2024–2030 Boiler Market Report: Innovation, Drivers & Challenges

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Boiler Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Boiler Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2019-22
• Base Years: 2023
• Forecast year - 2024-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Download a FREE PDF Sample of the Report: https://www.marknteladvisors.com/query/request-sample/boiler-market.html (Discover the market potential, platform-specific insights, and key industry trends.)

Boiler Market Outlook

According to the report 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.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

In case you missed it, we're currently updating our reports. Click below to access a free PDF sample of the latest research, featuring forecasts from 2026 to 2032. The report includes market size, industry trends, and competitive analysis. Our team will promptly deliver the most recent version to you.

Boiler Market Drivers:

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.

View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/boiler-market.html (Explore in-depth analyses, technological trends, and investment patterns.)

Boiler Market Trends:

Compact & Modular Boilers Gaining Popularity – With the help of modern technology and the integration of the Internet of Things (IoT), compact and modular boilers are being created. These boilers can be monitored remotely hence attracting a large number of individuals to invest and enhance their operating experience. New and advanced solutions are also being used to decide the type of advanced materials that should be used to enhance the durability and efficiency of the boilers, and using IoT the dependability of consumers decreases on conventional boilers and attracts them towards using the new type of boiler with many advanced facilities, durability and better performance. The integration of AI and IoT helps in the development of boilers that require low fuel consumption, do precise monitoring, and reduce the consumption of energy. Thus, the introduction of compact & modular boilers is changing consumers’ preferences and paving a new path for growth & expansion of the top boiler manufacturing companies.

Boiler Market Segmentation

The study categorizes the Boiler Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

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.)

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific- Market Size & Forecast 2019-2030, Thousand Units

Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/boiler-market.html Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Boiler Market Worldwide: Players, Analysis & Future Outlook

• 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

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

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Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Boiler Market?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Boiler Market?
   4. Who are the prominent players in the Boiler Market?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About Us

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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