The global boilers market is valued at USD 61.14 billion in 2024, driven by strong demand across power generation boilers, industrial boilers, oil & gas boilers, chemical industry boilers, and food processing boilers. Asia Pacific dominates with over 45% market share, fueled by China’s large industrial base and India’s accelerating energy transition projects. Developed regions such as North America and Europe maintain premium pricing due to high-efficiency boilers, emission control technologies, and regulatory compliance with frameworks like the U.S. EPA Clean Air Act and EU Ecodesign Directive. Market growth is supported by industrial expansion, urbanization-driven heating demand, and replacement of aging fossil fuel systems, while supply faces challenges from volatile steel prices, fuel efficiency targets, and the shift to low-carbon and renewable energy boilers. According to the IEA, industrial boilers consume nearly 20% of global final energy, underscoring their critical role in industrial energy efficiency and operational performance.
Boilers overview
Published by MMR Statistics Research Team, Updated