at USD 6.5 Billion in 2024 and is forecasted to grow at a CAGR of 5.1% from 2026 to 2033, reaching USD 9.8 Billion by 2033.
In 2022, the global industrial boilers market was valued at approximately USD 15.3 billion and is projected to reach USD 19.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.3% from 2022 to 2030. Asia Pacific dominated the market, accounting for around 41.8% of the revenue share in 2022, and is anticipated to witness the fastest CAGR of 5.6% over the forecast period. This growth is driven by the regions large and growing population, increasing industrialization, and supportive government policies promoting energy efficient solutions. In India, rapid industrialization and the expanding e commerce sector have led to a heightened demand for industrial boilers. Europe held a considerable revenue share in 2022, attributed to rapid industrialization and the presence of industries such as FMCG, food and beverage, and power. Strict environmental regulations in Europe are further boosting the demand for industrial boilers.North America accounted for approximately 35% of the global gas fired boilers market, driven by a strong industrial base and a demand for energy efficient solutions, with the United States leading in both commercial and industrial applications. Europe followed closely, holding about 30% of the market share, with countries like Germany, the UK, and France emphasizing high efficiency and environmentally friendly heating systems due to stringent emission regulations. The Middle East & Africa region, though smaller in market share, is experiencing growth driven by industrial expansion and infrastructure development, particularly in countries such as the UAE and Saudi Arabia. Overall, the industrial gas fired boilers market is witnessing significant growth across various regions, driven by factors such as rapid industrialization, environmental regulations, and technological advancements.
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Viessmann
Forbes Marshall
Babcock & Wilcox
Miura
Rentech Boiler
Fulton
Hurst Boiler & Welding Company
Inc.
Ferroli
Hoval
Parker Boiler
Fondital
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. 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 Gas Fired Boilers Market
Fire-Tube Boilers
Water-Tube Boilers
Flexible Boilers
Condensing Boilers
Power Generation
Manufacturing
Chemicals
Pharmaceuticals
Metals and Mining
Less than 10 MMBtu/hr
10 to 50 MMBtu/hr
51 to 100 MMBtu/hr
Above 100 MMBtu/hr
Natural Gas
Propane
Biogas
Other Gases
Steam Generation
Hot Water Generation
Space Heating
Process Heating
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, 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 Gas Fired 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 Gas Fired Boilers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Gas Fired Boilers Market, By Type
6. Global Industrial Gas Fired Boilers Market, By Application
7. Global Industrial Gas Fired Boilers Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Gas Fired Boilers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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