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Asia Pacific Gas Fired Boiler Market Trends

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

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Asia Pacific Gas Fired Boiler Market Trends

The natural gas-fired boiler industry is poised for significant growth driven by rising investments in global infrastructure development and the growing need for space heating in residential and commercial buildings. Harsh climatic conditions are set to boost demand for hot water systems with advanced, intelligent heating technologies, further enhancing the industry potential. Additionally, the increasing emphasis on energy efficiency and carbon emission reduction in developed economies will propel the adoption of these boilers.

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.