Built to provide research that’s more actionable and strategically valuable, The Business Research Company’s 2026 market reports include market attractiveness analysis, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, broader supply chain intelligence, emerging startup tracking, and in-depth product insights.
Industrial Boilers Market Value Analysis: What Growth Lies Ahead Over The Forecast Period?
The industrial boilers market has shown substantial growth in recent years. Projections indicate it will increase from $16.13 billion in 2025 to $17.23 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.9%. Historically, this market expansion can be linked to industrial steam demand, the availability of fossil fuels, the growth of manufacturing plants, the adoption of centralized heating systems, and the characteristics of traditional boiler designs.
The industrial boilers market is projected to experience substantial expansion over the coming years. This market is anticipated to reach $22.39 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth during the forecast period include decarbonization targets, fuel switching initiatives, industrial energy optimization efforts, increasing automation in boiler operations, and the rising demand for reliable process heat. Key trends expected over the forecast period encompass a transition towards high-efficiency boilers, the increasing adoption of biomass and cleaner fuels, the integration of smart boiler controls, a growing demand for compact boiler systems, and the broadening of process heating applications.
Get A Free Sample Report With In-Depth Market Insights:
Industrial Boilers Market Opportunity Drivers: What’s Unlocking New Revenue Potential?
The expanding power generation is anticipated to propel the industrial boilers market forward. Power generation is defined as the method of producing electricity from primary energy sources such as fossil fuels, nuclear, or renewable sources, to cater to homes, industries, and infrastructure. It converts mechanical, chemical, or solar energy into electrical energy for general consumption. This upward trend in power generation is fueled by rising electricity demand, which enables the provision of energy to various sectors, households, and infrastructure, consequently supporting economic growth and development. Industrial boilers play a crucial role in boosting power generation by effectively generating high-pressure steam or hot water, necessary for driving turbines and producing electricity for large-scale power plants and industrial facilities. For instance, in May 2024, Ember, a UK-based independent, non-profit climate and energy organization, reported that global electricity demand climbed by 627 TWh in 2023, showcasing a notable increase in power generation across significant regions. Therefore, the consistent increase in power generation will stimulate the expansion of the industrial boilers market throughout the forecast period.
Industrial Boilers Market Segment Trends And Revenue Contributors
The industrial boilers market covered in this report is segmented –
1) By Boiler Type: Fire-Tube, Water-Tube
2) By Fuel: Natural Gas And Biomass, Coal, Oil, Other Fuels
3) By Boiler Horsepower: 10-150 BHP, 151-300 BHP, 301-600 BHP
4) By Applications: Chemicals And Petrochemicals, Paper And Pulp, Food And Beverages, Metals And Mining, Other Applications
Subsegments:
1) By Fire-Tube: Horizontal Fire-Tube Boilers, Vertical Fire-Tube Boilers, Packaged Fire-Tube Boilers
2) By Water-Tube: Industrial Water-Tube Boilers, High-Pressure Water-Tube Boilers
Industrial Boilers Market Trends Redefining Industry Growth
Major companies operating in the industrial boilers market are concentrating on developing advanced solutions, such as oxy-combustion carbon-capture boilers, to fulfill the growing demand for low-carbon power generation and sustainable industrial steam. Oxy-combustion carbon-capture boilers are systems designed to burn fuel in an environment of nearly pure oxygen instead of air, thereby producing flue gases primarily consisting of CO₂ and water vapor, which can be easily captured and liquefied to reduce greenhouse gas emissions. As an illustration, in June 2025, ENGIE, a France-based energy company, commissioned its new Ch0C gas boiler. This is a next-generation industrial gas boiler crafted for industrial applications, including the manufacturing, chemical, and food processing sectors. The Ch0C boiler combines a high-efficiency combustion system with a downstream CO₂ capture mechanism, offering comparable thermal output and steam-generation capacity to conventional gas-fired boilers while capturing about 90% of CO₂ emissions. Its design allows industries to maintain operational performance while complying with stricter emission regulations, establishing it as a sustainable alternative to traditional boilers.
Industrial Boilers Market Competitive Landscape: Which Companies Lead The Industry?
Major companies operating in the industrial boilers market are Siemens AG, Thermax Limited, Harbin Electric Corporation, Bharat Heavy Electricals Limited, General Electric Company, Dongfang Electric Corporation Ltd., Babcock & Wilcox Enterprises Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd., Cleaver-Brooks Inc., John Wood Group Plc., Doosan Heavy Industries & Construction Co. Ltd., Forbes Marshall Pvt. Ltd., Sofinter SPA, AC Boilers S.P.A, Alfa Laval AB, Bosch Industriekessel GmbH, Hurst Boiler & Welding Company Inc., Miura Co. Ltd., Zhengzhou Boiler (Group) Co. Ltd., Mitsui & Co Ltd, ABB Ltd, Viessmann Boilers, Fulton, IBurnham Commercial
View The Full Industrial Boilers Market Report:
Industrial Boilers Market Geographic Analysis: Where Is Demand Rising Fastest?
North America was the largest region in the industrial boilers market in 2025. The regions covered in the industrial boilers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Reach Out To Our Team:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
