The growth of the steam boiler system market is mainly driven by the increased usage of steam boilers across various end-user industries such as power generation, oil & gas, chemical, process industries, and metal and mining.

Steam Boiler System Market by Component, Type, Fuel, End-user, and Region- Global Forecast to 2023

The steam boiler system market is expected to grow from an estimated USD 17.66 billion in 2018 to USD 21.63 billion by 2023, at a CAGR of 4.13%.

Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region

The increasing number of manufacturing and process industry specifically in Asia Pacific is also increasing the demand of steam boiler systems.