Package Boiler Market Size, Share and Global Trend By Construction (Fire Tube Boiler, Water Tube Boiler, Electric Boiler), By Type (D-type, A-type, O-type), By Fuel (Solid, Liquid, Gas), By End-User (Oil & Gas, Chemical, Food and Beverage, Paper & Pulp) and Regional Forecast, 2024-2032

Process heating technologies supply heat to nearly all manufacturing processes. Whether in the production of materials such as steel, cement, and composites or the manufacture of value-added products such as electronics, computer chips, cosmetics, and textiles, process heating is a critical manufacturing step throughout the industry. Process heating technologies also represent a significant opportunity to improve industrial productivity, energy efficiency, and global competitiveness.

Package boilers are used to supply process heat. Process heat is supplied using steam, hot air, hot water, or thermic fluid. The packaged boiler comes as a complete factory-assembled with all mountings, accessories, and control installed instrumentation on it. Once it delivered to site, the boiler requires only the steam & feedwater pipeline, fuel supply connections and electrical connections to be made for package boiler to become operational.

Based on construction, the package boiler is divided into fire tube boiler, water tube boiler, electric boiler, and others. Water-tube boilers are used for small and some medium-scale applications while the fire tube is used for medium and large scale applications. Based on type, the package boiler market si bifurcated as D-type, A-type and O-type boilers. Based on fuel, package boiler system is differentiated in solid fuel, liquid fuel, and gaseous fuels. Fuels used for package boilers can be an industrial waste, biomass, biofuels, etc. Based on end-user, package boilers can be segmented in oil & gas, chemical, food and beverage, paper & pulp, and others.

The primary market driver for the global package boiler market is the modernization and upgradation of process heat infrastructure. An aging boiler system is being replaced with a compact and efficient package boiler system. Package boilers use industrial waste as fuel and act as incinerator of waste. Package boilers are extensively used in co-generation plants. The critical market restraint for package boiler system is the high cost of the fully automated and instrumented system.

Key Players Covered

Some of the major companies that are present in the package boiler market are Babcock & Wilcox, Thermodyne Engineering system, Thermax Limited, Nationwide Boiler Inc., Indeck Power Equipment Company, Wood, Manley’s Boiler LLC, Forbes Marshall, Kawasaki Thermal Engineering Co. Ltd., National Boiler Service, HME Boilers Pvt Ltd., Bosch Industriekessel GmbH, Cleaver-Brooks, Isgec Heavy Engineering Ltd., Wuxi Zozen Boiler Co. Ltd. and Volcano Co., Ltd. 

SEGMENTATION

Regional Analysis

The global package boilers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The demand for the package boiler is dominated by the Asia-Pacific region. An increase in power generation plants, increase in oil & gas downstream activities, and growth of manufacturing output in Asian countries is a significant driver for the package boiler market. Africa has the highest potential for package boiler market in the coming year. Middle-Eastern countries will provide steady growth for package boiler market because of the increase in the use of waste from the oil and gas industry as a fuel for package boiler. This not only solves the problem of waste disposal but also increases the efficiency of the plant. The aging boiler systems in Europe and North America will be replaced by modern, remote-monitored, automated, compact, IOT based package boiler systems. Brazil is expected to dominate the package boiler market in Latin America on account of increasing biofuels production.

Key Industry Developments

• In April 2019, Veolia Water Technologies South Africa supplied a 10 cubic meters per hour package plant to treat the boiler feedwater at a natural gas-fired combined cycle power plant in Tanzania.
• In October 2018, ND Paper LLC will invest $189 million in the paper mill in Biron near Wisconsin Rapids that will convert one machine to produce containerboard products, build a recycled pulp facility and construct a water treatment and fiber recovery plant, a package boiler and warehouse facilities.
• In July 2018, GE Power, an arm of the American industrial conglomerate GE, has bagged two orders worth $72.4 million from India’s largest power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) for supplying boiler equipment.