Gas Fire Tube Industrial Boiler Market – By Capacity (< 10 MMBtu/hr, 10 - 25 MMBtu/hr, 25 - 50 MMBtu/hr, 50 - 75 MMBtu/hr, > 75 MMBtu/hr), By Application, By Technology & Forecast, 2024 – 2032

Gas Fire Tube Industrial Boiler Market Size

Gas Fire Tube Industrial Boiler Market size in 2023 was valued at USD 780.9 million and is set to grow at a CAGR of 5.2% between 2024 and 2032. Paradigm shift toward cleaner energy sources along with advancement in boiler technology including reducing emissions and improving efficiency will augment the business landscape.
 

Rapid industrialization across key economies in line with increasing investment in energy infrastructure will propel the industry potential. For instance, in December 2022, revisions were implemented across different sectors of the Vermont Air Pollution Control Regulations, specifically targeting the control of emissions of air contaminants stemming from boiler systems.
 

A gas fire tube industrial boiler is a system that uses natural gas or other gaseous fuels to generate heat for industrial processes. Stringent environmental compliances to improve energy efficiency coupled with enhancement and upgradation of existing boiler systems will positively influence the market size. There is growing emphasis on energy-efficient technology heating systems in line with integration of digital technologies in boilers will stimulate the product penetration. Furthermore, continuous expansion and refurbishment of industries in conjunction with need for reliable and efficient steam generation systems will propel the industrial boiler market.
 

Gas Fire Tube Industrial Boiler Market Trends

The industry is set to witness upsurge on account of their efficiency, cost-effectiveness, and relatively simple operation. Continuous advancement in boiler technology systems comprising of heat exchangers, advanced combustion systems, and integration with digital controls will drive the demand for fire tube industrial boiler. The widespread availability and relatively low cost of natural gas in key geographies along with growing efforts to curb carbon emissions will foster the business outlook.
 

Gas Fire Tube Industrial Boiler Market Analysis

The 50 - 75 MMBtu/hr capacity gas fire tube industrial boiler industry will exceed USD 300 million by 2032. This range of industrial boiler are designed to achieve high thermal efficiency, often incorporating advanced heat recovery systems including economizers and condensing technology. Growing integration of smart control systems enable real time monitoring predictive maintenance and enhanced operational efficiency will accelerate the industry outlook. Continuous investment by the key industry players to upgrade their existing boiler systems to meet new efficiency standards and environmental regulations will drive the demand for these units.
 

The chemical gas fire tube industrial boiler market is anticipated to grow at a CAGR of over 5% through 2032. The industry is anticipated to witness on account of requiring substantial amount of steam and hot water for various processes. Increasing investment in infrastructure in the chemical industry in emerging economies along with installation of new and efficient boiler systems will positively sway the business landscape. In addition, continuous spending in retrofitting and modernizing their existing boiler systems to improve efficiency and meet the new regulatory standards will in turn foster the product adoption.
 

Asia Pacific gas fire tube industrial boiler market is set to surpass USD 350 million by 2032. The region is witnessing substantial growth on account of rapid industrialization and urbanization across key geographies. Growing focusing on energy efficiency and emission reduction targets in line with increasing investment in infrastructure development projects comprising of power generation, food processing, and chemical will influence the market penetration. Moreover, increasing focus toward clean energy transition to reduce carbon emission and combat climate change will fuel the product deployment across the region.
 

U.S. market is set to witness an upsurge on account of their ability to achieve high thermal efficiency, which translates to lower fuel consumption and operating costs. The Environmental Protection Agency and other regulatory bodies enforce strict emission standards aimed at reducing pollutants from industrial sources, thereby enhancing product deployment. Continuous investment in infrastructure projects including new industrial facilities and power plants will drive the product demand.
 

Gas Fire Tube Industrial Boiler Market Share

Viessmann is a manufacturer of intelligent, comfortable, efficient systems for cooling, heating, refrigeration systems, air conditioning, and decentralizing power supply. The company operates through three divisions, refrigeration system, heating system, and industrial system. Industrial boiler falls under the industrial system division, which also includes steam boilers and wood combustion systems. It offers solar thermal systems with vacuum tubes & flat plate collectors, heating solutions, gas-fired non-condensing & condensing heating technology solutions, wood-fired boilers, advanced biomass heating & control technology solutions, storage tanks, indirect-fired domestic hot water tanks and controls.
 

Gas Fire Tube Industrial Boiler Market Companies

The key industry players include:

• Babcock Wanson
• Bosch Industriekessel GmbH
• California Boiler
• Clayton Industries
• Cleaver-Brooks
• Fulton
• Hoval
• Hurst Boiler & Welding Co, Inc.
• Indeck Power Equipment Company
• Johnston Boiler
• Miura America Co., LTD.
• Thermax Limited
• Thermodyne Boilers
• Urjex Boilers Private Limited
• Victory Energy Operations, LLC
• Viessmann
   

Gas Fire Tube Industrial Boiler Industry News

• In February 2024, Miura is proud to announce the launch of the groundbreaking Miura Care Program. This comprehensive preventative boiler maintenance program, developed in partnership with Hartford Steam Boiler (HSB). Through this collaboration, Miura and its representatives aim to deliver Complete Steam Solutions that emphasize safety, reliability, efficiency, and environmental sustainability. In addition, leveraging advanced Internet of Things (IoT) technology, the Miura Care Program excels in both preventive and predictive maintenance, setting a new standard in boiler care.
   
• In January 2023, Babcock Wanson acquired Parat and PBS Power Equipment. Parat, a Norwegian company, is a manufacturer and designer of high voltage boilers and PBS Power Equipment, is specialized in industrial boiler solutions. Babcock Wanson's acquisitions of Parat and PBS Power Equipment represent a strategic consolidation aimed at strengthening its position in the European industrial boiler market and enhancing its capabilities to address the evolving needs of customers in the energy transition era.
   

The gas fire tube 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 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

Market, By Technology

• Condensing
• Non-Condensing

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