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VM Intelligence · Sample preview · Energy and Power · Forecast 2027–2033
Gas-fired Steam Boilers Market
- By Boiler Type: Fire Tube Boilers, Water Tube Boilers, Electric Steam Boilers, Waste Heat Recovery Boilers
- By Pressure Range: Low Pressure Boilers, Medium Pressure Boilers, High Pressure Boilers
- By Fuel Type: Natural Gas Boilers, Liquefied Petroleum Gas (LPG) Boilers, Biogas Boilers
- By End-User Industry: Power Generation, Chemical Processing, Food & Beverage, Pharmaceuticals, Textile Manufacturing
- By Capacity: Below 5 Ton/hr, 5-15 Ton/hr, 15-30 Ton/hr, Above 30 Ton/hr
Key Highlights
A snapshot of what the full report proves- 01 Market size - $X,XXX.XM global market in 2025 - the verified base-year revenue. Executive Summary →
- 02 Forecast - Full 2033 market projection modelled inside - unlock the forecast value to see where the market lands. Market Outlook →
- 03 Growth - Year-by-year CAGR across 2027–2033 - unlock the growth rate and the full model. Market Outlook →
- 04 Leading segment - Fire Tube Boilers leads By Boiler Type at XX% share. Market, by Service Type →
- 05 Global coverage - Sized across 5 regions and 20 countries, each broken out by segment. Market, by Geography →
- 06 Competitive landscape - 16 companies profiled with SWOT, benchmarking and market-share analysis. Company Profiles →
Inside the Report
12 chapters · 293 pages- 01 Introduction Definition, segmentation & scope p.12 →
- 02 Research Methodology How the numbers were built p.20 →
- 03 Executive Summary The market in one chapter p.34 →
- 04 Market Outlook Drivers, restraints, trends p.66 →
- 11 Competitive Landscape 5 sections p.176 →
- 12 Company Profiles 16 players: SWOT & benchmarking p.184 →
Full report · locked preview
Everything inside the Gas-fired Steam Boilers Market report
A complete, evidence-based study - 12 chapters and 123 sections covering market size, segmentation across 5 axes, regional analysis and 16 company profiles, forecast to 2033.
Segmentation covered
Boiler Type 4
Pressure Range 3
Fuel Type 3
End-User Industry 5
Capacity 4
Companies profiled
Babcock & Wilcox Enterprises Inc.
Foster Wheeler AG (part of Amec Foster Wheeler)
Cleaver-Brooks Inc.
Miura Co. Ltd.
John Zink Hamworthy Combustion
Bosch Industriekessel GmbH
Viessmann Group
Hurst Boiler & Welding Company Inc.
Thermax Limited
GE Power (General Electric)
Siemens Energy
Mitsubishi Hitachi Power Systems
+4 more
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16 players profiled - tiered by revenue contribution, footprint and R&D capability.
ACE Matrix · p.153 →Babcock & Wilcox Enterprises Inc.
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.155 →Foster Wheeler AG (part of Amec Foster Wheeler)
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies · Key developments
Full profile · p.160 →Cleaver-Brooks Inc.
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.166 →Miura Co. Ltd.
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies · Key developments
Full profile · p.173 →John Zink Hamworthy Combustion
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.178 →Bosch Industriekessel GmbH
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies · Key developments
Full profile · p.184 →Viessmann Group
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.191 →Hurst Boiler & Welding Company Inc.
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.196 →Thermax Limited
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.202 →GE Power (General Electric)
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking · Segment breakdown
Full profile · p.209 →Siemens Energy
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.214 →Mitsubishi Hitachi Power Systems
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.220 →Kawasaki Heavy Industries Ltd.
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.227 →Alstom Power (now part of GE Power)
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.232 →Burnham Holdings
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.238 →Inc.
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.245 →Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Global · 2025–2033
$7,752M by 2033 · 5.0% CAGR
Market estimates & forecast (USD Million)
Fig. 15 · p.34 →Segment mix, 2033 (% share)
Fig. 16 · p.35 →- Fire Tube Boilers38.0
- Water Tube Boilers16.8
- Electric Steam Boilers21.7
- Waste Heat Recovery Boilers23.5
Regions, 2025 → 2033 (USD Mn)
§6.1 · p.75 →North America$1,727M → $2,819M · 6.3%
Europe$1,204M → $1,719M · 4.6%
Asia Pacific$1,099M → $1,675M · 5.4%
Latin America$680.3M → $1,125M · 6.5%
Middle East and Africa$523.3M → $777.7M · 5.1%
Top countries, 2033 (USD Mn)
§6.2 · p.78 →Year-over-year growth (%)
§3.12 · p.44 →4.982026
5.002027
5.012028
5.012029
5.042030
5.042031
5.052032
5.072033
CAGR by region (%)
Fig. 22 · p.71 →Market share by company, 2033 (%)
Fig. 41 · p.152 →- Babcock & Wilcox Enterprises Inc.10.2
- Foster Wheeler AG (part of Amec Foster Wheeler)32.4
- Cleaver-Brooks Inc.13.2
- Miura Co. Ltd.5.1
- John Zink Hamworthy Combustion5.0
- Bosch Industriekessel GmbH6.1
- Others28.0
Segment contribution to growth (%)
Fig. 18 · p.39 →Boiler Type12.9%
Pressure Range20.5%
Fuel Type23.2%
End-User Industry30.6%
Capacity12.8%
Competitive positioning (ACE matrix)
Fig. 40 · p.153 →Adoption & penetration (% of addressable)
Fig. 12 · p.31 →Revenue by application (USD Mn)
§5.3 · p.62 →Demand by end-use (USD Mn)
§5.4 · p.66 →Average selling price trend (index, 2025=100)
Fig. 27 · p.58 →Top companies by revenue, 2033 (USD Mn)
Fig. 42 · p.155 →Revenue by region, 2033 (%)
Fig. 20 · p.70 →- North America34.7
- Europe21.2
- Asia Pacific20.6
- Latin America13.9
- Middle East and Africa9.6
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
8 players benchmarked across 6 dimensions — scored 0–100 from share, portfolio, reach, innovation, financials and installed base. Methodology · §8.1 · p.160 →
Competitive scorecard (score 0–100)
Table 31 · p.161 →| Company | Market share | Product portfolio | Geographic reach | Innovation & R&D | Financial strength | Customer base | Composite |
|---|---|---|---|---|---|---|---|
| Babcock & Wilcox Enterprises Inc. | 75 | 90 | 90 | 96 | 82 | 97 | 88 |
| Foster Wheeler AG (part of Amec Foster Wheeler) | 85 | 74 | 87 | 78 | 74 | 71 | 78 |
| Cleaver-Brooks Inc. | 67 | 64 | 80 | 75 | 84 | 69 | 73 |
| Miura Co. Ltd. | 72 | 82 | 68 | 57 | 79 | 63 | 70 |
| John Zink Hamworthy Combustion | 53 | 70 | 60 | 53 | 73 | 58 | 61 |
| Bosch Industriekessel GmbH | 66 | 61 | 71 | 50 | 50 | 65 | 61 |
| Viessmann Group | 64 | 53 | 56 | 45 | 42 | 56 | 53 |
| Hurst Boiler & Welding Company Inc. | 46 | 43 | 55 | 45 | 51 | 50 | 48 |
Vendor positioning (presence × innovation)
Fig. 43 · p.163 →Strengths profile (top 3 players)
Fig. 44 · p.165 →- Babcock & Wilcox Enterprises Inc.
- Foster Wheeler AG (part of Amec Foster Wheeler)
- Cleaver-Brooks Inc.
Capability coverage
§8.3 · p.168 →| Company | Global delivery | R&D depth | Digital platform | Sustainability | After-sales | Custom solutions |
|---|---|---|---|---|---|---|
| Babcock & Wilcox Enterprises Inc. | ◐ | ◐ | ✓ | ✓ | ✓ | ✓ |
| Foster Wheeler AG (part of Amec Foster Wheeler) | ✓ | ◐ | ◐ | ◐ | ◐ | ✓ |
| Cleaver-Brooks Inc. | ◐ | − | ✓ | ✓ | ✓ | ✓ |
| Miura Co. Ltd. | ◐ | ◐ | − | ◐ | ◐ | − |
| John Zink Hamworthy Combustion | ◐ | ◐ | − | ◐ | ✓ | ◐ |
| Bosch Industriekessel GmbH | − | ◐ | ◐ | ◐ | − | ◐ |
| Viessmann Group | ◐ | ◐ | − | ◐ | − | − |
| Hurst Boiler & Welding Company Inc. | − | − | ◐ | ◐ | − | − |
✓ Full ◐ Partial − Limited
Overall competitive index (composite, ranked)
Fig. 45 · p.170 →1Babcock & Wilcox Enterprises Inc.88
2Foster Wheeler AG (part of Amec Foster Wheeler)78
3Cleaver-Brooks Inc.73
4Miura Co. Ltd.70
5John Zink Hamworthy Combustion61
6Bosch Industriekessel GmbH61
7Viessmann Group53
8Hurst Boiler & Welding Company Inc.48
Competitive tiers
§8.4 · p.172 →Leader2
Set the pace on share, breadth and innovation.
Babcock & Wilcox Enterprises Inc.Foster Wheeler AG (part of Amec Foster Wheeler)
Challenger2
Strong scale, closing on the leaders.
Cleaver-Brooks Inc.Miura Co. Ltd.
Contender2
Focused players with pockets of strength.
John Zink Hamworthy CombustionBosch Industriekessel GmbH
Niche2
Specialists in a single segment or region.
Viessmann GroupHurst Boiler & Welding Company Inc.
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Go-to-market strategy
Land Boiler Type in North America, then scale across Gas-fired Steam Boilers Market — a $396M beachhead inside a $5.78B market.
Beachhead (SOM)$396Mobtainable near-term
Serviceable (SAM)$2.30Breachable market
Primary motionDirect + partner-ledgo-to-market
Time to scale3 Qto full motion
Ideal customer profile (who to sell to)
§GTM 1 · p.190 →Champion89 fit
Fire Tube Boilers
Best fit — highest urgency & budget in Boiler Type.
Economic buyer76 fit
Water Tube Boilers
Strong fit — clear ROI and a fast path to value.
End user68 fit
Electric Steam Boilers
Emerging fit — growing demand, longer sales cycle.
Market-entry sequence (beachhead → scale)
Fig. GTM 1 · p.192 →Beachhead · 2025–2026
Win Boiler Type in North America
Concentrated ICP, fastest proof and references.
Expand · 2026–2028
Add Pressure Range & next regions
Repeat the motion in adjacent, look-alike segments.
Scale · 2028–2033
Full-market coverage + Fuel Type
Multi-channel, platform & ecosystem plays.
Channel mix (routes to market)
§GTM 3 · p.195 →Direct sales46%
Partner / channel29%
Digital / self-serve19%
Marketplaces6%
Positioning & messaging
§GTM 2 · p.194 →For Boiler Type leaders who need defensible market intelligence, VM Intelligence is the fastest, source-cited way to size, segment and win Gas-fired Steam Boilers Market — unlike generic, static research.
Live & source-cited
Every figure triangulated from 600K+ sources and traceable.
Ready in minutes
A full, tailored report compiled on demand — not weeks.
Scope you control
Pick the chapters, regions and companies that matter.
GTM funnel & unit economics (conversion · CAC / LTV)
Fig. GTM 2 · p.198 →Awareness100%
Marketing qualified45%
Sales qualified23%
Evaluation14%
Closed-won8%
$11.7KCAC
$59KLTV
5.0:1LTV : CAC
< 3 moCAC payback
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Investment thesis
Gas-fired Steam Boilers Market is a durable-growth opportunity — $6.05B by 2033, compounding at 7.1%.
TAM · 2025$3.50Btoday
TAM · 2033$6.05Bforecast
CAGR7.1%2027–2033
Cumulative$42.1Brevenue opportunity
Market opportunity (TAM · SAM · SOM)
Fig. 3 · p.14 →TAM$6.05BTotal addressable market
SAM$2.45BServiceable available market
SOM$424MServiceable obtainable market
Growth trajectory (USD Million)
Fig. 4 · p.16 →Why invest now
§2.1 · p.10 →7.1% CAGR
Demand compounds through 2033, outpacing GDP across Boiler Type.
Global tailwinds
North America leads today; fastest gains coming from emerging regions.
Structural shift
Adoption in Boiler Type moving from early to mainstream — durable secular demand.
Consolidation upside
16+ players, no runaway leader — room to build scale and roll up share.
Investment highlights
§2.2 · p.12 →$6.05BLarge & growingTAM by 2033 at 7.1% CAGR
$2.45BServiceable nowreachable with today’s model
$424MBeachhead winobtainable near-term share
16+Fragmented fieldplayers — consolidation runway
Return scenarios (2033 market value)
Fig. 6 · p.22 →$4.72BBear4.6% CAGR
$6.05BBase7.1% CAGR
$7.74BBull9.3% CAGR
Key risks & mitigants
§9.1 · p.180 →- Input-cost volatilityLong-term supply contracts & hedging
- Regulatory / policy shiftsDiversified exposure across 5 regions
- Technology disruptionR&D pipeline & Pressure Range optionality
- Customer concentrationBroaden installed base beyond top accounts
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Board pack · executive summary
Gas-fired Steam Boilers Market — a $1.30B market by 2033. Plan: grow share from 6.5% to 14.0%.
Market size · 2033$1.30Btotal addressable
Market CAGR8.8%2027–2033
Target share14.0%from 6.5% today
Revenue ambition$183Mby 2033
Strategic scorecard (current vs 2033 target)
Table 1 · p.6 →| Objective | Current | Target · 2033 | Status |
|---|---|---|---|
| Market share | 6.5% | 14.0% | On track |
| Revenue | $77M | $183M | On track |
| Geographic coverage | 2 of 5 regions | 5 of 5 regions | Behind |
| Segment coverage | 3 of 5 axes | 5 of 5 axes | On track |
| Gross margin | 34.9% | 44.7% | On track |
| Customer retention | 91.4% | 96.8% | Behind |
Where to play (strategic priorities)
§1.2 · p.8 →1
Lead segment
Win in Boiler Type
Largest revenue pool and fastest secular demand — concentrate to build share here first.
2
Geographic
Expand across North America & beyond
Deepen the leading region, then scale into the fastest-growing emerging markets.
3
Adjacency
Build Pressure Range capability
A defensible second engine — invest in Pressure Range to widen the moat and cross-sell.
Strategic roadmap (2025–2033)
Fig. 1 · p.10 →Phase 1 · Foundation
2025–2027
- Secure core Boiler Type share
- Fix unit economics
- Stand up data & ops
Phase 2 · Scale
2028–2030
- Enter new regions
- Launch Pressure Range
- Selective M&A
Phase 3 · Lead
2031–2033
- Category leadership
- Premium mix & margin
- Platform & ecosystem
Board decisions & asks
§1.4 · p.14 →- Approve $24M capacity & capability investment
- Greenlight bolt-on M&A in Pressure Range
- Authorise North America expansion plan
- Fund R&D program for Boiler Type leadership
Risk watchlist (RAG)
§9 · p.180 →- Demand / macro slowdownOn track
- Competitive share lossAt risk
- Input-cost & supply riskOn track
- Regulatory / policy changeAt risk
- Execution & talentBehind
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Sales deck · value proposition
Win the Gas-fired Steam Boilers Market conversation — a $3.33B market you can size, segment and defend in minutes.
Market size · 2033$3.33Btotal opportunity
Growth3.3%CAGR to 2033
Addressable buyers1,597+accounts in scope
Typical ROI5.2×in year one
Who buys (target personas)
§1.1 · p.4 →Product / BU leader
Head of Boiler Type
Goal Grow share in Boiler Type
Pain Blind spots on demand, pricing & competitors.
Regional GM
North America lead
Goal Prioritise the right markets
Pain No granular, country-level view of the market.
M&A / strategy
Strategy & Corp Dev
Goal Find where to invest or acquire
Pain Slow, inconsistent third-party research.
From pain to solution
§1.2 · p.6 →Decisions made on stale, generic dataLive, source-cited figures, continuously updated
Weeks waiting on a research vendorA full report compiled in minutes
No view of competitors or whitespaceCompany profiles, ACE matrix & benchmarking
Hard to defend the numbers internallyEvery figure traceable to its original source
The business case (ROI)
Fig. 2 · p.9 →5.2×return on cost, year one
< 2 mopayback period
$51K+research cost avoided
10×faster than a custom study
Time to insight
Cost to run
Risk of a wrong call
Why buyers trust it (proof points)
§1.3 · p.12 →600K+source studies indexed
100%analyst-reviewed
16+players profiled in this market
Coverage includes
Babcock & Wilcox Enterprises Inc.Foster Wheeler AG (part of Amec Foster Wheeler)Cleaver-Brooks Inc.Miura Co. Ltd.John Zink Hamworthy CombustionBosch Industriekessel GmbHViessmann GroupHurst Boiler & Welding Company Inc.+8 more
Objection handling
§1.4 · p.14 →“We already have market data.”
This triangulates 600K+ sources into one current, defensible view — not another silo.
“How do we know it’s accurate?”
Analyst-reviewed, and every figure is source-cited and traceable to its origin.
“It’s not in the budget.”
A fraction of a single analyst-day — and it pays back on the first decision it informs.
“We need it tailored to us.”
Choose the chapters, regions and companies before you build — you only pay for scope.
What you get (packages)
§1.5 · p.16 →Report
- Full multi-chapter report
- Market size, share & forecast
- Segment & regional breakdowns
- PDF + editable Excel + PPT
Most popular
Report + Add-ons
- Everything in Report
- Interactive Visualizer
- Competitive benchmarking
- Investor / board / sales decks
Enterprise
- Multiple reports & markets
- Team seats & sharing
- Analyst support & custom scope
- API / data-feed options
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