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Gas Water Tube Industrial Boiler Market Trends

Report ID: GMI9537
Published Date: May 2024
Report Format: PDF

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Gas Water Tube Industrial Boiler Market Trends

The industry is anticipated to witness owing to their high efficiency and lower emissions as compared to traditional units. Industries including petrochemicals, refining, and pulp and paper, which is heavily rely on steam for various processes are gaining traction owing to their expansion and modernization efforts, thereby enhancing the boiler market. Moreover, rapid industrial growth across emerging economies along with enhancement in boiler design will positively sway the business scenario.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

Market size for gas water tube industrial boiler was USD 2.2 billion in 2023 and is expected to register 5.7% CAGR from 2024-2032 owing to the increasing environmental concern and stringent regulations to reduce carbon emission in line with rapid industrialization & urbanization worldwide.

Gas water tube industrial boiler industry from the chemical segment is expected to surpass USD 800 million by 2032 due to increasing demand for plastics, polymers, and specialty chemicals.

Asia Pacific market is expected to record over USD 1.1 billion by 2032 due to growing demand for efficient and reliable steam generation units in the region.

Fulton, Hoval, Indeck Power Equipment Company, Kawasaki Thermal Engineering Co., Ltd., Rentech Boiler Systems, Inc., SUPERIOR BOILER, Thermax Limited, Thermodyne Boilers, and Victory Energy Operations, LLC, are some of the major gas water tube industrial boiler companies worldwide.