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Asia Pacific Gas Fired Boiler Market Size

  • Report ID: GMI11035
  • Published Date: Aug 2024
  • Report Format: PDF

Asia Pacific Gas Fired Boiler Market Size

Asia Pacific Gas Fired Boiler Market was valued at USD 20.1 billion in 2023 and is estimated to grow at a CAGR of over 7.5% from 2024 to 2032. The widespread adoption of energy-efficient space and water heating solutions, along with the replacement of traditional heating systems, will further reinforce the industry landscape.

 

Gas-fired boilers are a type of heating system that burns natural gas or propane to produce heat for various applications including residential heating, industrial processes and steam generation. These boilers are known for their efficiency, reliability, and relatively low environmental impact compared to coal-fired systems. These units operate by igniting the gas in a combustion chamber, where the heat generated is transferred to water or steam that circulates through the system. The modern boilers are often equipped with advanced controls and safety features ensuring precise temperature regulation and efficient fuel use.

 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for gas fired boiler was worth over USD 20.1 billion in 2023 and is estimated to grow at a 7.5% CAGR through 2032, due to widespread adoption of energy-efficient space and water heating solutions, along with the replacement of traditional heating systems.

Asia Pacific ? 10 MMBtu/hr gas fired boiler market size will exceed over USD 30 billion by 2032, led by rising end user inclination toward environmental impacts coupled with the introduction of stricter environmental regulations.

China gas fired boiler market size is set to surpass USD 20 billion by 2032, due to rising demand for space heating in colder climates and a robust development of green buildings.

A.O. Smith, Ariston Holding N.V., Babcock & Wilcox Enterprises, Bradford White Corporation, Carrier, Daikin Industries Ltd., FERROLI, and Forbes Marshall.

Asia Pacific Gas Fired Boiler Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 8
  • Countries covered: 7
  • Pages: 125
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