Market Overview
Global Package boilers market was valued at USD 8,921.40 million in 2022 and is estimated to reach a value of USD 13,906.59 million by 2033 with a CAGR of 4.7% during the forecast period 2023-2033.

In terms of volume, global package boilers recorded a consumption of 130,771 units in 2022 and this volume is estimated to reach 217,762 units by 2033.

Report Scope

Report Attributes	Description
Market Size in 2022 (Value)	USD 8,921.40 million
Market Forecast in 2033 (Value)	USD 13,906.59 million
CAGR % 2023-2031	4.7%
Market Size in 2022 (Volume)	130,771 units
Market Forecast in 2033 (Volume)	217,762 units
CAGR % 2023-2031	5.3%
Base Year	2022
Historic Data	2019-2021
Forecast Period	2023-2033
Report USP	Production, Consumption, company share, company heatmap, company production capacity, growth factors and more
Segments Covered	Type and Application
Regional Scope	North America, Europe, APAC, South America and Middle East and Africa
Country Scope	U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
Key Companies	Babcock & Wilcox Enterprises Inc., Thermax Global, Fulton Boiler Works Inc., Miura America Co. Ltd., Hurst Boiler & Welding Co. Inc., Cleaver-Brooks Inc., Johnston Boiler Co., Superior Boiler Works Inc., Clayton Industries Inc., Rentech Boiler Systems Inc., York-Shipley Global, Vapor Power International LLC, AC Boilers S.p.A., Forbes Marshall Pvt. Ltd., IHI Corporation, Hoval Ltd., Alfa Laval AB, Indeck Power Equipment Co., ZBG Boiler, Mitsubishi Heavy Industries Ltd., Aalborg Industries A/S, Cochran Ltd., Sussman Electric Boilers, Mi Energy S.p.A., Hamworthy Heating Ltd., Groupe Atlantic, GIANTECH Engineering Pte. Ltd., Viessmann Werke GmbH & Co. KG, Erensan Isı Tekniği San. ve Tic. A.Ş,

Growing industrialization and urbanization are driving the packaged boilers market growth in several ways. Firstly, as more cities and towns develop, the demand for energy and heat increases, especially in sectors like manufacturing, construction, and healthcare. Packaged boilers are widely used in these industries to provide heat and power, making them an essential component in urban development. Secondly, industrialization and urbanization have led to the expansion of various industries that rely on packaged boilers, such as food processing, chemical, and pharmaceutical industries. The increasing demand for processed food, medicines, and other products has led to the expansion of these industries, which in turn drives the demand for packaged boilers.
Lastly, the increasing awareness about the environmental impact of industrial activities has also contributed to the growth of the packaged boilers market. Packaged boilers are designed to reduce emissions and increase energy efficiency, making them an attractive option for industries looking to reduce their carbon footprint. For example, in India, the government's focus on developing smart cities and improving infrastructure has led to increased demand for packaged boilers in the construction and manufacturing sectors. In the United States, the growth of the food processing and chemical industries has led to an increase in demand for packaged boilers to meet the rising energy needs of these industries. Similarly, in China, the government's push towards reducing greenhouse gas emissions has led to the adoption of energy-efficient packaged boilers in various industries. 

The oil and gas industry is one of the major end-users of packaged boilers, and the increasing investments in this industry are driving the demand for these boilers. For example, in the Middle East, the growing investments in the oil and gas industry, along with the increasing demand for electricity, are driving the growth of the packaged boilers market in the region. Growing investments in the oil and gas industry are supporting the growth of the packaged boilers market as they are used extensively in this industry for various processes such as refining, extraction, and distillation.
Packaged boilers provide a reliable and efficient source of heat for these processes, which require high temperatures and pressure. With the increase in demand for oil and gas, the investments in this industry are also growing, which is driving the demand for packaged boilers. For example, in the Middle East, the oil and gas industry is one of the largest and most important sectors, and packaged boilers are widely used in this industry. Recently, there has been a surge in investments in this industry, particularly in countries such as Saudi Arabia, Qatar, and the United Arab Emirates, which is driving the growth of the packaged boilers market in the region. Similarly, in the United States, the shale gas boom has led to a significant increase in investments in the oil and gas industry, which is driving the demand for packaged boilers in the country.

Production Data by Countries (Units)

Countries	2019	2020	2021	2022	2023	2024	2025
U.S.	25,686	24,985	25,885	26,836	27,895	29,129	30,350
Germany	6,859	6,708	6,988	7,285	7,614	7,995	8,376
France	4,463	4,380	4,579	4,791	5,025	5,295	5,567
U.K.	3,372	3,327	3,496	3,676	3,875	4,103	4,335

Source: We Market Research

Segmental Analysis
Based on type, fire tube packaged boilers dominated the market with around 58% in 2022 and is estimated to achieve a CAGR of 4.4% during the forecast period. Fire-tube package boilers are a type of steam boiler in which hot gases from the combustion process pass through tubes running through a sealed container of water. These boilers are designed to provide efficient combustion and high thermal efficiency by maximizing the heat transfer area between the hot gases and the water.

Some common features of fire-tube package boilers include:
• Compact Design: Fire-tube package boilers are compact in size and can be easily installed in small spaces.
• High Efficiency: These boilers are designed to provide high thermal efficiency by maximizing the heat transfer area between the hot gases and the water.
• Low Maintenance: Fire-tube package boilers require minimal maintenance due to their simple design.
• Durability: Fire-tube package boilers are built with durable materials and are designed to withstand high temperatures and pressures.
• Versatility: These boilers are used in a variety of industrial applications, including power generation, manufacturing, and food processing.
• Safety: Fire-tube package boilers are equipped with safety features such as automatic shutdown systems to prevent accidents and protect the equipment.
There is a demand for fire-tube package boilers because of their various advantages such as compact size, easy installation, and low initial cost. Fire-tube package boilers are commonly used in industrial and commercial settings for heating applications such as steam generation and space heating. They are also popular in mobile applications, such as in the marine industry and for temporary heating at construction sites. Additionally, fire-tube package boilers are known for their durability and efficiency, making them a cost-effective option for many businesses. Overall, the demand for fire-tube package boilers is driven by their reliability, ease of use, and cost-effectiveness.

Based on application, food and beverage dominated the market with an active share of 32.6% in 2022 and anticipated to achieve a fastest growth rate with a CAGR of 5.2% during the forecast period. Boilers play a critical role in food processing by heating, sterilizing, and pasteurizing food and beverages. They are also vital in producing steam, which is necessary for cooking, drying, and other food processing activities. Boilers are typically large structures equipped with a stack that generates hot water vapor using steam boilers. The furnace, burner, combustion chamber, and control system are some of the components of a boiler. The furnace is responsible for fuel combustion and steam creation. The burner ignites fuel and controls air and gas flow. The combustion chamber burns the fuel effectively, and the control system governs the furnace and burner operation while monitoring steam temperature and pressure.
Steam boilers are used for cooking, drying, and sterilizing food and beverages. The furnace combusts fuel to generate steam, which is piped through a stack and used in food processing facilities. Steam also produces hot water vapor used for sanitizing surfaces, equipment, and utensils. Boilers are essential in the food processing industry, generating steam necessary for food product processing, packaging, and storage. They also heat liquids and produce hot air for drying and cooling food products. Additionally, boilers create steam generators that power machinery used in food processing.

Regional Estimates and Analysis
Asia Pacific dominated the global package boiler market with a market value of USD 3,465 million in 2022 and volume of 56,219 units in 2022. The Asia Pacific region has been witnessing a strong demand for industrial boilers in recent years, driven by the rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations. One of the key factors driving the demand for industrial boilers in the region is the increasing need for energy-efficient and eco-friendly technologies to meet the growing energy demand. The rising concerns over greenhouse gas emissions and climate change have also led to the adoption of cleaner energy sources, such as natural gas and biomass, which has further boosted the demand for industrial boilers in the region.
Another trend that is driving the demand for industrial boilers in the Asia Pacific region is the increasing adoption of advanced technologies, such as automation, IoT, and artificial intelligence, to enhance the efficiency and performance of industrial boilers. The integration of these technologies allows for real-time monitoring and control of the boilers, reducing downtime and maintenance costs. Additionally, the increasing use of renewable energy sources, such as solar and wind power, has also boosted the demand for industrial boilers, as they can be used as backup power sources.

In Japan, there is a growing demand for industrial packaged boilers due to the country's high reliance on imports for energy resources. The government's focus on energy security and efficiency has also led to an increase in the use of boilers with high thermal efficiency and low emissions. One trend in the Japanese market is the shift towards biomass boilers, as the government is promoting the use of renewable energy sources. Another trend is the use of small-sized packaged boilers for residential and small-scale industrial applications. In addition, the market is witnessing a trend towards digitization and automation of boiler systems, with the integration of sensors and IoT technology to monitor and optimize boiler performance. Overall, the industrial packaged boiler market in Japan is expected to grow due to the country's energy policies, technological advancements, and increasing demand for energy-efficient and environmentally-friendly boiler systems.

India is one of the largest markets for industrial packaged boilers in the world. The demand for industrial packaged boilers in India is driven by various industries such as food processing, textile, paper, chemical, and pharmaceutical industries. The rise in demand for packaged boilers in India can be attributed to the increasing focus on energy efficiency and the government's initiative to promote cleaner energy. One of the major trends in the Indian industrial packaged boiler market is the growing adoption of biomass-fired boilers, which are more environment-friendly and cost-effective. Biomass boilers are being used in various industries, such as pulp and paper, sugar, and textile, to generate steam and reduce their carbon footprint. The government's support for biomass energy and the availability of biomass fuel in the country are also driving the adoption of biomass-fired boilers. Another trend in the Indian industrial packaged boiler market is the increasing use of natural gas-fired boilers. Natural gas is a cleaner fuel and is more cost-effective than other fossil fuels. The government's initiative to promote the use of natural gas and the availability of natural gas infrastructure in the country are driving the adoption of natural gas-fired boilers.

Competitive Landscape
Babcock & Wilcox Enterprises Inc., Cleaver-Brooks Inc., Clayton Industries Inc., AC Boilers S.p.A. and Hoval Ltd dominated the market with a total share of 31.17% in 2022. In 2022, Babcock & Wilcox (B&W)’s Thermal and Environmental business segments have been awarded a contract for more than USD 24 million to supply two industrial package boilers, auxiliary equipment and advanced emissions control technologies for a petroleum refinery in North America. The company’s industrial package boilers and emissions control solutions provide customers with flexible options and features to meet the unique demands and challenges of the petroleum refining business. B&W Thermal is set to design and supply two package boilers, burners, economizers and other equipment for the project. The company also will supply two select catalytic reduction (SCR) systems to control nitrogen oxide (NOx) emissions.

B&W Thermal has supplied more than 5,000 water-tube package and industrial boilers across the globe and is trusted for reliability and proven performance. The company’s industrial package boilers offer reliable power with low emissions, low auxiliary power requirements, simple operation, low maintenance and can be tailored for a variety of fuel options, including natural gas.

In, 2022, Babcock & Wilcox (B&W)’s Renewable segment has been awarded a contract for more than USD 11 million to design, manufacture, supply, and install boiler equipment for a biomass boiler in Canada. B&W Renewable will replace pressure parts for the boiler and upgrade the design of its wood feed and air systems. Babcock & Wilcox Canada Corp. will provide the installation services. The company aims to meeting energy and environmental goals, maximizing efficiency, and ensuring customers’ equipment continues to operate reliably presents complex challenges, and is utilizing its vast knowledge and decades of industry experience to meet the customer requirements.

Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders.

The companies are analyzed in terms of following factors such as:
 Business Model
 Production Capacity, Revenue, Sales, Gross Margin
 Key Business Strategy
 SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
 Company Share Analysis from 2018-2022
 Company Analysis by Revenue and Sales
 Company Production Capacity, Gross Margin
 Company Share Analysis by Application/End Use
 Company Share Analysis by Product/Specification

By Type
• Fire-tube Package Boilers
• Water-tube Package Boilers
• Electric Boilers

By Application
• Food & Beverage
• Oil & Gas
• Chemical
• Paper & Pulp
• Others

Companies
• Babcock & Wilcox Enterprises Inc.
• Thermax Global
• Fulton Boiler Works Inc.
• Miura America Co. Ltd.
• Hurst Boiler & Welding Co. Inc.
• Cleaver-Brooks Inc.
• Johnston Boiler Co.
• Superior Boiler Works Inc.
• Clayton Industries Inc.
• Rentech Boiler Systems Inc.
• York-Shipley Global
• Vapor Power International LLC
• AC Boilers S.p.A.
• Forbes Marshall Pvt. Ltd.
• IHI Corporation
• Hoval Ltd.
• Alfa Laval AB
• Indeck Power Equipment Co.
• ZBG Boiler
• Mitsubishi Heavy Industries Ltd.
• Aalborg Industries A/S
• Cochran Ltd.
• Sussman Electric Boilers
• Mi Energy S.p.A.
• Hamworthy Heating Ltd.
• Groupe Atlantic
• GIANTECH Engineering Pte. Ltd.
• Viessmann Werke GmbH & Co. KG
• Erensan Isı Tekniği San. ve Tic. A.Ş

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
o ASEAN
o Rest of APAC
• South America
o Brazil
o Argentina
o Chile
o Rest of South America
• Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA