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市場調查報告書

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1623419

全球工業鍋爐市場規模依產品類型、燃料類型、技術、應用、地區、範圍和預測劃分

Global Industrial Boiler Market Size By Product, By Fuel Type, By Technology, By Application, By Geographic Scope And Forecast

出版日期: 2024年11月01日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

價格

簡介目錄

工業鍋爐市場規模及預測

2024 年工業鍋爐市場規模價值 107.2 億美元，預計到 2031 年將達到 193.2 億美元，2024 年至 2031 年的複合年增長率為 7.64%。工業鍋爐是一種封閉容器，用於加熱水或在壓力下產生蒸汽，主要用於各種工業用途。這些鍋爐利用天然氣、油氣或煤等燃料的燃燒產生熱量，然後將熱量轉移到水中，產生蒸汽或熱水，用於供暖、發電和其他用途。工業鍋爐在製造業、食品加工和能源生產等行業中發揮重要作用，因為它們為發電用的渦輪機提供動力，為工業過程提供熱量，並透過滅菌確保衛生。高壓運轉的鍋爐對於大規模應用中的高效能能源利用和製程加熱至關重要。

工業鍋爐的全球市場動態

主要市場驅動因子

新興國家的工業化：

新興國家，特別是亞太地區的快速工業化正在推動對工業鍋爐的需求。根據聯合國工業發展組織（UNIDO）的數據，發展中國家和新興工業化國家的製造業增加值（MVA）預計在2022年增長3.2％，表明需要鍋爐的工業活動持續發展。

更重視能源效率與減量：

嚴格的環境立法和對更節能系統的追求正在推動現代工業鍋爐的使用。根據國際能源總署 (IEA) 的數據，到 2030 年，工業能源效率的提高可以減少全球工業能源消耗 25%，這凸顯了高效鍋爐的重要性。

食品和飲料產業的需求不斷增加：

食品和飲料產業的成長是工業鍋爐市場的主要驅動力。根據聯合國糧食及農業組織 (FAO) 的數據，到 2050 年全球糧食產量必須增加 70% 才能滿足不斷增長的人口的需求。這種擴張需要更多的食品加工設施，並在各種活動中嚴重依賴工業鍋爐。

主要問題

資本與安裝成本高：

採購和安裝這些系統的初始成本相當高，佔總成本的 15-20％。此外，持續的維護和營運費用進一步加劇了預算緊張，特別是對於小型企業和在經濟困難環境中運營的企業。此類經濟壁壘會打擊潛在買家的積極性，阻礙市場擴張。

嚴格的法規和排放限制：

各國政府，特別是工業化國家的政府，對工業鍋爐排放的粒狀物、二氧化硫、氮氧化物等污染物有著嚴格的限制。要遵守這些法規，就需要在先進的減排技術上進行大量投資，這會增加鍋爐製造商的營運成本並使其製造流程複雜化。

主要趨勢：

轉向能源效率與綠色技術：

隨著企業面臨減少碳足跡和遵守嚴格的環境標準的壓力越來越大，對使用最新技術來提高效率的鍋爐的需求也日益增長。這包括使用更有效率的設計，如冷凝鍋爐和再生能源，以降低燃料消耗和營運成本。

工業物聯網 (IIoT) 整合：

工業物聯網（IIoT）融入鍋爐系統也是一個重要趨勢。該技術透過互聯網連接對鍋爐運行進行即時監控和管理，從而提高效率、預測性維護和安全性。收集性能指標數據的能力使操作員能夠優化鍋爐性能並減少停機時間，從而使 IIoT 成為工業鍋爐市場創新的關鍵驅動力。

Industrial Boiler Market size was valued at USD 10.72 Billion in 2024 and is projected to reach USD 19.32 Billion by 2031, growing at a CAGR of 7.64% from 2024 to 2031. An industrial boiler is a closed vessel designed to heat water or generate steam under pressure and is primarily utilized in a variety of industrial applications. These boilers use the combustion of fuels like natural gas, oil, or coal to generate heat, which is then transmitted to water, resulting in steam or hot water for heating, power generation, and other applications. Industrial boilers are critical in industries such as manufacturing, food processing, and energy production because they enable functions such as powering turbines for electricity generation, providing heat for industrial processes, and assuring sanitation through sterilization. Their capacity to work at high pressures makes them essential for efficient energy utilization and process heating in large-scale applications.

Global Industrial Boiler Market Dynamics

The key market dynamics that are shaping the industrial boiler market include:

Key Market Drivers

Growing Industrialization in Developing Countries:

The growing industrialization of developing countries, notably in Asia-Pacific, is pushing up demand for industrial boilers. According to the United Nations Industrial Development Organization (UNIDO), manufacturing value added (MVA) in developing and emerging industrial nations increased by 3.2% in 2022, showing a consistent development in industrial activities that demand boilers.

Increasing Focus on Energy Efficiency and Emission Reduction:

Stringent environmental laws and a quest for energy-efficient systems are boosting the use of modern industrial boilers. According to the International Energy Agency (IEA), energy efficiency advances in industry have the potential to lower worldwide industrial energy use by 25% compared to current levels by 2030, emphasizing the relevance of efficient boilers.

Rising Demand from the Food and Beverage Industry:

The rising food and beverage sector is a significant driver of the industrial boiler market. According to the Food and Agriculture Organization (FAO), worldwide food production must increase by 70% by 2050 to meet the expanding population's demands. This expansion needs more food processing facilities, which rely heavily on industrial boilers for a variety of activities.

Key Challenges:

High Capital and Installation Costs:

The initial expenditure in procuring and installing these systems is significant, accounting for 15-20% of the overall cost. Furthermore, ongoing maintenance and operational expenditures place further strain on budgets, especially for smaller businesses or those operating in economically tough environments. This financial barrier discourages potential purchasers and stifles market expansion.

Stringent Regulations and Emission Controls:

Governments, particularly in industrialized countries, have imposed severe limits on pollutants such as particulate matter, sulfur dioxide, and nitrogen oxides emitted by industrial boilers. Compliance with these requirements necessitates large investments in advanced emission reduction technologies, raising operational costs and complicating the manufacturing process for boiler producers.

Key Trends:

Shift Towards Energy-efficient & Environmentally Friendly Technologies:

There is an increasing need for boilers that use modern methods to increase efficiency as enterprises come under more and more pressure to lower carbon emissions and adhere to strict environmental standards. This involves the use of high-efficiency designs, such as condensing boilers and renewable energy sources, to reduce fuel consumption and operating costs.

Integration of the Industrial Internet of Things (IIoT):

The integration of the Industrial Internet of Things (IIoT) into boiler systems is another significant trend. This technology offers real-time monitoring and management of boiler operations via Internet connectivity, resulting in increased efficiency, predictive maintenance, and safety. The capacity to collect data on performance metrics enables operators to optimize boiler performance and reduce downtime, making IIoT a critical driver of innovation in the industrial boiler market.

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Global Industrial Boiler Market Regional Analysis

Here is a more detailed regional analysis of the industrial boiler market:

North America:

According to Verified Market Research, North America is estimated to exhibit substantial growth within the industrial boiler market over the forecast period. North America has implemented severe laws to promote energy efficiency and minimize greenhouse gas emissions, resulting in the adoption of more efficient industrial boilers. According to the United States Environmental Protection Agency (EPA), the industrial sector was responsible for approximately 23% of total US greenhouse gas emissions in 2021. This has prompted a push for more efficient boiler systems, with the Department of Energy projecting that switching to high-efficiency boilers might result in 10-12% energy savings in industrial operations.

Furthermore, many industrial enterprises in North America are replacing outdated boiler systems with more modern, efficient models. According to a report published by the United States Department of Energy, the average age of industrial boilers in the United States is more than 30 years, with almost 70% of boilers older than 20 years. This aging infrastructure is creating a substantial replacement market, with the U.S. Energy Information Administration (EIA) forecasting that industrial boiler shipments in the United States will increase by 3.5% each year from 2019-2023.

Asia Pacific:

The Asia Pacific region is estimated to dominate the market during the forecast period. The Asia Pacific region has seen increasing industrialization, particularly in China and India, generating demand for industrial boilers. According to the Asian Development Bank (ADB), despite global economic concerns, developing Asian economies are expected to rise by 4.7% in 2023 and 4.8% in 2024. This steady growth translates into more industrial activity that necessitates boiler systems in a variety of industries.

Furthermore, the food and beverage sector in the Asia Pacific is expanding rapidly, fueling demand for industrial boilers used in food processing. According to a Food and Agriculture Organization (FAO) report, Asia-Pacific food and agriculture exports were valued at $342 billion in 2020, a 3.2% increase from the year before. This food industry expansion trend has a direct impact on the region's rising usage of industrial boilers.

Global Industrial Boiler Market: Segmentation Analysis

The Industrial Boiler Market is segmented based on Product, Fuel Type, Technology, Application, and Geography.

Industrial Boiler Market, By Product

Fire-tube
Water-tube
Hybrid

Based on Product, the market is segmented into Fire-tube, Water-tube, and Hybrid. The fire-tube segment is estimated to dominate the industrial boiler market due to its extensive use in a variety of industries because of its simplicity, dependability, and cost-effectiveness. Fire-tube boilers are very popular for applications that require low to medium-pressure steam, making them appropriate for industries such as food processing, textiles, and chemicals. Their ability to provide effective heating solutions at lower upfront costs than water-tube boilers helps them maintain market leadership.

Industrial Boiler Market, By Fuel Type

Fossil Fuels
Non-Fossil Fuels
Electric Boilers

Based on Fuel Type, the market is segmented into Fossil Fuels, Non-Fossil Fuels, and Electric Boilers. The fossil fuel segment is estimated to dominate the industrial boiler market during the forecast period due to the broad availability and established infrastructure of fossil fuel sources such as natural gas and coal, both of which are widely employed in industrial applications for steam generation and heating. Despite the growing regulatory push for greener energy options, fossil fuels remain the preferred choice due to their high efficiency and dependability in servicing industrial energy demands.

Industrial Boiler Market, By Technology

Condensing
Non-condensing

Based on Technology, the market is segmented into Condensing and Non-condensing. The non-condensing segment is estimated to dominate the industrial boiler market. Non-condensing boilers are less expensive to buy and install than condensing versions, making them a better value for many industrial applications. Furthermore, non-condensing boilers often have a slightly longer lifespan and are less expensive to repair, leading to their widespread use in the industrial sector.

Industrial Boiler Market, By Application

Food and Beverages
Paper and Pulp
Chemical
Others

Based on Application, the market is segmented into Food & Beverages, Paper & Pulp, Chemicals, and Others. The chemical segment is estimated to dominate the industrial boiler market due to the growing demand for high-quality steam in the production of a variety of chemicals, including petrochemicals and synthetics. Emerging regions, especially in Asia-Pacific, are witnessing tremendous industrial growth, which is driving up demand for industrial boilers to fulfill the energy demands of this key sector. As a result, the chemical industry is likely to continue its leadership position over the forecast period.

Industrial Boiler Market, By Geography

North America
Europe
Asia Pacific
Rest of the World

Based on Geography, the Industrial Boiler Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. According to the VMR analyst, the Asia Pacific region is estimated to dominate during the forecasted period. Rapid industrialization in countries such as China, India, and Southeast Asia has resulted in increased demand for energy, especially steam and heat produced by industrial boilers. The Asia Pacific region's expanding middle class and rising population have increased demand for industrial boilers in a variety of industries, including manufacturing, chemicals, and food processing. The competition between local and foreign producers in the Asia Pacific market has fueled innovation and supplied purchasers with a diverse variety of choices.

Key Players

The "Industrial Boiler Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
John Wood Group, Doosan Heavy Industries & Construction, Mitsubishi Heavy Industries, Rentech Boilers, Siemens, Thermax, General Electric, Sofinter, and Miura America.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Industrial Boiler Market Recent Developments
In January 2023, Babcock & Wilcox Enterprises, Inc. partnered with Fidelis, an energy transition company driving decarbonization through infrastructure development and investments in renewable fuels and low or negative-carbon-intensity products, intending to produce clean, zero- carbon-intensity hydrogen.
In December 2022, a joint venture took place between Mitsubishi Heavy Industries, the parent company of Mitsubishi Power, and Mitsubishi Electric to strengthen their footprints in the power generation segment.
In December 2022, the agreement between Bharat Heavy Electricals Limited (BHEL) and Sumitomo SHI FW, will strengthen BHEL'S capabilities in catering to power plant requirements and meeting the emission norms. It enhances the sales and manufacturing of subcritical and supercritical boilers in India.
In July 2022, Bosch introduced an electric steam boiler for sustainable steam and heat supply. It is 100% electric and fully carbon neutral. The output ranges from 350 to 7500 kilograms of steam per hour.

1. INTRODUCTION OF GLOBAL INDUSTRIAL BOILER MARKET

1.1. Overview of the Market
1.2. Scope of Report
1.3. Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1. Data Mining
3.2. Validation
3.3. Primary Interviews
3.4. List of Data Sources

4. GLOBAL INDUSTRIAL BOILER MARKET OUTLOOK

4.1. Overview
4.2. Market Dynamics
- 4.2.1. Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
4.3. Porters Five Force Model
4.4. Value Chain Analysis

5. GLOBAL INDUSTRIAL BOILER MARKET, BY PRODUCT

5.1. Overview
5.2. Fire-tube
5.3. Water-tube
5.4. Hybrid

6. GLOBAL INDUSTRIAL BOILER MARKET, BY APPLICATION

6.1. Overview
6.2. Food
6.3. Paper
6.4. Chemical
6.5. Refinery
6.6. Primary Metals

7. GLOBAL INDUSTRIAL BOILER MARKET, BY TECHNOLOGY

7.1. Overview
7.2. Condensing
7.3. Non-condensing

8. GLOBAL INDUSTRIAL BOILER MARKET, BY FUEL TYPE

8.1. Overview
8.2. Natural Gas
8.3. Oil
8.4. Coal
8.5. Other

9. GLOBAL INDUSTRIAL BOILER MARKET, BY GEOGRAPHY

9.1. Overview
9.2. North America
- 9.2.1. U.S.
- 9.2.2. Canada
- 9.2.3. Mexico
9.3. Europe
- 9.3.1. Germany
- 9.3.2. U.K.
- 9.3.3. France
- 9.3.4. Rest of Europe
9.4. Asia Pacific
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. India
- 9.4.4. Rest of Asia Pacific
9.5. Rest of the World
- 9.5.1. Latin America
- 9.5.2. Middle East & Africa

10. GLOBAL INDUSTRIAL BOILER MARKET COMPETITIVE LANDSCAPE

10.1. Overview
10.2. Company Market Ranking
10.3. Key Development Strategies

11. COMPANY PROFILES

11.1. Clayton
- 11.1.1 Overview
- 11.1.2 Financial Performance
- 11.1.3 Product Outlook
- 11.1.4 Key Developments
11.2. Cleaver-Brooks
- 11.2.1. Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Outlook
- 11.2.4. Key Developments
11.3. Fulton
- 11.3.1. Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Outlook
- 11.3.4. Key Developments
11.4. IHI
- 11.4.1. Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Outlook
- 11.4.4. Key Developments
11.5. General Electric
- 11.5.1. Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Outlook
- 11.5.4. Key Developments
11.6. Thermax
- 11.6.1. Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Outlook
- 11.6.4. Key Developments
11.7. Siemens
- 11.7.1. Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Outlook
- 11.7.4. Key Developments
11.8. Forbes Marshall
- 11.8.1. Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Outlook
- 11.8.4. Key Developments
11.9. Cochran
- 11.9.1. Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Outlook
- 11.9.4. Key Developments
11.10. Mitsubishi Hitachi
- 11.10.1. Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Outlook
- 11.10.4. Key Developments