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Industrial Boiler Maintenance Market Size

Report ID: GMI7691
Published Date: Dec 2023
Report Format: PDF

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Industrial Boiler Maintenance Market Size

Industrial Boiler Maintenance Market was valued at USD 20.9 billion in 2023 and is projected to expand at around 5% CAGR from 2024 to 2032. Increasing investments in energy-efficient boiler systems and maintenance practices to reduce operational costs and comply with environmental regulations will drive the business growth.

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Paradigm shift toward predictive maintenance using advanced analytics, sensors, and Internet of Things technologies was gaining popularity, which in turn will fuel the product penetration. This approach helps to predict equipment failures before they occur, reducing downtime and optimizing maintenance schedules, accelerating the industry potential.

Industrial Boiler Maintenance Market Report Attributes
Report Attribute	Details
Base Year:	2023
Industrial Boiler Maintenance Market Size in 2023:	USD 20.9 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5%
2032 Value Projection:	USD 32.7 Billion
Historical Data for:	2019 to 2023
No. of Pages:	150
Tables, Charts & Figures:	393
Segments covered:	Product, Application
Growth Drivers:	Stringent government compliance & standards Increasing investments across the industrial sector Surging focus toward adoption of smart heating technologies Preventive maintenance culture & rising awareness of safety
Pitfalls & Challenges:	High maintenance cost

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Industrial boiler maintenance refers to the regular activities and procedures undertaken to ensure the efficient and safe operation of industrial boilers. The industrial boilers are used to generate steam or heat for various industrial processes, such as power generation, heating, and manufacturing. Proper maintenance is crucial to prevent breakdowns, improve efficiency, and ensure the safety of personnel and equipment.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of industrial boiler maintenance was worth USD 20.9 billion in 2023 and is expected to reach over USD 32.7 billion by 2032, due to increasing investments in energy-efficient boiler systems and maintenance practices to reduce operational costs worldwide.

Water tube industrial boiler maintenance industry is expected to register 5.1% CAGR from 2024 to 2032, owing to growing stringent safety regulations and environmental compliance standards for boilers.

North America industrial boiler maintenance industry reached over USD 3.8 billion in 2023 and is expected to register commendable CAGR from 2024 to 2032, due to the rapid economic growth and increased industrial activities in the region.

ALFA LAVAL, Rentech Boiler Systems, Inc., Bosch Industriekessel GmbH, Cleaver-Brooks, Hurst Boiler & Welding Co, Inc., Mitsubishi Heavy Industries, Ltd., IBL Group of Companies, WIKA Instruments India Pvt. Ltd., and Stork are some of the major industrial boiler maintenance companies worldwide.