Usage of boilers continues to grow, develop, and adapt as our society and needs change. The boiler has been adapted dramatically since the first kettle boiler versions in 1679. The steam industry began in earnest in 1867 with the development of the first convection boiler. Since then, the boiler has been adapted and developed to provide us with energy, and demand has continued to grow.

The global industrial boiler market was valued at USD 15.3 billion in 2022, and is projected to reach USD 19.8 billion by 2030, a cagr of 3.3%. Industrial development, differing fuel types, and a need to reduce our reliance on fossil fuels have enabled growth in this market.

Different Regions and Differing Industries–All Still Need Boilers

Newer industries have developed to reduce the dependance on fossil fuels and reduce CO2 emissions. The petrochemical industry is looking towards hydrogen as part of the fuel mixture, as well as using other sources, such as wind and hydro. Boilers are typically used in the production of this type of fuel.

In Asia, the industrialisation of food production has dramatically increased, leading to an increase in the reliance on boilers. Health and sanitary constraints and the environment the industry operates in are critical considerations. The food industry typically operates continuously and requires high performance equipment with high operational availability.

Climate change and legislation

Climate change is also a driver for an increasing boiler market. New industries have been developed which involve the use of boilers. Legislation and directives such as becoming carbon neutral by 2050 are also drivers for working with this reliable product and continuing to develop its uses.

Safety and reliability

The boiler has developed and improved over the decades, increasing both safety and reliability.