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High Temperature Industrial Boiler Market Trends

Report ID: GMI7848
Published Date: Jan 2024
Report Format: PDF

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High Temperature Industrial Boiler Market Trends

Stringent government regulations aimed at curbing greenhouse gas emissions and challenging climatic conditions, coupled with sustained investments in economic development, are set to propel the industry. The optimistic perspective toward industrial facilities, aligned with the increasing need for heating units, will expedite the industry's momentum. Furthermore, the upward trajectory of industrialization, combined with the embrace of efficient steam generation systems, will foster the business outlook.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of high temperature industrial boiler was worth over USD 8.4 billion in 2023 and is estimated to grow at over 4.5% CAGR through 2034, driven by the increasing industrial activities and urbanization rate particularly in developing economies.

The fire tube industrial boiler market segment will witness a growth rate of 4.2% through 2032, owing to the introduction and successful enforcement of governmental regulations aimed at pollution control.

Europe high temperature industrial boiler market valuation crossed USD 1.9 billion in 2023. The environmental regulations and emission standards are compelling industries in the region to adopt cleaner and more efficient boiler technologies, favoring market growth.

Babcock and Wilcox Enterprises, Inc., Siemens, Bharat Heavy Electricals Limited, General Electric, The Fulton Companies, Hurst Boiler and Welding Co, Inc., Mitsubishi Heavy Industries, Ltd., Doosan Heavy Industries & Construction, John Cockerill and John Wood Group PLC among others.