Gas Fired Water Tube Chemical Boiler Market – By Capacity, By Technology and Forecast, 2025 – 2034

Gas Fired Water Tube Chemical Boiler Market Size

The global gas fired water tube chemical boiler market was valued at USD 463.4 million in 2024 and is estimated to grow at a CAGR of 4.2% from 2025 to 2034.
 

The increasing shift toward cleaner energy solutions combined with advanced boiler technologies designed to minimize emissions and maximize efficiency will stimulate the industry outlook. Accelerated industrialization and urban growth along with burgeoning investments in energy infrastructure will further fuel the business potential. For instance, global energy-related CO2 emissions rose by 1.1% in 2023, increasing 410 Mt to reach a new record high of 37.4 Gt.
 

A gas fired water tube chemical boiler is an industrial heating system that uses natural gas or other gaseous fuels to generate heat for producing steam or hot water. Its design features water flowing through tubes, which are surrounded by hot combustion gases. Strict environmental standards promoting energy efficiency in line with the upgradation of aging boiler systems will escalate the business dynamics. Moreover, the ongoing expansion and technological upgrades of industrial facilities in association with the increasing demand for dependable steam generation solutions will drive the demand of the chemical boiler.
 

Gas Fired Water Tube Chemical Boiler Market Trends

The industry is experiencing substantial growth propelled by stringent environmental regulations aimed at curbing greenhouse gas emissions. Rising energy costs and a global shift toward cleaner energy sources will foster product penetration. Furthermore, robust economic growth and industrial development in emerging markets coupled with ongoing advancements in boiler technology will sway the demand for water tube chemical boiler. The rising preference for highly efficient heating solutions in tandem with the incorporation of smart technologies in boiler systems will further bolster the industry scenario.
 

Gas Fired Water Tube Chemical Boiler Market Analysis

The < 10 MMBTU/hr rated market will exceed USD 200 million by 2034. These boilers are meticulously designed to deliver maximum efficiency in smaller-scale applications, driving down operational expenses and fuel usage. The growing need for energy-efficient and environmentally friendly heating systems combined with the adoption of advanced smart control technologies will positively sway the industry landscape. Furthermore, increased investments from both public and private sectors to enhance boiler performance in compliance with updated environmental standards and efficiency benchmarks will complement the business outlook.
 

The non-condensing gas fired water tube chemical boiler market size will witness a growth at a CAGR of over 4% through 2034. The industry is experiencing strong growth driven by the superior energy efficiency and reduced GHG emissions associated with advanced boiler technologies. The increasing adoption of digitalization and automation across industrial operations coupled with the integration of cutting-edge control systems will encourage the industry penetration. Moreover, the expansion of small and medium-sized enterprises within the chemical sector in conjunction with a heightened emphasis on cost optimization will drive the industry scenario.
 

U.S. gas fired water tube chemical boiler market is set to reach over USD 160 million by 2034. The nation's industrial sector is experiencing dynamic growth, propelled by a strong focus on energy-efficient solutions. Government incentives, groundbreaking technological advancements, and the modernization of industrial infrastructure will strengthen the adoption of these heating units. Innovations including improved combustion systems and cutting-edge heat exchangers along with federal & state-level rebates and incentive programs will further boost the business growth.
 

Asia Pacific gas fired water tube chemical boiler market is experiencing substantial growth owing to escalating energy costs and stringent environmental policies. The push toward cleaner technologies coupled with supportive government measures aimed at reducing emissions will amplify the industry landscape. Moreover, rapid urbanization and the expansion of industrial zones in association with the growing incorporation of renewable energy solutions into boiler systems will fuel the product penetration.
 

Gas Fired Water Tube Chemical Boiler Market Share

The competition in the gas-fired water tube chemical boiler market is characterized by a mix of established global manufacturers and regional players offering a range of products with varying specifications. Key competitors focus on technological advancements aimed at improving energy efficiency, reducing emissions, and meeting regulatory requirements. Price sensitivity and customer preferences for tailored solutions intensify competition as companies seek to differentiate through superior service, innovation, and cost-effective solutions.
 

Gas Fired Water Tube Chemical Boiler Market Companies

Major players operating in the gas fired water tube chemical boiler industry are:

• Alfa Laval
• Babcock & Wilcox
• Babcock Wanson
• Bosch Industriekessel
• Clayton Industries
• Cleaver-Brooks
• Cochran
• Forbes Marshall
• Hoval
• Hurst Boiler & Welding
• Kawasaki Thermal Engineering
• Miura America
• Rentech Boiler Systems
• SUPERIOR BOILER
• Thermax
• Thermodyne Boilers
• Victory Energy Operations
• Viessmann
   

Gas Fired Water Tube Chemical Boiler Industry News

• In March 2024, Babcock & Wilcox’s thermal division secured a USD 246 million contract for a gas conversion project at a North American power plant. The project entails converting the plant's two coal-fired boilers (totaling over 1,000 MW) to natural gas. Under the agreement, Babcock & Wilcox has received a limited notice to proceed, with the full contract notice expected in the fourth quarter of 2024.
   
• In January 2024, Victory Energy Operations strengthened its partnership with Powerhouse Combustion & Mechanical Corporation, designating them as the authorized sales representative for the entire range of Victory Energy products. This includes firetube boilers, water tube boilers, HRSGs, economizers, VISION burners, and rental units across California and Nevada.
   

The gas fired water tube chemical 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 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 Technology

• Condensing
• Non-condensing

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Turkiye
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Argentina