*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Boiler Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global boiler insurance market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 14% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Boiler insurance refers to a type of insurance designed to cover the damages and losses caused by explosions inside or outside the boiler. A boiler is a steel pressure vessel in which fluids are heated at extremely high temperatures to generate steam or vapor. The vapors exit the boiler for use in various processes or heating applications, including water heating, central heating, boiler-based power generation, cooking and sanitation. The insurance provides coverage for the physical damages and financial loss incurred by repairing or replacing the damaged equipment after the breakdown. The insurance also covers the cost of replacing perishable goods, which are spoiled due to the failed equipment.

Boiler Insurance Market Trends:

Rapid digitization in the insurance sector, along with increasing requirement for reducing the maintenance and repairing costs associated with boilers and other equipment, is one of the key factors driving the growth of the market. Moreover, small and medium-sized enterprises are expanding their businesses and relying more on third-party liability coverage solutions to mitigate their risks and losses, which is providing a thrust to the market growth. Insurance providers are introducing novel strategies and policies to increase revenue and enhance the overall customer experience. Additionally, various technological advancements, such as the integration of connected devices with voice-enabled troubleshooting services, are acting as other growth-inducing factors. These novel solutions enable the consumers to use advanced artificial intelligence (AI)-based services to connect directly with the organization and seek redressal in real-time. Other factors, including rapid industrialization, along with the advent of insurance policies with cost-effective premium rates, are acting as other growth-inducing factors.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global boiler insurance market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, boiler type, boiler fuel, coverage type and end user.

Breakup by Boiler Type:

  • Fire-Tube 
  • Water-Tube
     

Breakup by Boiler Fuel:

  • Natural Gas
  • Coal
  • Oil 
  • Others
     

Breakup by Coverage Type:

  • Boiler Cover
  • Boiler and Central Heating Cover 
  • Boiler, Central Heating, Plumbing and Wiring Cover
     

Breakup by End User:

  • Chemicals
  • Refineries
  • Metal and Mining
  • Food and Beverages 
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aviva plc, Axa S.A., Bosch Thermotechnology Ltd. (Robert Bosch GmbH), British Gas (Centrica PLC), CORGI HomePlan Ltd (OVO Group Ltd), Domestic & General Group Limited, Future Generali India Insurance Co. Ltd., HomeServe Membership Ltd., Tata AIG General Insurance Company Limited (Tata Sons Private Limited), The Hartford Steam Boiler Inspection and Insurance Company and YourCare Services Ltd.

Key Questions Answered in This Report:

  • How has the global boiler insurance market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global boiler insurance market?
  • What are the key regional markets?
  • What is the breakup of the market based on the boiler type?
  • What is the breakup of the market based on the boiler fuel?
  • What is the breakup of the market based on the coverage type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global boiler insurance market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Boiler Insurance Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Boiler Type
    6.1    Fire-Tube
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Water-Tube
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Boiler Fuel
    7.1    Natural Gas
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Coal
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Oil 
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Coverage Type
    8.1    Boiler Cover
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Boiler and Central Heating Cover 
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Boiler, Central Heating, Plumbing and Wiring Cover
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by End User
    9.1    Chemicals
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Refineries
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Metal and Mining
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Food and Beverages 
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Aviva plc
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Axa S.A.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Bosch Thermotechnology Ltd. (Robert Bosch GmbH)
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    British Gas (Centrica PLC)
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    CORGI HomePlan Ltd (OVO Group Ltd)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Domestic & General Group Limited
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 SWOT Analysis
        15.3.7    Future Generali India Insurance Co. Ltd.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    HomeServe Membership Ltd.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Tata AIG General Insurance Company Limited (Tata Sons Private Limited)
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    The Hartford Steam Boiler Inspection and Insurance Company
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    YourCare Services Ltd
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Boiler Insurance Market: Major Drivers and Challenges
Figure 2: Global: Boiler Insurance Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Boiler Insurance Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Boiler Insurance Market: Breakup by Boiler Type (in %), 2020
Figure 5: Global: Boiler Insurance Market: Breakup by Boiler Fuel (in %), 2020
Figure 6: Global: Boiler Insurance Market: Breakup by Coverage Type (in %), 2020
Figure 7: Global: Boiler Insurance Market: Breakup by End User (in %), 2020
Figure 8: Global: Boiler Insurance Market: Breakup by Region (in %), 2020
Figure 9: Global: Boiler Insurance (Fire-Tube) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Boiler Insurance (Fire-Tube) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Boiler Insurance (Water-Tube) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Boiler Insurance (Water-Tube) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Boiler Insurance (Natural Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Boiler Insurance (Natural Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Boiler Insurance (Coal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Boiler Insurance (Coal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Boiler Insurance (Oil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Boiler Insurance (Oil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Boiler Insurance (Other Boiler Fuels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Boiler Insurance (Other Boiler Fuels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Boiler Insurance (Boiler Cover) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Boiler Insurance (Boiler Cover) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Boiler Insurance (Boiler and Central Heating Cover) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Boiler Insurance (Boiler and Central Heating Cover) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Boiler Insurance (Boiler, Central Heating, Plumbing and Wiring Cover) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Boiler Insurance (Boiler, Central Heating, Plumbing and Wiring Cover) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Boiler Insurance (Chemicals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Boiler Insurance (Chemicals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Boiler Insurance (Refineries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Boiler Insurance (Refineries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Boiler Insurance (Metal and Mining) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Boiler Insurance (Metal and Mining) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Boiler Insurance (Food and Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Boiler Insurance (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Boiler Insurance (Other End Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Boiler Insurance (Other End Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: North America: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: North America: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: United States: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: United States: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Canada: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Canada: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Asia-Pacific: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Asia-Pacific: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: China: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: China: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Japan: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Japan: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: India: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: India: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: South Korea: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: South Korea: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Australia: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Australia: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Indonesia: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Indonesia: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Others: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Others: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Europe: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Europe: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Germany: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Germany: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: France: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: France: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: United Kingdom: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: United Kingdom: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Italy: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Italy: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Spain: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Spain: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Russia: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Russia: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Others: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Others: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Latin America: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Latin America: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Brazil: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Brazil: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Mexico: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Mexico: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Others: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Others: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Middle East and Africa: Boiler Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Middle East and Africa: Boiler Insurance Market: Breakup by Country (in %), 2020
Figure 85: Middle East and Africa: Boiler Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Global: Boiler Insurance Industry: SWOT Analysis
Figure 87: Global: Boiler Insurance Industry: Value Chain Analysis
Figure 88: Global: Boiler Insurance Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Boiler Insurance Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Boiler Insurance Market Forecast: Breakup by Boiler Type (in Million US$), 2021-2026
Table 3: Global: Boiler Insurance Market Forecast: Breakup by Boiler Fuel (in Million US$), 2021-2026
Table 4: Global: Boiler Insurance Market Forecast: Breakup by Coverage Type (in Million US$), 2021-2026
Table 5: Global: Boiler Insurance Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 6: Global: Boiler Insurance Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Boiler Insurance Market: Competitive Structure
Table 8: Global: Boiler Insurance Market: Key Players

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