How big is the Boiler Market | Value & Opportunities 2025

Q: How big was the boiler market in 2024?

The boiler market was predicted at USD 19.7 billion.

Q: What is driving growth in the boiler market?

Industrialization, demand for reliable heating solutions, and cleaner energy regulations are driving the market.

Q: What trends are shaping the future of boilers?

Adoption of smart, high-efficiency, and eco-friendly boilers with IoT features are shaping the market.

Q: What are the key challenges in this market?

High initial costs, regulatory compliance, and shift to alternative heating systems are main challenges of the market.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5182

Publication Date: Jul 2025

What is the size of the Boiler Market?

According to 6Wresearch internal database and industry insights, the Global Boiler Market was estimated at USD 19.7 billion in 2024 and is projected to reach USD 30 billion by 2031, growing at a CAGR of 6.7% during the forecast period 2025–2031.

Due to growing demand for efficient heating systems in industrial and residential sectors, expansion of power generation, and increasing investments in energy infrastructure, the market is continued to grow with moderate rate in the coming years.

Key Growth Factors of the Boiler Market

Rising global demand for electricity and industrial heating
Adoption of high-efficiency and low-emission boiler systems
Expansion of urban infrastructure and housing developments
Strong growth in food processing, chemical, and paper industries
Stringent government norms encouraging clean energy boilers

Boiler Market Trends

Boiler market is expanding its landscape with trends such as condensing boilers with greater energy efficiency are replacing conventional systems. The market is on the rise in the integration of IoT for predictive maintenance and energy monitoring. Also, there is shift noticed towards electric and hybrid boilers is gaining traction in decarbonization efforts. Modular boilers are becoming popular in commercial and institutional facilities for flexibility and space-saving.

Emerging Developments in the Boiler Market

The boiler market is seeing new developments such as the hydrogen-powered boilers and biofuel-compatible systems to meet net-zero goals. Further, the smart boilers equipped with AI for real-time diagnostics and operational optimization are being introduced. Now, the companies are investing in low-NOx burner technology to meet stricter environmental standards. Furthermore, the automation and digital twin technology are improving lifecycle performance of industrial boilers.