India Process Boiler and Heating Equipment Market By Type (Steam Boiler, Thermic Fluid Heater, Hot Water Generator, Hot Air Generator & Waste Heat Recovery Boilers), By Fuel Type (Oil & Gas, Fossil Fuel & Non-Fossil Fuel), Competition, Forecast & Opportun

India Process Boiler and Heating Equipment Market By Type (Steam Boiler, Thermic Fluid Heater, Hot Water Generator, Hot Air Generator & Waste Heat Recovery Boilers), By Fuel Type (Oil & Gas, Fossil Fuel & Non-Fossil Fuel), Competition, Forecast & Opportunities, 2024

India process boiler and heating equipment market stood at $ around $ 146 million in 2019 and is projected to grow at a CAGR of around 6% to surpass $ 194 million by 2024. The growth in the market can be attributed to growing demand for industrial heating equipment in various process industries. Moreover, various government initiatives such as Make in India, National Manufacturing Policy, promotion of renewables and clean fuel usage are further anticipated to spur demand for process boilers and heating equipment across the country during forecast period.

Years considered for this report:

Historical Years: 2014-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021-2024

  • bjective of the Study:
  • To analyze and forecast the India process boiler and heating equipment market size.
  • To define, classify and forecast the India process boiler and heating equipment market based on type and fuel type.
  • To identify drivers and challenges for India process boiler and heating equipment market.
  • To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the India process boiler and heating equipment market.
  • To evaluate product pricing and trends in India process boiler and heating equipment market.
  • To strategically profile leading players operating in India process boiler and heating equipment market.
Some of the major players operating in India process boiler and heating equipment market are Thermax Limited, Cheema Boilers Limited, Forbes Marshall, Industrial Boilers Limited, Thermodyne Engineering Systems, among others.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of process boiler and heating equipment manufacturers and suppliers, in India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, end user, and regional presence of all major process boiler and heating equipment manufacturing companies across India.

TechSci Research calculated the India process boiler and heating equipment market size using a bottom-up approach, wherein manufacturers’ value sales data for different engine types was recorded as well as forecast for the future years was made. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:
  • India process boiler and heating equipment manufacturers, suppliers and end users
  • Research organizations and consulting companies
  • Associations, organizations and alliances related to process boiler and heating equipment
  • Government bodies such as regulating authorities and policy makers
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as process boiler and heating equipment manufacturers, distributors, dealers and policy makers. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, India process boiler and heating equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • Market, by Type:
  • Steam Boiler
  • Thermic Fluid Heater
  • Hot Water Generator
  • Hot Air Generator
  • Waste Heat Recovery Boilers
  • Market, by Fuel Type:
Oil & Gas

Fossil Fuel

Non-Fossil Fuel (Biomass, Wood, Rice Husk, Mustard Husk, Agri Waste, Briquettes, etc.)

Competitive Landscape

Competition Outlook: Outlook of leading 10 players on the basis of product portfolio, market pricing, average selling price, sales footprint, etc.

Company Profiles: Detailed analysis of the major companies operating in India process boiler and heating equipment market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis
  • Detailed list of distributors and dealers across the country.
Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Product Information
  • Detailed analysis of new products in the market and their driving forces in the market.
Please Note: Printing is not available on single-user licenses.


1. Product Overview
2. Research Methodology
3. Analyst View
4. India Process Boiler and Heating Equipment Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share & Forecast
4.2.1. By Type (Steam Boiler, Thermic Fluid Heater, Hot Water Generator, Hot Air Generator, Waste Heat Recovery Boilers)
4.2.2. By Fuel Type (Oil & Gas, Fossil Fuel, Non-Fossil Fuel)
4.2.3. By Company
5. India Steam Boiler Market
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Fuel Type
6. India Thermic Fluid Heater Market
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Fuel Type
7. India Waste Heat Recovery Boiler Market
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Fuel Type
8. India Hot Water Generator Market
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1. By Fuel Type
9. India Hot Air Generator Market
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Fuel Type
10. Import-Export Analysis
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Value Chain Analysis
14. Policy & Regulatory Landscape
15. India Economic Profile
16. Competitive Landscape
16.1. Thermax Limited
16.2. Cheema Boilers Limited
16.3. Forbes Marshall
16.4. Industrial Boilers Limited
16.5. Thermodyne Engineering Systems
17. Strategic Recommendations
List Of Figures
Figure 1: India Process Boiler and Heating Equipment Market Size, By Value (USD Million), By Volume (Units), 2014-2024F
Figure 2: India Process Boiler and Heating Equipment Market Share, By Type, By Volume, 2014-2024F
Figure 3: India Process Boiler and Heating Equipment Market Share, By Fuel Type, By Volume, 2014 & 2024F
Figure 4: India Process Boiler and Heating Equipment Market Share, By Region, By Volume, 2014-2024F
Figure 5: India Process Boiler and Heating Equipment Market Share, By Company, By Value, 2014-2024F
Figure 6: India Steam Boiler Market Size, By Value (USD Million), By Volume (Units), 2014-2024F
Figure 7: India Steam Boiler Market Share, By Fuel Type, By Volume, 2014-2024F
Figure 8: India Steam Boiler Market Share, By End User, By Volume, 2014-2024F
Figure 9: India Steam Boiler Market Share, By Region, By Volume, 2014-2024F
Figure 10: India Thermic Fluid Heater Market Size, By Value (USD Million), By Volume (Units), 2014-2024F
Figure 11: India Thermic Fluid Heater Market Share, By Fuel Type, By Volume, 2014-2024F
Figure 12: India Thermic Fluid Heater Market Share, By End User, By Volume, 2014-2024F
Figure 13: India Thermic Fluid Heater Market Share, By Region, By Volume, 2014-2024F
Figure 14: India Waste Heat Recovery Boilers Market Size, By Value (USD Million), By Volume (Units), 2014-2024F
Figure 15: India Waste Heat Recovery Boilers Market Share, By Fuel Type, By Volume, 2014-2024F
Figure 16: India Waste Heat Recovery Boilers Market Share, By End User, By Volume, 2014-2024F
Figure 17: India Waste Heat Recovery Boilers Market Share, By Region, By Volume, 2014-2024F
Figure 18: India Hot Water Generator Market Size, By Value (USD Million), By Volume (Units), 2014-2024F
Figure 19: India Hot Water Generator Market Share, By Fuel Type, By Volume, 2014-2024F
Figure 20: India Hot Water Generator Market Share, By End User, By Volume, 2014-2024F
Figure 21: India Hot Water Generator Market Share, By Region, By Volume, 2014-2024F
Figure 22: India Hot Air Generator Market Size, By Value (USD Million), By Volume (Units), 2014-2024F
Figure 23: India Hot Air Generator Market Share, By Fuel Type, By Volume, 2014-2024F
Figure 24: India Hot Air Generator Market Share, By End User, By Volume, 2014-2024F
Figure 25: India Hot Air Generator Market Share, By Region, By Volume, 2014-2024F
Figure 26: India GDP at Constant Price (USD Billion), 2014-2018
Figure 27: Population in India (Millions), 2014-2018
Figure 28: India Manufacturing Sector Contribution to GDP (Percentage), 2014-2018

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