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Condensing boiler market size is set to surpass over USD 400 million by 2032. Government regulations and incentives aimed at encouraging the adoption of energy-efficient technologies will play a substantial role in driving business expansion. Furthermore, ongoing technological advancements have enhanced their reliability, performance, and ease of maintenance, which will, in turn, promote the adoption of these products across wide tandem of applications.
The fire-tube boiler industry will witness a growth rate of 5.4% through 2032. The energy efficiency has been a prominent trend in the food processing boiler market. The manufacturers have been focusing on designing fire tube boilers that maximize heat transfer efficiency and minimize heat loss. This includes the use of advanced combustion technologies, improved insulation, and heat recovery systems, accelerating the business potential.
The 75-100 MMBtu/hr boiler market holds a share of over 15% in 2022. Significant focus in the food processing industry to reduce operational costs and environmental impact will energize the industry growth.
The key participants have been developing low-NOx burners and advanced combustion technologies to help food processing facilities meet increasingly stringent environmental regulations, which in turn will stimulate the gas fired boiler market. These systems can be easily scaled to match changing production requirements and are suitable for facilities with limited space.
Asia Pacific food processing boiler market was valued at USD 587.6 in 2022. The region has witnessed significant growth in the food and beverage industry, driven by rising population, urbanization, and changing consumer preferences. This growth has led to an increased demand for food processing boilers to support various processing operations. Paradigm shift toward reducing waste and reusing resources will positively impact the business outlook.