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North America Boiler Market Size
- Report ID: GMI7285
- Published Date: Jun 2024
- Report Format: PDF
North America Boiler Market Size
North America Boiler Market was valued at USD 6.7 billion in 2023 and is estimated to grow at a CAGR of 5.8% from 2024 to 2032. The rapid growth of commercial space coupled with ongoing replacement of the existing heating systems with energy-efficient units will foster the product penetration. For instance, in 2023, multifamily residential real estate constituted over 35% of the overall commercial property investment across the U.S.
A boiler is a precision-engineered device designed to produce hot water or steam for heating and industrial needs. By heating water or other fluids, boilers generate the necessary output, whether it's hot water for heating spaces or steam for industrial processes. They are integral to residential, commercial, and industrial settings, serving to provide central heating, hot water supply, and energy across diverse applications.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Boiler Market Size in 2023: | USD 6.7 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.8% |
| 2032 Value Projection: | USD 11.1 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 8 |
| Segments covered: | Fuel, Capacity, Application & Country |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
North America Boiler Market Scope
