Gas Fired Condensing Low Temperature Industrial Boiler Market

Gas Fired Condensing Low Temperature Industrial Boiler Market Size

The global gas fired condensing low temperature industrial boiler market was valued at USD 170.3 million in 2024 and is expected to reach USD 288.2 million by 2034, growing at a CAGR of 5.5% from 2025 to 2034. The ongoing upgradation of aging industrial infrastructure combined with the rapid adoption of smart boiler systems will create a favorable industry scenario.

Increased investments in innovative and high-efficiency boiler technologies in association with the incorporation of durable & corrosion-resistant materials design will augment the business landscape. The rising focus on sustainable development as well as an increasing need for clean and green energy technologies are boosting the consumption of these boilers.

The global shift toward implementation of economic development growth and energy policies along with growing adoption of smart building management systems will influence the industry outlook. Continuous advancements in boiler technology including digital monitoring solutions and combustion control systems will energize the product adoption.

Expansion of natural gas infrastructure and increasing demand for lower return water temperature operation in association with adoption of modulating burners for precise load matching will escalate the business outlook. Moreover, expansion of circular economy practices will positively influence the gas fired condensing low temperature industrial boiler market penetration.

Increasing demand for hot water boilers in the food processing industry in tandem with integration of combined heat and power systems will stimulate the business momentum. Companies are investing in R&D to develop next-generation boilers with ultra-low emissions, modular designs, and improved thermal efficiency, which will further elevate the demand for industrial boilers.

Gas Fired Condensing Low Temperature Industrial Boiler Market Trends

The expansion of various industrial sectors along with the increase in energy-efficient and low-emission heating solutions is set to drive the boiler industry. The implementation of new technologies such as low temperature industrial boilers will be supported by government incentives while emissions will be controlled by environmental policies.

Increasing industrialization, urbanization and infrastructure development in emerging economies in tandem with a rising need for reliable heating solutions will amplify the business dynamics. Furthermore, government-mandated gasification of industrial heating will additionally improve the gas fired condensing low temperature industrial boiler market opportunities.

Government across emerging economies are enforcing strict energy performance standards and compelling industries to transition to high-efficiency boilers, thereby proliferating business potential. Moreover, advancements in condensing technology paired with the integration of advanced control systems will enhance the industry growth.

Rising investments in large-scale industrial infrastructure projects and development of new energy-efficient boiler plants in urban areas in line with expansion of AI-assisted energy load forecasting tools will enhance the gas fired condensing low temperature industrial boiler market outlook. In addition, the advancement in design of industrial boilers together with the fast-paced economic growth of key emerging countries will improve the business environment.

These boilers are known for their ability to achieve high thermal efficiencies by utilizing latent heat from exhaust gases. Moreover, the demand for compact, modular, and easily retrofittable units is rising, allowing industries to upgrade their existing heating infrastructure without extensive modifications, which in turn will enhance the business scenario.

Gas Fired Condensing Low Temperature Industrial Boiler Market Analysis

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• The gas fired condensing low temperature industrial boiler industry was estimated at USD 150.5, 159.9 and 170.3 million in 2022, 2023 and 2024 respectively. Based on temperature, the industry is segmented into ≤ 120°F, > 120°F - 140°F, > 140°F - 160°F and > 160°F - 180°F. These units are progressively driven by reduced lifetime costs along with government stimulus driven sectoral energy efficiency initiatives.
  
• The ≤ 120°F gas fired condensing low temperature industrial boiler market is expected to grow at a CAGR of over 6% till 2034. These units are primarily utilized in specific low temperature applications, such as space heating and some food processing operations, where precise temperature control must be exercised.
  
• For instance, Vermont state policymakers made some adjustments to emission standards in boiler systems under its Air Pollution Control Regulations which they set forth in 2022. This indicates a movement toward developing supportive green policies for this shift.
  
• The > 120°F - 140°F gas fired condensing low temperature industrial boiler market is projected to reach over USD 25 million by 2034. The increasing focus on energy-efficient technologies in line with the seamless integration of boilers into renewable energy systems will augment the business growth.
  
• The > 140°F - 160°F gas fired condensing low temperature industrial boiler has dominated market share of over 30% in 2024. These boilers are built to serve multi-purposed industries such as food, chemical, refinery, etc. This is where exact temperature guidance is needed in order to maximize productivity and maintain the quality of the product being produced.
  
• For instance, during the COP28 summit in 2023, almost 200 nations reached a milestone agreement for the first time to increase the rate of energy efficiency enhancements across the globe by 2030. This agreement was set to expedite decarbonization, economic development, energy diversification, and enhance innovation in working efficiency.
  
• The > 160°F - 180°F gas fired condensing low temperature industrial boiler market is expected to grow at a CAGR of over 5% from 2025 to 2034. The integration of IoT sensors in these boilers enables monitoring and maintenance to be performed in real-time. This abolishes downtime while further improving efficiency, thus enhancing the dynamics of the industry.

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• Based on application, the industry is segmented into food processing, pulp & paper, chemical, refinery, primary metal and others. The chemical segment accounted for over 22.9% revenue share in 2024, owing to strict environmental codes and mandates focused on emission reductions & the adoption of advanced management systems.
  
• The pulp & paper gas fired condensing low temperature industrial boiler market will project at a CAGR of over 5% by 2034. The industry depends on high efficiency steam boilers for drying, bleaching, and chemical pulping processes. Stiff price of energy, environmental concerns, and stringent emission control policies from government agencies will, in their totality, raise the need for these units.
  
• For citation, in 2022, the pulp and paper industry saw substantial growth as Asia Pulp & Paper secured approval to establish a paper-making unit in Raigad. It is backed by a USD 2.3 billion investment, the Sinar Mas Pulp and Paper project aimed to boost India's productivity in the sector.
  
• Food processing gas fired condensing low temperature industrial boiler market will witness an upsurge owing to rising demand for processed and packaged food and rapid expansion of food processing facilities. In addition, aging plants are replacing traditional boilers with modern condensing systems that deliver better performance, and reduced emissions will proliferate the industry potential.
  
• The refinery gas fired condensing low temperature industrial boiler projected to grow at a CAGR of over 5% up to 2034. These types of boilers are used to process heating, crude thermal fluid heating and oil distillation. Modern boilers are equipped with innovative and advanced safety features, automated shutdown capabilities, and sophisticated monitoring tools ensuring compliance with rigorous safety standards & enhancing operational reliability, which in turn will propel the business dynamics.
  
• For instance, in August 2024, the Food and Drug Administration's food code conceptually introduced the Food Safety Modernization Act at the state level. This legislation reflects the states' commitment to enhancing regulatory control and improving food industry safety.
  
• The primary metal gas fired condensing low temperature industrial boiler market dominated over 15% revenue share in 2024. These boilers are an ideal solution for processes including preheating, cleaning, annealing, and other temperature-sensitive operations. Furthermore, increasing demand for these condensing boilers to operate efficiently at low and medium temperatures across metal-specific applications including coating, drying, and cleaning will accelerate industry penetration.

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• U.S. gas fired condensing low temperature industrial boiler market was valued at USD 26.3, 28.3, 29.8 million in 2022, 2023 and 2024 respectively. The country will project over USD 45 million by 2034. Aging industrial facilities are progressively modernizing their heating systems by incorporating advanced boilers with enhanced control features and superior fuel efficiency, which will accelerate product adoption.
  
• North America gas fired condensing low temperature industrial boiler market will witness at a CAGR of over 5.5% till 2034. The region is witnessing significant growth on account of implementing stringent energy efficiency regulations and target to combat climate change. Increasing use of corrosion-resistant polymers in low temperature systems coupled with expansion of high-altitude industrial projects will escalate the business growth.
  
• For illustration, investments in the U.S. energy manufacturing sector are expected to exceed USD 230 billion, supporting the development of over 920 new or expanded production facilities in 2025. This is set strengthen the domestic supply chains and drive the transition toward a more sustainable energy future.
  
• The Europe gas fired condensing low temperature industrial boiler market was valued over USD 80 million in 2024. This increase in urban developments along with an increase in construction involving steel, cement and material manufacturing will further deepen the industry penetration. In addition, heightened focus on decreasing carbon emissions will further improve the business prospects.
  
• For citation, in February 2024, Germany’s commitment to achieving net-zero emissions by 2045, as mandated by the parliament, government, and constitutional court, will inevitably involve significant decarbonization costs for its citizens.
  
• The Asia Pacific gas fired condensing low temperature industrial boiler market is set to reach over USD 60 million by 2034. The region is set for substantial growth propelled by rapid industrialization and supportive government initiatives & regulations. Growing awareness of environmental sustainability in tandem with expanding urban centers and infrastructure projects will drive business growth.
  
• The Indian infrastructure sector has planned an investment of USD 1.4 trillion in 2025, especially in energy sector. Suppling green energy, electric grid development, and adopting eco-friendly practices will help in fulfilling demand further boosting the economy in the long run.
  
• The Middle East & Africa gas fired condensing low temperature industrial boilers market is poised to grow at a CAGR of over 6% in 2034. Increasing investment in industrial-scale water desalination plants, rising demand for cybersecurity-enhanced boiler automation, and the expansion of government-backed energy efficiency funds will strengthen the business landscape.
  
• For instance, to enhance water security and bolster infrastructure, Saudi Arabia has set aside nearly USD 80 billion for desalination development over the next decade. The nation's desalination capacity is anticipated to meet both industrial and municipal demands, reaching 8.5 million cubic meters per day.
  
• The Latin America gas fired condensing low temperature industrial boiler indusry will gain an appreciable momentum owing to rising focus toward localized industrial manufacturing hubs demanding high-capacity boilers. Moreover, the robust expansion of national industrialization programs, will drive the industry growth.
  

Gas Fired Condensing Low Temperature Industrial Boiler Market Share

• The top 5 players including IHI Corporation, Babcock & Wilcox, ALFA LAVAL, Bosch Industriekessel, and Viessmann together holds share of about 40% in the gas fired condensing low temperature industrial boiler industry. ALFA LAVAL developed a collaboration to further improve heating solutions while prioritizing energy consumption and sustainability.
  
• Babcock Wanson partnered with Energisme for the smart boiler integration with a data management platform. This improved both security and reliability of the equipment. They were also able to enhance energy efficiency and environmental performance optimizations along predictive maintenance. Furthermore, the new solution increased operational efficiency with lowered production downtime.
  
• The growth in advanced boiler technology will further strengthen Viessmann’s position as an industry leader. The addition operates at the cutting edge of market development by improving the efficiency of heating systems, optimizing energy usage, and minimizing emissions. Moreover, the firm is looking to grow their customized offerings to cover a host of industrial applications.
  

Gas Fired Condensing Low Temperature Industrial Boiler Market Companies

• ALFA LAVAL reported USD 6.3 billion in net sales in 2024. The order intake of the company increases by 7% to USD 7.1 billion in 2024. Furthermore, the net income of the company reached 705.6 million in 2024, a 16.5% increase from the previous year
  
• Thermax has reported USD 860.9 million in revenue in 2024 (9 months). The company deals in industrial products, industrial infra, green solutions and chemical segments. Among the segments, its industrial products segment generated USD 355.1 million in revenue in 2024 (9 months).
  
• Babcock & Wilcox Enterprises reported USD 651.1 million in 2024 (9 months). The company focuses on R&D to advance clean energy, emissions control, and high-efficiency boiler technologies. The company generated USD 3.7 million in the first three months of 2024, a 19.4% increase from the last year.
  

Major players operating in the gas fired condensing low temperature industrial boiler industry are:

• ALFA LAVAL
• Babcock & Wilcox
• Babcock Wanson
• Clayton Industries
• Cleaver-Brooks
• EPCB Boiler
• Fulton
• Hurst Boiler & Welding
• IHI Corporation
• Johnston Boiler
• Miura America
• Rentech Boilers
• Thermax
• Thermodyne Boilers
• Victory Energy Operations
  

Gas Fired Condensing Low Temperature Industrial Boiler Industry News

• In July 2024, Babcock & Wilcox has received a contract for the replacement of renewable energy boilers in Asia. New installations involving the addition of new pressure components and water-cooled wear patches, secondary air delivery systems, and water-stock removal systems to increase production efficiency and capacity together with emission reduction is included in the scope of work. Furthermore, the company will render supplementary advice during the construction and initial operational start-up phases.
  
• In July 2024, Thermax Energy Solutions won a contract worth USD 61 million from a leading industrial group to supply two 550-ton CFBC boilers for an integrated energy project in Botswana. TBWES bore full responsibility for the project scope, which included design, manufacturing, testing, engineering, and supervision of the boilers. The project will establish a 300 MW power station which will greatly increase the energy output of the national utility, further cementing Thermax’s reputation as a global leader in energy infrastructure solutions.
  
• In March 2023, Fulton has introduced a new model in its existing range of steam boilers, the classic vertical steam boiler unit, which has a steam output capacity of 100 to 300 kW coupled with an operating pressure of 10.34 Barg. This modern apparatus is oil, gas and Propane/LPG burnable, and operates with efficiency as high as 84%. The apparatus is ruggedly built to perform and last for extended periods of time, which makes it ideal for most industrial tasks due to its flexibility of being cost efficient.
  
• In January 2023, Babcock Wanson purchased Parat and PBS Power Equipment to broaden its industrial boiler scope. Norwegian-based Parat possesses deep knowledge of high voltage boilers and PBS Power Equipment specializes in boiler systems. These acquisitions strengthen its foothold in Europe and improve the company’s ability to address changing customer demands in the context of the energy transition.
  

The gas fired condensing low temperature industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units), Capacity (MMBTU/hr) & revenue (USD Million) from 2021 to 2034, 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 Product

• Fire-Tube
• Water-Tube

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