Europe Steam Boiler Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034
Description
Europe Steam Boiler Market was valued at USD 4.7 billion in 2024 and is estimated to grow at a CAGR of 5.8%, to reach USD 8.3 billion by 2034.
The market growth was driven by rising demand for energy-efficient heating solutions, rapid industrialization, and the growing adoption of cleaner technologies across multiple sectors. Steam boilers, which play a critical role in power generation, manufacturing, food processing, and chemical industries, are witnessing a resurgence in demand as companies across Europe focus on reducing carbon emissions while maintaining operational efficiency. Stricter environmental regulations, coupled with government incentives to encourage the use of low-emission and high-efficiency boilers, are reshaping the market landscape. Additionally, the rising need for reliable heating systems in commercial and residential sectors, combined with ongoing modernization of aging industrial infrastructure, is further fueling market growth across the region.
The oil fired steam boiler segment held a share of 22.1% in 2024. High calorific value and availability of abundant fuel supply are some of the prominent factors favoring the deployment of these boilers. Rising demand for lubricants, petrol, diesel, LNG and other petroleum products will stimulate the product demand. Refineries deploy some of the largest industrial boilers for distillation purpose. Surging domestic shale oil output from the Permian, the Bakken and other shale basins coupled with rising exports will further complement the business outlook.
The condensing boilers segment generated USD 2.2 billion in 2024. The widespread adoption of condensing boilers is driven by their ability to deliver lower heating costs, enhanced energy efficiency, and improved safety during operation. Industries such as hospitality, healthcare, and manufacturing are increasingly investing in these systems to meet stringent environmental regulations while optimizing operational expenses.
Germany Steam Boiler Market was valued at USD 761.3 million in 2024, due to its strong industrial base, advanced manufacturing infrastructure, and strict energy-efficiency regulations. The country is also at the forefront of adopting renewable-integrated boiler systems as part of its ambitious carbon neutrality goals. The UK and France follow closely, with strong demand in food and beverage, power generation, and healthcare industries. Meanwhile, Eastern Europe is emerging as a promising growth region, supported by rising industrial investments, infrastructure modernization, and growing adoption of cleaner energy technologies to align with EU climate objectives.
Prominent companies operating in the Europe Steam Boiler Market include Bosch Industriekessel GmbH, Babcock & Wilcox Enterprises Inc., Cleaver-Brooks Inc., Hurst Boiler & Welding Co. Inc., Fulton Boiler Works Inc., Thermodyne Boilers, Viessmann Group, Byworth Boilers, Forbes Marshall, and Miura Boiler Co. Ltd. The competitive landscape of the Europe Steam Boiler Market is shaped by a mix of global giants and regional players, each focusing on innovation, energy efficiency, and compliance with stringent emission regulations. Companies are investing in next-generation boiler technologies, hybrid systems, and integration with renewable energy sources to maintain their market edge. Strategic partnerships, mergers and acquisitions, and continuous R&D investments are also central to the growth strategies of leading players in this sector. These companies are actively working on expanding their product portfolios, modernizing boiler designs for higher efficiency, and strengthening their presence in emerging European markets through collaborations and innovative product launches.
The market growth was driven by rising demand for energy-efficient heating solutions, rapid industrialization, and the growing adoption of cleaner technologies across multiple sectors. Steam boilers, which play a critical role in power generation, manufacturing, food processing, and chemical industries, are witnessing a resurgence in demand as companies across Europe focus on reducing carbon emissions while maintaining operational efficiency. Stricter environmental regulations, coupled with government incentives to encourage the use of low-emission and high-efficiency boilers, are reshaping the market landscape. Additionally, the rising need for reliable heating systems in commercial and residential sectors, combined with ongoing modernization of aging industrial infrastructure, is further fueling market growth across the region.
The oil fired steam boiler segment held a share of 22.1% in 2024. High calorific value and availability of abundant fuel supply are some of the prominent factors favoring the deployment of these boilers. Rising demand for lubricants, petrol, diesel, LNG and other petroleum products will stimulate the product demand. Refineries deploy some of the largest industrial boilers for distillation purpose. Surging domestic shale oil output from the Permian, the Bakken and other shale basins coupled with rising exports will further complement the business outlook.
The condensing boilers segment generated USD 2.2 billion in 2024. The widespread adoption of condensing boilers is driven by their ability to deliver lower heating costs, enhanced energy efficiency, and improved safety during operation. Industries such as hospitality, healthcare, and manufacturing are increasingly investing in these systems to meet stringent environmental regulations while optimizing operational expenses.
Germany Steam Boiler Market was valued at USD 761.3 million in 2024, due to its strong industrial base, advanced manufacturing infrastructure, and strict energy-efficiency regulations. The country is also at the forefront of adopting renewable-integrated boiler systems as part of its ambitious carbon neutrality goals. The UK and France follow closely, with strong demand in food and beverage, power generation, and healthcare industries. Meanwhile, Eastern Europe is emerging as a promising growth region, supported by rising industrial investments, infrastructure modernization, and growing adoption of cleaner energy technologies to align with EU climate objectives.
Prominent companies operating in the Europe Steam Boiler Market include Bosch Industriekessel GmbH, Babcock & Wilcox Enterprises Inc., Cleaver-Brooks Inc., Hurst Boiler & Welding Co. Inc., Fulton Boiler Works Inc., Thermodyne Boilers, Viessmann Group, Byworth Boilers, Forbes Marshall, and Miura Boiler Co. Ltd. The competitive landscape of the Europe Steam Boiler Market is shaped by a mix of global giants and regional players, each focusing on innovation, energy efficiency, and compliance with stringent emission regulations. Companies are investing in next-generation boiler technologies, hybrid systems, and integration with renewable energy sources to maintain their market edge. Strategic partnerships, mergers and acquisitions, and continuous R&D investments are also central to the growth strategies of leading players in this sector. These companies are actively working on expanding their product portfolios, modernizing boiler designs for higher efficiency, and strengthening their presence in emerging European markets through collaborations and innovative product launches.
Table of Contents
193 Pages
- Chapter 1 Methodology
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.1.3 Base estimates and calculations
- 1.1.4 Base year calculation
- 1.1.5 Market estimates & forecasts parameters
- 1.1.6 Key trends for market estimates
- 1.2 Market definitions
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.5 Some of the primary sources (but not limited to)
- 1.6 Data mining sources
- 1.6.1 Secondary
- 1.6.1.1 Paid sources
- 1.6.1.2 Public sources
- Chapter 2 Industry Insights
- 2.1 Industry ecosystem analysis
- 2.2 Regulatory landscape
- 2.2.1 Ecodesign Directive 2009/125/EC
- 2.2.2 Commission Regulation (EU) No 814/2013
- 2.2.2.1 Pressure Vessel Regulations in Europe: PED, TPED, SPVD, AD 2000
- 2.2.2.2 European PED Certification Services
- 2.2.2.3 European Product Certification for Steam Boilers under PED 2014/68/EU
- 2.2.3 European Directives
- 2.2.3.1 EN 12952 - Water-Tube Boilers and Auxiliary Installations
- 2.2.3.2 EN 12953 - Shell Boilers
- 2.2.3.3 EN 13445 - Unfired Pressure Vessels
- 2.2.3.4 EN 13480 - Metallic Industrial Piping
- 2.2.3.5 Basic requirements for water quality for heating and steam boilers
- 2.2.4 France
- 2.2.4.1 French Pressure Equipment Codes for Steam Boilers
- 2.2.4.2 Boiler maintenance & inspection requirements
- 2.2.5 UK
- 2.2.5.1 Legislative Framework for Steam Boiler Systems in the UK
- 2.2.5.2 Management of Health and Safety at Work Regulations (MHSWR)
- 2.2.5.3 Pressure Equipment (Safety) Regulations (PER)
- 2.2.5.4 Pressure Systems Safety Regulations (PSSR)
- 2.2.5.5 Provision and Use of Work Equipment Regulations (PUWER)
- 2.2.5.6 Dangerous Substances and Explosive Atmospheres Regulations (DSEAR)
- 2.2.5.7 Domestic Building Services Compliance Guide, 2018
- 2.2.5.8 The Boiler (Efficiency) Regulations, 1993
- 2.2.5.9 The Boiler Plus Standards
- 2.2.5.10 Energy Standard Regulations
- 2.2.5.11 European Harmonized Standards
- 2.2.6 Poland
- 2.2.6.1 Efficient and safe hot-water boilers
- 2.2.7 Italy
- 2.2.7.1 Boiler Efficiency Directive (BED)
- 2.2.8 Germany
- 2.2.8.1 Status quo: Efficiency requirements are set separately for each technology
- 2.2.8.2 Directive 2014-68-EU
- 2.2.9 Spain
- 2.2.9.1 Royal Decree 2060 / 2008
- 2.2.10 Austria
- 2.2.10.1 Government program 2020-2024
- 2.2.10.2 Eco-design Boilers
- 2.2.11 Sweden
- 2.2.12 Russia
- 2.2.12.1 GOST Certification
- 2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.1.1 Increasing demand for space heating in commercial buildings
- 2.3.1.2 Ongoing replacement of the existing heating units with energy-efficient boilers
- 2.3.1.3 Stern policy framework toward the development of green buildings
- 2.3.1.4 Increasing investments across the industrial sector
- 2.3.2 Industry pitfalls & challenges
- 2.3.2.1 High initial investment
- 2.3.2.2 Surging popularity of available alternatives
- 2.4 Growth potential analysis
- 2.5 Porter's analysis
- 2.6 PESTEL analysis
- Chapter 3 Competitive Landscape, 2025
- 3.1 Introduction P a g e | 6 Europe Steam Boiler Market Report, 2025 - 2034 Copyright © Global Market Insights Inc. 2025. All Rights Reserved
- 3.2 Company market share analysis, 2024
- 3.3 Strategic dashboard
- 3.3.1 Babcock & Wilcox Enterprises
- 3.3.1.1 Installation/supply
- 3.3.1.2 Business expansion
- 3.3.1.3 Acquisition
- 3.3.2 Babcock Wanson
- 3.3.2.1 Acquisition
- 3.3.2.2 Project development
- 3.3.2.3 Partnership
- 3.3.3 Doosan Heavy Industries & Construction
- 3.3.3.1 Installation/supply
- 3.3.4 Fulton
- 3.3.4.1 Product upgradation
- 3.3.5 Hoval
- 3.3.5.1 Achievement
- 3.3.6 John Cockerill
- 3.3.6.1 Contract
- 3.3.7 Miura America
- 3.3.7.1 Acquisition
- 3.4 Strategic initiatives
- 3.5 Company benchmarking
- 3.6 Innovation & sustainability landscape
- 3.6.1 Babcock Wanson
- 3.6.2 Bosch Industriekessel
- 3.6.3 Cleaver-Brooks
- 3.6.4 Cochran
- 3.6.5 Fulton
- 3.6.6 Hoval
- 3.6.7 Hurst Boiler & Welding
- 3.6.8 Miura America
- 3.6.9 Viessmann
- 3.6.10 WM Technologies
- Chapter 4 Market Size and Forecast, By Fuel, 2021 - 2034 (Units, MMBTU/hr & USD Million)
- 4.1 Key trends
- 4.2 Natural gas
- 4.3 Coal
- 4.4 Oil P a g e | 7 Europe Steam Boiler Market Report, 2025 - 2034 Copyright © Global Market Insights Inc. 2025. All Rights Reserved
- 4.5 Others
- Chapter 5 Market Size and Forecast, By Capacity, 2021 - 2034 (Units, MMBTU/hr & USD Million)
- 5.1 Key trends
- 5.2 ⤠10 MMBTU/hr
- 5.3 > 10 - 50 MMBTU/hr
- 5.4 > 50 - 100 MMBTU/hr
- 5.5 > 100 - 250 MMBTU/hr
- 5.6 > 250 MMBTU/hr
- Chapter 6 Market Size and Forecast, By Technology, 2021 - 2034 (Units, MMBTU/hr & USD Million)
- 6.1 Key trends
- 6.2 Condensing
- 6.3 Non-condensing
- Chapter 7 Market Size and Forecast, By Application, 2021 - 2034 (Units, MMBTU/hr & USD Million)
- 7.1 Key trends
- 7.2 Commercial
- 7.3 Industrial
- Chapter 8 Market Size and Forecast, By Country, 2021 - 2034 (Units, MMBTU/hr & USD Million)
- 8.1 Key trends
- 8.2 France
- 8.3 UK
- 8.4 Poland
- 8.5 Italy
- 8.6 Spain
- 8.7 Austria
- 8.8 Germany
- 8.9 Sweden
- 8.10 Russia
- Chapter 9 Company Profiles
- 9.1 Babcock & Wilcox Enterprises
- 9.1.1 Financial Data
- 9.1.2 Product Landscape
- 9.1.3 Strategic Outlook
- 9.1.4 SWOT Analysis
- 9.2 Babcock Wanson
- 9.2.1 Financial Data
- 9.2.2 Product Landscape
- 9.2.3 Strategic Outlook
- 9.2.4 SWOT Analysis
- 9.3 Bosch Industriekessel
- 9.3.1 Financial Data
- 9.3.2 Project Landscape
- 9.3.3 Strategic Outlook
- 9.3.4 SWOT Analysis
- 9.4 Clayton Industries
- 9.4.1 Financial Data
- 9.4.2 Product Landscape
- 9.4.3 SWOT Analysis
- 9.5 Cleaver-Brooks
- 9.5.1 Financial Data
- 9.5.2 Product Landscape
- 9.5.3 Strategic Outlook
- 9.5.4 SWOT Analysis
- 9.6 Cochran
- 9.6.1 Financial Data
- 9.6.2 Product Landscape
- 9.6.3 Strategic Outlook
- 9.6.4 SWOT Analysis
- 9.7 Doosan Enerbility
- 9.7.1 Financial Data
- 9.7.2 Product Landscape
- 9.7.3 Strategic Outlook
- 9.7.4 SWOT Analysis
- 9.8 FERROLI
- 9.8.1 Financial Data
- 9.8.2 Product Landscape
- 9.8.3 SWOT Analysis
- 9.9 Fulton
- 9.9.1 Financial Data
- 9.9.2 Product Landscape
- 9.9.3 Strategic Outlook
- 9.9.4 SWOT Analysis
- 9.10 Forbes Marshall
- 9.10.1 Financial Data
- 9.10.2 Product Landscape
- 9.10.3 SWOT Analysis
- 9.11 GE Vernova
- 9.11.1 Financial Data
- 9.11.2 Product Landscape
- 9.11.3 SWOT Analysis
- 9.12 Hoval
- 9.12.1 Financial Data
- 9.12.2 Product Landscape
- 9.12.3 Strategic Outlook
- 9.12.4 SWOT Analysis
- 9.13 Hurst Boiler & Welding Co.
- 9.13.1 Financial Data
- 9.13.2 Product Landscape
- 9.13.3 Strategic Outlook
- 9.13.4 SWOT Analysis
- 9.14 John Cockerill
- 9.14.1 Financial data
- 9.14.2 Product Landscape
- 9.14.3 Strategic Outlook
- 9.14.4 SWOT Analysis
- 9.15 John Wood Group
- 9.15.1 Financial Data
- 9.15.2 Product Landscape
- 9.15.3 SWOT Analysis
- 9.16 Maxima Boilers
- 9.16.1 Financial Data
- 9.16.2 Product Landscape
- 9.16.3 SWOT Analysis
- 9.17 Mitsubishi Heavy Industries
- 9.17.1 Financial Data
- 9.17.2 Product Landscape
- 9.17.3 SWOT Analysis
- 9.18 Miura America Co.
- 9.18.1 Financial Data
- 9.18.2 Product Landscape
- 9.18.3 Strategic Outlook
- 9.18.4 SWOT Analysis
- 9.19 PARKER BOILER
- 9.19.1 Financial Data
- 9.19.2 Product Landscape
- 9.19.3 SWOT Analysis
- 9.20 Thermax
- 9.20.1 Financial Data
- 9.20.2 Product Landscape
- 9.20.3 SWOT Analysis
- 9.21 Viessmann
- 9.21.1 Financial Data
- 9.21.2 Product Landscape
- 9.21.3 Strategic Outlook
- 9.21.4 SWOT Analysis
- 9.22 Weil-McLain
- 9.22.1 Financial Data
- 9.22.2 Product Landscape
- 9.22.3 Strategic Outlook
- 9.22.4 SWOT Analysis
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