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Low Voltage Industrial Electric Boiler Market Size

  • Report ID: GMI9343
  • Published Date: May 2024
  • Report Format: PDF

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Low Voltage Industrial Electric Boiler Market Size

Low Voltage Industrial Electric Boiler Market was valued at USD 242.1 million in 2023 and is predicted to showcase about 15% CAGR between 2024 and 2032. Increasing demand for efficient and eco-friendly heating solutions along with substantial investment in green energy projects will augment the industry landscape.

 

Low Voltage Industrial Electric Boiler Market

A low voltage industrial electric boiler uses electricity as the primary source of heat generation to produce steam or hot water for industrial processes, heating systems, or other applications. These boilers are designed to be compact, efficient, and easy to install, making them suitable for various industrial settings where space and energy efficiency are important considerations. They are preferred for their precise temperature control, rapid response times, and minimal emissions compared to traditional fossil fuel boilers.

 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of low voltage industrial electric boiler was crossed USD 242.1 million in 2023 and will grow at a 15% CAGR between 2024 and 2032, due to growing demand for efficient and eco-friendly heating solutions and significant investments in green energy projects.

The paper segment in the low voltage industrial electric boiler market will witness 14.5% CAGR from 2024 to 2023, driven by the extensive use of electric boilers in paper manufacturing processes to ensure precise temperature control and energy efficiency.

Europe low voltage industrial electric boiler industry size will cross USD 300 million by 2032, attributed to stringent environmental regulations favoring clean energy solutions and the strong emphasis on sustainability.

Major companies operating in the low voltage industrial electric boiler industry are Acme Engineering Products, ACV, Babcock Wanson, Cerney, Cleaver-Brooks, Cochrane Engineering, Ecotherm Austria, FERROLI, KOSPEL, LACAZE ENERGIES, PARAT Halvorsen, Precision Boilers, Slant/Fin Corporation, The Fulton Companies, Thermon, and Vattenfall among others.

Low Voltage Industrial Electric Boiler Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 30
  • Countries covered: 31
  • Pages: 120
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