Low Voltage Industrial Electric Boiler Market Size - By Capacity (< 10 MMBtu/hr, 10 – 50 MMBtu/hr, 50 – 100 MMBtu/hr, > 100 MMBtu/hr), By Application (Food & Beverage, Paper, Chemical, Refinery), By Regional Outlook & Forecast, 2024 – 2032

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.
 

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.

Low Voltage Industrial Electric Boiler Market Trends

Increasing inclination toward electrification along with ongoing replacement of conventional fossil fuel-based systems will positively impact the industrial boiler market. Surging demand for high-quality, reliable, and efficient boilers from businesses seeking to improve their energy consumption and reduce their environmental impact, will in turn accelerate the industry potential. Stringent environmental regulations to deploy cleaner heating systems coupled with ongoing technological advancements will fuel the product penetration.
 

Low Voltage Industrial Electric Boiler Market Analysis

The 10 MMBtu/hr low voltage industrial electric boiler industry will exceed USD 250 million by 2032. These compact and versatile boilers units a range of benefits, including precise temperature control, rapid response times, and reduced emissions when compared to its available counterparts. Furthermore, wide scale applicability of these units to meet heating requirements along with ongoing emphasis on sustainability and energy efficiency will energize the industry dynamic.
 

The paper low voltage industrial electric boiler market size will witness growth of over 14.5% through 2032. The extensive investments by private for the development & expansion of industries primarily across the developing nations will fuel the product adoption. The surplus availability of raw materials and the human resources along with macroeconomic indicators has involved high foreign greenfield investments across a wide  range of industries, which in turn will offer substantial opportunities for industry expansion.
 

Europe low voltage industrial electric boiler market is set to surpass USD 300 million by 2032. The rising replacement of traditional heating systems in line with implementation of regulations for energy conservations and emission reductions will favor the industry scenario. Shifting dietary habits toward high value packaged foods comprising of meat and chocolates in line with switching consumer lifestyle trend have created a positive business outlook. Additionally, growing urbanization rate coupled with surging modernization of existing industries will fuel the product deployment.
 

Increasing awareness of environmental sustainability along with growing focus on reducing carbon footprints will drive the U.S. low voltage industrial electric boiler market. The paradigm shift toward renewable energy sources in line with declining cost of electricity will escalate the business outlook. Moreover, advancements in technology including improved insulation materials and digital control systems, are enhancing the efficiency & reliability of these boilers, making them increasingly attractive to industrial consumers.
 

Low Voltage Industrial Electric Boiler Market Share

Babcock Wanson is one of the renowned providers of industrial heating solutions, including electric boilers, with a rich history spanning over a century. The company stands out for its commitment to innovation, reliability, and energy efficiency. Its electric boiler range caters to various industrial applications, offering solutions tailored to the specific needs of different sectors such as food processing, chemical manufacturing, and textiles.
 

Low Voltage Industrial Electric Boiler Market Companies

Some major players operating in the low voltage industrial electric boiler industry is mentioned below:

• Acme Engineering Products
• ACV
• Babcock Wanson
• Cerney
• Cleaver-Brooks
• Cochrane Engineering
• Danstoker
• Ecotherm Austria
• FERROLI
• Klöpper-Therm GmbH
• KOSPEL
• LACAZE ENERGIES
• PARAT Halvorsen
• Precision Boilers
• Slant/Fin Corporation
• The Fulton Companies
• Thermodyne Boilers
• Thermon
• Värmebaronen
• Vattenfall
   

Low Voltage Industrial Electric Boiler Industry News

• In February 2023, PARAT Halvorsen AS successfully installed state-of-the-art 15 MW, 10 kV voltage electric boiler for Brande Fjernvarme, a Danish district heating company. The cutting-edge boiler, designed to provide hot water at a temperature of 168°C and pressure of 6.5 brag, is equipped with a control cabinet and control system for optimal performance and efficiency.
  
   
• In March 2022, the Fulton Companies introduced Endura boiler, an advanced condensing hydronic boiler that was designed as a vertical fire-tube boiler with size ranging from 2,000,000 Btu/hr (EDR-2000) to nearly 1,500,000 BTU/hr (EDR-1500) along with compact footprints. Endura offers its customers with premium solutions for product design, performance, and flexibility in applications. This launch will propel the company’s product spectrum and its market presence in the electric boiler segment.
   

This low voltage industrial electric boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Capacity

• 10 MMBtu/hr
• 10 – 50 MMBtu/hr
• 50 – 100 MMBtu/hr
• > 100 MMBtu/hr 

Market, By Application

• Food & Beverage
• Paper
• Chemical
• Refinery
• Others

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • UK
  • Poland
  • Italy
  • Spain
  • Germany
  • Russia
  • Austria
  • Sweden
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Philippines
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • UAE
  • Egypt
  • Nigeria
  • Kenya
  • Morocco
  • South Africa
• Latin America
  • Brazil
  • Argentina
  • Colombia
  • Chile