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Global Boiler Market Research Report: Forecast (2024-2030)

Boiler Market Report - By Boiler Type (Hot Water Boilers, Gas Boilers, Steam Water Boilers, Others), By Fuel Type (Natural Gas, Coal, Oil, Electric-, By Tube Type (Fire tube, Water tube), By Horsepowe... ... tube), By Horsepower Capacity (10-150 BHP, 151-300 BHP, 301- 600 BHP, >600 BHP), By End User (Residential, Commercial, Industrial [Chemicals and Petrochemicals, Food Processing Industry, Pulp & Paper, Metals & Mining, Power Generation]) and Others Read more

Energy
Sep 2024
Pages 208
Report Format: PDF, Excel, PPT

Market Definition

A boiler is known as a closed vessel or surface that is used to heat and transfer fluid or generate steam. Steam or heat is used to fulfill different purposes such as processing food items, water heating, sanitation, and generating electricity. Boilers are of different types, including hot water boilers, gas boilers, steam water boilers, and other conventional or regular boilers. As the name suggests some are used to heat the water or make steam out of water. Some traditional boilers used oil, natural gas, and coal as fuel. Where these days’ boilers work using electric energy. Also, boilers are used in different industries such as chemicals and petrochemicals, the food processing industry, pulp & paper, metals & mining, and power generation, etc.

Market Insights & Analysis: Global Boiler Market (2024-30):

The Global Boiler Market size was valued at around USD 110 billion in 2023 & is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024-30. Rapid industrialization is creating a surge in the establishment of various industries which further creates the demand for boilers for associate purposes. Almost all industries from chemicals & pharmaceuticals to textiles require boilers for the purposes like water heating, gas heating, and generating steam.

Report Coverage	Details
Historical Years	2019-22
Base Years	2023
Forecast Years	2024-30
Market Value in 2023	USD 110 Billion
CAGR (2024-30)	4.2%
Leading Region	Asia-Pacific
Top Key Players	Daikin Industries, Ltd., Ariston Thermo SpA, Robert Bosch Gmbh, Mitsubishi Power, Thermax Ltd., Sofinter Group, Cleaver Brooks Inc., BDR Thermea Group, Byworth Boilers Ltd., Andritz AG, Harbin Electric Company Ltd., IHI Corporation, Weil-McLain, PB Heat LLC, Valliant Group, Others
Key Report Highlights	Market Dimensions & Projections Pricing Evaluation, Recent Strategic Moves by Companies, Primary Stakeholders, Analysis of Import and Export Trends, Competitive Landscape Assessment, Emerging Opportunities, Market Trends and Indicators

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Along with it, the rising urbanization due to the increasing number of individuals in cities, and the opportunities available are creating a boost in the urban settlements and then the demand for boilers for purposes like water & space heating, and food processing activities. There is a rise in demand for boilers globally due to the increasing disposable income also which led to a rise in the living standards of consumers and helped them afford boilers in residential spaces.

Moreover, Governments have been putting a lot of strain on the integration of IoT and technological advancements for the growth of the nations and their economy. This led to a significant increase in the innovations and development in the features of boilers, boilers with remote access, precise monitoring and control, and more accurate and efficient results are providing more growth opportunities and also shaping the trend of the global boiler industry. Such improved boilers with advanced characteristics are getting popular leading to optimized fuel consumption and reduced energy wastage leading to their high demand in the Boiler Market.

However, the initial cost of installation and the presence of other available alternatives are restraining the market growth. High initial costs make it difficult for small commercial spaces and residential owners to install boilers for space heating and other purposes. Alternative options such as solar heaters, geothermal systems, and heating pumps, provide the same services at lower prices, hence these available options are presenting a hurdle in the growth & expansion of the boiler industry globally.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Boiler Market Supply Chain Analysis
Global Boiler Market Dynamics
1. Growth Drivers
2. Challenges
Global Boiler Market Policies and Product Standards
Global Boiler Market Trends & Insights
Global Boiler Market Hotspot & Opportunities
Global Boiler Market Analysis, 2019-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Boiler Type
    1. Hot Water Boilers- Market Size & Forecast 2019-2030, Thousand Units
    2. Gas Boilers- Market Size & Forecast 2019-2030, Thousand Units
    3. Steam Water Boilers- Market Size & Forecast 2019-2030, Thousand Units
    4. Others (Conventional Boilers, Regular Boilers, etc.)- Market Size & Forecast 2019-2030, Thousand Units
  2. By Fuel Type
    1. Natural Gas- Market Size & Forecast 2019-2030, Thousand Units
    2. Coal- Market Size & Forecast 2019-2030, Thousand Units
    3. Oil- Market Size & Forecast 2019-2030, Thousand Units
    4. Electric-- Market Size & Forecast 2019-2030, Thousand Units
  3. By Tube Type
    1. Fire tube- Market Size & Forecast 2019-2030, Thousand Units
    2. Water tube- Market Size & Forecast 2019-2030, Thousand Units
  4. By Horsepower Capacity
    1. 10-150 BHP- Market Size & Forecast 2019-2030, Thousand Units
    2. 151-300 BHP- Market Size & Forecast 2019-2030, Thousand Units
    3. 301- 600 BHP- Market Size & Forecast 2019-2030, Thousand Units
    4. >600 BHP- Market Size & Forecast 2019-2030, Thousand Units
  5. By End User
    1. Residential- Market Size & Forecast 2019-2030, Thousand Units
    2. Commercial- Market Size & Forecast 2019-2030, Thousand Units
    3. Industrial- Market Size & Forecast 2019-2030, Thousand Units
      1. Chemicals and Petrochemicals
      2. Food Processing Industry
      3. Pulp & Paper
      4. Metals & Mining
      5. Power Generation
      6. Others (textile industry, Paper industry, etc.)
  6. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific- Market Size & Forecast 2019-2030, Thousand Units
  7. By Company
    1. Competition Characteristics
    2. Market Share & Analysis
North America Boiler Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
  2. By Fuel Type- Market Size & Forecast 2019-2030, Thousand Units
  3. By Tube Type- Market Size & Forecast 2019-2030, Thousand Units
  4. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
  5. By End User- Market Size & Forecast 2019-2030, Thousand Units
  6. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
4. Canada Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
5. The Mexico Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
South America Boiler Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
  2. By Fuel Type- Market Size & Forecast 2019-2030, Thousand Units
  3. By Tube Type- Market Size & Forecast 2019-2030, Thousand Units
  4. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
  5. By End User- Market Size & Forecast 2019-2030, Thousand Units
  6. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
4. Argentina Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
Europe Boiler Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
  2. By Fuel Type- Market Size & Forecast 2019-2030, Thousand Units
  3. By Tube Type- Market Size & Forecast 2019-2030, Thousand Units
  4. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
  5. By End User- Market Size & Forecast 2019-2030, Thousand Units
  6. By Country
    1. The UK
    2. Italy
    3. Spain
    4. Germany
    5. France
    6. Rest of Europe
3. The UK Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
4. Italy Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
5. Germany Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
6. France Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
Middle East & Africa Boiler Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
  2. By Fuel Type- Market Size & Forecast 2019-2030, Thousand Units
  3. By Tube Type- Market Size & Forecast 2019-2030, Thousand Units
  4. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
  5. By End User- Market Size & Forecast 2019-2030, Thousand Units
  6. By Country
    1. Saudi Arabia
    2. The UAE
    3. South Africa
    4. Rest of the Middle East & Africa
3. Saudi Arabia Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
4. The UAE Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
5. Egypt Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
6. South Africa Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
Asia-Pacific Boiler Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
  2. By Fuel Type- Market Size & Forecast 2019-2030, Thousand Units
  3. By Tube Type- Market Size & Forecast 2019-2030, Thousand Units
  4. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
  5. By End User- Market Size & Forecast 2019-2030, Thousand Units
  6. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Australia
    6. Rest of APAC
3. China Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
4. Japan Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
5. India Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
6. South Korea Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
7. Australia Boiler Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Boiler Type- Market Size & Forecast 2019-2030, Thousand Units
    2. By End User- Market Size & Forecast 2019-2030, Thousand Units
    3. By Horsepower Capacity- Market Size & Forecast 2019-2030, Thousand Units
Global Boiler Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profile
  1. Daikin Industries, Ltd
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Ariston Thermo SpA
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Robert Bosch Gmbh
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Mitsubishi Power
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Thermax Ltd.
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Sofinter Group
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Cleaver Brooks Inc.
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. BDR Thermea Group
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Byworth Boilers Ltd.
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Andritz AG
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Harbin Electric Company Ltd.
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. IHI Corporation
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Weil-McLain
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. PB Heat LLC
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Valliant Group
    1. Business Description
    2. Solution Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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