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Condensing Chemical Boiler Market Trends

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

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Condensing Chemical Boiler Market Trends

The industry is projected to surge owing to supportive environmental policies and regulations aimed at reducing GHG emissions. Increasing energy prices in line with the transition toward cleaner energy systems are driving industries to seek more energy-efficient solutions, which in turn will augment the industry landscape. Rapid industrialization and economic growth across emerging economies along with continuous innovation in boiler units will foster the adoption of industrial boiler.

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.