How big is the Steam Generator Market | Industry Analysis, Trends & Forecast 2031

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Code: MTA9262

Publication Date: Sep 2025

What is the size of Steam Generator Market?

According to 6Wresearch internal database and industry insights, the Steam Generator Market was valued at USD 3.5 Billion in 2024 and is expected to reach USD 5.2 Billion by 2031, growing at a CAGR of 5.5% during 2025-2031.

The main drivers for this growth are the growing demand for energy-efficient solutions, increased industrialization, and a rising need for steam generation in various industries, including power, chemicals, and food processing.

Growth Factors for Steam Generator Industry

More industries are adopting energy-efficient systems.
A rise in infrastructure and industrialization will require steam generation.
Steam generation in the food and beverage processing industry for sterilizing and cooking is growing steadily.
Power plants are demanding more steam generation for improved energy efficiency.
There have been immense developments in steam generation systems to improve energy consumption.

Steam Generator Market Trends

The Steam Generator Market is driven by changing preferences and technology trends. Trends create new boundaries in the market, allowing the market to refocus on sustainability, efficiency, and convenience. The important trends that support the market development in steam generators are an increasing demand for modular, compact steam generators by many industries, and a need for sustainability and energy-efficient solutions including automatic control and digital controls.

Emerging Developments in the Steam Generator Market

The Steam Generator Market currently continues to experience emerging developments, as recent developments show a shift toward energy-efficient and low-carbon steam generators. Companies are also interested, in addition to utilizing green fuels, in using advanced monitoring systems and controls to minimize emissions and total performance. In addition, there are efforts to design modular designs that help with installation and maintenance. These companies continue to work on ways to develop various industrial applications.