Global Boiler Market size was valued at USD 107.34 Bn. in 2025, and the total Boiler revenue is expected to grow at a CAGR of 6.67% from 2026 to 2032, reaching nearly USD 168.67 Bn. by 2032. This growth is driven by the growing demand for energy-efficient solutions and the shift toward renewable energy sources.Boiler Market Overview
The Boiler Market is witnessing robust growth as industries global focus on enhancing energy efficiency and reducing emissions. Innovations in smart heating solutions with predictive maintenance and remote monitoring are optimizing operations and minimizing downtime. The Asia Pacific region is expected to lead growth, accounting for over 39.96% share of global boiler market demand by 2032, driven by industrialization and energy efficiency initiatives.Boiler Market Key Highlight:
• Asia Pacific expected to grow at a CAGR of 7.12% during forecast Period. • The Natural Gas boiler segment dominated with a 41.56% global market share in 2025 and is expected to grow at a 7.05% CAGR during forecast period. • Industrial sectors consumed 40% of global final energy in 2025, driving sustained demand for industrial boiler. • North America Boiler Market Volume is expected to grow at a CAGR of 5.34% from 2026 to 2032.Boiler System Installations by Region: 2025 Overview
In 2025, APAC leads global boiler installations with over 1.9 million units, accounting for 45% of global boiler installations owing to industrial growth. Europe maintains a significant boiler market share, mainly in residential heating and commercial units, whereas North America gets steady adoption in both industrial and residential sectors.
Region Boiler Installations Description Asia Pacific Above 1.9+ million units oilers installed in 2025. Asia Pacific accounts for nearly 45% of global boiler installations with over 4.1 million total global commercial/industrial boilers in operation Europe Europe historically represents a significant portion of the market, especially residential central heating boilers and commercial units. North America North America is a mature market with high adoption of residential and industrial boilers. To know about the Research Methodology :- Request Free Sample Report
Boiler Market Dynamics:
Boiler Market Growth Driven by Growing Industrial Energy Demand: Industries need a large amount of energy, making them a main factor in the boiler market globally. According to the MMR study, industries used 39% of global final energy in 2024. This growing demand is driven by energy-intensive sectors like mining, manufacturing, and construction, where boilers are vital for heating and steam production.Growth Of Steam Water Boilers in The Boiler Market During Forecast Period: The growth of Steam Water Boilers in the Boiler Market is driven by the growing demand for high-capacity steam systems in industries like manufacturing, power generation, and chemical processing.
With the increase of industrial growth, energy efficiency regulations, and the growing focus on sustainable technologies, the market for steam boilers is expected to experience steady YoY growth from 2024 to 2032, reaching 5.36% growth by 2032.
Opportunities in Energy Efficiency Technologies Driving Boiler Market Growth:
• Improving global energy efficiency from 2% to 4% annually by 2030 could significantly reduce emissions. • Rising focus on energy efficiency is creating strong growth opportunities in the boiler market. • High-efficiency and condensing boilers are gaining demand due to lower fuel consumption and operating costs. • Growing preference for eco-friendly heating solutions encourages investment in advanced and sustainable boilers.Boiler Market Challenges:
• Strict emission regulations are increasing compliance costs for boiler manufacturers. • Rapid technology upgrades are intensifying competition and R&D spending. • High upfront costs of advanced boilers impact adoption rates. • Skilled labor shortages hinder installation and maintenance. • Limited expertise in IoT-enabled boilers slows smart boiler deployment.Boiler Market Segment Analysis
By Fuel, the Natural Gas segment dominated the boiler market and accounted for a market share of nearly 41.56% in 2025. This growth is driven by government policies aimed at regulating high pollutant emissions from chemical-heavy heating systems. These policies boost the adoption of energy-efficient solutions, cleaner, making natural gas boilers an attractive alternative. Over the forecast period, the boiler market in Natural Gas segment is expected to register the fastest CAGR of 7.05%.By End User, the Residential segment held the largest share of the global boiler market in 2025. Rapid substantial and urbanization growth of the real estate industry around the world are projected to primarily drive sales of boilers over 2025-2032.
Global Boiler Market Regional Analysis
Asia Pacific held the largest share in the Boiler Market with a 39.96% market share in 2025. This growth attributed to rapid urbanization and growing disposable income in the region. The growth of sustainable building projects and zero-emission building targets further boosted the boiler market. The focus on growing production facilities and the steady growth of the manufacturing sector also contributed.North American boiler market is projected to account for nearly 23.54% of global value share by 2032, driven by rapid industrial growth across the United States, Canada, and Mexico. This growth is further supported by demographic shifts, mainly the rising number of elderly individuals requiring residential heating and care facilities, which increases demand for home boilers. Country wise Insight in Substation Maintenance Market:
Country Key Developments Growth Opportunities China Rapid industrialization and infrastructure expansion; strong focus on energy-efficient and industrial boilers. Continued demand for high-capacity and energy-efficient boilers due to ongoing manufacturing growth, urbanization, and industrial heat requirements. United States Mature boiler market with high adoption of modern, efficient systems and replacement of aging infrastructure. Opportunities in smart boilers, retrofits, and upgrades driven by demand for energy-efficient solutions and stringent environmental standards. Germany High uptake of low-emission and energy-efficient boilers supported by strict environmental policies and renewable integration mandates. Growth in advanced boiler technologies and hybrid systems that align with EU emission reduction goals and sustainability initiatives. Competitive Landscape Analysis
The Boiler Market is led by global players like ABB, Siemens, GE, and Babcock & Wilcox, who dominate with vast product portfolios, strong service networks, and heavy investment in energy-efficient technologies and R&D. Strategic acquisitions and partnerships are accelerating the adoption of sustainable technologies.Recent Industry Development
Date Company Development Impact May 2025 Fujifilm Introduced an electric boiler designed to cut 26% of carbon emissions. Eco-friendly innovation reducing carbon footprint. September 2024 Thermax Launched a new product line in India, including the bio grate boiler, which is environmentally friendly. Sustainable technology focused on energy efficiency Boiler Market Scope: Inquire before buying
Boiler Market Report Coverage Details Base Year: 2025 Forecast Period: 2026-2032 Historical Data: 2020 to 2025 Market Size in 2025: USD 107.34 Billion Forecast Period 2026 to 2032 CAGR: 6.67% Market Size in 2032: USD 168.67 Billion Segments Covered: by Boiler Type Pipe Heater Duct Heater Cartridge Heater Immersion Heater Circulation Heater by Fuel Low Medium High by Capacity Electric-based Steam-based Hybrid-based Fuel-based by End User Direct Sales Indirect Sales Boiler Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Boiler Key Players
1. Parker Boiler 2. Cleaver-Brooks, Inc. 3. Thermax Inc 4. Weil-McLain 5. Fulton Boiler Works, Inc. 6. General Electric 7. Babcock & Wilcox Enterprises, Inc. 8. BURNHAM COMMERCIAL BOILERS 9. Hurst Boiler & Welding Co, Inc. 10. Bryan Steam LLC 11. Superior Boiler 12. Vapor Power International LLC 13. Siemens AG 14. Cochran Ltd 15. John Wood Group plc 16. Vattenfall AB 17. Alfa Laval AB 18. Sofinter S.p.a 19. ANDRITZ AG 20. ABB Ltd 21. Bharat Heavy Electricals Ltd 22. Forbes Marshall 23. IHI Corporation 24. Mitsubishi Hitachi Power Systems, Ltd. 25. Kawasaki Heavy Industries Ltd 26. Wuxi Zozen Boilers Co., Ltd 27. Shanghai Electric 28. Cleaver-Brooks 29. Mitsui E&S Holdings Co., Ltd. 30. York-Shipley Global 31. Others FAQ 1. What is the size of the Boiler Market in 2025? Ans: The global Boiler Market was valued at USD 107.34 billion in 2025. 2. Which regions lead the Boiler Market? Ans: APAC dominated the market due to rapid urbanization and growing disposable income in the region. 3. What is the growth rate of the Global Boiler Market? Ans. Global Boiler Market is growing at a CAGR of 6.67% during the forecasting period 2026-2032. 4. How are smart technologies influencing Boiler? Ans: Smart technologies are transforming boilers by enabling real-time monitoring, predictive maintenance, and energy optimization for higher efficiency and lower emissions. 5. Who are the top players in the Boiler Market? Ans: Leading companies include Parker Boiler, Cleaver-Brooks, Inc., Thermax Inc and General Electric.
1. Boiler Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Boiler Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Key Players Benchmarking 2.2.1. Company Name 2.2.2. Headquarter 2.2.3. Boiler Type 2.2.4. Capacity (MMBtu/hr) 2.2.5. Fuel Type 2.2.6. Number of Boiler sold (2025) 2.2.7. End-User Segment 2.2.8. Revenue Details in 2025 2.2.9. Market Share (%) 2.2.10. Growth Rate (%) 2.2.11. Return on Investment (%) 2.2.12. Technological Capabilities 2.2.13. Geographical Presence 2.3. Market Structure 2.3.1. Market Leaders 2.3.2. Market Followers 2.3.3. Emerging Players 2.4. Mergers and Acquisitions Details 3. Boiler Market: Dynamics 3.1. Boiler Market Trends 3.2. Boiler Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Regulatory Landscape by Region 3.6. Key Opinion Leader Analysis for the Global Industry 3.7. Analysis of Government Schemes and Initiatives for Industry 4. Boiler Market Production & Capacity Analysis 4.1. Global Boiler Production by Region and Country 4.2. Manufacturing Output by Boiler Type (Gas, Oil, Electric, Steam) 4.3. Installed Production Capacity vs Capacity Utilization Trends 4.4. In‑House Manufacturing vs Outsourced Boiler Production 4.5. Impact of Industrial Cyclicality on Boiler Production Volumes 4.6. Raw Material Availability (Alloys, Heating Elements, Insulation Materials) 5. Boiler Market Demand Analysis Boiler Market 5.1. Regional Demand Analysis for Boilers (2025–2032) 5.2. Demand for Boilers in Key Industrial Sectors 5.3. Residential vs Commercial Boiler Demand Trends 5.4. Impact of Energy Efficiency Regulations on Boiler Demand 5.5. Influence of Sustainability Initiatives on Boiler Market Demand 5.6. Technological Advancements and Their Impact on Boiler Demand 5.7. Demand for Smart Boilers and IoT Integration 6. Boiler Market Trade Analysis (2025) 6.1. Global Import and Export Volumes of Boiler by Region 6.2. Major Exporting and Importing Countries for Industrial Boiler 6.3. Trade Regulations, Industrial Standards, and Certification Requirements 6.4. Global Trade Flow Mapping and Value Chain Shifts 6.5. Impact of Supply Chain Disruptions on Boiler Availability 6.6. Role of Regional Trade Agreements and Localization Policies 7. Boiler Market Pricing Analysis (2025) 7.1. Average Pricing Trends for Boilers in 2025 7.2. Regional Pricing Analysis of Boilers (2025) 7.3. Price Comparison: Gas Boilers, Oil Boilers, and Electric Boilers 7.4. Impact of Technological Advancements on Boiler Pricing 7.5. Pricing Strategies of Key Players in the Boiler Market 7.6. Factors Affecting Boiler Prices: Raw Materials, Labor, and Regulations 7.7. Pricing Impact of Sustainability and Energy Efficiency Regulations 7.8. Influence of Global Supply Chain on Boiler Pricing (2025) 7.9. Pricing Forecast for Industrial vs Residential Boilers 7.10. Impact of Government Subsidies and Incentives on Boiler Pricing 8. Boiler Market Supply Chain & Manufacturing Insights 8.1. Global Supply Chain Analysis for Boilers 8.2. Key Suppliers and Raw Materials in Boiler Manufacturing 8.3. Manufacturing Trends in the Boiler Industry 8.4. Impact of Supply Chain Disruptions on Boiler Production 8.5. Supplier Relationships and Strategic Partnerships in the Boiler Market 8.6. Logistics and Distribution Challenges in Boiler Manufacturing 8.7. Role of Automation and Technology in Boiler Production 9. Boiler Market End-User & Buyer Insights 9.1. Key End-Users in the Boiler Market: Residential, Commercial, and Industrial 9.2. Buyer Preferences and Trends in Boiler Purchases 9.3. Factors Influencing Buyer Decisions: Cost, Efficiency, and Sustainability 9.4. Buyer Demand for Energy-Efficient and Smart Boilers 9.5. Impact of Environmental Regulations on Buyer Behavior 9.6. Role of Government Incentives and Subsidies in Buyer Decisions 9.7. Regional Differences in Buyer Behavior and Preferences 10. Boiler Market Technology & Innovation Trends 10.1. Emerging Technologies in Boiler Design and Operation 10.2. Smart Boilers and IoT Integration for Enhanced Efficiency 10.3. Advancements in Energy-Efficient and Low-Emission Boiler Technologies 10.4. Role of Automation and AI in Predictive Maintenance for Boilers 10.5. Innovations in Fuel Types: Biomass, Hydrogen, and Electric Boilers 10.6. Adoption of Condensing and High-Efficiency Boilers 11. Boiler Market: Global Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2025-2032) 11.1. Boiler Market Size and Forecast, By Boiler Type(2025-2032) 11.1.1. Hot Water Boilers 11.1.2. Gas Boiler 11.1.3. Steam Water Boilers 11.2. Boiler Market Size and Forecast, By Fuel (2025-2032) 11.2.1. Natural Gas 11.2.2. Oil 11.2.3. Coal 11.2.4. Electric 11.2.5. Others 11.3. Boiler Market Size and Forecast, By Capacity (2025-2032) 11.3.1. ≤ 10 MMBtu/hr 11.3.2. >10-50 MMBtu/hr 11.3.3. > 50 - 100 MMBtu/hr 11.3.4. >100-250 MMBtu/hr 11.3.5. > 250 MMBtu/hr 11.4. Boiler Market Size and Forecast, By End User (2025-2032) 11.4.1. Residential 11.4.2. Commercial 11.4.3. Industrial 11.4.4. Others 11.5. Boiler Market Size and Forecast, By Region (2025-2032) 11.5.1. North America 11.5.2. Europe 11.5.3. Asia Pacific 11.5.4. Middle East and Africa 11.5.5. South America 12. North America Boiler Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2025-2032) 12.1. North America Boiler Market Size and Forecast, By Boiler Type (2025-2032) 12.2. North America Boiler Market Size and Forecast, By Fuel (2025-2032) 12.3. North America Boiler Market Size and Forecast, By Capacity (2025-2032) 12.4. North America Boiler Market Size and Forecast, By End User (2025-2032) 12.5. North America Boiler Market Size and Forecast, by Country (2025-2032) 12.5.1. United States 12.5.2. Canada 12.5.3. Mexico 13. Europe Boiler Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2025-2032) 13.1. Europe Boiler Market Size and Forecast, By Boiler Type (2025-2032) 13.2. Europe Boiler Market Size and Forecast, By Fuel (2025-2032) 13.3. Europe Boiler Market Size and Forecast, By Capacity (2025-2032) 13.4. Europe Boiler Market Size and Forecast, By End User (2025-2032) 13.5. Europe Boiler Market Size and Forecast, by Country (2025-2032) 13.5.1. United Kingdom 13.5.1.1. United Kingdom Boiler Market Size and Forecast, By Boiler Type (2025-2032) 13.5.1.2. United Kingdom Boiler Market Size and Forecast, By Fuel (2025-2032) 13.5.1.3. United Kingdom Boiler Market Size and Forecast, By Capacity (2025-2032) 13.5.1.4. United Kingdom Boiler Market Size and Forecast, By End User (2025-2032) 13.5.2. France 13.5.3. Germany 13.5.4. Italy 13.5.5. Spain 13.5.6. Sweden 13.5.7. Russia 13.5.8. Rest of Europe 14. Asia Pacific Boiler Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2025-2032) 14.1. Asia Pacific Boiler Market Size and Forecast, By Boiler Type (2025-2032) 14.2. Asia Pacific Boiler Market Size and Forecast, By Fuel (2025-2032) 14.3. Asia Pacific Boiler Market Size and Forecast, By Capacity (2025-2032) 14.4. Asia Pacific Boiler Market Size and Forecast, By End User (2025-2032) 14.5. Asia Pacific Boiler Market Size and Forecast, by Country (2025-2032) 14.5.1. China 14.5.2. S Korea 14.5.3. Japan 14.5.4. India 14.5.5. Australia 14.5.6. Indonesia 14.5.7. Malaysia 14.5.8. Philippines 14.5.9. Thailand 14.5.10. Vietnam 14.5.11. Rest of Asia Pacific 15. Middle East and Africa Boiler Market Size and Forecast (by Value in USD Million and Volume in Units) (2025-2032) 15.1. Middle East and Africa Boiler Market Size and Forecast, By Boiler Type (2025-2032) 15.2. Middle East and Africa Boiler Market Size and Forecast, By Fuel (2025-2032) 15.3. Middle East and Africa Boiler Market Size and Forecast, By Capacity (2025-2032) 15.4. Middle East and Africa Boiler Market Size and Forecast, By End User (2025-2032) 15.5. Middle East and Africa Boiler Market Size and Forecast, by Country (2025-2032) 15.5.1. South Africa 15.5.2. GCC 15.5.3. Egypt 15.5.4. Nigeria 15.5.5. Rest of ME&A 16. South America Boiler Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2025-2032) 16.1. South America Boiler Market Size and Forecast, By Boiler Type (2025-2032) 16.2. South America Boiler Market Size and Forecast, By Fuel (2025-2032) 16.3. South America Boiler Market Size and Forecast, By Capacity (2025-2032) 16.4. South America Boiler Market Size and Forecast, By End User (2025-2032) 16.5. South America Boiler Market Size and Forecast, by Country (2025-2032) 16.5.1. Brazil 16.5.2. Argentina 16.5.3. Colombia 16.5.4. Chile 16.5.5. Rest Of South America 17. Company Profile: Key Players 17.1. Parker Boiler 17.1.1. Company Overview 17.1.2. Business Portfolio 17.1.3. Financial Overview 17.1.4. SWOT Analysis 17.1.5. Strategic Analysis 17.1.6. Recent Developments 17.2. Cleaver-Brooks, Inc. 17.3. Thermax Inc 17.4. Weil-McLain 17.5. Fulton Boiler Works, Inc. 17.6. General Electric 17.7. Babcock & Wilcox Enterprises, Inc. 17.8. BURNHAM COMMERCIAL BOILERS 17.9. Hurst Boiler & Welding Co, Inc. 17.10. Bryan Steam LLC 17.11. Superior Boiler 17.12. Vapor Power International LLC 17.13. Siemens AG 17.14. Cochran Ltd 17.15. John Wood Group plc 17.16. Vattenfall AB 17.17. Alfa Laval AB 17.18. Sofinter S.p.a 17.19. ANDRITZ AG 17.20. ABB Ltd 17.21. Bharat Heavy Electricals Ltd 17.22. Forbes Marshall 17.23. IHI Corporation 17.24. Mitsubishi Hitachi Power Systems, Ltd. 17.25. Kawasaki Heavy Industries Ltd 17.26. Wuxi Zozen Boilers Co., Ltd 17.27. Shanghai Electric 17.28. Cleaver-Brooks 17.29. Mitsui E&S Holdings Co., Ltd. 17.30. York-Shipley Global 17.31. Others 18. Key Findings 19. Analyst Recommendations 20. Boiler Market: Research Methodology
