Steam Boiler Market by Type (Water Tube Boiler, Fire Tube Boiler), by Fuel (Coal-fired Steam Boiler, Gas-fired Steam Boiler, Electric Steam Boiler, Oil-fired Steam Boiler), by Pressure (Low-Pressure Boiler, Medium-Pressure Boiler, High-Pressure Boiler), by End User Industry (Power Generation, Process Industry, Oil, Gas, Pharmaceutical, Metals), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Steam Boiler Market size was valued at USD 16.89 Billion in 2023 and is projected to reach USD 23.62 Billion by 2032, exhibiting a CAGR of 4.91 % during the forecast period. A steam boiler is a vessel used to create steam by applying heat energy to water. This process involves heating the water to its boiling point, producing steam under controlled conditions. Steam boilers are crucial in various industries such as power generation, food processing, and manufacturing, where steam is utilized for heating, sterilization, and mechanical power generation. The steam boiler market is a vital segment within the broader industrial machinery sector, driven by the increasing demand for energy across various industries worldwide. Steam boilers play a critical role in generating steam used for heating, power generation, and industrial processes such as food processing, chemical production, and healthcare sterilization. The key factors influencing the market include stringent regulations promoting energy efficiency, technological advancements enhancing boiler performance, and growing investments in renewable energy sources.
Type:
Fuel:
Pressure:
End User Industry:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.91% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.91% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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