Global Boiler Market: Industry Analysis and Forecast (2021-2027) by Capacity, Product, Fuel, Application and Region

Global Boiler Market size was valued at US$ 14.60 Bn. in 2020 and the total revenue is expected to grow at 5.9 % through 2021 to 2027, reaching nearly US$ 21.81 Bn. Global Boiler Market To know about the Research Methodology :- Request Free Sample Report

Global Boiler Market Overview:

A boiler is a surrounding vessel in which a fluid, such as steam, is heated to generate condensation or vaporization. The boiler consists of a container with a lockable vessel in which fluid is stored and heated using hot gases produced by the combustion of resources such as fossil fuels, coal, or gasoil in a boiler or in the form of electromagnetic waves coils. 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Global Boiler Market Dynamics:

Growth in demand for energy in combination with the pervasive investment across the industrial sector will stimulate the global boiler market size. Emerging economies such as Africa and Asia-Pacific have introduced various progressive programs toward the installation and up-gradation of the existing Boiler, which in turn will positively impact the industry growth. The key driver of the boiler market is projected to be the increased demand for boilers from the food and beverage industries. Tube boilers are often used in the food and beverage industry for low-capacity applications. Food and beverage are one of the fastest-growing industries, with food consumption steadily increasing. In the food service business, boilers are used to sterilize and disinfect utensils and dishes, condense items, and guard against microbiological hazards. As a result of these considerations, boilers are commonly used, resulting in increased market growth. Additionally, rising global demand for Boiler is considered to be a significant driving force in the boiler market. Due to increased carbon emissions, the government is also highly advanced in the development of current power plants and the installation of new ones, which has resulted in the digital revolution in boiler manufacturing and supply. However, the high implementation and maintenance cost of boilers will be hampered the further growth of the boiler market. Because of the design structures and after-sales operations, boiler expenses are quite high.

Global Boiler Market Segment Analysis:

Based on Capacity, the global Boiler market is segmented into <10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr and >250 MMBtu/hr. The <10 MMBtu/hr capacity segment is expected to hold the largest market share of xx% with revenue of US $ 19 billion by 2027. Ongoing infrastructure spending across the residential & commercial sectors coupled with rising demand for space heating from cold climatic regions will boost the adoption of low capacity heating units. Global Boiler MarketBased on Product, the global Boiler market is segmented into Fire-tube and Water-tube. The Water-tube segment is expected to hold the largest market share of xx% by 2027. It is mainly driven by the ability to attain higher temperature coupled with high-pressure handling capacity by the employment of superheaters. This makes it a preferable option over the other available counterparts. Quicker response, lesser weight, low radiation loss, and higher operational flexibility will further work on boosting product demand. Global Boiler MarketBased on Fuel, the global Boiler market is segmented into Natural Gas,Oil and Coal. The natural gas segment held the highest market share driven by low carbon emission, high-efficiency easy stocking, and ample availability of natural gas that makes it a favorable option over its other available counterparts. Product demand will be enhanced even more by government legislation promoting energy-efficient technology and decreasing air pollution, as well as initiatives to improve energy security.

Global Boiler Market Regional Insights:

The Asia Pacific dominates the global Boiler market during the forecast period 2021-2027. Asia Pacific is expected to grow at the highest CAGR of 6.6% in the global Boiler market during the forecast period. The growth rate can be credited to the high demand of China boiler market. In China growing investment across the bulk chemical, food processing, and metal industries drive the overall boiler market. Rising energy demand in conjunction with growing fuel prices is further set to drive the industry growth. North America held the second-largest market growth in the global boiler market over the forecast period. Because of the ever-increasing demand for energy and new advancement boiler which is substitute by a traditional boiler in the region. The objective of the report is to present a comprehensive analysis of the global Boiler Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Boiler Market dynamic, structure by analyzing the market segments and project the global Boiler Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Boiler Market make the report investor’s guide.

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Global Boiler Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 14.60 Bn.
Forecast Period 2021 to 2027 CAGR: 5.9% Market Size in 2027: US $ 21.81 Bn.
Segments Covered: by Product • Fire-tube • Water-tube
by Capacity • <10 MMBtu/hr • 10-50 MMBtu/hr • 50-100 MMBtu/hr • 100-250 MMBtu/hr • >250 MMBtu/hr
by Fuel • Natural Gas • Oil • Coal
by Application • Residential • Commercial • Industrial

Global Boiler Market, by Region

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

Global Boiler Market Key Players

• Bharat Heavy Electricals • A.O. Smith • Parker • Cleaver-Brooks • Thermax • Weil-McLain • Fulton • General Electric • Babcock and Wilcox • Forbes Marshall • Burnham • Hurst Boiler and Welding • Cochran • DEC • John Wood Group PLC • IHI Corporation • Mitsubishi Hitachi Power Systems, Ltd. • ANDRITZ • ALFA LAVAL • Bryan Steam • Superior Boiler Works, Inc. • Vapor Power • Sofinter S.p.a, AB&CO GROUP • ZOZEN boiler Co., Ltd. Frequently Asked Questions: 1] What segments are covered in Boiler Market report? Ans. The segments covered in Boiler Market report are based on Capacity, Product, Fuel and Application. 2] Which region is expected to hold the highest share in the global Boiler Market? Ans. Asia Pacific is expected to hold the highest share in the global Boiler Market. 3] What is the market size of global Boiler Market by 2027? Ans. The market size of global Boiler Market by 2027 is US $ 21.81 Bn. 4] Who are the top key players in the global Boiler Market? Ans. Bharat Heavy Electricals, A.O. Smith, Parker, Cleaver-Brooks, Thermax and Weil-McLain are the top key players in the global Boiler Market. 5] What was the market size of global Boiler Market in 2020? Ans. The market size of global Boiler Market in 2020 was US $ 14.60 Bn.

Global Boiler Market

  1. INTRODUCTION 1.1. Boiler Market description & Scope (2017-2026) 1.2. Boiler Market Objectives 1.2.1. Key Takeaways 1.2.2. Abbreviations & Acronyms 2. GLOBAL BOILER MARKET RESEARCH METHODOLOGY 2.1. Methods used for market forecasting 2.2. Data Sources 2.2.1. Paid Databases 2.2.2. Primary Sources 2.2.3. Secondary Sources 3. GLOBAL BOILER MARKET EXECUTIVE SUMMARY 3.1. Global Boiler Market, Major Findings 3.1.1. Global Boiler Market, Key Segment Trends 3.1.1.1. Capacity 3.1.1.2. Product 3.1.1.3. Fuel 3.1.1.4. Application 3.1.2. Global Boiler Market, Key Regional Trends 3.2. Global Boiler Market, Key Companies and their Strategies 4. GLOBAL BOILER MARKET MARKET OVERVIEW 4.1. Global Boiler Market Concept & Definition 4.2. Global Boiler Market, Segments Overview 4.2.1. Global Boiler Market, By Product 4.2.1.1. Fire-tube 4.2.1.2. Water-tube 4.2.2. Global Boiler Market, By Capacity 4.2.2.1. <10 MMBtu/hr 4.2.2.2. 10-50 MMBtu/hr 4.2.2.3. 50-100 MMBtu/hr 4.2.2.4. 100-250 MMBtu/hr 4.2.2.5. >250 MMBtu/hr 4.2.3. Global Boiler Market, By Fuel 4.2.3.1. Natural Gas 4.2.3.2. Oil 4.2.3.3. Coal 4.2.4. Global Boiler Market, By Application 4.2.4.1. Residential 4.2.4.2. Commercial 4.2.4.2.1. Offices 4.2.4.2.2. Healthcare 4.2.4.2.3. Facilities 4.2.4.2.4. Institutions 4.2.4.2.5. Lodgings 4.2.4.2.6. Retail 4.2.4.3. Industrial 4.2.4.3.1. Food 4.2.4.3.2. Paper 4.2.4.3.3. Chemical 4.2.4.3.4. Refinery 4.2.4.3.5. Primary Metals 4.2.4.3.6. Utility 4.3. Global Boiler Market, Market Dynamics 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.4. Porter’s Analysis 4.5. PESTLE Analysis 4.6. Fragmentation 4.6.1. Key strategic Alliances of companies (inorganic & organic) 4.6.2. Company Market Share (Top 10 Players) 4.6.3. Comparative Analysis of Key players in IoT Automotive 4.7. Key Trends 5. GLOBAL BOILER MARKET PRODUCTS ESTIMATES & TREND ANALYSIS (2017-2026) 5.1. Global Boiler Market: Product Analysis 5.1.1. Fire-tube 5.1.1.1. Market Share and growth forecasts, 2017-2026 (USD Billion) 5.1.2. Water-tube 5.1.2.1. Market Share and growth forecasts, 2017-2026 (USD Billion) 5.2. Global Boiler Market: Product Trends 6. GLOBAL BOILER MARKET CAPACITY ESTIMATES & TREND ANALYSIS (2017-2026) 6.1. Global Boiler Market: Capacity Analysis 6.1.1. <10 MMBtu/hr 6.1.1.1. Market Share and growth forecasts,2017-2026 (USD Billion) 6.1.2. 10-50 MMBtu/hr 6.1.2.1. Market Share and growth forecasts,2017-2026 (USD Billion) 6.1.3. 50-100 MMBtu/hr 6.1.3.1. Market Share and growth forecasts,2017-2026 (USD Billion) 6.1.4. 100-250 MMBtu/hr 6.1.4.1. Market Share and growth forecasts,2017-2026 (USD Billion) 6.1.5. >250 MMBtu/hr 6.1.5.1. Market Share and growth forecasts,2017-2026 (USD Billion) 6.2. Global Boiler Market: Capacity Trends 7. GLOBAL BOILER MARKET FUEL ESTIMATES & TREND ANALYSIS (2017-2026) 7.1. Global Boiler Market: Fuel Analysis 7.1.1. Natural Gas 7.1.1.1. Market Share and growth forecasts,2017-2026 (USD Billion) 7.1.2. Oil 7.1.2.1. Market Share and growth forecasts,2017-2026 (USD Billion) 7.1.3. Coal 7.1.3.1. Market Share and growth forecasts,2017-2026 (USD Billion) 7.2. Global Boiler Market: Fuel Trends 8. GLOBAL BOILER MARKET APPLICATION ESTIMATES & TREND ANALYSIS (2017-2026) 8.1. Global Boiler Market: Application Analysis 8.1.1. Residential 8.1.1.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.2. Commercial 8.1.2.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.2.2. Offices 8.1.2.2.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.2.3. Healthcare Facilities 8.1.2.3.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.2.4. Institutions 8.1.2.4.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.2.5. Lodgings 8.1.2.5.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.2.6. Retail 8.1.2.6.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.3. Industrial 8.1.3.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.3.2. Food 8.1.3.2.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.3.3. Paper 8.1.3.3.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.3.4. Chemical 8.1.3.4.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.3.5. Refinery 8.1.3.5.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.3.6. Primary Metals 8.1.3.6.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.1.4. Utility 8.1.4.1. Market Share and growth forecasts,2017-2026 (USD Billion) 8.2. Global Boiler Market: Application Trends 9. GLOBAL BOILER MARKET BY REGIONAL ESTIMATES & TREND ANALYSIS (2017-2026) 9.1. North America Boiler market share by Region, 2016 & 2025 9.2. North America 9.2.1. North America Boiler market, Market Share and growth forecasts, 2017-2026 (USD Billion) 9.2.2. Boiler Drivers for North America Market 9.2.3. Market Share Analysis and Growth Forecast, by Country 9.2.3.1. US 9.2.3.2. Canada 9.2.4. Country-wise GDP Growth Forecast 9.2.5. Boiler Trends in North America Market 9.3. Europe 9.3.1. Europe Boiler market, Market Share and growth forecasts, 2017-2026 (USD Billion) 9.3.2. Boiler Drivers for Europe Market 9.3.3. Market Share Analysis and Growth Forecast, by Country 9.3.3.1. UK 9.3.3.2. Germany 9.3.3.3. France 9.3.3.4. Russia 9.3.3.5. Spain 9.3.3.6. Italy 9.3.3.7. Others 9.3.4. Country-wise GDP Growth Forecast 9.3.5. Boiler Trends in Europe Market 9.4. Asia Pacific 9.4.1. Asia Pacific Boiler market, Market Share and growth forecasts, 2017-2026 (USD Billion) 9.4.2. Boiler Drivers for Asia Pacific Market 9.4.3. Market Share Analysis and Growth Forecast, by Country 9.4.3.1. China 9.4.3.2. Japan 9.4.3.3. India 9.4.3.4. South Korea 9.4.3.5. Australia 9.4.3.6. Others 9.4.4. Country-wise GDP Growth Forecast 9.4.5. Boiler Trends in Asia Pacific Market 9.5. Middle-east and Africa 9.5.1. Middle-east and Africa Boiler market, Market Share and growth forecasts, 2017-2026 (USD Billion) 9.5.2. Boiler Drivers for Middle-east and Africa Market 9.5.3. Market Share Analysis and Growth Forecast, by Country 9.5.3.1. GCC Countries 9.5.3.2. Saudi Arabia 9.5.3.3. Others 9.5.4. Boiler Trends in Middle-east and Africa Market 9.6. Latin America 9.6.1. Latin America Boiler market, Market Share and growth forecasts, 2017-2026 (USD Billion) 9.6.2. Boiler Drivers for Latin America Market 9.6.3. Market Share Analysis and Growth Forecast, by Country 9.6.3.1. Brazil 9.6.3.2. Mexico 9.6.3.3. Others 9.6.4. Boiler Trends in Latin America Market 10. GLOBAL BOILER MARKET COMPETITION ANALYSIS 10.1. Strategy Framework 10.2. Consolidation 10.2.1. Patent Analysis 10.2.2. Mergers & Acquisitions 10.2.2.1. Region Based 10.2.2.2. List of Mergers & Acquisitions 10.2.3. Company Benchmarking (Revenue & Profit Based) 10.2.4. Strategic Assessment of Company Consolidations 10.2.5. Emerging Business Models 10.3. Company Profiles 10.3.1. Bharat Heavy Electricals 10.3.1.1. Company overview 10.3.1.2. Key financials 10.3.1.3. Geographical presence 10.3.1.4. Product and Business Segments 10.3.1.5. Strategic initiatives 10.3.1.6. SWOT analysis 10.3.1.7. Competitive positioning and landscape 10.3.2. A.O. Smith 10.3.2.1. Company overview 10.3.2.2. Key financials 10.3.2.3. Geographical presence 10.3.2.4. Product and Business Segments 10.3.2.5. Strategic initiatives 10.3.2.6. SWOT analysis 10.3.2.7. Competitive positioning and landscape 10.3.3. Parker 10.3.3.1. Company overview 10.3.3.2. Key financials 10.3.3.3. Geographical presence 10.3.3.4. Product and Business Segments 10.3.3.5. Strategic initiatives 10.3.3.6. SWOT analysis 10.3.3.7. Competitive positioning and landscape 10.3.4. Cleaver-Brooks 10.3.4.1. Company overview 10.3.4.2. Key financials 10.3.4.3. Geographical presence 10.3.4.4. Product and Business Segments 10.3.4.5. Strategic initiatives 10.3.4.6. SWOT analysis 10.3.4.7. Competitive positioning and landscape 10.3.5. Thermax 10.3.5.1. Company overview 10.3.5.2. Key financials 10.3.5.3. Geographical presence 10.3.5.4. Product and Business Segments 10.3.5.5. Strategic initiatives 10.3.5.6. SWOT analysis 10.3.5.7. Competitive positioning and landscape 10.3.6. Weil-McLain 10.3.6.1. Company overview 10.3.6.2. Key financials 10.3.6.3. Geographical presence 10.3.6.4. Product and Business Segments 10.3.6.5. Strategic initiatives 10.3.6.6. SWOT analysis 10.3.6.7. Competitive positioning and landscape 10.3.7. Fulton 10.3.7.1. Company overview 10.3.7.2. Key financials 10.3.7.3. Geographical presence 10.3.7.4. Product and Business Segments 10.3.7.5. Strategic initiatives 10.3.7.6. SWOT analysis 10.3.7.7. Competitive positioning and landscape 10.3.8. General Electric 10.3.8.1. Company overview 10.3.8.2. Key financials 10.3.8.3. Geographical presence 10.3.8.4. Product and Business Segments 10.3.8.5. Strategic initiatives 10.3.8.6. SWOT analysis 10.3.8.7. Competitive positioning and landscape 10.3.9. Babcock and Wilcox 10.3.9.1. Company overview 10.3.9.2. Key financials 10.3.9.3. Geographical presence 10.3.9.4. Product and Business Segments 10.3.9.5. Strategic initiatives 10.3.9.6. SWOT analysis 10.3.9.7. Competitive positioning and landscape 10.3.10. Forbes Marshall 10.3.10.1. Company overview 10.3.10.2. Key financials 10.3.10.3. Geographical presence 10.3.10.4. Product and Business Segments 10.3.10.5. Strategic initiatives 10.3.10.6. SWOT analysis 10.3.10.7. Competitive positioning and landscape 10.3.11. Burnham 10.3.11.1. Company overview 10.3.11.2. Key financials 10.3.11.3. Geographical presence 10.3.11.4. Product and Business Segments 10.3.11.5. Strategic initiatives 10.3.11.6. SWOT analysis 10.3.11.7. Competitive positioning and landscape 10.3.12. Hurst Boiler and Welding 10.3.12.1. Company overview 10.3.12.2. Key financials 10.3.12.3. Geographical presence 10.3.12.4. Product and Business Segments 10.3.12.5. Strategic initiatives 10.3.12.6. SWOT analysis 10.3.12.7. Competitive positioning and landscape 10.3.13. Cochran 10.3.13.1. Company overview 10.3.13.2. Key financials 10.3.13.3. Geographical presence 10.3.13.4. Product and Business Segments 10.3.13.5. Strategic initiatives 10.3.13.6. SWOT analysis 10.3.13.7. Competitive positioning and landscape 10.3.14. DEC 10.3.14.1. Company overview 10.3.14.2. Key financials 10.3.14.3. Geographical presence 10.3.14.4. Product and Business Segments 10.3.14.5. Strategic initiatives 10.3.14.6. SWOT analysis 10.3.14.7. Competitive positioning and landscape 10.3.15. John Wood Group PLC 10.3.15.1. Company overview 10.3.15.2. Key financials 10.3.15.3. Geographical presence 10.3.15.4. Product and Business Segments 10.3.15.5. Strategic initiatives 10.3.15.6. SWOT analysis 10.3.15.7. Competitive positioning and landscape 10.3.16. IHI Corporation 10.3.16.1. Company overview 10.3.16.2. Key financials 10.3.16.3. Geographical presence 10.3.16.4. Product and Business Segments 10.3.16.5. Strategic initiatives 10.3.16.6. SWOT analysis 10.3.16.7. Competitive positioning and landscape 10.3.17. Mitsubishi Hitachi Power Systems, Ltd. 10.3.17.1. Company overview 10.3.17.2. Key financials 10.3.17.3. Geographical presence 10.3.17.4. Product and Business Segments 10.3.17.5. Strategic initiatives 10.3.17.6. SWOT analysis 10.3.17.7. Competitive positioning and landscape 10.3.18. ANDRITZ 10.3.18.1. Company overview 10.3.18.2. Key financials 10.3.18.3. Geographical presence 10.3.18.4. Product and Business Segments 10.3.18.5. Strategic initiatives 10.3.18.6. SWOT analysis 10.3.18.7. Competitive positioning and landscape 10.3.19. ALFA LAVAL 10.3.19.1. Company overview 10.3.19.2. Key financials 10.3.19.3. Geographical presence 10.3.19.4. Product and Business Segments 10.3.19.5. Strategic initiatives 10.3.19.6. SWOT analysis 10.3.19.7. Competitive positioning and landscape 10.3.20. Bryan Steam 10.3.20.1. Company overview 10.3.20.2. Key financials 10.3.20.3. Geographical presence 10.3.20.4. Product and Business Segments 10.3.20.5. Strategic initiatives 10.3.20.6. SWOT analysis 10.3.20.7. Competitive positioning and landscape 10.3.21. Superior Boiler Works, Inc. 10.3.21.1. Company overview 10.3.21.2. Key financials 10.3.21.3. Geographical presence 10.3.21.4. Product and Business Segments 10.3.21.5. Strategic initiatives 10.3.21.6. SWOT analysis 10.3.21.7. Competitive positioning and landscape 10.3.22. Vapor Power 10.3.22.1. Company overview 10.3.22.2. Key financials 10.3.22.3. Geographical presence 10.3.22.4. Product and Business Segments 10.3.22.5. Strategic initiatives 10.3.22.6. SWOT analysis 10.3.22.7. Competitive positioning and landscape 10.3.23. Sofinter S.p.a, AB&CO GROUP 10.3.23.1. Company overview 10.3.23.2. Key financials 10.3.23.3. Geographical presence 10.3.23.4. Product and Business Segments 10.3.23.5. Strategic initiatives 10.3.23.6. SWOT analysis 10.3.23.7. Competitive positioning and landscape 10.3.24. ZOZEN boiler Co., Ltd. 10.3.24.1. Company overview 10.3.24.2. Key financials 10.3.24.3. Geographical presence 10.3.24.4. Product and Business Segments 10.3.24.5. Strategic initiatives 10.3.24.6. SWOT analysis 10.3.24.7. Competitive positioning and landscape

About This Report

Report ID 11574
Category Energy & Power
Published Date Aug 2019
Updated Date Nov 2020
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