India Boiler Market Size, Share, Growth and Forecast 2033

India Boiler Market Size, Share, Trends and Forecast by Boiler Type, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30349

India Boiler Market Overview:

The India boiler market size reached USD 1.46 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.57 Billion by 2033, exhibiting a growth rate (CAGR) of 10.40% during 2025-2033. Industrial expansion, rising power demand, government policies, technological advancements, and infrastructure growth are influencing the India boiler market share because of the escalating demand for high-efficiency, energy-intensive, and modern boiler systems across various industries.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1.46 Billion
Market Forecast in 2033	USD 3.57 Billion
Market Growth Rate (2025-2033)	10.40%

India Boiler Market Trends:

Growing Industrial Expansion

Industrial expansion is catalyzing the India boiler market outlook by increasing demand across multiple sectors. Manufacturing, chemical, and power industries require efficient boilers for steam generation and heating applications. Growing industrialization under initiatives like ‘Make in India’ is encouraging investments in large-scale production facilities. These industries need high-capacity boilers to support continuous operations and enhance productivity. The rapid growth of sectors such as textiles, pharmaceuticals, and food processing are further accelerating boiler adoption. The Ministry of Food Processing Industries approved 41 Mega Food Parks, 399 Cold Chain projects, 76 Agro-Processing Clusters, 588 Food Processing Units, 61 projects for Backward & Forward Linkages, and 52 Operation Green projects under PMKSY, catalyzing the demand for industrial boilers. Expanding industrial hubs and special economic zones (SEZs) are creating a strong market for advanced boiler systems. Rising foreign direct investments (FDI) in manufacturing and process industries are fueling demand for energy-efficient boilers. Industrial plants are upgrading to modern boilers to comply with energy efficiency and environmental regulations. Increasing construction of industrial parks and factories is necessitating reliable steam and power generation solutions. Adoption of automation and Industry 4.0 technologies is driving the need for high-performance industrial boilers.

India Boiler Market Size

Rising Power Demand

The growing electricity consumption from industries, households, and commercial sectors is advancing investments in power generation. Thermal power plants, which dominate India’s energy mix, require high-capacity boilers for steam and electricity production. Expanding urbanization and industrialization are contributing to higher energy needs, necessitating advanced and efficient boiler systems. Government initiatives to enhance power infrastructure are also strengthening the installation of new thermal power plants. In February 2025, THDC India Limited (THDCIL) officially began commercial operations of a 660-megawatt (MW) unit at the Khurja Super Thermal Power Plant (STPP) in Bulandshahr (Uttar Pradesh), signifying its foray into the thermal energy sector and increasing demand for high-performance boilers. Moreover, the escalating demand for uninterrupted electricity supply is encouraging investments in supercritical and ultra-supercritical boilers, which further propels the India boiler market growth. Renewable energy integration requires stable backup power, supporting the use of efficient steam boilers. Rising coal-based and gas-based power projects are creating a steady demand for industrial boiler systems. Upgradation of existing thermal plants is driving the replacement of outdated boilers with energy-efficient models. Expansion of data centers and IT hubs is increasing electricity consumption, leading to higher boiler installations. Growing electrification in rural areas is further amplifying the need for consistent power generation capacity.

India Boiler Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on boiler type and end user.

Boiler Type Insights:

Hot Water Boilers
Gas Boiler
Steam Water Boilers

The report has provided a detailed breakup and analysis of the market based on the boiler type. This includes hot water boilers, gas boiler, and steam water boilers.

End User Insights:

Residential
Commercial
Industrial

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes residential, commercial, and industrial.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Boiler Market News:

In September 2024, Thermax, a leading provider of energy and environmental solutions, presented a diverse range of innovative technologies at Boiler India 2024, held from September 25 to 27, 2024, at the CIDCO Exhibition Centre in Navi Mumbai.
In September 2024, Boiler India 2024, held from September 25-27 at CIDCO Exhibition Centre, Navi Mumbai, showcased advanced boiler technologies, pressure vessels, and energy solutions. With 258 exhibitors and 24,000+ visitors, the event featured seminars, panel discussions, and awards, fostering innovation and networking in India's boiler industry, highlighting sustainability, efficiency, and regulatory advancements.

India Boiler Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Boiler Type End User Region
Boiler Types Covered	Hot Water Boilers, Gas Boiler, Steam Water Boilers
End Users Covered	Residential, Commercial, Industrial
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India boiler market performed so far and how will it perform in the coming years?
What is the breakup of the India boiler market on the basis of boiler type?
What is the breakup of the India boiler market on the basis of end user?
What are the various stages in the value chain of the India boiler market?
What are the key driving factors and challenges in the India boiler market?
What is the structure of the India boiler market and who are the key players?
What is the degree of competition in the India boiler market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India boiler market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India boiler market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India boiler industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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