Home > Energy & Power > Electrical Equipment > Boilers > High Temperature Industrial Boiler Market
High Temperature Industrial Boiler Market Size
- Report ID: GMI7848
- Published Date: Jan 2024
- Report Format: PDF
High Temperature Industrial Boiler Market Size
High Temperature Industrial Boiler Market was valued at USD 8.4 billion in 2023 and is predicted to register over 4.5% CAGR between 2024 and 2034. Increasing industrial activities and urbanization rate particularly in developing economies, contribute to higher demand for these heating technologies. For instance, investment across the industrial sector witnesses a growth of about 4% in the year 2023.
Increasing demand of water and space heating systems owing to surging population and rising urbanization rate will drive the high temperature industrial boiler market growth. Introduction of supportive policies by the government toward achieving high energy efficiency primarily across the developing nations will subsequently influence the deployment of boilers. For instance, in 2023, the share of urban population surpassed share of 70% of the total population.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| High Temperature Industrial Boiler Market Size in 2023: | USD 8.4 Billion |
| Forecast Period: | 2024 to 2034 |
| Forecast Period 2024 to 2034 CAGR: | 4.5% |
| 2034 Value Projection: | USD 13.8 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 800 |
| Tables, Charts & Figures: | 2,241 |
| Segments covered: | Temperature, Product, Capacity, Technology, Fuel, Application |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
High Temperature Industrial Boiler Market Scope
