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Fire Tube Low Temperature Industrial Boiler Market Size
Fire Tube Low Temperature Industrial Boiler Market was valued at USD 651.2 million in 2023 and is projected to grow at a CAGR of over 4.3% from 2024 to 2032. Aging industrial infrastructure in key emerging economies combined with growing modernization of existing boilers units will augment the industry growth. Escalating investment in innovation of boiler design with efficient technological systems along with development of more durable and corrosion-resistant components in these systems will complement the business outlook.
A fire tube low-temperature industrial boiler is a type of boiler where hot gases from combustion pass through tubes surrounded by water. This process heats the water, which then circulates to provide heat or steam for various industrial applications. Increasing environmental awareness in line with rising need toward adoption of cleaner and sustainable energy solutions, thereby proliferating the product penetration. Moreover, ongoing technological advancements in condensing technologies in association with incorporation of advanced control systems to improve performance, efficiency, and user comfort will energize the demand for industrial boiler.
Report Attributes | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 651.2 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 4.3% |
2032 Value Projection: | USD 959.1 Million |
Historical Data for: | 2021 to 2023 |
No. of Pages: | 140 |
Tables, Charts & Figures: | 45 |
Segments covered: | Temperature, Capacity, Fuel, Technology, Application & Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Fire Tube Low Temperature Industrial Boiler Market Trends
The industry is poised for significant growth driven by the rising demand for energy-efficient and low-emission heating solutions in various industrial operations. Growing requirement of precise and consistent temperatures for food processing in tandem with escalating investment in product design, their quality, and compliance with energy efficiency standards will foster the business scenario. Additionally, strict environmental mandates toward deployment of low-emission boilers in conjunction with government incentives and industry initiatives aimed at reducing carbon footprints will stimulate the demand for low temperature industrial boilers.
Fire Tube Low Temperature Industrial Boiler Market Analysis
The > 160°F - 180°F fire tube low temperature industrial boiler industry is set to surpass over USD 400 million by 2032. These temperature boilers are designed for food processing, pharmaceuticals, and certain chemical processes where the ability to precisely control the temperature is crucial for product quality and process efficiency. Paradigm shift toward adoption of energy-efficient and environmentally friendly boiler systems in line with integration of these units with renewable energy source will bolster the business dynamics.
Moreover, growing focus to reduce emissions and improve sustainability along with incorporation of IoT systems which enables remote monitoring, predictive maintenance, reducing downtime and improving operational efficiency, which in turn will positively influence the industry potential.
The chemical fire tube low temperature industrial boiler market size will witness growth rate of over 3.5% through 2032, owing to strict environmental regulations aimed at reducing emissions of pollutants and integration of advanced management systems. Ongoing adoption of enhanced safety features in modern fire tube boilers comprising of automatic shut-off mechanisms and advanced monitoring systems to meet stringent safety standards prevalent in the chemical industry, thereby propelling the business landscape. Furthermore, surging demand of chemical products in various applications including pharmaceuticals, agrochemicals and specialty chemicals in line with increasing necessity for efficient and reliable heating solutions will encourage the industry outlook.
Asia Pacific fire tube low temperature industrial boiler market will exceed over USD 500 million by 2032. The region is experiencing substantial growth on account of rapid industrialization and economic growth in key geographies. The ongoing urbanization and construction boom in the region in line with increasing need for industrial boilers in sectors including cement, steel, and construction materials, where low-temperature heating is often required, which in turn will energize the industry penetration. Moreover, growing investments in the construction of new manufacturing facilities combined with ongoing government initiatives promoting energy efficiency will drive the adoption of advanced boiler technologies.
U.S. fire tube low temperature industrial boiler market is anticipated to witness significant growth due to their stringent environmental standards and adoption of renewable energy sources as part of the energy transition policies. Growing use of cleaner fuels including natural gas in boilers to meet regulatory requirements and reduce environmental impact coupled with upgradation of traditional boiler units with efficient boilers will positively sway the business dynamics. In addition, the country has implemented stringent emission measures including U.S. Environmental Protection Agency and state-level regulatory bodies toward adoption of cleaner heating units in association with continuous innovation in boiler technologies including heat transfer efficiency and emission control will escalate the industry growth.
Fire Tube Low Temperature Industrial Boiler Market Share
Miura America deals in the manufacturing and sales of boilers, maintenance, marine equipment, special equipment, aquatics, water softening, medical, environmental business, food processing, and heating & energy solutions. The company’s product & solutions spectrum is divided into six main segments consisting of steam boilers, water softeners, chemical treatment, ancillaries, hot water, and Miura service. It offers an extensive range of steam, gas, and oil-fired boilers for various commercial and industrial uses. Miura America Co’s Miura service segment delivers preventive maintenance and online maintenance solutions for complete protective measures against corrosion, scale, and other problematic conditions.
Fire Tube Low Temperature Industrial Boiler Market Companies
The key industry players include:
- Babcock Wanson
- Burnham Commercial Boilers
- Cannon S.p.A
- Clayton Industries
- Cleaver-Brooks
- EPCB Boiler
- FERROLI S.p.A
- Fulton
- Hoval
- Hurst Boiler & Welding Co, Inc.
- IHI Corporation
- Johnston Boiler
- Miura America Co., LTD.
- Rentech Boilers
- Sellers Manufacturing Co.
- Superior Boiler
- Thermax Limited
- Thermodyne Engineering Systems
- Victory Energy Operations, LLC
- Walchandnagar Industries Ltd. (WIL)
Fire Tube Low Temperature Industrial Boiler Industry News
- In May 2024, Miura America and Daikin Industries formed a strategic capital and business partnership. Daikin will purchase more than 4% stake in Miura, while Miura will acquire a 49% market share in Daikin Applied Systems, a Daikin subsidiary. This partnership is intended to harness the combined strengths of both companies' business networks, products, technologies, and services, with the potential to influence up to 50% of energy consumption in individual factories across multiple industries.
- In January 2023, Babcock Wanson expanded its portfolio by acquiring Parat, a leading European provider of high-voltage boilers, and PBS Power Equipment. These strategic acquisitions have bolstered Babcock Wanson's market position across Europe, enhancing its expertise and global customer base. This move aligns with the company's goal of becoming a leader in industrial decarbonization solutions.
This fire tube low temperature industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” “MMBtu/hr” & “USD Million” from 2021 to 2032, for the following segments:
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Market, By Temperature
- ≤ 120°F
- > 120°F - 140°F
- > 140°F - 160°F
- > 160°F - 180°F
Market, 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
Market, By Fuel
- Natural Gas
- Oil
- Coal
- Others
Market, By Technology
- Condensing
- Non-Condensing
Market, By Application
- Food Processing
- Pulp & Paper
- Chemical
- Refinery
- Primary Metal
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Poland
- Italy
- Spain
- Austria
- Germany
- Sweden
- Russia
- Asia Pacific
- China
- India
- Philippines
- Japan
- South Korea
- Australia
- Indonesia
- Middle East & Africa
- Saudi Arabia
- Iran
- UAE
- Nigeria
- South Africa
- Latin America
- Argentina
- Chile
- Brazil
Frequently Asked Questions (FAQ) :