Industrial Boiler Maintenance

Global Industrial Boiler Maintenance Market to Reach US$25.6 Billion by 2030

The global market for Industrial Boiler Maintenance estimated at US$21.5 Billion in the year 2024, is expected to reach US$25.6 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2024-2030. Fire Tube, one of the segments analyzed in the report, is expected to record a 2.2% CAGR and reach US$16.0 Billion by the end of the analysis period. Growth in the Water Tube segment is estimated at 4.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.9 Billion While China is Forecast to Grow at 5.4% CAGR

The Industrial Boiler Maintenance market in the U.S. is estimated at US$5.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.0 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 2.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Global Industrial Boiler Maintenance Market – Key Trends & Drivers Summarized

How Is the Industrial Boiler Maintenance Market Evolving with Modern Efficiency Standards?

The industrial boiler maintenance market is undergoing significant changes as industries seek to enhance operational efficiency, ensure regulatory compliance, and extend the lifespan of their boiler systems. Boilers play a crucial role in industries such as power generation, chemical processing, food and beverage production, and paper manufacturing, where steam and hot water are essential for various processes. Regular maintenance is critical to prevent equipment failures, improve fuel efficiency, and minimize downtime.

Advancements in predictive maintenance technologies are reshaping the market, with industries increasingly adopting AI-driven analytics and IoT-based monitoring systems to detect potential faults before they lead to costly breakdowns. Automated boiler maintenance solutions that provide real-time diagnostics, performance optimization, and remote monitoring are becoming industry standards. Additionally, the shift toward energy-efficient boiler operations has prompted industries to invest in modern combustion control systems, flue gas analyzers, and water treatment solutions that enhance overall boiler performance while reducing emissions.

What Industries Are Driving the Demand for Industrial Boiler Maintenance Services?

The demand for industrial boiler maintenance services is growing across multiple industries, with power plants, refineries, food processing plants, and paper mills being the primary users. The power generation sector is a major driver, as steam boilers are essential for electricity production, and maintaining optimal performance is critical for meeting energy demands. The petrochemical and refining industries also rely heavily on boiler maintenance to ensure safe and efficient processing of raw materials.

The food and beverage industry is another significant consumer, as boilers are used for sterilization, cooking, and pasteurization processes. With stringent food safety and quality regulations, regular maintenance is crucial to prevent contamination and ensure compliance. Additionally, industries such as textiles, pharmaceuticals, and breweries are investing in preventive boiler maintenance to improve efficiency, reduce operational costs, and meet sustainability goals.

What Are the Key Factors Driving Growth in the Industrial Boiler Maintenance Market?

The growth in the industrial boiler maintenance market is driven by several factors, including increasing regulatory requirements, rising demand for energy-efficient operations, and advancements in predictive maintenance technology. Governments worldwide are enforcing stringent emission norms and efficiency standards, compelling industries to invest in regular boiler servicing and upgrades.

Another major growth driver is the adoption of automation and AI-based predictive maintenance tools. Smart boiler monitoring systems equipped with remote diagnostics, real-time data analytics, and automated fault detection are helping industries reduce downtime and optimize fuel consumption. Additionally, the increasing focus on sustainable energy practices and boiler retrofitting is expected to fuel market expansion. With industries prioritizing cost-effective and eco-friendly boiler maintenance solutions, the market is poised for substantial growth in the coming years.

SCOPE OF STUDY:

The report analyzes the Industrial Boiler Maintenance market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Fire Tube, Water Tube); Application (Food Processing, Pulp & Paper, Chemical, Refinery, Primary, Metal, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 32 Featured) -

• ALFA LAVAL
• Babcock & Wilcox Enterprises, Inc.
• Babcock Wanson
• Bosch Industriekessel GmbH
• Cleaver-Brooks, Inc.
• Doosan Babcock
• Fulton Boiler Works, Inc.
• Hurst Boiler & Welding Co., Inc.
• Indeck Power Equipment Company
• John Wood Group PLC
• Mitsubishi Heavy Industries, Ltd.
• Miura America Co., Ltd.
• Nationwide Boiler Inc.
• Power Mechanical, Inc.
• Powerhouse Equipment & Engineering Co., Inc.
• Rentech Boiler Systems, Inc.
• Siemens AG
• Thermax Limited
• Thermodyne Engineering Systems
• Wärtsilä Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.