Asia Pacific Industrial Boilers Market Growth and Recent Trends by 2027

Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027

Asia Pacific Industrial Boilers Market to 2027 - Regional Analysis and Forecasts by Type (Coal Boilers, Gas Boilers, Biomass Boilers, Solid Waste Boilers, Fluidized Bed Boilers, and Others); End-User Industry (Food & Beverage, Pulp & Paper, Chemical, Metals & Mining, and Others)

Report Date : Nov 2019
Report Code : TIPRE00007523

Category : Manufacturing and Construction
Status : Published

Available Report Formats :
No. of Pages : 152

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Asia Pacific industrial boilers market is estimated to account US$ 4.76 Bn in 2018 and is expected to grow at a CAGR of 5.7% during the forecast period 2019 – 2027, to account to US$ 7.77 Bn by 2027.

APAC is among the fastest-growing regions due to the presence of countries such as India, China, and Japan. The growing economies of the region are fueling the growth in an array of sectors, such as the general industry, chemicals, and oil & gas. The region consists of many developing countries that are witnessing high growth in their industrial sectors. The region has become a global manufacturing hub with the presence of diverse manufacturing and processing industries. Alongside China’s evolution into a high-skilled manufacturing hub, other developing countries such as India, South Korea, Taiwan, and Vietnam are attracting several businesses that are in a quest to relocate their low- to medium-skilled manufacturing facilities to the countries offering lower labor costs. The Asia Pacific industrial boilers market for metals & mining is expeted to witness an CAGR growth rate of 2.6% from 2019 to 2027.

Asia Pacific Industrial Boilers Market – By Countries

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Asia Pacific Industrial Boilers Market Insights

Increasing government initiatives towards environment pollution control

Boilers play a key role in determining the efficiency of industrial operations. The rising concerns towards the environmental pollution and stringent emission norms are driving the growth of Asia Pacific industrial boilers market. For instance, in 2013, Beijing has launched a program i.e., “war on air pollution.” It was primarily focused on reducing the use of coal. China is the world’s largest user of coal, and China’s energy mix is dominated by coal, accounting for about 60% of the total energy in 2016. Another example is Hebei Province, as per the initial government plan of switching from coal to gas, around 1.8 million households and around 4,500 steam tons equivalent of coal-fired boilers would be covered. Thus, driving the growth of the Asia Pacific industrial boilers market during the coming years.

Surging adoption of energy efficient solution

In the future, the energy-efficient solutions would most likely to witness high demand. Energy-Efficient boilers are required to reduce future operating costs, capital investment, and utility systems costs. The performance of industrial boilers is a key element in the efforts of commercial facilities to hold down utility costs. For maintenance and engineering procedures in various industries, businesses trying to provide efficient boiler performance, the efficiency of the boiler is decided by the proportion of heat output to the amount of fuel utilized. According to the U.S Department of energy, traditional heating systems generally run between 56% to 70% efficiency, which is a substantial loss in energy savings. However, modern boilers and water heaters run around 80% efficiency, which provides significant energy savings when used in a number of industries.

Asia Pacific Industrial Boilers Market – Type Insights

The industrial boilers market in Asia Pacific region is segmented based on the type as coal boilers, gas boilers, biomass boilers, solid waste boilers, fluidized bed boilers, and others. The others segment consists of boilers such as chemical recovery boilers and packaging boilers The fluidized bed boilers segment is further segmented as bubbling fluidized bed boilers and circulating fluidized bed boilers. The coal boilers are the most prominent industrial boilers as these boilers are used in various industries including electricity generation industry, food & beverage industry, and pulp & paper industry. The demand for coal boilers is maximum in the recent years, however, due to increasing concerns related to environmental pollution, and emission of harmful gases, the segment is expected to witness slower growth during the forecast period.

Asia Pacific Industrial Boilers Market – End-user Industry Insights

The Asia Pacific industrial boilers market is analyzed based on the end-user industry as the food & beverage industry, pulp & paper industry, chemical industry, metals & mining industry, and others. The other industry segment comprises of power generation industry, manufacturing industry, and refining industry. The demand for industrial boilers is maximum in the chemical industry as the number of boilers required for smooth operation in the chemical industry is much higher as compared to other sectors. This has facilitated the industry to dominate the Asia Pacific industrial boilers market.

Asia Pacific Industrial Boilers Market for by End-user Industry

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Asia Pacific Industrial Boilers Market -

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Asia Pacific Industrial Boilers Market: Strategic Insights

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Some of the market initiatives were observed to be most adopted strategy in the Asia Pacific industrial boilers market. Few of the recent market initiatives adopted by the market players operating in the Asia Pacific industrial boilers market are listed below:

2019:

B&W has signed a strategic collaboration agreement with JZHC to pair JZHC’s Coen burners with B&W’s water-tube package boilers and enables the companies to offer the combined burner as well as boiler solution to their customers.

2019:

B&W received a contract for around US$ 3 Mn to design and supply three package boilers for the district energy provider for the City of Akron, Ohio, Akron Energy Systems.

2019:

B&W announced that it has succesfully turned over a waste-fired boiler for a combined heat and power plant to its customer, Bodens Energi AB, a municipally owned producer of electricity and heat in Boden, Sweden.

ASIA PACIFIC INDUSTRIAL BOILERS SEGMENTATION

Asia Pacific Industrial Boilers Market – By Type

Coal Boilers
Gas Boilers
Biomass Boilers
Solid Waste Boilers
Fluidized Bed Boilers
Others

Asia Pacific Industrial Boilers Market – By End-user Industry

Food & Beverage
Pulp & Paper
Chemical
Metals & Mining
Others

Asia Pacific Industrial Boilers Market – By Country

Asia Pacific (APAC)
- China
- India
- Indonesia
- Vietnam
- Thailand
- Rest of Asia Pacific

Asia Pacific Industrial Boilers Market - Company Profiles

AC Boilers S.p.A.
Babcock & Wilcox Enterprises, Inc.
Bharat Heavy Electrical Limited
Siemens AG
Dongfang Electric Corporation Limited
General Electric Company
Harbin Electric Company Limited
IHI Corporation
Thermax
Wood Group PLC

Report Scope

Asia Pacific Industrial Boilers Market Regional Insights

The regional trends and factors influencing the Asia Pacific Industrial Boilers Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Asia Pacific Industrial Boilers Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

asia-pacific-industrial-boilers-market-global-geography

Get the Regional Specific Data for Asia Pacific Industrial Boilers Market

Asia Pacific Industrial Boilers Market Report Scope

Report Attribute	Details
Market size in 2018	US$ 4.76 Billion
Market Size by 2027	US$ 7.77 Billion
Global CAGR (2019 - 2027)	5.7%
Historical Data	2016-2017
Forecast period	2019-2027
Segments Covered	By Type Coal Boilers Gas Boilers Biomass Boilers Solid Waste Boilers Fluidized Bed Boilers By End-User Industry Food & Beverage Pulp & Paper Chemical Metals & Mining
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	AC Boilers Woods Group Babcock and Wilcox GE Company Thermax IHI Corp Harbin Electric Company Dongfang Bharat Heavy Electricals

Asia Pacific Industrial Boilers Market Players Density: Understanding Its Impact on Business Dynamics

The Asia Pacific Industrial Boilers Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Asia Pacific Industrial Boilers Market are:

AC Boilers
Woods Group
Babcock and Wilcox
GE Company
Thermax

Disclaimer: The companies listed above are not ranked in any particular order.

asia-pacific-industrial-boilers-market-cagr

Get the Asia Pacific Industrial Boilers Market top key players overview

Research Manager

Nivedita Upadhyay

Manager,
Market Research & Consulting

Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

What are the Asia Pacific Industrial Boilers Market report deliverables?

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PEST and SWOT Analysis
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Asia Pacific Industrial Boilers Market Report Snapshots

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