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Medium Voltage Industrial Electric Boiler Market Trends

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

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Medium Voltage Industrial Electric Boiler Market Trends

The growing trend toward electrification coupled with the ongoing shift from conventional fossil fuel-based systems will have a positive impact on the industrial boiler market. Increasing consumer inclination toward energy efficiency and minimize environmental impact are driving the demand for high-quality, reliable, and efficient boilers, thereby boosting the industry potential. In addition, stringent environmental regulations promoting cleaner heating solutions along with continuous technological advancements will further accelerate the adoption of these heating technologies.

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.