Global Package Boilers Market Size, Share, Trends, Growth 2032
Global Package Boilers Market By Type (Electric Boilers, Water-Tube Package Boilers, Fire-Tube Package Boilers, and Others), By Design (D, A, and O-type), By Fuel (Biomass, Gas, Oil, and Others), By End-User Industry (Paper & Pulp, Chemical, Oil & Gas, Food & Beverage, and Others), and Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 9.44 Billion | USD 14.55 Billion | 4.92% | 2023 |
Package Boilers Market Insights
According to a report from Zion Market Research, the global Package Boilers Market was valued at USD 9.44 Billion in 2023 and is projected to hit USD 14.55 Billion by 2032, with a compound annual growth rate (CAGR) of 4.92% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Package Boilers industry over the next decade.
Global Package Boilers Market: Growth Factors
The growth of ultra-mega power projects in developing economies is expected to propel the expansion of the global industrial boiler market in the coming years. Policies and laws imposed by significant environmental authoritarian bodies, for instance, the U.S., Environmental Protection Agency is likely to encourage different sectors, particularly in the power generation division to check on production levels. Due to this, the power division in these regions is likely to take strict measures to preserve energy as well as reduce dangerous emissions. This is expected to enhance several ultra-mega power projects in different countries, which in turn, will propel the demand and requirement of the global package boilers market.
The need to develop the combustion efficiency of biomass utilizing new materials is also expected to propel the growth opportunities for the global package boilers market in the coming future. The usage of the latest materials in biomass beds increases the effectiveness of the waste and decreases the expenditure of biomass boilers.
Global Package Boilers Market: Segmentation
The global package boilers market is divided based on the type, design, fuel, end-user industry, and region.
In terms of design, is categorized into D, A, and O-type package boilers.
In terms of type, is classified into electric boilers, water-tube package boilers, fire-tube package boilers, and others.
In terms of fuel, is divided into biomass, gas, oil, and others.
In terms of end-user industry, is fragmented into paper & pulp, chemical, oil & gas, food & beverage, and others.
Package Boilers Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Package Boilers Market |
| Market Size in 2023 | USD 9.44 Billion |
| Market Forecast in 2032 | USD 14.55 Billion |
| Growth Rate | CAGR of 4.92% |
| Number of Pages | 110 |
| Key Companies Covered | Parker Boiler Company, Miura, Babcock & Wilcox Enterprises, Williams & Davis Boilers, IHI Corporation, English Boiler and Tube, Rentec Boilers Systems, Johnston Boiler Company, York-Shipley Global, Kawasaki Thermal Engineering, Aerco International, Microtech Boilers Private Limited, Fulton, Forbes Marshall Private Limited, Hurst Boiler & Welding Company, Amec Foster Wheeler Plc., John Thompson, Aalborg Engineering A/S, Cleaver-Brooks, Mackenzie Industries, Mitsubishi Hitachi Power Systems, Superior Boiler Works, Thermax Limited, Calderas Powermaster, and Vapor Power International, among others |
| Segments Covered | By Type, By Design, By Fuel, By End-User Industry And By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Package Boilers Market: Regional Analysis
In terms of region, Asia Pacific is likely to be the major contributor to the global package boilers market in the coming future. Many companies in the Americas and Europe are likely to outsource their production activities to the Asia Pacific. The region is projected to witness quick urbanization and industrialization in the years to come, particularly in countries such as India, China, South Korea, Australia, Singapore, Taiwan, and Japan. All these factors are expected to propel the development prospects for the global package boilers market in the coming future.
Global Package Boilers Market: Competitive Players
Some of the most important market players in the global package boilers market are
- Parker Boiler Company
- Miura
- Babcock & Wilcox Enterprises
- Williams & Davis Boilers
- IHI Corporation
- English Boiler and Tube
- Rentec Boilers Systems
- Johnston Boiler Company
- York-Shipley Global
- Kawasaki Thermal Engineering
- Aerco International
- Microtech Boilers Private Limited
- Fulton
- Forbes Marshall Private Limited
- Hurst Boiler & Welding Company
- Amec Foster Wheeler Plc.
- John Thompson
- Aalborg Engineering A/S
- Cleaver-Brooks
- Mackenzie Industries
- Mitsubishi Hitachi Power Systems
- Superior Boiler Works
- Thermax Limited
- Calderas Powermaster
- Vapor Power International
The global package boilers market is segmented as follows:
By Type
- Electric Boilers
- Water-Tube Package Boilers
- Fire-Tube Package Boilers
- Others
By Design
- D
- A
- O-type
By Fuel
- Biomass
- Gas
- Oil
- Others
By End-User Industry
- Paper & Pulp
- Chemical
- Oil & Gas
- Food & Beverage
- Others
Global Package Boilers Market: Regional Segment Analysis
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of The Middle East & Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Package boilers are compact, factory-assembled steam or hot water generating systems that are intended for effortless installation and transportation. In contrast to conventional boilers, which can be constructed on-site, package boilers are delivered pre-assembled as a complete system and are immediately operational upon installation.
The demand for package boilers is being driven by the growing demand for reliable steam and hot water solutions in industries such as food and beverage, chemical, paper, and textile manufacturing.
According to a report from Zion Market Research, the global Package Boilers Market was valued at USD 9.44 Billion in 2023 and is projected to hit USD 14.55 Billion by 2032.
According to a report from Zion Market Research, the global Package Boilers Market a compound annual growth rate (CAGR) of 4.92% during the forecast period 2024-2032.
In terms of region, Asia Pacific is likely to be the major contributor to the global package boilers market in the coming future. Many companies in the Americas and Europe are likely to outsource their production activities to the Asia Pacific. The region is projected to witness quick urbanization and industrialization in the years to come, particularly in countries such as India, China, South Korea, Australia, Singapore, Taiwan, and Japan. All these factors are expected to propel the development prospects for the global package boilers market in the coming future.
Some of the most important market players in the global package boilers market are Parker Boiler Company, Miura, Babcock & Wilcox Enterprises, Williams & Davis Boilers, IHI Corporation, English Boiler and Tube, Rentec Boilers Systems, Johnston Boiler Company, York-Shipley Global, Kawasaki Thermal Engineering, Aerco International, Microtech Boilers Private Limited, Fulton, Forbes Marshall Private Limited, Hurst Boiler & Welding Company, Amec Foster Wheeler Plc., John Thompson, Aalborg Engineering A/S, Cleaver-Brooks, Mackenzie Industries, Mitsubishi Hitachi Power Systems, Superior Boiler Works, Thermax Limited, Calderas Powermaster, and Vapor Power International, among others.
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