Industrial Boilers Market Size, Share and Global Trend By Type (Fire-tube, Water-tube), By Function (Hot Water, Steam), By Fuel Type (Natural Gas & Biomass, Oil, Coal), By End User (Food & Beverages, Chemical, Oil & Gas, Manufacturing, Others), and Regional Forecast, 2024-2032

Heat plays an essential part in residential, commercial, industrial, and agricultural applications. From the past few years, boilers are adopted in a massive amount in the industrial sector, to provide thermal heating for multiple purposes, such as water heating, boiler-based power generation, central heating and many others. An industrial boiler is a closed vessel, which allows the liquid (generally water) to heat at a specific temperature. These boilers systems are welded from thick steel plates, which allows the boiler to provide the pressure of 30 bar and more. Generally, the pressure inside an industrial boiler depends on the different applications.

An industrial boiler can be used in multiple industries, such as food and beverages including breweries, building material, wood, paper, chemical, oil & gas, automotive and among others. Manufacturers of industrial boilers are concentrating on developing large boilers, on providing more capacity to the end user.

For instance, Bosch Industriekessel GmbH offers hot water boilers up to the range of 38 MW and heating boilers with 19.2 MW capacity. Bosch Industriekessel provides its products to companies, such as Nestle, Coca Cola, Red Bull, Daimler, and many more.

The industrial boiler market is expected to invite and increasing demand in the respective industries.  The market is growing with the increasing development of power plants in different regions: an industrial boiler plays an essential role in producing energy. Moreover, the demand for industrial boilers is increasing for high energy absorption and flexible transportability.

Key Players Covered

Some of the major players in the Industrial Boilers market include Mitsubishi Heavy Industries Marine Machinery & Equipment Co. Ltd., General Electric Company, Harbin Power Equipment Co. Ltd., IHI Corporation, Babcock & Wilcox Co., Thermax Ltd., Doosan Heavy Industries & Construction, Dongfang Electric Corporation Ltd., and Bharat Heavy Electricals Ltd.

SEGMENTATION

SEGMENTATION	DETAILS
By Type	Fire-tube Water-tube Others
By Function	Hot Water Steam
By Fuel Type	Natural Gas & Biomass Oil Coal
By End User	Food & Beverages Chemical Oil & Gas Manufacturing Others
By Geography	North America (the USA and Canada) Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

 

Regional Analysis

The industrial boiler market in North America is relatively matured as compared with other regions, owing to the presence of manufacturers in the region. Increasing demand for industrial boilers in commercial, agriculture and industrial sector is driving the growth of the market in the North American. In the APAC, the market is growing with the adoption and installation of power plants for energy production. Moreover, the governments of countries, such as India and China, are focused on investing in green energy projects, on stopping pollution by reducing greenhouse gases.

Key Industry Development

• On December 26, 2017, Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. had achieved an order of 200 boilers, to accelerate the business development of the Chinese Market.
• In May 11, 2017, Mitsubishi Hitachi Power Systems, Ltd. contracted with CEPC for rehabilitation project in Egypt. In this, Mitsubishi Hitachi Power Systems, Ltd. will repair the power generation boilers with a rated output of 1,360 MW.