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Medium Voltage Industrial Electric Boiler Market Analysis

Report ID: GMI9954
Published Date: Jun 2024
Report Format: PDF

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Medium Voltage Industrial Electric Boiler Market Analysis

Medium Voltage Industrial Electric Boiler Market Size, By Capacity, 2022 - 2032 (USD Million)

The 50 – 100 MMBtu/hr segment will exceed over USD 90 million by 2032. These compact and versatile boiler units offer a range of benefits comprising of precise temperature control, rapid response times, and reduced emissions compared to its available counterparts. Moreover, their broad applicability in meeting heating requirements, coupled with the ongoing focus on sustainability and energy efficiency, will invigorate the industry dynamics.

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The chemical medium voltage industrial electric boiler market size will witness growth rate of over 14.5% through 2032. Increasing demand for efficient and environmentally friendly heating solutions in the chemical industry will positively sway the product penetration. These boilers, which operate at different voltages offering a cleaner alternative to traditional fossil fuel-based boilers by utilizing electricity to generate steam or hot water.

Asia Pacific Medium Voltage Industrial Electric Boiler Market Size, 2022 – 2032 (USD Million)

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The Asia Pacific medium voltage industrial electric boiler market is set to surpass USD 60 million by 2032. The industry landscape will benefit from the increasing shift toward replacing traditional heating systems driven by regulations aimed at conserving energy and reducing emissions. Changes in dietary habits towards high-value packaged foods including meat and chocolates aligned with evolving consumer lifestyle trends will foster a positive business outlook. Furthermore, the rising rate of urbanization and the ongoing modernization of existing industries will accelerate the product adoption.

The U.S. medium voltage industrial electric boiler industry is experiencing robust growth driven by increasing demand for sustainable and efficient heating solutions across various industries including manufacturing, chemical processing, and food production. The shift toward sustainable energy solutions in line with implementation of stringent environmental regulations aimed at reducing carbon emissions will further augment the business scenario.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of medium voltage industrial electric boiler reached USD 86 million in 2023 and will witness 15.3% CAGR between 2024 and 2032, due to increasing demand for energy-efficient and environmentally friendly heating solutions, and the need for reliable power sources.

Chemical medium voltage industrial electric boiler industry size will record 14.5% CAGR through 2032, driven by the high demand for precise and reliable heating solutions along with the focus on reducing carbon emissions and improving energy efficiency.

Asia Pacific market will surpass USD 60 million by 2032, owing to the increasing focus on sustainable energy solutions and stringent environmental regulations coupled with rapid industrialization and urbanization in countries like China and India.

Acme Engineering Products, Cleaver-Brooks, Cochrane Engineering, Parker Boiler Co., Precision Boilers, Reimers Electra Steam, Slant/Fin Corporation, The Fulton Companies, Thermon, and Vattenfall among others.