Market Overview

The global steam boiler market size was valued at USD 17.46 billion, which will advance from USD 18.07 billion in 2025 to USD 23.80 billion with a CAGR of 3.5% during the forecast period (2025-2033).

The global Steam Boiler market continues to evolve rapidly, driven by shifting consumer trends, rising investments, and technological progress. This section provides a detailed snapshot of the current landscape, highlighting major developments, emerging opportunities, and competitive movements that are shaping the industry’s growth trajectory.

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Market Report Scope and Research Methodology

This report offers a balanced combination of qualitative and quantitative analysis to ensure accurate, transparent, and comprehensive insights. The scope defines the parameters and key categories of the market, helping readers clearly understand its framework and underlying dynamics.

The study examines market size, forecasts, and growth potential by analyzing crucial segments and sub-segments. It delves into the factors influencing the market—such as cost efficiency, regulatory initiatives, sustainability goals, and continuous innovation. In addition, it evaluates competitive landscapes, investment flows, and the policy environment impacting overall industry development.

Market Regional Insights

The regional analysis spans North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Each region is assessed based on market share, growth prospects, trade movements, and investment attractiveness. By studying regional demand trends, industrial performance, and government support measures, the report delivers a holistic understanding of how the market is evolving across different geographies.

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Market Segmentation

1. By Type
   1. Water Tube Boiler
   2. Fire Tube Boiler
2. By Pressure
   1. Low Pressure
   2. Medium Pressure
   3. High Pressure
3. By Fuel Type
   1. Coal-Fired
   2. Oil Fired
   3. Gas Fired
   4. Electric Steam Boiler
   5. Others
4. By End-Use Industry
   1. Power Generation
   2. Oil & Gas
   3. Chemical
   4. Process Industry
   5. Pharmaceticules
   6. Metals
   7. Others

Market Key Players

1. General Electric
2. Babcock & Wilcox Enterprises, Inc.
3. IHI Corporation
4. Forbes Marshall
5. Mitsubishi Heavy Industries, Ltd.
6. Viessmann Limited
7. Alfa Laval AB
8. Thyssenkrupp
9. Hurst Boiler & Welding, Inc.
10. Thermax Limited

Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart): https://straitsresearch.com/report/steam-boiler-market/request-sample

Key Questions Answered in the Steam Boiler Market Report:

• How large is the Steam Boiler market currently?

• What is the projected size of the Steam Boiler market in the coming years?

• What is the estimated global value of the Steam Boiler market?

• How fast is the Steam Boiler market growing?

• Which segment accounts for the highest share in the Steam Boiler market?

• What are the major Steam Boiler market segments?

• What was the market value of Steam Boiler in North America in 2024?

• Which region currently dominates the market landscape?

• What factors are driving the growth of the Steam Boiler market?

• Who are the prominent players in the Steam Boiler market?

• Which companies are leading in the Steam Boiler industry?

About Straits Research

Straits Research provides comprehensive market intelligence and actionable insights across a wide range of industries. Our reports are designed to empower decision-makers, investors, and organizations to uncover growth opportunities, overcome challenges, and build strategies that ensure long-term success in a rapidly changing business environment.

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