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Condensing Chemical Boiler Market Size

Report ID: GMI12275
Published Date: Nov 2024
Report Format: PDF

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Condensing Chemical Boiler Market Size

The global condensing chemical boiler market size was valued at USD 579.7 million in 2024 and is estimated to grow at a CAGR of 3.9% from 2025 to 2034. Growing shift toward cleaner energy sources coupled with advancement in boiler technology aimed at enhancing efficiency and minimizing emissions will augment the business landscape. Rapid urbanization and industrialization in key geographies in conjunction with rising investment in energy infrastructure will bolster the industry potential. For instance, in December 2022, Vermont implemented revisions to its Air Pollution Control Regulations, specifically targeting emission controls from boiler systems.

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A condensing chemical boiler is a high-efficiency heating solution designed for chemical sector leveraging condensing technology to maximize energy savings. Strict environmental regulations emphasizing energy efficiency along with the enhancement and modernization of existing boiler systems will strengthen industry dynamics. Increasing focus on energy-efficient heating solutions in association with the integration of advanced digital technologies in boiler units will elevate the product adoption. Moreover, ongoing industrial expansion in tandem with growing demand for dependable & efficient steam generation systems will stimulate the demand for chemical boiler.

Condensing Chemical Boiler Market Report Attributes
Report Attribute	Details
Base Year:	2024
Condensing Chemical Boiler Market Size in 2024:	USD 579.7 Million
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	3.9%
2034 Value Projection:	USD 854.2 Million
Historical Data for:	2021 – 2024
No. of Pages:	105
Tables, Charts & Figures:	40
Segments covered:	Capacity, Product, Fuel and Region
Growth Drivers:	Flourishing chemical sector Stringent government regulations Ongoing replacements of existing boiler units
Pitfalls & Challenges:	High maintenance cost

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Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of condensing chemical boiler reached USD 579.7 million in 2024 and is set to grow at a 3.9% CAGR from 2025 to 2034, driven by advancements in boiler technology and a shift towards cleaner energy sources.

The water-tube segment is anticipated to expand at a CAGR of over 3% through 2034, led by enhanced operational efficiency and advanced technology systems.

The U.S. market is set to surpass USD 150 million by 2034, stimulated by government incentives, technological advancements, and modernization of industrial infrastructure.

The key players in the industry include Alfa Laval, Ariston Holding, Babcock and Wilcox, Babcock Wanson, BM GreenTech, Bosch Industriekessel, Clayton Industries, Cleaver-Brooks, Cochran, Forbes Marshall, Miura America, Rentech Boiler Systems, Thermax, Thermodyne Boilers, and Viessmann.