Industrial Boiler Maintenance Market Size – By Product, By Application, Analysis, Share, Growth Forecast, 2025 – 2034

Industrial Boiler Maintenance Market Size

The global industrial boiler maintenance market size was valued at USD 22.2 billion in 2024 and is estimated to grow at a CAGR of 4.6% from 2025 to 2034. It is estimated that energy-efficient systems for boilers will come into the marketplace as the expansion begins to lower operational costs and remain compliant with environmental policies. This management technique ensures businesses reduce operational downtimes through the prediction and failure management of equipment while refining the maintenance plans, which greatly increases the profitability of the sector.
 

The maintenance of industrial boilers consists of general duties and methods necessary to keep any boiler used for industrial operations. Generating steam or heat, the industrial boilers are used for electricity generation, heating, or manufacturing. Maintenance of equipment and/or machinery is a prime necessity to avoid breakdowns, enhance operational effectiveness, and protect the staff and equipment as well. There is a growing trend of more critical maintenance. Modern technology or IoT devices have seen this industry get traction and facilitate the integration of newer systems.

Industrial Boiler Maintenance Market Trends

The provision of industrial facilities will boost the demand for industrial boilers, and this will be strengthened by the encouraging government measures in developing countries that seek to grow domestic production. This is likely to positively impact the industry, looking at the continued aspiration of political stability and further promotion of local manufacturing. Environmental Protection Agency (EPA) regulations that also require the replacement of older, less efficient steam boilers with gas-fired units are also changing the industry.
 

Ongoing surge in food processing, refinery and chemical industries paired with supportive government policies will significantly boost the business landscape. These boilers are known to cater high voltages and high temperatures, their services are crucial to maintain the longevity and safety of the industrial facilities. Technological advancements within the boiler industry including IoT and remote monitoring systems will foster the growth of the market. Furthermore, rising awareness toward sustainability and growing focus on preventive maintenance will boost the business landscape.
 

Industrial Boiler Maintenance Market Analysis

The water tube industrial boiler maintenance industry will exceed USD 20 billion by 2034. Growth in maintenance services is caused by the increasing safety regulations and environmental regulations to which the countries have met or exceeded benchmarks set. This addresses the adoption in maintenance and construction of boilers that use advanced materials, such as coatings that aim to strengthen the corrosion resistance of boiler components, which extends the useful life, hence spurring the market.
 

The food processing industrial boiler maintenance market is anticipated to grow at a CAGR of over 4.5% through 2034. Industrial boiler maintenance within the food processing segment is forecasted to expand more than 4.5% annually resulting in greater revenue in 2034. Increased consumer spending, especially on processed foods, has led to greater demand for timely supply, resulting in more sales and hence more investments made in new processing plants. Furthermore, an increase in the supply of feedstocks in combination with new technological development will boost growth in the industry for the demand for the boilers.
 

The U.S. industrial boiler maintenance market is anticipated to reach over USD 5 billion by 2034. Industrial technologies will be able to grow owing to flourishing economies which will enable them to expand their boundaries. These technologies require regular maintenance and upgrades to ensure that the production demands are met. The industrial economy is subject to strict legal environmental regulations that will also stimulate the development of this industry. Provision of regular maintenance and adherence to emission compliance is required, hence creating great opportunities for growth in the market.
 

The demand for international boiler maintenance in the Asia Pacific will increase owing to urbanization, accelerated industrial growth, and climbing energy requirements. Due to strict environmental regulations caused by the growing need for energy regulatory issues, these forces are compelling industries to machine maintenance. The increasing use of sophisticated technologies, such as predictive maintenance, and more stringent safety and operational efficiency requirements will assist industry growth.
 

Industrial Boiler Maintenance Market Share

The businesses that operate in this specific field are using different methods that would allow them to improve their competitive edge and also meet the changes in demand for the industry. Most of the concentration is given to the utilization of predictive maintenance, real-time monitoring, and IoT, all to ensure that the operational efficiency is at the highest and the downtime is as low as possible. Besides, adding full-service contracts, maintenance training, and quick repair services to the service portfolio is becoming the norm. In response to strict environmental and safety requirements, manufacturers are focusing on green maintenance approaches and new materials to increase the operational efficiency and longevity of boilers.
 

Industrial Boiler Maintenance Market Companies

Major players operating in the industrial boiler maintenance industry are:

• ALFA LAVAL
• Babcock & Wilcox
• Babcock Wanson
• Bosch Industriekessel
• Boyle Services
• Burner Combustion
• Cleaver-Brooks
• Fulton
• Hurst Boiler & Welding
• Indeck Power Equipment
• John Wood Group
• Mitsubishi Heavy Industries
• Miura America
• Nationwide Boiler
• Power Mechanical
• Powerhouse Equipment & Engineering
• Rentech Boiler Systems
• Siemens
• Thermax
• Thermodyne Boilers
   

Industrial Boiler Maintenance Industry News

• In August 2024, Babcock & Wilcox announced that it has been awarded a 25 million dollar contract to upgrade and carry out repairs on the key components of a thermal power plant in the United States. As part of this project, Babcock & Wilcox Construction Co is planning to install new boilers, pressure components, and outage support. This achievement underlines the competence of B&W in the servicing of thermal plants and a commitment to being responsive and effective in its service to enhance energy performance and sustainability in the industry.
   
• In May 2024, Cleaver-Brooks, a well-known brand in boiler manufacturing, has been acquired by Miura Co., one of the world’s recognized companies specializing in boiler technologies situated in Japan. Because of this acquisition, the company will benefit from the knowledge of Cleaver-Brooks in regard to boiler systems and that of Miura in technology development, making the combination potent for development in the technology. The partnership aims to strengthen new product introductions, global expansion, and modern technology for effective and eco-friendly energy generation.
   

The industrial boiler maintenance market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2034, for the following segments:

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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
  • Egypt
  • Nigeria
  • South Africa
• Latin America
  • Argentina
  • Chile
  • Brazil