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Industrial Boilers Market Size to Attain USD 23.5 Billion By 2030

 The industrial boilers market size is poised to grow by $ 23.5 billion by 2030 from $ 15.31 Billion in 2022, exhibiting a CAGR of 5.5% during the forecast period 2022 to 2030.

Industrial Boilers Market Size 2020 to 2030

Key Takeaway

  • By product, the water-tube boiler segment has accounted 72% revenue share in 2022.
  • The water-tube boiler segment is expected to grow at a CAGR of 5.2% from 2022 to 2030.
  • The fire-tube segment is growing at a CAGR of around 4.4% through 2022 to 2030.
  • By technology, the non-condensing industrial boilers market is anticipated to grow at a CAGR of 4.8% till 2030.

The main objective of this report is to define, describe, and forecast the global market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in market.

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COVID-19 Impact

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the electric vehicle fuel cell market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Major companies operating in this are

  • AMEC Foster Wheeler PLC
  • Siemens AG
  • Thermax Limited
  • Harbin Electric Corporation
  • Bharat Heavy Electricals Limited
  • General Electric Company
  • Dongfang Electric Corporation Ltd.
  • Babcock & Wilcox Enterprises, Inc.
  • IHI Corporation
  • AC Boilers S.P.A

Market Segmentation

By Type

  • Fire Tube
  • Water Tube
  • Others

By Function

  • Hot Water
  • Steam

By Fuel Type

  • Oil & Gas
  • Biomass
  • Fossil
  • Non-Fossil

By Boiler Horsepower

  • 10-150 BHP
  • 151-300 BHP
  • 301-600 BHP

By Technology

  • Condensing
  • Non-Condensing

By Steam Pressure

  • High Pressure Boilers
  • Medium Pressure Boilers
  • Low Pressure Boilers

By Steam Usage

  • Process Boilers
  • Utility Boilers
  • Marine Boilers

By Furnace Position

  • Externally Fired Boilers
  • Internally Fired Boilers

By Shell Axis

  • Horizontal Boilers
  • Vertical Boilers

By Tubes In Boilers

  • Multi-Tube Boilers
  • Single Boilers

By Water And Steam Circulation In Boilers

  • Forced Circulation Boilers
  • Natural Circulation Boilers

By Application

  • Paper & Pulp
  • Food & Beverages
  • Chemicals & Petrochemicals
  • Metals & Mining
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa

Major highlights of Report:

  • Figures related to sales volume, market remuneration, and segmental shares
  • Featuring market dynamics
  • Growth prospects and expansion graph
  • PROCON study of direct & indirect sales channels
  • Profiles of prominent traders, dealer, and distributors in the industry

Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa

  • Industry forecasts based on region and at country level
  • Data about sales volume recorded, industry share held, and profit margins amassed
  • Overall remuneration and estimated growth rate for each regional market

Major Key Points Covered in Report:

Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.

Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Industrial Boilers Market 

5.1. COVID-19 Landscape: Industrial Boilers Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Industrial Boilers Market, By Type

8.1. Industrial Boilers Market, by Type, 2021-2030

8.1.1. Fire Tube

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Water Tube

8.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Industrial Boilers Market, By Application

9.1. Industrial Boilers Market, by Application, 2021-2030

9.1.1. Paper & Pulp

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Food & Beverages

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Chemicals & Petrochemicals

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Metals & Mining

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Industrial Boilers Market, By Fuel Type 

10.1. Industrial Boilers Market, by Fuel Type, 2021-2030

10.1.1. Oil & Gas

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Biomass

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Fossil

10.1.3.1. Market Revenue and Forecast (2019-2030)

10.1.4. Non-Fossil

10.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Industrial Boilers Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type (2019-2030)

11.1.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type (2019-2030)

11.2.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Type (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Type (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type (2019-2030)

11.3.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Type (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Type (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Type (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Type (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Fuel Type (2019-2030)

Chapter 12. Company Profiles

12.1. AMEC Foster Wheeler PLC

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Siemens AG

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Thermax Limited

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Harbin Electric Corporation

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Bharat Heavy Electricals Limited

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. General Electric Company

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Dongfang Electric Corporation Ltd.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Babcock & Wilcox Enterprises, Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. IHI Corporation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. AC Boilers S.P.A

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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