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Industrial Boiler Market Trends

  • Report ID: GMI622
  • Published Date: May 2023
  • Report Format: PDF

Industrial Boiler Market Trends

Surging adoption of tightening emission regulations is creating abundant opportunities for market growth. In January 2023, the U.S. DOE announced over USD 131 million in R&D projects for large-scale implementation of carbon management technologies to cut down carbon dioxide pollution levels in the country. The EPA has also rolled out several regulations for the replacement of traditional inefficient boilers which has increased the use of natural gas as a feedstock for steam-generating boilers.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of industrial boilers crossed USD 9.5 billion in 2022 and is poised to grow at over 4.5% CAGR from 2023 to 2032, driven by rapid industrialization across emerging nations.

Oil-fueled industrial boiler market size will cross USD 4.5 billion by 2032, on account of its low running costs and other beneficial properties.

Asia Pacific industrial boiler market share will grow at more than 5% CAGR from 2023 to 2032, on account of rising investments in industries such as food processing, chemicals, metal manufacturing plants, and others.

Some of the prominent industrial boiler market contenders are The Fulton Companies, Hurst Boiler and Welding, John Cockerill, Clayton Industries, Cleaver-Brooks, Bosch Industriekessel, and IHI Corporation, among others.

Industrial Boiler Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 28
  • Tables & Figures: 4502
  • Countries covered: 27
  • Pages: 2250
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