Europe Steam Boiler Market Analysis

The ≤ 10 MMBtu/hr capacity steam boiler market in Europe is poised to register nearly 6.5% gains between 2023 and 2032, driven by the low operational costs of these boilers. Additionally, some of the other imperative boiler features, including reduced energy costs, and better comfort are further defining the business scenario in favor of these boilers. The growing demand for ≤ 10 MMBtu/hr steam boilers can also be credited to surging government initiatives to attain energy optimization. As per IEA, the government of France is expected to invest over €1 billion (USD 1.05 billion) in renewable energy innovation projects as part of the France 2030 national investment plan.
 

Steam boiler market in Germany accounted for around 20% of the revenue share in 2022. The country is commonly characterized by its harsh winters, which effectively results in a particularly high demand for space heating in this economic hub. Germany also has a growing tourism sector, which has created a strong impetus for the market from the nation’s F&B and hospitality industries. Moreover, increasing investments towards the development of the region’s pulp & paper, chemical, and food processing markets is also providing ample business opportunities in the segment.