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Industrial Boiler Market Trends

Report ID: GMI622
Published Date: Jul 2024
Report Format: PDF

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Industrial Boiler Market Trends

A positive outlook toward industrial establishments in line with rising demand for heating units will accelerate the industry dynamics. In addition, rising industrialization along with the adoption of efficient steam generation systems will positively stimulate the business outlook. Furthermore, the ongoing industrial sector investments that aim to propel excellent heating facilities along with increasing replacements of conventional boilers with higher capacity units will fuel the boiler market.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of industrial boiler was worth USD 10.5 billion in 2023 and is estimated to grow at 4.7% CAGR through 2032, owing to the surging upgradation & replacement of existing boilers.

The fire tube segment in the industrial boiler market size will witness over 4% CAGR during 2024 to 2032, due to rapid industrialization coupled with stringent government mandates on energy conservation.

Asia Pacific industrial boiler market is set to surpass USD 8 billion by 2032, driven by the ongoing investment towards expansion of refining capacity.

Babcock and Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited, Bosch Industriekessel GmbH, Clayton Industries, Cleaver-Brooks, Cochran, Doosan Heavy Industries & Construction, FERROLI S.p.A, Fonderie Sime S.p.A., FONDITAL S.p.A., and Forbes Marshall