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Asia Pacific Low Temperature Industrial Boiler Market Analysis

  • Report ID: GMI9689
  • Published Date: May 2024
  • Report Format: PDF

Asia Pacific Low Temperature Industrial Boiler Market Analysis

The > 140°F - 160°F temperature segment will reach over USD 600 million by 2032. The prevalence of these systems is primarily seen in industrial facilities including manufacturing plants, primary metal industries, paper and pulp mills, and refineries. The adoption and stringent enforcement of government regulations aimed at pollution control have fueled a rise in replacing conventional heating systems which in turn will enhance the industry prospects.
 

Asia Pacific Low Temperature Industrial Boiler Market Share, By Product, 2023

The fire tube low temperature industrial boiler market size will witness growth rate of over 4.5% through 2032. The growing need for specialty chemicals and changing consumer tastes favoring processed food products have led to a notable increase in investments in new production facilities, fueling the business dynamics. Furthermore, the food and beverage sector has experienced substantial growth owing to changing consumption trends and increased disposable incomes, thereby rejuvenating the industry prospects.
 

China Low Temperature Industrial Boiler Market Size, 2022 - 2032 (USD Million)

The China low temperature industrial boiler market is set to surpass USD 900 million by 2032. The increasing popularity of affordable heating systems combined with a greater acceptance of low-emission units is set to propel the adoption of these technologies. The rising demand supported by ongoing advancements in boiler controls, designs and automation is enhancing efficiency, safety, and overall effectiveness. Consequently, industries are increasingly motivated to invest in state-of-the-art systems.
 

Growing emphasis on energy efficiency and environmental sustainability along with shifting consumer focus to limit carbon emissions will fuel the South Korea China low temperature industrial boiler industry. Increasing spending toward the development of industrial infrastructure along with ongoing modernization of existing facilities will drive the business outlook. Robust manufacturing base in line with improved living standards will further energize the industry dynamic.

Authors: Ankit Gupta , Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for low temperature industrial boiler in Asia Pacific reached USD 1.2 billion in 2023 and is set to witness 5.1% CAGR from 2024 to 2032, owing to the rising industrial activities and urbanization rates particularly in developing economies in the region.

Asia Pacific low temperature industrial boiler industry from the > 140°F - 160°F segment and is expected to reach over USD 600 million by 2032, due to prevalence of these systems in industrial facilities including manufacturing plants, primary metal industries, paper and pulp mills, etc.

China market is projected to surpass USD 900 million by 2032, attributed to increasing popularity of affordable heating systems combined with a greater acceptance of low-emission units in the country.

IHI Corporation, John Wood Group PLC, Mitsubishi Heavy Industries, Ltd., Miura America Co., LTD., The Fulton Companies, Thermax Limited, and WM Technologies LLC, are some of the major low temperature industrial boiler companies from Asia Pacific.

Asia Pacific Low Temperature Industrial Boiler Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 10
  • Countries covered: 7
  • Pages: 100
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