Condensing Industrial Hot Water Boiler Market Trends
The industry is anticipated to witness owing to their lower fuel consumption and reduced emissions. Increasing demand for heating systems to ensure uninterrupted operations coupled with ongoing refurbishment and replacement of traditional boiler systems will cater the industry landscape. Furthermore, rapid industrial growth across the key emerging economies in conjunction with enhancement in industrial boiler design will positively complement the business scenario.
Authors:
Ankit Gupta, Saurabh Singh
Frequently Asked Questions (FAQ) :
Industry size for condensing industrial hot water boiler registered USD 312.9 million in 2023 and will expand over 5.6% CAGR between 2024 and 2032, driven by the rising demand for energy-efficient heating solutions and stringent environmental regulations promoting low-emission technologies.
The food processing application segment in the condensing industrial hot water boiler industry will grow at 5.5% CAGR up to 2032, primarily attributed to its high demand for precise and efficient heating solutions essential for various processes, including cooking, cleaning, and sterilization.
Europe industry size will exceed USD 180 million by 2032, fueled by stringent environmental regulations for promoting energy-efficient solutions and the strong emphasis on sustainability.
Leading condensing industrial hot water boiler industry players are Acme Engineering Products Ltd., Babcock Wanson, Bosch Industriekessel GmbH, FERROLI S.p.A., Fulton, HKB, Hoval, Hurst Boiler & Welding Co., Inc., Indeck Power Equipment Company, Maxtherm (India) Private Limited, and PARAT Halvorsen AS, among others.
Condensing Industrial Hot Water Boiler Market Scope
