Industrial Boilers Market by Fuel (Natural Gas, Coal, Oil), Boiler (Fire-Tube, Water Tube), Function (Hot Water, Steam), Boiler Horsepower (10-150 BHP, 151-300 BHP, 301-600 BHP), End-Use Industry, And Region - Global Forecast to 2030
Industrial Boilers Market by Fuel (Natural Gas, Coal, Oil), Boiler (Fire-Tube, Water Tube), Function (Hot Water, Steam), Boiler Horsepower (10-150 BHP, 151-300 BHP, 301-600 BHP), End-Use Industry, And Region - Global Forecast to 2030
Abstract
The global market size of industrial boilers is projected to grow from USD 15.3 billion in 2022 to USD 19.8 billion by 2030, at a CAGR of 3.3% during the forecast period. The stringent government regulations designed to minimize carbon emissions and maximize the use of renewable energy drives increased demand for power and food industries, as well as the use of clean technology in the chemical industry. This market is predicted to grow rapidly in the coming years.
In terms of value,water-tube accounts for the fastest-growing segment in industrial boilers market, by boiler type, during the forecast period.
The water-tube boiler segment is the fastest-growing application type of industrial boiler. In terms of value, it is projected to register a CAGR of 3.7% between 2022 and 2030. Water-tube boilers are particularly attractive in applications that require dry, high-pressure, high-energy steam, including steam turbine power generation. Water-tube industrial boilers are preferred in various industrial applications, such as chemical processing, pulp & paper, and refining units. They can be easily replaced or repaired.
In terms of value, coal is estimated to be account for sluggish growing segment in industrial boilers market, by fuel type, during the forecast period.
Coal is estimated to witness sluggish growth in the market during 2022-2030. This is attributed to the increasing demand for renewables. However, coal is widely available for industrial boilers and is more economical than other fuel types, such as nuclear energy and biomass.
In terms of value, 10-150 BHP is estimated to be third fastest-growing segment in industrial boilers market, by boiler horsepower type, during the forecast period.
The 10-150 BHP boilers segment is the third fastest-growing boiler horsepower type of industrial boiler. In terms of value, it is projected to register a CAGR of 2.9% between 2022 and 2030. Small-sized industrial boilers range from 10–150 BHP in terms of capacity and are used for steam and hot water applications in various industries like food processing & paper & pulp. They are available in standard designs based on their sizes with low customizations. These boilers are easy to install and are the highest manufactured industrial boilers worldwide. They are used in factories, schools, hospitals, and other large buildings requiring efficient heating.
In terms of value, hot-water is estimated to fastest growing segment in industrial boilers market, by function type, during the forecast period.
The hot water boilers segment is the fastest-growing function type of industrial boiler. In terms of value, it is projected to register a CAGR of 3.8% between 2022 and 2030. Hot water boilers are used in residential, commercial, and institutional buildings. These boilers are designed to operate on various fuel types such as heavy oil, light oil, gas, dual fuel, coal, husk, and other agro-waste fuels. They offer high efficiency, low maintenance, and good durability.
In terms of value, paper & pulp is estimated to be third fastest-growing segment in industrial boilers market, by end use, during the forecast period.
Paper & pulp is the third fastest growing segment by end-use during the forecast period 2022-2030. Industrial boilers generate steam for power and process systems in the paper industry. The high-pressure steam is used in steam turbines to generate electricity for the paper mill. The pulp & paper industry requires medium and low-pressure steam for various process applications, such as heating and cooking the wood chips to make wood pulp. In paper mills, steam is used in other applications such as heating chemicals, dryer drums, and other processes.
North America region accounted for the third-fastest growing segment in the industrial boilers market by value.
North America is the third-largest industrial boilers market in terms of value, in 2022. The countries in the region have already started implementing new regulations that promote the wide use of renewable fuels based boilers. North America houses many industrial boilers manufacturers. The region relies heavily on coal and gas for electricity generation. However, with the new regulations in compliance with the US Environmental Protection Agency’s Mercury and Air Toxics Standards, net coal production capacity decreased by nearly 60 gigawatts (GW). It is further estimated that between 2017 and 2030, an additional 65 GW of coal-fired generating capacity would shut down due to competitively priced natural gas and increasing energy generation from renewable sources.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the industrial boilers market, and information was gathered from secondary research to determine and verify the market size of several segments. The break-up of the primaries is as follows:
•By Company Type: Tier 1 – 30%, Tier 2 – 35%, and Tier 3 – 35%
•By Designation: C Level Executives– 20%, Directors – 40%, and Others – 40%
•By Region: Asia Pacific – 50%, Europe – 20%, North America – 10%, the Middle East & Africa – 10%, and South America- 10%
Babcock & Wilcox Enterprises INC (US), Siemens AG (Germany), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC LTD) (China), Mitsubishi Power (Japan), Thermax Limited (India), Sofinter Group (Italy), Bharat Heavy Electricals Limited (BHEL) (India), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), Andritz AG (Austria), Robert Bosch GMBH (Germany), Cleaver Brooks Inc. (US), and Byworth Boilers Limited (UK) are the key players in the industrial boilers market
Research Coverage:
This research report categorizes the industrial boilers market based on fuel type, boiler type, function type, boiler horse type, end use, and region. Based on fuel type, the market has been segmented into coal, natural gas, oil & others. Based on boiler type, the market has been segmented into fire-tube boilers & water-tube boilers. Based on the function type, industrial boilers have been segmented into steam & hot-water boilers. Based on the boiler horsepower type, industrial boilers are segmented into 10-150 BHP, 151-300 BHP, 301-600 BHP & Above 600 BHP. Based on end-use industry, the market has been segmented into chemicals & petrochemicals, food, metals &mining, power generation and others. Based on region, the industrial boilers market has been segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and South America. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches, investment & expansions, mergers & collaborations; and recent developments associated with the industrial boilers market.
Key Benefits of Buying the Report:
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the industrial boilers Insulation market; high growth regions; and market drivers, restraints, opportunities, and challenges.
Content
Table of Contents
1INTRODUCTION35
1.1STUDY OBJECTIVES35
1.2MARKET DEFINITION35
TABLE 1INDUSTRIAL BOILERS: DEFINITION35
1.2.1INCLUSIONS AND EXCLUSIONS36
TABLE 2INDUSTRIAL BOILERS MARKET: INCLUSIONS AND EXCLUSIONS36
1.3STUDY SCOPE36
1.3.1MARKETS COVERED36
FIGURE 1INDUSTRIAL BOILERS: MARKET SEGMENTATION36
1.3.2REGIONS COVERED37
1.3.3YEARS CONSIDERED37
1.4CURRENCY CONSIDERED38
1.5UNITS CONSIDERED38
1.6STAKEHOLDERS38
1.7SUMMARY OF CHANGES39
2RESEARCH METHODOLOGY40
2.1RESEARCH DATA40
FIGURE 2INDUSTRIAL BOILERS MARKET: RESEARCH DESIGN40
2.1.1SECONDARY DATA41
2.1.1.1Key data from secondary sources41
2.1.2PRIMARY DATA41
2.1.2.1Key data from primary sources42
2.1.3PRIMARY INTERVIEWS42
2.1.3.1Primary interviews—demand and supply sides42
2.1.3.2Key industry insights43
2.1.3.3Breakdown of primary interviews43
2.2MARKET SIZE ESTIMATION44
2.2.1TOP-DOWN APPROACH44
FIGURE 3MARKET SIZE ESTIMATION APPROACH44
2.2.1.1Arriving at market size using bottom-up approach44
FIGURE 4BOTTOM-UP APPROACH45
2.2.2TOP-DOWN APPROACH46
2.2.2.1Arriving at market size using top-down approach46
FIGURE 5TOP-DOWN APPROACH46
2.3DATA TRIANGULATION47
FIGURE 6INDUSTRIAL BOILERS MARKET: DATA TRIANGULATION47
2.4FACTOR ANALYSIS48
FIGURE 7INDUSTRIAL BOILERS MARKET: FACTOR ANALYSIS48
2.5RESEARCH ASSUMPTIONS48
2.6LIMITATIONS AND RISKS49
3EXECUTIVE SUMMARY50
FIGURE 8COAL SEGMENT TO REGISTER SLUGGISH MARKET GROWTH DURING FORECAST PERIOD50
FIGURE 9FIRE-TUBE TO DOMINATE BOILER TYPE DURING FORECAST PERIOD51
FIGURE 10STEAM BOILERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD51
FIGURE 1110–150 BHP SEGMENT TO DOMINATE DURING FORECAST PERIOD52
FIGURE 12CHEMICALS & PETROCHEMICALS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD52
FIGURE 13ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE53
4PREMIUM INSIGHTS54
4.1EMERGING ECONOMIES TO WITNESS HIGH GROWTH IN INDUSTRIAL BOILERS MARKET54
FIGURE 14ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD54
4.2INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE54
FIGURE 15STEAM BOILERS TO BE FASTEST GROWING FUNCTION TYPE DURING FORECAST PERIOD54
4.3INDUSTRIAL BOILERS MARKET, BY BOILER TYPE55
FIGURE 16WATER-TUBE BOILERS TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD55
4.4INDUSTRIAL BOILERS MARKET, BY FUEL TYPE55
FIGURE 17COAL-FUELED BOILERS TO REGISTER SLUGGISH GROWTH DURING FORECAST PERIOD55
4.5INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER56
FIGURE 18ABOVE 600 BHP TO BE FASTEST GROWING BOILER HORSEPOWER TYPE DURING FORECAST PERIOD56
4.6INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY56
FIGURE 19POWER GENERATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD56
4.7ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY AND COUNTRY57
FIGURE 20CHEMICALS & PETROCHEMICALS INDUSTRY AND CHINA ACCOUNTED FOR LARGEST MARKET SHARE57
5MARKET OVERVIEW58
5.1INTRODUCTION58
5.2MARKET DYNAMICS58
FIGURE 21DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL BOILERS MARKET58
5.2.1DRIVERS59
5.2.1.1Government policies to increase requirements for industrial boilers59
5.2.1.2Increasing demand from power and food & beverage industries59
5.2.1.3High demand for clean technology from chemical industries59
5.2.2RESTRAINTS60
5.2.2.1Significant capital investment and high installation and
maintenance cost60
5.2.3OPPORTUNITIES60
5.2.3.1Adoption of biomass boilers to achieve low carbon emission targets60
FIGURE 22ENERGY PRODUCED FROM BIOMASS (2005–2019) (TWH)60
5.2.3.2Replacement of aging boilers and adoption of supercritical and
ultra-supercritical boilers61
5.2.3.3Increasing demand for compact designs and lean operations61
5.2.4CHALLENGES61
5.2.4.1Stringent regulations and emission control61
5.2.4.2Increasing energy prices61
5.3PATENT ANALYSIS62
5.3.1METHODOLOGY62
5.3.2GLOBAL PATENT ANALYSIS62
TABLE 3PATENT COUNT62
FIGURE 23TOTAL NUMBER OF PATENTS62
5.3.3PUBLICATION TRENDS63
FIGURE 24TOTAL NUMBER OF PATENTS IN LAST 10 YEARS63
5.3.4INSIGHTS63
5.3.5LEGAL STATUS63
FIGURE 25PATENT ANALYSIS, BY LEGAL STATUS63
5.3.6JURISDICTION-WISE PATENT ANALYSIS64
FIGURE 26TOP JURISDICTIONS FOR INDUSTRIAL BOILER PATENTS64
5.3.7TOP COMPANIES/APPLICANTS64
FIGURE 27TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS64
5.3.8LEADING PATENT OWNERS (US)65
TABLE 4TOP 10 PATENT OWNERS, 2012–202265
5.4ECOSYSTEM MAPPING65
FIGURE 28INDUSTRIAL BOILERS ECOSYSTEM65
TABLE 5INDUSTRIAL BOILERS: ECOSYSTEM66
5.5VALUE CHAIN ANALYSIS66
FIGURE 29VALUE CHAIN ANALYSIS67
5.5.1RAW MATERIAL SUPPLIERS67
5.5.2MANUFACTURERS67
5.5.3DISTRIBUTORS67
5.5.4END USERS67
5.6TECHNOLOGY ANALYSIS68
5.6.1LOW NOX BOILERS68
5.6.2INDUSTRIAL INTERNET OF THINGS68
5.6.3REMOTE MONITORING68
5.7PRICING ANALYSIS68
5.7.1AVERAGE SELLING PRICE BY REGION68
FIGURE 30INDUSTRIAL BOILERS PRICES IN DIFFERENT REGIONS, 202168
FIGURE 31AVERAGE SELLING PRICE OF KEY PLAYERS FOR TOP THREE
END-USE SEGMENTS69
5.7.2AVERAGE SELLING PRICE BY KEY PLAYERS69
TABLE 6KEY PLAYERS: AVERAGE SELLING PRICE (USD ‘000/UNITS)69
5.8PORTER’S FIVE FORCES ANALYSIS70
FIGURE 32INDUSTRIAL BOILERS MARKET: PORTER’S FIVE FORCES ANALYSIS70
5.8.1THREAT OF SUBSTITUTES70
5.8.2BARGAINING POWER OF SUPPLIERS71
5.8.3THREAT OF NEW ENTRANTS71
5.8.4BARGAINING POWER OF BUYERS71
5.8.5INTENSITY OF COMPETITIVE RIVALRY72
TABLE 7INDUSTRIAL BOILERS: PORTER’S FIVE FORCES ANALYSIS72
5.9TRADE ANALYSIS73
5.9.1IMPORT–EXPORT SCENARIO OF INDUSTRIAL BOILERS MARKET73
TABLE 8IMPORT TRADE DATA FOR INDUSTRIAL BOILERS73
TABLE 9EXPORT TRADE DATA FOR INDUSTRIAL BOILERS74
5.10MACROECONOMIC INDICATORS75
5.10.1GDP TRENDS AND FORECASTS75
TABLE 10PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 2018–202575
5.11TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES76
FIGURE 33IMPACT OF TRENDS AND DISRUPTIONS ON CUSTOMERS’ BUSINESSES76
5.12KEY CONFERENCES AND EVENTS, 2023–202476
TABLE 11INDUSTRIAL BOILERS MARKET: CONFERENCES AND EVENTS76
5.13RECESSION IMPACT78
5.14TARIFF AND REGULATIONS79
5.14.1NORTH AMERICA79
5.14.2EUROPE79
5.14.3ASIA80
5.15CASE STUDY ANALYSIS80
5.15.1BYWORTH’S FELLSMAN HOT WATER BOILER FOR SHEFFIELD WEDNESDAY FOOTBALL CLUB80
5.15.2THERMAX’S CPFD FOR GOVIND DAIRY PHALTAN80
6INDUSTRIAL BOILERS MARKET, BY FUEL TYPE81
6.1INTRODUCTION82
FIGURE 34NATURAL GAS SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD82
TABLE 12INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)82
TABLE 13INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)83
TABLE 14INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (‘000 UNITS)83
TABLE 15INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (‘000 UNITS)83
6.2NATURAL GAS84
6.2.1REGULATORY GUIDELINES CONCERNING CO2 EMISSIONS TO DRIVE MARKET84
6.3COAL84
6.3.1ASIA PACIFIC TO DOMINATE COAL-FIRED INDUSTRIAL BOILERS MARKET84
6.4OIL85
6.4.1HIGH AVAILABILITY OF CRUDE OIL EXPECTED TO FUEL MARKET GROWTH85
6.5OTHERS85
7INDUSTRIAL BOILERS MARKET, BY BOILER TYPE86
7.1INTRODUCTION87
FIGURE 35FIRE-TUBE BOILERS SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD87
TABLE 16INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)87
TABLE 17INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)87
TABLE 18INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (‘000 UNITS)88
TABLE 19INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (‘000 UNITS)88
7.2FIRE-TUBE88
7.2.1FUEL-EFFICIENT FIRE-TUBE BOILERS EASIER TO OPERATE88
7.3WATER-TUBE89
7.3.1WATER-TUBE BOILERS TO BE HIGHLY EFFICACIOUS89
7.4OTHERS89
8INDUSTRIAL BOILERS MARKET, BY FUNCTION90
8.1INTRODUCTION91
FIGURE 36STEAM BOILERS TO DOMINATE DURING FORECAST PERIOD91
TABLE 20INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)91
TABLE 21INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)91
TABLE 22INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (‘000 UNITS)92
TABLE 23INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (‘000 UNITS)92
8.2HOT WATER92
8.2.1HIGH-TEMPERATURE HOT WATER BOILERS IDEAL FOR LARGER SYSTEMS92
8.3STEAM92
8.3.1STEAM BOILERS PREFERRED IN TURBINE AND POWER INDUSTRIES92
9INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER93
9.1INTRODUCTION94
FIGURE 3710–150 BHP SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD94
TABLE 24INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)94
TABLE 25INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)95
TABLE 26INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (‘000 UNITS)95
TABLE 27INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (‘000 UNITS)95
9.210–150 BHP96
9.2.1ASIA PACIFIC TO HOLD LARGEST MARKET SHARE FOR 10–150 BHP INDUSTRIAL BOILERS96
9.3151–300 BHP96
9.3.1PRECISE PRESSURE AND TEMPERATURE REQUIREMENT ACROSS END-USE INDUSTRIES TO FUEL MARKET GROWTH96
9.4301–600 BHP96
9.4.1INCREASING DEMAND FOR HIGH-PRESSURE STEAM OUTPUT TO PROPEL SEGMENT GROWTH96
10INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY97
10.1INTRODUCTION98
FIGURE 38CHEMICALS & PETROCHEMICALS SEGMENT PROJECTED TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD98
TABLE 28INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)98
TABLE 29INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)99
TABLE 30INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (‘000 UNITS)99
TABLE 31INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (‘000 UNITS)99
10.2CHEMICALS & PETROCHEMICALS100
10.2.1HIGH DEMAND FOR BULK CHEMICALS IN EMERGING ECONOMIES TO PROPEL SEGMENT GROWTH100
10.3FOOD100
10.3.1INCREASING DEMAND FOR PACKAGED FOODS TO FUEL SEGMENT GROWTH100
10.4PULP & PAPER101
10.4.1HIGH DEMAND FOR PAPER IN ASIA PACIFIC TO BOOST INDUSTRIAL GROWTH101
10.5METALS & MINING101
10.5.1INCREASING DEMAND FOR STEEL AND MINING INDUSTRIES TO DRIVE MARKET101
10.6POWER GENERATION102
10.6.1POWER GENERATION SEGMENT TO ENCOUNTER RAPID GROWTH DURING FORECAST PERIOD102
10.7OTHERS102
11REGIONAL ANALYSIS103
11.1INTRODUCTION104
FIGURE 39INDUSTRIAL BOILERS MARKET IN INDIA PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD104
TABLE 32INDUSTRIAL BOILERS MARKET, BY REGION, 2018–2021 (USD MILLION)104
TABLE 33INDUSTRIAL BOILERS MARKET, BY REGION, 2022–2030 (USD MILLION)105
TABLE 34INDUSTRIAL BOILERS MARKET, BY REGION, 2018–2021 (‘000 UNITS)105
TABLE 35INDUSTRIAL BOILERS MARKET, BY REGION, 2022–2030 (‘000 UNITS)105
11.2ASIA PACIFIC106
FIGURE 40ASIA PACIFIC INDUSTRIAL BOILERS MARKET SNAPSHOT107
TABLE 36ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)107
TABLE 37ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)108
TABLE 38ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)108
TABLE 39ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)108
TABLE 40ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)109
TABLE 41ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)109
TABLE 42ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)109
TABLE 43ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)109
TABLE 44ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)110
TABLE 45ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)110
TABLE 46ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)110
TABLE 47ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)110
TABLE 48ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)111
TABLE 49ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)111
11.2.1CHINA111
11.2.1.1Replacing coal-fired boilers by gas-fired boilers to fuel segment growth111
TABLE 50CHINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)112
TABLE 51CHINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)112
TABLE 52CHINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)112
TABLE 53CHINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)113
11.2.2INDIA113
11.2.2.1Increased demand from chemical industry to drive market113
TABLE 54INDIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)113
TABLE 55INDIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)114
TABLE 56INDIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)114
TABLE 57INDIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)114
11.2.3JAPAN115
11.2.3.1Increasing use of boilers in food & chemical end-use industry to propel market115
TABLE 58JAPAN: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)115
TABLE 59JAPAN: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)115
TABLE 60JAPAN: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)116
TABLE 61JAPAN: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)116
11.2.4SOUTH KOREA116
11.2.4.1Replacing coal-fired plants with LNG-based plants to achieve carbon neutrality116
TABLE 62SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)117
TABLE 63SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)117
TABLE 64SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)117
TABLE 65SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)118
11.2.5MALAYSIA118
11.2.5.1Rising demand for food products to propel market118
TABLE 66MALAYSIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)118
TABLE 67MALAYSIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)119
TABLE 68MALAYSIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)119
TABLE 69MALAYSIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)119
11.2.6AUSTRALIA120
11.2.6.1Adoption of renewable resources to meet electricity requirement120
TABLE 70AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)120
TABLE 71AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)120
TABLE 72AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)121
TABLE 73AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)121
11.2.7REST OF ASIA PACIFIC122
11.2.7.1Growth in chemical industries to drive market122
TABLE 74REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)122
TABLE 75REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)122
TABLE 76REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)122
TABLE 77REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)123
11.3EUROPE123
FIGURE 41EUROPE INDUSTRIAL BOILERS MARKET SNAPSHOT124
TABLE 78EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)124
TABLE 79EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)125
TABLE 80EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)125
TABLE 81EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)125
TABLE 82EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)126
TABLE 83EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)126
TABLE 84EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)126
TABLE 85EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)126
TABLE 86EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)127
TABLE 87EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)127
TABLE 88EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)127
TABLE 89EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)127
TABLE 90EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)128
TABLE 91EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)128
11.3.1GERMANY128
11.3.1.1Advancements in high-value fine chemicals to propel market128
TABLE 92GERMANY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)129
TABLE 93GERMANY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)129
TABLE 94GERMANY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)129
TABLE 95GERMANY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)130
11.3.2UK130
11.3.2.1Reducing carbon emissions to boost demand for hydrogen-fired industrial boilers130
TABLE 96UK: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)130
TABLE 97UK: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)131
TABLE 98UK: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)131
TABLE 99UK: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)131
11.3.3FRANCE132
11.3.3.1Rising demand from chemical industry to drive market132
TABLE 100FRANCE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)132
TABLE 101FRANCE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)132
TABLE 102FRANCE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)132
TABLE 103FRANCE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)133
11.3.4ITALY133
11.3.4.1Growth of food industries to increase demand for industrial boilers133
TABLE 104ITALY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)133
TABLE 105ITALY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)134
TABLE 106ITALY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)134
TABLE 107ITALY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)134
11.3.5TURKEY135
11.3.5.1Demand for processed food products to drive market135
TABLE 108TURKEY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)135
TABLE 109TURKEY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)135
TABLE 110TURKEY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)135
TABLE 111TURKEY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)136
11.3.6EASTERN EUROPE136
11.3.6.1Growing demand for industrial boilers in food end-use industry to fuel market growth136
TABLE 112EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)136
TABLE 113EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)137
TABLE 114EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)137
TABLE 115EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)137
11.3.7REST OF EUROPE138
11.3.7.1Increasing demand for chemicals and food products to propel market138
TABLE 116REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)138
TABLE 117REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)138
TABLE 118REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)138
TABLE 119REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)139
11.4NORTH AMERICA139
TABLE 120NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)139
TABLE 121NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)140
TABLE 122NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)140
TABLE 123NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)140
TABLE 124NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)140
TABLE 125NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)141
TABLE 126NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)141
TABLE 127NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)141
TABLE 128NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)141
TABLE 129NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)142
TABLE 130NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)142
TABLE 131NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)142
TABLE 132NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)143
TABLE 133NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)143
11.4.1US143
11.4.1.1Adoption of natural gas-fired boilers to meet clean energy requirement143
TABLE 134US: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)144
TABLE 135US: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)144
TABLE 136US: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)144
TABLE 137US: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)145
11.4.2CANADA145
11.4.2.1Significant presence of food processing companies to drive market145
TABLE 138CANADA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)145
TABLE 139CANADA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)146
TABLE 140CANADA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)146
TABLE 141CANADA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)146
11.4.3MEXICO147
11.4.3.1Rising demand from chemical segment to propel market147
TABLE 142MEXICO: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)147
TABLE 143MEXICO: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)147
TABLE 144MEXICO: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)147
TABLE 145MEXICO: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)148
11.5MIDDLE EAST & AFRICA148
TABLE 146MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)148
TABLE 147MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)149
TABLE 148MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)149
TABLE 149MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)149
TABLE 150MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)150
TABLE 151MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)150
TABLE 152MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)150
TABLE 153MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)151
TABLE 154MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)151
TABLE 155MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)151
TABLE 156MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)151
TABLE 157MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)152
TABLE 158MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)152
TABLE 159MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)152
11.5.1SAUDI ARABIA153
11.5.1.1Thermal energy consumption in chemical industries to fuel market growth153
TABLE 160SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)153
TABLE 161SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)153
TABLE 162SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)154
TABLE 163SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)154
11.5.2UAE154
11.5.2.1Increasing demand for basic chemicals, polymers, and fertilizers to fuel segment growth154
TABLE 164UAE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)155
TABLE 165UAE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)155
TABLE 166UAE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)155
TABLE 167UAE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)155
11.5.3EGYPT156
11.5.3.1Production of domestic fossil gas to reduce carbon consumption156
TABLE 168EGYPT: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)156
TABLE 169EGYPT: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)156
TABLE 170EGYPT: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)156
TABLE 171EGYPT: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)157
11.5.4REST OF MIDDLE EAST & AFRICA157
11.5.4.1Increasing demand for industrial chemicals and fertilizers to fuel market growth157
TABLE 172REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)157
TABLE 173REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)158
TABLE 174REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)158
TABLE 175REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)158
11.6SOUTH AMERICA159
TABLE 176SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)159
TABLE 177SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)159
TABLE 178SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)159
TABLE 179SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)160
TABLE 180SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)160
TABLE 181SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)160
TABLE 182SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)160
TABLE 183SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)161
TABLE 184SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)161
TABLE 185SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)161
TABLE 186SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)161
TABLE 187SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)162
TABLE 188SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)162
TABLE 189SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)162
11.6.1BRAZIL163
11.6.1.1Extensive use of natural gas and biomass to drive market163
TABLE 190BRAZIL: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)163
TABLE 191BRAZIL: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)163
TABLE 192BRAZIL: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)163
TABLE 193BRAZIL: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)164
11.6.2ARGENTINA164
11.6.2.1Adoption of renewable energy to boost market164
TABLE 194ARGENTINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)164
TABLE 195ARGENTINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)165
TABLE 196ARGENTINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)165
TABLE 197ARGENTINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)165
11.6.3REST OF SOUTH AMERICA166
11.6.3.1Expansion of food end-use industries to fuel market growth166
TABLE 198REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)166
TABLE 199REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)166
TABLE 200REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)166
TABLE 201REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)167
12COMPETITIVE LANDSCAPE168
12.1OVERVIEW168
FIGURE 42COMPANIES ADOPTED ACQUISITIONS AND EXPANSIONS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022168
12.2RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022169
FIGURE 43RANKING OF TOP FIVE PLAYERS IN INDUSTRIAL BOILERS MARKET, 2022169
12.3MARKET SHARE ANALYSIS169
FIGURE 44INDUSTRIAL BOILERS MARKET SHARE, BY COMPANY, 2021169
TABLE 202INDUSTRIAL BOILERS MARKET: DEGREE OF COMPETITION170
12.4REVENUE ANALYSIS OF TOP PLAYERS171
TABLE 203INDUSTRIAL BOILERS MARKET: REVENUE ANALYSIS (USD)171
12.5MARKET EVALUATION MATRIX172
TABLE 204MARKET EVALUATION MATRIX172
12.6COMPANY EVALUATION MATRIX, 2022 (TIER 1)173
12.6.1STARS173
12.6.2EMERGING LEADERS173
12.6.3PERVASIVE PLAYERS173
12.6.4PARTICIPANTS173
FIGURE 45INDUSTRIAL BOILERS MARKET: COMPANY EVALUATION MATRIX, 2022174
12.7STARTUP AND SME EVALUATION MATRIX175
12.7.1RESPONSIVE COMPANIES175
12.7.2STARTING BLOCKS175
12.7.3PROGRESSIVE COMPANIES175
12.7.4DYNAMIC COMPANIES175
FIGURE 46INDUSTRIAL BOILERS MARKET: STARTUPS AND SMES MATRIX, 2022176
12.8COMPANY END-USE INDUSTRY FOOTPRINT176
12.9COMPANY REGION FOOTPRINT178
12.10STRENGTH OF PRODUCT PORTFOLIO179
12.11BUSINESS STRATEGY EXCELLENCE180
12.12COMPETITIVE SCENARIO181
12.12.1PRODUCT LAUNCHES181
TABLE 205PRODUCT LAUNCHES, 2018–2022181
12.12.2DEALS182
TABLE 206DEALS, 2018–2022182
12.12.3OTHER DEVELOPMENTS184
TABLE 207OTHER DEVELOPMENTS, 2018–2021184
In terms of value,water-tube accounts for the fastest-growing segment in industrial boilers market, by boiler type, during the forecast period.
The water-tube boiler segment is the fastest-growing application type of industrial boiler. In terms of value, it is projected to register a CAGR of 3.7% between 2022 and 2030. Water-tube boilers are particularly attractive in applications that require dry, high-pressure, high-energy steam, including steam turbine power generation. Water-tube industrial boilers are preferred in various industrial applications, such as chemical processing, pulp & paper, and refining units. They can be easily replaced or repaired.
In terms of value, coal is estimated to be account for sluggish growing segment in industrial boilers market, by fuel type, during the forecast period.
Coal is estimated to witness sluggish growth in the market during 2022-2030. This is attributed to the increasing demand for renewables. However, coal is widely available for industrial boilers and is more economical than other fuel types, such as nuclear energy and biomass.
In terms of value, 10-150 BHP is estimated to be third fastest-growing segment in industrial boilers market, by boiler horsepower type, during the forecast period.
The 10-150 BHP boilers segment is the third fastest-growing boiler horsepower type of industrial boiler. In terms of value, it is projected to register a CAGR of 2.9% between 2022 and 2030. Small-sized industrial boilers range from 10–150 BHP in terms of capacity and are used for steam and hot water applications in various industries like food processing & paper & pulp. They are available in standard designs based on their sizes with low customizations. These boilers are easy to install and are the highest manufactured industrial boilers worldwide. They are used in factories, schools, hospitals, and other large buildings requiring efficient heating.
In terms of value, hot-water is estimated to fastest growing segment in industrial boilers market, by function type, during the forecast period.
The hot water boilers segment is the fastest-growing function type of industrial boiler. In terms of value, it is projected to register a CAGR of 3.8% between 2022 and 2030. Hot water boilers are used in residential, commercial, and institutional buildings. These boilers are designed to operate on various fuel types such as heavy oil, light oil, gas, dual fuel, coal, husk, and other agro-waste fuels. They offer high efficiency, low maintenance, and good durability.
In terms of value, paper & pulp is estimated to be third fastest-growing segment in industrial boilers market, by end use, during the forecast period.
Paper & pulp is the third fastest growing segment by end-use during the forecast period 2022-2030. Industrial boilers generate steam for power and process systems in the paper industry. The high-pressure steam is used in steam turbines to generate electricity for the paper mill. The pulp & paper industry requires medium and low-pressure steam for various process applications, such as heating and cooking the wood chips to make wood pulp. In paper mills, steam is used in other applications such as heating chemicals, dryer drums, and other processes.
North America region accounted for the third-fastest growing segment in the industrial boilers market by value.
North America is the third-largest industrial boilers market in terms of value, in 2022. The countries in the region have already started implementing new regulations that promote the wide use of renewable fuels based boilers. North America houses many industrial boilers manufacturers. The region relies heavily on coal and gas for electricity generation. However, with the new regulations in compliance with the US Environmental Protection Agency’s Mercury and Air Toxics Standards, net coal production capacity decreased by nearly 60 gigawatts (GW). It is further estimated that between 2017 and 2030, an additional 65 GW of coal-fired generating capacity would shut down due to competitively priced natural gas and increasing energy generation from renewable sources.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the industrial boilers market, and information was gathered from secondary research to determine and verify the market size of several segments. The break-up of the primaries is as follows:
•By Company Type: Tier 1 – 30%, Tier 2 – 35%, and Tier 3 – 35%
•By Designation: C Level Executives– 20%, Directors – 40%, and Others – 40%
•By Region: Asia Pacific – 50%, Europe – 20%, North America – 10%, the Middle East & Africa – 10%, and South America- 10%
Babcock & Wilcox Enterprises INC (US), Siemens AG (Germany), John Wood Group PLC (UK), Dongfang Electric Corporation Limited (DEC LTD) (China), Mitsubishi Power (Japan), Thermax Limited (India), Sofinter Group (Italy), Bharat Heavy Electricals Limited (BHEL) (India), Harbin Electric Company Limited (China), IHI Corporation (Japan), Alfa Laval AB (Sweden), Andritz AG (Austria), Robert Bosch GMBH (Germany), Cleaver Brooks Inc. (US), and Byworth Boilers Limited (UK) are the key players in the industrial boilers market
Research Coverage:
This research report categorizes the industrial boilers market based on fuel type, boiler type, function type, boiler horse type, end use, and region. Based on fuel type, the market has been segmented into coal, natural gas, oil & others. Based on boiler type, the market has been segmented into fire-tube boilers & water-tube boilers. Based on the function type, industrial boilers have been segmented into steam & hot-water boilers. Based on the boiler horsepower type, industrial boilers are segmented into 10-150 BHP, 151-300 BHP, 301-600 BHP & Above 600 BHP. Based on end-use industry, the market has been segmented into chemicals & petrochemicals, food, metals &mining, power generation and others. Based on region, the industrial boilers market has been segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and South America. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches, investment & expansions, mergers & collaborations; and recent developments associated with the industrial boilers market.
Key Benefits of Buying the Report:
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the industrial boilers Insulation market; high growth regions; and market drivers, restraints, opportunities, and challenges.
1INTRODUCTION35
1.1STUDY OBJECTIVES35
1.2MARKET DEFINITION35
TABLE 1INDUSTRIAL BOILERS: DEFINITION35
1.2.1INCLUSIONS AND EXCLUSIONS36
TABLE 2INDUSTRIAL BOILERS MARKET: INCLUSIONS AND EXCLUSIONS36
1.3STUDY SCOPE36
1.3.1MARKETS COVERED36
FIGURE 1INDUSTRIAL BOILERS: MARKET SEGMENTATION36
1.3.2REGIONS COVERED37
1.3.3YEARS CONSIDERED37
1.4CURRENCY CONSIDERED38
1.5UNITS CONSIDERED38
1.6STAKEHOLDERS38
1.7SUMMARY OF CHANGES39
2RESEARCH METHODOLOGY40
2.1RESEARCH DATA40
FIGURE 2INDUSTRIAL BOILERS MARKET: RESEARCH DESIGN40
2.1.1SECONDARY DATA41
2.1.1.1Key data from secondary sources41
2.1.2PRIMARY DATA41
2.1.2.1Key data from primary sources42
2.1.3PRIMARY INTERVIEWS42
2.1.3.1Primary interviews—demand and supply sides42
2.1.3.2Key industry insights43
2.1.3.3Breakdown of primary interviews43
2.2MARKET SIZE ESTIMATION44
2.2.1TOP-DOWN APPROACH44
FIGURE 3MARKET SIZE ESTIMATION APPROACH44
2.2.1.1Arriving at market size using bottom-up approach44
FIGURE 4BOTTOM-UP APPROACH45
2.2.2TOP-DOWN APPROACH46
2.2.2.1Arriving at market size using top-down approach46
FIGURE 5TOP-DOWN APPROACH46
2.3DATA TRIANGULATION47
FIGURE 6INDUSTRIAL BOILERS MARKET: DATA TRIANGULATION47
2.4FACTOR ANALYSIS48
FIGURE 7INDUSTRIAL BOILERS MARKET: FACTOR ANALYSIS48
2.5RESEARCH ASSUMPTIONS48
2.6LIMITATIONS AND RISKS49
3EXECUTIVE SUMMARY50
FIGURE 8COAL SEGMENT TO REGISTER SLUGGISH MARKET GROWTH DURING FORECAST PERIOD50
FIGURE 9FIRE-TUBE TO DOMINATE BOILER TYPE DURING FORECAST PERIOD51
FIGURE 10STEAM BOILERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD51
FIGURE 1110–150 BHP SEGMENT TO DOMINATE DURING FORECAST PERIOD52
FIGURE 12CHEMICALS & PETROCHEMICALS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD52
FIGURE 13ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE53
4PREMIUM INSIGHTS54
4.1EMERGING ECONOMIES TO WITNESS HIGH GROWTH IN INDUSTRIAL BOILERS MARKET54
FIGURE 14ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD54
4.2INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE54
FIGURE 15STEAM BOILERS TO BE FASTEST GROWING FUNCTION TYPE DURING FORECAST PERIOD54
4.3INDUSTRIAL BOILERS MARKET, BY BOILER TYPE55
FIGURE 16WATER-TUBE BOILERS TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD55
4.4INDUSTRIAL BOILERS MARKET, BY FUEL TYPE55
FIGURE 17COAL-FUELED BOILERS TO REGISTER SLUGGISH GROWTH DURING FORECAST PERIOD55
4.5INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER56
FIGURE 18ABOVE 600 BHP TO BE FASTEST GROWING BOILER HORSEPOWER TYPE DURING FORECAST PERIOD56
4.6INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY56
FIGURE 19POWER GENERATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD56
4.7ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY AND COUNTRY57
FIGURE 20CHEMICALS & PETROCHEMICALS INDUSTRY AND CHINA ACCOUNTED FOR LARGEST MARKET SHARE57
5MARKET OVERVIEW58
5.1INTRODUCTION58
5.2MARKET DYNAMICS58
FIGURE 21DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL BOILERS MARKET58
5.2.1DRIVERS59
5.2.1.1Government policies to increase requirements for industrial boilers59
5.2.1.2Increasing demand from power and food & beverage industries59
5.2.1.3High demand for clean technology from chemical industries59
5.2.2RESTRAINTS60
5.2.2.1Significant capital investment and high installation and
maintenance cost60
5.2.3OPPORTUNITIES60
5.2.3.1Adoption of biomass boilers to achieve low carbon emission targets60
FIGURE 22ENERGY PRODUCED FROM BIOMASS (2005–2019) (TWH)60
5.2.3.2Replacement of aging boilers and adoption of supercritical and
ultra-supercritical boilers61
5.2.3.3Increasing demand for compact designs and lean operations61
5.2.4CHALLENGES61
5.2.4.1Stringent regulations and emission control61
5.2.4.2Increasing energy prices61
5.3PATENT ANALYSIS62
5.3.1METHODOLOGY62
5.3.2GLOBAL PATENT ANALYSIS62
TABLE 3PATENT COUNT62
FIGURE 23TOTAL NUMBER OF PATENTS62
5.3.3PUBLICATION TRENDS63
FIGURE 24TOTAL NUMBER OF PATENTS IN LAST 10 YEARS63
5.3.4INSIGHTS63
5.3.5LEGAL STATUS63
FIGURE 25PATENT ANALYSIS, BY LEGAL STATUS63
5.3.6JURISDICTION-WISE PATENT ANALYSIS64
FIGURE 26TOP JURISDICTIONS FOR INDUSTRIAL BOILER PATENTS64
5.3.7TOP COMPANIES/APPLICANTS64
FIGURE 27TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS64
5.3.8LEADING PATENT OWNERS (US)65
TABLE 4TOP 10 PATENT OWNERS, 2012–202265
5.4ECOSYSTEM MAPPING65
FIGURE 28INDUSTRIAL BOILERS ECOSYSTEM65
TABLE 5INDUSTRIAL BOILERS: ECOSYSTEM66
5.5VALUE CHAIN ANALYSIS66
FIGURE 29VALUE CHAIN ANALYSIS67
5.5.1RAW MATERIAL SUPPLIERS67
5.5.2MANUFACTURERS67
5.5.3DISTRIBUTORS67
5.5.4END USERS67
5.6TECHNOLOGY ANALYSIS68
5.6.1LOW NOX BOILERS68
5.6.2INDUSTRIAL INTERNET OF THINGS68
5.6.3REMOTE MONITORING68
5.7PRICING ANALYSIS68
5.7.1AVERAGE SELLING PRICE BY REGION68
FIGURE 30INDUSTRIAL BOILERS PRICES IN DIFFERENT REGIONS, 202168
FIGURE 31AVERAGE SELLING PRICE OF KEY PLAYERS FOR TOP THREE
END-USE SEGMENTS69
5.7.2AVERAGE SELLING PRICE BY KEY PLAYERS69
TABLE 6KEY PLAYERS: AVERAGE SELLING PRICE (USD ‘000/UNITS)69
5.8PORTER’S FIVE FORCES ANALYSIS70
FIGURE 32INDUSTRIAL BOILERS MARKET: PORTER’S FIVE FORCES ANALYSIS70
5.8.1THREAT OF SUBSTITUTES70
5.8.2BARGAINING POWER OF SUPPLIERS71
5.8.3THREAT OF NEW ENTRANTS71
5.8.4BARGAINING POWER OF BUYERS71
5.8.5INTENSITY OF COMPETITIVE RIVALRY72
TABLE 7INDUSTRIAL BOILERS: PORTER’S FIVE FORCES ANALYSIS72
5.9TRADE ANALYSIS73
5.9.1IMPORT–EXPORT SCENARIO OF INDUSTRIAL BOILERS MARKET73
TABLE 8IMPORT TRADE DATA FOR INDUSTRIAL BOILERS73
TABLE 9EXPORT TRADE DATA FOR INDUSTRIAL BOILERS74
5.10MACROECONOMIC INDICATORS75
5.10.1GDP TRENDS AND FORECASTS75
TABLE 10PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 2018–202575
5.11TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES76
FIGURE 33IMPACT OF TRENDS AND DISRUPTIONS ON CUSTOMERS’ BUSINESSES76
5.12KEY CONFERENCES AND EVENTS, 2023–202476
TABLE 11INDUSTRIAL BOILERS MARKET: CONFERENCES AND EVENTS76
5.13RECESSION IMPACT78
5.14TARIFF AND REGULATIONS79
5.14.1NORTH AMERICA79
5.14.2EUROPE79
5.14.3ASIA80
5.15CASE STUDY ANALYSIS80
5.15.1BYWORTH’S FELLSMAN HOT WATER BOILER FOR SHEFFIELD WEDNESDAY FOOTBALL CLUB80
5.15.2THERMAX’S CPFD FOR GOVIND DAIRY PHALTAN80
6INDUSTRIAL BOILERS MARKET, BY FUEL TYPE81
6.1INTRODUCTION82
FIGURE 34NATURAL GAS SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD82
TABLE 12INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)82
TABLE 13INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)83
TABLE 14INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (‘000 UNITS)83
TABLE 15INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (‘000 UNITS)83
6.2NATURAL GAS84
6.2.1REGULATORY GUIDELINES CONCERNING CO2 EMISSIONS TO DRIVE MARKET84
6.3COAL84
6.3.1ASIA PACIFIC TO DOMINATE COAL-FIRED INDUSTRIAL BOILERS MARKET84
6.4OIL85
6.4.1HIGH AVAILABILITY OF CRUDE OIL EXPECTED TO FUEL MARKET GROWTH85
6.5OTHERS85
7INDUSTRIAL BOILERS MARKET, BY BOILER TYPE86
7.1INTRODUCTION87
FIGURE 35FIRE-TUBE BOILERS SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD87
TABLE 16INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)87
TABLE 17INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)87
TABLE 18INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (‘000 UNITS)88
TABLE 19INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (‘000 UNITS)88
7.2FIRE-TUBE88
7.2.1FUEL-EFFICIENT FIRE-TUBE BOILERS EASIER TO OPERATE88
7.3WATER-TUBE89
7.3.1WATER-TUBE BOILERS TO BE HIGHLY EFFICACIOUS89
7.4OTHERS89
8INDUSTRIAL BOILERS MARKET, BY FUNCTION90
8.1INTRODUCTION91
FIGURE 36STEAM BOILERS TO DOMINATE DURING FORECAST PERIOD91
TABLE 20INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)91
TABLE 21INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)91
TABLE 22INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (‘000 UNITS)92
TABLE 23INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (‘000 UNITS)92
8.2HOT WATER92
8.2.1HIGH-TEMPERATURE HOT WATER BOILERS IDEAL FOR LARGER SYSTEMS92
8.3STEAM92
8.3.1STEAM BOILERS PREFERRED IN TURBINE AND POWER INDUSTRIES92
9INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER93
9.1INTRODUCTION94
FIGURE 3710–150 BHP SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD94
TABLE 24INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)94
TABLE 25INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)95
TABLE 26INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (‘000 UNITS)95
TABLE 27INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (‘000 UNITS)95
9.210–150 BHP96
9.2.1ASIA PACIFIC TO HOLD LARGEST MARKET SHARE FOR 10–150 BHP INDUSTRIAL BOILERS96
9.3151–300 BHP96
9.3.1PRECISE PRESSURE AND TEMPERATURE REQUIREMENT ACROSS END-USE INDUSTRIES TO FUEL MARKET GROWTH96
9.4301–600 BHP96
9.4.1INCREASING DEMAND FOR HIGH-PRESSURE STEAM OUTPUT TO PROPEL SEGMENT GROWTH96
10INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY97
10.1INTRODUCTION98
FIGURE 38CHEMICALS & PETROCHEMICALS SEGMENT PROJECTED TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD98
TABLE 28INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)98
TABLE 29INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)99
TABLE 30INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (‘000 UNITS)99
TABLE 31INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (‘000 UNITS)99
10.2CHEMICALS & PETROCHEMICALS100
10.2.1HIGH DEMAND FOR BULK CHEMICALS IN EMERGING ECONOMIES TO PROPEL SEGMENT GROWTH100
10.3FOOD100
10.3.1INCREASING DEMAND FOR PACKAGED FOODS TO FUEL SEGMENT GROWTH100
10.4PULP & PAPER101
10.4.1HIGH DEMAND FOR PAPER IN ASIA PACIFIC TO BOOST INDUSTRIAL GROWTH101
10.5METALS & MINING101
10.5.1INCREASING DEMAND FOR STEEL AND MINING INDUSTRIES TO DRIVE MARKET101
10.6POWER GENERATION102
10.6.1POWER GENERATION SEGMENT TO ENCOUNTER RAPID GROWTH DURING FORECAST PERIOD102
10.7OTHERS102
11REGIONAL ANALYSIS103
11.1INTRODUCTION104
FIGURE 39INDUSTRIAL BOILERS MARKET IN INDIA PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD104
TABLE 32INDUSTRIAL BOILERS MARKET, BY REGION, 2018–2021 (USD MILLION)104
TABLE 33INDUSTRIAL BOILERS MARKET, BY REGION, 2022–2030 (USD MILLION)105
TABLE 34INDUSTRIAL BOILERS MARKET, BY REGION, 2018–2021 (‘000 UNITS)105
TABLE 35INDUSTRIAL BOILERS MARKET, BY REGION, 2022–2030 (‘000 UNITS)105
11.2ASIA PACIFIC106
FIGURE 40ASIA PACIFIC INDUSTRIAL BOILERS MARKET SNAPSHOT107
TABLE 36ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)107
TABLE 37ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)108
TABLE 38ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)108
TABLE 39ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)108
TABLE 40ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)109
TABLE 41ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)109
TABLE 42ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)109
TABLE 43ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)109
TABLE 44ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)110
TABLE 45ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)110
TABLE 46ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)110
TABLE 47ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)110
TABLE 48ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)111
TABLE 49ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)111
11.2.1CHINA111
11.2.1.1Replacing coal-fired boilers by gas-fired boilers to fuel segment growth111
TABLE 50CHINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)112
TABLE 51CHINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)112
TABLE 52CHINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)112
TABLE 53CHINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)113
11.2.2INDIA113
11.2.2.1Increased demand from chemical industry to drive market113
TABLE 54INDIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)113
TABLE 55INDIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)114
TABLE 56INDIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)114
TABLE 57INDIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)114
11.2.3JAPAN115
11.2.3.1Increasing use of boilers in food & chemical end-use industry to propel market115
TABLE 58JAPAN: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)115
TABLE 59JAPAN: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)115
TABLE 60JAPAN: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)116
TABLE 61JAPAN: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)116
11.2.4SOUTH KOREA116
11.2.4.1Replacing coal-fired plants with LNG-based plants to achieve carbon neutrality116
TABLE 62SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)117
TABLE 63SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)117
TABLE 64SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)117
TABLE 65SOUTH KOREA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)118
11.2.5MALAYSIA118
11.2.5.1Rising demand for food products to propel market118
TABLE 66MALAYSIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)118
TABLE 67MALAYSIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)119
TABLE 68MALAYSIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)119
TABLE 69MALAYSIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)119
11.2.6AUSTRALIA120
11.2.6.1Adoption of renewable resources to meet electricity requirement120
TABLE 70AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)120
TABLE 71AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)120
TABLE 72AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)121
TABLE 73AUSTRALIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)121
11.2.7REST OF ASIA PACIFIC122
11.2.7.1Growth in chemical industries to drive market122
TABLE 74REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)122
TABLE 75REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)122
TABLE 76REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)122
TABLE 77REST OF ASIA PACIFIC: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)123
11.3EUROPE123
FIGURE 41EUROPE INDUSTRIAL BOILERS MARKET SNAPSHOT124
TABLE 78EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)124
TABLE 79EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)125
TABLE 80EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)125
TABLE 81EUROPE: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)125
TABLE 82EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)126
TABLE 83EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)126
TABLE 84EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)126
TABLE 85EUROPE: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)126
TABLE 86EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)127
TABLE 87EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)127
TABLE 88EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)127
TABLE 89EUROPE: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)127
TABLE 90EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)128
TABLE 91EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)128
11.3.1GERMANY128
11.3.1.1Advancements in high-value fine chemicals to propel market128
TABLE 92GERMANY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)129
TABLE 93GERMANY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)129
TABLE 94GERMANY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)129
TABLE 95GERMANY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)130
11.3.2UK130
11.3.2.1Reducing carbon emissions to boost demand for hydrogen-fired industrial boilers130
TABLE 96UK: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)130
TABLE 97UK: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)131
TABLE 98UK: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)131
TABLE 99UK: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)131
11.3.3FRANCE132
11.3.3.1Rising demand from chemical industry to drive market132
TABLE 100FRANCE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)132
TABLE 101FRANCE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)132
TABLE 102FRANCE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)132
TABLE 103FRANCE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)133
11.3.4ITALY133
11.3.4.1Growth of food industries to increase demand for industrial boilers133
TABLE 104ITALY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)133
TABLE 105ITALY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)134
TABLE 106ITALY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)134
TABLE 107ITALY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)134
11.3.5TURKEY135
11.3.5.1Demand for processed food products to drive market135
TABLE 108TURKEY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)135
TABLE 109TURKEY: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)135
TABLE 110TURKEY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)135
TABLE 111TURKEY: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)136
11.3.6EASTERN EUROPE136
11.3.6.1Growing demand for industrial boilers in food end-use industry to fuel market growth136
TABLE 112EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)136
TABLE 113EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)137
TABLE 114EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)137
TABLE 115EASTERN EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)137
11.3.7REST OF EUROPE138
11.3.7.1Increasing demand for chemicals and food products to propel market138
TABLE 116REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)138
TABLE 117REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)138
TABLE 118REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)138
TABLE 119REST OF EUROPE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)139
11.4NORTH AMERICA139
TABLE 120NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)139
TABLE 121NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)140
TABLE 122NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)140
TABLE 123NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)140
TABLE 124NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)140
TABLE 125NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)141
TABLE 126NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)141
TABLE 127NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)141
TABLE 128NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)141
TABLE 129NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)142
TABLE 130NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)142
TABLE 131NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)142
TABLE 132NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)143
TABLE 133NORTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)143
11.4.1US143
11.4.1.1Adoption of natural gas-fired boilers to meet clean energy requirement143
TABLE 134US: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)144
TABLE 135US: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)144
TABLE 136US: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)144
TABLE 137US: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)145
11.4.2CANADA145
11.4.2.1Significant presence of food processing companies to drive market145
TABLE 138CANADA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)145
TABLE 139CANADA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)146
TABLE 140CANADA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)146
TABLE 141CANADA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)146
11.4.3MEXICO147
11.4.3.1Rising demand from chemical segment to propel market147
TABLE 142MEXICO: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)147
TABLE 143MEXICO: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)147
TABLE 144MEXICO: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)147
TABLE 145MEXICO: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)148
11.5MIDDLE EAST & AFRICA148
TABLE 146MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)148
TABLE 147MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)149
TABLE 148MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)149
TABLE 149MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)149
TABLE 150MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)150
TABLE 151MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)150
TABLE 152MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)150
TABLE 153MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)151
TABLE 154MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)151
TABLE 155MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)151
TABLE 156MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)151
TABLE 157MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)152
TABLE 158MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)152
TABLE 159MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)152
11.5.1SAUDI ARABIA153
11.5.1.1Thermal energy consumption in chemical industries to fuel market growth153
TABLE 160SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)153
TABLE 161SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)153
TABLE 162SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)154
TABLE 163SAUDI ARABIA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)154
11.5.2UAE154
11.5.2.1Increasing demand for basic chemicals, polymers, and fertilizers to fuel segment growth154
TABLE 164UAE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)155
TABLE 165UAE: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)155
TABLE 166UAE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)155
TABLE 167UAE: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)155
11.5.3EGYPT156
11.5.3.1Production of domestic fossil gas to reduce carbon consumption156
TABLE 168EGYPT: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)156
TABLE 169EGYPT: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)156
TABLE 170EGYPT: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)156
TABLE 171EGYPT: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)157
11.5.4REST OF MIDDLE EAST & AFRICA157
11.5.4.1Increasing demand for industrial chemicals and fertilizers to fuel market growth157
TABLE 172REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)157
TABLE 173REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)158
TABLE 174REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)158
TABLE 175REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)158
11.6SOUTH AMERICA159
TABLE 176SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)159
TABLE 177SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)159
TABLE 178SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)159
TABLE 179SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY COUNTRY, 2022–2030 (‘000 UNITS)160
TABLE 180SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2018–2021 (USD MILLION)160
TABLE 181SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER TYPE, 2022–2030 (USD MILLION)160
TABLE 182SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2018–2021 (USD MILLION)160
TABLE 183SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUEL TYPE, 2022–2030 (USD MILLION)161
TABLE 184SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)161
TABLE 185SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)161
TABLE 186SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2018–2021 (USD MILLION)161
TABLE 187SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY BOILER HORSEPOWER, 2022–2030 (USD MILLION)162
TABLE 188SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)162
TABLE 189SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)162
11.6.1BRAZIL163
11.6.1.1Extensive use of natural gas and biomass to drive market163
TABLE 190BRAZIL: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)163
TABLE 191BRAZIL: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)163
TABLE 192BRAZIL: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)163
TABLE 193BRAZIL: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)164
11.6.2ARGENTINA164
11.6.2.1Adoption of renewable energy to boost market164
TABLE 194ARGENTINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)164
TABLE 195ARGENTINA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)165
TABLE 196ARGENTINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)165
TABLE 197ARGENTINA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)165
11.6.3REST OF SOUTH AMERICA166
11.6.3.1Expansion of food end-use industries to fuel market growth166
TABLE 198REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2018–2021 (USD MILLION)166
TABLE 199REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY FUNCTION TYPE, 2022–2030 (USD MILLION)166
TABLE 200REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)166
TABLE 201REST OF SOUTH AMERICA: INDUSTRIAL BOILERS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)167
12COMPETITIVE LANDSCAPE168
12.1OVERVIEW168
FIGURE 42COMPANIES ADOPTED ACQUISITIONS AND EXPANSIONS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022168
12.2RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022169
FIGURE 43RANKING OF TOP FIVE PLAYERS IN INDUSTRIAL BOILERS MARKET, 2022169
12.3MARKET SHARE ANALYSIS169
FIGURE 44INDUSTRIAL BOILERS MARKET SHARE, BY COMPANY, 2021169
TABLE 202INDUSTRIAL BOILERS MARKET: DEGREE OF COMPETITION170
12.4REVENUE ANALYSIS OF TOP PLAYERS171
TABLE 203INDUSTRIAL BOILERS MARKET: REVENUE ANALYSIS (USD)171
12.5MARKET EVALUATION MATRIX172
TABLE 204MARKET EVALUATION MATRIX172
12.6COMPANY EVALUATION MATRIX, 2022 (TIER 1)173
12.6.1STARS173
12.6.2EMERGING LEADERS173
12.6.3PERVASIVE PLAYERS173
12.6.4PARTICIPANTS173
FIGURE 45INDUSTRIAL BOILERS MARKET: COMPANY EVALUATION MATRIX, 2022174
12.7STARTUP AND SME EVALUATION MATRIX175
12.7.1RESPONSIVE COMPANIES175
12.7.2STARTING BLOCKS175
12.7.3PROGRESSIVE COMPANIES175
12.7.4DYNAMIC COMPANIES175
FIGURE 46INDUSTRIAL BOILERS MARKET: STARTUPS AND SMES MATRIX, 2022176
12.8COMPANY END-USE INDUSTRY FOOTPRINT176
12.9COMPANY REGION FOOTPRINT178
12.10STRENGTH OF PRODUCT PORTFOLIO179
12.11BUSINESS STRATEGY EXCELLENCE180
12.12COMPETITIVE SCENARIO181
12.12.1PRODUCT LAUNCHES181
TABLE 205PRODUCT LAUNCHES, 2018–2022181
12.12.2DEALS182
TABLE 206DEALS, 2018–2022182
12.12.3OTHER DEVELOPMENTS184
TABLE 207OTHER DEVELOPMENTS, 2018–2021184
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