Boiler Market size was valued at USD 16.37 Bn. in 2022 and the total Boiler revenue is expected to grow at a CAGR of 5.9% from 2023 to 2029, reaching nearly USD 24.45 Bn.

Boiler Market Overview

The market overview of the Boiler Market industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels. 

Boiler Market Report Scope and Research Methodology

The research methodology employed in the report on the Boiler Marketmarket incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles.

The analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Boiler Marketmarket for formulating investment approaches and marketing tactics. The report utilizes a bottom-up approach to estimate the size of the Boiler Marketmarket, which involves aggregating data from individual segments to arrive at a total market size estimate.

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Boiler Market Regional Insights

The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one. 

Boiler Market Segmentation

By end-use industry, the Chemicals sector segment controlled the boiler market in 2022 with a market share of over 38.45%.With the highest CAGR of 5.4%, it is also anticipated to keep leading at the end of the forecast period. The dominance (of fertilisers and pesticides) has been influenced by the growing demand for high-quality steam for the production of chemicals like petrochemicals, industrial gases, alkali and chlorine, synthetic rubber, synthetic organic fibres, and agricultural chemicals. The market for industrial boilers in the chemical industry is expanding thanks to emerging markets for energy consumption in that industry, such India and China.

Boiler Market Key Players are:

• A.O. Smith (US)
• Parker Boiler (US)
• Cleaver-Brooks, Inc. (US)
• Thermax Inc (US)
• Weil-McLain (US)
• Fulton Boiler Works, Inc. (US)
• General Electric (US)
• Babcock & Wilcox Enterprises, Inc. (US)
• BURNHAM COMMERCIAL BOILERS (US)
• Hurst Boiler & Welding Co, Inc. (US)
• Bryan Steam LLC (US)
• Superior Boiler (US)
• Vapor Power International LLC (US)
• Siemens AG (Germany)
• Cochran Ltd (UK)
• John Wood Group plc (UK)
• Vattenfall AB (Sweden)
• Alfa Laval AB (Sweden)
• Sofinter S.p.a (Iatly)
• ANDRITZ AG (Austria)
• ABB Ltd (Switzerland)
• Bharat Heavy Electricals (India)
• Forbes Marshall (India)
• IHI Corporation (Japan)
• Mitsubishi Hitachi Power Systems, Ltd. (Japan)
• Kawasaki Heavy Industries Ltd (Japan)
• Wuxi Zozen Boilers Co., Ltd (China)
• Shanghai Electric (China)

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Key questions answered in the Boiler Market are:

• What is Boiler Market?
• What are the factors driving the Boiler Market growth?
• What are the factors are limiting the Boiler Market growth?
• What was the Boiler Marketmarket size in 2021? 
• Which trends are expected to generate additional revenue for the Boiler Marketmarket growth?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Boiler Market? 
• What growth strategies are the players considering to increase their foothold in the Boiler Market?
• Who held the largest market share in the Boiler Market? 

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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