Home > Energy & Power > Electrical Equipment > Boilers > Industrial Electric Boiler Market
Industrial Electric Boiler Market Size
- Report ID: GMI5301
- Published Date: May 2023
- Report Format: PDF
Industrial Electric Boiler Market Size
Industrial Electric Boiler Market size valued at USD 255.7 million in 2023 and is estimated to exhibit over 17% CAGR between 2024 and 2032. The increasing emphasis on sustainability, energy efficiency, and carbon reduction will drive the demand for these units.
Furthermore, technological advancements in electric boiler technology have improved their efficiency, reliability, and overall performance, further boosting their adoption. The industry has experienced significant growth owing to government mandates and emission regulations aimed at reducing greenhouse gas emissions. Industries, which are among the highest emitters of GHGs, are adopting these boilers to reduce their carbon footprint, augmenting the business growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Industrial Electric Boiler Market Size in 2023: | USD 255.7 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 17% |
| 2032 Value Projection: | USD 992.6 Million |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 550 |
| Tables, Charts & Figures: | 923 |
| Segments covered: | Voltage Rating, Capacity, Application |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Industrial Electric Boiler Market Scope
