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Industrial Water Heater Market Size
- Report ID: GMI9630
- Published Date: May 2024
- Report Format: PDF
Industrial Water Heater Market Size
Industrial Water Heater Market size was valued at USD 738.5 million in 2023 and is estimated to grow at a CAGR of 7.2% between 2024 and 2032. Increasing demand for hot water across the industries including food processing and chemical along with rising adoption of eco-friendly solutions will drive the business growth. For instance, the EU's industrial production increased by over 8% in 2023 when compared with the last year.
An industrial water heater is a specialized device designed to heat large volumes of water for various industrial applications. These units are built to handle the high demands and rigorous operating conditions typical of industrial environments. These systems are vital for maintaining the efficiency and productivity of industrial operations, ensuring a reliable and consistent supply of hot water tailored to the specific needs. These water heaters allow water to come in direct contact with the heat source, leading to efficient heating.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Industrial Water Heater Market Size in 2023: | USD 738.5 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.2% |
| 2032 Value Projection: | USD 1.36 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 118 |
| Tables, Charts & Figures: | 52 |
| Segments covered: | Capacity, Fuel, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Industrial Water Heater Market Scope
