Global Industrial Boilers Market Size & Outlook, 2025-2033
Global industrial boilers market, 2021-2033 (US$M)
Global industrial boilers market highlights
- The global industrial boilers market generated a revenue of USD 16,551.7 million in 2024 and is expected to reach USD 22,714.6 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 3.6% by 2033.
- In terms of segment, chemicals & petrochemicals accounted for a revenue of USD 17,097.9 million in 2024.
- Chemicals & Petrochemicals is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
Global data book summary
| Market revenue in 2024 | USD 16,551.7 million |
| Market revenue in 2033 | USD 22,714.6 million |
| Growth rate | 3.6% (CAGR from 2025 to 2033) |
| Largest segment | Chemicals & petrochemicals |
| Fastest growing segment | Chemicals & Petrochemicals |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chemicals & Petrochemicals |
Other key industry trends
- In terms of revenue, the North America accounted for 13.4% of the global industrial boilers market in 2024.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Industrial Boilers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| AC Boilers | View profile | 501-1000 | Gallarate, Lombardia, Italy, Europe | https://www.acboilers.com |
| Cheema Boilers | View profile | 501-1000 | Mohali, Punjab, India, Asia | https://www.cheemaboilers.com |
| Clayton Industries | View profile | 11-50 | Birmingham, Alabama, United States, North America | https://claytonind.com |
| Cochrane | View profile | 501-1000 | London, England, United Kingdom, Europe | https://www.decide-collaboration.eu |
| Forbes Marshall | View profile | 1001-5000 | Pune, Maharashtra, India, Asia | https://www.forbesmarshall.com |
| Cleaver-Brooks | View profile | 1001-5000 | Thomasville, Georgia, United States, North America | https://cleaverbrooks.com/ |
| Thermax | View profile | 1001-5000 | Pune, Maharashtra, India, Asia | http://www.thermaxglobal.com |
| Bharat Heavy Electricals | View profile | 10001+ | New Delhi, Delhi, India, Asia | http://www.bhel.com |
| Dongfang Electric Corp Ltd Class H | View profile | 17426 | 18 Xixin Road, High-Tech District (Western District), Sichuan Province, Chengdu, China, People's Republic of, 611731 | http://www.dec-ltd.cn |
| Doosan Heavy Industries & Construction | View profile | 5001-10000 | Changwon, Kyongsang-namdo, South Korea, Asia | http://www.doosanheavy.com/ |
| IHI Corp | View profile | 28486 | 1-1, Toyosu 3-chome, Koto-ku, Tokyo, Japan, 135-8710 | http://www.ihi.co.jp |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| Babcock & Wilcox Enterprises Inc | View profile | 2250 | 1200 East Market Street, Suite 650, Akron, OH, United States, 44305 | https://www.babcock.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
Global industrial boilers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial boilers market will help companies and investors design strategic landscapes.
Chemicals & petrochemicals was the largest segment with a revenue share of 103.3% in 2024. Horizon Databook has segmented the Global industrial boilers market based on chemicals & petrochemicals covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Industrial Boilers Application Outlook (Revenue, USD Million, 2021-2033)
- Chemicals & Petrochemicals
- Paper & Pulp
- Food & Beverages
- Metals & Minings
- Others
- Global Industrial Boilers Fuel Outlook (Revenue, USD Million, 2021-2033)
- Natural Gas
- Oil
- Coal
- Others
- Global Industrial Boilers Capacity Outlook (Revenue, USD Million, 2021-2033)
- 10-150 BHP
- 151-300 BHP
- 301-600 BHP
- Above 600 BHP
- Global Industrial Boilers Boiler Type Outlook (Revenue, USD Million, 2021-2033)
- Fire Tube
- Water Tube
- Others
- Global Industrial Boilers Type Outlook (Revenue, USD Million, 2021-2033)
- Package Boiler
- Field Erected Boiler
Reasons to subscribe to Global industrial boilers market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global industrial boilers market databook
-
Our clientele includes a mix of industrial boilers market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial boilers market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial boilers market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global industrial boilers market size, by regions, 2021-2033 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
