Industrial Boiler Market

Industrial Boiler Market (Product Type: Fire Tube Boilers, Water Tube Boilers, and Electric Boilers; and Fuel Type: Oil, Coal, Biomass, Natural Gas, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Industrial Boiler Market Outlook 2031

  • The global industry was valued at US$ 12.2 Bn in 2022
  • It is estimated to grow at a CAGR of 4.4% from 2023 to 2031 and reach US$ 18.0 Bn by the end of 2031

Analysts’ Viewpoint

Industrial boilers play a vital role in the production of energy. The rapidly growing petrochemical and chemical industry in developing economies including India and China is expected to drive the industrial boiler market size. Industrial boilers are used in many industries such as food and beverages (including breweries), building materials, wood, paper, chemicals, oil & gas, and automotive.

To meet the increase in demand for industrial boilers, companies are expanding their existing manufacturing units and setting up new industrial plants. They are developing large-scale boilers to provide greater capacity to end-users.

The global industrial boiler market demand is expected to grow further due to increase in investment in the development of large energy projects globally. Moreover, the establishment of power plants in different regions is propelling global industrial boiler market growth.

Industrial Boiler Market

Market Introduction

A boiler is a closed vessel in which water or other suitable liquid is heated to produce steam. The steam comes out and is used for various purposes such as heating (water heating, central heating), generating electricity in a boiler, for cooking, and other domestic or industrial purposes. It essentially follows the concept of a pressure cooker, but on a bigger scale. The fluid is generally incorporated into the system and functions to provide steam through the combination of combustion products and water.

The types of industrial boilers vary according to their use. While domestic boilers are small and used for everyday household chores, an industrial steam boiler plays a vital role in the energy production process. Industrial boilers are environment-friendly if the fuel used is natural gas. They not only provide the required performance but also help industries to control toxic emissions that harm the environment.

Growing End-user Industries and Emerging Economies Boosting Global Industrial Boiler Market Share

High disposable income and a growing population fuels the growth of many industries including food and beverages, textiles, and FMCG.

Industrial boilers are used in food and beverage, petrochemicals, energy, and chemical industries. Boilers produce steam, which enables the heating process. Boilers use a variety of fuels to produce steam, including oil and gas, fossil, non-fossil, and biomass. Biomass fuel releases a smaller proportion of harmful gases into the environment, which is expected to increase its demand as a fuel for boiler systems

The U.S. Environmental Protection Agency’s new boiler rules are expected to prevent large-scale emissions into the environment.  Consumers prefer natural gas, biogas, and other alternative fuels due to the growing awareness about pollution and environmental concerns. This is a significant industrial boiler market trend.

Industrial steam generator systems are similar to domestic heating boilers. Industrial boilers have a larger capacity, which meet the needs of hotels, hospitals, industrial buildings, or urban central heating. Steam boiler systems are used in industries such as food, textiles, paper & sugar mills, oil fields, and power plants. The usage of steam boilers is creating industrial boiler market opportunities.

Growth in demand for biodegradable and eco-friendly packaging, and an expanding e-commerce sector are expected to positively impact the growth of the pulp & paper industry. Growth in the aforementioned industries is likely to drive the demand for medium-capacity industrial boilers, according to the global industrial boiler market forecast.

Latest Technology Developments and Industry Trends

Over the past decade, a wide variety of innovative trends have emerged in the boiler industry. Companies have access to the most modern and advanced systems, ascribed to the increase in demand for low NOx (Nitrogen Oxide) systems, higher efficiency units, and reduced carbon footprints. The emerging low NOx regulations are designed to reduce the harmful effects of nitrogen oxide (NOx) gases on the environment. These reactive, highly toxic gases are produced when fuel is burned at high temperatures, such as in water heaters, boilers, and furnaces.

NOx has a detrimental effect on the environment. Benefits of low-NOx burners include increased energy efficiency, improved product quality, reduced maintenance costs, and a higher return on investment, apart from reduced NOx and carbon monoxide emissions, which is creating vast opportunities for power plant boiler manufacturers.

Furthermore, Industrial Internet of Things (IIoT) has affected virtually every industry worldwide, including the boiler industry. Many boilers now offer some form of Wi-Fi capability with the ability to control the unit from virtually anywhere via an internet connection. The boiler industry expects more progress in this area in the next few years. Companies are likely to increasingly gain the ability to control and monitor a boiler from applications on their devices. Boiler manufacturers have also started using IIoT to research new components to ensure customers have the most up-to-date systems available. The industrial boiler market size in the upcoming years is expected to be positively impacted by these developments.

Global Industrial Boiler Market Regional Insights

Europe dominated the industrial boiler market and accounted for the largest revenue share in 2023. The region is expected to dominate the industry due to several factors, including rapid industrialization and growing industries such as FMCG, food & beverages, and energy. Additionally, strict European government regulations on harmful emissions are expected to increase the demand for industrial boilers.

The market is growing steadily in Asia Pacific with the adoption and installation of power generation plants. Governments of countries such as India and China are focusing on investing in green energy projects to stop pollution by reducing greenhouse gases.

Analysis of Key Players

The global industrial boiler market is partly fragmented with several large-scale vendors controlling a majority share. Most of the companies are spending significantly on comprehensive research & development activities in industrial boilers, primarily to produce and develop latest products. 

Key companies in the industrial boiler market include Babcock & Wilcox Enterprises Inc., Bosch Industriekessel GmbH, Doosan Heavy Industries Vietnam Co., Harbin Electric Corporation Co. Ltd., Hurst Boiler & Welding Co, Inc., IHI Corporation, McKenna Boiler Works Inc., Mitsubishi Heavy Industry Ltd., Rakhoh Industries Pvt. Ltd., Sofinter S.p.a, Thermax, Byworth Boilers, ZHENGZHOU BOILER (GROUP) CO., LTD., General Electric, and Alfa Laval.

Market Developments

  • In August 2022, Thermax launched a multi-fuel boiler solution for industrial users who want to switch from a conventional portfolio to an eco-friendly one with input switching flexibility. Thermax Babcock & Wilcox Energy Solutions introduced the multi-waste solution, FlexiSource, which provides energy input flexibility. It overcomes the problem of fuel availability caused by geopolitical developments, other costs, and environmental factors. 
  • In July 2022, JERA Power Taketoyo G.K., launched the commercial operation of Unit 5 of the Taketoyo Thermal Power Plant at Aichi Prefecture, Japan. The company has been replacing aging equipment for several years. This highly efficient coal-fired power plant is equipped with Ultra-Supercritical (USC) power generation technology.

Key players have been profiled in the global industrial boiler market research report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Market Snapshot

Attribute

Detail

Market Size Value in 2022

US$ 12.2 Bn

Market Forecast Value in 2031

US$ 18.0 Bn

Growth Rate

(CAGR)

4.4%

Forecast Period

2023–2031

Historical Data Available for

2017–2021

Quantitative Units

US$ Mn for Value & Thousand Units for Volume

Market Analysis

Includes cross-segment analysis at the global as well as regional level. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market Share Analysis (%), 2022
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Product Type
    • Fire Tube Boilers
      • HRT Boiler
      • Scotch Boiler
      • Firebox Boiler
    • Water Tube Boilers
      • Stoker Fired Boiler
      • PC Fired Boiler
      • FBC Boiler
    • Electric Boilers
  • Fuel Type
    • Oil
    • Coal
    • Biomass
    • Natural gas
    • Others (MSW, TDF etc.)
  • Capacity
    • Upto 2,00,000
    • 2,00,000 to 3,00,000
    • Above 3,00,000
  • End-use Industry
    • Food and Beverage
    • Refining
    • Metal
    • Paper and Pulp
    • Cement
    • Textile
    • Energy & Power
    • Others (Pharmaceuticals, Mining, etc.)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • China
  • India
  • Japan
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • Babcock & Wilcox Enterprises Inc.
  • Bosch Industriekessel GmbH
  • Doosan Heavy Industries Vietnam Co.
  • Harbin Electric corporation co. ltd.
  • Hurst Boiler & Welding Co, Inc.
  • IHI Corporation
  • McKenna Boiler Works Inc.
  • Mitsubishi heavy industry ltd.
  • Rakhoh Industries Pvt. Ltd.
  • Sofinter S.p.a
  • Thermax
  • Byworth Boilers
  • ZHENGZHOU BOILER (GROUP) CO., LTD.
  • General Electric
  • Alfa Laval

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the industrial boiler market in 2022?

It was valued at US$ 12.2 Bn in 2022.

How is the industrial boiler industry expected to grow during the forecast period?

It is estimated to grow at a CAGR of 4.4% from 2023 to 2031.

How much worth will the industrial boiler business be in 2031?

It is expected to reach US$ 18.0 Bn by the end of 2031.

What are the prominent factors driving demand for industrial boilers?

Growing end-user industries, latest technology developments, and industry trends.

Which region is projected to record the highest demand for industrial boilers?

Europe is likely to record the maximum demand during the forecast period.

Who are the prominent industrial boiler manufacturers?

Babcock & Wilcox Enterprises Inc., Bosch Industriekessel GmbH, Doosan Heavy Industries Vietnam Co., Harbin Electric Corporation Co. Ltd., Hurst Boiler & Welding Co, Inc., IHI Corporation, McKenna Boiler Works Inc., Mitsubishi Heavy Industry Ltd., Rakhoh Industries Pvt. Ltd., Sofinter S.p.a . Thermax, Byworth Boilers, ZHENGZHOU BOILER (GROUP) CO., LTD., General Electric, and Alfa Laval.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Market Dynamics

            5.1.1. Drivers

            5.1.2. Restraints

            5.1.3. Opportunities

        5.2. Key Trends Analysis

            5.2.1. Demand Side Analysis

            5.2.2. Supply Side Analysis

        5.3. Key Market Indicators

            5.3.1. Overall Boiler Market Overview

        5.4. Key Factor Analysis

        5.5. Porter’s Five Forces Analysis

        5.6. Value Chain Analysis

        5.7. Industry SWOT Analysis

        5.8. COVID-19 Impact Analysis

        5.9. Global Industrial Boiler Market Analysis and Forecast, 2017 - 2031

            5.9.1. Market Value Projections (US$ Mn)

            5.9.2. Market Volume Projections (Thousand Units)

    6. Global Industrial Boiler Market Analysis and Forecast, By Product Type

        6.1. Global Industrial Boiler Market Size (US$ Mn and Thousand Units), By Product Type, 2017 – 2031

            6.1.1. Fire tube Boiler

                6.1.1.1. HRT boiler

                6.1.1.2. Scotch boiler

                6.1.1.3. Firebox boiler

            6.1.2. Water tube Boiler

                6.1.2.1. Stoker fired boiler

                6.1.2.2. PC fired boiler

                6.1.2.3. FBC boiler

            6.1.3. Electric Boiler

        6.2. Incremental Opportunity, By product Type

    7. Global Industrial Boiler Market Analysis and Forecast, By Fuel type

        7.1. Global industrial Boiler Market Size (US$ Mn and Thousand Units), By Fuel type, 2017 - 2031

            7.1.1. Oil

            7.1.2. Coal

            7.1.3. Biomass

            7.1.4. Natural gas

            7.1.5. Others

        7.2. Incremental Opportunity, By Fuel type

    8. Global Industrial Boiler Market Analysis and Forecast, By Capacity (MMBtu/HR)

        8.1. Global Industrial Boiler Market Size (US$ Mn and Thousand Units), By Capacity, 2017 - 2031

            8.1.1. Upto 2,00,000

            8.1.2. 2,00,000 to 3,00,000

            8.1.3. Above 3,00,000

        8.2. Incremental Opportunity, By Capacity

    9. Global Industrial Boiler Market Analysis and Forecast, By End-use Industry

        9.1. Global Industrial Boiler Market Size (US$ Mn and Thousand Units), By End-useIndustry, 2017 - 2031

            9.1.1. Food and Beverage

            9.1.2. Refining

            9.1.3. Metal

            9.1.4. Paper and Pulp

            9.1.5. Cement

            9.1.6. Textile

            9.1.7. Energy & Power

            9.1.8. Others

    10. Global Industrial Boiler Market Analysis and Forecast, by Region

        10.1. Global Industrial Boiler Market Size (Value & Volume), by Region, 2017- 2031

            10.1.1. North America

            10.1.2. Europe

            10.1.3. Asia Pacific

            10.1.4. Middle East & Africa

            10.1.5. South America

        10.2. Incremental Opportunity, by Region

    11. North America Industrial Boiler Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Price Trend Analysis

            11.2.1. Weighted Average Selling Price (US$)

        11.3. Key Supplier Analysis

        11.4. North America Industrial Boiler Market Size (Value & Volume), by Product Type, 2017- 2031

            11.4.1. Fire tube Boiler

                11.4.1.1. HRT boiler

                11.4.1.2. Scotch boiler

                11.4.1.3. Firebox boiler

            11.4.2. Water tube Boiler

                11.4.2.1. Stoker fired boiler

                11.4.2.2. PC fired boiler

                11.4.2.3. FBC boiler

            11.4.3. Electric Boiler

        11.5. North America Industrial Boiler Market Size (Value & Volume), by Fuel Type, 2017- 2031

            11.5.1. Oil

            11.5.2. Coal

            11.5.3. Biomass

            11.5.4. Natural gas

            11.5.5. Others

        11.6. North America Industrial Boiler Market Size (Value & Volume), by Capacity, 2017- 2031

            11.6.1. Upto 2,00,000

            11.6.2. 2,00,000 to 3,00,000

            11.6.3. Above 3,00,000

        11.7. North America Industrial Boiler Market Size (Value & Volume), by End-use Industry, 2017- 2031

            11.7.1. Food and Beverage

            11.7.2. Refining

            11.7.3. Metal

            11.7.4. Paper and Pulp

            11.7.5. Cement

            11.7.6. Textile

            11.7.7. Energy & Power

            11.7.8. Others

        11.8. North America Industrial Boiler Market Size (US$ Mn) (Thousand Units), by Country/Sub-region, 2017- 2031

            11.8.1. U.S.

            11.8.2. Canada

            11.8.3. Rest of North America

        11.9. Incremental Opportunity Analysis

    12. Europe Industrial Boiler Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Price Trend Analysis

            12.2.1. Weighted Average Selling Price (US$)

        12.3. Key Supplier Analysis

        12.4. Europe Industrial Boiler Market Size (Value & Volume), by Product Type, 2017- 2031

            12.4.1. Fire tube Boiler

                12.4.1.1. HRT boiler

                12.4.1.2. Scotch boiler

                12.4.1.3. Firebox boiler

            12.4.2. Water tube Boiler

                12.4.2.1. Stoker fired boiler

                12.4.2.2. PC fired boiler

                12.4.2.3. FBC boiler

            12.4.3. Electric Boiler

        12.5. Europe Industrial Boiler Market Size (Value & Volume), by Fuel Type, 2017- 2031

                12.5.1.1. Oil

                12.5.1.2. Coal

                12.5.1.3. Biomass

                12.5.1.4. Natural gas

                12.5.1.5. Others

        12.6. Europe Industrial Boiler Market Size (Value & Volume), by Capacity, 2017- 2031

            12.6.1. Upto 2,00,000

            12.6.2. 2,00,000 to 3,00,000

            12.6.3. Above 3,00,000

        12.7. Europe Industrial Boiler Market Size (Value & Volume), by End-use Industry, 2017- 2031

            12.7.1. Food and Beverage

            12.7.2. Refining

            12.7.3. Metal

            12.7.4. Paper and Pulp

            12.7.5. Cement

            12.7.6. Textile

            12.7.7. Energy & Power

            12.7.8. Others

        12.8. Europe Industrial Boiler Market Size (US$ Mn) (Thousand Units), by Country/Sub-region, 2017- 2031

            12.8.1. Germany

            12.8.2. France

            12.8.3. U.K.

            12.8.4. Rest of Europe

        12.9. Incremental Opportunity Analysis

    13. Asia Pacific Industrial Boiler Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Price Trend Analysis

            13.2.1. Weighted Average Selling Price (US$)

        13.3. Key Supplier Analysis

        13.4. Asia Pacific Industrial Boiler Market Size (Value & Volume), by Product Type, 2017- 2031

            13.4.1. Fire tube Boiler

                13.4.1.1. HRT boiler

                13.4.1.2. Scotch boiler

                13.4.1.3. Firebox boiler

            13.4.2. Water tube Boiler

                13.4.2.1. Stoker fired boiler

                13.4.2.2. PC fired boiler

                13.4.2.3. FBC boiler

            13.4.3. Electric Boiler

        13.5. Asia Pacific Industrial Boiler Market Size (Value & Volume), by Fuel Type, 2017- 2031

                13.5.1.1. Oil

                13.5.1.2. Coal

                13.5.1.3. Biomass

                13.5.1.4. Natural gas

                13.5.1.5. Others

        13.6. Asia Pacific Industrial Boiler Market Size (Value & Volume), by Capacity, 2017- 2031

            13.6.1. Upto 2,00,000

            13.6.2. 2,00,000 to 3,00,000

            13.6.3. Above 3,00,000

        13.7. Asia Pacific Industrial Boiler Market Size (Value & Volume), by End-use Industry, 2017- 2031

            13.7.1. Food and Beverage

            13.7.2. Refining

            13.7.3. Metal

            13.7.4. Paper and Pulp

            13.7.5. Cement

            13.7.6. Textile

            13.7.7. Energy & Power

            13.7.8. Others

        13.8. Asia Pacific Industrial Boiler Market Size (US$ Mn) (Thousand Units), byCountry/Sub-region, 2017- 2031

            13.8.1. China

            13.8.2. Japan

            13.8.3. India

            13.8.4. Rest of Asia Pacific

        13.9. Incremental Opportunity Analysis

    14. Middle East & Africa Industrial Boiler Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Price Trend Analysis

            14.2.1. Weighted Average Selling Price (US$)

        14.3. Key Supplier Analysis

        14.4. Middle East & Africa Industrial Boiler Market Size (Value & Volume), by Product Type, 2017- 2031

            14.4.1. Fire tube Boiler

                14.4.1.1. HRT boiler

                14.4.1.2. Scotch boiler

                14.4.1.3. Firebox boiler

            14.4.2. Water tube Boiler

                14.4.2.1. Stoker fired boiler

                14.4.2.2. PC fired boiler

                14.4.2.3. FBC boiler

            14.4.3. Electric Boiler

        14.5. Middle East & Africa Industrial Boiler Market Size (Value & Volume), by Fuel Type, 2017- 2031

            14.5.1. Oil

            14.5.2. Coal

            14.5.3. Biomass

            14.5.4. Natural gas

            14.5.5. Others

        14.6. Middle East & Africa Industrial Boiler Market Size (Value & Volume), by Capacity, 2017- 2031

            14.6.1. Upto 2,00,000

            14.6.2. 2,00,000 to 3,00,000

            14.6.3. Above 3,00,000

        14.7. Middle East & Africa Industrial Boiler Market Size (Value & Volume), by End-useIndustry, 2017- 2031

            14.7.1. Food and Beverage

            14.7.2. Refining

            14.7.3. Metal

            14.7.4. Paper and Pulp

            14.7.5. Cement

            14.7.6. Textile

            14.7.7. Energy & Power

            14.7.8. Others

        14.8. Middle East & Africa Industrial Boiler Market Size (US$ Mn) (Thousand Units), by Country/Sub-region, 2017- 2031

            14.8.1. GCC

            14.8.2. South Africa

            14.8.3. Rest of Middle East & Africa

        14.9. Incremental Opportunity Analysis

    15. South America Industrial Boiler Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Price Trend Analysis

            15.2.1. Weighted Average Selling Price (US$)

        15.3. Key Supplier Analysis

        15.4. South America Industrial Boiler Market Size (Value & Volume), by Product Type, 2017- 2031

            15.4.1. Fire tube Boiler

            15.4.2. HRT boiler

            15.4.3. Scotch boiler

            15.4.4. Firebox boiler

            15.4.5. Water tube Boiler

            15.4.6. Stoker fired boiler

            15.4.7. PC fired boiler

            15.4.8. FBC boiler

            15.4.9. Electric Boiler

        15.5. South America Industrial Boiler Market Size (Value & Volume), by Fuel Type, 2017- 2031

            15.5.1. Oil

            15.5.2. Coal

            15.5.3. Biomass

            15.5.4. Natural gas

            15.5.5. Others

        15.6. South America Industrial Boiler Market Size (Value & Volume), by Capacity, 2017- 2031

            15.6.1. Upto 2,00,000

            15.6.2. 2,00,000 to 3,00,000

            15.6.3. Above 3,00,000

        15.7. South America Industrial Boiler Market Size (Value & Volume), by End-use Industry, 2017- 2031

            15.7.1. Food and Beverage

            15.7.2. Refining

            15.7.3. Metal

            15.7.4. Paper and Pulp

            15.7.5. Cement

            15.7.6. Textile

            15.7.7. Energy & Power

            15.7.8. Others

        15.8. South America Industrial Boiler Market Size (US$ Mn) (Thousand Units), by Country/Sub-region, 2017- 2031

            15.8.1. Brazil

            15.8.2. Rest of South America

        15.9. Incremental Opportunity Analysis

    16. Competition Landscape

        16.1. Competition Dashboard

        16.2. Market Share Analysis % (2021)

        16.3. Company Profiles [Company Overview, Product Portfolio, Financial Information, (Subject to Data Availability), Business Strategies / Recent Developments]

            16.3.1. Babcock & Wilcox Enterprises Inc.

                16.3.1.1. Company Overview

                16.3.1.2. Product Portfolio

                16.3.1.3. Financial Information

                16.3.1.4. (Subject to Data Availability)

                16.3.1.5. Business Strategies / Recent Developments

            16.3.2. Bosch Industriekessel GmbH

                16.3.2.1. Company Overview

                16.3.2.2. Product Portfolio

                16.3.2.3. Financial Information

                16.3.2.4. (Subject to Data Availability)

                16.3.2.5. Business Strategies / Recent Developments

            16.3.3. Doosan Heavy Industries Vietnam Co.

                16.3.3.1. Company Overview

                16.3.3.2. Product Portfolio

                16.3.3.3. Financial Information

                16.3.3.4. (Subject to Data Availability)

                16.3.3.5. Business Strategies / Recent Developments

            16.3.4. Harbin Electric corporation co. ltd.

                16.3.4.1. Company Overview

                16.3.4.2. Product Portfolio

                16.3.4.3. Financial Information

                16.3.4.4. (Subject to Data Availability)

                16.3.4.5. Business Strategies / Recent Developments

            16.3.5. Hurst Boiler & Welding Co, Inc.

                16.3.5.1. Company Overview

                16.3.5.2. Product Portfolio

                16.3.5.3. Financial Information

                16.3.5.4. (Subject to Data Availability)

                16.3.5.5. Business Strategies / Recent Developments

            16.3.6. IHI Corporation

                16.3.6.1. Company Overview

                16.3.6.2. Product Portfolio

                16.3.6.3. Financial Information

                16.3.6.4. (Subject to Data Availability)

                16.3.6.5. Business Strategies / Recent Developments

            16.3.7. McKenna Boiler Works Inc.

                16.3.7.1. Company Overview

                16.3.7.2. Product Portfolio

                16.3.7.3. Financial Information

                16.3.7.4. (Subject to Data Availability)

                16.3.7.5. Business Strategies / Recent Developments

            16.3.8. Mitsubishi heavy industry ltd.

                16.3.8.1. Company Overview

                16.3.8.2. Product Portfolio

                16.3.8.3. Financial Information

                16.3.8.4. (Subject to Data Availability)

                16.3.8.5. Business Strategies / Recent Developments

            16.3.9. Rakhoh Industries Pvt. Ltd.

                16.3.9.1. Company Overview

                16.3.9.2. Product Portfolio

                16.3.9.3. Financial Information

                16.3.9.4. (Subject to Data Availability)

                16.3.9.5. Business Strategies / Recent Developments

            16.3.10. Sofinter S.p.a

                16.3.10.1. Company Overview

                16.3.10.2. Product Portfolio

                16.3.10.3. Financial Information

                16.3.10.4. (Subject to Data Availability)

                16.3.10.5. Business Strategies / Recent Developments

            16.3.11. Thermax

                16.3.11.1. Company Overview

                16.3.11.2. Product Portfolio

                16.3.11.3. Financial Information

                16.3.11.4. (Subject to Data Availability)

                16.3.11.5. Business Strategies / Recent Developments

            16.3.12. Byworth Boiler

                16.3.12.1. Company Overview

                16.3.12.2. Product Portfolio

                16.3.12.3. Financial Information

                16.3.12.4. (Subject to Data Availability)

                16.3.12.5. Business Strategies / Recent Developments

            16.3.13. ZHENGZHOU BOILER (GROUP) CO., LTD.

                16.3.13.1. Company Overview

                16.3.13.2. Product Portfolio

                16.3.13.3. Financial Information

                16.3.13.4. (Subject to Data Availability)

                16.3.13.5. Business Strategies / Recent Developments

            16.3.14. General Electric

                16.3.14.1. Company Overview

                16.3.14.2. Product Portfolio

                16.3.14.3. Financial Information

                16.3.14.4. (Subject to Data Availability)

                16.3.14.5. Business Strategies / Recent Developments

            16.3.15. ALFA LAVAL

                16.3.15.1. Company Overview

                16.3.15.2. Product Portfolio

                16.3.15.3. Financial Information

                16.3.15.4. (Subject to Data Availability)

                16.3.15.5. Business Strategies / Recent Developments

    17. Key Takeaways

        17.1. Identification of Potential Market Spaces

            17.1.1. Product Type

            17.1.2. Fuel Type

            17.1.3. Capacity

            17.1.4. End-use Industry

            17.1.5. Region

    List of Tables

    Table 1: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Table 2: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Table 3: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Table 4: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Table 5: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Table 6: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Table 7: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Table 8: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Table 9: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Region

    Table 10: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Region

    Table 11: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Table 12: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Table 13: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Table 14: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Table 15: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Table 16: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Table 17: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Table 18: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Table 19: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

    Table 20: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

    Table 21: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Table 22: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Table 23: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Table 24: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Table 25: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Table 26: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Table 27: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Table 28: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Table 29: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

    Table 30: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

    Table 31: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Table 32: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Table 33: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Table 34: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Table 35: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Table 36: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Table 37: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Table 38: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Table 39: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

    Table 40: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

    Table 41: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Table 42: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Table 43: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Table 44: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Table 45: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Table 46: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Table 47: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Table 48: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Table 49: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

    Table 50: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

    Table 51: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Table 52: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Table 53: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Table 54: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Table 55: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Table 56: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Table 57: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Table 58: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Table 59: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

    Table 60: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

     

    List of Figures

    Figure 1: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Figure 2: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Figure 3: Global Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

    Figure 4: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Figure 5: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Figure 6: Global Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

    Figure 7: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Figure 8: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Figure 9: Global Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

    Figure 10: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Figure 11: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Figure 12: Global Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

    Figure 13: Global Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Region

    Figure 14: Global Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Region

    Figure 15: Global Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Region

    Figure 16: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Figure 17: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Figure 18: North America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

    Figure 19: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Figure 20: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Figure 21: North America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

    Figure 22: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Figure 23: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Figure 24: North America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

    Figure 25: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Figure 26: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Figure 27: North America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

    Figure 28: North America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

    Figure 29: North America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

    Figure 30: North America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Country

    Figure 31: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Figure 32: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Figure 33: Europe Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

    Figure 34: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Figure 35: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Figure 36: Europe Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

    Figure 37: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Figure 38: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Figure 39: Europe Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

    Figure 40: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Figure 41: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Figure 42: Europe Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

    Figure 43: Europe Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

    Figure 44: Europe Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

    Figure 45: Europe Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Country

    Figure 46: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Figure 47: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Figure 48: Asia Pacific Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

    Figure 49: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Figure 50: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Figure 51: Asia Pacific Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

    Figure 52: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Figure 53: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Figure 54: Asia Pacific Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

    Figure 55: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Figure 56: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Figure 57: Asia Pacific Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

    Figure 58: Asia Pacific Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

    Figure 59: Asia Pacific Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

    Figure 60: Asia Pacific Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Country

    Figure 61: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Figure 62: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Figure 63: Middle East & Africa Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

    Figure 64: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Figure 65: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Figure 66: Middle East & Africa Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

    Figure 67: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Figure 68: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Figure 69: Middle East & Africa Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

    Figure 70: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Figure 71: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Figure 72: Middle East & Africa Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

    Figure 73: Middle East & Africa Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

    Figure 74: Middle East & Africa Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

    Figure 75: Middle East & Africa Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Country

    Figure 76: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Product Type

    Figure 77: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Product Type

    Figure 78: South America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Product Type

    Figure 79: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Fuel Type

    Figure 80: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Fuel Type

    Figure 81: South America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Fuel Type

    Figure 82: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Capacity

    Figure 83: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Capacity

    Figure 84: South America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Capacity

    Figure 85: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By End-useIndustry

    Figure 86: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By End-useIndustry

    Figure 87: South America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By End-useIndustry

    Figure 88: South America Industrial Boiler Market Value (US$ Mn) Projection, 2017-2031, By Country

    Figure 89: South America Industrial Boiler Market Volume (Thousand Units) Projection, 2017-2031, By Country

    Figure 90: South America Industrial Boiler Market Incremental Opportunities, (US$ Mn) Forecast, 2023-2031 By Country

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