산업용 온수 보일러 시장 규모, 점유율, 성장 분석 : 연료 유형별, 기술별, 용량별, 용도별, 지역별 - 업계 예측(2026-2033년)

Global Industrial Hot Water Boiler Market size was valued at USD 27.3 billion in 2024 and is poised to grow from USD 28.28 billion in 2025 to USD 37.53 billion by 2033, growing at a CAGR of 3.6% during the forecast period (2026-2033).

The global industrial hot water boiler market is experiencing significant growth, driven by rising demand from sectors such as food processing, chemicals, and pharmaceuticals, along with growing energy efficiency standards. Rapid urbanization and industrialization in emerging economies have bolstered market adoption, while the shift toward low-emission boiler technologies enhances sustainability efforts. The transition from outdated systems to renewables-integrated solutions is further propelling market expansion. Additionally, robust government incentives for energy-efficient technologies, coupled with the pursuit of cost-effective heating options, are fostering growth. Investments in district heating systems and heightened awareness of carbon footprints across various manufacturing sectors are also pivotal, emphasizing the need for advanced heating solutions.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Industrial Hot Water Boiler market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Industrial Hot Water Boiler Market Segments Analysis

Global Industrial Hot Water Boiler Market is segmented by Fuel Type, Technology, Capacity, Application and region. Based on Fuel Type, the market is segmented into Natural Gas, Oil, Electric / Electric-Powered, Biomass / Renewable Fuel and Others. Based on Technology, the market is segmented into Condensing Hot Water Boilers, Non-Condensing Hot Water Boilers, Fire-Tube, Water-Tube and Integrated / Smart Boilers. Based on Capacity, the market is segmented into < 500,000 BTU/hr, 500,000 - 2,000,000 BTU/hr, > 2,000,000 - 5,000,000 BTU/hr, > 5,000,000 BTU/hr and Other Capacity Ranges. Based on Application, the market is segmented into Food & Beverage Processing, Pharmaceuticals & Chemicals, Textiles & Apparel, Paper & Pulp and Utilities & Institutional. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Industrial Hot Water Boiler Market

The growth of the economy and the heightened interest in renewable energy solutions have significantly contributed to the increasing demand for industrial hot water boilers. Contemporary designs of these boilers focus on enhanced efficiency, surpassing that of older models. Energy efficiency has emerged as a critical concern for numerous industries, driving initiatives to lower electricity expenses and minimize carbon emissions. Companies are increasingly prioritizing the adoption of cutting-edge technologies that not only meet their heating requirements but also align with environmental sustainability goals, further propelling the industrial hot water boiler market's expansion and evolution in response to modern energy demands.

Restraints in the Global Industrial Hot Water Boiler Market

The Global Industrial Hot Water Boiler market faces challenges due to significant initial investment requirements that hinder the widespread adoption of advanced systems, particularly high-efficiency or renewable-integrated options. While larger industries may have the financial capacity to transition from traditional boilers to more modern solutions such as condensing, electric, or hydrogen-ready systems, smaller businesses often struggle with limited cash flow. This financial barrier restricts SMEs from upgrading their heating technologies, ultimately impeding overall market growth and the adoption of more sustainable heating solutions across the industry. The high costs create a significant obstacle that affects the competitive landscape in this sector.

Market Trends of the Global Industrial Hot Water Boiler Market

The Global Industrial Hot Water Boiler market is experiencing a significant shift towards the integration of renewable energy sources, driven by sustainability goals and increasing regulatory support. Industries are increasingly adopting hybrid technologies, such as biomass combustion and solar-thermal inputs, to enhance their heat and power systems. The growing emphasis on carbon neutrality is prompting a departure from fossil fuels, with innovations like waste-heat recovery systems and hydrogen-ready boilers playing pivotal roles in this transformation. These advancements not only support operational efficiency but also align with global efforts to reduce carbon emissions, positioning the market towards a more sustainable future.

Table of Contents

Introduction

• Objectives of the Study
• Market Definition & Scope

Research Methodology

• Research Process
• Secondary & Primary Data Methods
• Market Size Estimation Methods

Executive Summary

• Global Market Outlook
• Key Market Highlights
• Segmental Overview
• Competition Overview

Market Dynamics & Outlook

• Macro-Economic Indicators
• Drivers & Opportunities
• Restraints & Challenges
• Supply Side Trends
• Demand Side Trends
• Porters Analysis & Impact
  • Competitive Rivalry
  • Threat of Substitute
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers

Key Market Insights

• Key Success Factors
• Market Impacting Factors
• Top Investment Pockets
• Ecosystem Mapping
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Regulatory Landscape
• Technology Assessment
• Technology Assessment
• Regulatory Landscape

Global Industrial Hot Water Boiler Market Size by Fuel Type & CAGR (2026-2033)

• Market Overview
• Natural Gas
• Oil
• Electric / Electric-Powered
• Biomass / Renewable Fuel
• Others

Global Industrial Hot Water Boiler Market Size by Technology & CAGR (2026-2033)

• Market Overview
• Condensing Hot Water Boilers
• Non-Condensing Hot Water Boilers
• Fire-Tube
• Water-Tube
• Integrated / Smart Boilers

Global Industrial Hot Water Boiler Market Size by Capacity & CAGR (2026-2033)

• Market Overview
• < 500,000 BTU/hr
• 500,000 - 2,000,000 BTU/hr
  • 2,000,000 - 5,000,000 BTU/hr
  • 5,000,000 BTU/hr
• Other Capacity Ranges

Global Industrial Hot Water Boiler Market Size by Application & CAGR (2026-2033)

• Market Overview
• Food & Beverage Processing
• Pharmaceuticals & Chemicals
• Textiles & Apparel
• Paper & Pulp
• Utilities & Institutional

Global Industrial Hot Water Boiler Market Size & CAGR (2026-2033)

• North America (Fuel Type, Technology, Capacity, Application)
  • US
  • Canada
• Europe (Fuel Type, Technology, Capacity, Application)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Fuel Type, Technology, Capacity, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Fuel Type, Technology, Capacity, Application)
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Fuel Type, Technology, Capacity, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• Bosch Industriekessel
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fulton Boiler Works
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cleaver Brooks
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Miura Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hurst Boiler & Welding Co.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thermax Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Babcock Wanson
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cochran Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hoval AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• HKB Boilers
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ecotherm Austria GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PARAT Halvorsen AS
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thermodyne Boilers
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thermon Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ACV
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• KOSPEL
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Danstoker A/S
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Indeck Power Equipment Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Johnston Boiler Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Viessmann Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations