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Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region- Global Forecast to 2023

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Date: 14-Aug-2018
No. of pages: 139
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“The steam boiler system market is projected to grow at a CAGR of 4.13%, from 2018 to 2023.”

The steam boiler system market is projected to reach USD 21.63 billion by 2023, from an estimated USD 17.66 billion in 2018, at a CAGR of 4.13%. This growth can be attributed to the increase in industrialization and urbanization from the developing countries. Furthermore, capacity additions in conventional power generation to meet the rise in power demand are likely to drive the steam boiler system market. Focus on renewable energy sources for power generation could act as a restraint for this market.

“The process industry is expected to largest market for steam boiler system from 2018 to 2023.”

The process industry is estimated to be the largest market during the forecast period. Asia Pacific is the fastest growing region for the process industry owing to the rise in disposable income and various initiatives led by the government to improve the food processing sector. These factors are likely to drive the steam boiler system market for the Asia Pacific region. For instance, the Government of India plans to improve the food processing sector by leveraging reforms such as 100% foreign direct investment (FDI) in the marketing of food products and various incentives at the central and state government levels along with a strong focus on the supply chain infrastructure.

“Asia Pacific: The fastest growing market for Steam Boiler System.”

The Asia Pacific is expected to be the largest market for steam boiler system in 2023 and is projected to grow at the highest CAGR during the forecast period. The region has been segmented into China, Japan, India, Australia, South Korea, and the rest of Asia Pacific. Power generation sector is the largest market in the Asia Pacific for the steam boiler system market. According to the International Energy Agency (IEA), the global demand for energy will grow by approximately 60% by 2030. Increased primary energy consumption and governments providing monetary incentives have paved the way for several private players to set up power generation plants to cater to the domestic electricity demand. All these factors are likely to contribute towards the growth of the steam boiler system market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 60%, Tier 2- 27%, and Tier 3- 13%

  • By Designation: C-Level- 35%, Directors Level- 25%, and Others- 40%

  • By Region: Asia Pacific-30%, North America-27%, Europe-10%, Middle East & Africa-25%, and South America-8%


Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are definedon the basis of their total revenues as of 2017. Tier 1:>USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3:< USD 500 million

The leading players in the steam boiler system market include Bosch (Germany), GE (US), Alfa Laval (Sweden), Thermax (India), Cochran (UK), Viessmann (Germany), and Doosan (South Korea).

Research Coverage:

The report defines, describes, and forecasts the global steam boiler system market by component, type, fuel, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the steam boiler system market.

Why Buy this Report?


  • The report identifies and addresses key markets for steam boiler system, which would help manufacturers review the growth in demand.

  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region- Global Forecast to 2023

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Steam Boiler System Market
    4.2 Steam Boiler System Market, By Country
    4.3 Asia Pacific Steam Boiler System Market, By End-User & Country
    4.4 Steam Boiler System Market, By Component
    4.5 Steam Boiler System Market, By Type
    4.6 Steam Boiler System Market, By Fuel

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rapid Increase in the Demand for Electricity
                    5.2.1.2 Increase in Power Plant Capacity Addition
           5.2.2 Restraints
                    5.2.2.1 Focus on Renewable Energy Sources for Power Generation
                    5.2.2.2 High Installation Cost
           5.2.3 Opportunities
                    5.2.3.1 Rise in the Demand for Compact Design of the Steam Boiler
                    5.2.3.2 Aging Power Generation Infrastructure
           5.2.4 Challenges
                    5.2.4.1 Strict Emission Standards
                    5.2.4.2 Boiler Efficiency and Steam Quality

6 Steam Boiler System Market, By Component (Page No. - 41)
    6.1 Introduction
    6.2 Boiler
    6.3 Economizer
    6.4 Superheater
    6.5 Air Preheater
    6.6 Feed Pump

7 Steam Boiler Systems Market, By Type (Page No. - 47)
    7.1 Introduction
    7.2 Water-Tube Boiler
    7.3 Fire-Tube Boiler

8 Steam Boiler Systems Market, By Fuel (Page No. - 51)
    8.1 Introduction
    8.2 Coal-Fired Steam Boiler
    8.3 Gas-Fired Steam Boiler
    8.4 Oil-Fired Steam Boiler
    8.5 Biomass-Fired Steam Boiler
    8.6 Electric Steam Boiler

9 Steam Boiler System Market, By End-User (Page No. - 57)
    9.1 Introduction
    9.2 Power Generation
    9.3 Oil & Gas
    9.4 Chemical
    9.5 Process Industry
    9.6 Primary Metal

10 Steam Boiler System Market, By Region (Page No. - 63)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 By Component
             10.2.2 By Type
             10.2.3 By Fuel
             10.2.4 By End-User
             10.2.5 By Country
                        10.2.5.1 China
                        10.2.5.2 India
                        10.2.5.3 Japan
                        10.2.5.4 Australia
                        10.2.5.5 South Korea
                        10.2.5.6 Rest of Asia Pacific
     10.3 North America
             10.3.1 By Component
             10.3.2 By Type
             10.3.3 By Fuel
             10.3.4 By End-User
             10.3.5 By Country
                        10.3.5.1 US
                        10.3.5.2 Canada
                        10.3.5.3 Mexico
     10.4 Europe
             10.4.1 By Component
             10.4.2 By Type
             10.4.3 By Fuel
             10.4.4 By End-User
             10.4.5 By Country
                        10.4.5.1 UK
                        10.4.5.2 Germany
                        10.4.5.3 France
                        10.4.5.4 Italy
                        10.4.5.5 Russia
                        10.4.5.6 Rest of Europe
     10.5 Middle East & Africa
             10.5.1 By Component
             10.5.2 By Type
             10.5.3 By Fuel
             10.5.4 By End-User
             10.5.5 By Country
                        10.5.5.1 Saudi Arabia
                        10.5.5.2 UAE
                        10.5.5.3 South Africa
                        10.5.5.4 Iran
                        10.5.5.5 Rest of Middle East & Africa
     10.6 South America
             10.6.1 By Component
             10.6.2 By Type
             10.6.3 By Fuel
             10.6.4 By End-User
             10.6.5 By Country
                        10.6.5.1 Brazil
                        10.6.5.2 Argentina
                        10.6.5.3 Rest of South America

11 Competitive Landscape (Page No. - 99)
     11.1 Overview
     11.2 Ranking of Players and Industry Concentration, 2017
     11.3 Competitive Scenario
             11.3.1 Contracts & Agreements, 2015–2018
             11.3.2 New Product Developments, 2015–2018
             11.3.3 Investments & Expansions, 2015–2018
             11.3.4 Mergers & Acquisitions, 2015–2018

12 Company Profiles (Page No. - 103)
     12.1 Benchmarking
(Business Overview, Products Offered, Recent Developments, and MnM View)*
     12.2 Alfa Laval
     12.3 Bosch
     12.4 GE
     12.5 Thermax
     12.6 Byworth Boilers
     12.7 Cleaver-Brooks
     12.8 Cochran
     12.9 Doosan Heavy Industries & Construction
     12.10 Devotion Machineries
     12.11 Forbes Marshall
     12.12 Fulton
     12.13 Parker Boiler
     12.14 Rentech Boilers
     12.15 Thermodyne Engineering System
     12.16 Viessmann
     12.17 Zhengzhou Boiler (Group) Co., Ltd.
     12.18 Other Key Players in the Steam Boiler System Market
             12.18.1 Bhel
             12.18.2 Hurst Boilers
             12.18.3 AMEC Foster Wheeler
             12.18.4 Siemens
             12.18.5 Vapor Power International
             12.18.6 Mitsubishi

*Details on Business Overview, Products Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 132)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (73 Tables)

Table 1 Steam Boiler System Market Snapshot
Table 2 World Industrial Sector Delivered Energy Consumption, By Region and Energy Source, 2012-2040 (Quadrillion Btu)
Table 3 Steam Boiler System Market Size, By Component, 2016–2023 (USD Billion)
Table 4 Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 5 Economizer: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 6 Superheater: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 7 Air Pre-Heater: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 8 Feed Pump: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 9 Steam Boiler System Size, By Type, 2016–2023 (USD Billion)
Table 10 Water-Tube Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 11 Fire-Tube Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 12 Steam Boiler System Market Size, By Fuel, 2016–2023 (USD Billion)
Table 13 Coal-Fired Steam Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 14 Gas-Fired Steam Boilers: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 15 Oil-Fired Steam Boilers: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 16 Biomass-Fired Steam Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 17 Electric Steam Boiler: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 18 Steam Boiler System Market Size, By End-User, 2016–2023 (USD Billion)
Table 19 Power Generation: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 20 Oil & Gas: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 21 Chemical: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 22 Process Industry: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 23 Primary Metal: Steam Boiler System Market Size, By Region, 2016–2023 (USD Million)
Table 24 Steam Boiler System Market, By Region, 2016–2023 (USD Billion)
Table 25 Asia Pacific: Steam Boiler System Market Size, By Component, 2016–2023 (USD Million)
Table 26 Asia Pacific: Steam Boiler System Market Size, By Type, 2016–2023 (USD Million)
Table 27 Asia Pacific: Steam Boiler System Market Size, By Fuel, 2016–2023 (USD Million)
Table 28 Asia Pacific: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 29 Asia Pacific: Steam Boiler System Market Size, By Country, 2016–2023 (USD Million)
Table 30 China: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 31 India: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 32 Japan: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 33 Australia: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 34 South Korea: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 35 Rest of Asia Pacific: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 36 North America: Steam Boiler System Market Size, By Component, 2016–2023 (USD Million)
Table 37 North America: Steam Boiler System Market Size, By Type, 2016–2023 (USD Million)
Table 38 North America: Steam Boiler System Market, By Fuel, 2016–2023 (USD Million)
Table 39 North America: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 40 North America: Steam Boiler System Market Size, By Country, 2016–2023 (USD Million)
Table 41 US: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 42 Canada: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 43 Mexico: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 44 Europe: Steam Boiler System Market Size, By Component, 2016–2023 (USD Million)
Table 45 Europe: Steam Boiler System Market Size, By Type, 2016–2023 (USD Million)
Table 46 Europe: Steam Boiler System Market, By Fuel, 2016–2023 (USD Million)
Table 47 Europe: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 48 Europe: Steam Boiler System Market Size, By Country, 2016–2023 (USD Million)
Table 49 UK: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 50 Germany: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 51 France: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 52 Italy: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 53 Russia: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 54 Rest of Europe: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 55 Middle East & Africa: Steam Boiler System Market Size, By Component, 2016–2023 (USD Million)
Table 56 Middle East & Africa: Steam Boiler System Market Size, By Type, 2016–2023 (USD Million)
Table 57 Middle East & Africa: Steam Boiler System Market, By Fuel, 2016–2023 (USD Million)
Table 58 Middle East & Africa: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 59 Middle East & Africa: Steam Boiler System Market Size, By Country, 2016–2023 (USD Million)
Table 60 Saudi Arabia: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 61 UAE: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 62 South Africa: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 63 Iran: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 64 Rest of Middle East & Africa: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 65 South America: Steam Boiler System Market Size, By Component, 2016–2023 (USD Million)
Table 66 South America: Steam Boiler System Market Size, By Type, 2016–2023 (USD Million)
Table 67 South America: Steam Boiler System Market, By Fuel, 2016–2023 (USD Million)
Table 68 South America: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 69 South America: Steam Boiler System Market Size, By Country, 2016–2023 (USD Million)
Table 70 Brazil: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 71 Argentina: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 72 Rest of South America: Steam Boiler System Market Size, By End-User, 2016–2023 (USD Million)
Table 73 Thermax Was the Most Active Player in the Market Between 2015 and 2018


List of Figures (33 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Boiler Segment, By Component, is Expected to Grow at the Highest CAGR During the Forecast Period, 2018–2023
Figure 8 Water-Tube Boiler Segment is Estimated to Lead the Steam Boiler System Market
Figure 9 Oil-Fired Steam Boiler Segment is Estimated to Lead the Steam Boiler System Market
Figure 10 Process Industry is Estimated to Be the Largest End-User for the Steam Boiler System Market
Figure 11 Asia Pacific to Lead the Steam Boiler System Market
Figure 12 Increase in Demand for Electricity is Driving the Steam Boiler System Market, From 2018 to 2023
Figure 13 The Market in China is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Process Industry and China Dominated the Steam Boiler System Market in Asia Pacific in 2017
Figure 15 Boiler Segment is Expected to Dominate the Steam Boiler System Market, By Component, During the Forecast Period
Figure 16 Water-Tube Boiler Segment is Estimated to Dominate the Steam Boiler System Market, By Type, During the Forecast Period
Figure 17 Oil-Fired Steam Boiler Segment is Estimated to Dominate the Steam Boiler System Market, By Fuel, During the Forecast Period
Figure 18 Market Dynamics for the Steam Boiler System Market
Figure 19 Investment in Renewable Energy, By Country, 2015 (USD Billion)
Figure 20 Boiler Segment is Expected to Hold the Largest Market (By Value), By 2023
Figure 21 Water-Tube Boiler Segment is Expected to Hold the Largest Market Share By 2023
Figure 22 Oil-Fired Steam Boiler Segment Holds the Largest Market (By Value), 2018–2023
Figure 23 Process Industry is Expected to Hold the Largest Market Share By 2023
Figure 24 Regional Snapshot: the Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Steam Boiler System Market Share (Value), By Region, 2017
Figure 26 Asia Pacific: Market Snapshot
Figure 27 North America: Market Snapshot
Figure 28 Key Developments in the Steam Boiler System Market, 2015–2018
Figure 29 Bosch Led the Steam Boiler System Market in 2017
Figure 30 Alfa Laval: Company Snapshot
Figure 31 Bosch: Company Snapshot
Figure 32 GE: Company Snapshot
Figure 33 Thermax: Company Snapshot

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