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Market Overview

Industrial boilers can withstand greater pressure compared to residential and commercial boilers, which is why they are extensively used to convert water into steam. The steam produced in industrial boilers is widely used in the food and beverages, paper and pulp, and chemical industries. Rapid industrialization and rising consumer demand for alternatives drives the market growth. However, the high maintenance cost of the boiler hampers market growth. In addition to this, global trading economies have been moving towards adopting protectionist policies which has paved the way for a stronger domestic manufacturing sector. Moreover, this also presents significant opportunities for international players to invest in emerging economies and set up their supply chain and manufacturing facilities in these economies.

Stringent Government Regulations and Increasing Environment Pollution to Drive the Market Growth

Plastic is extensively used across several industries for its versatility, which has surged the environmental pollution across the globe. Pyrolysis is a technique of degrading solid plastic waste into useful compounds, such as bio-oil. 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 the market growth. Globally, stringent government regulations in terms of rising carbon emission have compelled the end-use industries to adopt alternatives, such as boilers.   

Industrial Boiler Market: Segmentation

Gas Fired Segment Holds the Largest Market Share  

The gas-fired segment holds the largest market share. These boilers are extensively used in the U.S. as they provide consistent heat. In addition to this, gas-powered boilers are popular owing to the stringent regulatory measures being undertaken by various international institutions to mitigate the impact of greenhouse gases (GHG). For instamce, the European Union (EU) has set forth targets for achieving around 40% reduction in levels of GHG by the year 2030. Commercial applications for gas boiler have been increasing significantly and wil remain as one of the major factors resulting in the considerable growth rate gas fired boiler will witness. In addition to this, the ability of these boilers to withstand temperature fluctuations and their low cost of procurement are likely to drive the growth of this segment in the industrial boiler market.

Growing Trend towards Sustainability to Drive the Electric Boilers

As the Interest in sustainability and conservation of nature grows, alternatives to carbon fuels have started to become popular. Several industries are facing threats from governments owing to the carbon emission level that is why they are looking for new models. Electric boilers are cleaner, and are much more efficcienet in heating water safely. They also eliminate problems suchas venting, gas piping, and don’t release carbon monoxide. In addition to this, recent developments have ensured significant technology advancements in terms of rapid healting while maintaining temperature consistency. In addition to this, electic boilers are also rapidly becoming the choice of boilers in other industrial uses such as heat treating, drying, among others.

Electric boilers offer efficient, clean and safe water heating. Electric boilers eliminate the problems with carbon monoxide, gas piping and venting. Electric heaters are sometimes used for both homes and businesses, as they are easier to clean than gas fired boilers. They are safer, as no carbon monoxide or other combustion byproducts are produced by electric boilers. In the case of water heating, more recent developments in electric water heater technology has allowed for more rapid heating and more consistent temperatures.

Food and Beverage Segment to Dominate the Market

Boilers are extensively used in the laundries and cleaning firms to eliminate spots and dirt from the clothing. Thus, the laundries and cleaning segment holds the highest market share. The food and beverage segment, on the other hand, dominates the market. They widely use boilers to inhibit microbial growth. The produced steam is used for cooking, sterilization of vessels, pasteurization, sanitization of packaging material, and general cleaning.  Rapid urbanization, and job creations have led to an increase in consumer income. In addition to this, global population has been increasing steadily over the last several decades. Access to better healthcare facilities, higher spending capacity, and the range of food and beverage options, alongwith the rise of consumerism have led to the tremendous growth of the food and beverage market. Furthermore, the higher internet penetration and the emergence of e-commerce has further led to the growth of the food and beverage sector. This growth is likely to lead to an increase in demand for boilers from the food and beverage industry driving the growth of the industrial boiler market.

WORLD INTERNET USAGE AND POPULATION STATISTICS

World Regions

Population (Est. 2020)

Population % of the World

Internet User (Dec. 2019)

Penetration Rate (% of Population)

Africa

1,34,05,98,447

17.18%

52,63,74,930

39.26%

Asia

4,29,45,16,659

55.05%

2,30,04,69,859

53.57%

Europe

83,49,95,197

10.70%

72,78,14,272

87.16%

Latin America/Caribbean

65,83,45,826

8.44%

45,37,02,292

68.92%

Middle East

26,09,91,690

3.35%

18,04,98,292

69.16%

North America

36,88,69,647

4.73%

34,89,08,868

94.59%

Oceania/Australia

4,26,90,838

0.55%

2,87,75,373

67.40%

World Total

7,80,10,08,304

100.00%

4,56,65,43,886

58.54%

 

Industry

Boiler used (%)

Food Processing

57

Pulp And Paper

81

Chemicals

42

Petroleum Refining

23

Primary Metal

10


Boiler-Used

Regional Overview

Industrial Growth Making Asia Pacific the Market Leader for Industrial Boiler Market

Asia-Pacific is projected to hold the largest market share as several manufacturers are establishing their presence in the region due to easy access to raw materials and availability of low-cost labor. China and India are the frontrunners in the regional market growth.  Recently,   Orangebeak Technologies Private Limited, Nagpur, organized BOILER INDIA 2020, which enables the startups and leading manufacturers to introduce their products, new technologies, and new ideas for product development. In addition to this, over the last several decades, several emerging economies such as Malaysia, Indonesia, Thailand, among others, have been experiencing significant industrial development. Troubled relations between the U.S. and China have given some of the economies in Southeast Asia a chance to recoup the lost market share. In addition to this, the governments of these economies have been doling out polic reforms which support industrial development for small and large manufacturers. Moreover, economic policies supporting foreign direct investments (FDIs), and the increasing focus on strengthening domestic industries and the manufacturing sector is likely to see the industrial boilers being procured at larger quantities from countries in Asia Pacific.

Key Players

  • Bosch Industriekessel GmbH
  • Industrial Boilers
  • Ekotek Kazan Ltd.
  • SILSON
  • Unilux Advanced Manufacturing, LLC
  • Fulton
  • Nationwide Boiler Inc.
  • Cleaver-Brooks
  • Reimers Electra Steam, Inc.
  • Industrial Boilers
  • VICTORY ENERGY
  • BFS Industries
  • Columbia Boiler Company

Industrial Boiler Market: Segmentation

By Type

  • Vertical Shell Boilers
  • Horizontal Shell Boilers
  • Packaged Boilers
  • Sectional Boilers
  • Hot Water Boiler
  • Steam Boilers

By Design

  • Fire Tube
  • Water Tube
  • Cast Iron
  • Combination or Hybrid

By Heat Source

  • Coal
  • Biomass
  • Electric
  • Gas Fired
  • Oil Fired
  • Wood Fired
  • Hydronic Boilers

By Application

  • Food and Beverage
  • Textile
  • Heating
  • Building Materials
  • Chemistry
  • Paper
  • Laundry and Cleaning

By Region

  • North America
  • Central and South America, and the Caribbean
  • Europe
  • Asia Pacific
  • The Middle East
  • Africa

Frequently Asked Questions (FAQs)

Rapid industrialization and rising consumer demand for alternatives, increase in demand for boilers from the food and beverage industry are the key factors expected to drive Industrial Boiler Market during the forecast period.
Bosch Industriekessel GmbH, Industrial Boilers, Ekotek Kazan Ltd., SILSON, Fulton, Nationwide Boiler Inc., Cleaver-Brooks, Reimers Electra Steam, Inc., Industrial Boilers are the top players in Industrial Boiler Market.
Asia Pacific is expected to hold the highest market share in Industrial Boiler Market.
Gas Fired Segment is expected to be leading segment in Industrial Boiler Market during the forecast period.
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