Industrial Boilers Market Size, Share, Analysis Report

Industrial Boilers Market Size by Boiler Type (Water-tube, Fire-tube), By Boiler horsepower (151-300 BHP, 301-600 BHP, 10-150 BHP), By End Use Industry (Refineries, Metals & Mining), By Fuel Type (Coal, Oil, Natural Gas & Biomass), Others), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The US industrial boilers market is expected to be around US$ 600 Million by 2027; Growing at a CAGR of more than 3% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • Harbin Electric Company Limited
  • IHI Corporation
  • Alfa Laval AB
  • Andritz AG
  • Robert Bosch GmbH
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    3%

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The US industrial boilers market is expected to be around US$ 600 Million by 2027; Growing at a CAGR of more than 3% in the given forecast period.

    Strong automation has caused into improved demand for industrial boiler for mixed application in industries. Food processing sector and increasing demand for the biomass boiler. Rising demand for compact designs & lean operations and growing use of natural gas are key opportunities of the market. Severe emission standards and high R&D investments are main challenges of the industrial boilers market. But, the high cost of installation, and boiler efficiency & steam quality are major makes of industrial boilers market.

    Instable trends toward substitution and upgradation of existing heating systems joined with development in operational ability and design of boilers will drive the industrial boiler market development. High operation & maintenance costs, rising fuel prices in coincidence with stringent environmental regulations will further accelerate the replacement of traditional heating systems with energy efficient units.

    The global Industrial Boilers market is segregated on the basis of Boiler Type as Water-tube and Fire-tube. Based on Boiler horsepower the global Industrial Boilers market is segmented in 151-300 BHP, 301-600 BHP, and 10-150 BHP. Based on End Use Industry the global Industrial Boilers market is segmented in Refineries, Metals & Mining, Others, Chemical, and Food.

    Based on Fuel Type, the global Industrial Boilers market is segmented in Coal, Oil, Natural Gas & Biomass, and Others.

    The global Industrial Boilers market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Industrial Boilers market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Harbin Electric Company Limited, IHI Corporation, Alfa Laval AB, Andritz AG, Robert Bosch GmbH, Cleaver-Brooks, Inc, Byworth Boilers Limited, Babcock & Wilcox Enterprises, Inc, GE Power, Siemens AG, and others are among the major players in the global Industrial Boilers market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Industrial Boilers Market has been segmented as below:

    Industrial Boilers Market, By Boiler Type

    • Water-tube
    • Fire-tube

    Industrial Boilers Market, By Boiler horsepower

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

    Industrial Boilers Market, By End Use Industry

    • Refineries
    • Metals & Mining
    • Others
    • Chemical
    • Food

    Industrial Boilers Market, By Fuel Type

    • Coal
    • Oil
    • Natural Gas & Biomass
    • Others

    Industrial Boilers Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Industrial Boilers Market, By Company

    • Harbin Electric Company Limited
    • IHI Corporation
    • Alfa Laval AB
    • Andritz AG
    • Robert Bosch GmbH
    • Cleaver-Brooks, Inc
    • Byworth Boilers Limited
    • Babcock & Wilcox Enterprises, Inc
    • GE Power
    • Siemens AG
    • John Wood Group PLC
    • Dongfang Electric Corporation Limited (Dec LTD.)
    • Mitsubishi Hitachi Power Systems, LTD.
    • Thermax Limited
    • Sofinter Group
    • Bharat Heavy Electricals Limited
    • AB&CO Group
    • Bryan Steam LLC
    • Cochran LTD
    • Forbes Marshall Private Limited

    The report covers:

    • Global Industrial Boilers market sizes from 2018 to 2027, along with CAGR for 2022-2027
    • Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
    • Global Industrial Boilers market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Industrial Boilers market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Industrial Boilers market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics.

    The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Industrial Boilers market share. Major industry players with significant revenue share include Harbin Electric Company Limited, IHI Corporation, Alfa Laval AB, Andritz AG, Robert Bosch GmbH, Cleaver-Brooks, Inc, Byworth Boilers Limited, Babcock & Wilcox Enterprises, Inc, GE Power, Siemens AG, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Industrial Boilers industry trends
    • Find complete analysis on the market status
    • Identify the Industrial Boilers market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

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    1. Introduction
        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders
    2. Research Methodology
        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis
    3. Executive Summary

    4. Market Overview
        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis
        
    5. Industrial Boilers Market, By Boiler Type
        5.1 Introduction
        5.2 Water-tube
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Fire-tube
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
            
    6. Industrial Boilers Market, By Boiler horsepower
        6.1 Introduction
        6.2 151-300 BHP
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 301-600 BHP
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast
        6.4 10-150 BHP
            6.4.1 Market Overview
            6.4.2 Market Size and Forecast
            
    7. Industrial Boilers Market, By End Use Industry
        7.1 Introduction
        7.2 Refineries
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Metals & Mining
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast
        7.4 Others
            7.4.1 Market Overview
            7.4.2 Market Size and Forecast
        7.5 Chemical
            7.5.1 Market Overview
            7.5.2 Market Size and Forecast
        7.6 Food
            7.6.1 Market Overview
            7.6.2 Market Size and Forecast
            
    8. Industrial Boilers Market, By Fuel Type
        8.1 Introduction
        8.2 Coal
            8.2.1 Market Overview
            8.2.2 Market Size and Forecast
        8.3 Oil
            8.3.1 Market Overview
            8.3.2 Market Size and Forecast
        8.4 Natural Gas & Biomass
            8.4.1 Market Overview
            8.4.2 Market Size and Forecast
        8.5 Others
            8.5.1 Market Overview
            8.5.2 Market Size and Forecast
            
    9. Industrial Boilers Market, By Geography
        9.1 Introduction
        9.2 North America
            9.2.1 North America Industrial Boilers, By Boiler Type
            9.2.2 North America Industrial Boilers, By Boiler horsepower
            9.2.3 North America Industrial Boilers, By End Use Industry
            9.2.4 North America Industrial Boilers, By Fuel Type
        9.3 Europe
            9.3.1 Europe Industrial Boilers, By Boiler Type
            9.3.2 Europe Industrial Boilers, By Boiler horsepower
            9.3.3 Europe Industrial Boilers, By End Use Industry
            9.3.4 Europe Industrial Boilers, By Fuel Type
        9.4 Asia-Pacific
            9.4.1 Asia-Pacific Industrial Boilers, By Boiler Type
            9.4.2 Asia-Pacific Industrial Boilers, By Boiler horsepower
            9.4.3 Asia-Pacific Industrial Boilers, By End Use Industry
            9.4.4 Asia-Pacific Industrial Boilers, By Fuel Type
        9.5 Rest of the World
            9.5.1 Rest of the World Industrial Boilers, By Boiler Type
            9.5.2 Rest of the World Industrial Boilers, By Boiler horsepower
            9.5.3 Rest of the World Industrial Boilers, By End Use Industry
            9.5.4 Rest of the World Industrial Boilers, By Fuel Type
    10. Competitive Insights
        10.1 Key Insights
        10.2 Company Market Share Analysis
        10.3 Strategic Outlook
            10.3.1 Mergers & Acquisitions
            10.3.2 New Product Development
            10.3.3 Portfolio/Production Capacity Expansions
            10.3.4 Joint Ventures, Collaborations, Partnerships & Agreements 
            10.3.5 Others
            
    11. Company Profiles
        11.1 Harbin Electric Company Limited
            11.1.1 Company Overview
            11.1.2 Product/Service Landscape
            11.1.3 Financial Overview
            11.1.4 Recent Developments
        11.2 IHI Corporation
            11.2.1 Company Overview
            11.2.2 Product/Service Landscape
            11.2.3 Financial Overview
            11.2.4 Recent Developments
        11.3 Alfa Laval AB
            11.3.1 Company Overview
            11.3.2 Product/Service Landscape
            11.3.3 Financial Overview
            11.3.4 Recent Developments
        11.4 Andritz AG
            11.4.1 Company Overview
            11.4.2 Product/Service Landscape
            11.4.3 Financial Overview
            11.4.4 Recent Developments
        11.5 Robert Bosch GmbH
            11.5.1 Company Overview
            11.5.2 Product/Service Landscape
            11.5.3 Financial Overview
            11.5.4 Recent Developments
        11.6 Cleaver-Brooks, Inc
            11.6.1 Company Overview
            11.6.2 Product/Service Landscape
            11.6.3 Financial Overview
            11.6.4 Recent Developments
        11.7 Byworth Boilers Limited
            11.7.1 Company Overview
            11.7.2 Product/Service Landscape
            11.7.3 Financial Overview
            11.7.4 Recent Developments
        11.8 Babcock & Wilcox Enterprises, Inc
            11.8.1 Company Overview
            11.8.2 Product/Service Landscape
            11.8.3 Financial Overview
            11.8.4 Recent Developments
        11.9 GE Power
            11.9.1 Company Overview
            11.9.2 Product/Service Landscape
            11.9.3 Financial Overview
            11.9.4 Recent Developments
        11.10 Siemens AG
            11.10.1 Company Overview
            11.10.2 Product/Service Landscape
            11.10.3 Financial Overview
            11.10.4 Recent Developments
        11.11 John Wood Group PLC
            11.11.1 Company Overview
            11.11.2 Product/Service Landscape
            11.11.3 Financial Overview
            11.11.4 Recent Developments
        11.12 Dongfang Electric Corporation Limited
            11.12.1 Company Overview
            11.12.2 Product/Service Landscape
            11.12.3 Financial Overview
            11.12.4 Recent Developments
        11.13 Mitsubishi Hitachi Power Systems, LTD
            11.13.1 Company Overview
            11.13.2 Product/Service Landscape
            11.13.3 Financial Overview
            11.13.4 Recent Developments
        11.14 Thermax Limited
            11.14.1 Company Overview
            11.14.2 Product/Service Landscape
            11.14.3 Financial Overview
            11.14.4 Recent Developments
        11.15 Sofinter Group
            11.15.1 Company Overview
            11.15.2 Product/Service Landscape
            11.15.3 Financial Overview
            11.15.4 Recent Developments
        11.16 Bharat Heavy Electricals Limited
            11.16.1 Company Overview
            11.16.2 Product/Service Landscape
            11.16.3 Financial Overview
            11.16.4 Recent Developments
        11.17 AB&CO Group
            11.17.1 Company Overview
            11.17.2 Product/Service Landscape
            11.17.3 Financial Overview
            11.17.4 Recent Developments
        11.18 Bryan Steam LLC
            11.18.1 Company Overview
            11.18.2 Product/Service Landscape
            11.18.3 Financial Overview
            11.18.4 Recent Developments
        11.19 Cochran LTD
            11.19.1 Company Overview
            1119.2 Product/Service Landscape
            11.19.3 Financial Overview
            11.19.4 Recent Developments
        11.20 Forbes Marshall Private Limited
            11.20.1 Company Overview
            11.20.2 Product/Service Landscape
            11.20.3 Financial Overview
            11.20.4 Recent Developments

    The Industrial Boilers Market has been segmented as below:

    Industrial Boilers Market, By Boiler Type

    • Water-tube
    • Fire-tube

    Industrial Boilers Market, By Boiler horsepower

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

    Industrial Boilers Market, By End Use Industry

    • Refineries
    • Metals & Mining
    • Others
    • Chemical
    • Food

    Industrial Boilers Market, By Fuel Type

    • Coal
    • Oil
    • Natural Gas & Biomass
    • Others

    Industrial Boilers Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

     

    Industrial Boilers Market, By Company

    • Harbin Electric Company Limited
    • IHI Corporation
    • Alfa Laval AB
    • Andritz AG
    • Robert Bosch GmbH
    • Cleaver-Brooks, Inc
    • Byworth Boilers Limited
    • Babcock & Wilcox Enterprises, Inc
    • GE Power
    • Siemens AG
    • John Wood Group PLC
    • Dongfang Electric Corporation Limited (Dec LTD.)
    • Mitsubishi Hitachi Power Systems, LTD.
    • Thermax Limited
    • Sofinter Group
    • Bharat Heavy Electricals Limited
    • AB&CO Group
    • Bryan Steam LLC
    • Cochran LTD
    • Forbes Marshall Private Limited

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    The market is expected to grow at a CAGR of 3% during the study period (2022-2027)
    The global Industrial Boilers Market Expected to Exceed more than US$ 600 Million by 2027.
    The segment included in the Industrial Boilers Market is Boiler Type, Boiler Horsepower, End Use Industry, Fuel Type and Region.
    Some key players operating in the Industrial Boilers Market include Harbin Electric Company Limited, IHI Corporation, Alfa Laval AB, Andritz AG, Robert Bosch GmbH
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