A Quick Overview of Boiler Market
The key object of this report on the Boiler Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Boiler Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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Boiler Market Scenario:
The Global Boiler Market size was valued at around USD 110 billion in 2023 & is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024-30. Rapid industrialization is creating a surge in the establishment of various industries which further creates the demand for boilers for associate purposes. Almost all industries from chemicals & pharmaceuticals to textiles require boilers for the purposes like water heating, gas heating, and generating steam.
Boiler Market – Industry Dynamics, Size, And Opportunity Forecast To 2030:
Market Driver – Rising Focus on Industrialization & Urbanization Across the Globe
Boilers play an important role in industrial processes such as power generation, generating steam, and hot water, rapid industrialization and urbanization across the globe are driving the market for boilers. Rising advancements across the major industries such as chemicals and petrochemicals, the textile industry, the food processing industry, the paper industry, mining, and power generation, etc., are continuously expanding the market of boilers as boilers help in most industrial activities.
Further, increasing urbanization is also driving the growth of the boiler industry because boilers are extensively used in residential units for various activities. Also, with increasing urban settlements, the demand for boilers is increasing in the market to fulfill various household purposes such as heating, generating steam, boiling fluids, and space heating.
Boiler Market Segmentation Analysis:
Boiler Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
By Boiler Type
- Hot Water Boilers- Market Size & Forecast 2019-2030, Thousand Units
- Gas Boilers- Market Size & Forecast 2019-2030, Thousand Units
- Steam Water Boilers- Market Size & Forecast 2019-2030, Thousand Units
- Others (Conventional Boilers, Regular Boilers, etc.)- Market Size & Forecast 2019-2030, Thousand Units
By Fuel Type
- Natural Gas- Market Size & Forecast 2019-2030, Thousand Units
- Coal- Market Size & Forecast 2019-2030, Thousand Units
- Oil- Market Size & Forecast 2019-2030, Thousand Units
- Electric– Market Size & Forecast 2019-2030, Thousand Units
By Tube Type
- Fire tube- Market Size & Forecast 2019-2030, Thousand Units
- Water tube- Market Size & Forecast 2019-2030, Thousand Units
By Horsepower Capacity
- 10-150 BHP- Market Size & Forecast 2019-2030, Thousand Units
- 151-300 BHP- Market Size & Forecast 2019-2030, Thousand Units
- 301- 600 BHP- Market Size & Forecast 2019-2030, Thousand Units
- >600 BHP- Market Size & Forecast 2019-2030, Thousand Units
By End User
- Residential- Market Size & Forecast 2019-2030, Thousand Units
- Commercial- Market Size & Forecast 2019-2030, Thousand Units
- Industrial- Market Size & Forecast 2019-2030, Thousand Units
- Chemicals and Petrochemicals
- Food Processing Industry
- Pulp & Paper
- Metals & Mining
- Power Generation
- Others (textile industry, Paper industry, etc.)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific- Market Size & Forecast 2019-2030, Thousand Units.
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Who are the Key Market Players in the Boiler Market?
In the fast-changing Boiler Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Boiler market ruling the industry are:
List of Key Companies Profiled:
- Daikin Industries, Ltd
- Ariston Thermo SpA
- Robert Bosch Gmbh
- Mitsubishi Power
- Thermax Ltd.
- Sofinter Group
- Cleaver Brooks Inc.
- BDR Thermea Group
- Byworth Boilers Ltd.
- Andritz AG
- Harbin Electric Company Ltd.
- IHI Corporation
- Weil-McLain
- PB Heat LLC
- Valliant Group
- Others.
Global Boiler Recent Development:
- 2024: Daikin Industries a leading manufacturing company of HVAC & R, announced to enter a business and capital partnership with Miura Co., Ltd., which is an industry for the manufacturing of boilers.
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