The Industrial Boilers Market Size was valued at USD 13.80 Billion in 2023 and is expected to reach USD 20.49 Billion by 2032 and grow at a CAGR of 4.52% over the forecast period 2024-2032.
The Industrial Boilers Market report presents an in-depth analysis of major industry trends, drivers of growth, challenges, and technological developments that influence the market. It identifies changing demand across industries like chemicals, food processing, and pulp & paper, analyzing changes in fuel consumption, environmental regulations, and emission regulations. It also delves into the impact of international energy transition and decarbonization efforts. Strategic evolution, innovation pipelines, and policy effects are also discussed to enable stakeholders to make sound investment, production, and growth decisions.
The U.S. Industrial Boilers Market was worth USD 2.19 billion in 2023 and is expected to grow to USD 3.12 billion by 2032, at a CAGR of 4.05% from 2024 to 2032.The U.S. industrial boilers industry is fueled by the nation's robust manufacturing industry, growing energy efficiency requirements, and expanding investment in clean energy technologies. Top-end-use applications like food & beverage, chemicals, and pulp & paper still require high-capacity, low-emission boilers to support production and environmental objectives. More stringent EPA emissions regulations and incentives for the use of cleaner fuels are driving the transition away from coal and to natural gas and biomass-fired boilers.
Key Drivers:
Increasing Demand for Environment-Friendly Products across Industries Drives the Industrial Boilers Market Growth.
The increasing focus on sustainable and energy-efficient industrial processes has tremendously increased the demand for environmentally friendly boiler systems. With industries looking for ways to minimize carbon footprints as well as adhere to strict emission standards, the use of low-emission boilers with cleaner fuels such as natural gas, biomass, and hybrid systems is gaining momentum. Key end-use industries, such as chemicals, food processing, and pulp & paper, are increasingly adopting greener technologies. This is in line with government policies and incentives for the adoption of clean energy, thus creating robust momentum for the industrial boilers market. Companies are also developing to provide boilers with enhanced thermal efficiency and a lower environmental footprint.
Restrain
Government's Stringent Emission Control Regulations Create Compliance Burden and Restrain Industrial Boilers Market Growth.
Though regulations on the environment promote the adoption of efficient boilers, they also pose huge compliance issues for producers and consumers. Strict regulations imposed by agencies such as the U.S. Environmental Protection Agency (EPA) necessitate expensive upgrades or the replacement of old boiler systems. Small industries and old facilities cannot afford to meet these regulatory requirements, which may restrict their ability to invest and hinder market expansion. Furthermore, the requirement of ongoing monitoring, reporting, and installation of emission-reducing technologies increases operational expenses. Such costs can deter boiler installation or modernization, especially in emerging economies with poor financial and technical capabilities, serving as a significant market barrier.
Opportunities
Industrialization in Emerging Economies Increases Promising Growth Opportunities for Industrial Boilers Market Players Worldwide.
Sustained industrialization in emerging economies like India, China, Brazil, and Southeast Asia provides tremendous growth opportunities for the industrial boiler market. Growing manufacturing hubs, rising power and process heating requirements, and favorable government policies towards infrastructural development are fueling demand for industrial boiler installations. These markets are experiencing active growth in industries such as chemicals, food processing, and textiles, which are highly dependent on industrial boilers. Moreover, foreign direct investments and the relocation of global production hubs to low-cost economies are further driving the demand for efficient and scalable boiler systems. Companies are accessing these markets through partnerships and localization strategies.
Challenge
Unstable Fuel Prices and Supply Chain Volatility Challenge Cost-Effective Operation of Industrial Boilers Across Multiple Sectors.
One of the key issues confronting the industrial boilers market is fuel price volatility and global supply chain disruptions. The dependence on fuel sources like oil, natural gas, and biomass renders operating costs extremely vulnerable to market forces. Geopolitical tensions, trade restrictions, and natural disasters also affect fuel availability and transportation logistics, making procurement and planning more difficult. These uncertainties impose themselves on the budgeting and investment choices of firms, particularly small and medium-sized enterprises. Moreover, transitioning between fuels for cost control has the tendency to necessitate retrofitting equipment at an additional capital cost.
By Application
The chemicals & petrochemicals application dominated the Industrial Boilers Market with the highest revenue share of 31.62% in 2023, as this industry demands continuous steam and heat on a large scale in processing units. Prominent players like Cleaver-Brooks and Miura America have launched high-capacity, low-emission boilers specifically suitable for chemical processing facilities. For example, Miura's LX Series has quick steam production and modular design scalability, well-suited to petrochemical processes. Advanced boiler capital and innovation are driven by the segment's rigorous energy efficiency and safety requirements. The growth supports the segment's leadership, adding greatly to market expansion through expanded boiler installations in plants worldwide.
The Paper & Pulp segment is expected to expand at the highest CAGR of 6.32% due to growing production needs and sustainability efforts. The industry largely depends on industrial boilers for process steam and cogeneration. Organizations such as Valmet and ANDRITZ have introduced superior recovery and biomass boilers that recover more energy and lower emissions. Valmet's upgrade projects of recovery boilers in North America and Asia-Pacific are focused on enhancing thermal efficiency with compliance with environmental regulations. Increasing global consumption of paper hygiene products and packaging is fueling capacity expansions, thereby increasing demand for boilers.
By Fuel
Fossil fuel dominated the Industrial Boilers Market in 2023 by commanding a dominant 32.21% market share in revenues, fueled by the widespread use of coal and oil-fired boilers across power generation and heavy industries. Even with international decarbonization objectives, fossil fuels continue to play a central role owing to infrastructure compatibility as well as substantial energy output. Key players such as GE Power and Mitsubishi Power continued to innovate fossil-fuel boiler technologies in accordance with emissions regulations. In 2023, Babcock & Wilcox introduced improved combustion control systems for coal units, enhancing efficiency. These technologies aid continuous operations in heavy energy-consuming industries, consolidating fossil fuels' dominant position in areas with lagging renewable shifts.
The Biomass segment is recording the highest growth in the Industrial Boilers Market, projected to have a CAGR of 6.31% over the forecast period. Increased focus on carbon-neutral power and high volumes of agricultural waste power this growth. Thermax and Hurst Boiler are among the companies launching biomass-fired solutions on a regular basis—Thermax launched a modular biomass boiler in 2023 for agro-processing units. On the other hand, ANDRITZ designed innovative biomass gasification systems to minimize particulate emissions. These innovations are in line with the world's sustainability objectives as well as increasing demand in the food, pulp, and textile industries. Government support and reduced lifecycle emissions make biomass more appealing as a fuel option for industrial heat.
By Boiler Type
As of 2023, the fossil segment maintained the largest revenue position of 63.66% in the market for industrial boilers due to mass application in chemical, refinery, and power-generation industries. Natural gas and coal-based fossil-fueled boilers continue to enjoy popularity due to their high efficiencies and reliability as continuous industrial running units. Various companies such as Cleaver-Brooks and General Electric introduced sophisticated high-capacity fossil fuel boilers with efficient emission control features. In 2023, Babcock & Wilcox launched advanced boiler retrofit products to aid fossil fuel systems in achieving lower NOx emissions. Fossil boilers, even amid environmental concerns, remain to cater to high industrial energy needs and continue their robust market presence.
The segment of water-tube boilers is expected to expand at the highest CAGR of 4.89% during the forecasting period due to increased demand for high-pressure, high-capacity steam production in heavy industries like petrochemicals, power, and pulp & paper. Water-tube boilers provide higher efficiency and are used for large-scale, continuous operation. Babcock & Wilcox has led this segment with its ClimateBright hydrogen-compatible boilers, while Thermax introduced high-capacity bi-drum water-tube boilers that are customized for industrial-scale power and process heat. This advancement is in accordance with worldwide decarbonization and efficiency objectives, and water-tube boilers have become a key to large industrial installations and spurred segment growth.
In 2023, the Asia Pacific region led the industrial boilers market, with the highest revenue share of 40.15% and the highest growth rate of 5.47%. This is due to accelerated industrialization, growing manufacturing industries, and rising energy needs in nations such as China, India, and Japan. Business entities like Thermax Limited and Mitsubishi Heavy Industries rolled out sophisticated boiler systems with better energy efficiency and reduced emissions to serve local needs. Moreover, IHI Corporation formulated intelligent boiler technologies with the implementation of IoT for real-time tracking. All these developments in association with favoring government schemes and infrastructure spending comprehensively drive the region's market expansion.
Parker Boiler – (TT Series Steam Boiler, WH Series Hot Water Boiler)
Cleaver-Brooks, Inc. – (CBEX Elite Firetube Boiler, ClearFire-CE Condensing Boiler)
Thermax Inc – (Thermomatic Oil & Gas Fired Boiler, Revomax Non-IBR Boiler)
Weil-McLain – (Evergreen High-Efficiency Boiler, SlimFit Commercial Boiler)
Fulton Boiler Works, Inc. – (VMP Vertical Multi-Port Boiler, Endura+ Condensing Hydronic Boiler)
General Electric – (GE Tower Boiler System, GE Ultra-Supercritical Steam Boiler)
Babcock & Wilcox Enterprises, Inc. – (FM Water-Tube Package Boiler, SPIG Dry Cooling System)
BURNHAM COMMERCIAL BOILERS – (Series 4S Boiler, MPC Series Modular Packaged Boiler)
Hurst Boiler & Welding Co, Inc. – (Scotch Marine Series 400 Boiler, Hybrid UF Waste Heat Boiler)
Bryan Steam LLC – (CL Series Steam Boiler, RW Series Hot Water Boiler)
Superior Boiler – (Apache 2-Pass Dryback Boiler, Mohican 4-Pass Wetback Boiler)
Vapor Power International LLC – (Electrode Boiler, Circulating Steam Generator)
Siemens AG – (Boiler Control BCS, SPPA-T3000 Power Plant Automation System)
Cochran Ltd – (ST28 Series Steam Boiler, Borderer Hot Water Boiler)
John Wood Group plc – (Boiler Life Extension Services, Waste Heat Boiler Systems)
Vattenfall AB – (Electric Steam Boiler, Heat Recovery Boiler Systems)
September 2023 – Thermax Inc invented Revomax Plus – High-Efficiency Non-IBR Boiler Designed for small and medium enterprises, this unit delivers greater thermal efficiency and integrates emissions control technology for compliance with India’s new norms.
August 2023 – Weil-McLain invented ECO Tec Series 2 High-Efficiency Boiler The new model features advanced controls and enhanced energy savings for residential and light commercial markets.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 13.80 Billion |
| Market Size by 2032 | US$ 20.49 Billion |
| CAGR | CAGR of 4.52% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Boiler Type – (Fire-Tube, Water-Tube) • By Application – (Chemicals & Petrochemicals, Paper & Pulp, Food & Beverages, Metals & Mining, Others) • By Fuel – (Oil & Gas, Fossil, Non-Fossil, Biomass) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Parker Boiler, Cleaver-Brooks, Inc., Thermax Inc, Weil-McLain, Fulton Boiler Works, Inc., General Electric, Babcock & Wilcox Enterprises, Inc., BURNHAM COMMERCIAL BOILERS, Hurst Boiler & Welding Co, Inc., Bryan Steam LLC, Superior Boiler, Vapor Power International LLC, Siemens AG, Cochran Ltd, John Wood Group plc, Vattenfall AB |
Ans: The Industrial Boilers Market is expected to grow at a CAGR of 4.52% during 2024-2032.
Ans: The Industrial Boilers Market size was USD 13.80 billion in 2023 and is expected to Reach USD 20.49 billion by 2032.
Ans: The major growth factor of the Industrial Boilers Market is the rising demand for energy-efficient and low-emission steam and heat generation systems across industrial sectors.
Ans: The fossil segment dominated the Industrial Boilers Market.
Ans: Asia Pacific dominated the Industrial Boilers Market in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Boiler Capacity Analysis (2023)
5.2 Emission Reduction Metrics (2023)
5.3 Fuel Conversion Rate Trends (2023)
5.4 Lifecycle and Maintenance Cost Statistics (2023)
5.5 Installed Base by End-User Industry (2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Industrial Boilers Market Segmentation, By Application
7.1 Chapter Overview
7.2 Chemicals & Petrochemicals
7.2.1 Chemicals & Petrochemicals Market Trends Analysis (2020-2032)
7.2.2 Chemicals & Petrochemicals Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Paper & Pulp
7.3.1 Paper & Pulp Market Trends Analysis (2020-2032)
7.3.2 Paper & Pulp Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Food & Beverages
7.4.1 Food & Beverages Market Trends Analysis (2020-2032)
7.4.2 Food & Beverages Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Metals & Mining
7.5.1 Metals & Mining Market Trends Analysis (2020-2032)
7.5.2 Metals & Mining Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Other
7.6.1 Other Market Trends Analysis (2020-2032)
7.6.2 Other Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Industrial Boilers Market Segmentation, By Fuel
8.1 Chapter Overview
8.2 Oil & Gas
8.2.1 Oil & Gas Market Trends Analysis (2020-2032)
8.2.2 Oil & Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Fossil
8.3.1 Fossil Market Trends Analysis (2020-2032)
8.3.2 Fossil Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Non-Fossil
8.4.1 Non-Fossil Market Trends Analysis (2020-2032)
8.4.2 Non-Fossil Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Biomass
8.5.1 Biomass Market Trends Analysis (2020-2032)
8.5.2 Biomass Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Industrial Boilers Market Segmentation, By Boiler Type
9.1 Chapter Overview
9.2 Fire-Tube
9.2.1 Fire-Tube Market Trends Analysis (2020-2032)
9.2.2 Fire-Tube Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Water-Tube
9.3.1 Water-Tube Market Trends Analysis (2020-2032)
9.3.2 Water-Tube Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Industrial Boilers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.4 North America Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.2.5 North America Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.6.2 USA Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.2.6.3 USA Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.7.2 Canada Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.2.7.3 Canada Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.8.2 Mexico Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.2.8.3 Mexico Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Industrial Boilers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.6.2 Poland Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.1.6.3 Poland Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.7.2 Romania Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.1.7.3 Romania Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Industrial Boilers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.4 Western Europe Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.2.5 Western Europe Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.6.2 Germany Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.2.6.3 Germany Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.7.2 France Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.2.7.3 France Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.8.2 UK Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.2.8.3 UK Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.9.2 Italy Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.2.9.3 Italy Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.10.2 Spain Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.2.10.3 Spain Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.13.2 Austria Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.2.13.3 Austria Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Industrial Boilers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.4 Asia Pacific Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.4.5 Asia Pacific Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.6.2 China Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.4.6.3 China Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.7.2 India Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.4.7.3 India Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.8.2 Japan Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.4.8.3 Japan Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.9.2 South Korea Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.4.9.3 South Korea Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.10.2 Vietnam Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.4.10.3 Vietnam Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.11.2 Singapore Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.4.11.3 Singapore Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.12.2 Australia Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.4.12.3 Australia Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Industrial Boilers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.4 Middle East Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.5.1.5 Middle East Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.6.2 UAE Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.5.1.6.3 UAE Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Industrial Boilers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.4 Africa Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.5.2.5 Africa Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Industrial Boilers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.4 Latin America Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.6.5 Latin America Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.6.2 Brazil Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.6.6.3 Brazil Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.7.2 Argentina Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.6.7.3 Argentina Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.8.2 Colombia Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.6.8.3 Colombia Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Industrial Boilers Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Industrial Boilers Market Estimates and Forecasts, By Fuel (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Industrial Boilers Market Estimates and Forecasts, By Boiler Type (2020-2032) (USD Billion)
11. Company Profiles
11.1 Parker Boiler
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Cleaver-Brooks, Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Thermax Inc
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Weil-McLain
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Fulton Boiler Works, Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 General Electric
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Babcock & Wilcox Enterprises, Inc.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 BURNHAM COMMERCIAL BOILERS
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Hurst Boiler & Welding Co, Inc.
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Bryan Steam LLC
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Application
Chemicals & Petrochemicals
Paper & Pulp
Food & Beverages
Metals & Mining
Others
By Fuel
Oil & Gas
Fossil
Non-Fossil
Biomass
By Boiler Type
Fire-Tube
Water-Tube
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
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