- ABB
- Eaton
- Itron Inc.
- Mitsubishi Electric Corporation
- NARI Technology Co., Ltd
- S&C Electric Company
- Schneider Electric SE
- Schweitzer Engineering Laboratories, Inc.
- Siemens
- Toshiba Corporation
- Trilliant Holdings Inc.
- Xylem
1. Industrialization and Energy Demand in Emerging Markets
Rising industrialization in developing nations such as India, Brazil, and Indonesia is driving demand for industrial boilers. These boilers are essential for energy-intensive industries like chemical, food & beverage, cement, and steel. As these economies expand their manufacturing bases, demand for process heating, power generation, and steam applications increases, directly boosting boiler sales and installations.
2. Shift Toward Energy Efficiency and Emission Control
Stricter environmental regulations and growing awareness about carbon emissions are influencing the design and adoption of energy-efficient and low-emission boilers. There is increasing preference for condensing boilers, waste-heat recovery units, and biomass-fired systems. Industries are investing in retrofitting or upgrading older systems to comply with new emission norms, particularly in Europe and North America, driving replacement demand and innovation in boiler technologies.