- Industrial boilers are essential equipment used across various sectors such as chemical, food & beverage, paper & pulp, and power generation, providing steam and heat for diverse industrial processes
- The demand for industrial boilers is significantly driven by the increasing need for energy efficiency, strict emission regulations, and the ongoing transition toward clean energy and renewable integration in industrial operations
- North America dominates the global industrial boilers market, accounting for approximately 41.91% of the market share in 2024, the forecast period, attributed to rapid industrialization, expansion of manufacturing sectors, and government initiatives promoting industrial development, especially in China, India, and Southeast Asia
- North America is expected to hold a significant share of the industrial boilers market due to modernization of legacy power and heating infrastructure and rising demand for cleaner fuel technologies
- The natural gas-fired boiler segment is projected to dominate the global industrial boilers market, holding approximately 25% of the total market share. This dominance is attributed to natural gas being a cleaner and more efficient fuel source compared to oil or coal, resulting in lower carbon emissions and operational costs
