산업용 보일러 시장 : 연료 유형, 보일러 유형, 보일러 마력, 최종 용도 산업별 - 세계 예측(2025-2030년)

The Industrial Boilers Market was valued at USD 19.29 billion in 2023, expected to reach USD 20.36 billion in 2024, and is projected to grow at a CAGR of 6.27%, to USD 29.54 billion by 2030.

Industrial boilers are essential equipment for generating steam and hot water for industrial processes. This market is driven by diverse applications, spanning power generation, food and beverage, chemical, and petrochemical industries. Boilers are crucial for processes such as heating, sterilization, and electricity production, thereby underscoring their necessity across various sectors. The growing demand for energy-efficient systems and the push for cleaner energy solutions significantly influence market growth. Key factors driving this growth include increased investments in the petrochemical sector and the rising trend towards developing eco-friendly boiler systems. Cutting-edge advancements such as IoT integration for smart operation and automated maintenance are emerging opportunities that present substantial growth potential. To seize these opportunities, stakeholders should focus on developing smart boiler solutions that utilize IoT and AI technologies to enhance efficiency and reduce operational costs.

Despite its scope, the market faces several challenges and limitations. Fluctuations in raw material costs, stringent environmental regulations, and high installation and maintenance costs are critical barriers. Additionally, the shift towards renewable energy sources poses a threat to traditional boiler applications. Companies can counter these challenges by investing in research and innovation aimed at developing advanced technologies that meet regulatory standards while reducing costs. Potential areas for innovation include improving boiler efficiency, exploring alternative and sustainable fuel sources, and enhancing emissions control technologies. The nature of the industrial boiler market is competitive but offers lucrative opportunities for businesses willing to invest in innovation and sustainability. Strategic collaborations and partnerships, along with a focus on R&D, can help companies carve a niche in this evolving market landscape. As the industry progresses, market players can sustain growth by adopting a forward-thinking approach, emphasizing eco-friendliness, and leveraging data analytics for operational excellence.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Industrial Boilers Market

The Industrial Boilers Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Rapid Increase in Industrialization and Increasing Number of Refineries
  • Demand for Green and Eco-Friendly Boilers
  • Increasing Demand for Electricity and Investment in Power Generation Plants
• Market Restraints
  • Significant Capital Investment and High Cost of Installation
  • Limited Capacity of Fire-Tube Boiler
• Market Opportunities
  • Technology Breakthroughs Associated with IIoT and Remote Monitoring in Industrial Boilers
  • Advances in Fire-Tube Heat Exchangers
• Market Challenges
  • Issues Related to Scaling, Corrosion, and Slagging in Industrial Boilers

Porter's Five Forces: A Strategic Tool for Navigating the Industrial Boilers Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Industrial Boilers Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Industrial Boilers Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Industrial Boilers Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Industrial Boilers Market

A detailed market share analysis in the Industrial Boilers Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Industrial Boilers Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Industrial Boilers Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Key Company Profiles

The report delves into recent significant developments in the Industrial Boilers Market, highlighting leading vendors and their innovative profiles. These include Alfa Laval AB, Andritz AG, Babcock & Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited, Byworth Boilers Limited, Cleaver-Brooks, Inc., Dongfang Electric Corporation, ETA Heiztechnik GmbH, General Electric Company, Harbin Electric Corporation Co., Ltd., Hurst Boiler & Welding Co, Inc., IHI Corporation, Indeck Power Equipment Company, John Wood Group PLC, Mitsubishi Heavy Industries, Ltd., Miura Co., Ltd., Robert Bosch GmbH, Sid E. Parker Boiler Mfg. Company, Inc., Siemens AG, Sofinter S.p.A., Sussman Electric Boilers, and Thermax Limited.

Market Segmentation & Coverage

This research report categorizes the Industrial Boilers Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Fuel Type, market is studied across Coal, Natural Gas & Biomass, and Oil.
• Based on Boiler Type, market is studied across Fire-tube and Water-tube.
• Based on Boiler Horsepower, market is studied across 10-150 BHP, 151-300 BHP, and 301-600 BHP.
• Based on End-Use Industry, market is studied across Chemical, Energy, Food, Metals & Mining, and Refineries.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Rapid Increase in Industrialization and Increasing Number of Refineries
    • 5.1.1.2. Demand for Green and Eco-Friendly Boilers
    • 5.1.1.3. Increasing Demand for Electricity and Investment in Power Generation Plants
  • 5.1.2. Restraints
    • 5.1.2.1. Significant Capital Investment and High Cost of Installation
    • 5.1.2.2. Limited Capacity of Fire-Tube Boiler
  • 5.1.3. Opportunities
    • 5.1.3.1. Technology Breakthroughs Associated with IIoT and Remote Monitoring in Industrial Boilers
    • 5.1.3.2. Advances in Fire-Tube Heat Exchangers
  • 5.1.4. Challenges
    • 5.1.4.1. Issues Related to Scaling, Corrosion, and Slagging in Industrial Boilers
• 5.2. Market Segmentation Analysis
  • 5.2.1. Fuel Type: Higher demand of coal as significant fuel source
  • 5.2.2. End-Use industries: Following strict regulations to operate under high temperatures and pressures, requires industrial boilers in the refining process of crude oil into usable products
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental
• 5.5. Client Customization

6. Industrial Boilers Market, by Fuel Type

• 6.1. Introduction
• 6.2. Coal
• 6.3. Natural Gas & Biomass
• 6.4. Oil

7. Industrial Boilers Market, by Boiler Type

• 7.1. Introduction
• 7.2. Fire-tube
• 7.3. Water-tube

8. Industrial Boilers Market, by Boiler Horsepower

• 8.1. Introduction
• 8.2. 10-150 BHP
• 8.3. 151-300 BHP
• 8.4. 301-600 BHP

9. Industrial Boilers Market, by End-Use Industry

• 9.1. Introduction
• 9.2. Chemical
• 9.3. Energy
• 9.4. Food
• 9.5. Metals & Mining
• 9.6. Refineries

10. Americas Industrial Boilers Market

• 10.1. Introduction
• 10.2. Argentina
• 10.3. Brazil
• 10.4. Canada
• 10.5. Mexico
• 10.6. United States

11. Asia-Pacific Industrial Boilers Market

• 11.1. Introduction
• 11.2. Australia
• 11.3. China
• 11.4. India
• 11.5. Indonesia
• 11.6. Japan
• 11.7. Malaysia
• 11.8. Philippines
• 11.9. Singapore
• 11.10. South Korea
• 11.11. Taiwan
• 11.12. Thailand
• 11.13. Vietnam

12. Europe, Middle East & Africa Industrial Boilers Market

• 12.1. Introduction
• 12.2. Denmark
• 12.3. Egypt
• 12.4. Finland
• 12.5. France
• 12.6. Germany
• 12.7. Israel
• 12.8. Italy
• 12.9. Netherlands
• 12.10. Nigeria
• 12.11. Norway
• 12.12. Poland
• 12.13. Qatar
• 12.14. Russia
• 12.15. Saudi Arabia
• 12.16. South Africa
• 12.17. Spain
• 12.18. Sweden
• 12.19. Switzerland
• 12.20. Turkey
• 12.21. United Arab Emirates
• 12.22. United Kingdom

13. Competitive Landscape

• 13.1. Market Share Analysis, 2023
• 13.2. FPNV Positioning Matrix, 2023
• 13.3. Competitive Scenario Analysis
  • 13.3.1. TBWES secures INR 513 crore order for CBFC boilers in botswana, targets enhanced local energy supply and market expansion
  • 13.3.2. Daikin forms strategic alliance with Miura corporation to revolutionize energy efficiency in japanese factories
  • 13.3.3. AtmosZero raises USD 21 million in series A to commercialize electric boilers
  • 13.3.4. Siemens acquires BuntPlanet to strengthen its artificial intelligence portfolio in the water sector
  • 13.3.5. Northleaf to invest in EVPassport; Mutares to buy into Sofinter
  • 13.3.6. Valmet and thyssenkrupp Industries India sign a cooperation agreement for process automation

Companies Mentioned

• 1. Alfa Laval AB
• 2. Andritz AG
• 3. Babcock & Wilcox Enterprises, Inc.
• 4. Bharat Heavy Electricals Limited
• 5. Byworth Boilers Limited
• 6. Cleaver-Brooks, Inc.
• 7. Dongfang Electric Corporation
• 8. ETA Heiztechnik GmbH
• 9. General Electric Company
• 10. Harbin Electric Corporation Co., Ltd.
• 11. Hurst Boiler & Welding Co, Inc.
• 12. IHI Corporation
• 13. Indeck Power Equipment Company
• 14. John Wood Group PLC
• 15. Mitsubishi Heavy Industries, Ltd.
• 16. Miura Co., Ltd.
• 17. Robert Bosch GmbH
• 18. Sid E. Parker Boiler Mfg. Company, Inc.
• 19. Siemens AG
• 20. Sofinter S.p.A.
• 21. Sussman Electric Boilers
• 22. Thermax Limited