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Low Voltage Industrial Electric Boiler Market Trends

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

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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.

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.