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Gas Fire Tube Industrial Boiler Market Trends

Report ID: GMI9632
Published Date: May 2024
Report Format: PDF

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Gas Fire Tube Industrial Boiler Market Trends

The industry is set to witness upsurge on account of their efficiency, cost-effectiveness, and relatively simple operation. Continuous advancement in boiler technology systems comprising of heat exchangers, advanced combustion systems, and integration with digital controls will drive the demand for fire tube industrial boiler. The widespread availability and relatively low cost of natural gas in key geographies along with growing efforts to curb carbon emissions will foster the business outlook.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

Gas fire tube industrial boiler industry size was USD 780.9 million in 2023 and is projected to expand at 5.2% CAGR from 2024 to 2032, due to the paradigm shift towards cleaner energy sources along with advancement in boiler technology.

The 50 - 75 MMBtu/hr capacity segment in the gas fire tube industrial boiler market is projected to exceed USD 300 million by 2032, as they are designed to achieve high thermal efficiency and incorporate advanced heat recovery systems.

The chemical application segment in the gas fire tube industrial boiler industry is estimated to witness more than 5% CAGR between 2024 and 2032, owing to the rising demand for substantial amount of steam and hot water for various processes.

Asia Pacific industry size is projected to record over USD 350 billion by 2032, on account of the growing focusing on energy efficiency and emission reduction targets in the region.