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Asia Pacific Industrial Boiler Maintenance Market Trends

Report ID: GMI9507
Published Date: May 2024
Report Format: PDF

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Asia Pacific Industrial Boiler Maintenance Market Trends

Government initiatives in emerging economies promoting domestic manufacturing expansion have driven the growth in industrial facilities, boosting the potential of industrial boilers. Favorable political stability along with efforts to enhance domestic manufacturing is anticipated to foster industry growth. EPA regulations mandating the use of natural gas as feedstock for steam boilers to replace antiquated ones will further reshape the industry landscape. The predictive maintenance techniques grow, minimizing downtime and optimizing boiler performance for enhanced productivity.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific industrial boiler maintenance market size was valued at USD 9.8 billion in 2023 and is estimated to grow at 5.2% CAGR during 2024-2032, driven by strict government compliance & standards along with increasing investments across the industrial sector.

The fire tube segment in the Asia Pacific industrial boiler maintenance market held a decent share in 2023 and will exceed over USD 5.5 billion by 2032, driven by growing industrialization and urbanization.

China industrial boiler maintenance market size is set to surpass USD 7.5 billion by 2032, driven by rising economic expansion and heightened industrial operations.

ALFA LAVAL, Babcock & Wilcox Enterprises, Inc., Babcock Wanson, Bosch Industriekessel GmbH, Hurst Boiler & Welding Co, Inc., IBL Group of Companies, and John Wood Group PLC among others.