The steam boiler systems market is estimated to witness a CAGR of 4.85% to reach US$16.116 billion in 2024 from US$12.129 billion in 2018. Steam boiler systems are devices that are used to create steam by applying heat energy to water. Steam boilers are primarily used for generating power in steam engines or steam turbines. Rising demand for energy across the world is expected to create a positive impact on the uptake of steam boiler systems.

Steam boiler systems can be either a water tube boiler or a fire tube boiler. These boiler systems are used in many industries such as refineries, power plants, and others. Steam boilers are also used as generators to produce electricity. The growing adoption of a steam boiler system, owing to the rapidly increasing demand for electricity is a major factor expected to drive the growth of the global steam boiler system market in the near future.

The steam boiler system market has been analyzed through the following segments are By Product Type, By Fuel Type, By End Users, And By Geography