PUBLISHER: Grand View Research | PRODUCT CODE: 1790106
PUBLISHER: Grand View Research | PRODUCT CODE: 1790106
Industrial Boiler Market Summary
The global industrial boiler market size was estimated at USD 16,551.7 million in 2024 and is projected to reach USD 22,714.6 million by 2033, growing at a CAGR of 3.6% from 2025 to 2033. The growth is primarily attributed to accelerating industrial output in developing economies, where infrastructure expansion and energy demand drive investment in steam-intensive operations.
Industries such as chemicals, food and beverage processing, and metal production continue to scale operations, requiring efficient and high-capacity steam generation solutions. In addition, the need for energy efficiency and stricter emissions regulations is pushing industries to adopt modern, cleaner boiler technologies.
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The growing emphasis on energy efficiency and emission control propels the adoption of modern, high-efficiency industrial boilers. Regulatory pressures to minimize carbon emissions encourage industries to upgrade older systems with cleaner, more efficient alternatives. Technological advancements such as condensing boilers and integration with smart controls are gaining traction. This shift supports both sustainability goals and operational cost savings.
Global Industrial Boiler Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global industrial boiler market report based on capacity, type, boiler type, fuel, application, and region: