Global Industrial boiler market has witness substantial growth in terms of high efficiency. Industrial boiler market was over  USD 1 billion last year. Nearly 25 percent of global boiler uses natural gas as fuel so it also helps to reduce carbon foot prints. In some region such as Asia pacific and Africa will boost the demand of coal fired heating units.  These types of boiler systems are primarily installed across chemical plants in combination with biomass boilers. Its wide-ranging applications across cement and refinery plants will further stimulate the product demand.

Global industrial boiler market is most competitive. End-user industries like chemicals, pharmaceuticals, energy and other manufacturing units consider safety, cost competitiveness, ease of operation, reliability and customised manner.

Factors such as increasing demand for clean energy sources, increasing number of natural gas based power plants, and government initiatives to promote clean energy and reduce dependency on fossil fuels are key factors expected to boost the growth of the industrial boilers market.

Asia-Pacific accounted for the largest share of the Industrial Boilers Market in 2026, followed by Europe and North America. China is one of the major consumers of industrial boilers in Asia-Pacific. The region has witnessed increasing investments on research & development activities on advanced industrial boilers from global players.

Indian boiler market to see double digit growth over the next five years. The predicted growth is driven by increasing installation in diverse, end user industries including power, oil and gas, pharmaceutical, food and beverage processing, textile and the paper industry. India is presently facing tough competition from China in power boiler.

The key growth driving factors are higher demand in energy/power and utility sectors, foreign investment, technology advancement, favourable government policy etc.