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Europe Steam Boiler Market Size

Report ID: GMI5470
Published Date: Nov 2024
Report Format: PDF

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Europe Steam Boiler Market Size

The Europe steam boiler market size was valued at USD 4.5 billion in 2024 and is estimated to grow at a CAGR of 5.7% from 2025 to 2034. The growing adoption of these units for space heating in various commercial and industrial establishments will drive the industry expansion. Additionally, rising disposable incomes along with improving living standards, particularly in cold climatic regions will accelerate the industry growth. For instance, the investments across Germany’s commercial sector exceed USD 10 billion in the first half of 2024.

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A steam boiler is a heating device that generates heat using various fuels. It comprises a heat source and a heat transfer medium with a heat exchanger and facilitates water reaching its boiling point. It is a critical component in various industrial processes, power generation, and heating systems. These boilers operate by heating water to its boiling point, converting it into steam under pressure. The produced steam can then be used for diverse applications.

Europe Steam Boiler Market Report Attributes
Report Attribute	Details
Base Year:	2024
Europe Steam Boiler Market Size in 2024:	USD 4.5 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	5.7%
2034 Value Projection:	USD 7.9 Billion
Historical Data for:	2021 - 2024
No. of Pages:	100
Tables, Charts & Figures:	8
Segments covered:	Fuel, Capacity, Technology, Application and Country
Growth Drivers:	Positive outlook toward the healthcare sector Increasing demand for space heating in commercial buildings Replacement of the existing heating units with energy-efficient systems
Pitfalls & Challenges:	High initial investment

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for steam boiler in Europe reached USD 4.5 billion in 2024 and is set to grow at a 5.7% CAGR from 2025 to 2034, driven by the growing adoption of these units for space heating in commercial and industrial establishments.

The commercial segment is anticipated to grow at a CAGR of over 6.5% through 2034, influenced by urbanization and stringent emission regulations.

Germany's market is set to cross USD 1.2 billion by 2034, supported by a national energy policy and growth in the tourism sector.

The key players in the industry include Atlantic Boilers, Babcock & Wilcox Enterprises, Babcock Wanson, Bosch Industriekessel, Clayton Industries, Cleaver-Brooks, Cochran, Columbia Boiler Company, Doosan Heavy Industries & Construction, FERROLI, Fulton, Forbes Marshall, Hoval, Hurst Boiler & Welding Co.