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Global Industrial Boilers Market Size, Share & Trends Analysis Report by Application (Chemicals & Petrochemicals, Paper & Pulp, Food & Beverage, Metals & Mining), by Fuel, by Region, and Segment Forecasts, 2021-2028

  • ID: 5415534
  • Report
  • March 2021
  • Region: Global
  • 150 pages
  • Grand View Research

FEATURED COMPANIES

  • AC Boilers
  • Cheema Boilers Limited
  • Forbes Marshall
  • IHI Corporation
  • Siemens AG
  • Thermax Ltd.
The global industrial boilers market size is expected to reach USD 20.1 billion by 2028. The market is expected to expand at a CAGR of 5.0% from 2021 to 2028. Rapid industrialization in developing economies is expected to boost the demand for the industry during the forecast period. In addition, the growing food and beverage industry is expected to positively impact product demand over the coming years.



Boilers are vessels that produce steam to fulfill heating requirements with the support of numerous energy sources including oil and gas, fossils, non-fossils, and biomass. These vessels are used by numerous industries including food and beverage, power, textiles, FMCG, and thermal power plants. Chemicals and petrochemical is the largest industry to use industrial boilers.

Growing industrialization including the expansion of existing plants and the establishment of new manufacturing plants are likely to drive the market over the forecast period. Growing population coupled with increasing disposable income is likely to boost the growth of the food and beverage industry. As a result, there is a constant expansion of manufacturing plants across the globe, which, in turn, will boost product demand, especially in developed economies.

One of the key challenges faced by the industry is the emission of harmful gases into the environment. However, strict regulations implemented by numerous regulatory bodies have driven manufacturers to modify their products accordingly. The modified products not only comply with the regulations but are also energy efficient. These changes are expected to further boost the adoption of these products, thus, driving the market.

Industrial Boilers Market Report Highlights

  • The market is anticipated to witness significant growth over the forecast period on account of factors such as rising industrialization and growing industrial boilers utilizing industries including food and beverage, textile, power, and FMCG
  • The chemicals and petrochemicals application segment is expected to dominate the market by 2028 owing to the rising demand for petrochemical intermediate products
  • Asia Pacific held the largest revenue share in 2020 and is anticipated to register significant growth over the forecast period owing to growing numerous industries including food and beverage and petrochemical
  • In Canada, the market is anticipated to reach USD 758.8 million by 2028 owing to the high disposable income that contributes to the growth of the food processing industry, which in turn, is expected to surge product demand over the coming years
  • The industry is highly fragmented owing to the presence of numerous market participants

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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AC Boilers
  • Cheema Boilers Limited
  • Forbes Marshall
  • IHI Corporation
  • Siemens AG
  • Thermax Ltd.
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Chapter 3. Market Variables, Trends, and Scope
3.1. Market Segmentation & Scope
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Analysis
3.3.2. Sales Channel Analysis
3.4. Regulatory Framework
3.5. Technology Overview
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Business Environmental Tools Analysis: Industrial Boilers Market
3.7.1. Porter’s Five Forces Analysis
3.7.1.1. Bargaining Power of Suppliers
3.7.1.2. Bargaining Power of Buyers
3.7.1.3. Threat of Substitutes
3.7.1.4. Threat of New Entrants
3.7.1.5. Competitive Rivalry
3.7.2. PESTLE Analysis
3.7.2.1. Political Landscape
3.7.2.2. Economic Landscape
3.7.2.3. Social Landscape
3.7.2.4. Technology Landscape
3.7.2.5. Environmental Landscape
3.7.2.6. Legal Landscape

Chapter 4. COVID-19: Impact Analysis

Chapter 5. Industrial Boilers Market: Fuel Estimates & Trend Analysis
5.1. Industrial Boilers Market: Fuel Movement Analysis, 2020 & 2028
5.2. Oil & Gas
5.2.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
5.3. Fossil
5.3.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
5.4. Non-Fossil
5.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
5.5. Biomass
5.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)

Chapter 6. Industrial Boilers Market: Application Estimates & Trend Analysis
6.1. Industrial Boilers Market: Application Movement Analysis, 2020 & 2028
6.2. Chemicals & Petrochemicals
6.2.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3. Paper & Pulp
6.3.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4. Food & Beverage
6.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.5. Metals & Mining
6.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.6. Others
6.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)

Chapter 7. Industrial Boilers Market: Regional Estimates & Trend Analysis
7.1. Industrial Boilers Market: Regional Movement Analysis, 2020 & 2028
7.2. North America
7.2.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.2.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.2.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.2.4.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.2.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.2.5.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.2.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.3.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.3.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.3.4. Russia
7.3.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.3.4.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.3.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.3.5. U.K.
7.3.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.3.5.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.3.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.3.6. Italy
7.3.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.3.6.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.3.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.3.7. France
7.3.7.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.3.7.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.3.7.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.3.8. Spain
7.3.8.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.3.8.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.3.8.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.4.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.4.4.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.4.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.4.5.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.4.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.4.6. Japan
7.4.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.4.6.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.4.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.4.7. South Korea
7.4.7.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.4.7.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.4.7.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.5.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.5.4.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.5.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.6.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.6.4. UAE
7.6.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.6.4.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.6.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
7.6.5. Saudi Arabia
7.6.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
7.6.5.2. Market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
7.6.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)

Chapter 8. Competitive Landscape
8.1. Key Global Players, Their Initiatives, & Its Impact on the Market
8.2. Key Company/Competition Categorization
8.3. Vendor Landscape
8.4. Strategic Framework

Chapter 9. Company Profiles
9.1. Thermax Ltd.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Siemens AG
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Bharat Heavy Electricals Ltd.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Forbes Marshall
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Babcock & Wilcox Enterprises, Inc.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Mitsubishi Heavy Industries, Ltd.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Harbin Electric Corporation
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Cheema Boilers Limited
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. IHI Corporation
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. AC Boilers
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Dongfang Electric Corporation Ltd.
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives

List of Tables
Table 1 List of Abbreviations
Table 2 List of key regulations/standards/guidelines
Table 3 Global industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 4 Global industrial boilers market estimates and forecasts, in chemicals & petrochemicals, 2017 - 2028 (USD Million)
Table 5 Global industrial boilers market estimates and forecasts, in chemicals & petrochemicals, by region, 2017 - 2028 (USD Million)
Table 6 Global industrial boilers market estimates and forecasts, in paper & pulp, 2017 - 2028 (USD Million)
Table 7 Global industrial boilers market estimates and forecasts, in paper & pulp, by region, 2017 - 2028 (USD Million)
Table 8 Global industrial boilers market estimates and forecasts, in food & beverages, 2017 - 2028 (USD Million)
Table 9 Global industrial boilers market estimates and forecasts, in food & beverages, by region, 2017 - 2028 (USD Million)
Table 10 Global industrial boilers market estimates and forecasts, in metals & mining, 2017 - 2028 (USD Million)
Table 11 Global industrial boilers market estimates and forecasts, in metals & mining, by region, 2017 - 2028 (USD Million)
Table 12 Global industrial boilers market estimates and forecasts, in other applications, 2017 - 2028 (USD Million)
Table 13 Global industrial boilers market estimates and forecasts, in other applications, by region, 2017 - 2028 (USD Million)
Table 14 Global industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 15 Global industrial boilers market estimates and forecasts, in oil & gas, 2017 - 2028 (USD Million)
Table 16 Global industrial boilers market estimates and forecasts, in oil & gas, by region, 2017 - 2028 (USD Million)
Table 17 Global industrial boilers market estimates and forecasts, in fossil, 2017 - 2028 (USD Million)
Table 18 Global industrial boilers market estimates and forecasts, in fossil, by region, 2017 - 2028 (USD Million)
Table 19 Global industrial boilers market estimates and forecasts, in non-fossil, 2017 - 2028 (USD Million)
Table 20 Global industrial boilers market estimates and forecasts, in non-fossil, by region, 2017 - 2028 (USD Million)
Table 21 Global industrial boilers market estimates and forecasts, in biomass, 2017 - 2028 (USD Million)
Table 22 Global industrial boilers market estimates and forecasts, in biomass, by region, 2017 - 2028 (USD Million)
Table 23 North America industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 24 North America industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 25 North America industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 26 U.S. industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 27 U.S. industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 28 U.S. industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 29 Canada industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 30 Canada industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 31 Canada industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 32 Europe industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 33 Europe industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 34 Europe industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 35 France industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 36 France industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 37 France industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 38 U.K. industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 39 U.K. industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 40 U.K. industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 41 Russia industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 42 Russia industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 43 Russia industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 44 Italy industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 45 Italy industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 46 Italy industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 47 Spain industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 48 Spain industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 49 Spain industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 50 Asia Pacific industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 51 Asia Pacific industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 52 Asia Pacific industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 53 China industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 54 China industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 55 China industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 56 India industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 57 India industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 58 India industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 59 South Korea industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 60 South Korea industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 61 South Korea industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 62 Japan industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 63 Japan industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 64 Japan industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 65 Middle East & Africa industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 66 Middle East & Africa industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 67 Middle East & Africa industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 68 Saudi Arabia industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 69 Saudi Arabia industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 70 Saudi Arabia industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 71 UAE industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 72 UAE industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 73 UAE industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 74 Central & South America global industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 75 Central & South America global industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 76 Central & South America global industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)
Table 77 Brazil industrial boilers market estimates and forecasts, 2017 - 2028 (USD Million)
Table 78 Brazil industrial boilers market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 79 Brazil industrial boilers market estimates and forecasts, by fuel, 2017 - 2028 (USD Million)

List of Figures
Fig. 1 Global Industrial Boilers Market Segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market Formulation & Data Validation
Fig. 5 Data Publishing
Fig. 6 Market Outlook
Fig. 7 Segmental Outlook
Fig. 8 Competitive Outlook
Fig. 9 Global Boilers Outlook
Fig. 10 Global Industrial Boilers Market Outlook
Fig. 11 Penetration and growth prospect mapping (USD Million)
Fig. 12 Value Chain Analysis
Fig. 13 Global Industrial Boilers Market Dynamics
Fig. 14 Trade Analysis
Fig. 15 Industry Analysis - Porter’s
Fig. 16 PESTEL Analysis
Fig. 17 Application Movement Analysis, (% Share) 2020 & 2028
Fig. 18 Fuel Movement Analysis, (% share) 2020 & 2028
Fig. 19 Regional Movement Analysis, (% Share), 2020 & 2028
Fig. 20 Industrial Boilers Market Regional Overview
Note: Product cover images may vary from those shown
  • Thermax Ltd.
  • Siemens AG
  • Bharat Heavy Electricals Ltd.
  • Forbes Marshall
  • Babcock & Wilcox Enterprises, Inc.
  • Mitsubishi Heavy Industries, Ltd.
  • Harbin Electric Corporation
  • Cheema Boilers Limited
  • IHI Corporation
  • AC Boilers
  • Dongfang Electric Corporation Ltd.
Note: Product cover images may vary from those shown

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