Europe Boiler Market By Fuel (Natural Gas, Oil, Coal, Electric), By Capacity (≤ 10 MMBtu/hr, > 10 - 50 MMBtu/hr, > 50 - 100 MMBtu/hr, > 100 - 250 MMBtu/hr, > 250 MMBtu/hr), By Application (Residential, Commercial {Offices, Healthcare Facilities, Edu

Europe Boiler Market By Fuel (Natural Gas, Oil, Coal, Electric), By Capacity (≤ 10 MMBtu/hr, > 10 - 50 MMBtu/hr, > 50 - 100 MMBtu/hr, > 100 - 250 MMBtu/hr, > 250 MMBtu/hr), By Application (Residential, Commercial {Offices, Healthcare Facilities, Educational Institutions, Lodgings, Retail Stores}, Industrial {Food Processing, Pulp & Paper, Chemical, Refinery, Primary Metal), COVID-19 Impact Analysis, Country Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Europe Boiler Market is anticipated to grow considerably through 2032 owing to the stringent objectives and policies set by the EU authorities to minimize the carbon footprint across several establishments. In addition, increasing initiatives across the EU nations for establishing new structures with innovative and energy-efficient systems will enhance the industry outlook.

Key players operating in the Europe boiler industry are incorporating strategic initiatives such as partnerships, mergers and acquisitions, and new product launches to strengthen their market presence. To cite an instance, in 2023, Babcock Wanson acquired Parat and PBS Power Equipment to strengthen its position in the pan-European market for the energy transition.

Overall, the Europe boiler industry is segmented in terms of capacity, fuel, application, and country.

Based on capacity, the > 50–100 MMBtu/hr capacity segment is slated to exceed over USD 4 billion valuation by 2032. The >50–100 MMBtu/hr boilers are widely used across commercial and industrial facilities, including manufacturing, primary metals, the paper and pulp industry, and refineries. The increasing development of these industries, coupled with the rising expansion of manufacturing plants, will stimulate the demand for such units in the future.

By fuel, the electric segment held over 15% market share in 2022. Increasing trend of nuclear living and strict government initiatives towards developing zero-emission technologies will positively support the industry expansion. The ongoing replacement of traditional heating systems with innovative boiler units across nations where the age of boiler stock is near to or over the average operating life, will fuel the industry potential.

Considering the application, the industrial boiler market will demonstrate considerable growth during the estimated timeframe. Rising investments across the nations for the expansion of manufacturing facilities, along with rising industrialization, will help the segment grow. Besides, increasing efforts toward minimizing the electricity demand-supply gap coupled with rapid industrialization will also favor the product deployment in the industrial sector.

As per country viewpoint, the UK boiler industry will register sturdy growth during 2023-2032. Investments made by companies operating in the nation and shifting government focus towards decarbonization will energize the industry dynamic. Besides, stringent norms and regulations imposed by the government for developing green buildings and ongoing replacement of traditional boiler systems with condensing technology will escalate business growth in the region.