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Industrial Boiler Maintenance Market Trends

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

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Industrial Boiler Maintenance Market Trends

Encouraging governmental initiatives in emerging economies to bolster domestic manufacturing expansion are poised to lead to a surge in industrial facilities, propelling overall potential of industrial boilers. A favorable perspective on sustained political stability, coupled with ongoing endeavors to boost domestic manufacturing, is anticipated to nurture the industry landscape. The Environmental Protection Agency (EPA) has implemented regulations pertaining to the conversion of antiquated boilers, mandating the utilization of natural gas as the feedstock for steam boilers, escalating the dynamics of industry.

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.