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Industrial Water Heater Market Trends

Report ID: GMI9630
Published Date: May 2024
Report Format: PDF

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Industrial Water Heater Market Trends

Rapid industrialization primarily across the developing nations along with flourishing manufacturing sector will fuel the water heater market. These heaters are built to handle the rigorous demands of industrial environments, offering high heating capacities, rapid heat-up times, and energy-efficient operation. The product offers key benefits including precise temperature control, corrosion-resistant material & safety mechanisms to ensure reliable and long-lasting performance, accelerating the water heater market.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of industrial water heater reached USD 738.5 million in 2023 and is set to witness 7.2% CAGR from 2024 to 2032, due to the increasing demand for hot water across food processing and chemical sectors along with rising adoption of eco-friendly solutions.

The > 200 - ? 500 gallons capacity segment in the industrial water heater industry is projected to account for more than USD 600 million by 2032, as they are designed to meet the high-volume hot water requirements of large-scale operations.

The food processing application segment in the industrial water heater market is poised to depict over 7% CAGR between 2024 and 2032, owing to the implementation of stringent hygiene and safety standards in the food sector.

Asia Pacific market is projected to record more than USD 600 million by 2032, led by the stricter implementation of regulations for energy conservations and emission reductions.