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Commercial Steam Boiler Market Size
- Report ID: GMI9363
- Published Date: May 2024
- Report Format: PDF
Commercial Steam Boiler Market Size
Commercial Steam Boiler Market size was valued at USD 4.2 billion in 2023 and is estimated to grow at a CAGR of 7.4% between 2024 and 2032. Government focus toward facilitating basic healthcare services will result in construction of new healthcare facilities in rural areas, which in turn will offer significant opportunities for industry expansion. For instance, as per the European Commission, in 2023, more than half of the European Union’s building infrastructure lack energy-efficient systems.
A commercial steam boiler is a device used to generate steam for various commercial processes. It's typically used in settings comprising of hospitals, hotels, factories, and laundries, among others. These boilers operate by heating water to produce steam, which is then distributed through pipes to different areas where it's needed for heating, cleaning, cooking, or other processes. These systems come in various sizes and configurations depending on the specific application and the amount of steam required.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Commercial Steam Boiler Market Size in 2023: | USD 4.2 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.4% |
| 2032 Value Projection: | USD 8 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 124 |
| Tables, Charts & Figures: | 65 |
| Segments covered: | Capacity, Fuel, Technology, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Commercial Steam Boiler Market Scope
