Home > Energy & Power > Electrical Equipment > Boilers > Asia Pacific Low Temperature Industrial Boiler Market

Asia Pacific Low Temperature Industrial Boiler Market Trends

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

Download Free Sample

Asia Pacific Low Temperature Industrial Boiler Market Trends

Increasing demand for water and space heating systems driven by population growth and urbanization is set to boost the boiler market. Supportive government policies aimed at enhancing energy efficiency will further spur the industry expansion. Additionally, the growing trend of industrialization along with a preference for efficient steam generation systems will contribute to the positive outlook for the business scenario.

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.