Industrial Boiler Market Size, Revenue Analysis, Opportunities, Trends, Product Launch, 2019–2026

Market Size – USD 12.80 Billion in 2018, Market Growth - CAGR of 5.8%, Market Trends – High efficiency product launches and low emission boilers

 According to the current analysis of Reports and Data, the global Industrial Boiler market was valued at USD 12.80 Billion in 2018 and is expected to reach USD 20 Billion by year 2026, at a CAGR of 5.8%. The study covers the boilers that are used in various industries for steam generation process. Boilers are used in a large number of industries such as food and beverages, manufacturing, textiles, chemicals, etc. Recent emergence of CAD along with CFD for advanced boiler design, optimized utilization of available oxygen for better combustion of fuel, efficient condensing units and low emission boilers are causing disruption in the industrial boiler market. High paced manufacturing across the globe, unmet needs of industries pushing the boiler technology development, significant focus of boiler manufacturing companies on development of highly efficient and safe boilers, availability of public as well private funds for research, and favourable regulatory scenario, are some of the key factors propelling market growth in the industry


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The power and energy industry is rapidly expanding in terms of revenue owing to constant demand for electricity across the globe. The global Industrial Boiler market is expected to register robust revenue CAGR between 2019 and 2026. There has been a rapid increase in the power consumption across various verticals such as manufacturing, agriculture, IT communication, healthcare, commercial and residential buildings. In addition, rapid industrialization and urbanization, increasing awareness about green energy, rising adoption of smart homes and smart buildings and increasing investments in development sustainable products are fueling market growth.

Competitive Landscape:

The report sheds light on details about every market player in the global Industrial Boiler market along with its global status, product portfolio financial standing, business expansion plan and license agreement. The key players in the market are adopting various key strategies such as mergers and acquisitions, partnerships, joint ventures, collaborations and product launches to strengthen their market position and enhance their product base. Top companies operating in the global Industrial Boiler market include: Bharat Heavy Electricals Limited, Thermax, Babcock Wilcox, IHI Corporation, Mitsubishi Hitachi Power Systems and others.


Global Industrial Boiler market segmentation:

Type Outlook:

  • Water Tube
  • Fire Tube


Application Outlook:

  • Power Generation
  • Manufacturing
  • Healthcare
  • Food Industry


Regional Outlook:

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Russia
    • K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East Africa
    • Saudi Arabia
    • A.E.
    • Israel
    • Rest of MEA

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Key questions addressed in the global Industrial Boiler market report:

  • What is the expected market size of the global Industrial Boiler market during the forecast period?
  • What are the key restraints that are expected to hamper overall market growth between 2019 and 2026?
  • What key factors are expected to boost global Industrial Boiler market revenue growth throughout the forecast period?
  • Which regional market is projected to account for largest revenue share over the forecast period?
  • Which regional market revenue is expected to expand at rapid CAGR during the forecast period?
  • Which key players are operating in the global Industrial Boiler market?


The report also offers details about each segment and major regions covered in the global Industrial Boiler market.


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