Industrial Boiler Maintenance Market Share

  • Report ID: 3905
  • Published Date: Sep 26, 2023
  • Report Format: PDF, PPT

Industrial Boiler Maintenance Market Share

APAC Market Forecast

Industrial boiler maintenance market in Asia Pacific is predicted to account for the largest share of 37% by 2036 impelled by the increasing industrialization. For instance, industrial activities are increasing owing to the rapid population expansion and increased urbanization in nations such as China and India.

This as a result is expected to increase the demand for industrial boilers in the region. As more and more industrial boilers are utilized the need for maintenance may also rise since boilers represent a significant investment, and they require regular maintenance and inspection, to maintain their condition and guarantee the workers' security at the processing facility. In 2023, India's industrial production increased by an average of over 6% as compared to around 133% in 2021 and approximately 57% in 2020.

European Market Statistics

The Europe industrial boiler maintenance market is estimated to be the second largest, during the forecast timeframe led by growing popularity of boilers in food & beverages industry. The European food processing industry extensively uses steam boilers owing to their adaptability to various applications, and they are also an integral part of the food processing industry since they generate steam that aids in the cooking, sanitizing, processing, and packaging in the food industry.

 In addition, few sectors in the region extensively use boilers in the beverage industry for manufacturing and processing breweries, distilleries, and canning these boilers may face risk of corrosion, overheating, and boiler failures which increases the need for frequent maintenance.

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Author Credits:  Dhruv Bhatia


  • Report ID: 3905
  • Published Date: Sep 26, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing power generation and the growing personal disposable income across the globe are the major factors driving the growth of the market.

The market size of Industrial Boiler Maintenance is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024 – 2036.

The major players in the market are General Electric Company, Hurst Boiler & Welding Co, Inc., Mitsubishi Heavy Industries, Ltd., Robert Bosch GmbH, The IBL Group, Thermax Global, WIKA Instruments India Pvt. Ltd., Stork B.V., Jera Power Taketoyo G.K., and others.

The chemicals & petrochemicals segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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