Europe Boiler Market Size - 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, Electric), By Application, By Country Outlook & Forecast, 2024 – 2032

Europe Boiler Market Size

Europe Boiler Market was valued at USD 48.8 billion in 2023 and is estimated to grow at a CAGR of over 8.1% from 2024 to 2032. Robust development in manufacturing industries coupled with increasing infrastructural investments is set to bolster the business outlook. According to the World Bank, global infrastructure investment needs are projected to reach over USD 90 trillion by 2040, further driving the growth in the sector.
 

The boilers are essential components in various settings used primarily for heating and generating steam. The produced steam or hot water is then circulated through pipes to provide heating for buildings, power turbines for electricity generation and support different processes. Proper maintenance and regular inspections are crucial for ensuring the longevity and efficiency of boilers, as well as for preventing potential hazards such as explosions or carbon monoxide leaks.
 

Europe Boiler Market Trends

Governments use policy interventions, environmental regulations, trade facilitation and technological advancements to support industries in meeting increasing domestic demand and expanding into international markets, thus fostering the boiler market. Additionally, government schemes and funding designed to enhance domestic manufacturing have positioned various countries as attractive destinations for new investments, positively impacting the industry dynamics.
 

Europe Boiler Market Analysis

The ≤ 10 MMBtu/hr boiler market will exceed over USD 80 billion by 2032. Increasing applicability of these units across residential building and small scale commercial establishments will drive the industry growth. Increasing disposable income along with improving living standard of consumers will foster the industry landscape. The introduction of tax incentives to promote the adoption of energy-efficient technologies that consume less fuel and deliver high energy will increase the product penetration.
 

The electric fired boiler market size will witness growth rate of over 10.5% by 2032. Growing predominance of single family households along with stringent government initiatives toward zero emission buildings will stimulate the industry scenario. Ongoing replacement of traditional heating systems with advanced boiler units will accelerate the industry potential. The replacement demand for boilers is particularly strong across nations where the age of boiler stock is close to or over the average operating life.
 

The France boiler market is set to surpass USD 12 billion by 2032. Introduction of various government policies to phase out fossil fuels in the heating & cooling industry will significantly strengthen market growth. Continuous development of new buildings along with extensive investments across the industrial sector will favor the business scenario. The expansion of the existing retail centers and robust development of refineries and metal mining industries will fuel the product penetration.
 

Extensive investment by the public players toward development of manufacturing plants and shifting government focus toward decarbonization will energize the UK boiler market. Stringent norms for the development of green buildings coupled with the ongoing replacement of traditional boiler systems with condensing technology will escalate business growth. Flourishing tourism sector across the various nations has led to robust deployment of boilers for steam generation and pool heating in hotels and spas, accelerating the industry potential.
 

Europe Boiler Market Share

Bosch Industriekessel GmbH is renowned for its high-quality industrial boiler systems. The company has established itself as a leader in the field of industrial heating technology. It offers a comprehensive range of boiler solutions, including steam boilers, hot water boilers, and waste heat boilers, designed to meet the diverse needs of various industries. These boilers are characterized by their robust construction, energy efficiency, and advanced control technology, ensuring reliable and environmentally friendly operation.
 

Europe Boiler Market Companies

The key industry players include:

• A.O. Smith
• ACV
• Ariston Holding
• Atlantic Boilers
• Babcock & Wilcox
• Babcock Wanson
• BDR Thermea Group
• Bosch Industriekessel
• Bradford White Corporation
• Carrier
• Clayton Industries
• DAIKIN INDUSTRIES
• Doosan Heavy Industries & Construction
• FERROLI
• Forbes Marshall
• Hurst Boiler & Welding
• IHI Corporation
• John Wood Group
• Lennox International
• Mitsubishi Heavy Industries
• Miura America
• PARKER BOILER
• Rentech Boilers
• The Fulton Companies
• Thermax Limited
• Vaillant Group
• Vattenfall
• Weil-McLain
   

Europe Boiler Industry News

• In February 2023, Weil-McLain has introduced its 2023 Department of Energy-compliant commercial product lineup, showcasing improved boiler efficiencies. This portfolio includes the upgraded LGB Steam Series 3 and 88 Water Series 3 boilers, which offer advanced features that exceed regulatory standards, setting new benchmarks for performance, reliability, and service life in the industry.
   
• In January 2023, Babcock Wanson has acquired the Parat, one of the leaders in medium & high voltage boilers and the PBS Power Equipment, a prominent European manufacturer of boiler solutions. These acquisitions bolster the company to lead its position in the European market and support goal of becoming a top provider of decarbonization solutions for the industrial sector. The additions have enabled the company to expand its market share and enhance its customer base.
   

This Europe boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Capacity

• ≤ 10 MMBtu/hr
• > 10 - 50 MMBtu/hr
• > 50 - 100 MMBtu/hr
• > 100 - 250 MMBtu/hr
• > 250 MMBtu/hr

Market, By Fuel

• Natural Gas
• Oil
• Coal
• Electric
• Others

Market, By Application

• Residential
• Commercial
  • Offices
  • Healthcare Facilities
  • Educational Institutions
  • Lodgings
  • Retail Stores
  • Others
• Industrial
  • Food Processing
  • Pulp & Paper
  • Chemical
  • Refinery
  • Primary Metal
  • Others

The above information has been provided for the following countries:

• France
• UK
• Poland
• Italy
• Spain
• Austria
• Germany
• Sweden
• Russia