Steam Boiler System Market - Forecasts from 2025 to 2030

The Steam Boiler System Market will reach US$21.607 billion in 2030 from US$17.655 billion in 2025 at a CAGR of 4.12% during the forecast period.

A steam boiler system is an economical way to create and move steam around a facility. The boiler creates steam by applying heat energy to water which is then used for generating power in steam engines or steam turbines, in process industries for various processes, for heating buildings in cold weather, and to produce hot water for hot water supply. There are two main types of steam boilers, fire tube, and water tube boilers. These systems are being used in Oil & Gas, Power, Chemical, and Food processing industries and in residential areas as well. The boilers can be coal-fired, oil-fired, or biomass-fired and each of them is designed differently. Coal is one of the major fuels used due to its easy availability and low cost. The Asia-Pacific region holds a significant market share due to industrial growth in countries like India and China.

Rapid urbanization and the growth of manufacturing industries are boosting electricity demand, serving as key drivers for the steam boiler systems market. The construction of new power plants and the expansion of existing ones are further fueling this growth. Additionally, the increasing use of steam boilers in commercial and residential sectors is expected to propel the market during the forecast period. However, the high initial and maintenance costs of steam boilers pose a significant challenge to market expansion.

The global steam boiler system market report delivers a comprehensive analysis of the industry, providing strategic and executive-level insights backed by data-driven forecasts. This regularly updated report empowers decision-makers with actionable intelligence on market trends, emerging opportunities, and competitive dynamics. It evaluates demand for various steam boiler types, including fire-tube boilers, water-tube boilers, and electric boilers, while examining applications in sectors such as power generation, oil & gas, chemical processing, food & beverage, healthcare, and other industries. The report also explores technological advancements, key government policies, regulatory frameworks, and macroeconomic factors, offering a holistic view of the market.

Some of the major players covered in this report include Thermax Limited, GE (General Electric), Alfa Laval, Bosch Industriekessel GmbH, Cleaver-Brooks, Cochran Dura-Line Holdings, Inc, Byworth Boilers, Forbes Marshall, Parker Boiler, Viessmann, Miura America among others.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

How can the data from this report be utilized?

Industry & Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, and Competitive Intelligence.

Report Coverage

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Steam Boiler System Market Segmentation by Product Type:

The market is analyzed by product type into the following:

• Fire Tube Boiler
• Water Tube Boiler
• Electric Boiler
• Others

Steam Boiler System Market Segmentation by Fuel Type:

The report analyzed the market by fuel type as below:

• Coal
• Oil
• Biomass
• Others

Steam Boiler System Market Segmentation by Pressure:

The market is analyzed by pressure into the following:

• High-Pressure
• Medium-Pressure
• Low-Pressure

Steam Boiler System Market Segmentation by End-User Segment:

The report analyzed the market by end-user segment as below:

• Oil & Gas Industry
• Chemical Industry
• Power Generation
• Food and Beverage
• Manufacturing
• Others

Steam Boiler System Market Segmentation by Regions:

The study also analysed the steam boiler system market into the following regions, with country level forecasts and analysis as below:

• North America (US, Canada and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain and Others
• Middle East and Africa (Saudi Arabia, UAE and Others)
• Asia-Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Steam Boiler System Market Report Coverage

This report provides extensive coverage as explained in the points below:

• Market size, forecasts, and trends by different types, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas.
• Market size, forecasts, and trends by product type, with historical revenue data and analysis.
• Market size, forecasts, and trends by fuel type, with historical revenue data and analysis.
• Market size, forecasts, and trends by pressure, with historical revenue data and analysis of sales based on applications.
• Market size, forecasts, and trends by end-user segment, with historical revenue data and analysis across various segments.
• Steam Boiler System market is also analysed across different regions, with historical data, regional share, attractiveness and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario and other complementing factors aiding in market growth.
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter's five forces model.
• Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge.
• Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented.

Reasons to Purchase This Report

• The report provides a strategic outlook of the steam boiler system market to decision-makers, analysts and other stakeholders in easy-to-read format for taking informed decisions.
• The charts, tables and figures make it easy for executives to gain valuable insights while skimming through the report.
• Analyst support through calls and email for timely clarification and incorporating additional requests.
• Option of presentation or doc format with the estimates file to take care of diverse requirements.
• 15% free customization to help cater for additional requirements with significant cost-savings.