Market Overview:
The global industrial gas fired boilers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and environment-friendly technologies across different industries. In terms of type, the natural gas boiler segment is expected to hold the largest share in the global industrial gas fired boilers market during the forecast period. This can be attributed to factors such as growing demand for clean and efficient energy sources, stringent environmental regulations, and rising prices of traditional fuels such as coal.
Product Definition:
An industrial gas-fired boiler is a boiler that uses natural gas or propane as its fuel source. Industrial boilers are used in a variety of applications, including power generation, manufacturing, and heating and cooling processes.
Natural Gas Boiler:
Natural gas boiler is used to generate steam which can be further utilized in various industries. Natural gas is considered as a clean fuel and it has been substituting other fossil fuels such as coal in power generation over the past few years. Growing demand for natural gas from end-use industries such as chemicals, paper & pulp, food & beverages and textiles is expected to drive its demand over the forecast period.
Coal Gas Boiler:
Coal gas boiler is used in industrial gas fired boilers to generate steam. It works on the simple principle of combustion of solid or liquid fossil fuel, such as coal, lignite, and tar sands among others by a hot air furnace. The heat generated by this process is transferred into the water that drives a turbine-powered generator producing electricity.
The boiler can be classified into two types depending upon its temperature range i.e.
Application Insights:
The power station segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for gas-fired boilers in power generation applications owing to its ability to produce high heat with low fuel consumption and emission rates as compared with other fossil fuels such as coal or oil.
Industrial boiler systems are used across multiple industries including chemical, metal & mining, food & beverage, pulp and paper among others which require consistent steam production throughout the day without any significant dips. These systems operate on natural or manufactured gas along with any available feedstock such as landfill gases (for example: biogas) or city center air (for example: nitrogen).
Regional Analysis:
Asia Pacific dominated the global industry and accounted for over 45% of the total market revenue in 2016. The region is expected to witness significant growth owing to increasing industrialization, especially in China and India. In addition, rising population coupled with rapid urbanization has led to an increase in energy consumption, which is anticipated to drive demand for industrial gas fired boilers across Asia Pacific over the forecast period.
Europe was estimated as a major consumer of industrial gas fired boilers due to high application scope across various end-use industries such as power generation, petrochemical production and metal processing among others. North America emerged as one of the largest consumers owing its growing need from several key sectors including power generation and chemical manufacturing among others.
Growth Factors:
- Increasing demand from the chemical and petrochemical industries
- Growing investments in infrastructure development
- Rising demand for energy-efficient technologies
- Proliferation of stringent environmental regulations worldwide
- Technological advancements in industrial gas fired boilers
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Gas Fired Boilers Market Research Report
By Type
Natural Gas Boiler, Coal Gas Boiler, Other
By Application
Power Station, Ship Industry, Metals and Mining, Other
By Companies
Viessmann, Forbes Marshall, Babcock & Wilcox, Miura, Rentech Boiler, Fulton, Hurst Boiler & Welding Company, Inc., Ferroli, Hoval, Parker Boiler, Viessmann
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Gas Fired Boilers Market Report Segments:
The global Industrial Gas Fired Boilers market is segmented on the basis of:
Types
Natural Gas Boiler, Coal Gas Boiler, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Station, Ship Industry, Metals and Mining, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Viessmann
- Forbes Marshall
- Babcock & Wilcox
- Miura
- Rentech Boiler
- Fulton
- Hurst Boiler & Welding Company, Inc.
- Ferroli
- Hoval
- Parker Boiler
- Viessmann
Highlights of The Industrial Gas Fired Boilers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Gas Boiler
- Coal Gas Boiler
- Other
- By Application:
- Power Station
- Ship Industry
- Metals and Mining
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Gas Fired Boilers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial gas fired boilers are a type of boiler that is used in industrial settings to produce steam or hot water. They use natural gas as the fuel source, and they are typically smaller than traditional boilers. This makes them more efficient and less expensive to operate, which is why they are often used in industries such as manufacturing and construction.
Some of the key players operating in the industrial gas fired boilers market are Viessmann, Forbes Marshall, Babcock & Wilcox, Miura, Rentech Boiler, Fulton, Hurst Boiler & Welding Company, Inc., Ferroli, Hoval, Parker Boiler, Viessmann.
The industrial gas fired boilers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Gas Fired Boilers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Gas Fired Boilers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Gas Fired Boilers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Gas Fired Boilers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Gas Fired Boilers Market Size & Forecast, 2018-2028
4.5.1 Industrial Gas Fired Boilers Market Size and Y-o-Y Growth
4.5.2 Industrial Gas Fired Boilers Market Absolute $ Opportunity
Chapter 5 Global Industrial Gas Fired Boilers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Gas Fired Boilers Market Size Forecast by Type
5.2.1 Natural Gas Boiler
5.2.2 Coal Gas Boiler
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Gas Fired Boilers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Gas Fired Boilers Market Size Forecast by Applications
6.2.1 Power Station
6.2.2 Ship Industry
6.2.3 Metals and Mining
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Gas Fired Boilers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Gas Fired Boilers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Gas Fired Boilers Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Gas Fired Boilers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Gas Fired Boilers Market Size Forecast by Type
9.6.1 Natural Gas Boiler
9.6.2 Coal Gas Boiler
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Gas Fired Boilers Market Size Forecast by Applications
9.10.1 Power Station
9.10.2 Ship Industry
9.10.3 Metals and Mining
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Gas Fired Boilers Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Gas Fired Boilers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Gas Fired Boilers Market Size Forecast by Type
10.6.1 Natural Gas Boiler
10.6.2 Coal Gas Boiler
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Gas Fired Boilers Market Size Forecast by Applications
10.10.1 Power Station
10.10.2 Ship Industry
10.10.3 Metals and Mining
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Gas Fired Boilers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Gas Fired Boilers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Gas Fired Boilers Market Size Forecast by Type
11.6.1 Natural Gas Boiler
11.6.2 Coal Gas Boiler
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Gas Fired Boilers Market Size Forecast by Applications
11.10.1 Power Station
11.10.2 Ship Industry
11.10.3 Metals and Mining
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Gas Fired Boilers Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Gas Fired Boilers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Gas Fired Boilers Market Size Forecast by Type
12.6.1 Natural Gas Boiler
12.6.2 Coal Gas Boiler
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Gas Fired Boilers Market Size Forecast by Applications
12.10.1 Power Station
12.10.2 Ship Industry
12.10.3 Metals and Mining
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Gas Fired Boilers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Gas Fired Boilers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Gas Fired Boilers Market Size Forecast by Type
13.6.1 Natural Gas Boiler
13.6.2 Coal Gas Boiler
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Gas Fired Boilers Market Size Forecast by Applications
13.10.1 Power Station
13.10.2 Ship Industry
13.10.3 Metals and Mining
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Gas Fired Boilers Market: Competitive Dashboard
14.2 Global Industrial Gas Fired Boilers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Viessmann
14.3.2 Forbes Marshall
14.3.3 Babcock & Wilcox
14.3.4 Miura
14.3.5 Rentech Boiler
14.3.6 Fulton
14.3.7 Hurst Boiler & Welding Company, Inc.
14.3.8 Ferroli
14.3.9 Hoval
14.3.10 Parker Boiler
14.3.11 Viessmann
