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

Europe Industrial Boiler Market Size

Europe Industrial Boiler Market size was valued at over USD 2.4 billion in 2023 and is estimated to witness 3.6% CAGR from 2024 to 2032. Industrial boilers are vessels used to generate heat water or steam for heating purposes in industries & several other processes. Growing focus toward upgradation of traditional heating systems with energy efficient and high-performance units in line with strict regulatory norms to limit carbon emissions will drive the industry growth. In addition, rising demand for steam & heat across various industries along with introduction of advanced energy-efficient boilers will fuel the industry scenario.
 

Strict government measures toward extreme climatic conditions and curb greenhouse gas emissions in line with enlarging spending in economic growth will foster the industry trend. A shifting trend toward development of industrial facilities coupled with rising demand for heating systems will augment the industry dynamics. Furthermore, increasing adoption of efficient steam generation technologies in line with rising investment across industrialization will positively influence the business outlook.

COVID– 19 Impact

The COVID- 19 widespread has affected overall industrial boiler industry on account of a considerable obstruct in manufacturing facilities across the region. The demand for the boilers was influenced due to a cease in industrial facilities. However, the relaxation over the pandemics along with the continuous development in R&D schemes for the support of advanced boilers designs will foster the industry scenario. Moreover, government measures and programs for a sustainable heating unit in line with growing infrastructural development will complement the industry landscape.
 

Europe Industrial Boiler Market Analysis

Based on product, the Europe industrial boiler market is segmented as fire-tube and water-tube. The water-tube boiler was valued at over 600 million in 2022. This system utilizes steam or water, which circulates in the tubes and heat the gases surrounding its outside. The rising installation of energy efficient systems across the industries comprising of pulp & paper, food processing, and chemical owing to safe and secure operations with low maintenance will drive the product penetration. The ongoing investments across industrial sector that aim to drive superior heating facilities coupled with replacements of traditional heating units with higher capacity boiler will further proliferate the industry dynamics.
 

Continuous development of industrial facilities in line with the growing installation of energy efficient boiler component will propel the industry trends. For instance, in November 2021, B&W Renewable, the company’s subsidiary, was awarded a contract worth approximately USD 58 million to supply, design, and innovate combustion grates, waste-to-energy boilers, and other ancillaries for a waste-to-energy power plant in Europe. Moreover, the technology will be used to generate more power for the equivalent of over 95,000 residentials and notably to reduce landfill methane emissions.
 

Based on application, the market is segmented as food processing, pulp & paper, chemical, refinery, primary metal and others. The food processing application was valued at over 240 million in 2022.  Increasing disposable income and shifting consumer focus toward processed food items will accelerate the industry potential. The surging installation of clean & sustainable energy power generation facilities along with ongoing digitization in heating operations will proliferate the product demand. Furthermore, a positive outlook toward the development effective and efficient design in line with the rising focus on reliable business operation of boilers units will further encourage the industry landscape.
 

Based on capacity, the Europe industrial boiler market is segmented as 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. The 100 - 175 MMBtu/hr capacity of industrial boiler market size will witness a CAGR of over 3.9% through 2032. Increasing applicability of these units across refineries and pulp & paper industry will foster the business landscape. Growing focus toward expansion of manufacturing facilities in line with continuous investments across industrial sector will positively sway the development of these units. Moreover, the rapid integration of renewable energy along with government shift toward advancements in various industries will augment the industry potential.
 

The 175 - 250 MMBtu/hr capacity industrial boiler market share is projected to gain momentum on account of flourishing industrialization establishment and strict government norms on energy conservation. Surging demand for steam or heat at various phases of refinery operations in line with the growing penetration of high-capacity heating units will positively accelerate the industry outlook. Additionally, increasing investment from the public & private players to expand manufacturing sector along with the rising concern to curb carbon emissions.
 

Based on technology, the Europe industrial boiler market is segmented as condensing and non-condensing. The condensing industrial boiler market will upsurge owing to enhancement in high-capacity boilers, escalating infrastructural development, and rapid industrialization. Growing consumer awareness toward clean energy power generation and deployment of highly efficient heating will complement the industry growth. Moreover, ongoing technological advancements on account of effective designs and high operational ability will also reinforce the business scenario.
 

Based on fuel, the Europe industrial boiler market is segmented as natural gas, oil, coal and others. The oil-fired industrial boiler is set to surpass USD 900 million by 2032. Surging installation of advanced boiler units coupled with increasing spendings across the industrial sector. The soaring demand for efficient heating systems along with low-cost product insertion will propel the business scenario. Paradigm shift toward modern heating facilities in line with high-capacity power generation will escalate the product deployment. Moreover, ongoing upgradation of traditional boilers with highly efficient boilers units followed by innovative technologies and designs will drive the business landscape.
 

The UK industrial boiler hold a market share of about 10% in 2022. The industry is estimated to surpass USD 300 million by 2032. Increasing infrastructure spending toward enlargement of refining capacity in line with rising demand for refined food has instituted a favorable business scenario. Growing foreign direct investment toward industrialization sector coupled with strong macroeconomic measures will foster the industry scenario. The ongoing replacement of conventional heating units along with escalating requirements for steam & heat across industrial operations will drive the industry outlook.
 

Europe Industrial Boiler Market Share

The major companies are focusing on marketing strategies, technological advancements, brand recognition and economies of scale to meet the competition prevailing in the industry. The key industry market players include

• Babcock & Wilcox Enterprises
• The Fulton Companies
• Hurst Boiler & Welding Co
• IHI Corporation
• Doosan Corporation
• Clayton Industries
• John Cockerill
• Bosch Industriekessel GmbH
• John Wood Group PLC
• Cochran
• Forbes Marshall
• Siemens
• Mitsubishi Heavy Industries
• Miura America Co.
• General Electric
• Sofinter
• Rentech Boilers
• Thermax Limited
• Hoval
• Viessmann
• FERROLI S.p.A
   

Europe Industrial Boiler Market News

• In January 2022, Mitsubishi Heavy Industries and JERA received a contract to manage project development & demonstration of technology to enhance the co-firing rate of the coal-fired boilers. The objective is to build an ammonia single-fuel burner for coal-fired boilers to exhibit the burner operations. The project is estimated to be completed by 2028.
   
• In January 2021, Hurst Boiler launched an advanced Hurst EGO Series 3-Fuel Boiler. The EGO series provides steam volume and more water as compared to the conventional boiler design. It terminates the downtime on switching back from electricity from gas activities. This boiler includes a Stackmaster Economizer to reduce greenhouse gas emissions and maximize efficiency.
   

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

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By Product

• Fire-Tube
• Water-Tube

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

By Application

• Food Processing
• Pulp & Paper
• Chemical
• Refinery
• Primary Metal
• Others

By Technology

• Condensing
• Non-Condensing

By Fuel

• Natural Gas
• Oil
• Coal
• Others

The above information has been provided for the following countries:

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