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Industrial Boiler Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70192
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The industrial boiler market size has the potential to grow by USD 4.69 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.93%. 

This report provides a detailed analysis of the market by end-user (food and beverages, chemicals and petrochemicals, pulp and paper, oil and gas, and other end-users), geography (APAC, Europe, North America, MEA, and South America), and key vendors. 

Market Overview

Industrial-Boiler-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Andritz AG
  • Babcock & Wilcox Enterprises Inc.
  • Bharat Heavy Electricals Ltd.
  • Cleaver-Brooks Inc.
  • Dongfang Electric Corp.
  • Doosan Heavy Industries & Construction Co. Ltd.
  • Henan Province Sitong Boiler Co. Ltd.
  • MIURA Co. Ltd.
  • Thermax Ltd.
  • Xizi United Holdings Ltd.

 

The industrial boiler market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as increasing demand for biomass boilers to achieve growth opportunities. However, factors such as the global shift toward solar and wind energy will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the industrial boiler market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This industrial boiler market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Industrial Boiler Market: Key Drivers and Trends

  • The increasing demand for biomass boilers is one of the critical reasons that will drive industrial boiler market growth. 
  • The growing focus on adopting renewable energy resources will boost the demand for industrial biomass boilers across end-user industries. 
  • Biomass boilers help in reducing the cost of fossil fuels.
  • The increasing support from governments in the form of incentives to industries using renewable energy sources will also drive end-user industries to deploy industrial biomass boilers.
  • The growing demand for multi-fuel boilers is one of the major trends that will influence market growth.
  • The popularity of multi-fuel boilers is increasing as the power generation, and process industries want to maximize the utilization of locally produced renewable biomass.
  • Multi-fuel boilers are also encouraged by national policies as they reduce the environmental impact.
  • The above-mentioned factors will increase the demand for industrial boilers over the forecast period.

 

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Industrial Boiler Market: Segmentation by Geography

Industrial-Boiler-Market-Market-Share-by-Region-2020-2025

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46% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for industrial boiler in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increase in the installed base of industrial boilers in the emerging economies is one of the prime factors that will facilitate the industrial boiler market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Industrial Boiler Market: Segmentation by End-user

Industrial-Boiler-Market-Market-Share-by-End-2020-2025

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The increasing use of boilers in producing steam and hot water for cooking and softening raw ingredients will boost the market growth in the food and beverages segment during the next few years. Therefore, the growth of the market segment is expected to be significant during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial boiler market size.

 

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Industrial Boiler Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial boiler market growth during the next five years
  • Precise estimation of the industrial boiler market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial boiler industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial boiler market vendors

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Industrial Boiler Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 4.69 billion

Market structure

Fragmented

YoY growth (%)

5.34

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 46%

Key consumer countries

China, US, India, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Andritz AG, Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Cleaver-Brooks Inc., Dongfang Electric Corp., Doosan Heavy Industries & Construction Co. Ltd., Henan Province Sitong Boiler Co. Ltd., MIURA Co. Ltd., Thermax Ltd., and Xizi United Holdings Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Food and beverages - Market size and forecast 2020-2025
    • Chemicals and petrochemicals - Market size and forecast 2020-2025
    • Pulp and paper - Market size and forecast 2020-2025
    • Oil and gas - Market size and forecast 2020-2025
    • Power generation - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Competitive scenario
      • Vendor landscape
      • Landscape disruption
      • Industry risks

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Andritz AG
      • Babcock & Wilcox Enterprises Inc.
      • Bharat Heavy Electricals Ltd.
      • Cleaver-Brooks Inc.
      • Dongfang Electric Corp.
      • Doosan Heavy Industries & Construction Co. Ltd.
      • Henan Province Sitong Boiler Co. Ltd.
      • MIURA Co. Ltd.
      • Thermax Ltd.
      • Xizi United Holdings Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Industrial Boiler market growth will increase by $4692.37 million during 2020-2025.
      The industrial boiler market is expected to grow at a CAGR of 5.93% during 2020-2025.
      Technavio has segmented the industrial boiler market by end user (Food and beverages, Chemicals and petrochemicals, Pulp and paper, Oil and gas, and Other end-users) and geographic (APAC, Europe, North America, MEA, and South America).
      Andritz AG, Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Cleaver-Brooks Inc., Dongfang Electric Corp., Doosan Heavy Industries & Construction Co. Ltd., Henan Province Sitong Boiler Co. Ltd., MIURA Co. Ltd., Thermax Ltd., Xizi United Holdings Ltd. are a few of the key vendors in the industrial boiler market.
      APAC will register the highest growth rate of 45.90% among the other regions. Therefore, the industrial boiler market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the industrial boiler market growth are:
      • Increasing demand for biomass boiler
      The industrial boiler market vendors should focus on grabbing business opportunities from the food and beverages segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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