PUBLISHER: The Business Research Company | PRODUCT CODE: 1731061
PUBLISHER: The Business Research Company | PRODUCT CODE: 1731061
Water tube boilers are high-pressure steam generators where water circulates through tubes heated externally by combustion gases. These boilers produce steam for industrial applications, including power generation, oil and gas processing, chemical manufacturing, and marine operations. They provide superior efficiency, quicker steam production, and enhanced heat transfer compared to fire tube boilers.
The primary types of water tube boilers are fire tube and water tube. In fire tube boilers, hot gases pass through tubes surrounded by water, ensuring effective heat transfer for steam generation. These boilers operate using either condensing or non-condensing technology and come in various capacities, such as 10 MMBtu/hr, 10-25 MMBtu/hr, 25-50 MMBtu/hr, 50-75 MMBtu/hr, 75-100 MMBtu/hr, 100-175 MMBtu/hr, 175-250 MMBtu/hr, and over 250 MMBtu/hr. Their applications extend across multiple industries, including food processing, pulp and paper, chemicals, refineries, primary metals, and more.
The water tube boilers market research report is one of a series of new reports from The Business Research Company that provides water tube boilers market statistics, including the water tube boilers industry's global market size, regional shares, competitors with a water tube boilers market share, detailed water tube boilers market segments, market trends and opportunities, and any further data you may need to thrive in the water tube boilers industry. This water tube boilers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The water tube boilers market size has grown strongly in recent years. It will grow from $6.78 billion in 2024 to $7.22 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth during the historic period can be attributed to the increasing demand for high-efficiency boilers, the expansion of power generation, the growth of the chemical and food industries, a rising preference for modular boilers, and the growing need for compact and high-capacity boilers.
The water tube boilers market size is expected to see strong growth in the next few years. It will grow to $9.17 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth projected for the forecast period is driven by rising energy demand, greater integration of renewable energy, increased investments in power plants, a stronger focus on sustainable energy solutions, and expanding government incentives for clean energy. Key trends expected during this period include the adoption of steam-intensive processes, advancements in boiler technology, innovations in boiler design, the integration of IoT and smart boilers, and improvements in heat recovery systems.
The growth of the power generation sector is expected to drive the expansion of the water tube boilers market in the coming years. The power generation sector involves producing electricity from various energy sources, including fossil fuels, nuclear, and renewable energy, to supply homes, businesses, and industries. The rising demand for energy and the shift toward sustainable and efficient power solutions are fueling the growth of this sector. Water tube boilers are crucial in power generation as they produce high-pressure steam, which drives turbines for electricity production. For example, in July 2023, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that renewable electricity generation reached over 8,500 TWh in 2022, an increase of more than 600 TWh (almost 8%) from 2021. As a result, the growth of the power generation sector is contributing to the expansion of the water tube boilers market.
Leading companies in the water tube boilers market are focusing on developing innovative products, such as steam water tube boilers, to improve efficiency, durability, and emissions compliance. A steam water tube boiler is a high-pressure boiler where water circulates inside tubes and is heated externally by hot gases to generate steam. These boilers offer high efficiency, quick steam generation, and the ability to handle large steam capacities. For example, in January 2023, Babcock Wanson Group, a France-based industrial machinery manufacturer, introduced the FM Pack range of steam water tube boilers. These boilers are designed for applications requiring high steam output, high-pressure steam, or superheated steam, with steam outputs ranging from 4.5 to 80 t/h and operating pressures from 10 to 95 barg. Built for maximum efficiency, durability, and longevity, these boilers feature a pressurized casing to prevent corrosion and ease maintenance. They are compatible with various burners and fuels, comply with emissions regulations such as the medium combustion plant directive, and can integrate with an external economizer for enhanced efficiency.
In May 2024, Miura Co. Ltd., a Japan-based machinery company, acquired Cleaver-Brooks Inc. for an undisclosed amount. This acquisition enables Miura Co. Ltd. to expand its industrial boiler portfolio, enhance its technological capabilities, and strengthen its global presence in energy-efficient steam solutions. Cleaver-Brooks Inc. is a US-based industrial machinery manufacturer specializing in industrial boilers, burners, and related equipment.
Major players in the water tube boilers market are General Electric Company, ABB Ltd., Alstom SA, Kawasaki Thermal Engineering Co. Ltd., IHI Corporation, Alfa Laval AB, Bharat Heavy Electricals Limited, Miura America Co. Ltd., Forbes Marshall Pvt. Ltd., Thermax Limited, The Babcock & Wilcox Company, ISGEC Heavy Engineering Ltd., Cochran Ltd., The Fulton Companies, Rentech Boiler Systems Inc., Hurst Boiler & Welding Company Inc., Superior Boiler Works Inc., Victory Energy Operations LLC, Sellers Manufacturing Company, Clayton Industries Inc., Johnston Boiler Company.
North America was the largest region in the water tube boilers market in 2024. The regions covered in water tube boilers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the water tube boilers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The water tube boilers market consists of sales of boiler shell, steam drum, furnace, water tubes, and burner. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Water Tube Boilers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on water tube boilers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for water tube boilers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The water tube boilers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.