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Fire Tube Industrial Boiler Market Size

  • Report ID: GMI2934
  • Published Date: May 2023
  • Report Format: PDF

Fire Tube Industrial Boiler Market Size

Fire Tube Industrial Boiler Market was valued at USD 3.1 billion in 2023 and is estimated to exhibit over 4.4% CAGR between 2024 and 2032 A fire tube boiler utilizes fire and hot gases produced by the combustion process to generate steam or hot water. The hot gases flow through tubes immersed in a water-filled chamber. The heat from the gases is transferred to the water through the tube walls, resulting in the production of steam or hot water. The steam is then used for heating, power generation, or other industrial processes. The exhaust gases are expelled through a chimney, creating a draft that maintains the flow of combustion air.

 

Fire Tube Industrial Boiler Market

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The fire tube industrial boiler market is anticipated to experience healthy growth on account of rapid expansion of the food processing industry and positive prospects for the chemical sector. Furthermore, global financial institutions and governments have implemented policies and initiatives to develop new industrial facilities, which will contribute to the adoption of these boilers. Ongoing efforts to reduce greenhouse gas emissions coupled with the increasing focus on the replacement of existing heating units, will further propel the business growth. The demand for energy-efficient systems will be impelled by stringent environmental regulations, rising fuel costs, and the need to reduce maintenance expenses.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of fire tube industrial boiler reached USD 3.1 billion in 2023 and is estimated to exceed USD 4.4 billion by 2032 on account of the rapid expansion of the food processing and chemical sector.

The condensing fire tube industrial boiler is poised to generate more than USD 800 million by 2032 owing to the increasing government initiatives aimed at promoting energy-efficient heating units, along with the ongoing upgradation of conventional systems.

The Europe boiler market is set to account for over USD 900 million by the end of 2032 attributed to the favorable federal regulations, coupled with increasing investments in the modernization of existing industrial facilities.

The major industry participants are Cleaver-Brooks, Hurst Boiler & Welding Co, The Fulton Companies, Babcock Wanson, Johnston Boiler, Thermodyne Engineering Systems, Clayton Industries, Victory Energy Operations, Rentech Boilers, Cannon Bono Energia, Hoval, Superior Boiler, ICI Caldaie S.p.A., Sellers Manufacturing, Nationwide Boiler, BURNHAM COMMERCIAL BOILERS.

Fire Tube Industrial Boiler Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 28
  • Tables & Figures: 1527
  • Countries covered: 32
  • Pages: 625
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