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Water Tube Low Temperature Industrial Boiler Market Size
Water Tube Low Temperature Industrial Boiler Market was valued at USD 1.77 million in 2023 and is estimated to grow at a CAGR of over 4.8% from 2024 to 2032. Robust industrial infrastructure development in association with surging upgradation of traditional heating systems will proliferate business growth. Growing investment toward sustainable and efficient boiler design with advanced technological systems in line with increasing focus on corrosion-resistant and durable components will positively influence the industry scenario.
A fire tube low-temperature industrial boiler is a type of industrial boiler where the water or steam flows through the tubes that are heated from externally by the combustion gases. This design contrasts with fire tube boilers, where the combustion gases pass through tubes surrounded by water. Rising environmental concern along with increasing need for the adoption of sustainable and cleaner energy solutions, which in turn will augment the product deployment. Furthermore, continuous technological innovation in condensing technologies in tandem with integration of smart control systems to enhance efficiency, performance, and user comfort will encourage the demand for industrial boiler.
Report Attributes | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 1.77 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 4.8% |
2024 – 2032 Value Projection: | USD 2.72 Billion |
Historical Data for: | 2021-2023 |
No. of Pages: | 125 |
Tables, Charts & Figures: | 45 |
Segments covered: | Temperature, Capacity, Fuel, Technology, Application & Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Water Tube Low Temperature Industrial Boiler Market Trends
The industry is set for substantial growth owing to the burgeoning demand for low-emission and energy-efficient heating units in various industrial operations. Increasing requirement of consistent and precise temperatures for food processing operations in conjunction with robust investment in boiler design and their efficiency will foster the business scenario. Moreover, stringent environmental codes and measures toward adoption of low-emission boilers combined with supportive government incentives program aimed at minimizing carbon footprints will strengthen the adoption of low temperature industrial boilers.
Water Tube Low Temperature Industrial Boiler Market Analysis
The > 160°F - 180°F water tube low temperature industrial boiler industry is set to surpass USD 1 billion by 2032. Rising focus on reducing fuel consumption and lowering energy bills in line with the integration of advanced control systems and IoT technologies in boilers allows for better temperature management and energy efficiency, thereby enhancing product penetration. Ongoing investment by the key private and public sector toward adoption of reliable and efficient heating units and government aim to meet the sustainability goals, which in turn will proliferate the business dynamics.
The chemical water tube low temperature industrial boiler market size is anticipated to grow at a CAGR of over 4% through 2032, driven by integration of smart management and precise control systems. Continuous adoption of improved safety features in new water tube boilers including advanced monitoring systems and automatic shut-off mechanisms to meet safety standards prevalent in the chemical process, which has led to the favorable business scenario. In addition, growing demand for chemical products in diverse application comprising of agrochemicals, polymers, pharmaceuticals, and specialty chemicals coupled with rising requirement of reliable and efficient heating systems will foster the business potential.
The Asia Pacific water tube low temperature industrial boiler market will exceed USD 1.2 billion by 2032, due to economic growth and rapid industrialization in emerging economies. Continuous expansion and development urbanization and construction activities in the region combined with the need for these industrial boilers in sectors comprising of steel, cement, and construction materials, which in turn will escalate the business growth. Furthermore, the region is a major hub for chemical and petrochemical production, which often requires precise temperature control along with growing awareness of environmental issues will influence the industry landscape.
U.S. water tube low temperature industrial boiler market is poised for robust growth driven by their strict environmental & emission standards in line with integration of renewable energy sources. Increasing utilization of natural gas in boilers units to reduce environmental impact in line with modernization of existing boiler units with more efficient and reliable heating solutions will complement the industry outlook. Furthermore, supportive federal and state government’s incentives and rebates for the installation of energy-efficient equipment combined with ongoing investments in infrastructure including news industrial plants will energize the business outlook.
Water Tube Low Temperature Industrial Boiler Market Share
Cleaver-Brooks provides complete boiler solutions and develops hot water & steam generation products to maximize energy-efficiency and minimize emissions. The company’s product and solution portfolio consist of boilers, burners, controls, heat recovery, water systems, and exhaust solutions. Its products and solutions find wide-ranging application in industries ranging from commercial & public facilities, chemical, government & military, manufacturing, oil sands, petroleum & refineries, pharmaceutical & biotechnology, pulp & paper to utilities.
Water Tube Low Temperature Industrial Boiler Market Companies
The key industry players include:
- ALFA LAVAL
- Babcock & Wilcox Enterprises, Inc.
- Babcock Wanson
- Burnham Commercial Boilers
- Cannon S.p.A
- Clayton Industries
- Cleaver-Brooks
- EPCB Boiler
- Fulton
- Hurst Boiler & Welding Co, Inc.
- IHI Corporation
- Johnston Boiler
- Miura America Co., LTD.
- Rentech Boilers
- Sellers Manufacturing Co.
- Thermax Limited
- Thermodyne Engineering Systems
- Victory Energy Operations, LLC
- Walchandnagar Industries Ltd. (WIL)
- Wellons
Water Tube Low Temperature Industrial Boiler Industry News
- In March 2024, Babcock & Wilcox announced that its Thermal segment has secured contracts worth around USD 24 million to design, manufacture, and supply three advanced industrial boilers along with related equipment for petrochemical facilities in the Middle East and Central Asia. These boilers, known for their high efficiency and reliability, are tailored to meet the stringent demands of the petrochemical industry, ensuring optimal performance and energy savings in challenging environments.
- In January 2024, Victory Energy Operations broadened its sales partnership with Powerhouse Combustion & Mechanical Corporation, designating the firm as the authorized sales representative for its full product line, including water tube boilers, firetube boilers, HRSGs, VISION burners, economizers, and rental units, throughout California and Nevada. Previously, Powerhouse Combustion & Mechanical was focused on selling Victory Energy's Frontier firetube boilers in Southern California.
This water tube low temperature 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 Temperature
- ≤ 120°F
- > 120°F - 140°F
- > 140°F - 160°F
- > 160°F - 180°F
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 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
Frequently Asked Questions (FAQ) :