The Boiler Market size was valued at USD 40.6 Billion in 2023 and the total Boiler Market revenue is expected to grow at a CAGR of 10.34 % from 2024 to 2030, reaching nearly USD 80.86 Billion by 2030Boiler Market Overview
A boiler is a closed vessel in which water is heated to produce steam or hot water. The steam or hot water is then used for various purposes, including heating buildings, generating electricity, and sterilizing equipment. In 2023, the global boiler market witnessed significant shifts, driven by a growing demand for energy-efficient solutions and environmental regulations. The demand for boilers in major countries such as the United States, China, and Germany remained robust, primarily owing to industrial growth, infrastructure development, and increasing heating needs in residential and commercial sectors.• For instance, China’s substantial production capacity for industrial boilers, which saw a rise in output from government-backed green initiatives, accounted for a large portion of global supply. Boiler Demand surged in regions prioritizing renewable energy sources, with a notable increase in the adoption of biomass and solar boilers.
In terms of production, Europe continued to lead in manufacturing high-efficiency boilers, capitalizing on its strong research and development base. The Boiler market growth drivers include a push for lower carbon emissions, technological advancements in boiler efficiency, and development in oil, gas, and power generation industries. Supply chain disruptions in 2023 impacted the availability of raw materials, slightly affecting production timelines. The rising emphasis on sustainable solutions has led to innovations in the boiler market, shifting toward more eco-friendly and energy-efficient systems, ultimately reshaping the demand-supply dynamics across key global regions.• For instance, Bosch Industriekessel GmbH and Clayton Industries are responding by innovating their product lines to comply with new requirements established by authorities like the U.S. Department of Energy.
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Boiler Market Dynamics
The Future of Boilers Industry: Green Technologies and Energy-Efficient Solutions The boiler market has been experiencing robust growth, driven by several factors that reflect the evolving energy demands and sustainability goals across industries. A key driver is the global push towards decarbonization, where stricter government regulations on carbon emissions are pushing industries to adopt energy-efficient solutions. The shift from traditional fossil fuel-based systems to low-emission alternatives, such as electric and hydrogen-ready boilers, is gaining momentum.• For instance, Baxi's hydrogen boiler technology, compatible with existing gas systems in the UK, demonstrates the growing integration of green technologies within the boiler market.
In addition, the rising demand for heating solutions in commercial buildings, including hotels, office spaces, and industrial facilities, continues to drive growth. High-efficiency condensing boilers, offering improved performance and cost savings, are increasingly favored in these applications. The boiler market has also seen considerable demand from the food and beverage industries, where steam boilers are essential for cooking, sanitizing, and packaging processes. Adopting package boilers, which are compact and efficient, is prevalent in these sectors. Emerging markets like India are contributing significantly to the boiler market growth, driven by growing industrialization and energy requirements. Government initiatives such as "Make in India" promote the development and adoption of advanced, energy-efficient boilers. With technological innovations and government support for sustainable practices, the boiler market is poised for continued growth, aligning with global sustainability trends and energy efficiency goals.Evolving Market Pressures: The Impact of Environmental Regulations and Cost Hikes on Boiler Manufacturers The boiler market is currently facing several significant challenges, shaped by stricter environmental regulations, rising fuel costs, and shifting technological demands. For example, in 2023, the UK government introduced stricter regulations for boiler systems, requiring a transition to hydrogen-ready or electric boilers in some sectors. This has posed a challenge for traditional manufacturers who must invest significantly in new technology to comply with these regulations. Additionally, rising fuel and raw material costs, exacerbated by global energy price hikes and geopolitical tensions like the ongoing Ukraine conflict, have placed financial pressure on manufacturers. Companies such as Thermax Limited and BHEL are particularly impacted, as they strive to balance cost-effective production with regulatory compliance. The increasing complexity of the supply chain and the rising costs of materials further add to the financial burden, delaying production timelines and raising operational costs. The boiler market has been experiencing increased competition from alternative heating technologies, such as heat pumps, which are gaining traction due to their energy efficiency. The industry’s transition towards electrification and the adoption of low-emission solutions like heat pumps is intensifying the competitive landscape for traditional boiler systems. As the boiler market shifts towards sustainability, manufacturers need to focus on innovation to stay competitive and meet the growing demand for energy-efficient solutions in the boiler market.
• From 2025, boilers are expected to be banned in new-build homes in the UK as part of new energy efficiency standards, as the government deems them ineffective in achieving significant carbon savings or "zero-carbon ready" homes. Surprisingly, hydrogen, previously seen as a potential alternative to natural gas, has also been ruled out due to its production methods, which often involve fossil fuels. Despite earlier plans for hydrogen trials in towns like Whitby, Redcar, and Levenmouth, the UK is shifting away from hydrogen as a viable heating source for residential homes.
Global Trade Shifts: Trends in Boiler Imports and Exports In 2023, the boiler market experienced notable trends in import and export activities, reflecting the shifting dynamics of global trade. India, a significant player in the boiler import sector, recorded 3,323 shipments of boilers from various countries, with China, Italy, and Germany being the primary suppliers. This marked a decline of 24% compared to the previous year, highlighting challenges in supply chains and fluctuating demand. In February 2024 alone, India imported 301 boiler shipments, indicating a year-on-year decrease of 13%, although this represented a sequential increase from January 2024. On the export front, countries like Germany and China continued to dominate the market for super-heated water boilers. The European Union collectively exported approximately USD 30 million worth of super-heated water boilers in 2023. Germany alone contributed around $22 million, showcasing its strong manufacturing capabilities. The global landscape also saw Mexico emerging as a leading importer with over 555,000 shipments, followed by Ukraine and Russia. These trends underscore the competitive nature of the boiler market, driven by technological advancements and regulatory changes aimed at enhancing energy efficiency and reducing emissions across industries.
Boiler Market Segment Analysis
By End-Use Industry, the Chemicals industry segment held the largest market share in the 2023 and is expected to dominate through the forecast period. The rising need for high-quality steam for the manufacturing of chemicals such as petrochemicals, industrial gases, alkali and chlorine, synthetic rubber, synthetic organic fibers, and agricultural chemicals has contributed to the domination (of fertilizers and pesticides). In emerging countries like India and China, the demand for industrial boilers is increasing, especially in the chemical industry, which requires consistent steam for operations like fermentation in distilleries and chemical processing in refineries. For example, large boilers are commonly used in petroleum refining, where waste fuels like coke and refinery gas power them. The demand for industrial boilers is also rising in the food processing industry, where high-capacity boilers are needed for efficient production. Additionally, as renewable energy facilities increase, the need for efficient, low-emission boilers will continue to grow. Condensing technology, known for its high efficiency and low fuel consumption, is expected to drive further advancements in the boiler market.The energy and power sector, particularly thermal power plants, remains a major consumer of steam boilers.• According to the International Energy Agency, investments in thermal power plants will exceed USD 9.5 trillion between 2014 and 2035, with a large portion directed toward fossil-fuel-based plants. This growing demand in power generation, along with rising energy prices, is expected to continue to propel the boiler market forward, with China and India leading the way in thermal power capacity growth.
Boiler Market Regional Analysis
Asia Pacific has dominated in 2023 and is expected to maintain its dominance through the forecast period with an increasing CAGR. Thanks to its rapid industrialization, increasing energy needs, and ongoing infrastructure development. In 2023, Asia-Pacific accounted for the largest share in the boiler market, driven by countries like China and India, which are key players in industrial boiler consumption and production. China, for instance, continues to lead in boiler production, meeting domestic and international demand across various sectors, including chemical processing, energy generation, and manufacturing. China’s energy sector, with its large number of coal-fired and thermal power plants, remains a primary driver. The country’s government has been focusing on transitioning towards cleaner technologies, which has accelerated the demand for energy-efficient boilers. Similarly, in India, rising power demand and industrial growth have fuelled boiler market growth. The country has been focusing on modernizing its power plants, which has led to increased demand for advanced steam boilers, especially in the thermal power generation sector. The boiler market in these countries is supported by strong domestic production, with major manufacturers such as Thermax Limited in India and ZOZEN in China playing pivotal roles. As demand for cleaner and more efficient energy solutions grows, these companies are investing heavily in high-efficiency boilers and renewable energy solutions.• For example, Thermax launched a series of biomass boilers in 2023 to cater to the growing demand for green energy in India.
The Asia-Pacific region benefits from an established manufacturing base and extensive supply chains. Challenges such as fluctuating raw material costs and supply chain disruptions, particularly owing to geopolitical tensions, have impacted the availability and pricing of boilers. The Asia-Pacific region’s continued industrialization and energy needs are expected to keep it as the dominant player in the boiler market.Europe is expected to be fastest growing region in 2023 and is expected to grow with an increasing CAGR through the forecast period. The existence of a greater number of industries and industrial units throughout Europe has benefited its growth. The greater knowledge of carbon emissions has boosted environmental consciousness, and the increased emphasis of industries on attaining sustainability has prompted the government to enact tough limits on hazardous industrial emissions. This has considerably aided the growth of the European industrial boilers market. With a rising acceptance rate of advanced and cutting-edge technologies to achieve sustainability and energy efficiency throughout European manufacturing units, demand for industrial boilers has increased.
Boiler Market Competitive Landscape
The boiler market in 2023 has seen significant competition, with leading players like Thermax Limited, Zurn Industries, and BHEL dominating the global landscape. Thermax Limited has strengthened its position by increasing its portfolio of biomass boilers to meet the increasing demand for renewable energy solutions, especially in India’s industrial sector. Zurn Industries, on the other hand, focuses on innovative steam boiler solutions and has seen growth in the North American market with high-efficiency systems. BHEL, a prominent player in the Indian market, continues to lead in large-scale thermal boiler projects, particularly in the power sector. In comparison, ZOZEN Boiler in China stands out for its cost-effective production strategies and extensive supply chain, catering to both domestic and international demand. As energy efficiency and environmental standards continue to tighten globally, these companies are investing heavily in advanced boiler technologies to maintain their competitive edge in the boiler market.• In January 2023, Babcock Wanson acquired Parat Halvorsen, a Norway-based company specializing in electric boilers and decarbonization solutions. This acquisition enhances Babcock Wanson's market presence and supports its strategic goals in energy transition and industrial boiler markets.
• In March 2024, Thermax announced the acquisition of a renewable energy technology company to enhance its portfolio of sustainable heating solutions, focusing on integrating renewable energy into its boiler offerings.
Boiler Market Scope: Inquire before buying
Boiler Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 40.6 Billion Forecast Period 2024 to 2030 CAGR: 4.5% Market Size in 2030: USD 80.86 Billion Segments Covered: by Fuel Type Natural Gas & Biomass Coal Oil Others by Boiler Type Fire-Tube Water-Tube by Boiler Horsepower 10-150 BHP 151-300 BHP 301-600 BHP by Application Residential Commercial Industrial by End-Use Industry Chemical Food Refineries Metals & Mining Others 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 Market Key Players
1. Parker Boiler (US) 2. Cleaver-Brooks, Inc. (US) 3. Thermax Inc (US) 4. Weil-McLain (US) 5. Fulton Boiler Works, Inc. (US) 6. General Electric (US) 7. Babcock & Wilcox Enterprises, Inc. (US) 8. BURNHAM COMMERCIAL BOILERS (US) 9. Hurst Boiler & Welding Co, Inc. (US) 10. Bryan Steam LLC (US) 11. Superior Boiler (US) 12. Vapor Power International LLC (US) 13. Siemens AG (Germany) 14. Cochran Ltd (UK) 15. John Wood Group plc (UK) 16. Vattenfall AB (Sweden) 17. Alfa Laval AB (Sweden) 18. Sofinter S.p.a (Italy) 19. ANDRITZ AG (Austria) 20. ABB Ltd (Switzerland) 21. Bharat Heavy Electricals (India) 22. Forbes Marshall (India) 23. IHI Corporation (Japan) 24. Mitsubishi Hitachi Power Systems, Ltd. (Japan) 25. Kawasaki Heavy Industries Ltd (Japan) 26. Wuxi Zozen Boilers Co., Ltd (China) 27. Shanghai Electric (China) 28. OthersFAQ:
1. What is the major growth driver for the Boiler market? Ans. Growing demand for Stream Boilers in Food and Beverage industries is expected to be the major driver for the Boiler market. 2. What is the major restraint for the Boiler market growth? Ans. The rising raw material prices are expected to be the major restraining factor for the Boiler market growth. 3. Which region is expected to lead the global Boiler market during the forecast period? Ans. The Asia-Pacific market is expected to lead the global Boiler market during the forecast period due to the region's rapidly growing industrial sector, and rising foreign investment. 4. What segments are covered in the Boiler Market report? Ans. The segments covered are Fuel Type, Application, Boiler Type, Boiler Horsepower, End-Use Industry, and Region.
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. Competitive Landscape 2.3. Market share analysis of major players 2.4. Key Players Benchmarking 2.4.1. Company Name 2.4.2. Product Segment 2.4.3. End-User Segment 2.4.4. Revenue Details 2.4.5. Headquarter 2.5. Market Structure 2.5.1. Market Leaders 2.5.2. Market Followers 2.5.3. Emerging Players 2.6. Mergers and Acquisitions Details 3. Boiler Market: Dynamics 3.1. Boiler Market Trends 3.2. Boiler Market Dynamics 3.2.1.1. Drivers 3.2.1.2. Restraints 3.2.1.3. Opportunities 3.2.1.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Regulatory Landscape By Region 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. South America 3.5.5. MEA 3.6. Key Opinion Leader Analysis For the Global Industry 3.7. Analysis of Government Schemes and Initiatives for the Industry 4. Technology Trends in the Boiler Market 4.1. Adoption of High-Efficiency Boilers 4.2. Integration of IoT in Smart Boilers 4.3. Advancements in Biomass and Hydrogen-ready Boilers 5. Supply Chain and Distribution Channel Analysis 5.1. Key Suppliers and Manufacturers 5.2. Distribution Channels and Key Stakeholders 5.3. Impact of Global Supply Chain Disruptions 6. Regulatory Framework and Environmental Policies 6.1. Emission Standards and Compliance Requirements 6.2. Impact of Government Initiatives on Market Dynamics 6.3. Key Certifications and Environmental Guidelines 7. Boiler Market: Global Market Size and Forecast By Segmentation (By Value in USD Bn) (2023-2030) 7.1. Boiler Market Size and Forecast, By Fuel Type(2023-2030) 7.1.1. Natural Gas & Biomass 7.1.2. Coal 7.1.3. Oil 7.1.4. Others 7.2. Boiler Market Size and Forecast, By Boiler Type (2023-2030) 7.2.1. Fire-Tube 7.2.2. Water-Tube 7.3. Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 7.3.1. 10-150 BHP 7.3.2. 151-300 BHP 7.3.3. 301-600 BHP 7.4. Boiler Market Size and Forecast, By End Use Industry (2023-2030) 7.4.1. Chemical 7.4.2. Food 7.4.3. Refineries 7.4.4. Metals & Mining 7.4.5. Others 8. North America Boiler Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 8.1. North America Boiler Market Size and Forecast, By Fuel Type(2023-2030) 8.1.1. Natural Gas & Biomass 8.1.2. Coal 8.1.3. Oil 8.1.4. Others 8.2. North America Boiler Market Size and Forecast, By Boiler Type (2023-2030) 8.2.1. Fire-Tube 8.2.2. Water-Tube 8.3. North America Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 8.3.1. 10-150 BHP 8.3.2. 151-300 BHP 8.3.3. 301-600 BHP 8.4. North America Boiler Market Size and Forecast, By End Use Industry (2023-2030) 8.4.1. Chemical 8.4.2. Food 8.4.3. Refineries 8.4.4. Metals & Mining 8.4.5. Others 8.5. North America Boiler Market Size and Forecast, By Country (2023-2030) 8.5.1. United States 8.5.1.1. United States Boiler Market Size and Forecast, By Fuel Type(2023-2030) 8.5.1.1.1. Natural Gas & Biomass 8.5.1.1.2. Coal 8.5.1.1.3. Oil 8.5.1.1.4. Others 8.5.1.2. United States Boiler Market Size and Forecast, By Boiler Type (2023-2030) 8.5.1.2.1. Fire-Tube 8.5.1.2.2. Water-Tube 8.5.1.3. United States Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 8.5.1.3.1. 10-150 BHP 8.5.1.3.2. 151-300 BHP 8.5.1.3.3. 301-600 BHP 8.5.1.4. United States Boiler Market Size and Forecast, By End Use Industry (2023-2030) 8.5.1.5. Chemical 8.5.1.6. Food 8.5.1.7. Refineries 8.5.1.8. Metals & Mining 8.5.1.9. Others 8.5.2. Canada 8.5.2.1. Canada Boiler Market Size and Forecast, By Fuel Type(2023-2030) 8.5.2.1.1. Natural Gas & Biomass 8.5.2.1.2. Coal 8.5.2.1.3. Oil 8.5.2.1.4. Others 8.5.2.2. Canada Boiler Market Size and Forecast, By Boiler Type (2023-2030) 8.5.2.2.1. Fire-Tube 8.5.2.2.2. Water-Tube 8.5.2.3. Canada Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 8.5.2.3.1. 10-150 BHP 8.5.2.3.2. 151-300 BHP 8.5.2.3.3. 301-600 BHP 8.5.2.4. Canada Boiler Market Size and Forecast, By End Use Industry (2023-2030) 8.5.2.4.1. Chemical 8.5.2.4.2. Food 8.5.2.4.3. Refineries 8.5.2.4.4. Metals & Mining 8.5.2.4.5. Others 8.5.3. Mexico 8.5.3.1. Mexico Boiler Market Size and Forecast, By Fuel Type(2023-2030) 8.5.3.1.1. Natural Gas & Biomass 8.5.3.1.2. Coal 8.5.3.1.3. Oil 8.5.3.1.4. Others 8.5.3.2. Mexico Boiler Market Size and Forecast, By Boiler Type (2023-2030) 8.5.3.2.1. Fire-Tube 8.5.3.2.2. Water-Tube 8.5.3.3. Mexico Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 8.5.3.3.1. 10-150 BHP 8.5.3.3.2. 151-300 BHP 8.5.3.3.3. 301-600 BHP 8.5.3.4. Mexico Boiler Market Size and Forecast, By End Use Industry (2023-2030) 8.5.3.4.1. Chemical 8.5.3.4.2. Food 8.5.3.4.3. Refineries 8.5.3.4.4. Metals & Mining 8.5.3.4.5. Others 9. Europe Boiler Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 9.1. Europe Boiler Market Size and Forecast, By Fuel Type(2023-2030) 9.2. Europe Boiler Market Size and Forecast, By Boiler Type (2023-2030) 9.3. Europe Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 9.4. Europe Boiler Market Size and Forecast, By End Use Industry (2023-2030) 9.5. Europe Boiler Market Size and Forecast, By Country (2023-2030) 9.5.1. United Kingdom 9.5.1.1. United Kingdom Boiler Market Size and Forecast, By Fuel Type(2023-2030) 9.5.1.2. United Kingdom Boiler Market Size and Forecast, By Boiler Type (2023-2030) 9.5.1.3. United Kingdom Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 9.5.1.4. United Kingdom Boiler Market Size and Forecast, By End Use Industry (2023-2030) 9.5.2. France 9.5.2.1. France Boiler Market Size and Forecast, By Fuel Type(2023-2030) 9.5.2.2. France Boiler Market Size and Forecast, By Boiler Type (2023-2030) 9.5.2.3. France Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 9.5.2.4. France Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 9.5.3. Germany 9.5.3.1. Germany Boiler Market Size and Forecast, By Fuel Type(2023-2030) 9.5.3.2. Germany Boiler Market Size and Forecast, By Boiler Type (2023-2030) 9.5.3.3. Germany Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 9.5.3.4. Germany Boiler Market Size and Forecast, By End Use Industry (2023-2030) 9.5.4. Italy 9.5.4.1. Italy Boiler Market Size and Forecast, By Fuel Type(2023-2030) 9.5.4.2. Italy Boiler Market Size and Forecast, By Boiler Type (2023-2030) 9.5.4.3. Italy Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 9.5.4.4. Italy Boiler Market Size and Forecast, By End Use Industry (2023-2030) 9.5.5. Spain 9.5.5.1. Spain Boiler Market Size and Forecast, By Fuel Type(2023-2030) 9.5.5.2. Spain Boiler Market Size and Forecast, By Boiler Type (2023-2030) 9.5.5.3. Spain Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 9.5.5.4. Spain Boiler Market Size and Forecast, By End Use Industry (2023-2030) 9.5.6. Sweden 9.5.6.1. Sweden Boiler Market Size and Forecast, By Fuel Type(2023-2030) 9.5.6.2. Sweden Boiler Market Size and Forecast, By Boiler Type (2023-2030) 9.5.6.3. Sweden Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 9.5.6.4. Sweden Boiler Market Size and Forecast, By End Use Industry (2023-2030) 9.5.7. Rest of Europe 9.5.7.1. Rest of Europe Boiler Market Size and Forecast, By Fuel Type(2023-2030) 9.5.7.2. Rest of Europe Boiler Market Size and Forecast, By Boiler Type (2023-2030) 9.5.7.3. Rest of Europe Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 9.5.7.4. Rest of Europe Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10. Asia Pacific Boiler Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 10.1. Asia Pacific Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.2. Asia Pacific Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.3. Asia Pacific Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.4. Asia Pacific Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5. Asia Pacific Boiler Market Size and Forecast, By Country (2023-2030) 10.5.1. China 10.5.1.1. China Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.1.2. China Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.1.3. China Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.1.4. China Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5.2. S Korea 10.5.2.1. S Korea Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.2.2. S Korea Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.2.3. S Korea Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.2.4. S Korea Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5.3. Japan 10.5.3.1. Japan Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.3.2. Japan Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.3.3. Japan Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.3.4. Japan Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5.4. India 10.5.4.1. India Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.4.2. India Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.4.3. India Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.4.4. India Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5.5. Australia 10.5.5.1. Australia Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.5.2. Australia Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.5.3. Australia Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.5.4. Australia Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5.6. Indonesia 10.5.6.1. Indonesia Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.6.2. Indonesia Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.6.3. Indonesia Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.6.4. Indonesia Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5.7. Malaysia 10.5.7.1. Malaysia Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.7.2. Malaysia Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.7.3. Malaysia Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.7.4. Malaysia Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5.8. Philippines 10.5.8.1. Philippines Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.8.2. Philippines Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.8.3. Philippines Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.8.4. Philippines Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5.9. Vietnam 10.5.9.1. Vietnam Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.9.2. Vietnam Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.9.3. Vietnam Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.9.4. Vietnam Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5.10. Thailand 10.5.10.1. Thailand Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.10.2. Thailand Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.10.3. Thailand Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.10.4. Thailand Boiler Market Size and Forecast, By End Use Industry (2023-2030) 10.5.11. Rest of Asia Pacific 10.5.11.1. Rest of Asia Pacific Boiler Market Size and Forecast, By Fuel Type(2023-2030) 10.5.11.2. Rest of Asia Pacific Boiler Market Size and Forecast, By Boiler Type (2023-2030) 10.5.11.3. Rest of Asia Pacific Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 10.5.11.4. Rest of Asia Pacific Boiler Market Size and Forecast, By End Use Industry (2023-2030) 11. South America Boiler Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 11.1. South America Boiler Market Size and Forecast, By Fuel Type(2023-2030) 11.2. South America Boiler Market Size and Forecast, By Boiler Type (2023-2030) 11.3. South America Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 11.4. South America Boiler Market Size and Forecast, By End Use Industry (2023-2030) 11.5. South America Boiler Market Size and Forecast, By Country (2023-2030) 11.5.1. Brazil 11.5.1.1. Brazil Boiler Market Size and Forecast, By Fuel Type(2023-2030) 11.5.1.2. Brazil Boiler Market Size and Forecast, By Boiler Type (2023-2030) 11.5.1.3. Brazil Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 11.5.1.4. Brazil Boiler Market Size and Forecast, By End Use Industry (2023-2030) 11.5.2. Argentina 11.5.2.1. Argentina Boiler Market Size and Forecast, By Fuel Type(2023-2030) 11.5.2.2. Argentina Boiler Market Size and Forecast, By Boiler Type (2023-2030) 11.5.2.3. Argentina Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 11.5.2.4. Argentina Boiler Market Size and Forecast, By End Use Industry (2023-2030) 11.5.3. Colombia 11.5.3.1. Colombia Boiler Market Size and Forecast, By Fuel Type(2023-2030) 11.5.3.2. Colombia Boiler Market Size and Forecast, By Boiler Type (2023-2030) 11.5.3.3. Colombia Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 11.5.3.4. Colombia Boiler Market Size and Forecast, By End Use Industry (2023-2030) 11.5.4. Chile 11.5.4.1. Chile Boiler Market Size and Forecast, By Fuel Type(2023-2030) 11.5.4.2. Chile Boiler Market Size and Forecast, By Boiler Type (2023-2030) 11.5.4.3. Chile Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 11.5.4.4. Chile Boiler Market Size and Forecast, By End Use Industry (2023-2030) 11.5.5. Rest Of South America 11.5.5.1. Rest of South America Boiler Market Size and Forecast, By Fuel Type(2023-2030) 11.5.5.2. Rest of South America Boiler Market Size and Forecast, By Boiler Type (2023-2030) 11.5.5.3. Rest of South America Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 11.5.5.4. Rest of South America Boiler Market Size and Forecast, By End Use Industry (2023-2030) 12. Middle East and Africa Boiler Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 12.1. Middle East and Africa Boiler Market Size and Forecast, By Fuel Type(2023-2030) 12.2. Middle East and Africa Boiler Market Size and Forecast, By Boiler Type (2023-2030) 12.3. Middle East and Africa Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 12.4. Middle East and Africa Boiler Market Size and Forecast, By End Use Industry (2023-2030) 12.5. Middle East and Africa Boiler Market Size and Forecast, By Country (2023-2030) 12.5.1. South Africa 12.5.1.1. South Africa Boiler Market Size and Forecast, By Fuel Type(2023-2030) 12.5.1.2. South Africa Boiler Market Size and Forecast, By Boiler Type (2023-2030) 12.5.1.3. South Africa Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 12.5.1.4. South Africa Boiler Market Size and Forecast, By End Use Industry (2023-2030) 12.5.2. GCC 12.5.2.1. GCC Boiler Market Size and Forecast, By Fuel Type(2023-2030) 12.5.2.2. GCC Boiler Market Size and Forecast, By Boiler Type (2023-2030) 12.5.2.3. GCC Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 12.5.2.4. GCC Boiler Market Size and Forecast, By End Use Industry (2023-2030) 12.5.3. Egypt 12.5.3.1. Egypt Boiler Market Size and Forecast, By Fuel Type(2023-2030) 12.5.3.2. Egypt Boiler Market Size and Forecast, By Boiler Type (2023-2030) 12.5.3.3. Egypt Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 12.5.3.4. Egypt Boiler Market Size and Forecast, By End Use Industry (2023-2030) 12.5.4. Nigeria 12.5.4.1. Nigeria Boiler Market Size and Forecast, By Fuel Type(2023-2030) 12.5.4.2. Nigeria Boiler Market Size and Forecast, By Boiler Type (2023-2030) 12.5.4.3. Nigeria Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 12.5.4.4. Nigeria Boiler Market Size and Forecast, By End Use Industry (2023-2030) 12.5.5. Rest Of MEA 12.5.5.1. Rest Of MEA Boiler Market Size and Forecast, By Fuel Type(2023-2030) 12.5.5.2. Rest Of MEA Boiler Market Size and Forecast, By Boiler Type (2023-2030) 12.5.5.3. Rest Of MEA Boiler Market Size and Forecast, By Boiler Horsepower (2023-2030) 12.5.5.4. Rest Of MEA Boiler Market Size and Forecast, By End Use Industry (2023-2030) 13. Company Profile: Key Players 13.1. Parker Boiler (US) 13.1.1. Company Overview 13.1.2. Business Portfolio 13.1.3. Financial Overview 13.1.4. SWOT Analysis 13.1.5. Strategic Analysis 13.1.6. Recent Developments 13.2. Cleaver-Brooks, Inc. (US) 13.3. Thermax Inc (US) 13.4. Weil-McLain (US) 13.5. Fulton Boiler Works, Inc. (US) 13.6. General Electric (US) 13.7. Babcock & Wilcox Enterprises, Inc. (US) 13.8. BURNHAM COMMERCIAL BOILERS (US) 13.9. Hurst Boiler & Welding Co, Inc. (US) 13.10. Bryan Steam LLC (US) 13.11. Superior Boiler (US) 13.12. Vapor Power International LLC (US) 13.13. Siemens AG (Germany) 13.14. Cochran Ltd (UK) 13.15. John Wood Group plc (UK) 13.16. Vattenfall AB (Sweden) 13.17. Alfa Laval AB (Sweden) 13.18. Sofinter S.p.a (Iatly) 13.19. ANDRITZ AG (Austria) 13.20. ABB Ltd (Switzerland) 13.21. Bharat Heavy Electricals (India) 13.22. Forbes Marshall (India) 13.23. IHI Corporation (Japan) 13.24. Mitsubishi Hitachi Power Systems, Ltd. (Japan) 13.25. Kawasaki Heavy Industries Ltd (Japan) 13.26. Wuxi Zozen Boilers Co., Ltd (China) 13.27. Shanghai Electric (China) 13.28. Others 14. Key Findings 15. Analyst Recommendations 16. Boiler Market: Research Methodology
