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Boiler Market Share

Report ID: GMI1866
Published Date: Feb 2023
Report Format: PDF

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Boiler Market Share

The competitive landscape of the boiler market comprises companies such as

Weil-McLain
Victory Energy Operations
Victory Energy Operations
Thermal Solutions
The Fulton Companies
Slant/Fin Corporation
Mitsubishi Heavy Industries
John Cockerill
General Electric
Clayton Industries
Bradford White Corporation
Bosch Industriekessel
Babcock & Wilcox Enterprises
Atlantic Boilers
Atlantic
Ariston Holding
AERCO
ACV
A. O. Smith

These firms are focusing on expanding product reach and entering merger and acquisition deals to reinforce their market presence.

For instance, in January 2023, Clayton Industries supported the Midwest corrugation plan with the installation of 600 hp E series commercial boilers of 150 to 2,000 horsepower. This boiler developed with custom steam solutions was introduced with features including fired steam generators, containerizing, skid mounting, and fully modulated automatic controls. This strategy is anticipated to enable the company to accelerate its presence in the industry.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of boiler crossed USD 92.4 billion in 2023 and is projected to register over 7.6% gains through 2032, owing to the introduction of strict regulations to mitigate carbon footprint.

The natural gas segment is slated to depict over 7.5% CAGR between 2023 and 2032, on account of the implementation of stringent government norms to curb emissions.

APAC held over 30% of the revenue share in 2022, due to the rising focus on production facility expansion and the positive outlook for the manufacturing sector.

Key players in the global industry include Weil-McLain, Thermal Solutions, Mitsubishi Heavy Industries, John Cockerill, General Electric, Clayton Industries, Bradford White Corporation, Atlantic, Ariston Holding, AERCO, ACV, and A. O. Smith, among others.