Product Code: ETC050409 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Industrial Boilers Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 2.54% in 2025, growth builds up to 4.46% by 2029.
Philippines's Industrial Boilers market is anticipated to experience a stable growth rate of 3.64% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
The industrial boilers market in the Philippines is expected to experience significant growth over the forecast period of 2025-2031. This growth can be attributed to increasing demand from various industries, such as food and beverages, chemical processing, oil and gas production, power generation, and paper industry. The rising population has also led to an increase in energy consumption which further supports the need for industrial boilers. Additionally, government initiatives such as investments in renewable energy sources have also contributed to market growth.
The growing demand from various industries such as food & beverage processing, chemical processing industry , oil & gas production facilities , power generation plants and paper manufacturing units are some of the major drivers for the growth of this market . These industries require efficient heating systems for their operations which include boiling water or other liquids . Boilers are therefore used extensively in these applications
Industrial boilers come with a hefty price tag due to its high installation cost making it difficult for small scale businesses or companies who wish to invest into modernizing their operations with better efficiency solutions but cannot afford it
Major players operating in this market include Mitsubishi Heavy Industries Ltd., IHI Corporation , Hitachi Ltd., Babcock& Wilcox Enterprises Inc., John Wood Group PLC (Amec Foster Wheeler), Yanmar Co.,Ltd., Kawasaki Heavy Industries Ltd., Thermax Limited , Fulton Companies LLC among others. All these players have established themselves as key providers of advanced boiler solutions through product innovation and technological advancements along with strategic collaborations/partnerships across different geographies enabling them gain competitive edge over each other???s offerings
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Industrial Boilers Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Industrial Boilers Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Industrial Boilers Market - Industry Life Cycle |
3.4 Philippines Industrial Boilers Market - Porter's Five Forces |
3.5 Philippines Industrial Boilers Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Philippines Industrial Boilers Market Revenues & Volume Share, By Boiler Type, 2021 & 2031F |
3.7 Philippines Industrial Boilers Market Revenues & Volume Share, By Boiler Horsepower, 2021 & 2031F |
3.8 Philippines Industrial Boilers Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Philippines Industrial Boilers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and urbanization in the Philippines leading to higher demand for industrial boilers. |
4.2.2 Government initiatives and policies promoting energy efficiency and sustainable industrial practices. |
4.2.3 Growing investments in key industries such as food processing, chemical, and manufacturing driving the need for industrial boilers. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing industrial boilers. |
4.3.2 Fluctuating prices of raw materials impacting the manufacturing and operating costs of industrial boilers. |
4.3.3 Lack of skilled labor for the maintenance and operation of industrial boilers. |
5 Philippines Industrial Boilers Market Trends |
6 Philippines Industrial Boilers Market, By Types |
6.1 Philippines Industrial Boilers Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Industrial Boilers Market Revenues & Volume, By Fuel Type, 2021-2031F |
6.1.3 Philippines Industrial Boilers Market Revenues & Volume, By Natural Gas & Biomass, 2021-2031F |
6.1.4 Philippines Industrial Boilers Market Revenues & Volume, By Coal, 2021-2031F |
6.1.5 Philippines Industrial Boilers Market Revenues & Volume, By Oil, 2021-2031F |
6.1.6 Philippines Industrial Boilers Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Industrial Boilers Market, By Boiler Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Industrial Boilers Market Revenues & Volume, By Fire-tube, 2021-2031F |
6.2.3 Philippines Industrial Boilers Market Revenues & Volume, By Water-tube, 2021-2031F |
6.3 Philippines Industrial Boilers Market, By Boiler Horsepower |
6.3.1 Overview and Analysis |
6.3.2 Philippines Industrial Boilers Market Revenues & Volume, By 10-150 BHP, 2021-2031F |
6.3.3 Philippines Industrial Boilers Market Revenues & Volume, By 151-300 BHP, 2021-2031F |
6.3.4 Philippines Industrial Boilers Market Revenues & Volume, By 301-600 BHP, 2021-2031F |
6.4 Philippines Industrial Boilers Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Philippines Industrial Boilers Market Revenues & Volume, By Chemical, 2021-2031F |
6.4.3 Philippines Industrial Boilers Market Revenues & Volume, By Food, 2021-2031F |
6.4.4 Philippines Industrial Boilers Market Revenues & Volume, By Refineries, 2021-2031F |
6.4.5 Philippines Industrial Boilers Market Revenues & Volume, By Metals & Mining, 2021-2031F |
6.4.6 Philippines Industrial Boilers Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Industrial Boilers Market Import-Export Trade Statistics |
7.1 Philippines Industrial Boilers Market Export to Major Countries |
7.2 Philippines Industrial Boilers Market Imports from Major Countries |
8 Philippines Industrial Boilers Market Key Performance Indicators |
8.1 Energy efficiency ratings of industrial boilers installed in the Philippines. |
8.2 Number of new industrial projects or expansions in key industries using industrial boilers. |
8.3 Adoption rate of renewable energy sources as a supplementary fuel for industrial boilers in the Philippines. |
9 Philippines Industrial Boilers Market - Opportunity Assessment |
9.1 Philippines Industrial Boilers Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Philippines Industrial Boilers Market Opportunity Assessment, By Boiler Type, 2021 & 2031F |
9.3 Philippines Industrial Boilers Market Opportunity Assessment, By Boiler Horsepower, 2021 & 2031F |
9.4 Philippines Industrial Boilers Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Philippines Industrial Boilers Market - Competitive Landscape |
10.1 Philippines Industrial Boilers Market Revenue Share, By Companies, 2024 |
10.2 Philippines Industrial Boilers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |