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Asia Pacific Low Temperature Industrial Boiler Market Size

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

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Asia Pacific Low Temperature Industrial Boiler Market Size

Asia Pacific Low Temperature Industrial Boiler Market size was valued at USD 1.2 billion in 2023 and is estimated to grow at a rate of 5.1% between 2024 and 2032. The rising industrial activities and urbanization rates particularly in developing economies will drive the deployment of these heating technologies. For instance, in 2023, the production intensity within the manufacturing sector reached over 40% across China.

Asia Pacific Low Temperature Industrial Boiler Market

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A low temperature industrial boiler is a boiler system designed to operate at temperatures below 180°F. These boilers are commonly used in industrial environments where the processes do not require very high temperatures. They are engineered with a focus on efficiency and safety, often featuring advanced controls, superior insulation, and heat recovery systems to optimize energy efficiency and reduce environmental impact.

Asia Pacific Low Temperature Industrial Boiler Market Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific Low Temperature Industrial Boiler Market Size in 2023:	USD 1.2 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.1%
2032 Value Projection:	USD 1.9 Billion
Historical Data for:	2021 – 2023
No. of Pages:	100
Tables, Charts & Figures:	10
Segments covered:	Temperature, Fuel, Capacity, Technology, Product, Application & Country
Growth Drivers:	Robust industrialization & implementation of stringent emission regulations Ongoing upgradation of existing heating systems
Pitfalls & Challenges:	High cost

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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.