Industrial boilers refer to equipment that uses coal, oil, gas, etc. as fuels to heat water into steam or hot water. They are widely used in electric power, chemical, metallurgy, building materials, textiles, food and other industries. As an important equipment in industrial production, the market size of industrial boilers is affected by the level of economic development, energy structure adjustment, environmental protection policies and other factors.

According to data from the Champ Consulting Group,2022China's industrial boiler output reached37.44Ten thousand tons of steam, year-on-year growth6.1%, the market size reaches106.4Billion yuan, year-on-year growth7.5%。2023China's industrial boiler production is expected to reach39.8Ten thousand tons of steam, year-on-year growth6.3%, the market size reaches113.9Billion yuan, year-on-year growth7%. In terms of the growth rate of production and market size, the industrial boiler industry has moved from2018The downturn of the year gradually recovered and maintained a steady growth trend.

From the perspective of product structure, the product structure of China's industrial boilers has undergone profound changes in recent years, mainly in the following aspects:

The proportion of coal-fired boiler production has dropped significantly. Under the influence of energy and environmental protection policies such as "coal to gas" and "coal to electricity", as well as the decline of natural gas prices and the reform of power marketization, the share of coal-fired boilers in the industrial boiler market has been declining.According to data from the Champ Consulting Group,In 2018, China's coal-fired boiler production accounted59.5%，2019Year down54.5%，2020Decreased further in49.5%。2022China's coal-fired boiler output in18.54Ten thousand tons of steam, accounting49.5%, year-on-year decline1.4%。2023China's coal-fired boiler production is expected to continue to decline throughout18.2Ten thousand tons of steam, accounting45.7%, year-on-year decline1.8%。

The proportion of production of gas boilers and electric boilers has increased significantly. With the continuous improvement of natural gas supply guarantee capacity, the gradual rationalization of prices, the continuous improvement of clean energy consumption policies, and the promotion of power market reform, the gradual liberalization of electricity prices, and the continuous development of energy storage technology, gas boilers and electric boilers are in industrial boilers. The market share continues to increase.According to data from the Champ Consulting Group,2018China's gas boiler production accounted25.5%，2019Year increased28.5%，2020Year further increased31.5%。2022The annual output of gas-fired boilers in China is11.84Ten thousand tons of steam, accounting31.6%, year-on-year growth10.3%。2023China's gas boiler production is expected to reach13.2Ten thousand tons of steam, accounting33.2%, year-on-year growth11.5%. Again,2018China's electric boiler production accounted7.5%，2019Year increased9.5%，2020Year further increased11.5%。2022The annual output of electric boilers in China is4.31Ten thousand tons of steam, accounting11.5%, year-on-year growth12.6%。2023China's electric boiler production is expected to reach4.8Ten thousand tons of steam, accounting12.1%, year-on-year growth11.4%。

The proportion of biomass boilers and waste heat boilers in production has increased steadily. Biomass boilers and waste heat boilers, as equipment for the use of renewable energy and industrial waste, have the advantages of energy saving, emission reduction, recycling, and resource protection, and are favored by the government and the market.According to data from the Champ Consulting Group,2018China's biomass boiler production accounted6%，2019Year increased6.5%，2020years remain in6.5%。2022China's biomass boiler production in2.43Ten thousand tons of steam, accounting6.5%, year-on-year growth6.1%。2023China's biomass boiler production is expected to reach2.59Ten thousand tons of steam, accounting6.5%, year-on-year growth6.6%. Again,2018China's waste heat boiler production accounted1.5%，2019Year increased1.8%，2020years remain in1.8%。2022China's waste heat boiler production in0.67Ten thousand tons of steam, accounting1.8%, year-on-year growth7%。2023China's waste heat boiler production is expected to reach0.72Ten thousand tons of steam, accounting1.8%, year-on-year growth7.5%。

From the perspective of regional distribution, the regional distribution of industrial boilers in China has also undergone certain changes in recent years, mainly in the following aspects:

The market share of the eastern region has declined. The eastern region as China's most developed economy, the most concentrated industrial areas, the need for industrial boilersThe scale is also the largest. However, due to the influence of environmental protection pressure, rapid energy structure adjustment and more industrial transfer in the eastern region, the market share of its industrial boilers has declined.According to data from the Champ Consulting Group,2018The size of the industrial boiler market in the eastern region accounted for the country's54%，2019Year down52%，2020Decreased further in50%。2022The size of the industrial boiler market in the eastern region in53.2Billions of yuan, accounting for the whole country50%, year-on-year growth6%。2023The industrial boiler market size in the eastern region is expected to reach56.9Billions of yuan, accounting for the whole country50%, year-on-year growth7%。

The market share of the central and western regions has increased. As the rising star of China's economic development, the demand for industrial boilers in the central and western regions is gradually increasing. Benefiting from the support of central policies, infrastructure construction, and the promotion of industrial transfer, the market share of industrial boilers in the central and western regions has increased. According to data from the Champ Consulting Group,2018The market size of industrial boilers in the central region accounted24%，2019Year increased25%，2020years remain in25%。2022The market size of industrial boilers in the central region in26.6Billions of yuan, accounting for the whole country25%, year-on-year growth9%。2023The market size of industrial boilers in the central region is expected to reach28.5Billions of yuan, accounting for the whole country25%, year-on-year growth7.1%. Again,2018The market size of industrial boilers in the western region accounted22%，2019Year increased23%，2020years remain in23%。2022The size of the industrial boiler market in the western region in24.6Billions of yuan, accounting for the whole country23%, year-on-year growth8.5%。2023The market size of industrial boilers in the western region is expected to reach26.5Billions of yuan, accounting for the whole country23.3%, year-on-year growth7.7%。

The market share of the northern region and the northeast region is basically stable. As China's traditional heavy industry bases, the demand scale of industrial boilers in the northern and northeast regions is relatively stable. Restricted by factors such as energy structure adjustment, environmental protection requirements, industrial transformation and upgrading, the market share of industrial boilers in the northern and northeastern regions is basically stable. According to data from the Champ Consulting Group,2018The size of the industrial boiler market in the northern region accounted for the country's11%，2019Year down10.5%，2020years remain in10.5%。2022The size of the industrial boiler market in the northern region in11.2Billions of yuan, accounting for the whole country10.5%, year-on-year growth6.5%。2023The size of the industrial boiler market in the northern region is expected to reach11.9Billions of yuan, accounting for the whole country10.4%, year-on-year growth6.3%. Again,2018The market size of industrial boilers in Northeast China accounted9%，2019years remain in9%，2020years remain in9%。2022The size of the industrial boiler market in Northeast China was9.6Billions of yuan, accounting for the whole country9%, year-on-year growth6%。2023The industrial boiler market size in Northeast China is expected to reach10.1Billions of yuan, accounting for the whole country8.9%, year-on-year growth5.2%。

From the perspective of the competitive landscape, China's industrial boiler industry has shown the following characteristics in recent years:

Industry concentration is low and competition is fierce. According to data from the Champ Consulting Group,2022Year of China Machinery500Strong in there17The top ten companies are Harbin Electric Power Equipment Group Co., Ltd., Shanghai Electric Group Co., Ltd., Dongfang Electric Group Co., Ltd., Harbin Boiler Factory Co., Ltd., Wuxi Huaguang Boiler Co., Ltd., Wuxi Boiler Co., Ltd., China Western Power Group Co., Ltd., Shandong Huaguang Boiler Group Co., Ltd., Beijing Boiler Factory Co., Ltd. and Jiangsu Pacific Boiler Co., Ltd. These enterprises are mainly engaged in the production and service of large-scale, high-end industrial boilers, occupying the high-end field of the industrial boiler market. However, the market share of these enterprises is not high, according to the data of champ consulting,2022The total market share of the top 10 enterprises in China's industrial boiler industry in23.5%Among them, Harbin Power Equipment Group Co., Ltd., which ranks first, has a market share of only4.5%. This shows that the concentration of China's industrial boiler industry is low, the competition is fierce and the market is scattered.

Many small and medium-sized enterprises, survival pressure. In addition to the above-mentioned large enterprises, there are a large number of small and medium-sized enterprises in China's industrial boiler industry, mainly engaged in the production and sales of low-end industrial boilers. Due to the lack of technical level, financial strength, brand influence and other aspects, these enterprises are difficult to compete with large enterprises, and can only rely on low-price strategies to compete for the market. However, due to the rising prices of raw materials, the improvement of environmental protection standards, the upgrading of customer demand and other factors, the profit space of these enterprises is getting smaller and smaller, and the survival pressure is increasing. According to data from Champ Consulting,2022The average profit margin of SMEs in China's industrial boiler industry was only3.2%Far below the industry average.

The rise of emerging enterprises, strong innovation ability. In China's industrial boiler industry, there are also some emerging companies that have risen to win market recognition for their innovation capabilities and service quality. These companies mainly focus on a certain segment or a certain emerging field, such as biomass boilers, waste heat boilers, intelligent boilers, etc., through technological innovation, product optimization, service improvement and other ways to improve their competitiveness and added value. For example, Zhejiang Teerjia Energy Saving Technology Co., Ltd. is an enterprise focusing on waste heat utilization technology and equipment. Its main products include waste heat boilers, waste heat generator sets, waste heat refrigeration units, etc., which are widely used in steel, cement, chemical and other industries. With energy conservation and emission reduction as its mission and technological innovation as its core competitiveness, the company has obtained a number of patents and awards in the field of waste heat utilization, and has established cooperative relations with a number of well-known enterprises.

To sum up,2023The overall competitive landscape of China's industrial boiler industry market is analyzed as follows:

The scale of the industry maintained steady growth, but the growth rate slowed down. Affected by the level of economic development, energy structure adjustment, environmental protection policies and other factors, the market scale of China's industrial boiler industry has maintained steady growth, but the growth rate has slowed down.2023The size of China's industrial boiler market is expected to reach113.9Billion yuan, year-on-year growth7%。

The product structure has undergone profound changes, the proportion of coal-fired boilers has decreased, and the proportion of gas boilers, electric boilers, biomass boilers and waste heat boilers has increased. Affected by factors such as energy and environmental protection policies, natural gas prices, and power market reforms, the product structure of China's industrial boilers has undergone profound changes. The market share of coal-fired boilers has dropped significantly, while gas-fired boilers, electric boilers, biomass boilers and waste heat boilers The market share has increased significantly.2023It is expected that the product structure of China's industrial boilers will be further optimized throughout the year to better meet the requirements of clean energy consumption.

The regional distribution is diversified, with the proportion of the eastern region declining and the proportion of the central and western regions increasing. Affected by the pressure of environmental protection, energy structure adjustment, industrial transfer and other factors, the regional distribution of industrial boilers in China shows a diversified trend, the market share of the eastern region has declined, while the market share of the central and western regions has increased.2023It is expected that the regional distribution of industrial boilers in China will be more balanced and better adapt to economic development and changes in industrial layout.

The competitive landscape is multi-polar, with large companies occupying high-end areas, small and medium-sized companies facing challenges, and emerging companies breaking through with innovation. The competitive landscape of China's industrial boiler industry is characterized by multi-polarization, with large enterprises occupying high-end areas, small and medium-sized enterprises facing the challenge of low-cost competition and profit compression, and emerging enterprises rising in subdivisions or emerging areas by virtue of their innovation capabilities and service quality.2023It is expected that the competitive landscape of China's industrial boiler industry will be further differentiated and the pace of survival of the fittest will accelerate.

According to data from the Champ Consulting Group,2023The development trends and opportunities of China's industrial boiler industry in the following aspects:

Technological innovation is the key to enhance competitiveness. With the upgrading of customer demand, the improvement of environmental standards, the optimization of energy structure and other factors, the industrial boiler industry needs to continuously carry out technological innovation to improve product performance, efficiency, safety and environmental protection, and reduce product costs and operating costs. Technological innovation is the key to enhance the competitiveness of the industrial boiler industry, and it is also the driving force for the transformation and upgrading of the industry.2023It is expected that the industrial boiler industry will increase investment in technological innovation and introduce more new products and technologies that meet market demand and policy orientation.

Service quality is the basis for winning customer trust. As an indispensable equipment in industrial production, the service quality of industrial boilers directly affects the production efficiency, safety and satisfaction of customers. Service quality is the basis for winning customer trust and loyalty, and it is also the way to increase the added value and profit margin of the industrial boiler industry.2023It is expected that the industrial boiler industry will strengthen service quality management, provide more professional, timely and comprehensive services, and enhance customer stickiness and reputation.

Market segmentation is the way to expand the business space. The industrial boiler industry is facing the dilemma of slowing overall market growth, fierce competition and shrinking profit margins, and needs to find new business space and growth points. Market segmentation is a way to expand business space and a means to improve the differentiated competitiveness of the industrial boiler industry.2023It is expected that the industrial boiler industry will dig deeper into the market segmentation needs, develop products and services that are more in line with the personalized and diversified needs of customers, and build its own core advantages and brand image.