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Industrial Boilers - Global Strategic Business Report

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    Report

  • 263 Pages
  • May 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5968930
The global market for Industrial Boilers is estimated at US$18.4 Billion in 2023 and is projected to reach US$25.8 Billion by 2030, growing at a CAGR of 5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Fire-Tube Boilers segment, which is expected to reach US$16.1 Billion by 2030 with a CAGR of 5.5%. The Water-Tube Boilers segment is also set to grow at 4.1% CAGR over the next 7 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $5.5 Billion in 2023, and China, forecasted to grow at an impressive 4.7% CAGR to reach $4.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Industrial Boilers Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Boilers Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Industrial Boilers Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as AERCO, Babcock & Wilcox Enterprises, Inc., Electro-Steam Generator Corp., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 17 Featured):

  • AERCO
  • Babcock & Wilcox Enterprises, Inc.
  • Electro-Steam Generator Corp.
  • Harbin Electric Corporation co.,Ltd.
  • IHI Corporation
  • John Wood Group PLC
  • Nationwide Boiler Inc.
  • Siemens AG
  • Sofinter S.p.a
  • Thermax Limited

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Industrial Boilers: Reliable, Efficient, and Providing an Incredible Level of Performance Possibilities
  • Major Industrial Boiler Trends Summarized
  • Recent Market Activity
  • Global Market Outlook
  • While Fiscal Cliff Concerns Recede to Background, Improving Economy Bodes Well for Market Adoption
  • Industrial Boilers - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
  • Babcock & Wilcox Enterprises, Inc. (USA)
  • Bharat Heavy Electricals Limited (BHEL) (India)
  • Bosch Industriekessel GmbH (Germany)
  • Cannon Far East (China)
  • China Western Power Industrial Co., Ltd. (China)
  • Clayton Industries, Inc. (USA)
  • Doosan Power Systems Holdings Limited (UK)
  • GE Power (USA)
  • Wuhan Boiler Co., Ltd. (China)
  • Grundfos A/S (Denmark)
  • Hangzhou Boiler Group Co., Ltd. (China)
  • Harbin Boiler Company Limited (China)
  • IHI Corporation (Japan)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • LOINTEK (Spain)
  • Mitsubishi Hitachi Power Systems, Ltd. (MHPS) (Japan)
  • Miura Co., Ltd. (Japan)
  • Shanghai Electric Group Company Limited (China)
  • Sichuan Dongfang Boiler Group Co., Ltd. (China)
  • Sumitomo SHI FW (Japan)
  • Taishan Group Taian Boao International Trade Co., Ltd. (China)
  • Takuma Co., Ltd. (Japan)
  • Thermax Limited (India)
  • Danstoker A/S (Denmark)
  • Valmet Oyj (Finland)
  • Victory Energy Operations LLC (USA)
3. MARKET TRENDS & DRIVERS
  • Growing Prominence of Smart Boilers with Reduced Emissions, Decreased Maintenance Costs, and Improved Reliability Drives Healthy Market Growth
  • Novel Smart Technology to Monitor Boiler Water Level
  • Smart Way to Achieve Boiler Efficiency in Fruit/VegeTable Processing Plants
  • Focus on Sustainability and Energy Efficiency Drive Boiler Replacement Initiatives across the World
  • Retrofitting Existing Boilers with Advanced Components
  • Migrating towards Liquid Wood
  • Limiting NOx Emissions
  • Using Fully Metered or Parallel Positioning Systems
  • O2 Trim System and Variable Frequency Fan Drive (VFD)
  • Benefits of Fully Metered or Parallel Positioning Systems
  • Improving Iron and Steel Production Drives Demand for Industrial Boilers
  • Growing Construction Activity Worldwide Boost Prospects for Boilers in Building Materials Production
  • Stability in Global Manufacturing PMI Signals Growth Opportunities
  • Safety Attribute of Water Tube Boilers Drive Higher Adoption than Conventional Fire Tube Boilers
  • Increasing Global Investments on Oil & Gas Infrastructure Provides the Perfect Platform for Market Expansion
  • Superior Attributes of Circulating Fluidized Bed (CFB) Boilers over Pulverized Coal (PC) Technology Drive Demand
  • Benefits of CFB Boiler Technology
  • CFB Technology's Place in the Global Renewables Landscape
  • CFB Option Provides Optimal Value
  • Asia-Pacific: The CFB Boiler Market with the Highest Growth Potential
  • Spearheaded by China, Waste Heat Boilers Make a Strong Comeback
  • Energy Efficiency Remain Major Cost Driver for Industrial Boilers
  • Fuel Diversification Trend to Strongly Influence Industrial Boiler Market
  • Developing Countries: Primary Drivers of Growth
  • Migration from Coal to Natural Gas Fuel Presents Numerous Challenges
  • Multi-Fuel Boilers Become a Necessity for Optimizing Power Consumption
  • Multi-fuel Operation Poses Challenges for Boiler Operators
  • Heating Equipment in Key High Growth
  • Application Industries
  • Chemical Industry
  • Food Industry
  • Breweries & Distilleries
  • Paper & Pulp Industry
  • Laundries
  • Sewer Pipe Rehabilitation
  • Pharmaceuticals
  • Fertilizers
  • Textiles
  • Technology Advancements Enhance Boiler Energy Efficiency
  • Condens 7000 F: Innovative Simplification of Commercial Boiler Installations
  • New Innovative Boilers with On-Demand Technology and QSX Program
  • Innovative Digital Efficiency Assistant for Steam Boilers
  • New Boiler Technologies from Bosch
  • Connectivity and Control
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Chemical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Industrial Boilers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Industrial Boilers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Industrial Boilers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Fire-Tube by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Fire-Tube by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Fire-Tube by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Water-Tube by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Water-Tube by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Water-Tube by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Natural Gas & Biomass by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Natural Gas & Biomass by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Natural Gas & Biomass by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Coal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Coal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Coal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Other Fuel Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Other Fuel Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 27: World 16-Year Perspective for Other Fuel Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 29: World Historic Review for Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 30: World 16-Year Perspective for Food by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Refineries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 32: World Historic Review for Refineries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 33: World 16-Year Perspective for Refineries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for Metals & Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 35: World Historic Review for Metals & Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 36: World 16-Year Perspective for Metals & Mining by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 37: World Industrial Boilers Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Industrial Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Industrial Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Industrial Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Industrial Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Industrial Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Industrial Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Industrial Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Industrial Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AERCO
  • Babcock & Wilcox Enterprises, Inc.
  • Electro-Steam Generator Corp.
  • Harbin Electric Corporation co.,Ltd.
  • IHI Corporation
  • John Wood Group PLC
  • Nationwide Boiler Inc.
  • Siemens AG
  • Sofinter S.p.a
  • Thermax Limited

Table Information