Steam Boiler System Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Boiler Type (Fire Tube Boiler, Water Tube Boiler, Electric Boiler), By Component (Boiler, Economizer, Superheater, Air Preheater, Feed Pump, Steam Drum), By End-Use Industry (Power Generation, Oil & Gas, Chemical, Food & Beverage, Pulp & Paper, Textile, Healthcare, Others), By Region & Competition, 2020-2030F

Market Overview

Global Steam Boiler System Market was valued at USD 21.98 Billion in 2024 and is expected to reach USD 29.03 Billion by 2030 with a CAGR of 4.59% during the forecast period. 

The Steam Boiler System market refers to the global industry centered around the production, installation, and maintenance of systems that generate steam for various applications. These systems typically include components like boilers, superheaters, economizers, air preheaters, and feedwater pumps. Steam boilers are essential for converting water into high-pressure steam, which is used for heating, power generation, and mechanical work in numerous industrial processes.

Industries such as power generation, oil and gas, food and beverage, chemical, textile, pulp and paper, and pharmaceuticals heavily depend on steam boiler systems for day-to-day operations. These systems play a critical role in driving turbines for electricity production, sterilization in healthcare facilities, cooking and sanitation in food processing units, and drying and heating in textiles and paper manufacturing.

The market for steam boiler systems is projected to grow steadily in the coming years due to several key drivers. First, the expanding industrial base in emerging economies is creating a significant demand for efficient and reliable steam generation systems. Countries in Asia-Pacific, particularly India and China, are seeing a surge in investments in manufacturing and power infrastructure, contributing to the market’s growth.

Environmental regulations and energy efficiency mandates are pushing industries to upgrade to more energy-efficient and low-emission boiler systems. This shift toward cleaner technology is encouraging the adoption of electric and biomass-fired boilers, which are gaining popularity as sustainable alternatives to traditional coal-fired systems.

The increasing demand for electricity and process heat in both industrial and commercial settings is propelling the deployment of high-capacity steam boiler systems. With growing awareness around energy optimization, end-users are also adopting advanced automation and control systems that enhance the performance and safety of boilers, further fueling market growth.

In conclusion, the Steam Boiler System market is expected to rise due to a confluence of industrial expansion, technological advancements, and environmental compliance requirements. As industries modernize their operations and seek to improve energy efficiency, the demand for high-performance steam boiler systems will continue to climb globally, especially in fast-growing economies.

Key Market Drivers

Escalating Industrialization and Urbanization in Emerging Economies

The Steam Boiler System Market is experiencing robust growth driven by the rapid pace of industrialization and urbanization in emerging economies, particularly in regions such as Asia-Pacific, Latin America, and parts of Africa. Countries like China, India, and Brazil are witnessing unprecedented industrial expansion, fueled by government initiatives to boost manufacturing, infrastructure development, and foreign direct investment.

These economies rely heavily on steam boiler systems to power critical industries, including power generation, chemicals, food processing, textiles, and pharmaceuticals, where steam is essential for processes like heating, sterilization, and electricity production. The surge in urban populations has amplified energy demand, with cities requiring consistent power supplies for residential, commercial, and industrial use. Steam boilers, known for their reliability and ability to meet high-pressure requirements, are integral to thermal power plants and industrial facilities, making them indispensable in these fast-growing markets.

The shift of manufacturing bases from developed nations to emerging ones, driven by lower labor costs and favorable trade policies, further amplifies the need for steam boiler systems to support new factories and production lines. Governments in these regions are also investing in energy infrastructure to support industrial growth, with policies promoting the adoption of efficient boiler technologies to meet rising electricity needs. For instance, India’s “Make in India” initiative has spurred manufacturing, increasing the demand for steam boilers in sectors like automotive and consumer goods. Similarly, China’s Belt and Road Initiative has led to infrastructure projects that require substantial energy inputs, further boosting the market.

The scalability of steam boiler systems, available in various configurations like fire-tube and water-tube boilers, allows them to cater to diverse industrial needs, from small-scale operations to large power plants. Additionally, the trend of establishing special economic zones and industrial corridors in these regions has created concentrated demand for steam-based energy solutions.

The focus on improving energy access in semi-urban and rural areas also contributes, as decentralized power generation using steam boilers becomes a viable solution. As these economies continue to grow, the need for reliable, high-capacity steam boiler systems will remain a critical driver, ensuring sustained market expansion in the coming years.

In 2023, India’s manufacturing sector grew by 7.5%, contributing to a 12% increase in thermal power capacity additions, with steam boilers accounting for 65% of new installations in industrial and power sectors, per government energy reports. China’s industrial output rose by 6.8%, with steam boiler deployments in new factories increasing by 10% year-on-year, supporting 15 GW of additional thermal power capacity, as reported by national energy statistics.

Technological Advancements in Boiler Efficiency and Automation

Technological innovation is a pivotal driver for the Steam Boiler System Market, as advancements in efficiency, automation, and digital integration enhance system performance and appeal to industries seeking cost-effective and sustainable solutions. Modern steam boiler systems are incorporating cutting-edge technologies such as Internet of Things (IoT)-enabled sensors, predictive maintenance algorithms, and advanced control systems to optimize operations and reduce downtime.

These innovations allow real-time monitoring of boiler performance, enabling operators to adjust parameters like fuel consumption and steam output for maximum efficiency. For example, IoT sensors can detect pressure anomalies or heat loss, alerting maintenance teams to potential issues before they escalate, thus minimizing costly shutdowns. Automation technologies, such as programmable logic controllers (PLCs) and distributed control systems (DCS), streamline boiler operations, reducing human intervention and improving precision in industrial processes.

Additionally, advancements in burner technology and heat recovery systems have significantly improved fuel efficiency, lowering operational costs and environmental impact. The integration of artificial intelligence (AI) and machine learning (ML) enables predictive analytics, allowing boilers to adapt to varying load demands and optimize fuel usage dynamically. These technological enhancements are particularly appealing to industries like chemicals and power generation, where energy costs constitute a significant portion of operational expenses.

Moreover, manufacturers are developing modular boiler designs that offer flexibility in scaling operations, catering to both small and large enterprises. The adoption of digital twins—virtual models of physical boiler systems—further enhances operational planning and maintenance strategies, reducing lifecycle costs. These advancements align with global trends toward Industry 4.0, where smart manufacturing and data-driven decision-making are prioritized.

As industries increasingly prioritize operational efficiency and regulatory compliance, the demand for technologically advanced steam boiler systems continues to rise, positioning innovation as a key market driver. This trend is particularly evident in developed markets like North America and Europe, where industries are upgrading legacy systems with smart, high-efficiency boilers to meet stringent performance and environmental standards.

In 2024, IoT-enabled steam boilers achieved a 15% reduction in energy consumption across 200 industrial facilities in Europe, per regional energy audits. Automation systems in new boiler installations increased operational uptime by 18%, with predictive maintenance reducing unplanned outages by 25%, according to industry performance metrics. Over 1,200 smart boilers were deployed globally in 2023, reflecting a 20% rise in adoption, as per international energy technology reports.

3. Growing Emphasis on Sustainable and Eco-Friendly Boiler Solutions

The global push for sustainability and environmental responsibility is significantly driving the Steam Boiler System Market, as industries seek eco-friendly solutions to comply with stringent regulations and reduce carbon footprints. Governments worldwide are implementing policies to curb greenhouse gas emissions, such as Europe’s net-zero emissions target by 2050 and similar initiatives in Asia and North America.

This has spurred demand for steam boilers that utilize renewable or low-emission fuels, such as biomass, hydrogen, and waste-to-energy systems. Biomass boilers, which use organic materials like wood pellets or agricultural waste, are gaining traction in industries like food processing and manufacturing due to their lower environmental impact. Similarly, innovations in hydrogen-fired boilers are emerging as a viable solution for decarbonizing industrial processes, particularly in Europe, where hydrogen infrastructure is expanding.

Electric steam boilers, powered by renewable energy sources like solar or wind, are also seeing increased adoption in regions with strong renewable energy grids. These sustainable boiler systems not only help industries meet regulatory requirements but also enhance their corporate social responsibility (CSR) profiles, appealing to environmentally conscious stakeholders. Additionally, retrofitting existing boilers with emission-control technologies, such as flue gas desulfurization and selective catalytic reduction, is driving market growth by extending the lifespan of legacy systems while ensuring compliance with environmental standards.

The shift toward circular economy principles, where waste heat is recovered and reused, further supports the adoption of advanced steam boiler systems with heat recovery units. This trend is particularly strong in energy-intensive sectors like chemicals and refining, where reducing emissions is both a regulatory and economic priority.

As global awareness of climate change grows, industries are increasingly investing in sustainable boiler technologies, creating significant opportunities for manufacturers to innovate and capture market share. The alignment of steam boiler systems with global sustainability goals ensures that this driver will continue to propel market growth in the long term.

In 2023, biomass boiler installations grew by 14% in Europe, powering 8% of industrial steam needs, per EU energy statistics. Hydrogen-fired boilers accounted for 3% of new deployments in 2024, with 500 units installed globally, according to international energy data. Electric boilers, supported by renewable grids, met 5% of steam demand in North America, reducing emissions by 10 million tons annually, as reported by regional environmental agencies.

4. Rising Global Energy Demand and Power Generation Needs

The Steam Boiler System Market is being propelled by the rising global demand for energy, particularly in the power generation sector, where steam boilers are critical for producing electricity in thermal power plants. As global populations grow and economies expand, the need for reliable and scalable energy solutions is intensifying. Steam boilers are a cornerstone of fossil-fuel-based power plants, which continue to dominate electricity production in many regions due to their reliability and capacity to meet baseload demands.

 Developing nations, in particular, are investing heavily in thermal power infrastructure to support industrial growth and electrification initiatives. For example, Southeast Asia and Sub-Saharan Africa are seeing significant investments in coal- and gas-fired power plants, where steam boilers are essential for generating high-pressure steam to drive turbines. Even in developed markets, aging power infrastructure is being refurbished, with steam boilers being upgraded or replaced to improve efficiency and comply with modern standards. The versatility of steam boilers, which can operate with multiple fuel sources like coal, natural gas, and oil, makes them adaptable to varying regional energy mixes.

Additionally, the integration of combined heat and power (CHP) systems, which use steam boilers to generate both electricity and heat, is gaining traction in industries seeking to maximize energy efficiency. The global push for energy security, particularly in the wake of geopolitical disruptions, has further emphasized the importance of domestic power generation, boosting the demand for steam boiler systems.

 As countries balance the need for affordable energy with environmental considerations, hybrid systems that combine fossil fuels with renewable inputs are emerging, further driving the market. The critical role of steam boilers in meeting the world’s growing energy needs ensures that this driver will remain a significant force in the market’s expansion, particularly in regions with high energy demand growth.

In 2024, global thermal power capacity increased by 200 GW, with steam boilers contributing to 70% of new installations, per international energy reports. Southeast Asia added 25 GW of coal-fired capacity, utilizing 1,500 steam boilers, according to regional energy data. CHP systems using steam boilers grew by 10% in industrial applications, generating 12% of global industrial heat demand, as reported by energy efficiency studies in 2023.

Download Free Sample Report

Key Market Challenges

High Initial and Maintenance Costs Impacting Adoption

The Steam Boiler System Market faces significant challenges due to the high initial capital investment and ongoing maintenance costs associated with steam boiler systems, which can deter adoption, particularly among small and medium-sized enterprises. Installing a steam boiler system requires substantial upfront expenditure, including costs for design, fabrication, installation, and integration with existing industrial infrastructure. Advanced systems, such as water-tube boilers or those equipped with digital control technologies, often command premium prices due to their complexity and enhanced efficiency features.

 For industries operating on constrained budgets, these costs can be prohibitive, leading to reliance on older, less efficient systems or alternative technologies. Additionally, maintenance expenses, including regular inspections, repairs, and compliance with safety and environmental regulations, add to the total cost of ownership. For example, industries must invest in skilled technicians and specialized equipment to maintain high-pressure boilers, which are subject to wear and tear from continuous operation. The need for periodic upgrades to meet evolving regulatory standards, such as emissions controls, further escalates costs. In emerging economies, where industrial growth is rapid but financial resources may be limited, these high costs pose a significant barrier to market expansion.

Even in developed markets, businesses face pressure to justify the return on investment for new boiler installations, especially when competing energy solutions, such as electric heating systems, offer lower upfront costs. The financial burden is compounded by the need for downtime during installation or maintenance, which can disrupt production schedules and impact profitability. While financing options and government incentives for energy-efficient systems exist in some regions, they are not universally available, leaving many businesses to bear the full cost.

This challenge is particularly acute in industries like food processing and textiles, where margins are tight, and capital allocation prioritizes immediate operational needs over long-term investments. As a result, the high cost structure of steam boiler systems remains a critical hurdle, requiring manufacturers to explore cost-effective designs and modular solutions to broaden market accessibility and drive adoption across diverse industrial segments.

Stringent Environmental Regulations and Compliance Pressures

The Steam Boiler System Market is grappling with the challenge of navigating increasingly stringent environmental regulations, which impose complex compliance requirements on manufacturers and end-users. Governments worldwide are implementing policies to reduce greenhouse gas emissions and air pollutants, such as nitrogen oxides (NOx) and sulfur oxides (SOx), in response to global climate change imperatives. For instance, Europe’s commitment to net-zero emissions by 2050 and similar initiatives in North America and Asia mandate that steam boiler systems meet rigorous emission standards, often requiring costly retrofits or advanced technologies like flue gas desulfurization and selective catalytic reduction.

These regulations increase operational complexity, as industries must invest in emission-monitoring systems and ensure compliance through regular audits, which can strain resources. Non-compliance risks hefty fines, reputational damage, and operational restrictions, creating a significant burden for businesses, particularly in energy-intensive sectors like power generation and chemicals. The transition to low-emission fuels, such as biomass or hydrogen, while environmentally beneficial, introduces additional challenges, including the need for specialized boiler designs and fuel supply infrastructure, which are not yet widely available. In developing regions, where regulatory enforcement may be inconsistent but growing, industries face uncertainty about future compliance costs, deterring investment in new boiler systems.

Moreover, the variability of regulations across regions complicates global market strategies for manufacturers, who must tailor products to meet diverse standards without compromising cost-effectiveness. The push for sustainability also pressures industries to phase out coal-fired boilers, which remain prevalent in some markets, in favor of cleaner alternatives, a transition that requires significant capital and technical expertise. While these regulations drive innovation in eco-friendly boiler technologies, they simultaneously create short-term financial and operational challenges, slowing market growth as industries weigh the costs of compliance against the benefits of modernized systems.

Key Market Trends

Adoption of Energy-Efficient and Condensing Boiler Technologies

A key trend influencing the trajectory of the Steam Boiler System market is the growing preference for energy-efficient and condensing boiler technologies. Industries are increasingly seeking boiler systems that maximize thermal efficiency while minimizing fuel consumption. Traditional boiler systems often operate at lower efficiency levels due to heat losses through flue gases. However, condensing boiler systems address this inefficiency by capturing latent heat from exhaust gases, thereby increasing overall system performance.

This technology enables thermal efficiency ratings above 90 percent, translating into significant fuel savings and reduced carbon emissions. The shift is driven by both cost reduction objectives and stricter government regulations on energy use. Industries in regions with high fuel prices or carbon taxes are particularly motivated to upgrade to such high-efficiency systems. Furthermore, many manufacturers are investing in advanced heat recovery units, variable-speed drive pumps, and intelligent control systems to further optimize fuel-to-steam conversion ratios. The increasing integration of digital automation and real-time monitoring in these systems is enabling precise control over combustion, temperature, and pressure parameters. As a result, energy-efficient and condensing boilers are becoming a strategic investment for industries aiming to align with long-term sustainability goals while reducing operational expenditure.

Growing Shift Toward Electrification and Renewable-Fuel-Fired Boilers

The Steam Boiler System market is witnessing a growing shift toward electrification and the adoption of renewable-fuel-fired boilers. With decarbonization targets gaining prominence globally, industries are exploring alternatives to conventional fossil fuel-based systems. Electric steam boilers, which operate without combustion and produce zero on-site emissions, are gaining popularity in applications where environmental compliance is critical, such as pharmaceuticals, food processing, and healthcare. Simultaneously, biomass- and biofuel-fired boiler systems are emerging as viable options for industries with access to organic waste or agricultural residues.

Governments are encouraging this transition through incentives and subsidies to promote renewable heating solutions. For example, industries in Europe and North America are increasingly investing in systems compatible with wood chips, pellet fuels, or biogas. In Asia-Pacific, where agricultural byproducts are abundant, biomass boilers are being adopted in agro-processing sectors. Additionally, advancements in burner design and fuel-flexible boilers are enabling users to switch between fuels based on availability and pricing. This flexibility is particularly valuable in regions experiencing volatility in natural gas or coal supply. As the cost of renewable energy and electricity continues to decline, the steam boiler industry is expected to witness broader adoption of non-conventional fuel technologies in the coming years.

Integration of Internet of Things and Predictive Maintenance Solutions

Another prominent trend transforming the Steam Boiler System market is the increasing integration of Internet of Things technologies and predictive maintenance solutions. Industrial end-users are embracing smart boiler systems equipped with sensors, data loggers, and cloud-based platforms that allow real-time monitoring of system health and performance. These technologies collect data on critical parameters such as steam pressure, temperature, fuel consumption, flue gas emissions, and operational cycles.

The data is then analyzed using machine learning algorithms to detect anomalies, predict component failures, and recommend proactive maintenance schedules. This approach not only improves system reliability and uptime but also extends the service life of boiler components by minimizing wear and tear caused by undetected malfunctions. Companies are realizing that unplanned downtime due to boiler failure can lead to severe production losses, safety risks, and compliance violations.

As a result, predictive maintenance is rapidly becoming a standard practice in steam boiler management, especially in sectors where continuous process flow is essential. Original equipment manufacturers are also offering remote diagnostics and performance optimization services, creating new value-added revenue streams. The adoption of these intelligent systems represents a broader shift toward digital transformation in industrial utilities, positioning steam boilers as smart assets within Industry 4.0 frameworks.

Segmental Insights

Boiler Type Insights

In 2024, the Water Tube Boiler segment dominated the global Steam Boiler System Market and is expected to maintain its leading position during the forecast period. This dominance can be attributed to the increasing demand for high-pressure steam applications across various industries such as chemical, power generation, oil and gas, and food processing, where operational efficiency and safety are paramount.

Water tube boilers are preferred in these sectors due to their ability to handle higher pressure and temperature requirements, faster steam generation capabilities, and enhanced heat transfer efficiency compared to other boiler types. Furthermore, the growing focus on reducing carbon emissions and improving energy efficiency has driven the adoption of water tube boilers, which are compatible with cleaner fuels and advanced combustion technologies.

Additionally, the rise in industrial infrastructure development, especially in emerging economies across Asia-Pacific and the Middle East, has further fueled the demand for water tube boiler systems. Government policies encouraging the modernization of aging thermal power plants and the replacement of conventional boilers with more efficient systems have also contributed to the segment’s growth. Although fire tube boilers are still widely used in small-scale industrial and commercial applications due to their lower initial costs and simpler design, their growth is limited by lower pressure capacities and slower steam generation rates.

Electric boilers, while gaining traction in urban settings due to their zero-emission profile and compact design, currently face limitations related to high operational costs and grid dependency, especially in regions with high electricity prices. As a result, the water tube boiler segment is expected to continue dominating the steam boiler system market landscape, driven by the growing industrialization, stringent regulatory standards for emissions and energy efficiency, and the increasing need for reliable, large-capacity steam generation systems across diverse industrial sectors worldwide.

Component Insights

In 2024, the Boiler segment held the dominant position in the global Steam Boiler System Market and is expected to maintain its dominance throughout the forecast period. This is primarily due to the fact that the boiler is the core component of any steam generation system, where water is converted into steam through heat energy derived from the combustion of fuels. The increasing demand for steam across a wide range of industrial applications such as power generation, chemical processing, oil and gas refining, food manufacturing, and pulp and paper production has significantly driven the requirement for efficient and high-capacity boilers. Moreover, advancements in boiler technology, such as the integration of smart monitoring systems, fuel flexibility, and enhanced thermal efficiency, have further reinforced the segment’s prominence. With growing emphasis on environmental sustainability, industries are increasingly opting for modern boilers that comply with stringent emission standards and energy efficiency regulations. The trend toward replacing outdated and inefficient boilers with newer models that offer lower fuel consumption and reduced carbon emissions is also contributing to the segment’s sustained growth. While other components such as economizers, superheaters, air preheaters, feed pumps, and steam drums play vital roles in enhancing the overall efficiency and performance of the steam boiler system, they are generally considered auxiliary in nature and are dependent on the operational framework established by the boiler. These components are often integrated as part of the boiler system to improve steam quality, recover heat, and support continuous feedwater supply, but their market size and revenue contribution are secondary to that of the boiler itself. Consequently, the boiler segment is expected to remain at the forefront of the steam boiler system market, driven by ongoing industrialization, rising energy demands, and continuous upgrades in steam generation technologies across both developed and emerging economies.

Download Free Sample Report

Regional Insights

Largest Region

In 2024, the Asia-Pacific region dominated the global Steam Boiler System Market and is expected to maintain its leading position throughout the forecast period. This dominance is primarily attributed to the region's rapid industrialization, expanding manufacturing base, and increasing energy demand driven by strong economic growth in countries such as China, India, Japan, South Korea, and Southeast Asian nations. The growing need for power generation, coupled with rising investments in industrial infrastructure and urban development, has significantly increased the deployment of steam boiler systems across various sectors, including chemical processing, food and beverage, oil and gas, and textile industries.

China, being one of the largest manufacturing hubs in the world, has witnessed substantial demand for high-capacity steam boiler systems to support its large-scale industrial operations. Similarly, India's expanding power generation sector and government initiatives aimed at boosting domestic manufacturing under schemes like “Make in India” have created favorable conditions for the adoption of advanced boiler systems. Furthermore, the increasing focus on replacing outdated boilers with more energy-efficient and environmentally compliant systems is accelerating market growth in the region.

The Asia-Pacific region also benefits from a large pool of local manufacturers offering cost-effective solutions, which supports widespread deployment across small and medium-scale industries. While North America and Europe continue to contribute significantly to the steam boiler system market through technological advancements and strict emission standards, their relatively mature industrial sectors and slower infrastructure expansion have limited their growth potential compared to the Asia-Pacific region. In addition, favorable government policies, rising foreign direct investments, and the growing demand for reliable and uninterrupted energy supply further reinforce the Asia-Pacific region's leadership in the market. As a result, Asia-Pacific is projected to remain the most dominant and fastest-growing regional market for steam boiler systems over the coming years.

Emerging Region

During the forecast period, the Middle East and Africa region is expected to emerge as a significant growth area in the global Steam Boiler System Market. This emerging growth is driven by a combination of expanding industrialization, increasing investments in power generation infrastructure, and the development of oil and gas processing facilities across the region. Countries such as the United Arab Emirates, Saudi Arabia, South Africa, Egypt, and Nigeria are witnessing a surge in industrial projects and infrastructural expansion, which is creating substantial demand for efficient steam boiler systems. The oil-rich economies in the Middle East are investing heavily in refining and petrochemical operations, where steam boilers play a crucial role in supporting various thermal processes. Moreover, with many governments in the region actively pursuing economic diversification strategies, such as Saudi Arabia’s Vision 2030, there is a growing emphasis on strengthening non-oil sectors including manufacturing, food processing, and chemical production, all of which require reliable steam generation systems. In Africa, the increasing electrification efforts and the expansion of industrial zones are also key contributors to the rising demand for steam boiler systems. 

Recent Developments

• In February 2025, Siemens Energy signed a landmark agreement to serve as the exclusive supplier of steam turbines, generators, and auxiliary systems for Rolls-Royce’s Generation 3+ small modular reactors (SMRs). The deal, expected to be finalized by the end of 2025, marks a significant step in advancing nuclear technology. It reinforces Siemens Energy’s position in the low-carbon energy sector and strengthens collaboration in next-generation clean power infrastructure.
• In March 2025, Siemens Energy secured a major contract valued at approximately USD 1.6 billion to equip and maintain two gas-fired power plants in Saudi Arabia—Rumah 2 and Nairyah 2. The plants will collectively deliver 3.6 GW to the national grid. The agreement includes a 25-year service commitment, underscoring Siemens’ long-term role in supporting Saudi Arabia’s power infrastructure and energy security through reliable, efficient generation solution.
• In October 2024, One Forty One announced a USD 90 million investment to install a biomass-fired boiler and steam turbine at its Jubilee sawmill in Mount Gambier. The upgrade will transform the site into a fully renewable-powered facility, with surplus energy fed into the grid. This move highlights the rising momentum behind bioenergy solutions for industrial steam generation and reinforces the role of sustainable practices in modern manufacturing.
• In May 2025, the Indian government introduced new mandates prioritizing domestic suppliers for industrial boiler procurement in public sector tenders. The policy aims to strengthen local manufacturing, support job creation, and promote self-reliance in critical infrastructure sectors. By favoring domestic producers, the move aligns with India’s broader economic and industrial strategy, while enhancing national capabilities in boiler production and reducing dependence on imported equipment.

Key Market Players

• Schneider Electric SE
• General Electric Company (GE Power)
• Siemens Energy AG
• Babcock & Wilcox Enterprises, Inc.
• Thermax Limited
• Cleaver-Brooks, Inc.
• Mitsubishi Power, Ltd.
• Forbes Marshall Private Limited
• Viessmann Group
• Hurst Boiler & Welding Co., Inc.

Report Scope:

In this report, the Global Steam Boiler System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

•  Steam Boiler System Market, By Boiler Type:

o   Fire Tube Boiler

o   Water Tube Boiler

o   Electric Boiler

• Steam Boiler System Market, By Component:

o   Boiler

o   Economizer

o   Superheater

o   Air Preheater

o   Feed Pump

o   Steam Drum

• Steam Boiler System Market, By End-Use Industry:

o   Power Generation

o   Oil & Gas

o   Chemical

o   Food & Beverage

o   Pulp & Paper

o   Textile

o   Healthcare

o   Others

• Steam Boiler System Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Steam Boiler System Market.

Available Customizations:

Global Steam Boiler System Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Global Steam Boiler System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]