Industrial Boiler Market Size & Share, by Product Type (Water-tube Boilers, Fire-tube Boilers); Fuel Type; Application; Boiler Horsepower; Technology; Function; Pressure - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2026-2035

Industrial Boiler Market - Regional Analysis

APAC Market Insights

Asia Pacific market is likely to emerge as the dominating region, capturing the largest revenue share of 44.7% by the end of 2035. The region benefits from rapid growth in industrialization, manufacturing sectors, and increasing energy demand across countries such as China, India, Japan, and South Korea. In this regard, the government of India reported that the Biomass Programme from the tenure 2021-22 to 2025-26 enables it to support setting up biomass briquette/pellet manufacturing plants and biomass (non-bagasse) based cogeneration projects in industries across India. It also offers central financial assistance of up to ₹45 lakhs (~USD 54,000) for pellet/briquette plants and up to ₹5 crores (~USD 600,000) for cogeneration projects, with mandatory use of new machinery and SCADA systems.

China is readily augmenting its leadership in the industrial boiler market owing to the presence of its large manufacturing base and industrialization. The country also benefits from energy efficiency upgrades, wherein sectors such as chemicals, food processing, and paper rely heavily on steam and heat, increasing the demand for industrial boilers.  Cubic in April 2024 reported that it made an investment in LOPE and Jingding Electric to build an integrated supply chain for full premixed condensing wall-mounted gas boilers in the country, hence accelerating industrial upgrades.

India remains an extremely strong landscape for the market, strongly influenced by the growing industrial activities in sectors such as textiles, pharmaceuticals, food processing, and power generation.  Testifying this, the Bureau of Energy Efficiency in March 2024 launched new Standards & Labeling Programs for packaged boilers and visi coolers, and released the maiden India EV Digest and the State Energy Efficiency Index 2023, wherein Karnataka topped the list. The report also underscored that BEE played a pivotal role in reducing energy use by 3.5% and carbon emissions by 306 million tonnes on a yearly basis.

North America Market Insights

North America market is predicted to hold a significant revenue share throughout the discussed tenure. The leadership is primarily driven by the strong focus on modernization and energy efficiency, along with stringent environmental regulations and a shift toward cleaner fuel sources.  Besides, industries in the region are proactively adopting boiler technologies to reduce emissions and improve operational efficiency, receiving constant support from government incentives, hence denoting a positive market outlook.

The U.S. is a strong player in the regional industrial boiler market owing to the widespread adoption of advanced technologies such as condensing boilers and integrated control systems. In June 2025, AtmosZero reported that it installed the world’s first fully drop-in zero-emission electric steam heat-pump boiler, Boiler 2.0, at New Belgium Brewing’s Fort Collins facility without any operational downtime. It also stated that this is supported by a USD 24.3 million federal clean energy tax credit, wherein the firm plans to scale production, marking a major step in industrial steam electrification.

Canada is gaining traction in North America’s market on account of its commitment to reducing greenhouse gas emissions and substantial funding grants. Besides, industries are adopting boilers that utilize low-carbon fuels and advanced emissions control technologies.  As per an article published by BoilMakers in September 2025, the Ontario government has committed a total of USD 5.7 million to Local 128 Boilermakers to expand training capacity, including new equipment and a new facility in Sudbury. This investment also supports the growing demand for skilled Boilermakers in Northern Ontario’s industrial and energy sectors.

Canadian Government and Industry Grants Supporting Industrial Boiler Efficiency and Decarbonization

Source: Official Press Releases

Europe Market Insights

Europe in the industrial boiler market is likely to retain its position as one of the strongest landscapes in the upcoming years. The region’s market is effectively backed by increasing demand for advanced boiler technologies that incorporate renewable energy integration and digital monitoring systems. In February 2024, Babcock Wanson Group reported that it acquired VKK Group, which is a leading specialist in industrial boiler design, manufacturing, and services with expertise in high-power boilers, hence denoting a positive market outlook.

Germany is one of the largest and most influential markets in the industrial boiler market, backed by its strong focus on innovation, energy efficiency, and environmental compliance. The country is one of the largest industrial economies in the region, where it is making heavy investments in upgrading boiler infrastructure to meet stringent emission standards. On the other hand, the demand for biomass and electric boilers is at a surge, underscoring the country’s commitment to energy transition and decarbonization goals.

The U.K. is evolving in the market due to huge pressure from the governing bodies to reduce carbon emissions and enhance operational efficiency. The government policies in the region are also promoting clean energy and the adoption of low-carbon technologies. In 2023, ACV UK announced that it had launched EVO S, which is a new range of high-efficiency wall-hung boilers comprising stainless steel plate heat exchangers and low NOx Class 6 emissions. It also stated that these are available in outputs from 40 to 150kW, the compact units offer flexible installation options, a 5:1 turndown ratio, and cascade capability up to 900kW.