Boiler Market Size

Boiler Market size was over USD 18.44 billion in 2024 and is anticipated to cross USD 39.82 billion by 2037, growing at more than 6.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of boiler is estimated at USD 19.34 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.