Europe Industrial Hot Water Boiler Market Size - By Fuel (Natural Gas, Oil, Coal), By Technology (Condensing, Non-Condensing), By Capacity, By Application, By Country Outlook & Forecast, 2024 – 2032

Europe Industrial Hot Water Boiler Market Size

Europe Industrial Hot Water Boiler Market was valued at USD 303.4 million in 2023 and is anticipated to grow at 4% CAGR between 2024 and 2032. Rapid industrialization along with flourishing manufacturing sector will positively impact the industry landscape. For instance, in 2023, the investments in manufacturing sector across the UK witnesses a growth rate of over 5%, when compared to previous year.
 

An industrial hot water boiler is a specialized heating system designed to generate hot water for various industrial processes and applications. These boilers are typically larger and more robust than other hot water heaters and are specifically engineered to meet the high demands of industrial settings. These boilers play a crucial role in industrial applications for providing hot water for heating, cleaning, sterilization, and other processes.
 

COVID– 19 Impact

The market for industrial hot water boilers has been greatly affected by COVID-19, with economic downturns leading to disruptions in the supply chain and widespread lockdowns,  resulting into decline in industrial activity and investment. Consequently, there has been a decrease in new installations owing to reduced demand and project delays across various sectors comprising of manufacturing, hospitality and construction.
 

Europe Industrial Hot Water Boiler Market Trends

The demand for hot water boilers continued to grow owing to increasing consumer focus toward reducing their energy consumption and carbon emissions. The environmental concerns and regulations have driven the adoption of sustainable and green technologies in industrial heating systems, accelerating the industry potential. Moreover, collaboration between private enterprises & government to enhance the development and enlargement of industrial facilities will escalate the business growth.
 

Europe Industrial Hot Water Boiler Market Analysis

The gas fired boiler market holds a share of over 35% in 2023. The product offers key benefits including cost-efficiency, accessibility, and reduced carbon emissions when compared to alternative fossil fuels. The growing emphasis on mitigating greenhouse gas emissions and transitioning toward cleaner energy sources will augment the business landscape. Regulatory authorities are putting into effect policies and offering incentives to encourage the adoption of natural gas while reducing dependence on coal and oil in industrial operations, thereby injecting vitality into the industry outlook.
 

The 10 - 25 MMBtu/hr industrial boiler market is set to witness over 4% CAGR through 2032. These boilers are relatively easier to maintain, and their smaller capacity makes them rather cost effective. Furthermore, their operating temperature is quicker, providing on-demand hot water and reducing the need for continuous heating which in turn will offer significant opportunities for business expansion.
 

The condensing industrial hot water boiler market was reached USD 140 million in 2023. The industry's prospects are set to improve owing to strict government regulations aimed at reducing carbon emissions and a growing consumer preference for energy-efficient heating technologies. Moreover, manufacturers are developing advanced boiler systems with features including digital control systems, advanced materials, and improved combustion technologies, making them more attractive for wide tandem of industrial applications.
 

The Italy boiler market is set to surpass USD 30 million by 2032. The industry has witnessed surge in demand owing to increasing deployment of boilers as rapid urbanization has led to industrial growth. Furthermore, strong emphasis on corporate sustainability coupled with escalating environmental concerns will foster the adoption of heating technologies.
 

Europe Industrial Hot Water Boiler Market Share

Cleaver-Brooks is a renowned manufacturer of industrial boiler systems. The company offers a wide range of boiler solutions, including firetube boilers, water tube boilers, electric boilers, and more. Cleaver-Brooks continues to be a prominent player in the boiler industry, providing reliable and environmentally conscious heating solutions.
 

Europe Industrial Hot Water Boiler Market Companies

Some of the key players operating across the industry include:

• Acme Engineering Products
• ACV
• Babcock Wanson
• Bosch Industriekessel
• Cleaver-Brooks
• Cochran
• Danstokar A/S
• Ecotherm Austria GmbH
• Hoval
• Hurst Boiler & Welding Co.
• IHI Corporation
• Klöpper-Therm GmbH
• KOSPEL
• PARAT Halvorsen AS
• Slant/Fin Corporation
• The Fulton Companies
• Thermax Limited
• Thermon
• Viessmann
• Weishaupt
   

Europe Industrial Hot Water Boiler Industry News

• In June 2023, Cleaver-Brooks announced that their condensing boiler SwitchFire was named "Most Valuable Product of the Year" by industry professionals in Consulting-Specifying Engineer magazine. This boiler excels with natural gas and oil, particularly in healthcare applications that require a redundant fuel source. It enhances operating efficiency and is adaptable to various hydronic systems.
   
• In January 2023, Babcock Wanson announced that Parat has joined them in forming the top European manufacturer and servicer of industrial boilers. They are committed to be the pan-European leader in energy transition solutions for manufacturing industries. Parat, based in Norway, specializes in electric boilers and plays a crucial role in decarbonizing industrial processes through electrode technology, particularly in electrical grid regulation and industrial decarbonization. This strategic move enhances their position in the boiler market.
   

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

Click here to Buy Section of this Report

Market, By Fuel

• Natural Gas
• Oil
• Coal
• Others

Market, By Technology

• Condensing
• Non-Condensing

Market, By Capacity

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

Market, 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