Steam Boiler System Market Size, Share, Opportunities And Trends By Product Type (Fire-tube Boiler, Water Tube Boiler), By Fuel Type (Coal, Oil, Biomass, Others), By End Users (Oil And Gas Industry, Chemical Industry, Power Generation, Others) And Geography - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061611971 | Pages:  116

The steam boiler systems market is estimated to witness a CAGR of 4.85% to reach US$16.116 billion in 2024 from US$12.129 billion in 2018. A steam boiler system is an economical way to create and move steam around a facility. The boiler creates steam by applying heat energy to water which is then used for generating power in steam engines or steam turbines, in process industries for various processes, for heating the buildings in cold weather and to produce hot water for hot water supply. There are two main types of steam boilers, fire tube, and water tube boilers. These systems are being used in Oil & Gas, Power, Chemical and Food processing industries and in residential areas as well. The boilers can be coal-fired, oil fired or biomass-fired and each of them is designed differently. Coal is one of the major fuels used due to its easy availability and low cost. The Asia Pacific region holds a significant market share due to industrial growth in countries like India and China.

Rapid urbanization and expansion of manufacturing industries increase the demand for electricity which is considered as the driving factor for the growth of the steam boiler systems market. New power plants are being constructed and the power generation capacity of existing ones are being increased. Increasing adoption of steam boilers in the commercial and residential sector also anticipate the growth of steam boilers market in the forecast period. High initial and maintenance cost of steam boilers is considered as the restraining factor for the growth of the market

• Rapid urbanization and expansion of manufacturing industries
• Increased usage of steam boilers in commercial and residential areas

• High initial and maintenance costs


The steam boiler system market has been analyzed through the following segments:

• By Product Type
o Fire tube boiler
o Water tube boiler

• By Fuel Type
o Coal
o Oil
o Biomass
o Others

• By End Users
o Oil and Gas Industry
o Chemical industry
o Power Generation
o Others

• By Geography
o North America
? Canada
? Mexico

• South America
o Brazil
o Argentina
o Others

• Europe
o Germany
o France
o United Kingdom
o Spain
o Others

• Middle East and Africa
o Saudi Arabia
o Israel
o Others

• Asia Pacific
o China
o Japan
o South Korea
o India
o Others