Boiler Market Outlook:
Boiler Market size was over USD 77.43 billion in 2025 and is poised to exceed USD 175.07 billion by 2035, witnessing over 8.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of boiler is estimated at USD 83.35 billion.
The global boiler market is growing exponentially every year due to the rapid growth of industries and factories like chemical, automotive, recycling, etc., which require vast amounts of energy that boilers can provide. Since boilers use less energy than other sources like furnaces to generate heat, they are also a popular option for not just factories but residential heating as well.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of boiler is estimated at USD 83.35 billion.
The global boiler market size was more than USD 77.43 billion in 2025 and is anticipated to witness a CAGR of over 8.5%, crossing USD 175.07 billion revenue by 2035.
North America boiler market will secure over 35% share by 2035, driven by industrial growth and green energy focus.
Key players in the market include Alfa Laval AB, Babcock and Wilcox Enterprises Inc., Bosch Industriekessel GmbH, Cleaver-Brookes, Inc., Harbin Electric Corporation, Hurst Boiler and Welding Inc.
