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Office Boiler Market was valued at USD 2.6 billion in 2022 and is poised to record more than 7% CAGR from 2023 to 2032. The increasing demand for space heating in office spaces along with stern policy framework for the development of green buildings will result in an upward trend for the market. Furthermore, the need for effective space heating solutions in especially in colder climates, will fuels the demand for boilers.
Surge in replacement of the existing heating units with energy-efficient boilers are proven to be influential in shaping the demand curve for the industry. Increasing government spending across the healthcare industry along with extensive investments by the public & private players will fuel the boiler market. Increasing applicability of these units for space heating, autoclaves equipment sterilization, and water heating purposes will propel the industry outlook.
Report Attribute | Details |
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Base Year: | 2022 |
Office Boiler Market Size in 2022: | USD 2.6 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7% |
2032 Value Projection: | USD 5.1 Billion |
Historical Data for: | 2019 to 2022 |
No. of Pages: | 500 |
Tables, Charts & Figures: | 1,497 |
Segments covered: | Fuel, Capacity, Technology, Product |
Growth Drivers: |
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Pitfalls & Challenges: |
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