Gas Water Tube Industrial Boiler Market – By Application (Food Processing, Pulp & Paper, Chemical, Refinery, Primary Metal), By Capacity, By Technology, By Regional Outlook & Forecast, 2024 – 2032

Gas Water Tube Industrial Boiler Market Size

Gas Water Tube Industrial Boiler Market size in 2023 was valued at USD 2.2 billion and is projected to grow at a CAGR of 5.7% between 2024 and 2032. Increasing environmental concern and stringent regulations to reduce carbon emission in line with rapid industrialization & urbanization will propel the industry landscape. Continuous advancements in boiler technology comprising of materials, combustion control systems, and digital monitoring solutions will foster the product adoption.
 

For instance, in December 2022, revisions were made to various segments of the Vermont Air Pollution Control Regulations, focusing on the regulation of air contaminant emissions originating from boiler systems.
 

A gas water tube industrial boiler is a type of industrial boiler that utilizes natural gas, propane, or biogas as its fuel source to generate steam or hot water. Increasing demand of reliable and efficient steam generation across manufacturing, chemical, food processing industries will energize product penetration of water tube industrial boilers. The global shift toward cleaner energy source coupled with implementation of energy policies and economic development growth will influence the industry outlook.
 

Gas Water Tube Industrial Boiler Market Trends

The industry is anticipated to witness owing to their high efficiency and lower emissions as compared to traditional units. Industries including petrochemicals, refining, and pulp and paper, which is heavily rely on steam for various processes are gaining traction owing to their expansion and modernization efforts, thereby enhancing the boiler market. Moreover, rapid industrial growth across emerging economies along with enhancement in boiler design will positively sway the business scenario.
 

Gas Water Tube Industrial Boiler Market Analysis

The chemical gas water tube industrial boiler industry will exceed USD 800 million by 2032. The expanding chemical industry driven by increasing demand for plastics, polymers, and specialty chemicals, fuels the demand for these boilers. Chemical companies are increasingly adopting modular and scalable boiler systems that offer flexibility in capacity and can be easily integrated into existing facilities, thereby propelling the industry size. In addition, growing demand for these units is driven by a combination of regulatory compliance, technological advancements, fuel preferences, energy efficiency goals, and industry-specific requirements.
 

The non-condensing water tube industrial boiler market size will witness a CAGR of over 5% till 2032. These boilers are typically more cost-effective upfront compared to condensing boilers. Non-condensing water tube boilers, with their capacity to produce high-pressure steam and handle large volumes, are favored in applications requiring high heat output. Aging industrial infrastructure along with replacement and upgradation of traditional industrial boilers systems will foster business landscape. Furthermore, non-condensing units preferred in retrofitting projects due to their compatibility with existing infrastructure and lower installation costs compared to condensing boilers.
 

Asia Pacific gas water tube industrial boiler market is set to surpass USD 1.1 billion by 2032. The region is witnessing significant growth on account of growing demand for efficient and reliable steam generation units. Rapid infrastructure development and urbanization projects across the region in conjunction with enlarging investment in energy resources including steam for manufacturing processes will complement the business outlook. Growing focus toward implementing policies along with provide incentives to promote cleaner energy sources and reduce greenhouse gas emissions will augment the industry demand.
 

U.S. gas water tube industrial boiler industry is set to witness an upsurge on account their high efficiency and advanced combustion technologies. The abundant availability of natural gas, particularly due to the shale gas boom in the across the region has led to a significant shift towards natural gas as a preferred fuel for industrial processes. Ongoing advancements in boiler technology comprising of improvements in combustion efficiency, heat transfer, and control systems to enhance the performance and reliability of gas water tube boilers will stimulate the product penetration across the country.
 

Gas Water Tube Industrial Boiler Market Share

Babcock and Wilcox Enterprises specializes in design, manufacture and service provider of environmental & energy technologies and services for the industrial & power sectors. The company’s industrial segment offers wide-ranging technologies for applications such as cement, electronics, energy storage, food & beverage (F&B), pharmaceutical, power generation, print & packaging, pulp & paper, renewables, waste-to-energy, wastewater treatment, and wood products. It also offers maintenance services and product sales across the globe through its operations, joint ventures, and subsidiaries.
 

Gas Water Tube Industrial Boiler Market Companies

The key industry players include:

• ALFA LAVAL
• Babcock & Wilcox Enterprises, Inc.
• Babcock Wanson
• Clayton Industries
• Cleaver-Brooks
• FERROLI S.p.A
• Fulton
• Hoval
• Hurst Boiler & Welding Co, Inc.
• Indeck Power Equipment Company
• Kawasaki Thermal Engineering Co., Ltd.
• Rentech Boiler Systems, Inc.
• SUPERIOR BOILER
• Thermax Limited
• Thermodyne Boilers
• Victory Energy Operations, LLC
   

Gas Water Tube Industrial Boiler Industry News

• In January 2022, Babcock & Wilcox Thermal segment had awarded a contract worth over USD 18 million to improve and upgrade the performance of two power plants for a large U.S. utility. According to the contract, B&W’s subsidiary, Babcock & Wilcox Construction, installed boilers, reheater tubes, waterwall panels, and other technologies. This contract further reinforced the company’s thermal segment and its market share across the country.
   
• In January 2022, Hurst Boiler had unveiled the innovative Hurst EGO Series 3-Fuel Boiler, which could be fired from gas and delivered more water and steam volume compared to a conventional boiler design. It further terminated the downtime on switch-back from electricity to gas activities. This boiler included a Stackmaster Economizer, which reduced greenhouse gas emissions and increased efficiency.
   

The gas water 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 - 100 MMBtu/hr
• 100 - 175 MMBtu/hr
• 175 - 250 MMBtu/hr
• > 250 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