Home > Energy & Power > Electrical Equipment > Boilers > Asia Pacific Low Temperature Industrial Boiler Market
Asia Pacific Low Temperature Industrial Boiler Market Size
Asia Pacific Low Temperature Industrial Boiler Market size was valued at USD 1.2 billion in 2023 and is estimated to grow at a rate of 5.1% between 2024 and 2032. The rising industrial activities and urbanization rates particularly in developing economies will drive the deployment of these heating technologies. For instance, in 2023, the production intensity within the manufacturing sector reached over 40% across China.
A low temperature industrial boiler is a boiler system designed to operate at temperatures below 180°F. These boilers are commonly used in industrial environments where the processes do not require very high temperatures. They are engineered with a focus on efficiency and safety, often featuring advanced controls, superior insulation, and heat recovery systems to optimize energy efficiency and reduce environmental impact.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 1.2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5.1% |
| 2032 Value Projection: | USD 1.9 Billion |
| Historical Data for: | 2021 – 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Temperature, Fuel, Capacity, Technology, Product, Application & Country |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Asia Pacific Low Temperature Industrial Boiler Market Trends
Increasing demand for water and space heating systems driven by population growth and urbanization is set to boost the boiler market. Supportive government policies aimed at enhancing energy efficiency will further spur the industry expansion. Additionally, the growing trend of industrialization along with a preference for efficient steam generation systems will contribute to the positive outlook for the business scenario.
Asia Pacific Low Temperature Industrial Boiler Market Analysis
The > 140°F - 160°F temperature segment will reach over USD 600 million by 2032. The prevalence of these systems is primarily seen in industrial facilities including manufacturing plants, primary metal industries, paper and pulp mills, and refineries. The adoption and stringent enforcement of government regulations aimed at pollution control have fueled a rise in replacing conventional heating systems which in turn will enhance the industry prospects.
The fire tube low temperature industrial boiler market size will witness growth rate of over 4.5% through 2032. The growing need for specialty chemicals and changing consumer tastes favoring processed food products have led to a notable increase in investments in new production facilities, fueling the business dynamics. Furthermore, the food and beverage sector has experienced substantial growth owing to changing consumption trends and increased disposable incomes, thereby rejuvenating the industry prospects.
The China low temperature industrial boiler market is set to surpass USD 900 million by 2032. The increasing popularity of affordable heating systems combined with a greater acceptance of low-emission units is set to propel the adoption of these technologies. The rising demand supported by ongoing advancements in boiler controls, designs and automation is enhancing efficiency, safety, and overall effectiveness. Consequently, industries are increasingly motivated to invest in state-of-the-art systems.
Growing emphasis on energy efficiency and environmental sustainability along with shifting consumer focus to limit carbon emissions will fuel the South Korea China low temperature industrial boiler industry. Increasing spending toward the development of industrial infrastructure along with ongoing modernization of existing facilities will drive the business outlook. Robust manufacturing base in line with improved living standards will further energize the industry dynamic.
Asia Pacific Low Temperature Industrial Boiler Market Share
Groupe Atlantic is one of the leaders in the industrial boiler sector, renowned for its innovation and commitment to sustainability. With a rich history spanning over five decades, the company has continually pushed the boundaries of technological advancement in heating solutions. Their industrial boilers are known for their efficiency, reliability, and adherence to stringent safety standards.
Through a combination of cutting-edge engineering and a focus on environmental responsibility, Its boilers offer optimal performance while minimizing carbon footprint. Whether it's for large-scale industrial facilities or commercial enterprises, Groupe Atlantic provides tailored solutions to meet the diverse needs of their clients, ensuring comfort, efficiency, and environmental stewardship.
Asia Pacific Low Temperature Industrial Boiler Market Companies
The key industry players include:
- Babcock and Wilcox Enterprises, Inc.
- Bharat Heavy Electricals Limited
- Cleaver-Brooks
- Doosan Heavy Industries & Construction.
- FERROLI S.p.A
- FONDITAL S.p.A.
- Groupe Atlantic
- Hurst Boiler and Welding Co, Inc.
- IHI Corporation
- John Wood Group PLC
- Mitsubishi Heavy Industries, Ltd.
- Miura America Co., LTD.
- The Fulton Companies
- Thermax Limited
- WM Technologies LLC
Asia Pacific Low Temperature Industrial Boiler Industry News
- In May 2023, the company has launched of its ECO Tec Series 2 high-efficiency residential boiler. It is specifically crafted to meet the rigorous demands of residential replacement applications coupled with ECO Tec Series 2 boasts a 95% AFUE rating, making it one of the most energy-efficient residential boilers. In addition, this launch has strengthened its product offerings in residential applications along with strong market share across the world.
- In January 2022, Hoval has introduced its latest advancement, the UltraGas 2 series, showcasing state-of-the-art gas condensing boilers. This new range provides the adaptability to incorporate hydrogen as a green alternative fuel, with the goal of reducing carbon emissions. Particularly noteworthy is the design of the gas-fired models, engineered for seamless conversion to hydrogen, ensuring readiness for changing energy demands in the future. Furthermore, the UltraGas 2 series is engineered to accommodate biomethane, further elevating its sustainability features.
The Asia Pacific low temperature industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD Million” from 2021 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Temperature
- ≤ 120°F
- > 120°F - 140°F
- > 140°F - 160°F
- > 160°F - 180°F
Market, By Product
- Fire Tube
- Water Tube
Market, By Capacity
- < 10 MMBtu/hr
- 10 - 25 MMBtu/hr
- 25 - 50 MMBtu/hr
- 50 - 75 MMBtu/hr
- 75 - 100 MMBtu/hr
- 100 - 175 MMBtu/hr
- 175 - 250 MMBtu/hr
- > 250 MMBtu/hr
Market, By Fuel
- Natural Gas
- Oil
- Coal
- Others
Market, By Technology
- Condensing
- Non-Condensing
Market, By Application
- Food Processing
- Pulp & Paper
- Chemical
- Refinery
- Primary Metal
- Others
The above information has been provided for the following countries:
- China
- India
- Philippines
- Japan
- South Korea
- Australia
- Indonesia
Frequently Asked Questions (FAQ) :