Press Release

Steam Boilers to Dominate India Process Boiler and Heating Equipment through 2025

Growth in end-user industries such as textiles, food processing and agro-based industries coupled with government policies and initiatives to boost demand for process boilers and heating equipment in India through 2025

According to a recently published TechSci Research report, India Process Boiler and Heating Equipment Market By Type, By Compliance, By Fuel Type, By Region, Competition, Forecast & Opportunities, 2025’’ India process boiler and heating equipment is expected to grow at a CAGR of around 6% during forecast period to cross $ 194 million by 2025. The growth of the market is driven by the strong growth in process industries such as textile and agro-based industries which require steam and hot water for various applications. Moreover, government policies such as National Manufacturing Policy (NMP) and Make in India Initiative through which the government is incentivising the local manufacturing units are further anticipated to drive demand for process boilers and heating equipment across the country.

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Among types, steam boilers accounted for the largest market share in India process boiler and heating equipment market in 2019 and is likely to maintain its dominance throughout the forecast period as well, on account of increasing application of heat generating equipment in the process industries. Some of the major companies operating in India process boiler and heating equipment market include Thermax Limited, Cheema Boilers Limited, Forbes Marshall, Industrial Boilers Limited, Thermodyne Engineering Systems, Energypack Boilers Pvt. Ltd., Shanti Boilers & Pressure Vessels Pvt. Ltd, Thermotech Systems Ltd., Heatex Boilers (India) Pvt. Ltd., and Isotex Corporation Pvt. Ltd., among others.

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“The rigorous attempt of the Indian government to expedite the development of local manufacturing industries in the country through various policies and initiatives such as the National Manufacturing Policy, Make-In-India and setting up of Special Economic Zones (SEZs) would spur the demand for steam boilers and process heating equipment in the process industries such as textile manufacturing, food & beverages and paper and pulp industry in the country. Moreover, increasing foreign direct investments and promotion of small-scale industries would create a competitive space for the smaller players which is likely to promote the growth in process boilers and heating equipment market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Process Boiler and Heating Equipment Market By Type, By Compliance, By Fuel Type, By Region, Competition, Forecast & Opportunities, 2025’’ has evaluated the future growth potential of India process boiler and heating equipment market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India process boiler and heating equipment market.


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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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