Water Tube Chemical Boiler Market Size – By Product (Fire-Tube, Water-Tube), By Capacity, By Fuel (Natural Gas, Oil, Coal), By Regional Outlook & Forecast, 2024 – 2032

Water Tube Chemical Boiler Market Size

Water Tube Chemical Boiler Market was valued at USD 1.78 billion in 2023 and is set to grow at a CAGR of 2.7% between 2024 and 2032. The rising adoption of cleaner energy units coupled with robust advancements in boiler systems focused on reducing emissions and enhancing efficiency will encourage the business dynamics. Rapid urbanization and industrialization growth in key geographies combined with surging investment to expand energy infrastructure will complement the industry outlook.

A water tube chemical boiler is a type of industrial boiler specifically designed for use in the chemical industry. It utilizes water-tube technology, where water circulates in tubes heated externally by the combustion of fuel. Heightened environmental regulations emphasizing energy efficiency coupled with upgradation of existing boiler units will foster the business growth. The growing focus on highly efficient heating technologies in conjunction with the incorporation of smart solutions in these units will boost the product adoption. Furthermore, continuous refurbishment and expansion of industrial facilities along with increasing demand for reliable steam generation systems will positively influence the chemical boiler market.
 

Water Tube Chemical Boiler Market Trends

The water tube boiler industry is set to propel substantial growth owing to favorable environmental measures and supportive regulations toward reducing GHG emissions. Rising energy prices along with the paradigm shift toward adoption of cleaner energy sources will encourage the business scenario. Moreover, robust economic growth and industrialization across emerging economies coupled with ongoing innovation in boiler systems will energize the deployment of industrial boilers.
 

Water Tube Chemical Boiler Market Analysis

The < 10 MMBtu/hr capacity water tube chemical boiler segment will exceed USD 700 million by 2032. These boilers are designed to offer high efficiency in small applications, cutting operational costs and fuel consumption. A shift toward energy-efficient and eco-friendly heating solution in line with integration of smart control systems will augment the business environment. Additionally, key industry players are investing in upgrading traditional boiler systems to meet new environmental standards will drive the deployment of these units.
 

The non-condensing water tube chemical boiler market is projected to grow at a CAGR of over 2.5% through 2032. The industry is witnessing significant surge on account of their lower GHG emissions and high energy efficiency. The increasing adoption of digitalization and automation in industrial processes in association with integration of advanced control systems will positively sway the industry scenario. In addition, continuous development and expansion of small & medium-sized enterprises in the chemical industry coupled with heightened emphasis on cost efficiency will escalate the product penetration.
 

Asia Pacific water tube chemical boiler market is set to surpass USD 1.25 billion by 2032. The region is experiencing notable growth fueled by rising focus on energy efficiency in industrial operations. Stringent regulations & government policies aimed at reducing emissions and promoting cleaner technologies, will accelerate the business potential. Additionally, continuous expansion of urban areas and industrial zones in along with increasing integration of renewable energy systems with existing boiler units will positively sway the industry growth.
 

U.S. water tube chemical boiler market is poised for robust growth driven by escalating energy cost and stringent government regulations. Government incentives, technological advancements, and modernization of industrial infrastructure are the key factors influencing the adoption of these boilers. Continuous innovations in boiler units specially in heat exchangers and combustion systems coupled with supportive federal and state level rebate programs & incentives will strengthen the industry outlook.
 

Water Tube Chemical Boiler Market Share

Miura America deals in the manufacturing and sales of boilers, maintenance, marine equipment, special equipment, aquatics, water softening, medical, environmental business, food processing, and heating & energy solutions. The company’s product & solutions spectrum is divided into six main segments consisting of steam boilers, water softeners, chemical treatment, ancillaries, hot water, and Miura service. It offers an extensive range of steam, gas, and oil-fired boilers for various commercial and industrial uses.
 

Water Tube Chemical Boiler Market Companies

The key industry players include:

• ALFA LAVAL
• Ariston Holding N.V.
• Babcock & Wilcox Enterprises, Inc.
• Babcock Wanson
• BM GreenTech Berhad
• Bosch Industriekessel GmbH
• Clayton Industries
• Cleaver-Brooks
• Cochran
• Forbes Marshall
• Miura America Co., LTD.
• Rentech Boiler Systems, Inc.
• Thermax Limited
• Thermodyne Boilers
• Victory Energy Operations LLC
• Viessmann
   

Water Tube Chemical Boiler Industry News

• In March 2024, Babcock & Wilcox’s thermal business segment has secured a significant agreement accounted USD 246 million for a major gas conversion project at a North American power plant. The project will involve converting the plant’s two coal-fired boilers, which have a combined capacity of over 1,000 megawatts, to operate on natural gas. Under this agreement, B&W has received a limited notice to proceed for the coal-to-natural gas conversion, with the full contract notice anticipated in the fourth quarter of 2024.
   
• In January 2024, Victory Energy Operations has expanded its sales relationship with the Powerhouse Combustion & Mechanical Corporation, appointing the firm as the authorized sales representative for the entire range of Victory Energy products, including water tube boilers, firetube boilers, HRSGs, VISION burners, economizers, and rental units, across California and Nevada. Previously, Powerhouse Combustion & Mechanical was responsible for selling Victory Energy's Frontier firetube boilers in Southern California.
   

This water tube chemical 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 Technology

• Condensing
• Non-Condensing

Market, By Fuel

• Natural Gas
• Oil
• Coal
• 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
  • Nigeria
  • South Africa
• Latin America
  • Argentina
  • Chile
  • Brazil