Market Research Logo

Industrial Boilers Market by Type (Fire-tube, Water-tube), Fuel Type (Natural Gas & Biomass, Oil, Coal), End-Use Industry (Chemical, Food, Refineries, Metals & Mining), Boiler Horsepower, and Region - Global Forecast to 2023

Industrial Boilers Market by Type (Fire-tube, Water-tube), Fuel Type (Natural Gas & Biomass, Oil, Coal), End-Use Industry (Chemical, Food, Refineries, Metals & Mining), Boiler Horsepower, and Region - Global Forecast to 2023

“Industrial Boilers market projected to reach USD 17.18 billion by 2023”
The global industrial boilers market is estimated at USD 13.07 billion in 2018 and is projected to reach USD 17.18 billion by 2023, at a CAGR of 5.6% between 2018 and 2023. Factors such as increasing demand from the food industry, growing demand for compact designs and lean operations, increasing use of natural gas in industrial activities, and government initiatives to promote clean energy and reduce dependency on fossil fuel directly or indirectly influence the global industrial boilers market. High installation cost is one of the major restraints for the industrial boilers market.

“10-150 BHP segment to dominate the industrial boilers market”
Based on boiler horsepower, the industrial boilers market has been segmented into 10-150 BHP, 151-300 BHP, and 301-600 BHP. The market is projected to be dominated by the 10-150 BHP segment by 2023, as most of the food and chemical industries prefer boilers in the 10-150 BHP range.

“Chemical segment to dominate the industrial boilers market”
Based on end-use industry, the industrial boilers market has been segmented into food, chemical, refining, metals & mining, and others. The food segment is projected to grow at the highest CAGR during the forecast period, with increasing expansion of processed food companies in developing regions. The chemical end-use industry segment is expected to dominate the market demand for industrial boilers by 2023 owing to the capacity expansion of existing facilities and new plants in emerging regions.

“Asia Pacific market projected to grow at highest CAGR during the forecast period”
The Asia Pacific industrial boilers market is anticipated to grow at the highest CAGR between 2018 and 2023. Asia Pacific is a major market for industrial boilers mainly due to rapid industrialization in the region. China is moving toward adopting natural gas-fired boilers for clean operations. India, another major market in the Asia Pacific region, is expected to register a significant demand during the forecast period.

Breakdown of the profile of primary participants:
By Company Type: Tier 1 - 10%, Tier 2 - 40%, and Tier 3 - 50%
By Designation: C Level - 45%, Director Level - 23%, and Others - 32%
By Region: Europe - 21%, North America - 16%, Asia Pacific - 53%, and Middle East & Africa -10%

Some of the major companies profiled in this report include Babcock & Wilcox (US), Dongfang (China), Siemens (Germany), General Electric (US), AC Boilers (Italy), Bharat Heavy Electricals Limited (India), Harbin Electric Group (China), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems (Japan), and Thermax (India).

Research Coverage:
This report offers an overview of the market trends, drivers, and challenges with respect to the industrial boilers market. It also provides a detailed overview of the market across five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The report categorizes the industrial boilers market on the basis of type, boiler horsepower, fuel type, end-use industry, and region. A detailed analysis of leading players, along with key growth strategies adopted by them, is also covered in the report.

Reasons to buy the report:
This report covers the following key aspects:
What will be the market size by 2023 and what will be the growth rate
What are the key market trends
What are the factors expected to drive the growth of the market
What are the challenges that impact market growth
Who are the key players in this market
Global report covers key regions, such as North America, Europe, and Asia-Pacific, including major countries in these regions, such as the US, China, India, Russia, and Germany


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • KEY DATA FROM SECONDARY SOURCES
      • KEY DATA FROM PRIMARY SOURCES
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
      • KEY INDUSTRY INSIGHTS
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table INDUSTRIAL BOILERS MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE INDUSTRIAL BOILERS MARKET
    • GLOBAL INDUSTRIAL BOILERS MARKET, BY REGION
    • INDUSTRIAL BOILERS MARKET, BY TYPE
    • INDUSTRIAL BOILERS MARKET, BY FUEL TYPE AND END-USE INDUSTRY
    • INDUSTRIAL BOILERS MARKET: EMERGING VS DEVELOPED COUNTRIES
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
        • Table TOP 10 NATURAL GAS PRODUCERS (2015)
      • CHALLENGES
        • Table GLOBAL AIR POLLUTANT EMISSION LIMITS
        • Table CHINA: THERMAL POWER BOILER AIR POLLUTANT LIMITS
    • COST STRUCTURE ANALYSIS
  • INDUSTRY TRENDS
    • INTRODUCTION
    • REVENUE POCKET MATRIX
      • REVENUE POCKET MATRIX FOR THE INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018
      • REVENUE POCKET MATRIX FOR THE INDUSTRIAL BOILERS MARKET, BY TYPE, 2017
      • REVENUE POCKET MATRIX FOR THE INDUSTRIAL BOILERS MARKET, BY BHP, 2018
      • REVENUE POCKET MATRIX FOR THE INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018
    • ECONOMIC INDICATORS
      • INDUSTRY OUTLOOK
        • Table FUEL CONSUMPTION BY US-BASED REFINERIES, 2010-2015 (THOUSAND BARRELS)
        • Table PRIMARY METALS INDUSTRY INDEXES AND GROWTH RATE, 2014
        • Table STEEL DEMAND FORECAST, FINISHED STEEL PRODUCTS, 2016
  • INDUSTRIAL BOILERS MARKET, BY FUEL TYPE
    • INTRODUCTION
      • Table INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2016-2023 (USD BILLION)
    • NATURAL GAS & BIOMASS
      • Table NATURAL GAS & BIOMASS-BASED INDUSTRIAL BOILERS MARKET, BY REGION, 2016-2023 (USD BILLION)
    • OIL
      • Table OIL-BASED INDUSTRIAL BOILERS MARKET, BY REGION, 2016-2023 (USD MILLION)
    • COAL
      • Table COAL-BASED INDUSTRIAL BOILERS MARKET, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table OTHER FUEL TYPES-BASED INDUSTRIAL BOILERS MARKET, BY REGION, 2016-2023 (USD MILLION)
  • INDUSTRIAL BOILERS MARKET, BY TYPE
    • INTRODUCTION
    • MARKET SIZE AND PROJECTION
      • Table INDUSTRIAL BOILERS MARKET, BY TYPE, 2016-2023 (USD BILLION)
    • FIRE-TUBE BOILERS
      • Table FIRE-TUBE BOILERS SEGMENT, BY REGION, 2016-2023 (USD BILLION)
    • WATER-TUBE BOILERS
      • Table WATER-TUBE BOILERS SEGMENT, BY REGION, 2016-2023 (USD MILLION)
  • INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER
    • INTRODUCTION
      • Table INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2016–2023 (USD BILLION)
    • 10-150 BHP
      • Table 10-150 BHP SEGMENT, BY REGION, 2016–2023 (USD MILLION)
    • 151 -300 BHP
      • Table 151 BHP-300 BHP SEGMENT, BY REGION, 2016–2023 (USD BILLION)
    • 301 - 600 BHP
      • Table 301 BHP-600 BHP SEGMENT, BY REGION, 2016–2023 (USD BILLION)
  • INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD BILLION)
    • CHEMICAL
      • Table INDUSTRIAL BOILERS MARKET FOR CHEMICAL INDUSTRY, BY REGION, 2016–2023 (USD MILLION)
    • FOOD
      • Table INDUSTRIAL BOILERS MARKET FOR FOOD INDUSTRY, BY REGION, 2016–2023 (USD MILLION)
    • METALS & MINING
      • Table INDUSTRIAL BOILERS MARKET FOR METALS & MINING, BY REGION, 2016–2023 (USD MILLION)
    • REFINERIES
      • Table INDUSTRIAL BOILERS MARKET FOR REFINERIES INDUSTRY, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS
      • Table INDUSTRIAL BOILERS MARKET FOR OTHER END-USE INDUSTRIES, BY REGION, 2016–2023 (USD MILLION)
  • REGIONAL ANALYSIS
    • INTRODUCTION
      • Table INDUSTRIAL BOILERS MARKET, BY REGION, 2016–2023 (USD BILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC INDUSTRIAL BOILERS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2016-2023 (USD MILLION)
      • CHINA
        • Table CHINA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • JAPAN
        • Table JAPAN INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • NEW ZEALAND
        • Table NEW ZEALAND INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • MALAYSIA
        • Table MALAYSIA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • INDIA
        • Table INDIA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • AUSTRALIA
        • Table AUSTRALIA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • HONG KONG
        • Table HONG KONG INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE INDUSTRIAL BOILERS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table EUROPE INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • Table EUROPE INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2016-2023 (USD MILLION)
      • Table EUROPE INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2016-2023 (USD MILLION)
      • GERMANY
        • Table GERMANY INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • FRANCE
        • Table FRANCE INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • UK
        • Table UK INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • SPAIN
        • Table SPAIN INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • ITALY
        • Table ITALY INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • BELGIUM
        • Table BELGIUM INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • RUSSIA
        • Table RUSSIA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA INDUSTRIAL BOILERS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • MEXICO
        • Table MEXICO INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • US
        • Table US INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
    • MIDDLE EAST & AFRICA (MEA)
      • Table MIDDLE EAST & AFRICA INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA INDUSTRIAL BOILERS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2016-2023 (USD MILLION)
      • IRAN
        • Table IRAN INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • UAE
        • Table UAE INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA INDUSTRIAL BOILERS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2016-2023 (USD MILLION)
      • BRAZIL
        • Table BRAZIL INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • COLOMBIA
        • Table COLOMBIA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • PERU
        • Table PERU INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
      • CONTRACT AND AGREEMENTS: THE MOST POPULAR GROWTH STRATEGY
    • COMPETITIVE SCENARIO
      • CONTRACTS AND AGREEMENTS
        • Table CONTRACTS AND AGREEMENTS, 2013–2016
      • EXPANSIONS
        • Table EXPANSIONS, 2015
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2014–2017
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2015
  • COMPANY PROFILES
    • AMEC FOSTER WHEELER PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BABCOCK & WILCOX ENTERPRISES, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DONGFANG ELECTRIC CORPORATION LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GENERAL ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • AC BOILERS S.P.A
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • BHARAT HEAVY ELECTRICALS LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HARBIN ELECTRIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • IHI CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • MITSUBISHI HITACHI POWER SYSTEMS, LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • THERMAX LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • OTHER KEY PLAYERS
      • AB&CO GROUP
      • ALFA LAVAL AALBORG
      • ANDRITZ ENERGY & ENVIRONMENT
      • SUZHOU HAILU HEAVY INDUSTRY
      • ROBEY-WELLMAN BOILERS & FURNACES LTD.
      • TAIYUAN BOILER GROUP
      • VAPOR POWER INTERNATIONAL, LLC
      • SUPERIOR BOILER WORKS INC.
      • BRYAN STEAM, LLC
      • HURST BOILER & WELDING COMPANY, INC.
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report