Global Package Boilers Market Size, Share, Trends, Growth 2032

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.

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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.

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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

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