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Industrial Hot Water Boiler Market Trends

Report ID: GMI5747
Published Date: Nov 2024
Report Format: PDF

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Industrial Hot Water Boiler Market Trends

The surging focus on economic development & energy policies coupled with the growing development of smart building management systems is poised to shape the industry outlook. The rapid industrialization in developing economies along with the introduction of emission regulations will fuel the industrial boiler market. Shifting dietary preferences toward high-value food items comprising of chocolates and meat in line with changing consumer lifestyles will further boost the industry expansion. Refineries worldwide are focusing on improving efficiency and expanding capacity, driving the demand for high capacity boilers.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for industrial hot water boiler was reached USD 1.45 billion in 2024 and is estimated to grow at a 5% CAGR from 2025 to 2034, driven by the growing demand for specialty chemicals and processed food products.

The natural gas industrial hot water boiler industry will reach over USD 700 million by 2034, due to its cost-effectiveness, availability, and lower carbon emissions compared to traditional fossil fuels.

The condensing industrial hot water boiler market is anticipated to grow at a CAGR of over 5.5% through 2034, led by strict government regulations aimed at limiting carbon emissions and growing consumer preference for energy-efficient heating technologies.

The U.S. industrial hot water boiler market is set to surpass USD 350 million by 2034, bolstered by the increasing incorporation of advanced control systems and the rising demand for flexible and efficient heating solutions.

Major players in the industrial hot water boiler industry include Acme Engineering Products, ACV, Babcock Wanson, Cleaver-Brooks, Cochran, Danstokar, Ecotherm Austria GmbH, Fulton, Hoval, Hurst Boiler & Welding, Kl