PUBLISHER: The Business Research Company | PRODUCT CODE: 1933711
PUBLISHER: The Business Research Company | PRODUCT CODE: 1933711
A water tube industrial boiler is a type of boiler in which water flows through the tubes while combustion gases heat the tubes from the outside. It is specifically designed for high-pressure applications and is widely used in large-scale industrial environments. The main function of this boiler is to generate steam for power generation, heating, and various industrial processes. Water-tube boilers are known for their high efficiency and quicker steam production when compared to fire-tube boilers.
The primary types of water tube industrial boilers include fire-tube boilers, water-tube boilers, biomass boilers, and combined heat and power (CHP) boilers. A fire-tube boiler is a type where hot gases from combustion pass through one or more tubes that run through a sealed container of water, thereby heating the water to generate steam. These boilers are compatible with a variety of fuel sources such as natural gas, coal, oil, biomass, and other fuels. They are offered in multiple capacity ranges, including below 100 tons/hr, 100-200 tons/hr, 200-300 tons/hr, and above 300 tons/hr. These boilers cater to several end-use industries, including chemicals, food and beverages, pulp and paper, metals and mining, power generation, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have affected the water tube industrial boiler market by increasing prices of steel components, pressure vessels, and combustion systems. High capacity boilers are most impacted, particularly in Asia Pacific and Europe. Increased capital costs have delayed some industrial boiler replacement projects. However, tariffs have supported domestic boiler manufacturing and regional sourcing of heavy components.
The water tube industrial boiler market research report is one of a series of new reports from The Business Research Company that provides water tube industrial boiler market statistics, including the water tube industrial boiler industry's global market size, regional shares, competitors with the water tube industrial boiler market share, detailed water tube industrial boiler market segments, market trends and opportunities, and any further data you may need to thrive in the water tube industrial boiler market. This water tube industrial boiler 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 industrial boiler market size has grown strongly in recent years. It will grow from $8.75 billion in 2025 to $9.29 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to industrial expansion in power generation, growth of chemical processing plants, pulp and paper industry demand, metals and mining operations, coal based power infrastructure.
The water tube industrial boiler market size is expected to see strong growth in the next few years. It will grow to $11.65 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to shift toward cleaner fuel boilers, industrial energy efficiency mandates, expansion of biomass power projects, modernization of aging boiler infrastructure, adoption of digital boiler controls. Major trends in the forecast period include rising demand for high pressure steam boilers, increasing adoption of biomass and chp boilers, expansion of industrial steam generation capacity, growing focus on boiler energy efficiency, integration of smart monitoring systems.
The rising demand for energy-efficient solutions is expected to drive the growth of the water tube industrial boiler market moving forward. Energy-efficient solutions involve technologies, practices, or products that consume less energy to achieve the same function, thereby lowering energy use and reducing environmental impact. This growing demand is fueled by increasing energy costs, which encourage consumers and businesses to minimize consumption and reduce utility expenses. Water tube industrial boilers support energy efficiency by providing high-pressure steam generation, making them well-suited for large-scale industrial applications. They improve process efficiency through rapid steam production, lower fuel consumption, and decreased operational costs. For example, in September 2024, ElectricHomes, a UK-based electric heating provider, reported that the UK installed 36,799 air source heat pumps and 2,469 ground or water source heat pumps in 2023, bringing the total number of MCS-certified installations to 229,618-a 20% increase compared to 2022. Thus, the increasing demand for energy-efficient solutions is propelling growth in the water tube industrial boiler market.
Leading companies in the water tube industrial boiler market are developing innovative products like pressurized casing heat exchangers to boost thermal efficiency and reduce energy consumption. Pressurized casing heat exchangers are specialized devices designed to efficiently transfer heat under high-pressure conditions within industrial boiler systems. For instance, in January 2023, Babcock Wanson, a UK-based industrial boiler manufacturer, introduced the FM Pack water tube boilers, engineered for industrial environments requiring high-quality steam output, high pressure, and operational flexibility. These boilers offer steam capacities ranging from 4.5 to 80 tonnes per hour and are designed for high-pressure operation up to 95 barg. They feature a pressurized casing heat exchanger design that maintains elevated flue gas temperatures, preventing condensation and corrosion, thereby enhancing both durability and efficiency.
In May 2024, Miura Co. Ltd., a Japan-based industrial boiler manufacturer, acquired Cleaver-Brooks Inc. for an undisclosed sum. Through this acquisition, Miura aims to strengthen its presence in North America, expand its product portfolio, boost innovation, and accelerate the delivery of sustainable and energy-efficient boiler solutions globally. Cleaver-Brooks Inc. is a US-based company that produces a comprehensive range of industrial water-tube boilers.
Major companies operating in the water tube industrial boiler market are The Babcock & Wilcox Company, Kawasaki Thermal Engineering Co., Ltd., Mitsubishi Power, Ltd., Doosan Enerbility Co., Ltd., Thermax Limited, Larsen & Toubro Limited (Heavy Engineering - Boilers & Steam Generators), ISGEC Heavy Engineering Ltd., Cheema Boilers Limited, Forbes Marshall Pvt. Ltd., Hurst Boiler & Welding Company, Inc., Victory Energy Operations, LLC, Unilux Advanced Manufacturing, LLC, Rentech Boiler Systems, Inc., Zozen Boiler Co., Ltd., Harbin Electric International Company Limited, Dongfang Electric Corporation, Bharat Heavy Electricals Limited (BHEL), John Cockerill Energy, Mitsubishi Heavy Industries, Ltd., Siemens Energy AG, Valmet Oyj, Thermax Babcock & Wilcox Energy Solutions Pvt. Ltd.
North America was the largest region in the water tube industrial boiler market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water tube industrial boiler market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the water tube industrial boiler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The water tube industrial boiler market consists of sales of boiler components and accessories, boiler controls and safety devices, boiler feedwater treatment systems, steam generation and distribution equipment, and steam turbines. 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 that 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 Industrial Boiler Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses water tube industrial boiler 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 industrial boiler ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The water tube industrial boiler 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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