Gas Fired Boiler Market By Fuel Type (Natural Gas, Propane, LPG), By Capacity (Below 1 MW, 1-5 MW, 5-10 MW, 10-20 MW, Above 20 MW), By Boiler Type (Fire Tube, Water Tube, Combi-Boilers, Condensing Boilers), By Technology (Conventional Technology, High Efficiency Technology, Hybrid Technology), By End-Use Industry (Residential, Commercial, Industrial, Power Generation, Food & Beverage, Oil & Gas), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Gas Fired Boiler Market was valued at USD 5.9 billion in 2023 and will surpass USD 8.1 billion by 2030; growing at a CAGR of 4.7% during 2024 - 2030.

The gas-fired boiler market is witnessing steady growth driven by the rising demand for efficient, cost-effective, and environmentally friendly heating solutions across various industries. Gas-fired boilers are widely used for heating purposes in residential, commercial, and industrial sectors, as well as for power generation. With the ongoing emphasis on reducing carbon emissions and adopting cleaner energy sources, natural gas has emerged as a preferred fuel type due to its lower environmental impact compared to coal or oil-based alternatives.

The market is supported by increasing demand from industries such as food and beverage, oil and gas, and power generation, where efficient heating and steam generation are crucial for operations. Furthermore, the growing adoption of advanced boiler technologies, such as high-efficiency and hybrid systems, is contributing to the market’s expansion by offering improved energy efficiency and reduced operational costs.

Natural Gas Leads the Fuel Type Segment for Cost-Effectiveness and Environmental Benefits

Natural gas remains the dominant fuel type in the gas-fired boiler market due to its cost-effectiveness and lower carbon footprint compared to other fuels such as coal and oil. The availability of natural gas infrastructure in many regions, coupled with its relatively low cost and efficiency in combustion, makes it the most popular choice for industrial and residential heating systems. Natural gas-fired boilers also offer the benefit of producing fewer emissions, making them a more environmentally friendly option compared to traditional fuel types.

While natural gas is the leading fuel type, other fuels like propane, LPG, and biofuels are gaining traction in certain regions where natural gas infrastructure is limited. Propane and LPG are commonly used in areas where natural gas is not available or in smaller-scale operations that require portable energy solutions.

1-5 MW Capacity Boilers Are Most Commonly Used in Commercial and Industrial Applications

Gas-fired boilers in the 1-5 MW capacity range are the most commonly used across various industries, particularly in commercial and industrial sectors. This range of capacity is ideal for medium-sized applications where a balance between energy output, efficiency, and installation costs is required. For commercial buildings, hotels, hospitals, and smaller industrial operations, the 1-5 MW capacity is sufficient to meet their heating and hot water demands.

For larger industrial operations or power generation facilities, gas-fired boilers with higher capacities—such as those in the 5-10 MW, 10-20 MW, and above 20 MW ranges—are utilized. These higher-capacity boilers are used for large-scale heating systems, steam generation, and power production where more significant energy output is required.

Fire Tube Boilers Continue to Lead the Boiler Type Segment Due to Their Simplicity and Versatility

Fire tube boilers are the most widely adopted boiler type in the gas-fired boiler market. They are characterized by their simple design and reliable operation, which makes them ideal for small to medium-scale applications. Fire tube boilers are particularly popular in residential and commercial settings due to their compact size, ease of installation, and low maintenance requirements. They are commonly used for hot water and space heating applications.

Water tube boilers, while used in larger-scale applications due to their higher pressure and efficiency, hold a smaller share of the market compared to fire tube boilers. Water tube boilers are commonly used in industries such as power generation, oil and gas, and large-scale manufacturing, where high-pressure steam generation is essential. Combi-boilers and condensing boilers, which provide both heating and hot water supply, are becoming increasingly popular due to their energy efficiency and compact size, making them suitable for residential and smaller commercial applications.

High-Efficiency Technology Segment is Growing Rapidly

The market for high-efficiency gas-fired boilers is growing as businesses and homeowners alike seek ways to reduce energy consumption and lower heating costs. High-efficiency boilers use advanced technology to capture and utilize more heat from the combustion process, which results in lower fuel consumption and reduced emissions. As energy efficiency regulations tighten globally, the demand for high-efficiency boilers is expected to rise.

Hybrid technology boilers, which combine traditional heating methods with renewable energy sources like solar or heat pumps, are also gaining popularity. These systems offer enhanced energy efficiency and help reduce the carbon footprint, making them particularly appealing to industries and consumers seeking to meet sustainability goals.

Industrial and Power Generation Sectors Are Major End-Use Industries for Gas-Fired Boilers

The industrial sector is a major consumer of gas-fired boilers, where they are used for process heating, steam generation, and power generation. Industries such as food and beverage, chemical manufacturing, oil and gas, and pulp and paper rely heavily on efficient heating solutions to support their operations. Gas-fired boilers are ideal for these applications as they offer quick response times, reliability, and fuel flexibility.

The power generation industry also plays a significant role in the gas-fired boiler market. Gas-fired boilers are used in thermal power plants to generate steam, which drives turbines for electricity generation. As the demand for cleaner energy sources increases, gas-fired boilers are being favored over coal-fired boilers in many power generation facilities due to their lower emissions and operational efficiency. Residential and commercial applications, though smaller in scale, are also growing rapidly, as more consumers opt for gas-fired boilers for heating and hot water needs due to their cost-effectiveness and environmental benefits.

North America Dominate the Gas-Fired Boiler Market

In the North American gas-fired boiler market, the United States holds a significant share, driven by the country’s extensive natural gas infrastructure and its increasing shift towards cleaner energy sources. Natural gas-fired boilers are the preferred choice across various industries, including food and beverage, oil and gas, and power generation, due to their cost-effectiveness and lower environmental impact.

The growing demand for high-efficiency technologies is a key trend in the U.S. market, as industries look for ways to reduce energy consumption and meet stricter environmental regulations. In addition, hybrid gas-fired boiler systems that combine traditional heating methods with renewable energy sources are becoming increasingly popular in both industrial and residential applications.

The residential and commercial sectors in North America are also contributing to market growth, as more consumers opt for energy-efficient gas-fired boilers to meet heating and hot water needs. With the continued expansion of natural gas infrastructure and rising adoption of sustainable technologies, North America is expected to remain a key market for gas-fired boilers.

Competitive Landscape and Key Players

The gas-fired boiler market is highly competitive, with several established players leading the industry. Key players include Bosch Thermotechnology, Viessmann Group, Babcock & Wilcox, Doosan Heavy Industries & Construction, and Fulton Boiler Works, Inc. These companies are focusing on product innovation, expanding their product portfolios, and improving the efficiency and sustainability of their offerings.

Strategic collaborations, acquisitions, and investments in R&D are key strategies employed by market players to enhance their product offerings and strengthen their market position. Manufacturers are also focusing on providing custom solutions to cater to specific customer needs across different sectors.

Recent Developments:

• In December 2024, Bosch Thermotechnology unveiled a new line of high-efficiency gas-fired boilers aimed at reducing fuel consumption in residential and commercial applications.
• In November 2024, Viessmann launched an innovative gas-fired combi-boiler with integrated smart controls for improved performance and energy savings.
• In October 2024, Cleaver-Brooks introduced a new range of gas-fired water tube boilers designed for industrial and power generation use, focusing on reducing emissions.
• In September 2024, Thermax Limited expanded its portfolio of gas-fired boilers with high-efficiency, low-emission models tailored for food processing industries.
• In August 2024, Alfa Laval announced a partnership with a leading energy company to develop hybrid gas-fired boiler solutions for large-scale industrial applications.

List of Leading Companies:

• Bosch Thermotechnology
• Viessmann
• Cleaver-Brooks
• Fulton Boiler Works, Inc.
• Thermax Limited
• Alfa Laval
• Hurst Boiler & Welding Co., Inc.
• Babcock & Wilcox
• Rentech Boilers
• Miura America Co., Ltd.
• NTI Boilers
• Weishaupt
• Parker Boiler Company
• Industrial Boiler & Mechanical Inc.
• Spirax Sarco

Report Scope: