Europe Industrial Boiler Market Size

Europe Industrial Boiler Market Size

Europe Industrial Boiler Market size was valued at over USD 2.4 billion in 2023 and is estimated to witness 3.6% CAGR from 2024 to 2032. Industrial boilers are vessels used to generate heat water or steam for heating purposes in industries & several other processes. Growing focus toward upgradation of traditional heating systems with energy efficient and high-performance units in line with strict regulatory norms to limit carbon emissions will drive the industry growth. In addition, rising demand for steam & heat across various industries along with introduction of advanced energy-efficient boilers will fuel the industry scenario.

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Strict government measures toward extreme climatic conditions and curb greenhouse gas emissions in line with enlarging spending in economic growth will foster the industry trend. A shifting trend toward development of industrial facilities coupled with rising demand for heating systems will augment the industry dynamics. Furthermore, increasing adoption of efficient steam generation technologies in line with rising investment across industrialization will positively influence the business outlook.