Boiler Market size was valued at USD 17.33 Bn. in 2023 and the total Boiler revenue is expected to grow at a CAGR of 5.9 % from 2024 to 2030, reaching nearly USD 25.89 Bn.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 the form of electromagnetic wave coils. Boilers are an essential source of energy in the process industries because they provide steam to power process equipment and create the steam that is needed throughout the plant. Turbines, reactors, distillation columns, stripper columns, and heat exchangers are examples of steam-powered process equipment. Growing urbanization and the growing food and beverage industry are expected to drive the global market over the forecast period. Additionally, severe environmental legislation would encourage the implementation of these systems, increasing demand for industrial boilers during the forecast period. Food and beverage, petrochemical, electricity, and chemical sectors all rely on industrial boilers. Boilers generate steam, which is subsequently used to heat things. Pipes transport the created steam to the region of activity. Boilers utilize a variety of fuels to generate steam, including oil and gas, fossil, non-fossil, and biomass. Thus, price fluctuations and scarcity of natural resources are some of the major factors restraining market growth.To know about the Research Methodology :- Request Free Sample Report
Boiler Market Dynamics:
Growing demand for Stream Boilers in Food and Beverage industries The food processing industry is one of the largest manufacturing and fastest-growing industries in the world. It is the major step between the grower and the consumer. It is the bridge between the raw food produced by farmers and the eatables found in markets. The entire population relies on the quality of the foods they eat which in turn makes the food processing industry a crucial partner to welfare. Food processing has great potential across the world because of the different types of crops grown. Therefore boilers for the food industry play a vital role in the progress of the sector. Boilers generate steam that aids in the cooking, sanitizing, processing, and packaging of the food industry. Steam plays an integral role in food processing, its demand varies for different operations. As steam boilers require a considerable amount of downtime for heating and cooling, many process plants chose to keep the boiler functioning despite minimal steam requirements. It results in reduced energy efficiency and increased fuel demands, and greenhouse emissions. The food industry needs heat at every stage of the process. Direct heat or heat from hot water is an essential factor in the food processing industry. Inside the beverage business, steam is used for cooking, drying, warming, and general utilize-cleaning. Steam is also used to eliminate microbiological risks in food. Most food processing plants use package boilers. Packaged boilers are compact boilers that are part of a single unit. The boiler requires only steam, water piping, and an electrical connection. Mago Thermal Private Limited carefully designs the boilers to achieve high heat transfer rates using radiation and convection. Packaged boilers are generally used for heating purposes. It is important that the steam produced is food-grade steam. Thus the rising demand for the boilers in food and beverage industries driving market growth. High cost of Fuel and Scarcity of Natural Resources. Different type of boilers uses different kinds of fuel depending on the mechanism of a specific vessel. Each fuel has its distinct chemical properties that either favor or disfavor its use in some particular boiling vessel. Fuels exist in solid, liquid, or gaseous form, none of which makes one more hazardous than the other. The world is now faced with serious short-term and long-term problems in satisfying its energy needs. In the short term, there is a scarcity of fuels that meet antipollution regulations; in the long term, the world is faced with the depletion of petroleum and natural gas reserves. Energy resources are gradually scarce and expensive. Raised a gap between increasing demand and energy supply. Bridging the gap between demands together with energy supply by increasing energy supplies is a very costly decision. Moreover, in the industrial sector with the high cost of energy, the longer the competitiveness decreases. Energy costs in total production costs reduce the number of profits each year. The strategy to prevent these problems is by increasing the efficiency of industrial operations and equipment. Several stages of the efficiency process begin with identifying balance, energy-saving opportunities, and energy utilization, thus these factors restraining the market growth.Boiler Market Segment Analysis:
By End-Use Industry, the Chemicals industry segment held the largest market share of about 38.45% and dominated the Boiler market in 2023.It is further expected to maintain its dominance at the end of the forecast period with the highest CAGR of 5.4%. 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). Emerging markets for energy consumption in the chemical sector, such as India and China, are supporting the growth of the industrial boilers market in the chemical industry. The technology used has been continually changing in response to the needs. These boilers are built to meet the EPA's emission guidelines. The steam generated by distilleries' industrial boilers maintains a steady, moderate temperature that is favorable to good fermentation, maintenance, and vessel heating. Low-pressure boilers are employed for craft distillation because they can provide enough energy for the operation; however, high-pressure boilers help to reduce heat loss caused by lengthy distances between the boiler and distillery equipment. In petrochemical facilities and petroleum refineries, custom boilers with unfired and fired vessels are extensively employed. In the chemical industry, large boilers are utilized to guarantee appropriate electrical and heat supply during chemical processing. Chemical industries typically utilize natural gas to power boilers, along with other chemical byproducts such as vent gases and hydrogen.Co-firing biomass and coal boilers is a common practice in chemical facilities. Additionally, boilers in the petroleum refining sector use waste fuel, such as coke and refinery gas, to power them. Large boilers are in high demand in the metals sector, particularly in steel mills, where they create steam for blast furnace fans, machine drives, and turbine-driven equipment. The food processing industrial boiler is expected to rise owing to the positive outlook toward the food processing industry in line with rising applications of high-capacity boiler units. Product demand would be increased by the increased installation of renewable energy power generation facilities, as well as the ongoing digitalization of processes. Additionally, a positive view toward the development of efficient design as well as the continuing dependable functioning of boilers would benefit the market. Condensing technology would experience tremendous growth as infrastructure develops, high-capacity boilers improve, and industrialization accelerates. Increasing concerns about reducing carbon footprints, as well as high efficiency, low fuel usage, and overall lower energy expenditures, would drive the industrial boiler industry during the forecast period. Additionally, due to their high operating capability and effective designs, novel technical breakthroughs would drive industry demand. In the global market for steam boilers, the energy and power industry is going to be a prominent end-user. Rising power plant capacity will be a primary driver of higher growth. According to the International Energy Agency's World Energy Investment Outlook, between 2014 and 2035, over USD 9.5 trillion would be spent on the building of new power plants and the rehabilitation of existing ones throughout the world. More than 30% of this is used for fossil-fuel-based thermal power plants. Increased generating capacity is planned to be achieved mostly through thermal power plants fueled by fossil fuels, which serve as the dominant source of energy generation in these countries. During the forecast period, the Chinese and Indian markets are expected to be among the fastest-growing economies, accounting for about 70% of all proposed thermal power capacity additions. Such investments try to raise power rates to achieve economies of scale. Rising energy prices have increased demand for the steam boiler system. The demand for boilers in the construction and building material sector is expected to grow during the forecast period, owing to an increase in global construction activity, rising smart city initiatives in developing nations, and so on. Large volumes of steam are also required for the manufacture of molded bricks. Sand, lime, water, and other basic elements are combined and crushed into relatively loose stone compositions. Following that, the stones are transferred to a massive pressure vessel (autoclave), which is then sealed and steam is introduced.
Boiler Market Regional Insights:
The Asia-Pacific Region dominated the boiler market in 2023 and also expected to be dominating throughout the forecast period. The increased need for industrial boilers in countries like China, India, and Japan to satisfy the increasing demand for thermal energy across end-use industries is driving market growth. The region became the biggest consumer in the chemical industry providing high potential for industrial boilers for providing high-pressure and temperature steam. Meanwhile, the rising population and urban lifestyles are increasing the consumption of processed and packaged food goods, which is expected to drive growth in the Asia Pacific industrial boilers market. In addition, the increasing industrialization brought about by the government's ongoing initiatives to attract FDIs is expected to drive the growth of the industrial boilers market. The availability of low-cost production elements and advantageous government policies are enticing major businesses from a variety of sectors to expand their manufacturing facilities in the Asia Pacific area. As a result, demand for industrial boilers is expected to rise across the Asia Pacific area. China and India are rapidly becoming the world's industrial powerhouses. However, the existence of a large population presents profitable growth potential for food and beverage, consumer goods, textiles, and other industries. This is a critical aspect that would drive the growth of the industrial boilers market in the Asia Pacific region during the forecast period. In India, the market is expected to grow rapidly during the forecast period. The country's rapid industrialization has resulted in increased investment in a variety of areas, including automotive, agricultural, oil and gas, and renewable energy. Increasing demand for ecologically friendly and biodegradable packaging materials, as well as the country's increasing e-commerce industry, are expected to drive market growth throughout the forecast period.The manufacturing industry contributes significantly to the Indian economy's production, and chemical manufacturing is a critical area with roots in a wide range of end-use sectors. The primary growth drivers for the Indian chemical sector include demographic dividends, low per capita consumption, growing export demand and supporting government measures, and more FDIs. There are appealing commercial prospects in a variety of areas, including petrochemical intermediates, downstream petrochemicals, and specialty chemicals. As a result, the demand for boilers in India is constantly increasing. Europe accounted for around 31% of the market share in 2023 and is expected to grow at a CAGR of 4.1% during 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. However, 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.
In Central and South America, the market is estimated to grow a CAGR of 3.5% during the forecast period owing to increasing industrialization. Additionally, the increasing food and beverage industry is expected to increase demand for industrial boilers in developing nations, particularly Brazil.
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Global Boiler Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 17.33 Bn. Forecast Period 2024 to 2030 CAGR: 5.9% Market Size in 2030: US $ 25.89 Bn. 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 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 are:
1. A.O. Smith (US) 2. Parker Boiler (US) 3. Cleaver-Brooks, Inc. (US) 4. Thermax Inc (US) 5. Weil-McLain (US) 6. Fulton Boiler Works, Inc. (US) 7. General Electric (US) 8. Babcock & Wilcox Enterprises, Inc. (US) 9. BURNHAM COMMERCIAL BOILERS (US) 10. Hurst Boiler & Welding Co, Inc. (US) 11. Bryan Steam LLC (US) 12. Superior Boiler (US) 13. Vapor Power International LLC (US) 14. Siemens AG (Germany) 15. Cochran Ltd (UK) 16. John Wood Group plc (UK) 17. Vattenfall AB (Sweden) 18. Alfa Laval AB (Sweden) 19. Sofinter S.p.a (Iatly) 20. ANDRITZ AG (Austria) 21. ABB Ltd (Switzerland) 22. Bharat Heavy Electricals (India) 23. Forbes Marshall (India) 24. IHI Corporation (Japan) 25. Mitsubishi Hitachi Power Systems, Ltd. (Japan) 26. Kawasaki Heavy Industries Ltd (Japan) 27. Wuxi Zozen Boilers Co., Ltd (China) 28. Shanghai Electric (China) FAQs: 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 is the projected market size & growth rate of the Boiler Market? Ans. Boiler Market size was valued at USD 17.33 Bn. in 2023 and the total Boiler revenue is expected to grow at a CAGR of 5.9% from 2024 to 2030, reaching nearly USD 25.89 Bn. 5. What segments are covered in the Boiler Market report? Ans. The segments covered are Fuel Type, 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. Boiler Market: Dynamics 2.1. Boiler Market Trends by Region 2.1.1. North America Boiler Market Trends 2.1.2. Europe Boiler Market Trends 2.1.3. Asia Pacific Boiler Market Trends 2.1.4. Middle East and Africa Boiler Market Trends 2.1.5. South America Boiler Market Trends 2.2. Boiler Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Boiler Market Drivers 2.2.1.2. North America Boiler Market Restraints 2.2.1.3. North America Boiler Market Opportunities 2.2.1.4. North America Boiler Market Challenges 2.2.2. Europe 2.2.2.1. Europe Boiler Market Drivers 2.2.2.2. Europe Boiler Market Restraints 2.2.2.3. Europe Boiler Market Opportunities 2.2.2.4. Europe Boiler Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Boiler Market Drivers 2.2.3.2. Asia Pacific Boiler Market Restraints 2.2.3.3. Asia Pacific Boiler Market Opportunities 2.2.3.4. Asia Pacific Boiler Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Boiler Market Drivers 2.2.4.2. Middle East and Africa Boiler Market Restraints 2.2.4.3. Middle East and Africa Boiler Market Opportunities 2.2.4.4. Middle East and Africa Boiler Market Challenges 2.2.5. South America 2.2.5.1. South America Boiler Market Drivers 2.2.5.2. South America Boiler Market Restraints 2.2.5.3. South America Boiler Market Opportunities 2.2.5.4. South America Boiler Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Boiler Industry 2.8. Analysis of Government Schemes and Initiatives For Boiler Industry 2.9. Boiler Market price trend Analysis (2021-22) 2.10. Boiler Market Trade Analysis 2.10.1. Global Import Analysis 2.10.1.1. Top Importer of Boiler 2.10.2. Global Export Analysis 2.10.2.1. Top Exporter of Boiler 2.11. Boiler Production Analysis 2.12. The Global Pandemic Impact on Boiler Market 3. Boiler Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) 2023-2030 3.1. Boiler Market Size and Forecast, by Fuel Type (2023-2030) 3.1.1. Natural Gas & Biomass 3.1.2. Coal 3.1.3. Oil 3.1.4. Others 3.2. Boiler Market Size and Forecast, by Boiler Type (2023-2030) 3.2.1. Fire-Tube 3.2.2. Water-Tube 3.3. Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 3.3.1. 10-150 BHP 3.3.2. 151-300 BHP 3.3.3. 301-600 BHP 3.4. Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 3.4.1. Chemical 3.4.2. Food 3.4.3. Refineries 3.4.4. Metals & Mining 3.4.5. Others 3.5. Boiler Market Size and Forecast, by Region (2023-2030) 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.5. South America 4. North America Boiler Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 4.1. North America Boiler Market Size and Forecast, by Fuel Type (2023-2030) 4.1.1. Natural Gas & Biomass 4.1.2. Coal 4.1.3. Oil 4.1.4. Others 4.2. North America Boiler Market Size and Forecast, by Boiler Type (2023-2030) 4.2.1. Fire-Tube 4.2.2. Water-Tube 4.3. North America Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 4.3.1. 10-150 BHP 4.3.2. 151-300 BHP 4.3.3. 301-600 BHP 4.4. North America Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 4.4.1. Chemical 4.4.2. Food 4.4.3. Refineries 4.4.4. Metals & Mining 4.4.5. Others 4.5. North America Boiler Market Size and Forecast, by Country (2023-2030) 4.5.1. United States 4.5.1.1. United States Boiler Market Size and Forecast, by Fuel Type (2023-2030) 4.5.1.1.1. Natural Gas & Biomass 4.5.1.1.2. Coal 4.5.1.1.3. Oil 4.5.1.1.4. Others 4.5.1.2. United States Boiler Market Size and Forecast, by Boiler Type (2023-2030) 4.5.1.2.1. Fire-Tube 4.5.1.2.2. Water-Tube 4.5.1.3. United States Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 4.5.1.3.1. 10-150 BHP 4.5.1.3.2. 151-300 BHP 4.5.1.3.3. 301-600 BHP 4.5.1.4. United States Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 4.5.1.4.1. Chemical 4.5.1.4.2. Food 4.5.1.4.3. Refineries 4.5.1.4.4. Metals & Mining 4.5.1.4.5. Others 4.5.2. Canada 4.5.2.1. Canada Boiler Market Size and Forecast, by Fuel Type (2023-2030) 4.5.2.1.1. Natural Gas & Biomass 4.5.2.1.2. Coal 4.5.2.1.3. Oil 4.5.2.1.4. Others 4.5.2.2. Canada Boiler Market Size and Forecast, by Boiler Type (2023-2030) 4.5.2.2.1. Fire-Tube 4.5.2.2.2. Water-Tube 4.5.2.3. Canada Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 4.5.2.3.1. 10-150 BHP 4.5.2.3.2. 151-300 BHP 4.5.2.3.3. 301-600 BHP 4.5.2.4. Canada Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 4.5.2.4.1. Chemical 4.5.2.4.2. Food 4.5.2.4.3. Refineries 4.5.2.4.4. Metals & Mining 4.5.2.4.5. Others 4.5.3. Mexico 4.5.3.1. Mexico Boiler Market Size and Forecast, by Fuel Type (2023-2030) 4.5.3.1.1. Natural Gas & Biomass 4.5.3.1.2. Coal 4.5.3.1.3. Oil 4.5.3.1.4. Others 4.5.3.2. Mexico Boiler Market Size and Forecast, by Boiler Type (2023-2030) 4.5.3.2.1. Fire-Tube 4.5.3.2.2. Water-Tube 4.5.3.3. Mexico Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 4.5.3.3.1. 10-150 BHP 4.5.3.3.2. 151-300 BHP 4.5.3.3.3. 301-600 BHP 4.5.3.4. Mexico Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 4.5.3.4.1. Chemical 4.5.3.4.2. Food 4.5.3.4.3. Refineries 4.5.3.4.4. Metals & Mining 4.5.3.4.5. Others 5. Europe Boiler Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 5.1. Europe Boiler Market Size and Forecast, by Fuel Type (2023-2030) 5.2. Europe Boiler Market Size and Forecast, by Boiler Type (2023-2030) 5.3. Europe Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 5.4. Europe Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 5.5. Europe Boiler Market Size and Forecast, by Country (2023-2030) 5.5.1. United Kingdom 5.5.1.1. United Kingdom Boiler Market Size and Forecast, by Fuel Type (2023-2030) 5.5.1.2. United Kingdom Boiler Market Size and Forecast, by Boiler Type (2023-2030) 5.5.1.3. United Kingdom Boiler Market Size and Forecast, by Boiler Horsepower(2023-2030) 5.5.1.4. United Kingdom Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 5.5.2. France 5.5.2.1. France Boiler Market Size and Forecast, by Fuel Type (2023-2030) 5.5.2.2. France Boiler Market Size and Forecast, by Boiler Type (2023-2030) 5.5.2.3. France Boiler Market Size and Forecast, by Boiler Horsepower(2023-2030) 5.5.2.4. France Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 5.5.3. Germany 5.5.3.1. Germany Boiler Market Size and Forecast, by Fuel Type (2023-2030) 5.5.3.2. Germany Boiler Market Size and Forecast, by Boiler Type (2023-2030) 5.5.3.3. Germany Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 5.5.3.4. Germany Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 5.5.4. Italy 5.5.4.1. Italy Boiler Market Size and Forecast, by Fuel Type (2023-2030) 5.5.4.2. Italy Boiler Market Size and Forecast, by Boiler Type (2023-2030) 5.5.4.3. Italy Boiler Market Size and Forecast, by Boiler Horsepower(2023-2030) 5.5.4.4. Italy Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 5.5.5. Spain 5.5.5.1. Spain Boiler Market Size and Forecast, by Fuel Type (2023-2030) 5.5.5.2. Spain Boiler Market Size and Forecast, by Boiler Type (2023-2030) 5.5.5.3. Spain Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 5.5.5.4. Spain Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 5.5.6. Sweden 5.5.6.1. Sweden Boiler Market Size and Forecast, by Fuel Type (2023-2030) 5.5.6.2. Sweden Boiler Market Size and Forecast, by Boiler Type (2023-2030) 5.5.6.3. Sweden Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 5.5.6.4. Sweden Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 5.5.7. Austria 5.5.7.1. Austria Boiler Market Size and Forecast, by Fuel Type (2023-2030) 5.5.7.2. Austria Boiler Market Size and Forecast, by Boiler Type (2023-2030) 5.5.7.3. Austria Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 5.5.7.4. Austria Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 5.5.8. Rest of Europe 5.5.8.1. Rest of Europe Boiler Market Size and Forecast, by Fuel Type (2023-2030) 5.5.8.2. Rest of Europe Boiler Market Size and Forecast, by Boiler Type (2023-2030) 5.5.8.3. Rest of Europe Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 5.5.8.4. Rest of Europe Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6. Asia Pacific Boiler Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 6.1. Asia Pacific Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.2. Asia Pacific Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.3. Asia Pacific Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 6.4. Asia Pacific Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6.5. Asia Pacific Boiler Market Size and Forecast, by Country (2023-2030) 6.5.1. China 6.5.1.1. China Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.5.1.2. China Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.5.1.3. China Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 6.5.1.4. China Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6.5.2. S Korea 6.5.2.1. S Korea Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.5.2.2. S Korea Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.5.2.3. S Korea Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 6.5.2.4. S Korea Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6.5.3. Japan 6.5.3.1. Japan Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.5.3.2. Japan Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.5.3.3. Japan Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 6.5.3.4. Japan Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6.5.4. India 6.5.4.1. India Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.5.4.2. India Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.5.4.3. India Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 6.5.4.4. India Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6.5.5. Australia 6.5.5.1. Australia Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.5.5.2. Australia Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.5.5.3. Australia Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 6.5.5.4. Australia Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6.5.6. Indonesia 6.5.6.1. Indonesia Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.5.6.2. Indonesia Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.5.6.3. Indonesia Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 6.5.6.4. Indonesia Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6.5.7. Malaysia 6.5.7.1. Malaysia Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.5.7.2. Malaysia Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.5.7.3. Malaysia Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 6.5.7.4. Malaysia Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6.5.8. Vietnam 6.5.8.1. Vietnam Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.5.8.2. Vietnam Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.5.8.3. Vietnam Boiler Market Size and Forecast, by Boiler Horsepower(2023-2030) 6.5.8.4. Vietnam Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6.5.9. Taiwan 6.5.9.1. Taiwan Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.5.9.2. Taiwan Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.5.9.3. Taiwan Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 6.5.9.4. Taiwan Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 6.5.10. Rest of Asia Pacific 6.5.10.1. Rest of Asia Pacific Boiler Market Size and Forecast, by Fuel Type (2023-2030) 6.5.10.2. Rest of Asia Pacific Boiler Market Size and Forecast, by Boiler Type (2023-2030) 6.5.10.3. Rest of Asia Pacific Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 6.5.10.4. Rest of Asia Pacific Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 7. Middle East and Africa Boiler Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 7.1. Middle East and Africa Boiler Market Size and Forecast, by Fuel Type (2023-2030) 7.2. Middle East and Africa Boiler Market Size and Forecast, by Boiler Type (2023-2030) 7.3. Middle East and Africa Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 7.4. Middle East and Africa Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 7.5. Middle East and Africa Boiler Market Size and Forecast, by Country (2023-2030) 7.5.1. South Africa 7.5.1.1. South Africa Boiler Market Size and Forecast, by Fuel Type (2023-2030) 7.5.1.2. South Africa Boiler Market Size and Forecast, by Boiler Type (2023-2030) 7.5.1.3. South Africa Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 7.5.1.4. South Africa Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 7.5.2. GCC 7.5.2.1. GCC Boiler Market Size and Forecast, by Fuel Type (2023-2030) 7.5.2.2. GCC Boiler Market Size and Forecast, by Boiler Type (2023-2030) 7.5.2.3. GCC Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 7.5.2.4. GCC Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 7.5.3. Nigeria 7.5.3.1. Nigeria Boiler Market Size and Forecast, by Fuel Type (2023-2030) 7.5.3.2. Nigeria Boiler Market Size and Forecast, by Boiler Type (2023-2030) 7.5.3.3. Nigeria Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 7.5.3.4. Nigeria Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 7.5.4. Rest of ME&A 7.5.4.1. Rest of ME&A Boiler Market Size and Forecast, by Fuel Type (2023-2030) 7.5.4.2. Rest of ME&A Boiler Market Size and Forecast, by Boiler Type (2023-2030) 7.5.4.3. Rest of ME&A Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 7.5.4.4. Rest of ME&A Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 8. South America Boiler Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 8.1. South America Boiler Market Size and Forecast, by Fuel Type (2023-2030) 8.2. South America Boiler Market Size and Forecast, by Boiler Type (2023-2030) 8.3. South America Boiler Market Size and Forecast, by Boiler Horsepower(2023-2030) 8.4. South America Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 8.5. South America Boiler Market Size and Forecast, by Country (2023-2030) 8.5.1. Brazil 8.5.1.1. Brazil Boiler Market Size and Forecast, by Fuel Type (2023-2030) 8.5.1.2. Brazil Boiler Market Size and Forecast, by Boiler Type (2023-2030) 8.5.1.3. Brazil Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 8.5.1.4. Brazil Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 8.5.2. Argentina 8.5.2.1. Argentina Boiler Market Size and Forecast, by Fuel Type (2023-2030) 8.5.2.2. Argentina Boiler Market Size and Forecast, by Boiler Type (2023-2030) 8.5.2.3. Argentina Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 8.5.2.4. Argentina Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 8.5.3. Rest Of South America 8.5.3.1. Rest Of South America Boiler Market Size and Forecast, by Fuel Type (2023-2030) 8.5.3.2. Rest Of South America Boiler Market Size and Forecast, by Boiler Type (2023-2030) 8.5.3.3. Rest Of South America Boiler Market Size and Forecast, by Boiler Horsepower (2023-2030) 8.5.3.4. Rest Of South America Boiler Market Size and Forecast, by End-Use Industry (2023-2030) 9. Global Boiler Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Production of 2023 9.3.6. Company Locations 9.4. Leading Boiler Market Companies, by market capitalization 9.5. Analysis of Organized and Unorganized Key Players in Boiler Industry 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. A.O. Smith (US) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Parker Boiler (US) 10.3. Cleaver-Brooks, Inc. (US) 10.4. Thermax Inc (US) 10.5. Weil-McLain (US) 10.6. Fulton Boiler Works, Inc. (US) 10.7. General Electric (US) 10.8. Babcock & Wilcox Enterprises, Inc. (US) 10.9. BURNHAM COMMERCIAL BOILERS (US) 10.10. Hurst Boiler & Welding Co, Inc. (US) 10.11. Bryan Steam LLC (US) 10.12. Superior Boiler (US) 10.13. Vapor Power International LLC (US) 10.14. Siemens AG (Germany) 10.15. Cochran Ltd (UK) 10.16. John Wood Group plc (UK) 10.17. Vattenfall AB (Sweden) 10.18. Alfa Laval AB (Sweden) 10.19. Sofinter S.p.a (Iatly) 10.20. ANDRITZ AG (Austria) 10.21. ABB Ltd (Switzerland) 10.22. Bharat Heavy Electricals (India) 10.23. Forbes Marshall (India) 10.24. IHI Corporation (Japan) 10.25. Mitsubishi Hitachi Power Systems, Ltd. (Japan) 10.26. Kawasaki Heavy Industries Ltd (Japan) 10.27. Wuxi Zozen Boilers Co., Ltd (China) 10.28. Shanghai Electric (China) 11. Key Findings 12. Industry Recommendations 13. Boiler Market: Research Methodology 14. Terms and Glossary