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Industrial Boiler Market Size
- Report ID: GMI622
- Published Date: Jul 2024
- Report Format: PDF
Industrial Boiler Market Size
Industrial Boiler Market was valued at USD 10.5 billion in 2023 and is estimated to grow at a CAGR of 4.7% from 2024 to 2032. Strict government mandates to reduce Greenhouse Gas Emissions (GHGs) and extreme climatic conditions along with ongoing investments in economic growth will boost the industry trend.
Industrial boilers are vessels designed to generate steam or heat water for heating purposes in various industrial processes. The shift from traditional heating systems to high-performance units, combined with stringent government regulations aimed at reducing carbon emissions, will drive industry growth. Furthermore, the increasing demand for heat and steam across various industries, along with advancements in energy-efficient boilers, will enhance the industry prospects.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Industrial Boiler Market Size in 2023: | USD 10.5 Billion |
| Forecast Period: | 2024-2032 |
| Forecast Period 2024-2032 CAGR: | 4.7% |
| 2032 Value Projection: | USD 15.9 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 72 |
| Segments covered: | Product, Capacity, Technology, Application, Fuel & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Industrial Boiler Market Scope
