Boilers Market analysis outlooks 2027: Market size of the historic period(2017 to 2021), Market size of the forecast period (2023-2027), Growth rate | Technavio

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 Report

Companies 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.

Gain instant access to 17,000+ market research reports.

Technavio SUBSCRIPTION platform

Related Reports

The bottling line machinery market size is estimated to grow at a CAGR of 4.55% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,102.4 million. Furthermore, this report extensively covers market segmentation by application (pet, glass, and metal can), technology (automatic and semi-automatic), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The increase in demand for digitally printed packaging is a key factor driving the market growth during the forecast period.

The industrial printing market size is estimated to grow at a CAGR of 8% between 2022 and 2027 and the size of the market is forecast to increase by USD 73.32 billion. Furthermore, this report extensively covers market segmentation by application (packaging, textiles, electronics, and others), service (print services and other services), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The rise in demand for packaged food and beverage products is a key factor driving the market growth during the forecast period.

Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global boilers market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global boilers market 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Chemicals - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Chemicals - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Chemicals - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Chemicals - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Chemicals - Year-over-year growth 2022-2027 (%)

• 6.4 Power generation - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Power generation - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Power generation - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Power generation - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Power generation - Year-over-year growth 2022-2027 (%)

• 6.5 Oil and gas - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Oil and gas - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by End-user 
• Exhibit 50: Market opportunity by End-user ($ billion)
• Exhibit 51: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 52: Chart on Type - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 Fire-tube - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Fire-tube - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Fire-tube - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Fire-tube - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Fire-tube - Year-over-year growth 2022-2027 (%)

• 7.4 Water-tube - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Water-tube - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Water-tube - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Water-tube - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Water-tube - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 64: Market opportunity by Type ($ billion)
• Exhibit 65: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 South Korea - Market size and forecast 2022-2027 
• Exhibit 107: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ billion)
• Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 A. O. Smith Corp.
• Exhibit 119: A. O. Smith Corp. - Overview
• Exhibit 120: A. O. Smith Corp. - Business segments
• Exhibit 121: A. O. Smith Corp. - Key offerings
• Exhibit 122: A. O. Smith Corp. - Segment focus

• 12.4 Ariston Holding NV
• Exhibit 123: Ariston Holding NV - Overview
• Exhibit 124: Ariston Holding NV - Product / Service
• Exhibit 125: Ariston Holding NV - Key news
• Exhibit 126: Ariston Holding NV - Key offerings

• 12.5 Babcock Wanson
• Exhibit 127: Babcock Wanson - Overview
• Exhibit 128: Babcock Wanson - Product / Service
• Exhibit 129: Babcock Wanson - Key offerings

• 12.6 Bryan Steam LLC
• Exhibit 130: Bryan Steam LLC - Overview
• Exhibit 131: Bryan Steam LLC - Product / Service
• Exhibit 132: Bryan Steam LLC - Key offerings

• 12.7 Clayton Industries
• Exhibit 133: Clayton Industries - Overview
• Exhibit 134: Clayton Industries - Product / Service
• Exhibit 135: Clayton Industries - Key offerings

• 12.8 Ferroli Spa
• Exhibit 136: Ferroli Spa - Overview
• Exhibit 137: Ferroli Spa - Product / Service
• Exhibit 138: Ferroli Spa - Key offerings

• 12.9 General Electric Co.
• Exhibit 139: General Electric Co. - Overview
• Exhibit 140: General Electric Co. - Business segments
• Exhibit 141: General Electric Co. - Key news
• Exhibit 142: General Electric Co. - Key offerings
• Exhibit 143: General Electric Co. - Segment focus

• 12.10 Lennox International Inc. 
• Exhibit 144: Lennox International Inc. - Overview
• Exhibit 145: Lennox International Inc. - Business segments
• Exhibit 146: Lennox International Inc. - Key offerings
• Exhibit 147: Lennox International Inc. - Segment focus

• 12.11 Mitsubishi Heavy Industries Ltd. 
• Exhibit 148: Mitsubishi Heavy Industries Ltd. - Overview
• Exhibit 149: Mitsubishi Heavy Industries Ltd. - Business segments
• Exhibit 150: Mitsubishi Heavy Industries Ltd. - Key news
• Exhibit 151: Mitsubishi Heavy Industries Ltd. - Key offerings
• Exhibit 152: Mitsubishi Heavy Industries Ltd. - Segment focus

• 12.12 Robert Bosch GmbH
• Exhibit 153: Robert Bosch GmbH - Overview
• Exhibit 154: Robert Bosch GmbH - Business segments
• Exhibit 155: Robert Bosch GmbH - Key news
• Exhibit 156: Robert Bosch GmbH - Key offerings
• Exhibit 157: Robert Bosch GmbH - Segment focus

• 12.13 SPX Corp.
• Exhibit 158: SPX Corp. - Overview
• Exhibit 159: SPX Corp. - Business segments
• Exhibit 160: SPX Corp. - Key offerings
• Exhibit 161: SPX Corp. - Segment focus

• 12.14 The Cleaver Brooks Co. Inc. 
• Exhibit 162: The Cleaver Brooks Co. Inc. - Overview
• Exhibit 163: The Cleaver Brooks Co. Inc. - Product / Service
• Exhibit 164: The Cleaver Brooks Co. Inc. - Key offerings

• 12.15 The Fulton Companies
• Exhibit 165: The Fulton Companies - Overview
• Exhibit 166: The Fulton Companies - Product / Service
• Exhibit 167: The Fulton Companies - Key offerings

• 12.16 Vaillant GmbH
• Exhibit 168: Vaillant GmbH - Overview
• Exhibit 169: Vaillant GmbH - Product / Service
• Exhibit 170: Vaillant GmbH - Key offerings

• 12.17 Viessmann Climate Solutions SE 
• Exhibit 171: Viessmann Climate Solutions SE - Overview
• Exhibit 172: Viessmann Climate Solutions SE - Product / Service
• Exhibit 173: Viessmann Climate Solutions SE - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations
• Exhibit 180: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio