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The > 140°F - 160°F temperature segment will exceed over USD 1.15 billion by 2032. These systems are predominantly utilized in facilities such as manufacturing plants, primary metal industries, paper and pulp mills, and refineries. The implementation and effective enforcement of governmental regulations targeting pollution control have sparked a surge in the replacement of traditional heating systems, driving the industry potential.
The fire tube industrial boiler market size will witness growth rate of over 4% by 2032. The increasing demand for specialty chemicals and the evolving consumer preference for processed food items have spurred a surge in investments in new manufacturing facilities, driving the business expansion. Additionally, the food and beverage industry has witnessed significant growth owing to shifting consumption patterns and rising disposable incomes, thereby revitalizing the business potential.
The Europe low temperature industrial boiler market is set to surpass USD 750 million by 2032. The rise of budget-friendly heating systems coupled with the increasing embrace of low-emission units, will drive the adoption of these units. The growing demand, fueled by continuous advancements in boiler designs, controls, and automation, is boosting efficiency, safety, and overall performance. This is enticing industries to invest in cutting-edge systems.
U.S. industrial boiler market will witness an upsurge owing to shifting trend toward nuclear family and paradigm shift toward the smart water heating systems. Ongoing emphasis on reducing carbon emissions and enhancing operational efficiency will positively impact the business growth. Surging adopting low temperature boilers across medium scale industries in line with extensive investment toward development and expansion of industrial buildings will favor the business scenario.