Europe Industrial Boilers Market, By Tubing Methods (Carrier Fire Tube Boilers, Water Tube Boilers), Steam Pressure (High Pressure Boilers, Medium Pressure Boilers, Low Pressure Boilers), Steam Usage (Process Boilers, Utility Boilers, Marine Boilers), Furnace Position (Externally Fired Boilers, Internally Fired Boilers), Shell Axis (Horizontal Boilers, Vertical Boilers), Tubes in Boilers (Multi-Tube Boilers, Single Boilers), Water and Steam Circulation in Boilers (Forced Circulation Boilers, Natural Circulation Boilers), Fuel Type (Coal-Fired Boilers, Oil Fired Boilers, Gas Fired Boilers, Biomass Boilers, Others), Product Type (Condensing Hot Water Boiler, Integrated Condensing Hot Water Boiler, Integrated Condensing Steam Boiler, Split Condensing Steam Boiler, Electric Heated Steam Boiler, Electric Hot Water Boilers, Others), Boiler Horsepower (10-150 BHP, 151 -300 BHP, 301 - 600 BHP), Industry (Food Industry, Breweries, Laundries and Cleaning Firm, Construction, Pharmaceutical, Automotive, Pulp and Paper, Hospitals, Agriculture, Packaging, Others) – Industry Trends and Forecast to 2030.
Europe Industrial Boilers Market Analysis and Size
Water tube boilers dominate the market by providing greater efficiency than fire tube boilers, as well as increased features such as simple construction, compatibility with high operating pressure, and many more. Process boilers are used in a variety of industry verticals, including food, chemical, paper, pulp, and others, to generate or process steam and heat for production purposes. A wide range of applications for manufacturing processes is assisting the segment in dominating the market.
Data Bridge Market Research analyses that the Europe industrial boilers market, which was USD 4,759.47 million in 2022, is expected to reach USD 7,759.34 million by 2030, at a CAGR of 6.30% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Europe Industrial Boilers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Tubing Methods (Carrier Fire Tube Boilers, Water Tube Boilers), Steam Pressure (High Pressure Boilers, Medium Pressure Boilers, Low Pressure Boilers), Steam Usage (Process Boilers, Utility Boilers, Marine Boilers), Furnace Position (Externally Fired Boilers, Internally Fired Boilers), Shell Axis (Horizontal Boilers, Vertical Boilers), Tubes in Boilers (Multi-Tube Boilers, Single Boilers), Water and Steam Circulation in Boilers (Forced Circulation Boilers, Natural Circulation Boilers), Fuel Type (Coal-Fired Boilers, Oil Fired Boilers, Gas Fired Boilers, Biomass Boilers, Others), Product Type (Condensing Hot Water Boiler, Integrated Condensing Hot Water Boiler, Integrated Condensing Steam Boiler, Split Condensing Steam Boiler, Electric Heated Steam Boiler, Electric Hot Water Boilers, Others), Boiler Horsepower (10-150 BHP, 151 -300 BHP, 301 - 600 BHP), Industry (Food Industry, Breweries, Laundries and Cleaning Firm, Construction, Pharmaceutical, Automotive, Pulp and Paper, Hospitals, Agriculture, Packaging, Others)
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Countries Covered
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Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Belgium, Russia, Turkey, Rest of Europe
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Market Players Covered
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Babcock & Wilcox Enterprises, Inc. (U.S.), John Wood Group PLC. (U.K.), Bharat Heavy Electricals Limited (India), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Thermax Limited (India), ANDRITZ (Austria), Siemens (Germany), ALFA LAVAL (Sweden), General Electric (U.S.), Hurst Boiler & Welding Co, Inc. (U.S.), Bryan Steam (U.S.), Superior Boiler Works, Inc. (U.S.), Vapor Power (U.S.), Sofinter S.p.a (Italy), AB&CO GROUP (Denmark), Suzhou Hailu Heavy Industry Co. Ltd (China), Cleaver-Brooks, Inc. (U.S.), Wuxi Zozen Boilers Co., Ltd (China)
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Market Opportunities
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Market Definition
An industrial boiler is a steam or high-temperature water kettle that is powered by combustible gas, biomass, oil or coal. Modern boilers heat or cool the water contained within them and transmit it to clients via line constructions. Food and beverage, petrochemical, power, and chemical industries all rely on industrial boilers. Boilers generate steam, which is then used to heat things up. Pipes transport the created steam to the region of activity. Boilers employ a variety of fuels to generate steam, including oil and gas, fossil, non-fossil, and biomass.
Europe Industrial Boilers Market Dynamics
Drivers
- Growing innovations by major market players will drive the market growth
Market participants are introducing new low-emission boilers and developing sophisticated boilers for more efficient and environmentally friendly energy operations. Such advancements in boiler technology, as well as rising pollution rules for businesses, contribute to the increased demand for low-emission boilers. The increased demand for ecologically friendly industrial boiler products drives market expansion.
- Rising demand from petrochemical and chemical industries will bolster the growth of the market
The rapidly expanding petrochemical and chemical industries in developing nations such as India and China are expected to drive up demand for industrial boilers. Demand is likely to climb further due to increased investment in megapower projects around the world. These vessels are frequently employed in the chemical and petrochemical sectors, which account for the majority of industrial boilers in this application area.
Opportunities
- Growing introduction of law and regulations to conserve environment will as a market opportunity
Stringent environmental regulations will encourage the adoption of these systems, increasing demand for industrial boilers in the future years. According to the US Environmental Protection Agency, new boiler restrictions are intended to reduce environmental emissions on a massive scale. More than 88% of major source boilers can fulfil emission regulations with annual tune-ups, but the remaining 12.0% will require refurbishment or replacement to reduce harmful emissions, which is expected to offer opportunities for manufacturers throughout the forecast period.
Restraints/Challenges
- Manufacturing issues will further derail the market growth rate
Various production issues are gradually revealed as the product is developed. Major concerns encountered during the manufacturing of these systems include material issues, deformation, stress corrosion, welding issues, and hydrogen embrittlement. If the product design does not cater to basic functionality, the entire production process will fail to meet the company's requirements and goals.
This industrial boilers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial boilers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2020, Suzhou Hailu Heavy Industry Co., Ltd, a market participant, unveiled a new waste heat boiler based on Deltak technology in May. It is intended for the KPI Company's petrochemical plant project in Kazakhstan. As a result, the company's product selection for the Kazakhstan market has expanded.
- In 2020, Compte.R launched a new line of Solid Biomass boilers with reduced NOx emissions in June. The new biomass boiler improved corporate efficiency by utilising sustainable resources such as biomass. Industrial enterprises implemented the technology to cut NOx emissions, and it provided automatic cleaning and ash removal.
Europe Industrial Boilers Market Scope
The industrial boilers market is segmented on the basis of tubing methods, steam pressure, steam usage, furnace position, shell axis, tubes in boilers, water and steam circulation in boilers, fuel type, product type, boiler horsepower and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Tubing Methods
- Carrier Fire Tube Boilers
- Water Tube Boilers
Steam Pressure
- High Pressure Boilers
- Medium Pressure Boilers
- Low Pressure Boilers
Steam Usage
- Process Boilers
- Utility Boilers
- Marine Boilers
Furnace Position
- Externally Fired Boilers
- Internally Fired Boilers
Shell Axis
- Horizontal Boilers
- Vertical Boilers
Tubes in Boilers
- Multi-Tube Boilers
- Single Boilers
Water and Steam Circulation in Boilers
- Forced Circulation Boilers
- Natural Circulation Boilers
Fuel Type
- Coal-Fired Boilers
- Oil Fired Boilers
- Gas Fired Boilers
- Biomass Boilers
- Others
Product Type
- Condensing Hot Water Boiler
- Integrated Condensing Hot Water Boiler
- Integrated Condensing Steam Boiler
- Split Condensing Steam Boiler
- Electric Heated Steam Boiler
- Electric Hot Water Boilers
- Others
Boiler Horsepower
- 10-150 BHP
- 151 -300 BHP
- 301 - 600 BHP
Industry
- Food Industry
- Breweries
- Laundries and Cleaning Firm
- Construction
- Pharmaceutical
- Automotive
- Pulp and Paper
- Hospitals
- Agriculture
- Packaging
- Others
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Europe Industrial Boilers Market Regional Analysis/Insights
The industrial boilers market is analysed and market size insights and trends are provided by country, tubing methods, steam pressure, steam usage, furnace position, shell axis, tubes in boilers, water and steam circulation in boilers, fuel type, product type, boiler horsepower and industry as referenced above.
The countries covered in the industrial boilers market report are Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Belgium, Russia, Turkey, and Rest of Europe.
Germany holds the largest market share in Europe industrial boilers market due to its large number of manufacturing facilities and robust product offering by industry participants.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Industrial Boilers Market Share Analysis
The industrial boilers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial boilers market.
Some of the major players operating in the industrial boilers market are:
- Babcock & Wilcox Enterprises, Inc. (U.S.)
- John Wood Group PLC. (U.K.)
- Bharat Heavy Electricals Limited (India)
- IHI Corporation (Japan)
- Mitsubishi Hitachi Power Systems, Ltd. (Japan)
- Thermax Limited (India)
- ANDRITZ (Austria)
- Siemens (Germany)
- ALFA LAVAL (Sweden)
- General Electric (U.S.)
- Hurst Boiler & Welding Co, Inc. (U.S.)
- Bryan Steam (U.S.)
- Superior Boiler Works, Inc. (U.S.)
- Vapor Power (U.S.)
- Sofinter S.p.a (Italy)
- AB&CO GROUP (Denmark)
- Suzhou Hailu Heavy Industry Co. Ltd (China)
- Cleaver-Brooks, Inc. (U.S.)
- Wuxi Zozen Boilers Co., Ltd (China)
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