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Industrial Electric Boiler Market Trends

Report ID: GMI5301
Published Date: Jul 2024
Report Format: PDF

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Industrial Electric Boiler Market Trends

The industries being among the largest GHG emitters are adopting these boilers to lower their carbon footprint, thereby driving business growth. Shifting dietary habits toward high-value-added foods including meat and chocolate along with evolving consumer lifestyle trends will enhance the industry outlook. The increasing demand for processed foods is set to drive the expansion of food processing units, thereby boosting the product penetration. Government mandates aimed at reducing industrial pollution have led to an increase in the replacement of traditional heating systems, thereby stimulating the industrial boiler market.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Industrial electric boiler industry size was worth USD 255.7 million in 2023 and will expand at 17% CAGR between 2024 and 2032 owing to their versatility and reliability in providing consistent heating, along with advancements in control systems.

Low voltage segment will register USD 600 million by 2032, propelled by their widespread applicability in various industries, ease of installation, lower operational costs, and enhanced safety features.

Europe industrial electric boiler industry size will exceed USD 400 million by 2032 due to the ambitious targets for reducing carbon emissions and stringent environmental regulations favoring clean energy solutions.

Cleaver-Brooks, Cochrane Engineering, Danstoker A/S, Ecotherm Austria GmbH, Electro-Steam Generator Corp., FERROLI S.p.A, Klöpper-Therm GmbH & Co. KG, KOSPE, LACAZE ENERGIES, PARAT Halvorsen AS, Precision Boilers, and Reimers Electra Steam, Inc, among others.