High Temperature Industrial Boiler Market Size – By Product (Fire-Tube, Water-Tube), Application (Food Processing, Pulp & Paper, Chemical, Refinery, Primary Metal), By Technology (Condensing, Non-Condensing), Capacity, Temperature, Fuel & Forecast, 2024 – 2034

High Temperature Industrial Boiler Market Size

High Temperature Industrial Boiler Market was valued at USD 8.4 billion in 2023 and is predicted to register over 4.5% CAGR between 2024 and 2034. Increasing industrial activities and urbanization rate particularly in developing economies, contribute to higher demand for these heating technologies. For instance, investment across the industrial sector witnesses a growth of about 4% in the year 2023.
 

Increasing demand of water and space heating systems owing to surging population and rising urbanization rate will drive the high temperature industrial boiler market growth. Introduction of supportive policies by the government toward achieving high energy efficiency  primarily across the developing nations will subsequently influence the deployment of boilers. For instance, in 2023, the share of urban population surpassed share of 70% of the total population.
 

COVID– 19 Impact

The high temperature industrial boiler market experienced a modest impact from the COVID-19 pandemic, primarily due to significant delays in manufacturing facilities. The overall demand for boilers was hampered as industrial operations came to a standstill. Nevertheless, the easing of restrictions, coupled with advancements in research and development policies to support innovative designs, has driven the developments in the industry. Additionally, government initiatives promoting sustainable heating systems, alongside ongoing infrastructural development, has contributed to industry growth.
 

High Temperature Industrial Boiler Market Trends

Stringent government regulations aimed at curbing greenhouse gas emissions and challenging climatic conditions, coupled with sustained investments in economic development, are set to propel the industry. The optimistic perspective toward industrial facilities, aligned with the increasing need for heating units, will expedite the industry's momentum. Furthermore, the upward trajectory of industrialization, combined with the embrace of efficient steam generation systems, will foster the business outlook.
 

High Temperature Industrial Boiler Market Analysis

The fire tube industrial boiler market is likely witness about 4.2% growth rate through 2034. The introduction and successful enforcement of governmental regulations aimed at pollution control have triggered a surge in the substitution of traditional heating systems. The establishment of effective guidelines for carbon emissions is driving an increase in the adoption of alternative heating systems, further propelling the demand for these units.
 

The 50 - 75 MMBtu/hr boiler market holds a share of over 15% in 2023. The momentum of these boilers is set to increase significantly owing to the government's introduction of various tax incentives aimed at promoting the adoption of energy-efficient technologies. These boilers consume less fuel and provide high energy output. The collaboration between private entities and the government in the development and expansion of commercial and industrial buildings will contribute to creating a favorable business environment.
 

Based on temperature, the 180°F - 200°F boiler market is set to surpass USD 1.5 billion by 2034. These systems are primarily deployed across facilities including manufacturing, primary metal, paper & pulp industries and refineries. The rising demand for food processing units in line with changing consumer preferences and rising disposable incomes will further complement the product penetration.
 

Based on application, the market is segmented as food processing, pulp & paper, chemical, refinery, primary metal and others. The growing demand for specialty chemicals and the changing consumer preference towards processed food items have led to a surge in investments in new manufacturing facilities, propelling business expansion. Moreover, the global food & beverage industry has experienced tremendous growth owing to changing consumption patterns and rising disposable incomes which in turn will energize the food processing boiler market.
 

Based on technology, the market is segmented as condensing and non-condensing. Surging industrialization and increasing investments toward the expansion of manufacturing facilities will drive the business outlook. Collaboration between private entities and the government in the development and expansion of industrial buildings is poised to foster a positive industry landscape.
 

demand for gas fired boilers is anticipated to increase owing to strict government regulations related to the use of low-emission fuels. The production of affordable heating systems, along with the widespread acceptance of low emission units, will fuel the penetration of alternative products.
 

• The Europe boiler industry was worth over USD 1.9 billion in 2023. The environmental regulations and emission standards are compelling industries to adopt cleaner and more efficient boiler technologies. Surging industrial activities coupled with rising demand for energy will energize the industry dynamic.  
   
• The increase in demand further propelled by ongoing advancements in boiler designs, controls, and automation are enhancing efficiency, safety, and overall performance, attracting industries to invest in newer systems.
   

High Temperature Industrial Boiler Market Share

Prominent companies in the industrial boiler sector are strategically focusing on marketing initiatives, technological advancements, brand recognition, and operational efficiencies to navigate the competitive landscape effectively. Their primary goal revolves around developing intelligent designs for boiler systems, integrating advanced technological features and ergonomic capabilities into industrial boiler solutions.
 

High Temperature Industrial Boiler Market Companies

The key market players operating across the industry include:

• Babcock and Wilcox Enterprises, Inc.
• Bharat Heavy Electricals Limited
• The Fulton Companies
• Hurst Boiler and Welding Co, Inc.
• Cleaver-Brooks
• IHI Corporation
• Clayton Industries
• John Cockerill
• John Wood Group PLC
• Cochran
• Doosan Heavy Industries & Construction.
• Forbes Marshall
• Mitsubishi Heavy Industries, Ltd.
• General Electric
• Siemens
• Sofinter S.p.a
• Rentech Boilers
• Thermax Limited
• Miura America Co., LTD.
• Hoval
• Viessmann Climate Solutions SE
• FONDITAL S.p.A.
• FERROLI S.p.A
• Groupe Atlantic
• Fonderie Sime S.p.A.
• Bosch Industriekessel GmbH
• Victory Energy Operations, LLC
• Walchandnagar Industries Ltd. (WIL)

A leading entity in the field of energy and environmental technologies, Babcock and Wilcox Enterprises, boasts a noteworthy legacy. Renowned for pioneering solutions in steam generation and environmental control systems, the company is dedicated to delivering cutting-edge technologies that foster a sustainable and efficient future. Their extensive array of products and services spans across diverse industries, solidifying their impactful presence in the energy sector.
 

High Temperature Industrial Boiler Market News

• In September 2023, John Cockerill Energy secured an order from Mitsubishi Japan to supply a large heat recovery boiler for a 600 MW hydrogen-ready power plant in Singapore. The plant is designed to operate on natural gas or a blend of natural gas and hydrogen, with provisions for complete hydrogen operation in the future. The HRSG, designed by John Cockerill, will have a heating surface and contribute to reducing carbon emissions.
   
• In February 2021, Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries, plans to restructure its domestic boiler business locations in response to changes in market demand for coal-fired power generation. The company will consolidate boiler manufacturing functions at Nagasaki Works while reallocating resources at Kure Works to focus on boiler design, engineering services, and the Air Quality Control System (AQCS) business. This strategic move, scheduled for completion by the end of fiscal 2022, aligns with Mitsubishi Power's goal of expanding services and environmental solutions to support carbon neutrality in the evolving energy sector.
   

This high temperature industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBtu/hr” & “USD” from 2019 to 2034, for the following segments:

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Market, By Temperature

• 180°F - 200°F
• > 200°F - 220°F
• > 220°F - 240°F
• > 240°F

Market, By Product

• Fire Tube
• Water Tube

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 Fuel

• Natural Gas
• Oil
• Coal
• Others

Market, By Technology

• Condensing
• Non-Condensing

Market, By Application

• Food Processing
• Pulp & Paper
• Chemical
• Refinery
• Primary Metal
• Others

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

• 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