Market Insights for Gas Fired Steam Boiler Market

The global gas fired steam boiler market was valued at USD 11.83 billion in 2024. The market is projected to grow from USD 12.45 billion in 2025 to USD 16.84 billion by 2031, exhibiting a CAGR of 5.3% during the forecast period.

Gas fired steam boilers are heating systems powered by natural gas or propane, designed to generate steam for various industrial, commercial, and residential applications. These boilers are known for their higher efficiency compared to traditional models, offering better fuel utilization and lower emissions. The market is segmented by type into multiple steam units and single steam units, catering to diverse operational scales and requirements.

Growth in the gas fired steam boiler market is driven by increasing industrialization, stringent environmental regulations promoting cleaner energy, and rising demand for energy-efficient heating solutions. While the industrial sector remains the largest application segment, commercial and residential adoption is also growing steadily.