Industrial Boiler Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Construction and Manufacturing | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC414

Introduction and Market Dynamics

The strict regulations declared by the Environmental Protection Agency (EPA) concerning air toxic standards to limit releases from various types of boilers is expected to escalate the demand for technological advance industrial boilers. Furthermore, rising prices of fossil fuel will also lead to the rise in demand for energy-efficient boilers as they significantly bring down fuel spending. Additionally, end-user industries such as chemical, metal, refinery, food and paper may invest in energy-efficient boilers owing to the pressing need to cut back on carbon emissions. The high cost of equipment, installation, and cost of operations are the major hindrances for the growth of industrial boiler market. However, strict environmental rules will present profitable opportunities to the industrial boilers market to increase its revenues.

Market Classification and Overview

The global industrial boiler market is segmented by fuel type, technology, process, end-user industry and geography. Depending on the fuel used to fire the boiler, the market is segmented into coal fired, natural gas and biomass, oil, and others. On the basis of technology, the global industrial boiler market can be bifurcated into industrial boiler and utility boiler. Utility boilers are used to generate steam by burning fossil fuels such as coal to generate electricity. On the other hand, industrial boilers are utilized for generation of steam for industrial processes in oil and gas, automotive, paper and wood, and other heavy industries. On the basis of process, the global industrial boiler market can be segmented into water-tube boiler and fire-tube boilers. On the basis of end-user industry, the global industrial boilers market is segmented into food, chemical, refineries, primary metal, and others.

Regional Overview

In terms of geography, the global industrial boiler market is bifurcated into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA). Geographically, North America dominates the global industrial boiler market owing to the escalating demand for power generation. North America is followed by Europe in the global industrial boiler market. In Europe, countries such as France, Germany, Italy, Finland and Poland show high demand for industrial boilers. The rising demand from power generation industries and automotive sector is driving the growth of this market in Europe. Asia-Pacific is anticipated to be the fastest growing market for industrial boilers during the forecast period. The swelling demand for power generation owing to mounting population and rapid industrialization are the prime factors contributing to the demand for industrial boilers in the region. Growing industrialization in countries such as Japan, China, and India are escalating the demand for industrial boilers. Utility boilers are high in demand owing to the operational efficiency in Asia-Pacific region. In other regions such as Latin America and Middle East, growing number of players in energy sector are analyzed to show healthy growth in the industrial boilers market over the forecast period.

Report Coverage


Global Industrial Boiler Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year


Forecast Data

2017 – 2024

Market Stratification

Fuel Type, Technology, Process, End-User industry, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis



Market Participants

Some of the prominent players in global industrial boiler market are Foster Wheeler AG, Hitachi Ltd., and Alstom SA. The above mentioned player dominates the industrial boiler market. The other player present in the global industrial boiler market are AB & Co., Bharat Heavy Electricals Ltd., ANDRITZ Energy & Environment GmbH, Mitsubishi Heavy Industries Ltd., Harbin Electric Company Limited., B & S Piping Inc., Hangzhou Indeck Power Equipment Co., Boiler Group Co. Ltd., Miura Boiler Inc., Suzhou Hailu Heavy Industries Co. Ltd., Tai Yuan Boiler Group Co. Ltd., Wellman Group, The Babcock and Wilcox Co., TT Boilers Ltd., and Thermogenics (UK) Ltd., among others.

Market Segmentation

Market by Fuel Type

·         Coal fired

·         Natural gas and biomass

·         Oil

·         Others

Market by Technology

·         Industrial boiler

·         Utility boiler

Market by Process

·         Water-tube boiler

·         Fire-tube boilers

Market by End-User Industry

·         Chemical

·         Food

·         Primary Metal

·         Refineries

·         Others

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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