Global Boiler Retrofit Services Market Report 2024

Boiler Retrofit Services Global Market Report 2024 – By Type (Boiler Repair, Boiler Upgrade, Boiler Replacement), By Service (Outsourced, In-house), By Application (Industrial, Ships, Public Utility, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Boiler Retrofit Services Global Market Report 2024

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Boiler Retrofit Services Market Definition

Boiler retrofit services refer to the process of upgrading or altering current boiler systems to boost their efficiency, functionality, safety, and adherence to environmental standards. These services involve adding new parts, such as burners, control units, and heat recovery systems, or designing changes to optimize the boiler's operation and prolong its life.

The main types in the boiler retrofit services market are boiler repair, boiler upgrade, and boiler replacement. Boiler repair refers to the process of diagnosing, fixing, and restoring a malfunctioning or broken boiler to proper working condition. The various services include outsourced and in-house, and several applications including industrial, ships, public utility, and others.

Boiler Retrofit Services Market Segmentation

The boiler retrofit services market covered in this report is segmented –

1) By Type: Boiler Repair, Boiler Upgrade, Boiler Replacement

2) By Service: Outsourced, In-house

3) By Application: Industrial, Ships, Public Utility, Other Applications

Global Boiler Retrofit Services Market Size 2023 to 2028: Graph

Boiler Retrofit Services Market Size 2024 And Growth Rate

The boiler retrofit services market size has grown rapidly in recent years. It will grow from $0.74 billion in 2023 to $0.83 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The growth in the historic period can be attributed to rise in need for energy efficiency improvements, stringent environmental regulations, rise in aging infrastructure, rise in fuel costs, rise in government incentives for green initiatives, and rise in focus on sustainability.

Boiler Retrofit Services Market Growth Forecast

The boiler retrofit services market size is expected to see rapid growth in the next few years. It will grow to $1.39 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increasing environmental regulations, rising energy efficiency demands, aging industrial infrastructure, growing focus on sustainability, expanding industrial activities, and rising need for cost-effective energy solutions. Major trends in the forecast period include advancements in energy efficiency technologies, adoption of digital control systems, integration of AI for predictive maintenance, enhanced emission reduction solutions, adoption of renewable fuel retrofits, adoption of modular retrofit kits, and customized retrofit solutions tailored to specific industry needs.

Boiler Retrofit Services Market Driver: Increasing Industrialization Boosts Boiler Retrofit Services

The rapid industrialization is expected to propel the growth of the boiler retrofit services market going forward. Industrialization refers to the process by which an economy transforms from primarily agricultural-based to one dominated by manufacturing and industrial activity. The rapid industrialization is due to rising global demand for manufactured goods and the drive for economic growth and efficiency. Boiler retrofit services enhance industrial efficiency and sustainability by modernizing outdated boiler systems to meet current technological and environmental standards. For instance, in February 2024, according to the Ministry of Statistics and Program Implementation, an India-based government ministry, India's industrial production increased to 3.8% in December 2023, up from 2.4% in November 2023. Therefore, increasing industrialization is expected to drive growth in the boiler retrofit services market.

Global Boiler Retrofit Services Market Major Players

Major companies operating in the boiler retrofit services market are Mitsubishi Heavy Industries Ltd., Siemens Energy AG, Vattenfall AB, Doosan Group, Alfa Laval AB, Viessmann Group, Thermax Ltd., Forbes Marshall Private Limited, Babcock & Wilcox Enterprises Inc., Hoval Group, Horizon Services LLC, Cleaver-Brooks Company Inc., Fulton Boiler Works Inc., The Jamar Company, AC Boilers SpA, Rentech Boiler Systems Inc., Griffith Energy Services Inc., Hurst Boiler & Welding Co. Inc., Superior Boiler Works LLC, Victory Energy Operations LLC, Clayton Industries, Bosch Thermotechnik GmbH, Parker Boiler Co., PARAT Halvorsen AS, Ram Mechanical Ltd., Hi-Tech Boilers Pvt. Ltd.

Global Boiler Retrofit Services Market Trend: Innovative Financial Solutions for Boiler Installation by Gas Call Services Ltd

Major companies operating in the boiler retrofit services market are focused on offering innovative and cost-friendly services, such as boiler installation on low-cost finance options, to enhance efficiency and meet regulatory standards. Boiler installation on low-cost finance refers to providing financial options that make it more affordable for customers to install new or retrofit boiler systems. These financial solutions aim to make energy-efficient boiler systems more accessible and affordable for homeowners and businesses. For instance, in March 2023, Gas Call Services Ltd., a UK-based heating services contractor, launched BoilerPlan, its new product offering boiler installation on low-cost finance. The new service will enable customers to install a brand-new, energy-efficient boiler in their homes without paying the full cost upfront. BoilerPlan offers a convenient and budget-friendly solution for homeowners who lack the immediate financial resources but wish to enjoy the benefits of a new boiler’s energy efficiency and cost savings. Customers can select from various high-quality boilers from leading brands and have them installed by GasCall Services’ skilled engineers.

Boiler Retrofit Services Market Merger And Acquisition: Altrad completes the acquisition of Doosan Babcock Limited Expands Boiler Retrofit Services with Comfort Control Corporation Acquisition

In September 2022, Altrad Group, a France-based company providing industrial services acquired Doosan Babcock Limited for an undisclosed amount. The acquisition allows Altrad to broaden its range of services, particularly in engineering and maintenance for sectors such as nuclear, thermal, oil and gas , and petrochemicals . This aligns with Altrad's goal to deliver more comprehensive solutions to its clients. Doosan Babcock Limited is a specialist engineering company that provides a range of services to the nuclear, thermal, oil and gas, petrochemical, and process sectors.

Regional Insights For The Global Boiler Retrofit Services Market

North America was the largest region in the boiler retrofit services market in 2023. The regions covered in the boiler retrofit services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the boiler retrofit services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The boiler retrofit services market includes revenues earned by entities by providing services such as heat recovery system installation, burner management systems, energy-saving controls and automation, and emissions control upgrades. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The boiler retrofit services market research report is one of a series of new reports from The Business Research Company that provides boiler retrofit services market statistics, including the boiler retrofit services industry global market size, regional shares, competitors with boiler retrofit services market share, detailed boiler retrofit services market segments, market trends, and opportunities, and any further data you may need to thrive in the boiler retrofit services industry. These boiler retrofit services market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Boiler Retrofit Services Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2024 $ 1.03 Billion
Revenue Forecast In 2033 $ 3.57 Billion
Growth Rate CAGR of 36.50% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Boiler Repair, Boiler Upgrade, Boiler Replacement
2) By Service: Outsourced, In-house
3) By Application: Industrial, Ships, Public Utility, Other Applications
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Mitsubishi Heavy Industries Ltd., Siemens Energy AG, Vattenfall AB, Doosan Group, Alfa Laval AB, Viessmann Group, Thermax Ltd., Forbes Marshall Private Limited, Babcock & Wilcox Enterprises Inc., Hoval Group, Horizon Services LLC, Cleaver-Brooks Company Inc., Fulton Boiler Works Inc., The Jamar Company, AC Boilers SpA, Rentech Boiler Systems Inc., Griffith Energy Services Inc., Hurst Boiler & Welding Co. Inc., Superior Boiler Works LLC, Victory Energy Operations LLC, Clayton Industries, Bosch Thermotechnik GmbH, Parker Boiler Co., PARAT Halvorsen AS, Ram Mechanical Ltd., Hi-Tech Boilers Pvt. Ltd.
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Boiler Retrofit Services Market Characteristics

    3. Boiler Retrofit Services Market Trends And Strategies

    4. Boiler Retrofit Services Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Boiler Retrofit Services Market Size and Growth

    5.1. Global Boiler Retrofit Services Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Boiler Retrofit Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Boiler Retrofit Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Boiler Retrofit Services Market Segmentation

    6.1. Global Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Boiler Repair

    Boiler Upgrade

    Boiler Replacement

    6.2. Global Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Outsourced

    In-house

    6.3. Global Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Industrial

    Ships

    Public Utility

    Other Applications

    7. Boiler Retrofit Services Market Regional And Country Analysis

    7.1. Global Boiler Retrofit Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Boiler Retrofit Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Boiler Retrofit Services Market

    8.1. Asia-Pacific Boiler Retrofit Services Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Boiler Retrofit Services Market

    9.1. China Boiler Retrofit Services Market Overview

    9.2. China Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Boiler Retrofit Services Market

    10.1. India Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Boiler Retrofit Services Market

    11.1. Japan Boiler Retrofit Services Market Overview

    11.2. Japan Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Boiler Retrofit Services Market

    12.1. Australia Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Boiler Retrofit Services Market

    13.1. Indonesia Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Boiler Retrofit Services Market

    14.1. South Korea Boiler Retrofit Services Market Overview

    14.2. South Korea Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Boiler Retrofit Services Market

    15.1. Western Europe Boiler Retrofit Services Market Overview

    15.2. Western Europe Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Boiler Retrofit Services Market

    16.1. UK Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Boiler Retrofit Services Market

    17.1. Germany Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Boiler Retrofit Services Market

    18.1. France Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Boiler Retrofit Services Market

    19.1. Italy Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Boiler Retrofit Services Market

    20.1. Spain Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Boiler Retrofit Services Market

    21.1. Eastern Europe Boiler Retrofit Services Market Overview

    21.2. Eastern Europe Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Boiler Retrofit Services Market

    22.1. Russia Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Boiler Retrofit Services Market

    23.1. North America Boiler Retrofit Services Market Overview

    23.2. North America Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Boiler Retrofit Services Market

    24.1. USA Boiler Retrofit Services Market Overview

    24.2. USA Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Boiler Retrofit Services Market

    25.1. Canada Boiler Retrofit Services Market Overview

    25.2. Canada Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Boiler Retrofit Services Market

    26.1. South America Boiler Retrofit Services Market Overview

    26.2. South America Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Boiler Retrofit Services Market

    27.1. Brazil Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Boiler Retrofit Services Market

    28.1. Middle East Boiler Retrofit Services Market Overview

    28.2. Middle East Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Boiler Retrofit Services Market

    29.1. Africa Boiler Retrofit Services Market Overview

    29.2. Africa Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Boiler Retrofit Services Market Competitive Landscape And Company Profiles

    30.1. Boiler Retrofit Services Market Competitive Landscape

    30.2. Boiler Retrofit Services Market Company Profiles

    30.2.1. Mitsubishi Heavy Industries Ltd.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Siemens Energy AG

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Vattenfall AB

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Doosan Group

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Alfa Laval AB

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Boiler Retrofit Services Market Other Major And Innovative Companies

    31.1. Viessmann Group

    31.2. Thermax Ltd.

    31.3. Forbes Marshall Private Limited

    31.4. Babcock & Wilcox Enterprises Inc.

    31.5. Hoval Group

    31.6. Horizon Services LLC

    31.7. Cleaver-Brooks Company Inc.

    31.8. Fulton Boiler Works Inc.

    31.9. The Jamar Company

    31.10. AC Boilers SpA

    31.11. Rentech Boiler Systems Inc.

    31.12. Griffith Energy Services Inc.

    31.13. Hurst Boiler & Welding Co. Inc.

    31.14. Superior Boiler Works LLC

    31.15. Victory Energy Operations LLC

    32. Global Boiler Retrofit Services Market Competitive Benchmarking

    33. Global Boiler Retrofit Services Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Boiler Retrofit Services Market

    35. Boiler Retrofit Services Market Future Outlook and Potential Analysis

    35.1 Boiler Retrofit Services Market In 2028 - Countries Offering Most New Opportunities

    35.2 Boiler Retrofit Services Market In 2028 - Segments Offering Most New Opportunities

    35.3 Boiler Retrofit Services Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Boiler Retrofit Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Boiler Retrofit Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Mitsubishi Heavy Industries Ltd. Financial Performance
  • Figure 75: Siemens Energy AG Financial Performance
  • Figure 76: Vattenfall AB Financial Performance
  • Figure 77: Doosan Group Financial Performance
  • Figure 78: Alfa Laval AB Financial Performance

List Of Figures

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Boiler Retrofit Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Boiler Retrofit Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Boiler Retrofit Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Boiler Retrofit Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Boiler Retrofit Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Mitsubishi Heavy Industries Ltd. Financial Performance
  • Table 75: Siemens Energy AG Financial Performance
  • Table 76: Vattenfall AB Financial Performance
  • Table 77: Doosan Group Financial Performance
  • Table 78: Alfa Laval AB Financial Performance
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Frequently Asked Questions

What is the definition of the boiler retrofit services market?

Boiler retrofit services refer to the process of upgrading or altering current boiler systems to boost their efficiency, functionality, safety, and adherence to environmental standards. These services involve adding new parts, such as burners, control units, and heat recovery systems, or designing changes to optimize the boiler's operation and prolong its life. For further insights on the boiler retrofit services market, request a sample here

How will the boiler retrofit services market drivers and restraints affect the boiler retrofit services market dynamics? What forces will shape the boiler retrofit services industry going forward?

The boiler retrofit services market major growth driver - Increasing Industrialization Boosts Boiler Retrofit Services. For further insights on the boiler retrofit services market, request a sample here

What is the forecast market size or the forecast market value of the boiler retrofit services market?

The boiler retrofit services market size has grown rapidly in recent years. It will grow from $0.74 billion in 2023 to $0.83 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The growth in the historic period can be attributed to rise in need for energy efficiency improvements, stringent environmental regulations, rise in aging infrastructure, rise in fuel costs, rise in government incentives for green initiatives, and rise in focus on sustainability. The boiler retrofit services market size is expected to see rapid growth in the next few years. It will grow to $1.39 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increasing environmental regulations, rising energy efficiency demands, aging industrial infrastructure, growing focus on sustainability, expanding industrial activities, and rising need for cost-effective energy solutions. Major trends in the forecast period include advancements in energy efficiency technologies, adoption of digital control systems, integration of AI for predictive maintenance, enhanced emission reduction solutions, adoption of renewable fuel retrofits, adoption of modular retrofit kits, and customized retrofit solutions tailored to specific industry needs. For further insights on the boiler retrofit services market, request a sample here

How is the boiler retrofit services market segmented?

The boiler retrofit services market is segmented
1) By Type: Boiler Repair, Boiler Upgrade, Boiler Replacement
2) By Service: Outsourced, In-house
3) By Application: Industrial, Ships, Public Utility, Other Applications For further insights on the boiler retrofit services market,
request a sample here

Which region has the largest share of the boiler retrofit services market? What are the other regions covered in the report?

North America was the largest region in the boiler retrofit services market in 2023. The regions covered in the boiler retrofit services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the boiler retrofit services market, request a sample here.

Who are the major players in the boiler retrofit services market?

Major companies operating in the boiler retrofit services market are Mitsubishi Heavy Industries Ltd., Siemens Energy AG, Vattenfall AB, Doosan Group, Alfa Laval AB, Viessmann Group, Thermax Ltd., Forbes Marshall Private Limited, Babcock & Wilcox Enterprises Inc., Hoval Group, Horizon Services LLC, Cleaver-Brooks Company Inc., Fulton Boiler Works Inc., The Jamar Company, AC Boilers SpA, Rentech Boiler Systems Inc., Griffith Energy Services Inc., Hurst Boiler & Welding Co. Inc., Superior Boiler Works LLC, Victory Energy Operations LLC, Clayton Industries, Bosch Thermotechnik GmbH, Parker Boiler Co., PARAT Halvorsen AS, Ram Mechanical Ltd., Hi-Tech Boilers Pvt. Ltd. For further insights on the boiler retrofit services market, request a sample here.

What are the key trends in the boiler retrofit services market?

Major trend in the boiler retrofit services market - Innovative Financial Solutions for Boiler Installation by Gas Call Services Ltd. For further insights on the boiler retrofit services market, request a sample here.

What are the major opportunities in the boiler retrofit services market? What are the strategies for the boiler retrofit services market?

For detailed insights on the major opportunities and strategies in the boiler retrofit services market, request a sample here.

How does the boiler retrofit services market relate to the overall economy and other similar markets?

For detailed insights on boiler retrofit services market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the boiler retrofit services industry?

For detailed insights on the mergers and acquisitions in the boiler retrofit services industry, request a sample here.

What are the key dynamics influencing the boiler retrofit services market growth? SWOT analysis of the boiler retrofit services market.

For detailed insights on the key dynamics influencing the boiler retrofit services market growth and SWOT analysis of the boiler retrofit services industry, request a sample here.