According to a recent report, the global industrial boilers market is anticipated to reach USD 19.3 billion by 2025. Factors driving the growth of this segment include the increasing demand for industrial boilers from the food & beverage industry and high demand for clean technology in the chemical end-use industry.
The largest end-use industry in the global industrial boilers market in the year 2019 was the chemical segment. This segment has been forecasted to continue the growth until 2025, due to factors such as the rising demand for high-quality steam for the production of chemicals. Developing economies such as India, drive the growth of the industrial boilers market in the chemical landscape and these are the most lucrative markets for energy consumption in the chemical industry.
The increase in demand for industrial boilers to meet the growing need for heat energy across industries in countries like China and Japan in the Asia Pacific region are the factors that can be attributed to the growth of this landscape. This region is one of the largest consumers in the chemical industry, providing high-growth opportunities for industrial boilers for high pressure and temperature steam. Furthermore, urbanization and rapid growth in population, leading to increased consumption of processed and packaged food products, are expected to drive the growth of the food segment in the Asia Pacific industrial boilers market.
Industrial boiler systems are welded from thick steel plates that are up to 35 mm thick. Therefore, can cope with much higher pressures (making pressures of 30 bar and more possible). A stable, robust design is highly critical for manufacturing a boiler of this type since any boiler of this type were to collapse, the explosive forces released would be equal to that of the explosive power of a ton of gelignite.
Small-sized industrial boilers ranging from 10 BHP to 150 BHP are available in standard designs. These require low customizations in boilers and are installed across end-use industries for various applications such as steam and hot water applications.
The largest fuel type segment in the industrial boilers market that is projected to lead the market during the forecast period is the natural gas & biomass landscape. One of the most widely used boilers in western countries is the natural gas-fired boilers. These are widely used owing to the easy availability and regulatory guidelines, with regards to the CO2 emissions.