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Europe Boiler Market Size
- Report ID: GMI2459
- Published Date: Jul 2024
- Report Format: PDF
Europe Boiler Market Size
Europe Boiler Market was valued at USD 48.8 billion in 2023 and is estimated to grow at a CAGR of over 8.1% from 2024 to 2032. Robust development in manufacturing industries coupled with increasing infrastructural investments is set to bolster the business outlook. According to the World Bank, global infrastructure investment needs are projected to reach over USD 90 trillion by 2040, further driving the growth in the sector.
The boilers are essential components in various settings used primarily for heating and generating steam. The produced steam or hot water is then circulated through pipes to provide heating for buildings, power turbines for electricity generation and support different processes. Proper maintenance and regular inspections are crucial for ensuring the longevity and efficiency of boilers, as well as for preventing potential hazards such as explosions or carbon monoxide leaks.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Boiler Market Size in 2023: | USD 48.8 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.1% |
| 2032 Value Projection: | USD 99.5 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 125 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Capacity, Fuel, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Boiler Market Scope
