Global Water Boiler Market Research Report: Information by Mode of Operation, by Capacity, by Insulation Material, by Application, and by Region

Description

List of Tables

Global Water Boiler Market Research Report: Information by Mode of Operation (Natural Gas, Oil, Electric, and Others), by Capacity (Below 10 Mmbtu/Hr, 10-50 Mmbtu/Hr, and Above 50 Mmbtu/Hr), by Insulation Material (Fiberglass, Mineral Wool, Cellulose, Reflective Foil, Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Polyurethane Foam, and Others), by Application (Residential, Commercial, and Industrial), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Forecast Till 2032

Market Overview

Water Boiler Market Size was valued at USD 29,986.3 Million in 2023. The Global Water Boiler industry is predicted to increase from USD 31,427.3 Million in 2024 to USD 45,954.1 Million by 2032, exhibiting a compound yearly growth rate (CAGR) of 4.9% during the forecast period (2024 - 2032).

Moreover, the rise of green initiatives and government incentives further stimulates enterprises to invest in energy-efficient boiler system, promoting a favorable market environment for manufacturers and suppliers. These incentives not only encourage the replacement of old, but less efficient boilers also that push the bounds of energy efficiency. Furthermore, as businesses struggle to remain competitive in an increasingly hostile market context, the cost savings and operational benefits offered by energy efficient boiler systems have become increasingly attractive.

Moreover, the growth in biomass boilers is generating a substantial opportunity within the water boiler business. Biomass boilers, utilizing organic material such as wood pellets, agricultural leftovers, or energy crops for fuel, are gaining attention because to their sustainability benefits and reduce carbon footprint compared to typical fossil fuels. This trend towards biomass as a sustainable energy source is increasing demand for water boilers adapted to accommodate biomass burning.

Market Segment Insights

Based on Mode of Operation, the market is segmented into natural gas, oil, electric, and others.

Based on Capacity, the market is segmented into below 10 Mmbtu/Hr, 10-50 Mmbtu/Hr, and above 50 Mmbtu/Hr.

Based on Insulation Material, the market is divided into fiberglass, mineral wool, cellulose, reflective foil, expanded polystyrene (eps), extruded polystyrene (xps), polyurethane foam, and others.

Residential, commercial, and industrial applications comprise the Water Boiler Market's section of activity.

Regional Views

With largest market share in 2023, the Europe Water Boiler market is expected to show notable CAGR increase over the course of the research period. Comprising big nations, the European water boilers market is distinguished by a strong focus on technological innovation, environmental sustainability, and energy economy. These nations have strong heating sectors motivated by strict rules meant to lower carbon emissions and support the use of renewable energy sources.

Furthermore, ranking second in the Water Boiler Market is Asia Pacific. Driven by fast urbanization and growing demand for energy-efficient heating solutions, the water boilers market in the Asia-Pacific region-which includes big nations like China, India, and Japan-is seeing notable increase.

Furthermore, the North America Water Boiler Market has expanded noticeably recently. Driven by several elements, the North American water boilers market is showing consistent expansion. With a strong focus on energy efficiency and sustainability, the market for water boilers in the United States is shaped by the predominance of residential and commercial heating systems.

Principal Players

Among the main participants in the market are Lennox International Inc., Robert Bosch Gmbh, Ariston Thermo Spa, Rheem Manufacturing Company, Ferroli S.P.A, Rinnai Corporation, Babcock Wanson, Acme Engineering Products Ltd., Parker Boiler, and the Aldrich Company, Inc.

Product Code: MRFR/IA - E/20638-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 EXPANDING INDUSTRIAL ACTIVITIES IS DRIVING THE MARKET FOR WATER BOILERS MARKET
- 4.2.2 GROWING DEMAND FOR ENERGY EFFICIENT BOILER SYSTEMS IS EXPECTED TO BOOST THE WATER BOILERS MARKET
- 4.2.3 DRIVER IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 CORROSION IN WATER BOILER SYSTEM INCREASING THE OPERATIONAL COST
- 4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
- 4.4.1 INCREASING DEMAND FOR BIOMASS BOILERS POSSESS AN OPPORTUNITY FOR THE INDUSTRIAL BOILER MARKET
4.5 COVID-19 IMPACT ANALYSIS
- 4.5.1 IMPACT ON OVERALL WATER BOILER INDUSTRY
  - 4.5.1.1 ECONOMIC IMPACT
  - 4.5.1.2 IMPACT ON SUPPLY CHAIN
  - 4.5.1.3 PRICE VARIATION OF KEY RAW MATERIALS
  - 4.5.1.4 CASH FLOW CONSTRAINS
  - 4.5.1.5 IMPACT ON IMPORT/EXPORT
- 4.5.2 IMPACT ON MARKET DEMAND
  - 4.5.2.1 IMPACT DUE TO RESTRICTION/LOCKDOWNS
  - 4.5.2.2 CONSUMER SENTIMENTS
- 4.5.3 IMPACT ON PRICING

5 MARKET FACTOR ANALYSIS

5.1 PORTER'S FIVE FORCES MODEL
- 5.1.1 THREAT OF NEW ENTRANTS
- 5.1.2 BARGAINING POWER OF SUPPLIERS
- 5.1.3 THREAT OF SUBSTITUTES
- 5.1.4 BARGAINING POWER OF BUYERS
- 5.1.5 INTENSITY OF RIVALRY
5.2 SUPPLY CHAIN ANALYSIS
- 5.2.1 RESEARCH AND DEVELOPMENT (R&D)
- 5.2.2 MANUFACTURE & ASSEMBLY
- 5.2.3 SALES & DISTRIBUTION
- 5.2.4 APPLICATION

6 GLOBAL WATER BOILERS MARKET, BY MODE OF OPERATION

6.1 INTRODUCTION
6.2 NATURAL GAS
6.3 OIL
6.4 ELECTRIC
6.5 OTHERS

7 GLOBAL WATER BOILERS MARKET, BY CAPACITY

7.1 INTRODUCTION
7.2 BELOW 10 MMBTU/HR
7.3 10-50 MMBTU/HR
7.4 ABOVE 50 MMBTU/HR

8 GLOBAL WATER BOILERS MARKET, BY APPLICATION

8.1 INTRODUCTION
8.2 RESIDENTIAL
8.3 COMMERCIAL
8.4 INDUSTRIAL

9 GLOBAL WATER BOILERS MARKET, BY INSULATION MATERIAL

9.1 INTRODUCTION
9.2 FIBERGLASS
9.3 MINERAL WOOL
9.4 CELLULOSE
9.5 REFLECTIVE FOIL
9.6 EXPANDED POLYSTYRENE (EPS)
9.7 EXTRUDED POLYSTYRENE (XPS)
9.8 POLYURETHANE FOAM
9.9 OTHERS

10 GLOBAL WATER BOILERS MARKET, BY REGION

10.1 OVERVIEW
10.2 NORTH AMERICA
- 10.2.1 U.S.
- 10.2.2 CANADA
- 10.2.3 MEXICO
10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 FRANCE
- 10.3.3 UK
- 10.3.4 ITALY
- 10.3.5 SPAIN
- 10.3.6 NETHERLANDS
- 10.3.7 POLAND
- 10.3.8 AUSTRIA
- 10.3.9 ROMANIA
- 10.3.10 SWITZERLAND
- 10.3.11 REST OF EUROPE
10.4 ASIA-PACIFIC
- 10.4.1 CHINA
- 10.4.2 INDIA
- 10.4.3 JAPAN
- 10.4.4 REST OF ASIA-PACIFIC
10.5 MIDDLE EAST & AFRICA
- 10.5.1 SOUTH AFRICA
- 10.5.2 SAUDI ARABIA
- 10.5.3 UAE
- 10.5.4 REST OF MEA
10.6 SOUTH AMERICA
- 10.6.1 BRAZIL
- 10.6.2 ARGENTINA
- 10.6.3 REST OF SOUTH AMERICA

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 MARKET SHARE ANALYSIS,
11.3 COMPETITOR DASHBOARD
11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.4.1 PRODUCT LAUNCH AND DEVELOPMENTS
- 11.4.2 EXPANSION
- 11.4.3 PARTNERSHIP
- 11.4.4 MERGER AND ACQUISITION
- 11.4.5 ANNOUNCEMENTS
- 11.4.6 EVENTS

12 COMPANY PROFILES

12.1 LENNOX INTERNATIONAL INC
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES
12.2 ROBERT BOSCH GMBH
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
12.3 ARISTON THERMO SPA
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGIES
12.4 RHEEM MANUFACTURING COMPANY
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGIES
12.5 FERROLI S.P.A
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGIES
12.6 RINNAI CORPORATION
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGIES
12.7 BABCOCK WANSON
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGY
12.8 ACME ENGINEERING PRODUCTS LTD.
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGIES
12.9 PARKER BOILER
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGIES
12.10 THE ALDRICH COMPANY, INC.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGIES