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Europe Steam Boiler Market Share

Report ID: GMI5470
Published Date: Mar 2023
Report Format: PDF

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Europe Steam Boiler Market Share

Some prominent Europe steam boiler market players include

The Fulton Companies
Miura America Co.
Clayton Industries
FERROLI
Babcock & Wilcox Enterprises
Hurst Boiler & Welding Co
Hoval
VIESSMANN

Many of these firms are emphasizing of mergers and acquisitions to enhance their industry position in a relatively quick manner. Citing an instance, in January 2023, Babcock Wanson, a UK-based manufacturer of industrial boilers, announced its acquisition of Parat, a leader in high-voltage boiler segment, and PBS Power Equipment, a market leader in boiler solutions based out of Europe.

The acquisition is expected to help Babcock Wanson strengthen its pan-European industry position for energy transition and turn it into a market leader in decarbonization of the industrial space.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

In 2023, the market size of Europe steam boiler crossed USD 4.2 billion and is slated to grow at over 6% gains through 2032, on account of strict policies for green building development.

The ? 10 MMBtu/hr capacity segment is anticipated to grow at over 6.5% CAGR between 2023 and 2032, driven by the low operational costs of these boilers.

Where is Germany steam boiler industry growth expected to come from? Germany accounted for more than 20% of the revenue share in 2022, increasing investments towards the development of the region’s pulp & paper, chemical, and food processing markets will drive the regional growth through 2032.

The list of major players includes in the global industry are Mitsubishi Heavy Industries, Thermax Limited, Babcock Wanson, PARKER BOILER, Forbes Marshall, General Electric, and John Wood Group, among others.