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Steam Boiler Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

Industry Trends

Steam Boiler Market size in 2018, was valued over USD 15 billion and is set to expand over 3% by 2025.

Resurgent economic growth across developing nations driven by increasing investments toward the development & expansion of manufacturing facilities will drive the global market size. Rapidly expanding industries, most notably the food processing & chemical sector will entail he sturdy deployment of these units. Moreover, global financial institutions coupled with respective governments have introduced initiatives to develop new industrial centers which in turn will fuel the product deployment.

Steam Boiler Market, By Capacity 

<10 MMBtu/hr steam boiler is set to expand over 3% by 2025. Rising investments across the medium & small-scale industries coupled with government initiatives toward local manufacturing will boost the product adoption. Shift in the regulatory landscape to curb carbon foot print along with rising focus on energy optimization will further stimulate the business growth.

>250 MMBtu/hr steam boiler in 2018, was valued over USD 900 million. Escalating demand for primary metals and bulk chemicals coupled with increasing investment toward the modernization, renovation and capacity addition of oil refineries will drive the industry growth.

Steam Boiler Market, By Technology

Condensing steam boiler is set to witness growth on account of growing concerns over carbon emissions coupled with surging demand for the replacement of existing units. Regulatory measures aimed at energy conservation reinforced by legislative mandates pertaining to energy efficiency requirements will stimulate the product deployment.

Non-condensing steam boiler industry is set to grow over 3% by 2025. Increasing demand for refining products coupled with rising investments in the refining capacity additions will stimulate the industry expansion. Key features including low cost, high efficiency and the ability to withstand temperature fluctuations will further accelerate the product penetration.

Steam Boiler Market, By Fuel

Gas fired steam boiler industry is anticipated to grow over 4% by 2025. Strengthening legislative initiatives aimed at minimizing greenhouse gas emissions coupled with subsequent introduction of stringent regulations toward the adoption of low emission fuels will drive the product penetration across diverse end-uses. Moreover, progressive introduction of energy efficient standards & codes coupled with falling natural gas prices will further complement the industry growth.

Stringent government regulations along with shifting focus toward the adoption of sustainable technologies have subdued the demand for coal fired boilers. Moreover, increasing electricity demand, relatively lower cost, easy availability of coal and a lack of regulatory framework in emerging economies will continue to sustain the product penetration over the coming years.

Steam Boiler Market, By Application

Rising demand for petrochemicals coupled with surging investments toward capacity expansion will stimulate the the market growth for refining applications. Growing focus on energy conservation coupled with declining crude oil prices will further favor the deployment of these units.

Growing consumer affinity toward processed food along with escalating measures to minimize production costs across these industries will drive the market size for food processing application. Moreover, increasing purchasing power accompanied by changing consumer preferences will boost the industry growth.

Steam Boiler Market, By Region 

Asia Pacific market is anticipated to grow over 4% by 2025. Ongoing industrialization along with shift in the regulatory landscape favoring reduced emissions will stimulate the business landscape. Furthermore, growing legislative inclination toward expansion of key economic sectors favored by the participation of financial institutions will support the industry growth.

U.S. steam boiler market is set to surpass USD 3 billion by 2025. Increasing demand for processed food on account of changing consumer preferences favored by rising per capita income will enhance the business growth. In addition, sizeable expansion in the regional refining capacity along with legislative ventures aimed at optimizing the manufacturing capabilities will favor the industry dynamics.

Europe will witness growth on account of the favorable policy framework coupled with rising investments across industrial and commercial sectors in the region. Introduction of rigorous codes & standards focused at carbon emission reduction along with the ongoing retrofits of existing heating systems will boost the industry growth. Progressive replacement of existing boiler units to conform with emission standards will further favor the business outlook.

Competitive Market Share

Prominent players operating across the steam boiler industry include Babcock & Wilcox, Fulton Boiler Works, BHEL, Cleaver Brooks, Hurst Boiler & Welding, Clayton, IHI, AMEC Foster Wheeler, Doosan Heavy, Cochran, Mitsubishi Hitachi Power Systems, Forbes Marshall, Siemens, General Electric, Rentech, Miura, Thermax, Viessmann, Hoval, Ferroli, Fondital, Groupe Atlantic, Bosch Thermotechnology and SIME amongst others.

New product innovations, overseas business expansions, mergers & acquisitions are some of the strategic ventures undertaken by the industry players. Moreover, the companies are consistently focused toward extensive research & development activities to gain competitive advantage over other participants.

Steam Boiler Industry Background

A steam boiler may be defined as a closed vessel in which a fluid or water is heated under pressure for steam production. The generated steam is then circulated out of the boiler for various other processes or electricity generation. In case of power generation, steam is expelled out of the boiler at a very high temperature and pressure.

Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimates & forecast parameters

1.4 Data sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Steam boiler market 3600 synopsis, 2014 – 2025

2.1.1 Business trends

2.1.2 Fuel trends

2.1.3 Technology trends

2.1.4 Capacity trends

2.1.5 Application trends

2.1.6 Regional trends

Chapter 3 Steam Boiler Market Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2014 – 2025 (USD Million)

3.3 Industry ecosystem analysis

3.3.1 Vendor Matrix

3.4 Innovation and technology landscape

3.4.1 Bosch Thermotechnology

3.4.2 Miura America Co. Ltd.

3.4.3 Fulton Boiler Works, Inc.

3.4.4 Cleaver Brooks

3.4.5 Hurst Boiler & Welding Company, Inc

3.5 Regulatory Landscape

3.5.1 U.S.

3.5.1.1 Industrial

3.5.1.2 Energy Conservation Program for Certain Industrial Equipment: Energy Conservation Standards and Test Procedures for Commercial Heating Equipment

3.5.1.3 National Emission Standards for Hazardous Air Pollutants (NESHAP)

3.5.1.4 New Source Performance Standards (NSPS)

3.5.1.5 Pennsylvania

3.5.1.6 Georgia

3.5.1.7 Illinois

3.5.2 Europe

3.5.2.1 Ecodesign Directive 2009/125/EC

3.5.3 Asia Pacific

3.5.3.1 China

3.5.3.1.1 Minimum Energy Performance Standards (MEPS)

3.5.3.1.1.1 GB 20665-20151

3.5.3.2 Mandatory labels

3.5.3.3 India

3.5.3.3.1 Indian Boiler Regulations (IBR)

3.5.3.3.2 Scope

3.5.4 Middle East & Africa

3.5.4.1 South Africa

3.5.4.1.1 SANS 347

3.5.5 Latin America

3.5.5.1 Brazil

3.5.5.1.1 NR-13 pressure vessel regulation

3.6 Competitiveness Index

3.6.1 North America

3.6.1.1 U.S.

3.6.1.2 Canada

3.6.1.3 Mexico

3.6.2 Europe

3.6.2.1 France

3.6.2.2 UK

3.6.2.3 Poland

3.6.2.4 Italy

3.6.2.5 Spain

3.6.2.6 Austria

3.6.2.7 Germany

3.6.2.8 Sweden

3.6.2.9 Russia

3.6.3 Asia-Pacific

3.6.3.1 China

3.6.3.2 India

3.6.3.3 Philippines

3.6.3.4 Japan

3.6.3.5 South Korea

3.6.3.6 Australia

3.6.3.7 Indonesia

3.6.4 Middle East & Africa

3.6.4.1 Saudi Arabia

3.6.4.2 Iran

3.6.4.3 UAE

3.6.4.4 Nigeria

3.6.4.5 South Africa

3.6.5 Latin America

3.6.5.1 Argentina

3.6.5.2 Chile

3.6.5.3 Brazil

3.7 Ease of Doing Business Index

3.7.1 North America

3.7.1.1 U.S.

3.7.1.2 Canada

3.7.1.3 Mexico

3.7.2 Europe

3.7.2.1 France

3.7.2.2 UK

3.7.2.3 Poland

3.7.2.4 Italy

3.7.2.5 Spain

3.7.2.6 Austria

3.7.2.7 Germany

3.7.2.8 Sweden

3.7.2.9 Russia

3.7.3 Asia-Pacific

3.7.3.1 China

3.7.3.2 India

3.7.3.3 Philippines

3.7.3.4 Japan

3.7.3.5 South Korea

3.7.3.6 Australia

3.7.3.7 Indonesia

3.7.4 Middle East & Africa

3.7.4.1 Saudi Arabia

3.7.4.2 Iran

3.7.4.3 UAE

3.7.4.4 Nigeria

3.7.4.5 South Africa

3.7.5 Latin America

3.7.5.1 Argentina

3.7.5.2 Chile

3.7.5.3 Brazil

3.8 Industry impact forces

3.8.1 Growth drivers

3.8.1.1 North America & Europe

3.8.1.1.1 Ongoing upgradation and replacement of conventional boilers

3.8.1.2 Asia-Pacific and Middle East & Africa

3.8.1.2.1 Rapid Industrialization

3.8.1.2.2 Positive outlook toward chemical and food processing industry

3.8.2 Industry pitfalls & challenges

3.8.2.1 High installation cost

3.9 Growth potential analysis

3.10 Price trend

3.10.1 Price trend analysis, by region

3.10.2 Price trend analysis, by capacity

3.10.3 Price trend analysis, by application

3.11 Customer requirement

3.12 Customer group requirement

3.13 Porter’s Analysis

3.14 Competitive landscape, 2018

3.14.1 Strategy dashboard

3.14.1.1 Bosch

3.14.1.1.1 Mergers & Acquisitions

3.14.1.1.2 New Product Launch

3.14.1.1.3 Overseas Business Expansion

3.14.1.2 Thermax

3.14.1.2.1 Merger & Acquisition

3.15 PESTLE Analysis

3.16 Parameters affecting market entry

Chapter 4 Steam boiler Market, By Fuel

4.1 Steam boiler market share by fuel, 2018 & 2025

4.2 Natural gas

4.2.1 Global market from natural gas, 2014 – 2025

4.2.2 Global market from natural gas, by region, 2014 – 2025

4.3 Oil

4.3.1 Global market from oil, 2014 – 2025

4.3.2 Global market from oil, by region, 2014 – 2025

4.4 Coal

4.4.1 Global market from coal, 2014 – 2025

4.4.2 Global market from coal, by region, 2014 – 2025

4.5 Others

4.5.1 Global market from others, 2014 – 2025

4.5.2 Global market from others, by region, 2014 – 2025

Chapter 5 Steam Boiler Market, By Technology

5.1 Steam boiler market share by technology, 2018 & 2025

5.2 Condensing

5.2.1 Global market from condensing, 2014 – 2025

5.2.2 Global market from condensing, by region, 2014 – 2025

5.3 Non-condensing

5.3.1 Global market from non-condensing, 2014 – 2025

5.3.2 Global market from non-condensing, by region, 2014 – 2025

Chapter 6 Steam Boiler Market, By Capacity

6.1 Steam boiler market share by capacity, 2018 & 2025

6.2 < 10 MMBtu/hr

6.2.1.1.1.1 Global market from < 10 MMBtu/hr, 2014 – 2025

6.2.2 Global market from < 10 MMBtu/hr, by region, 2014 – 2025

6.3 10-50 MMBtu/hr

6.3.1 Global market from 10-50 MMBtu/hr, 2014 – 2025

6.3.2 Global market from 10-50 MMBtu/hr, by region, 2014 – 2025

6.4 50-100 MMBtu/hr

6.4.1 Global market from 50-100 MMBtu/hr, 2014 – 2025

6.4.2 Global market from 50-100 MMBtu/hr, by region, 2014 – 2025

6.5 100-250 MMBtu/hr

6.5.1 Global market from 100-250 MMBtu/hr, 2014 – 2025

6.5.2 Global market from 100-250 MMBtu/hr, by region, 2014 – 2025

6.6 > 250 MMBtu/hr

6.6.1 Global market from > 250 MMBtu/hr, 2014 – 2025

6.6.2 Global market from > 250 MMBtu/hr, by region, 2014 – 2025

Chapter 7 Steam Boiler Market, By Application

7.1 Steam boiler market share by application, 2018 & 2025

7.2 Commercial

7.2.1 Global market from commercial, 2014 – 2025

7.2.2 Global market from commercial, by region, 2014 – 2025

7.2.3 Capacity

7.2.3.1 Global market from capacity, 2014 – 2025

7.2.3.2 Global market from capacity, by region, 2014 – 2025

7.2.3.3 <10 MMBtu/hr

7.2.3.3.1 Commercial steam boiler market by <10 MMBtu/hr, 2014 – 2025

7.2.3.3.1 Commercial steam boiler market by <10 MMBtu/hr, by region, 2014 – 2025

7.2.3.4 10-50 MMBtu/hr

7.2.3.4.1 Commercial steam boiler market by 10-50 MMBtu/hr, 2014 – 2025

7.2.3.4.2 Commercial steam boiler market by 10-50 MMBtu/hr, by region, 2014 – 2025

7.2.3.5 50-100 MMBtu/hr

7.2.3.5.1 Commercial steam boiler market by 50-100 MMBtu/hr, 2014 – 2025

7.2.3.5.2 Commercial steam boiler market by 50-100 MMBtu/hr, by region, 2014 – 2025

7.2.3.6 100-250 MMBtu/hr

7.2.3.6.1 Commercial steam boiler market by 100-250 MMBtu/hr, 2014 – 2025

7.2.3.6.2 Commercial steam boiler market by 100-250 MMBtu/hr, by region, 2014 – 2025

7.2.3.7 >250 MMBtu/hr

7.2.3.7.1 Commercial steam boiler market by >250 MMBtu/hr, 2014 – 2025

7.2.3.7.2 Commercial steam boiler market by >250 MMBtu/hr, by region, 2014 – 2025

7.2.4 Fuel

7.2.4.1 Global market from fuel, 2014 – 2025

7.2.4.2 Global market from fuel, by region, 2014 – 2025

7.2.4.3 Natural gas

7.2.4.3.1 Commercial steam boiler market by natural gas, 2014 – 2025

7.2.4.3.2 Commercial steam boiler market by natural gas, by region, 2014 – 2025

7.2.4.4 Oil

7.2.4.4.1 Commercial steam boiler market by oil, 2014 – 2025

7.2.4.4.2 Commercial steam boiler market by oil, by region, 2014 – 2025

7.2.4.5 Coal

7.2.4.5.1 Commercial steam boiler market by coal, 2014 – 2025

7.2.4.5.2 Commercial steam boiler market by coal, by region, 2014 – 2025

7.2.4.6 Others

7.2.4.6.1 Commercial steam boiler market by others, 2014 – 2025

7.2.4.6.2 Commercial steam boiler market by others, by region, 2014 – 2025

7.2.5 Technology

7.2.5.1 Global market from technology, 2014 – 2025

7.2.5.2 Global market from technology, by region, 2014 – 2025

7.2.5.3 Condensing

7.2.5.3.1 Commercial steam boiler market by condensing, 2014 – 2025

7.2.5.3.2 Commercial steam boiler market by condensing, by region, 2014 – 2025

7.2.5.4 Non-condensing

7.2.5.4.1 Commercial steam boiler market by non-condensing, 2014 – 2025

7.2.5.4.2 Commercial steam boiler market by non-condensing, by region, 2014 – 2025

7.3 Industrial

7.3.1 Global market from industrial, 2014 – 2025

7.3.2 Global market from industrial, by region, 2014 – 2025

7.3.3 Capacity

7.3.3.1 Global market from capacity, 2014 – 2025

7.3.3.2 Global market from capacity, by region, 2014 – 2025

7.3.3.3 <10 MMBtu/hr

7.3.3.3.1 Industrial steam boiler market by <10 MMBtu/hr, 2014 – 2025

7.3.3.3.2 Industrial steam boiler market by <10 MMBtu/hr, by region, 2014 – 2025

7.3.3.4 10-50 MMBtu/hr

7.3.3.4.1 Industrial steam boiler market by 10-50 MMBtu/hr, 2014 – 2025

7.3.3.4.2 Industrial steam boiler market by 10-50 MMBtu/hr, by region, 2014 – 2025

7.3.3.5 50-100 MMBtu/hr

7.3.3.5.1 Industrial steam boiler market by 50-100 MMBtu/hr, 2014 – 2025

7.3.3.5.2 Industrial steam boiler market by 50-100 MMBtu/hr, by region, 2014 – 2025

7.3.3.6 100-250 MMBtu/hr

7.3.3.6.1 Industrial steam boiler market by 100-250 MMBtu/hr, 2014 – 2025

7.3.3.6.2 Industrial steam boiler market by 100-250 MMBtu/hr, by region, 2014 – 2025

7.3.3.7 >250 MMBtu/hr

7.3.3.7.1 Industrial steam boiler market by >250 MMBtu/hr, 2014 – 2025

7.3.3.7.2 Industrial steam boiler market by >250 MMBtu/hr, by region, 2014 – 2025

7.3.4 Fuel

7.3.4.1 Global market from fuel, 2014 – 2025

7.3.4.2 Global market from fuel, by region, 2014 – 2025

7.3.4.3 Natural gas

7.3.4.3.1 Industrial steam boiler market by natural gas, 2014 – 2025

7.3.4.3.2 Industrial steam boiler market by natural gas, by region, 2014 – 2025

7.3.4.4 Oil

7.3.4.4.1 Industrial steam boiler market by oil, 2014 – 2025

7.3.4.4.2 Industrial steam boiler market by oil, by region, 2014 – 2025

7.3.4.5 Coal

7.3.4.5.1 Industrial steam boiler market by coal, 2014 – 2025

7.3.4.5.2 Industrial steam boiler market by coal, by region, 2014 – 2025

7.3.4.6 Others

7.3.4.6.1 Industrial steam boiler market by others, 2014 – 2025

7.3.4.6.2 Industrial steam boiler market by others, by region, 2014 – 2025

7.3.5 Technology

7.3.5.1 Global market from technology, 2014 – 2025

7.3.5.2 Global market from technology, by region, 2014 – 2025

7.3.5.3 Condensing

7.3.5.3.1 Industrial steam boiler market by condensing, 2014 – 2025

7.3.5.3.2 Industrial steam boiler market by condensing, by region, 2014 – 2025

7.3.5.4 Non-condensing

7.3.5.4.1 Industrial steam boiler market by non-condensing, 2014 – 2025

7.3.5.4.2 Industrial steam boiler market by non-condensing, by region, 2014 – 2025

7.3.6 End-Use

7.3.6.1 Global market from end-use, 2014 – 2025

7.3.6.2 Global market from end-use, by region, 2014 – 2025

7.3.6.3 Food processing

7.3.6.3.1 Industrial steam boiler market by food processing, 2014 – 2025

7.3.6.3.2 Industrial steam boiler market by food processing, by region, 2014 – 2025

7.3.6.4 Pulp & Paper

7.3.6.4.1 Industrial steam boiler market by pulp & paper, 2014 – 2025

7.3.6.4.2 Industrial steam boiler market by pulp & paper, by region, 2014 – 2025

7.3.6.5 Chemical

7.3.6.5.1 Industrial steam boiler market by chemical, 2014 – 2025

7.3.6.5.2 Industrial steam boiler market by chemical, by region, 2014 – 2025

7.3.6.6 Refinery

7.3.6.6.1 Industrial steam boiler market by refinery, 2014 – 2025

7.3.6.6.2 Industrial steam boiler market by refinery, by region, 2014 – 2025

7.3.6.7 Primary metal

7.3.6.7.1 Industrial steam boiler market by primary metal, 2014 – 2025

7.3.6.7.2 Industrial steam boiler market by primary metal, by region, 2014 – 2025

7.3.6.8 Other manufacturing

7.3.6.8.1 Industrial steam boiler market by other manufacturing, 2014 – 2025

7.3.6.8.2 Industrial steam boiler market by other manufacturing, by region, 2014 – 2025

Chapter 8 Steam Boiler Market, By Region

8.1 Steam boiler market share by region, 2018 & 2025

8.2 North America

8.2.1 North America market, 2014 – 2025

8.2.1 North America market by fuel, 2014 – 2025

8.2.2 North America market by technology, 2014 – 2025

8.2.3 North America market by capacity, 2014 – 2025

8.2.4 North America market by application, 2014 – 2025

8.2.5 Commercial

8.2.5.1 Commercial steam boiler market by capacity, 2014 – 2025

8.2.5.2 Commercial steam boiler market by fuel, 2014 – 2025

8.2.5.3 Commercial steam boiler market by technology, 2014 – 2025

8.2.6 Industrial

8.2.6.1 Industrial steam boiler market by capacity, 2014 – 2025

8.2.6.2 Industrial steam boiler market by fuel, 2014 – 2025

8.2.6.3 Industrial steam boiler market by technology, 2014 – 2025

8.2.6.4 Industrial steam boiler market by end use, 2014 – 2025

8.2.7 U.S.

8.2.7.1 U.S. market, 2014 – 2025

8.2.7.2 U.S. market by fuel, 2014 – 2025

8.2.7.3 U.S. market by technology, 2014 – 2025

8.2.7.4 U.S. market by capacity, 2014 – 2025

8.2.7.5 U.S. market by application, 2014 – 2025

8.2.7.6 Commercial

8.2.7.6.1 Commercial steam boiler market by capacity, 2014 – 2025

8.2.7.6.2 Commercial steam boiler market by fuel, 2014 – 2025

8.2.7.6.3 Commercial steam boiler market by technology, 2014 – 2025

8.2.7.7 Industrial

8.2.7.7.1 Industrial steam boiler market by capacity, 2014 – 2025

8.2.7.7.2 Industrial steam boiler market by fuel, 2014 – 2025

8.2.7.7.3 Industrial steam boiler market by technology, 2014 – 2025

8.2.7.7.4 Industrial steam boiler market by end use, 2014 – 2025

8.2.8 Canada

8.2.8.1 Canada market, 2014 – 2025

8.2.8.2 Canada market by fuel, 2014 – 2025

8.2.8.3 Canada market by technology, 2014 – 2025

8.2.8.4 Canada market by capacity, 2014 – 2025

8.2.8.5 Canada market by application, 2014 – 2025

8.2.8.6 Commercial

8.2.8.6.1 Commercial steam boiler market by capacity, 2014 – 2025

8.2.8.6.2 Commercial steam boiler market by fuel, 2014 – 2025

8.2.8.6.3 Commercial steam boiler market by technology, 2014 – 2025

8.2.8.7 Industrial

8.2.8.7.1 Industrial steam boiler market by capacity, 2014 – 2025

8.2.8.7.2 Industrial steam boiler market by fuel, 2014 – 2025

8.2.8.7.3 Industrial steam boiler market by technology, 2014 – 2025

8.2.8.7.4 Industrial steam boiler market by end use, 2014 – 2025

8.2.9 Mexico

8.2.9.1 Mexico market, 2014 – 2025

8.2.9.2 Mexico market by fuel, 2014 – 2025

8.2.9.3 Mexico market by technology, 2014 – 2025

8.2.9.4 Mexico market by capacity, 2014 – 2025

8.2.9.5 Mexico market by application, 2014 – 2025

8.2.9.6 Commercial

8.2.9.6.1 Commercial steam boiler market by capacity, 2014 – 2025

8.2.9.6.2 Commercial steam boiler market by fuel, 2014 – 2025

8.2.9.6.3 Commercial steam boiler market by technology, 2014 – 2025

8.2.9.7 Industrial

8.2.9.7.1 Industrial steam boiler market by capacity, 2014 – 2025

8.2.9.7.2 Industrial steam boiler market by fuel, 2014 – 2025

8.2.9.7.3 Industrial steam boiler market by technology, 2014 – 2025

8.2.9.7.4 Industrial steam boiler market by end use, 2014 – 2025

8.3 Europe

8.3.1 Europe market, 2014 – 2025

8.3.2 Europe market by fuel, 2014 – 2025

8.3.3 Europe market by technology, 2014 – 2025

8.3.4 Europe market by capacity, 2014 – 2025

8.3.5 Europe market by application, 2014 – 2025

8.3.6 Commercial

8.3.6.1 Commercial steam boiler market by capacity, 2014 – 2025

8.3.6.2 Commercial steam boiler market by fuel, 2014 – 2025

8.3.6.3 Commercial steam boiler market by technology, 2014 – 2025

8.3.7 Industrial

8.3.7.1 Industrial steam boiler market by capacity, 2014 – 2025

8.3.7.2 Industrial steam boiler market by fuel, 2014 – 2025

8.3.7.3 Industrial steam boiler market by technology, 2014 – 2025

8.3.7.4 Industrial steam boiler market by end use, 2014 – 2025

8.3.8 France

8.3.8.1 France market, 2014 – 2025

8.3.8.2 France market by fuel, 2014 – 2025

8.3.8.3 France market by technology, 2014 – 2025

8.3.8.4 France market by capacity, 2014 – 2025

8.3.8.5 France market by application, 2014 – 2025

8.3.8.6 Commercial

8.3.8.6.1 Commercial steam boiler market by capacity, 2014 – 2025

8.3.8.6.2 Commercial steam boiler market by fuel, 2014 – 2025

8.3.8.6.3 Commercial steam boiler market by technology, 2014 – 2025

8.3.8.7 Industrial

8.3.8.7.1 Industrial steam boiler market by capacity, 2014 – 2025

8.3.8.7.2 Industrial steam boiler market by fuel, 2014 – 2025

8.3.8.7.3 Industrial steam boiler market by technology, 2014 – 2025

8.3.8.7.4 Industrial steam boiler market by end use, 2014 – 2025

8.3.9 UK

8.3.9.1 UK market, 2014 – 2025

8.3.9.2 UK market by fuel, 2014 – 2025

8.3.9.3 UK market by technology, 2014 – 2025

8.3.9.4 UK market by capacity, 2014 – 2025

8.3.9.5 UK market by application, 2014 – 2025

8.3.9.6 Commercial

8.3.9.6.1 Commercial steam boiler market by capacity, 2014 – 2025

8.3.9.6.2 Commercial steam boiler market by fuel, 2014 – 2025

8.3.9.6.3 Commercial steam boiler market by technology, 2014 – 2025

8.3.9.7 Industrial

8.3.9.7.1 Industrial steam boiler market by capacity, 2014 – 2025

8.3.9.7.2 Industrial steam boiler market by fuel, 2014 – 2025

8.3.9.7.3 Industrial steam boiler market by technology, 2014 – 2025

8.3.9.7.4 Industrial steam boiler market by end use, 2014 – 2025

8.3.10 Poland

8.3.10.1 Poland market, 2014 – 2025

8.3.10.2 Poland market by fuel, 2014 – 2025

8.3.10.3 Poland market by technology, 2014 – 2025

8.3.10.4 Poland market by capacity, 2014 – 2025

8.3.10.5 Poland market by application, 2014 – 2025

8.3.10.6 Commercial

8.3.10.6.1 Commercial steam boiler market by capacity, 2014 – 2025

8.3.10.6.2 Commercial steam boiler market by fuel, 2014 – 2025

8.3.10.6.3 Commercial steam boiler market by technology, 2014 – 2025

8.3.10.7 Industrial

8.3.10.7.1 Industrial steam boiler market by capacity, 2014 – 2025

Steam Boiler Market, By Capacity 

<10 MMBtu/hr steam boiler is set to expand over 3% by 2025. Rising investments across the medium & small-scale industries coupled with government initiatives toward local manufacturing will boost the product adoption. Shift in the regulatory landscape to curb carbon foot print along with rising focus on energy optimization will further stimulate the business growth.

>250 MMBtu/hr steam boiler in 2018, was valued over USD 900 million. Escalating demand for primary metals and bulk chemicals coupled with increasing investment toward the modernization, renovation and capacity addition of oil refineries will drive the industry growth.

Steam Boiler Market, By Technology

Condensing steam boiler is set to witness growth on account of growing concerns over carbon emissions coupled with surging demand for the replacement of existing units. Regulatory measures aimed at energy conservation reinforced by legislative mandates pertaining to energy efficiency requirements will stimulate the product deployment.

Non-condensing steam boiler industry is set to grow over 3% by 2025. Increasing demand for refining products coupled with rising investments in the refining capacity additions will stimulate the industry expansion. Key features including low cost, high efficiency and the ability to withstand temperature fluctuations will further accelerate the product penetration.

Steam Boiler Market, By Fuel

Gas fired steam boiler industry is anticipated to grow over 4% by 2025. Strengthening legislative initiatives aimed at minimizing greenhouse gas emissions coupled with subsequent introduction of stringent regulations toward the adoption of low emission fuels will drive the product penetration across diverse end-uses. Moreover, progressive introduction of energy efficient standards & codes coupled with falling natural gas prices will further complement the industry growth.

Stringent government regulations along with shifting focus toward the adoption of sustainable technologies have subdued the demand for coal fired boilers. Moreover, increasing electricity demand, relatively lower cost, easy availability of coal and a lack of regulatory framework in emerging economies will continue to sustain the product penetration over the coming years.

Steam Boiler Market, By Application

Rising demand for petrochemicals coupled with surging investments toward capacity expansion will stimulate the the market growth for refining applications. Growing focus on energy conservation coupled with declining crude oil prices will further favor the deployment of these units.

Growing consumer affinity toward processed food along with escalating measures to minimize production costs across these industries will drive the market size for food processing application. Moreover, increasing purchasing power accompanied by changing consumer preferences will boost the industry growth.

Babcock & Wilcox, Fulton Boiler Works, BHEL, Cleaver Brooks, Hurst Boiler & Welding, Clayton, IHI, AMEC Foster Wheeler, Doosan Heavy, Cochran, Mitsubishi Hitachi Power Systems, Forbes Marshall, Siemens, General Electric, Rentech, Miura, Thermax, Viessmann, Hoval, Ferroli, Fondital, Groupe Atlantic, Bosch Thermotechnology and SIME amongst others.

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