Europe Fire Tube Industrial Boiler Market Size - By Technology (Condensing, Non-Condensing), By Fuel (Natural Gas, Oil, Coal), By Application (Food Processing, Pulp & Paper, Chemical, Refinery, Primary Metal), By Capacity & Forecast, 2024 – 2032

Europe Fire Tube Industrial Boiler Market Size

Europe Fire Tube Industrial Boiler Market was valued at USD 714.3 million in 2023 and is anticipated to register 3.3% CAGR from 2024 to 2032. The ongoing industrial expansion, especially in sectors comprising of manufacturing, and food processing, has been proven to be responsible for driving the demand for reliable and efficient heating solutions.
 

Stringent energy efficiency regulations and emission standards will encourage the adoption of energy-efficient boilers to reduce greenhouse gas emissions and lower operating costs. This has led to the development of more fuel-efficient and environmentally friendly boilers with reduced emissions. Furthermore, the replacement of old and less efficient boilers with new high efficiency boilers has contributed to the shaping of the demand curve for the industrial boiler market.

COVID– 19 Impact

The COVID-19 pandemic has caused a severe economic downturn and has had a significant impact on certain sectors. Industrial activities were greatly reduced, leading to a decreased demand for the boiler market. Likewise, manufacturing facilities faced challenges such as a shortage of labor, transportation restrictions, and lockdown measures, which disrupted the supply chain.
 

Europe Fire Tube Industrial Boiler Market Trends

Industrial sector across the Europe, particularly those in sectors including manufacturing and heating, heavily depend on a consistent and efficient supply of hot water and steam. These industrial boilers play a pivotal role in meeting the commercial sector's substantial demand for reliable heating and steam generation. Moreover, the ongoing surge in construction projects, encompassing residential buildings, manufacturing plants, and infrastructure developments, has been able to project a positive impact on the industry. The Europe’s strict environmental regulations have been met by more eco-friendly and efficient boiler systems as a result of ongoing innovations in boiler technology.
 

Europe Fire Tube Industrial Boiler Market Analysis

Based on capacity, the  < 10 MMBtu/hr boiler market will witness 3.7% growth rate from 2023 to 2032. Wide scale utilization of these units across small & medium-scale facilities will propel the business growth. The implementation of rigorous emission standards to reduce carbon emissions, combined with initiatives aimed at achieving energy efficiency, will have a favorable impact on the industry's prospects. Furthermore, continuous advancements in technology related to combustion control, materials, and heat exchange design are bolstering the efficiency and dependability of industrial boilers.
 

Based on fuel, the oil-fired boiler industry holds a share of over 20% in 2022. These boilers are preferred by the industrialists as industries require high temperature heat and precision control. Oil as a fuel will witness an increase in demand owing to price volatilities and safety concerns. High calorific value and abundant availability of fuel supply are some of the prominent benefits favoring the deployment of oil-fired boilers.
 

Based on technology, the condensing boiler industry is set to surpass USD 400 million by 2032. Increased emphasis on energy efficiency and environmental concerns will positively sway the Europe boiler market. These boilers are known for their high energy efficiency, as they recover heat from flue gases that would otherwise be wasted.
 

Based on application, the market is segmented as food processing, pulp & paper, chemical refinery, primary metal, and others. Surging industrialization and increasing investments toward the expansion of manufacturing facilities will drive the business outlook. The participation of private players and government for the development and expansion of industrial buildings will create a favorable industry scenario.
 

• The UK fire tube industrial boiler market was valued at USD 189.7 million in 2022. Ongoing technological advancements in combustion control, materials, and heat exchange design have enhanced the efficiency and reliability of smaller industrial fire tube boilers. Moreover, rowing environmental concerns and corporate sustainability goals drive the transition to cleaner and more efficient boiler technologies.
   
• The enactment and effective implementation of government regulations for controlling pollution has led to an upsurge in the replacement of traditional heating systems. The formulation of effective regulations by the European Union toward carbon emissions has led to an upsurge in the replacement of conventional heating systems which in turn will fuel the product adoption.
   

Europe Fire Tube Industrial Boiler Market Share

Major participants in the European fire tube industrial boiler business employ various strategies to maintain and bolster their market positions. These strategies are often shaped by factors such as competition, technological advancements, regulatory changes, and evolving customer tastes. The major players operating across the market include:

• Cleaver-Brooks
• Hurst Boiler & Welding Co
• The Fulton Companies
• Babcock Wanson
• Johnston Boiler
• Thermodyne Engineering Systems
• Clayton Industries
• Rentech Boilers
• Cannon Bono Energia
• Hoval
• Bosch Industriekessel GmbH
• Viessmann
• Saacke
• AC Boilers S.p.A.
• Selnikel
• Tedom
• Forbes Marshall
• ICI Caldaie

Europe Fire Tube Industrial Boiler Market News:

• In June 2022, Hoval's announced that their UltraGas 2 gas condensing boiler received certification to operate with up to 20% hydrogen in natural gas, aligning with future EU-wide legislation for sustainable heating. This boiler can also operate with up to 100% biomethane, meeting upcoming environmental requirements. Its compact design is well-suited for renovation projects.
   
• In February 2023, Babcock Wanson announced that Meantime Brewing in London replaced its existing 2.5-tonne boiler with a 4-tonne Babcock Wanson BWD40 Fire Tube Boiler. This new boiler installation, part of a refurbishment aimed at increasing capacity and reducing the brewery's carbon footprint. The BWD40 was chosen for its high efficiency, long life, and low-cost maintenance, making it an ideal heat source for the brewery's operations, which include wort production and packaging. The new boiler also complies with emissions standards, such as the Medium Combustion Plant Directive (MCPD).
   

This Europe fire tube industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBtu/hr” & “USD” from 2019 to 2032, for the following segments:

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By Capacity

• < 10 MMBtu/hr
• 10-25 MMBtu/hr
• 25-50 MMBtu/hr
• 50-75 MMBtu/hr
• > 75 MMBtu/hr

By Technology

• Condensing
• Non-Condensing

By Fuel

• Natural Gas
• Oil
• Coal
• Others

By Application

• 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