Industrial Boilers Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Industrial Boilers Market is segmented By Type (Water Tube, Fire Tube), By Application (Chemicals & ...

Industrial Boilers Market Size

Market Size in USD Bn

CAGR4.9%

Study Period2025-2032
Base Year of Estimation2024
CAGR4.9%
Market ConcentrationMedium
Major PlayersAMEC Foster Wheeler PLC, Siemens AG, Thermax Limited, Harbin Electric Corporation, Bharat Heavy Electricals Limited and Among Others
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Industrial Boilers Market Analysis

The industrial boilers market is estimated to be valued at USD 18.32 Bn in 2025 and is expected to reach USD 25.61 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2032. The rising demand for steam and hot water across various industries such as chemical, refinery, paper, and food processing is driving the industrial boilers market.

Industrial Boilers Market Size