MAPNA Boiler and Equipment Engineering and Manufacturing Co.

What MAPNA Boiler and Equipment Engineering and Manufacturing Co. does

MAPNA Boiler and Equipment Engineering and Manufacturing Co. (مپنا بویلر) is a Tehran-based, knowledge-based engineering and manufacturing subsidiary of MAPNA Group, operating since 2000. It designs, engineers, fabricates, installs, and commissions industrial boilers and pressure equipment — primarily Heat Recovery Steam Generators (HRSG), Waste Heat Recovery Boilers (WHRB), water-tube package boilers, coal-fired boilers, and steam power plant boilers — alongside heat exchangers, pressure vessels, columns, towers, deaerators, fin tubes, and water treatment packages. Operations are executed under EPC and EP contract models and conform to ASME BPVC Section I and Section VIII Div. 2 codes, with the company holding a Class E and F boiler manufacturing license.

The company serves four primary verticals: power generation (combined cycle and cogeneration plants including Ferdowsi 1,431 MW and Roodshoor 345 MW), oil & gas and petrochemical (NGL3100 for GASCO, Bid Boland petrochemical, Mobin Petrochemical), water and wastewater (SWRO desalination, EDI ultrapure water systems), and general process industries. Proprietary technology includes the MapexWave explosive cleaning system, EDI thermoplastic welding know-how, Low NOx staged air burners, and mechanized preheating/stress relief devices. Manufacturing is concentrated at a 10-hectare Karaj facility (with 22 hectares allocated for expansion) producing 25,000+ tons annually, supported by 11 engineering design centers with 14 TFlops of compute.

The company ranks 3rd globally in HRSG manufacturing with 12.5% market share per McCoy (August 2023), and 195th in Iran's IMI-100 (4th in machinery/equipment). Revenue is generated through one-time EPC/EP project contracts, hardware sales of manufactured equipment, and professional services (commissioning, MapexWave cleaning, NDT). Customers are predominantly Iranian state-owned and large enterprise buyers, with Iraq as an emerging international market. Headcount is reported at 1,114+ specialists with 70+ international certifications.

Name

MAPNA Boiler and Equipment Engineering and Manufacturing Co.

Legal name

MAPNA Boiler and Equipment Engineering and Manufacturing Co. (شرکت مهندسی و ساخت بویلر و تجهیزات مپنا)

Website

https://mapnabe.com

Company type

Private

Operating status

Operating

Headcount range

501–1,000 employees

Short description

MAPNA Boiler is an Iranian knowledge-based subsidiary of MAPNA Group that designs, manufactures, and commissions boilers, HRSGs, heat exchangers, and pressure equipment for power, oil & gas, petrochemical, and water sectors under EPC and EP contracts.

Ownership category

akta.pro rank

Product category

Industrial Boiler & Pressure Equipment Manufacturing

NAICS

Power Boiler and Heat Exchanger Manufacturing (332410), Power Boiler and Heat Exchanger Manufacturing (33241), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL)

akta.pro secondary industries

Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

Keywords

• Industrial boiler manufacturing
• Heat recovery steam generators
• Power plant equipment
• Pressure vessel fabrication
• EPC engineering services

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. EPC and EP Project Contracts: Engineering, Procurement, and Construction (EPC) and Engineering-Procurement (EP) contracts for power plant boilers, HRSG units, and industrial process equipment. Projects are executed domestically and internationally for major national clients including South Pars phases, petrochemical complexes, and water desalination plants.
2. Equipment Manufacturing and Supply: Design, fabrication, and supply of boilers, heat exchangers, pressure vessels, deaerators, water treatment packages, fin tubes, and related auxiliary equipment for power, oil & gas, and petrochemical industries.
3. Technical Services and Consulting: Installation, commissioning, startup services, and after-sales technical support including MapexWave explosive cleaning services, Phased Array testing, and NDT services for boiler and pressure equipment.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

MAPNA Boiler designs, engineers, fabricates, installs, and commissions industrial boilers (HRSG, WHRB, steam power plant, coal-fired, and water-tube package boilers) along with heat exchangers, pressure vessels, deaerators, water treatment packages, and related auxiliary equipment for power, oil & gas, petrochemical, and water sectors. The company delivers projects under EPC and EP contract models, complemented by after-sales technical services such as in-situ boiler cleaning, NDT, and commissioning. Operations are anchored by a 10-hectare Karaj manufacturing facility with over 25,000 tons of annual production capacity and ISO/ASME-certified design and quality systems.

Product overview

MAPNA Boiler and Equipment Engineering and Manufacturing Co. (MAPNA Boiler) operates as a knowledge-based company offering a portfolio of heavy industrial products centered on boilers and thermal equipment. The core product line includes Heat Recovery Steam Generators (HRSG) and Waste Heat Recovery Boilers (WHRB) for combined cycle and industrial heat recovery applications; Steam Power Plant Boilers and Coal-Fired Boilers for power generation; and Water-Tube Industrial Package Boilers (D-Type, Bi-Drum design) for oil, gas, and petrochemical processes. These are complemented by shell-and-tube heat exchangers, pressure vessels, columns, towers and reactors, fin tubes and fin pipes, deaerators, and water treatment packages. The company also offers proprietary technology and services including the MapexWave explosive cleaning system for boiler maintenance, EDI (Electrodeionization Package) for ultrapure water production, Low NOx staged air burners, steam silencers, and a mechanized preheating and stress relief device for Class F equipment. A digital platform called Talent OS supports internal human resource optimization. The portfolio is delivered under EP and EPC contracts across power, oil and gas, petrochemical, water, and other industrial sectors in domestic and international markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Heat Recovery Steam Generator (HRSG) Boiler that recovers heat from gas turbine exhaust to produce steam for a steam turbine, enabling combined cycle power generation. Designed and manufactured by MAPNA Boiler in dual-pressure-level configurations for thermal power, combined cycle, and cogeneration plants.
• Waste Heat Recovery Boiler (WHRB) Boiler that recovers waste heat from industrial processes (e.g., gas turbine or process exhaust streams) to produce steam for use in oil & gas, petrochemical, and power applications.
• Coal-Fired Boiler Coal-fired boiler designed and manufactured for power generation facilities as part of MAPNA Boiler's power sector product line.
• Steam Power Plant Boiler Boiler designed and manufactured for steam power plants to generate steam for power generation, compliant with ASME BPVC Section I.
• Water-Tube Industrial Package Boiler D-Type (Bi-Drum) water-tube package boiler for industrial applications, offering high reliability and efficiency for process steam in oil, gas, and petrochemical plants.
• Shell-and-Tube Heat Exchangers Shell-and-tube heat exchangers designed and manufactured for various industrial process applications including oil & gas, petrochemical, and power sectors.
• Pressure Vessels, Columns, Towers and Reactors Pressure vessels, columns, storage tanks, towers, and reactors designed and manufactured for oil, gas, petrochemical, and power applications, compliant with ASME BPVC Section VIII Division 2.
• Deaerator (هوازدا) Equipment for removal of dissolved oxygen and non-condensable gases from boiler feedwater to prevent corrosion in boiler systems.
• Water Treatment Packages (بسته‌های آب) Water treatment packages for boiler feedwater and industrial water treatment systems, including seawater reverse osmosis (SWRO) desalination plants and EDI-based ultrapure water systems.
• MapexWave Explosive Cleaning Technology (Service) Proprietary in-house developed explosive (blast) cleaning technology and service for in-situ cleaning of boiler heat transfer surfaces, removing accumulated deposits without scaffolding and reducing unit outage time.
• EDI (Electrodeionization Package) with Thermoplastic Welding Electrodeionization (EDI) package for production of ultrapure (deionized) water using electric field and ion exchange membranes, eliminating the need for chemical resin regeneration.
• Low NOx Staged Air Burners Low NOx staged air burners for industrial boilers (30–100 MW capacity) designed for combustion optimization and pollutant emission reduction using CFD-based flame stability and dimensional optimization.
• Steam Silencers (Close Type and Open Type) Steam silencers (noise attenuators) for steam discharge from safety valves and piping in steam lines, HRSG (Class E and F), and industrial boilers, available in Close Type and Open Type configurations and compliant with international standards.
• Fin Tube and Fin Pipe Compact finned tube and fin pipe components used as heat transfer surfaces inside HRSGs and industrial boilers, manufactured in-house for the company's boiler product line.
• EPC and EP Project Contracting Services Turnkey Engineering, Procurement, and Construction (EPC) and Engineering-Procurement (EP) project execution services for power, oil & gas, petrochemical, and water sector projects, including design, procurement, fabrication, construction, installation, commissioning, and startup of boiler and pressure equipment projects.

Quantifiable outcome

• 3rd place globally in HRSG market with 12.5% market share (McCoy, August 2023)
• +5 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Petro Sazeh Mobin (پترو سازه مبین)coreStrategic or Co-development Partner · 11 May 2024Memorandum of Understanding signed at the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition between MAPNA Boiler CEO Fardin Shahriari and Petro Sazeh Mobin CEO Farhad Izadjoo. The contract covers design, procurement, fabrication, construction, installation, testing, pre-commissioning, and commissioning of three HP Steam Boiler packages each with 80 t/hr capacity for the Abinsan-e Andimeshk project.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Siemens Energy: Global energy OEM producing gas/steam turbines, HRSGs, and EPC services for combined-cycle power plants. Broad incumbent comparable to MAPNA Boiler in HRSG and combined-cycle power plant equipment, though operates across a much wider portfolio including grid and renewables.

Direct peers

• Babcock & Wilcox Enterprises: US-based legacy boiler manufacturer specializing in utility-scale steam generation, HRSG, and waste heat recovery equipment. Comparable to MAPNA Boiler in HRSG and steam boiler design, EPC execution, and after-market services for power generation.
• CMI Energy: Belgian industrial group specializing in industrial boilers, heat exchangers, and energy equipment. Comparable to MAPNA Boiler in HRSG design, industrial process equipment manufacturing, and pressure equipment for power and process industries.
• Harbin Boiler Co., Ltd. One of the world's largest power boiler manufacturers based in China, producing HRSGs, utility boilers, and pressure vessels. Directly comparable to MAPNA Boiler as a top-tier HRSG and steam power plant boiler manufacturer serving domestic and international power markets.
• Mitsubishi Heavy Industries / Mitsubishi Power: Global leader in HRSG and combined cycle plant equipment, including gas/steam turbines. Directly comparable to MAPNA Boiler in HRSG design and EPC execution for large combined-cycle power projects; cited alongside MAPNA Boiler in McCoy's global HRSG ranking.
• Doosan Enerbility (formerly Doosan Heavy Industries): South Korean power equipment OEM producing HRSGs, boilers, and steam turbines for combined cycle plants globally. Directly comparable to MAPNA Boiler as a leading HRSG/boiler EPC contractor with similar technical specifications and customer profiles in power generation.
• Thermax Limited: Indian manufacturer of industrial boilers, heat exchangers, and process equipment for power, oil & gas, and process industries. Comparable to MAPNA Boiler in industrial package boilers, heat transfer equipment, and EPC services for oil & gas/petrochemical customers.
• Dongfang Electric Corporation: Major Chinese power equipment manufacturer producing HRSGs, utility boilers, and steam turbines. Directly comparable to MAPNA Boiler in combined-cycle HRSG manufacturing, large EPC project execution, and domestic-market dominance with selective international export.
• Valmet Oyj: Finnish manufacturer of boilers, heat exchangers, and process equipment for power, pulp & paper, and energy industries. Comparable to MAPNA Boiler in industrial boiler and heat recovery equipment manufacturing, EPC execution, and after-sales services.
• Bharat Heavy Electricals Ltd. (BHEL): India's largest power equipment OEM producing boilers, turbines, and EPC services for thermal power plants. Comparable to MAPNA Boiler in domestic-market focus, government-affiliated customer base, and full-lifecycle boiler/EPC execution for power generation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mapna-boiler

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MAPNA Boiler and Equipment Engineering and Manufacturing Co.