The global industrial boilers market size was valued at USD 14.79 billion in 2022. It is projected to reach USD 22.36 billion by 2031, growing at a CAGR of 4.7% during the forecast period (2023–2021). About 60% of the waste plastic oil can be blended with diesel to run the engine successfully without any problems. Bio-oil can be easily combusted in industrial boilers, further providing an impetus to market growth.
Market Scope and Research Methodology
This report includes a multi-level regional assessment spanning global, regional, and country-specific markets. The analysis highlights market penetration, regional market leadership, and the strategic approaches adopted by prominent companies. A detailed SWOT analysis identifies the strengths, weaknesses, opportunities, and challenges within the market.
The primary goal of the Industrial Boilers Market Report is to provide clear insights into market behavior, emerging trends, and the factors influencing market performance. The study evaluates market structure, segmentation, and forecasted market size while examining growth drivers, industry barriers, and opportunities stemming from technological progress, regulatory frameworks, cost efficiencies, and evolving consumer needs.
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Regional Insights
The report presents an in-depth regional assessment of the Industrial Boilers Market across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Each region is analyzed based on key parameters such as market size, growth rate, trade activities, and overall industry development. This segmentation supports a deeper understanding of the competitive dynamics and market potential within each geographical area.
Market Segmentation
- By Type
- Fire Tube
- Water Tube
- Cast Iron
- Combination/Hybrid
- By Heat Source
- Coal
- Biomass
- Oil & Gas
- Electric
- Wood Fired
- Electric
- By Application
- Food & Beverage
- Textile
- Heating
- Building Materials
- Chemical Industry
- Paper
Key Market Players
- Bosch Industriekessel GmbH
- Ekotek Kazan Ltd.
- SILSON
- Unilux Advanced Manufacturing, LLC
- Fulton
- Nationwide Boiler Inc.
- Cleaver-Brooks
- Reimers Electra Steam Inc
- VICTORY ENERGY
- Mitsubishi Heavy Industries
- Columbia Boiler Company
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Key Questions Addressed
- What is Industrial Boilers Market?
- What was the market size of the Industrial Boilers Market in 2024?
- What CAGR is expected for the market during the forecast period?
- Which factors are expected to drive market growth?
- What are the major segments of the market?
- Which strategies are companies adopting to strengthen their market presence?
- What emerging applications and trends are shaping the industry?
- Who are the key players in the Industrial Boilers Market?
- What are the portfolios and competencies of leading market participants?
About Us
For over a decade, Straits Research has been a trusted partner to more than 2,204 small and large enterprises, empowering senior leaders and decision-makers with actionable intelligence to navigate complex markets. Our structured syndicate reports, published year-round, cover critical sectors such as chemicals, materials, food and beverage, healthcare, pharmaceuticals, automotive, technology, aerospace, and defense. Combined with our custom research tailored to client-specific needs, we deliver insights that drive business progress and informed decision-making.
