Global Boiler Market Share

Statistics for the 2023 & 2024 Global Boiler market share, created by Mordor Intelligence™ Industry Reports. Global Boiler share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Global Boiler Industry

Top manufacturers dominate the Global boiler market, which is highly concentrated. Due to technological improvements, industry players seek to enhance their market share by developing new products and improving existing product lines.

  • August 2021 - Baxi, part of the BDR Thermea Group, showcases its hydrogen boiler in the UK's first hydrogen house. Two homes in Low Thornley, near Gateshead, demonstrated the usage of hydrogen-powered equipment in a real-world situation. Baxi has invited housing providers to see their boiler in action. Baxi Heating has vowed to develop exclusively low-carbon energy-compatible products by 2025, which implies that gas boilers will be 'hydrogen-ready' and simply convertible to function with hydrogen.
  • July 2021 - Kawasaki Thermal Engineering (KTE) launched high-efficiency type of once-through boilers from the "IF" and "WILLHEAT" series for the international market. The "IF series" and "WILLHEAT" boilers have a 99 percent efficiency rating and significant energy savings. The "IF series" reaches 99 percent boiler efficiency thanks to a newly constructed high-performance economizer. "WILLHEAT," a steam boiler with a heated surface of less than 10m2, also achieves a high boiler efficiency of 99 percent, and models with equivalent evaporation of 2,500 kg/h and 3,000 kg/h are newly offered.

Boiler Market Leaders

  1. Mitsubishi Power, Ltd.

  2. Valliant Group

  3. Thermax Limited

  4. A. O. Smith Corporation

  5. Weil-McLain

*Disclaimer: Major Players sorted in no particular order

Mitsubishi Power, Ltd, Valliant Group, Thermax Limited, A. O. Smith Corporation, Weil-McLain

Boiler Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)