Gas Fueled Fire Tube Chemical Boiler Market Trends
The industry is set for substantial growth propelled by supportive environmental policies and regulations aimed at reducing greenhouse gas emissions. Growing utilization of these systems across various application including heating, sterilization and processing in chemical industry coupled with a transition toward cleaner energy systems will strengthen the industry scenario. Rapid economic expansion and growing industrialization across key regions along with ongoing advancements in boiler technology, are further accelerating the adoption of fire tube chemical boilers.
Authors:
Ankit Gupta, Saurabh Singh
Frequently Asked Questions (FAQ) :
The global market for gas fueled fire tube chemical boiler was worth over USD 297.5 million in 2023 and is set to grow at a CAGR of 5% between 2024 and 2032, driven by the heightened emphasis on energy-efficient systems and significant advancements in boiler technology.
The < 10 MMBtu/hr capacity gas fueled fire tube chemical boiler industry will cross over USD 140 million by 2032, due to the rising demand for efficient & small-scale steam generation solutions in the chemical industry.
The non-condensing segment is projected to expand at a CAGR of over 4.5% until 2032, The move toward automation and digitalization in industrial processes along with the integration of advanced control systems, is shaping the industry landscape.
The U.S. market is expected to exceed USD 100 million by 2032, on account of favorable government incentive programs and advanced technological systems combined with competitive fuel pricing & long-term saving
Major companies operating in the fueled fire tube chemical boiler market are ALFA LAVAL, Applied Control, Ariston Holding, Babcock Wanson, Bosch Industriekessel, Clayton Industries, Cleaver-Brooks, Cochran, EPCB Boiler, Forbes Marshall, Henan Province Sitong Boiler, Miura America, Rentech Boiler Systems, Ross Boilers, Thermax, Thermodyne Boilers, Viessmann, and Zhengzhou Boiler Group.
