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Low Voltage Commercial Electric Boiler Market Trends

Report ID: GMI9010
Published Date: Apr 2024
Report Format: PDF

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Low Voltage Commercial Electric Boiler Market Trends

Stringent government emission norms & regulations along with increasing government focus toward deployment of energy efficient boilers will augment the business landscape. Introduction of favorable policies and funding schemes to promote energy efficiency will foster the electric boiler market. Furthermore, increasing investments across the healthcare sector along with upgradation and expansion of educational institutions will positively sway the industry scenario.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of low voltage commercial electric boiler was reached USD 1.14 billion in 2023 and is expected to register 15.2% CAGR from 2024 to 2032, owing to substantial investments from both private and public entities aimed at developing commercial buildings, particularly in emerging economies worldwide.

Low voltage commercial electric boiler industry from the ? 0.3 - 2.5 MMBtu/hr segment is expected to exceed USD 350 million by 2032, due to widespread adoption of the product in various medium-scale applications for steam generation.

Europe low voltage commercial electric boiler industry is expected to reach over USD 1.95 billion by 2032, due to growing consumer preference and environmental pressures favoring the installation of efficient and dependable heating units in the region.

ACV, Hi-Therm Boilers Pvt. Ltd., LAARS Heating Systems Co., Lochinvar, Precision Boilers, Slant/Fin Corporation, The Fulton Companies, Thermona, spol. s.r.o., Thermon, Värmebaronen, and Vattenfall AB, are some of the major low voltage commercial electric boiler companies worldwide.