South Korea Industrial Boilers Market to 2032
Overview
The South Korea Industrial Boilers Market is expected to reach a 1,399.24 USD Billion by 2032 and is projected to grow at a CAGR of 8.09% from 2025 to 2032.
Revenue, 2024 (USD Billion)
861.51
Forecast, 2032 (USD Billion)
1,399.24
CAGR, 2024 - 2032
8.09%
Report Coverage
South Korea
South Korea Industrial Boilers Market 2018-2032 USD Billion
South Korea Industrial Boilers Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 861.51 USD Billion
- Projected Market Size (2032): 1,399.24 USD Billion
- CAGR (2025-2032): 8.09%
Key Findings of South Korea Industrial Boilers Market
- The South Korea Industrial Boilers Market was valued at 861.51 USD Billion in 2024.
- The South Korea Industrial Boilers Market is likely to grow at a CAGR of 8.09% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Multi Tube Boilers in Tubes in Boilers Segment accounted for the largest share of the market with a revenue of 649.60 USD Billion
- The fastest growing segment Gas Fired Boilers in Fuel Type Segment grew Fastest with a CAGR of 9.67% during the forecast period from 2024 to 2032.
South Korea Industrial Boilers Market Scope
South Korea Industrial Boilers Market Segmentation & Scope
Industry
- Packaging
- Agriculture
- Automotive
- Pulp and Paper
- Construction
- Hospitals
- Pharmaceutical
- Laundries and Cleaning Firm
- Breweries
- Others
- Food Industry
Boiler HorsePower
- 301 - 600 BHP
- 151 -300 BHP
- 10-150 BHP
Steam Usage
- Marine Boilers
- Utility Boilers
- Process Boilers
Steam Pressure
- Low Pressure Boilers
- Medium Pressure Boilers
- High Pressure Boilers
Tubing Methods
- Fire Tube Boilers
- Water Tube Boilers
Furnace Position
- Internally Fired Boilers
- Externally Fired Boilers
Shell Axis
- Vertical Boilers
- Horizontal Boilers
Product Type
- Electric Hot Water Boilers
- Others
- Electric Heated Steam Boiler
- Split Condensing Steam Boiler
- Integrated Condensing Steam Boiler
- Integrated Condensing Hot Water Boiler
- Condensing Hot Water Boiler
Fuel Type
- Oil Fired Boilers
- Others
- Biomass Boilers
- Coal Fired Boilers
- Gas Fired Boilers
Water and Steam Circulation in Boilers
- Natural Circulation Boilers
- Forced Circulation Boilers
Tubes in Boilers
- Single Boilers
- Multi Tube Boilers
South Korea Industrial Boilers Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 861.51 USD Billion |
| Market Value in 2032 | 1,399.24 USD Billion |
| CAGR (2025-2032) | 8.09% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Industry,Boiler HorsePower,Steam Usage,Steam Pressure,Tubing Methods,Furnace Position,Shell Axis,Product Type,Fuel Type,Water and Steam Circulation in Boilers,Tubes in Boilers |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 861.51 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 861.51 USD Billion in 2024.
Segments and Scope
-
South Korea Industrial Boilers Market to 2032, By Industry
- Food Industry is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 177.47 USD Billion in the year 2024.
- Food Industry is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 8.99 % in forecast period 2025-2032.
-
South Korea Industrial Boilers Market to 2032, By Boiler HorsePower
- 10-150 BHP is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 442.22 USD Billion in the year 2024.
- 10-150 BHP is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 8.74 % in forecast period 2025-2032.
-
South Korea Industrial Boilers Market to 2032, By Steam Usage
- Process Boilers is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 477.64 USD Billion in the year 2024.
- Process Boilers is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 8.50 % in forecast period 2025-2032.
-
South Korea Industrial Boilers Market to 2032, By Steam Pressure
- High Pressure Boilers is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 497.73 USD Billion in the year 2024.
- High Pressure Boilers is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 8.59 % in forecast period 2025-2032.
-
South Korea Industrial Boilers Market to 2032, By Tubing Methods
- Water Tube Boilers is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 563.96 USD Billion in the year 2024.
- Water Tube Boilers is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 8.82 % in forecast period 2025-2032.
-
South Korea Industrial Boilers Market to 2032, By Furnace Position
- Externally Fired Boilers is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 604.94 USD Billion in the year 2024.
- Externally Fired Boilers is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 8.67 % in forecast period 2025-2032.
-
South Korea Industrial Boilers Market to 2032, By Shell Axis
- Horizontal Boilers is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 582.11 USD Billion in the year 2024.
- Horizontal Boilers is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 9.03 % in forecast period 2025-2032.
-
South Korea Industrial Boilers Market to 2032, By Product Type
- Condensing Hot Water Boiler is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 248.65 USD Billion in the year 2024.
- Condensing Hot Water Boiler is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 9.36 % in forecast period 2025-2032.
-
South Korea Industrial Boilers Market to 2032, By Fuel Type
- Gas Fired Boilers is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 287.11 USD Billion in the year 2024.
- Gas Fired Boilers is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 9.67 % in forecast period 2025-2032.
-
South Korea Industrial Boilers Market to 2032, By Water and Steam Circulation in Boilers
- Forced Circulation Boilers is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 556.42 USD Billion in the year 2024.
- Forced Circulation Boilers is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 9.16 % in forecast period 2025-2032.
-
South Korea Industrial Boilers Market to 2032, By Tubes in Boilers
- Multi Tube Boilers is the largest segment in South Korea Industrial Boilers Market to 2032 with a revenue of 649.60 USD Billion in the year 2024.
- Multi Tube Boilers is the Fastest growing segment in South Korea Industrial Boilers Market to 2032 with a Growth rate of 8.86 % in forecast period 2025-2032.
South Korea Industrial Boilers Market Company Share Analysis
| Company Name |
|
||
| Mitsubishi Electric Corporation | |||
| GENERAL ELECTRIC | |||
| Thermax Limited | |||
| ANDRITZ | |||
| ALFA LAVAL | |||
South Korea Industrial Boilers Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Industrial Boilers Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Industrial Boilers Market is segmented based on Segmentation Industry,Boiler HorsePower,Steam Usage,Steam Pressure,Tubing Methods,Furnace Position,Shell Axis,Product Type,Fuel Type,Water and Steam Circulation in Boilers,Tubes in Boilers.
South Korea Industrial Boilers Market was valued at USD 861.51(Revenue in USD Billion) in 2022.
South Korea Industrial Boilers Market is projected to grow at a CAGR of 8.09% during the forecast period of 2024 to 2032.
The Multi Tube Boilers segment is expected to dominate the South Korea Industrial Boilers Market, holding a largest market share of 649.60 USD Billion in 2024
South Korea Industrial Boilers Market Scope
South Korea Industrial Boilers Market Segmentation & Scope
Industry
- Packaging
- Agriculture
- Automotive
- Pulp and Paper
- Construction
- Hospitals
- Pharmaceutical
- Laundries and Cleaning Firm
- Breweries
- Others
- Food Industry
Boiler HorsePower
- 301 - 600 BHP
- 151 -300 BHP
- 10-150 BHP
Steam Usage
- Marine Boilers
- Utility Boilers
- Process Boilers
Steam Pressure
- Low Pressure Boilers
- Medium Pressure Boilers
- High Pressure Boilers
Tubing Methods
- Fire Tube Boilers
- Water Tube Boilers
Furnace Position
- Internally Fired Boilers
- Externally Fired Boilers
Shell Axis
- Vertical Boilers
- Horizontal Boilers
Product Type
- Electric Hot Water Boilers
- Others
- Electric Heated Steam Boiler
- Split Condensing Steam Boiler
- Integrated Condensing Steam Boiler
- Integrated Condensing Hot Water Boiler
- Condensing Hot Water Boiler
Fuel Type
- Oil Fired Boilers
- Others
- Biomass Boilers
- Coal Fired Boilers
- Gas Fired Boilers
Water and Steam Circulation in Boilers
- Natural Circulation Boilers
- Forced Circulation Boilers
Tubes in Boilers
- Single Boilers
- Multi Tube Boilers
Frequently Asked Questions
The South Korea Industrial Boilers Market is segmented based on Segmentation Industry,Boiler HorsePower,Steam Usage,Steam Pressure,Tubing Methods,Furnace Position,Shell Axis,Product Type,Fuel Type,Water and Steam Circulation in Boilers,Tubes in Boilers.
South Korea Industrial Boilers Market was valued at USD 861.51(Revenue in USD Billion) in 2022.
South Korea Industrial Boilers Market is projected to grow at a CAGR of 8.09% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Industrial Boilers Market for final year is USD 1,399.24 (USD Billion).
South Korea Industrial Boilers Market Company Profiling
Frequently Asked Questions
The South Korea Industrial Boilers Market is segmented based on Segmentation Industry,Boiler HorsePower,Steam Usage,Steam Pressure,Tubing Methods,Furnace Position,Shell Axis,Product Type,Fuel Type,Water and Steam Circulation in Boilers,Tubes in Boilers.
South Korea Industrial Boilers Market was valued at USD 861.51(Revenue in USD Billion) in 2022.
South Korea Industrial Boilers Market is projected to grow at a CAGR of 8.09% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Industrial Boilers Market for final year is USD 1,399.24 (USD Billion).
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