Global Boilers and Steam Generators Market Research Report, 2030

The global boilers and steam generators market is witnessing substantial growth driven by increasing industrialization, urbanization, and the rising demand for energy-efficient and sustainable heating solutions across various sectors. As industries expand worldwide, the need for reliable steam generation for power production, manufacturing, and heating processes has surged, propelling market demand. The Asia-Pacific region leads this growth, fueled by rapid industrial development in countries like China, India, and Southeast Asia, where expanding manufacturing hubs and infrastructure projects require efficient and scalable boiler systems. In contrast, developed regions such as North America and Europe focus more on upgrading existing facilities with advanced, eco-friendly technologies to meet stringent environmental regulations. This has spurred demand for modern boilers and steam generators that emphasize energy efficiency and lower emissions, including biomass, electric, and gas-fired systems. Marketing and promotion strategies within the industry have evolved to highlight sustainability and operational cost benefits, leveraging digital platforms and industry events to reach target customers. Regulatory policies globally are becoming more stringent, encouraging manufacturers and end-users to adopt cleaner and safer technologies, with compliance serving as a key factor in market competitiveness. The COVID-19 pandemic initially disrupted supply chains and slowed industrial activity, leading to a temporary decline in market growth. However, as economies recover, there has been a renewed focus on infrastructure modernization and energy efficiency, which has revitalized demand for boilers and steam generators. According to the research report "Global Boilers and Steam Generators Market Research Report, 2030," published by Actual Market Research, the Global Boilers and Steam Generators market is anticipated to grow at more than 2.0% CAGR from 2025 to 2030. As more pet owners increasingly view their pets as family members, there is a growing demand for high-quality, ethically sourced, and nutritionally balanced food options that align with their own lifestyle choices, including vegetarian and vegan diets. This trend is especially strong among younger, health-conscious urban populations who prioritize sustainability and animal welfare. Health considerations also play a key role, with many pet owners seeking plant-based diets to address allergies, sensitivities, or other dietary needs for their pets. Scientifically formulated vegetarian pet foods can meet the nutritional requirements of dogs and cats when properly supplemented, helping to alleviate concerns about nutritional adequacy. Environmentally, the traditional meat-based pet food industry has a substantial carbon footprint, so vegetarian pet foods are gaining traction as a more sustainable alternative, appealing to eco-conscious consumers looking to reduce their pets’ environmental impact. Urbanization further accelerates this market expansion by concentrating populations in cities where pet ownership rates are rising and access to diverse food options including through online channels is growing. Online retail, in particular, has become a crucial distribution platform, enabling consumers to easily explore and purchase specialty vegetarian pet products that may not be available in conventional stores. Despite these positive drivers, challenges remain, including the need for continued research to ensure long-term health benefits of vegetarian diets for pets and the typically higher cost of plant-based pet foods compared to traditional ones, which may limit widespread adoption.

What's Inside a Actual Market Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Market Dynamics Market Drivers Industrial Growth and Power Generation DemandThe global surge in industrialization, particularly in developing economies, has significantly increased the demand for boilers and steam generators. Industries such as chemicals, textiles, and food processing require efficient steam generation for various processes. Additionally, the expansion of power generation capacities, especially thermal power plants, further drives the need for reliable and high-performance boilers. Adoption of Energy-Efficient TechnologiesWith rising energy costs and stringent environmental regulations, industries are increasingly adopting energy-efficient boiler systems. Technologies like smart boilers equipped with IoT capabilities allow for real-time monitoring, predictive maintenance, and optimization of fuel consumption, leading to reduced operational costs and compliance with emission standards.

Make this report your own

We're excited to discuss your needs and our solutions. Let's schedule a call.

Ask an Expert

Nikita Jabrela

Business Development Manager

Market Challenges High Initial Capital and Operational CostsThe significant capital investment required for purchasing, installing, and commissioning industrial boilers poses a challenge, particularly for small and medium-sized enterprises (SMEs). Additionally, fluctuating fuel prices and the need for regular maintenance contribute to high operational costs, which can deter businesses from upgrading or adopting advanced boiler systems. Stringent Environmental RegulationsGovernments worldwide are implementing strict emission standards, such as the EU's Industrial Emissions Directive, necessitating costly modifications to existing boiler systems. Compliance with these regulations often requires investments in pollution control equipment and advanced technologies, which can be financially burdensome for companies, especially in regions with varying regulatory frameworks. Market Trends

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now

Integration of Smart TechnologiesThe incorporation of Internet of Things (IoT) and automation in boiler systems is becoming a significant trend. These smart systems enable remote monitoring, predictive maintenance, and enhanced energy efficiency, offering industries the ability to optimize operations and reduce downtime. Shift Towards Renewable Energy SourcesThere is a growing emphasis on transitioning to renewable energy sources like biomass, solar, and geothermal for boiler fuel. This shift aligns with global sustainability goals and is incentivized by policies such as feed-in tariffs and carbon pricing mechanisms, encouraging industries to invest in boilers capable of utilizing these alternative fuels efficiently. Segmentation Analysis Vertical and horizontal boilers represent the two fundamental configurations in the global boilers and steam generators market, each designed to meet specific space constraints, operational efficiencies, and industry application requirements. Vertical boilers are characterized by a cylindrical shell oriented upright, with the combustion chamber and heating surfaces stacked vertically. One main advantage of vertical boilers is their compact footprint, which makes them highly suitable for installations where floor space is limited, such as in small-scale industrial plants or onboard ships. Their vertical design enables easy access to the combustion chamber from the top, simplifying inspection and maintenance tasks. However, vertical boilers generally have a lower steam capacity compared to horizontal types, limiting their use in large-scale operations. Despite this, they offer quick steam generation and are favored in applications where rapid startup and minimal space usage are critical. Their simple design often leads to lower initial costs and easier integration into existing systems where vertical space is available but horizontal space is constrained. On the other hand, horizontal boilers have a shell and heating surfaces arranged horizontally, spreading across a wider area. This orientation allows for larger heating surface areas and greater steam production capacity, making them ideal for high-demand industrial applications such as power plants, chemical processing, and large manufacturing units. Horizontal boilers typically provide higher efficiency and more uniform heat distribution due to their larger design, accommodating bigger furnaces and better combustion control. However, they require more horizontal space, which can be a limiting factor in compact facilities. Maintenance and cleaning of horizontal boilers can be more complex due to their size and configuration, but they are preferred when high steam output and operational reliability are prioritized over spatial constraints. The diverse applications of boilers and steam generators across industries such as oil & gas, power, food & beverage, textile, pulp and paper, and others drive the demand and innovation in the global market. In the oil and gas sector, boilers are crucial for processes such as enhanced oil recovery, refining, and petrochemical production. Steam generated by boilers helps in heating crude oil for easier distillation, powering turbines, and driving other refinery operations. Given the complex and energy-intensive nature of oil and gas processing, this industry demands robust, reliable boilers that can operate under high pressures and harsh conditions. Innovations in this segment focus on improving fuel efficiency and reducing emissions to meet stringent environmental regulations. The power generation industry represents one of the largest consumers of boilers and steam generators. Boilers in power plants convert water into high-pressure steam to drive turbines that generate electricity. With the global push towards cleaner energy, boilers designed for coal, gas, biomass, and waste-to-energy plants are continuously evolving to increase thermal efficiency and reduce carbon footprints. The power sector’s demand for large-scale, high-capacity boilers influences the development of advanced materials and designs that can withstand extreme temperatures and pressures. In the food and beverage industry, boilers provide the steam necessary for cooking, sterilization, drying, and cleaning processes. The need for hygienic, reliable steam production drives demand for boilers that can maintain precise temperature control and meet strict safety and sanitation standards. Smaller-scale and modular boilers are common here to accommodate varying production volumes and facility sizes. The textile industry utilizes boilers primarily for dyeing, drying, and finishing fabrics. Steam ensures consistent heat application, which is critical for quality and efficiency in textile manufacturing. Boilers in this sector often require flexibility and responsiveness to varying production cycles and energy sources. Regional Analysis The primary driver of regional growth in the global boilers and steam generators market is the increasing industrialization and urbanization in emerging economies, coupled with stringent environmental regulations and a growing demand for energy-efficient and sustainable solutions. The global boilers and steam generators market is experiencing significant regional growth, driven by a combination of industrial expansion, urban development, and a global shift towards sustainability. In 2023, Asia Pacific dominated the market with a 40% share, propelled by rapid industrialization in countries like China and India. The region's burgeoning manufacturing, chemical, and power generation sectors are major consumers of steam boilers, which are essential for heating, sterilization, and power production. The increasing demand for energy, coupled with environmental concerns, has led to a shift towards cleaner and more efficient boiler technologies, such as natural gas and biomass-fired systems. North America holds a significant share of the market, approximately 30%, due to its diverse industrial base, including power generation, chemicals, and food processing. Strict environmental regulations have encouraged the adoption of efficient and eco-friendly steam boiler technologies, further boosting market growth in the region. Europe, with a 25% market share, is at the forefront of sustainability initiatives, driving the demand for cleaner and more efficient steam boiler solutions. Countries like Germany and the Netherlands have been early adopters of advanced boiler technologies, influenced by stringent emission norms and regulatory frameworks. The Middle East & Africa region is witnessing substantial growth opportunities, particularly in oil and gas industries, where steam boilers are integral to various processes. Latin America's market growth is influenced by industries such as mining, agriculture, and food processing, where steam boilers play a crucial role in operations. Considered in this report • Historic Year: 2019 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030 Aspects covered in this report • Boilers and Steam Generators Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Vertical • Horizontal By Application • Oil & Gas • Power • Food & Beverage • Textile • Pulp and Paper • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to this industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.