MarkNtel Advisors analyses the growth rate of the Boiler market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Boiler market, helping them make informed decisions.
Market Outlook – 2024-2030:
The Global Boiler Market size was valued at around USD 110 billion in 2023 & is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024-30. Rapid industrialization is creating a surge in the establishment of various industries which further creates the demand for boilers for associate purposes. Almost all industries from chemicals & pharmaceuticals to textiles require boilers for the purposes like water heating, gas heating, and generating steam.
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Key Company Profiles
This report explores recent significant developments in the Boiler Market, focusing on the leading companies and their innovative profiles. The major players in the Boiler Market, featured in this report, include:
- Daikin Industries, Ltd
- Ariston Thermo SpA
- Robert Bosch Gmbh
- Mitsubishi Power
- Thermax Ltd.
- Sofinter Group
- Cleaver Brooks Inc.
- BDR Thermea Group
- Byworth Boilers Ltd.
- Andritz AG
- Harbin Electric Company Ltd.
- IHI Corporation
- Weil-McLain
- PB Heat LLC
- Valliant Group
- Others
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Boiler Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Boiler Type
- Hot Water Boilers- Market Size & Forecast 2019-2030, Thousand Units
- Gas Boilers- Market Size & Forecast 2019-2030, Thousand Units
- Steam Water Boilers- Market Size & Forecast 2019-2030, Thousand Units
- Others (Conventional Boilers, Regular Boilers, etc.)- Market Size & Forecast 2019-2030, Thousand Units
- By Fuel Type
- Natural Gas- Market Size & Forecast 2019-2030, Thousand Units
- Coal- Market Size & Forecast 2019-2030, Thousand Units
- Oil- Market Size & Forecast 2019-2030, Thousand Units
- Electric– Market Size & Forecast 2019-2030, Thousand Units
- By Tube Type
- Fire tube- Market Size & Forecast 2019-2030, Thousand Units
- Water tube- Market Size & Forecast 2019-2030, Thousand Units
- By Horsepower Capacity
- 10-150 BHP- Market Size & Forecast 2019-2030, Thousand Units
- 151-300 BHP- Market Size & Forecast 2019-2030, Thousand Units
- 301- 600 BHP- Market Size & Forecast 2019-2030, Thousand Units
- >600 BHP- Market Size & Forecast 2019-2030, Thousand Units
- By End User
- Residential- Market Size & Forecast 2019-2030, Thousand Units
- Commercial- Market Size & Forecast 2019-2030, Thousand Units
- Industrial- Market Size & Forecast 2019-2030, Thousand Units
- Chemicals and Petrochemicals
- Food Processing Industry
- Pulp & Paper
- Metals & Mining
- Power Generation
- Others (textile industry, Paper industry, etc.)
Among all of these, the ‘Industrial’ segment holds the largest market share due to the diverse and vast range of applications of boilers in industrial processes such as metals & mining, food processing, chemicals, paper and textile industry, etc.
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific- Market Size & Forecast 2019-2030, Thousand Units
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What are the primary factors driving the growth of the Global Boiler Market?
Rising Focus on Industrialization & Urbanization Across the Globe – Boilers play an important role in industrial processes such as power generation, generating steam, and hot water, rapid industrialization and urbanization across the globe are driving the market for boilers. Rising advancements across the major industries such as chemicals and petrochemicals, the textile industry, the food processing industry, the paper industry, mining, and power generation, etc., are continuously expanding the market of boilers as boilers help in most industrial activities.
Further, increasing urbanization is also driving the growth of the boiler industry because boilers are extensively used in residential units for various activities. Also, with increasing urban settlements, the demand for boilers is increasing in the market to fulfill various household purposes such as heating, generating steam, boiling fluids, and space heating.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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