Gas Fueled Fire Tube Chemical Boiler Market Size – By Capacity, By Technology, Analysis, Share, Growth Forecast, 2024 – 2032

Gas Fueled Fire Tube Chemical Boiler Market Size

The global gas fueled fire tube chemical boiler market was valued at USD 297.5 million in 2023 and is estimated to grow at a CAGR of 5% between 2024 and 2032. The increasing focus on energy efficient systems coupled with robust advancements in boiler units aimed at reducing emissions and improving efficiency will stimulate the industry landscape. The ongoing industrialization and urbanization in emerging economies, along with rising investments in energy infrastructure will drive the business dynamics.
 

A gas fueled fire tube chemical boiler is a type of industrial boiler used primarily in the chemical industry to generate steam or hot water. It operates by burning natural gas or other gaseous fuels within the furnace of the boiler to produce heat. Stringent environmental regulations focusing on energy efficiency along with the upgrading of existing boiler systems will proliferate the business growth. The growing emphasis on energy-efficient heating technologies combined with the integration of advanced digital solutions in boiler units will boost product adoption. Furthermore, robust industrial expansion in association with rising demand for reliable steam generation units will positively impact the chemical boiler market.
 

Gas Fueled Fire Tube Chemical Boiler Market Trends

The industry is set for substantial growth propelled by supportive environmental policies and regulations aimed at reducing greenhouse gas emissions. Growing utilization of these systems across various application including heating, sterilization and processing in chemical industry coupled with a transition toward cleaner energy systems will strengthen the industry scenario. Rapid economic expansion and growing industrialization across key regions along with ongoing advancements in boiler technology, are further accelerating the adoption of fire tube chemical boilers.
 

Gas Fueled Fire Tube Chemical Boiler Market Analysis

The < 10 MMBtu/hr capacity gas fueled fire tube chemical boiler industry will reach over USD 140 million by 2032, owing to the rising demand for efficient & small-scale steam generation solutions in the chemical industry. The shift toward environmentally friendly heating systems in conjunction with the adoption of smart control technologies will energize the industry landscape. Furthermore, burgeoning investments by key industry manufacturers toward modernization of boiler capabilities in line with new environmental regulations are driving the demand for these units.
 

The non-condensing gas fueled fire tube chemical boiler market will grow at a CAGR of over 4.5% through 2032. The move toward automation and digitalization in industrial processes along with the integration of advanced control systems, is shaping the industry landscape. Furthermore, the ongoing expansion and development of small and medium-sized enterprises (SME) within the chemical sector coupled with an increasing focus on reducing operational costs will further boost product adoption.
 

U.S. gas fueled fire tube chemical boiler market is set to surpass USD 100 million by 2032. Favorable government incentive programs and advanced technological systems combined with competitive fuel pricing & long-term saving will drive the adoption of these efficient boilers. Continuous innovations in boiler technology including improvements in combustion systems combined with supportive state and federal incentives and rebate programs will positively influence the industry’s outlook.
 

The Asia Pacific region is experiencing substantial growth, fueled by a growing emphasis on energy efficiency in industrial operations. Strict regulatory mandates for the adoption of cleaner technologies in tandem with proactive government policies aimed at reducing emissions, are driving the industry potential. Additionally, the expansion of urban areas and industrial zones combined with the increasing integration of renewable energy sources into existing boiler systems is set to accelerate the business growth.
 

Gas Fueled Fire Tube Chemical Boiler Market Share

Thermax specializes in designing and manufacturing heating and cooling systems, industrial refrigeration, air conditioning, and process heating and cooling solutions. The company's energy portfolio includes boilers and heaters, absorption cooling systems, solar energy solutions, and cogeneration plants powered by coal, biomass, natural gas, and waste heat recovery. Its boiler and heater segment features waste-to-energy boilers, oil, gas, and biomass-fired boilers, waste heat recovery boilers, and fixed plate-type AFBC boilers. Thermax’s product range also includes steam boilers, solid fuel boilers, thermic fluid heaters, hot water and hot air heaters, waste heat recovery boilers, and energy plants.
 

Gas Fueled Fire Tube Chemical Boiler Market Companies

Major key players operating in the gas fueled fire tube chemical boiler industry are:

• ALFA LAVAL
• Applied Control
• Ariston Holding
• Babcock Wanson
• Bosch Industriekessel
• Clayton Industries
• Cleaver-Brooks
• Cochran
• EPCB Boiler
• Forbes Marshall
• Henan Province Sitong Boiler
• Miura America
• Rentech Boiler Systems
• Ross Boilers
• Thermax
• Thermodyne Boilers
• Viessmann
• Zhengzhou Boiler Group
   

Gas Fueled Fire Tube Chemical Boiler Industry News

• In May 2024, Miura acquired Cleaver-Brooks and expressed enthusiasm for the partnership, emphasizing Cleaver-Brooks' strong customer relationships and commitment to sustainable boiler solutions. Moreover, the acquisition enabled both companies to leverage their combined expertise in energy efficiency, emissions reduction, and smart boiler technology, fostering continued innovation in various industries.
   
• In February 2024, Babcock Wanson acquired VKK Group, a key player in industrial boiler design and manufacturing. VKK serves energy, food, and chemical sectors, offering engineering, project execution, and maintenance services. This move expands Babcock Wanson's German presence, using VKK's facilities in Köthen and Duisburg to boost its market position.
   

This gas fueled fire tube chemical boiler market research report includes in-depth coverage  of the industry with estimates & forecast in terms of revenue (USD Million), capacity (MMBtu/hr) & volume (Units) 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 - 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
  • 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