Fire Tube Low Temperature Industrial Boiler Market by Type (Wet-Back Boilers, Dry-Back Boilers, Two-Pass Boilers, Three-Pass Boilers, Four-Pass Boilers), by Fuel Type (Natural Gas, Oil, Coal, Biomass), by Capacity (Up to 10 MMBtu/hr, 10-50 MMBtu/hr, Above 50 MMBtu/hr), by End-Use Industry (Chemicals & Petrochemicals, Food & Beverage, Oil & Gas, Power Generation, Pulp & Paper, Textiles); Global Insights & Forecast (2024 – 2030)

Published: January, 2025  
|   Report ID: EP5377  
|   Energy and Power

As per Intent Market Research, the Fire Tube Low Temperature Industrial Boiler Market was valued at USD 1.7 Billion in 2023 and will surpass USD 2.8 Billion by 2030; growing at a CAGR of 7.6% during 2024 - 2030.

The fire tube low-temperature industrial boiler market is a vital segment within the global industrial landscape, delivering efficient and controlled heat for various applications. Designed for operations requiring lower operating temperatures, these boilers are indispensable across sectors such as chemicals, food processing, and textiles. The rising demand for energy-efficient and environmentally friendly heating solutions is driving growth in this market. Innovations in boiler technology and fuel adaptability further strengthen its appeal.

This analysis explores the leading and fastest-growing subsegments across product types, fuel types, capacities, and end-use industries while providing insights into regional and competitive dynamics.

Wet-Back Boilers Segment is Largest Owing to Operational Efficiency

The wet-back boilers segment stands out as the largest in this market due to its superior operational efficiency and low maintenance requirements. These boilers feature a design that minimizes heat loss by allowing the hot gases to pass through water-cooled tubes, ensuring maximum energy utilization.

Industries such as chemicals and petrochemicals heavily rely on wet-back boilers for processes that demand consistent heat levels while optimizing fuel consumption. Their adaptability to various fuel types further cements their position as a preferred choice in the industrial sector.

Fire Tube Low Temperature Industrial Boiler Market Size

Biomass Fuel Segment is Fastest Growing Owing to Sustainability

The biomass fuel segment is experiencing the fastest growth, driven by the global shift towards renewable and eco-friendly energy sources. Biomass-fired boilers are particularly favored in sectors like pulp and paper and food processing, where companies are focusing on reducing their carbon footprints.

Technological advancements in combustion systems and government incentives promoting green energy adoption contribute to the rapid expansion of this segment. The availability of diverse biomass materials, from wood pellets to agricultural residues, enhances the segment's versatility and appeal.

10-50 MMBtu/hr Capacity Segment is Largest Owing to Versatility

The 10-50 MMBtu/hr capacity segment dominates the market, offering a versatile range suitable for medium-scale industrial operations. This capacity range strikes a balance between performance and cost-efficiency, making it a popular choice across multiple industries.

Applications in sectors such as food and beverage, textiles, and power generation demonstrate the adaptability of boilers in this capacity range. Additionally, advancements in control systems and enhanced thermal efficiency further drive the preference for this segment.

Food & Beverage End-Use Industry is Fastest Growing Owing to Rising Demand

The food and beverage industry is the fastest-growing end-use sector for low-temperature fire tube industrial boilers. The critical role of heat and steam in processes like sterilization, cooking, and cleaning underscores the demand for efficient boiler systems in this sector.

As global demand for processed and packaged food continues to grow, manufacturers are investing in advanced boilers to ensure consistent quality and energy efficiency. The industry's focus on sustainable and low-emission heating solutions further accelerates the adoption of these boilers.

Asia-Pacific Region is Largest Owing to Industrial Expansion

Asia-Pacific emerges as the largest market for fire tube low-temperature industrial boilers, driven by rapid industrialization and infrastructure growth in countries like China, India, and Southeast Asian nations. The region's dominance is supported by strong demand from industries such as textiles, food processing, and petrochemicals.

Government initiatives to enhance energy efficiency and reduce emissions, along with investments in modernizing industrial facilities, bolster the adoption of these boilers. The presence of a robust manufacturing base and abundant raw material availability further solidify Asia-Pacific's leadership in this market.

Fire Tube Low Temperature Industrial Boiler Market Size by Region 2030

Competitive Landscape and Leading Companies

The fire tube low-temperature industrial boiler market is highly competitive, with key players focusing on innovation and sustainability to maintain market share. Major companies such as Cleaver-Brooks, Bosch Thermotechnology, Miura Boilers, and Fulton Boiler Works lead the industry, offering a wide array of products catering to diverse industrial requirements.

Competitive strategies include adopting IoT and automation for real-time monitoring, enhancing energy efficiency, and expanding product portfolios to meet varying customer needs. Partnerships, acquisitions, and investments in green technologies are also prominent trends shaping the market, ensuring a dynamic and forward-looking competitive landscape.

List of Leading Companies:

  • Babcock Wanson
  • Bosch Thermotechnology
  • Bryan Boilers
  • Byworth Boilers
  • Cleaver-Brooks
  • Cochran Ltd.
  • Forbes Marshall
  • Fulton Boiler Company
  • Hurst Boiler & Welding Co.
  • ICI Caldaie S.p.A.
  • Johnston Boiler Company
  • Miura America Co., Ltd.
  • Parker Boiler Company
  • Superior Boiler Works, Inc.
  • Thermax Limited

Recent Developments:

  • Bosch Thermotechnology developed a low-temperature fire tube boiler with IoT-enabled monitoring for industrial applications.
  • Cleaver-Brooks expanded its product range with compact low-temperature boilers for small-to-medium industries.
  • Thermax Limited secured a major contract for low-temperature fire tube boilers in the textile industry.
  • Fulton Boiler Company launched an advanced fire tube boiler series with enhanced emission control technology.
  • Hurst Boiler & Welding Co. introduced a biomass-compatible low-temperature boiler for eco-friendly operations.

Report Scope:

Report Features

Description

Market Size (2023)

USD 1.7 Billion

Forecasted Value (2030)

USD 2.8 Billion

CAGR (2024 – 2030)

7.6%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Fire Tube Low Temperature Industrial Boiler Market by Type (Wet-Back Boilers, Dry-Back Boilers, Two-Pass Boilers, Three-Pass Boilers, Four-Pass Boilers), by Fuel Type (Natural Gas, Oil, Coal, Biomass), by Capacity (Up to 10 MMBtu/hr, 10-50 MMBtu/hr, Above 50 MMBtu/hr), by End-Use Industry (Chemicals & Petrochemicals, Food & Beverage, Oil & Gas, Power Generation, Pulp & Paper, Textiles)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

Babcock Wanson, Bosch Thermotechnology, Bryan Boilers, Byworth Boilers, Cleaver-Brooks, Cochran Ltd., Fulton Boiler Company, Hurst Boiler & Welding Co., ICI Caldaie S.p.A., Johnston Boiler Company, Miura America Co., Ltd., Parker Boiler Company and Thermax Limited.

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Fire Tube Low Temperature Industrial Boiler Market, by Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Wet-Back Boilers

   4.2. Dry-Back Boilers

   4.3. Two-Pass Boilers

   4.4. Three-Pass Boilers

   4.5. Four-Pass Boilers

5. Fire Tube Low Temperature Industrial Boiler Market, by Fuel Type (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Natural Gas

   5.2. Oil

   5.3. Coal

   5.4. Biomass

   5.5. Others

6. Fire Tube Low Temperature Industrial Boiler Market, by Capacity (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Up to 10 MMBtu/hr

   6.2. 10-50 MMBtu/hr

   6.3. Above 50 MMBtu/hr

7. Fire Tube Low Temperature Industrial Boiler Market, by End-Use Industry (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Chemicals & Petrochemicals

   7.2. Food & Beverage

   7.3. Oil & Gas

   7.4. Power Generation

   7.5. Pulp & Paper

   7.6. Textiles

   7.7. Others

8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   8.1. Regional Overview

   8.2. North America

      8.2.1. Regional Trends & Growth Drivers

      8.2.2. Barriers & Challenges

      8.2.3. Opportunities

      8.2.4. Factor Impact Analysis

      8.2.5. Technology Trends

      8.2.6. North America Fire Tube Low Temperature Industrial Boiler Market, by Type

      8.2.7. North America Fire Tube Low Temperature Industrial Boiler Market, by Fuel Type

      8.2.8. North America Fire Tube Low Temperature Industrial Boiler Market, by Capacity

      8.2.9. North America Fire Tube Low Temperature Industrial Boiler Market, by End-Use Industry

      8.2.10. By Country

         8.2.10.1. US

               8.2.10.1.1. US Fire Tube Low Temperature Industrial Boiler Market, by Type

               8.2.10.1.2. US Fire Tube Low Temperature Industrial Boiler Market, by Fuel Type

               8.2.10.1.3. US Fire Tube Low Temperature Industrial Boiler Market, by Capacity

               8.2.10.1.4. US Fire Tube Low Temperature Industrial Boiler Market, by End-Use Industry

         8.2.10.2. Canada

         8.2.10.3. Mexico

    *Similar segmentation will be provided for each region and country

   8.3. Europe

   8.4. Asia-Pacific

   8.5. Latin America

   8.6. Middle East & Africa

9. Competitive Landscape

   9.1. Overview of the Key Players

   9.2. Competitive Ecosystem

      9.2.1. Level of Fragmentation

      9.2.2. Market Consolidation

      9.2.3. Product Innovation

   9.3. Company Share Analysis

   9.4. Company Benchmarking Matrix

      9.4.1. Strategic Overview

      9.4.2. Product Innovations

   9.5. Start-up Ecosystem

   9.6. Strategic Competitive Insights/ Customer Imperatives

   9.7. ESG Matrix/ Sustainability Matrix

   9.8. Manufacturing Network

      9.8.1. Locations

      9.8.2. Supply Chain and Logistics

      9.8.3. Product Flexibility/Customization

      9.8.4. Digital Transformation and Connectivity

      9.8.5. Environmental and Regulatory Compliance

   9.9. Technology Readiness Level Matrix

   9.10. Technology Maturity Curve

   9.11. Buying Criteria

10. Company Profiles

   10.1. Babcock Wanson

      10.1.1. Company Overview

      10.1.2. Company Financials

      10.1.3. Product/Service Portfolio

      10.1.4. Recent Developments

      10.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   10.2. Bosch Thermotechnology

   10.3. Bryan Boilers

   10.4. Byworth Boilers

   10.5. Cleaver-Brooks

   10.6. Cochran Ltd.

   10.7. Forbes Marshall

   10.8. Fulton Boiler Company

   10.9. Hurst Boiler & Welding Co.

   10.10. ICI Caldaie S.p.A.

   10.11. Johnston Boiler Company

   10.12. Miura America Co., Ltd.

   10.13. Parker Boiler Company

   10.14. Superior Boiler Works, Inc.

   10.15. Thermax Limited

11. Appendix

 

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A comprehensive market research approach was employed to gather and analyze data on the Fire Tube Low Temperature Industrial Boiler Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Fire Tube Low Temperature Industrial Boiler Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Fire Tube Low Temperature Industrial Boiler Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Fire Tube Low Temperature Industrial Boiler Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Fire Tube Low Temperature Industrial Boiler Market

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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