Boilers Market analysis outlooks 2027: Market size of the historic period(2017 to 2021), Market size of the forecast period (2023

NEW YORK, July 26, 2023 /PRNewswire/ -- The boilers market to grow by USD 16.38 billion from 2022 to 2027, progressing at a CAGR of 3.35% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by Increasing demand for energy-efficient solutions. Increasing demand for energy-efficient solutions is a key factor driving market growth. The high thermal efficiency is one of the key advantages of energy-efficient boilers which helps in reducing fuel consumption and emissions. The energy-efficient boilers are becoming more accessible and affordable for businesses and households due to the advancement in condensing boilers that capture and recycle waste heat. Furthermore, various governments are introducing initiatives to adopt energy-efficient boilers. Hence, these factors are expected to drive market growth during the forecast period. - Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The report on the boilers market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The boilers market covers the following areas:

Boilers Market Sizing

Boilers Market Forecast

Boilers Market Analysis

Boilers Market 2023-2027 - Market Dynamics

Key Trends

The availability of waste heat recovery boilers is an emerging trend in market growth. The waste heat recovery boilers are majorly used by end-user industries such as Cement and steel industries. These boilers convert the waste heat in the form of exhaust gases produced by these industries into useful energy. Furthermore, the rising energy efficiency initiatives improve the profitability of cement manufacturing plants. Hence, the availability of waste heat recovery boilers is expected to drive market growth during the forecast period.

Significant Challenges

The high operational and maintenance costs of boilers are a significant challenge restricting market growth. This is due to the regular maintenance of boilers to ensure they continue operating efficiently. The older boilers have been susceptible to breaking down and require specialist engineers to fix them are costlier as compared to others. For instance, annual boiler service and maintenance costs are usually from USD 200 to USD 500. Thus, the high operational maintenance cost is expected to restrict market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What's New? -

Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

Global competitiveness and key competitor positions

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Boilers Market 2023-2027: Market Segmentation

The boilers market is segmented by end-user (chemicals, power generation, oil and gas, and others), type (fire-tube and water-tube), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

The chemicals segment will account for a major share of the market's growth during the forecast period. Many chemical companies are investing in high-efficiency boilers with the latest technological advancements and are continuously expanding their operations. The manufacturing processes require tight temperature controls and specific steam conditions which use boilers to heat the water and their performance is important for the success. Hence, these factors are expected to drive segment growth during the forecast period.

APAC is estimated to contribute 36% to the growth of the market. The key factor driving the growth in the region is the rapid expansions in the food and beverages, pulp and paper, oil and gas, power generation, steel, and textile industries. Furthermore, there is a rapid increase in urbanization and disposable incomes of developing economies such as China, India, Indonesia, Pakistan, Bangladesh, and Vietnam. In addition, the supply chain infrastructure of the region is growing due to investments in rail and road networks and modern trade. Thus, these factors are expected to drive market growth in the region during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample ReportCompanies Mentioned

A. O. Smith Corp.

Alfa Laval AB

Ariston Holding NV

ATTSU Termica S.L

Babcock Wanson

Bryan Steam LLC

Clayton Industries

Danstoker AS

Ferroli Spa

General Electric Co.

Hurst Boiler and Welding Co. Inc.

Lennox International Inc.

Mestek Inc.

Mitsubishi Heavy Industries Ltd.

Robert Bosch GmbH

SPX Corp.

The Cleaver-Brooks Co. Inc.

The Fulton Companies

Vaillant GmbH

Viessmann Climate Solutions SE

Vendor Offering

A. O. Smith Corp. - The company offers boilers such as Epsilon and Upsilon series.

Ariston Holding NV - The company offers boilers under the brands Elco, Racold, and ATAG.

Clayton Industries - The company offers boilers such as SigmaFire Boilers.

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Boilers Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.35%

Market growth 2023-2027

USD 16.38 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

2.92

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 36%

Key countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

A. O. Smith Corp., Alfa Laval AB, Ariston Holding NV, ATTSU Termica S.L, Babcock Wanson, Bryan Steam LLC, Clayton Industries, Danstoker AS, Ferroli Spa, General Electric Co., Hurst Boiler and Welding Co. Inc., Lennox International Inc., Mestek Inc., Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, SPX Corp., The Cleaver Brooks Co. Inc., The Fulton Companies, Vaillant GmbH, and Viessmann Climate Solutions SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market Overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global boilers market 2017 - 2021

4.2 End-user Segment Analysis 2017 - 2021

4.3 Type Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments

6.2 Comparison by End-user

6.3 Chemicals - Market size and forecast 2022-2027

6.4 Power generation - Market size and forecast 2022-2027

6.5 Oil and gas - Market size and forecast 2022-2027

6.6 Others - Market size and forecast 2022-2027

6.7 Market opportunity by End-user

7 Market Segmentation by Type

7.1 Market segments

7.2 Comparison by Type

7.3 Fire-tube - Market size and forecast 2022-2027

7.4 Water-tube - Market size and forecast 2022-2027

7.5 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 Middle East and Africa - Market size and forecast 2022-2027

9.7 South America - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 Japan - Market size and forecast 2022-2027

9.12 South Korea - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 A. O. Smith Corp.

12.4 Ariston Holding NV

12.5 Babcock Wanson

12.6 Bryan Steam LLC

12.7 Clayton Industries

12.8 Ferroli Spa

12.9 General Electric Co.

12.10 Lennox International Inc.

12.11 Mitsubishi Heavy Industries Ltd.

12.12 Robert Bosch GmbH

12.13 SPX Corp.

12.14 The Cleaver Brooks Co. Inc.

12.15 The Fulton Companies

12.16 Vaillant GmbH

12.17 Viessmann Climate Solutions SE

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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