Boiler Market Industry Size, Development, Key Opportunities And Analysis Of Key Players To 2029

Report Scope: The Global Boiler Market Report provides comprehensive insights into the boiler industry, covering market dynamics, segmentation by end-use industry, and regional analysis. The report also delves into the research methodology employed for this study.

Research Methodology: Our market research employs a robust methodology that combines primary and secondary research sources, ensuring accuracy and reliability of the data. In-depth industry analysis, interviews with key stakeholders, and extensive data mining form the core of our research approach.

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Market Value : 

Boiler Market size was valued at USD 16.37 Bn. in 2022 and the total Boiler revenue is expected to grow at a CAGR of 5.9 % from 2023 to 2029, reaching nearly USD 24.45 Bn.

Boiler Market Segment Analysis : 

End-Use Industry: The chemicals industry segment dominated the boiler market in 2022, holding a market share of approximately 38.45%. It is expected to maintain its dominance with the highest CAGR of 5.4% throughout the forecast period. The demand for high-quality steam in chemical manufacturing, including petrochemicals, industrial gases, and agricultural chemicals, is a key driver for this dominance.

by Boiler Horsepower

1. 10-150 BHP
2. 151-300 BHP
3. 301-600 BHP
by End-Use Industry

1. Chemical
2. Food
3. Refineries
4. Metals & Mining
5. Others

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Regional Insights:

Asia-Pacific: The Asia-Pacific region led the global boiler market in 2022 and is expected to maintain its dominance during the forecast period. China, India, and Japan's growing demand for thermal energy across various industries, such as chemicals and food processing, is driving market growth. Rapid industrialization, low-cost production elements, and government initiatives to attract foreign direct investments (FDIs) are also contributing to this growth.

Boiler Market Key Companies :

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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