Industrial Modular Boiler Market, By Type (Fire-Tube and Water-Tube), By Fuel Type (Natural Gas & Biomass, Oil, and Coal), By Boiler Horsepower (10-150 HP, 151-300 HP, and 301-600 HP), By End-User (Chemical, Food Processing, Refineries, and Metals & Mining), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Trends, Analysis and Forecast till 2034

Report Code: PMI95119 | Publish Date: April 2024 | No. of Pages: 167

Global Industrial Modular Boiler Market Overview

Introduction:

Modular boilers are packaged boiler systems that operate in parallel or series to provide varying amounts of steam. Modular boilers provide a flexible and secure approach to heating solutions. Modular boilers are physically easier to transport and handle than very large boilers. It uses a fuel source as electricity to boil water or generate steam for industrial heating and humidification purpose. This leads to obtain required physical properties such as steam temperature or pressure. Steam or water is returned back to the boiler and the cycle continues. Hot Water or steam is an essential heat carrier which has many useful properties such as high energy absorption and easy transportability.

The key drivers of the target market include rising industrialization and growing demand for energy efficient systems. In addition to it, growth in food processing industry would also boost the growth of industrial boilers. For instance, Indian government is providing incentives to promote investment in food processing industry which would complement the growth of the global market. However, the factor which restrains target market growth includes high R&D investments, high cost of installation, boiler efficiency & steam quality. The factors such as increasing use of natural gas and increasing demand for lean operations are the key opportunities to the industrial modular boiler market.

Industrial modular boiler market has been segmented on the basis of type, fuel type, boiler horsepower, end-user, and region.

Based on type, the global market is segmented into water-tube and fire-tube boilers. The fire-tube segment is estimated to have a largest market share in terms of revenue in 2018 and is projected to dominate the market till 2029. Based on fuel type, the industrial modular boiler market is sub-segmented into natural gas & biomass, oil, coal, and others. The natural gas & biomass is estimated to hold the largest share in 2019. On the basis of boiler horsepower, the target market is segmented into 10 -150 HP, 151-300 HP, and 301-600 HP. The industrial modular boiler market is dominated by the 10-150 BHP segment as most of the end-use industries, such as chemical, food processing, refineries, and metals & mining use boilers in the 10-150 BHP range.

Industrial modular boiler market by region is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest share during the forecast period due to the rising demand for energy and replacement of conventional boilers in the region. In 2015, the European Union introduced the Eco-design Directive with respect to solid fuel boilers with an aim to minimize negative environmental impact of GHG emission. The target market for Europe and Asia Pacific is projected to grow at fastest rate during the forecast period owing to increasing population and increasing demand for power generation in the region.

Key players operating in the industrial modular boiler market includes Babcock & Wilcox Co., Thermax Ltd., General Electric Company, Doosan Heavy Industries & Construction, Siemens AG, IHI Co, Dongfang Electric Corporation Ltd., Bharat Heavy Electricals Ltd., and Harbin Power Equipment Co. Ltd.

Global Industrial Modular Boiler Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Fuel Type
      • Market Snippet, By Boiler Horsepower
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Fire-Tube
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%),  Forecast Period up to 10 Years
  • Water-Tube
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Fuel Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Natural Gas & Biomass
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Oil, and Coal
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Boiler Horsepower, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • 10-150 HP
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • 151-300 HP
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • 301-600 HP
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By End User, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Chemical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Food Processing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Refineries
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Metals & Mining
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Fuel Type Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Boiler Horsepower, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Fuel Type Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Boiler Horsepower, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Fuel Type Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Boiler Horsepower, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Fuel Type Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Boiler Horsepower, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Fuel Type Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Boiler Horsepower, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles
  • Babcock & Wilcox Co.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Thermax Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • General Electric Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Doosan Heavy Industries & Construction
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Siemens AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IHI Co
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dongfang Electric Corporation Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bharat Heavy Electricals Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Harbin Power Equipment Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Industrial Modular Boiler Market is segmented into Type, By Fuel Type By Boiler Horsepower By End-User , and Region.

The Industrial Modular Boiler Market is driven by factors such as the demand for compact and scalable heating solutions, energy efficiency requirements, and the need for quick installation and flexibility in industrial processes.

The high upfront costs of modular boilers, complexities in integration with existing systems, and variations in regulations across regions, acting as restraints for the Industrial Modular Boiler Market globally.

North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific is expected to dominate the Industrial Modular Boiler Market, driven by rapid industrialization, infrastructure development, and the adoption of modular heating solutions in various industries in the region.

Key players operating in the industrial modular boiler market includes Babcock & Wilcox Co., Thermax Ltd., General Electric Company, Doosan Heavy Industries & Construction, Siemens AG, IHI Co, Dongfang Electric Corporation Ltd., Bharat Heavy Electricals Ltd., and Harbin Power Equipment Co. Ltd.