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Steam Boiler Market Trends

  • Report ID: GMI3177
  • Published Date: Jul 2024
  • Report Format: PDF

Steam Boiler Market Trends

The growing focus on reducing the aftereffects of GHG emissions along with introduction of  emission control policies by the federal and state governments will drive the industry growth. The government has introduced regulation regarding the conversion of old boilers necessitate the use of clean fuels as the feedstock for heating technologies which in turn will energize the business scenario. Introduction of government objectives to attain decarbonized & highly energy-efficient building stock along with paradigm shift toward the development of green buildings in the near terms will propel the boiler market.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Steam boiler market size was worth USD 13.4 billion in 2023 and will grow at 5.8% CAGR between 2024 and 2032, propelled by the growing demand for efficient energy solutions in industrial processes, and the need for heating in commercial and residential sectors.

The natural gas segment will garner 6% CAGR through 2032 due to its high efficiency, lower emissions, and cost-effectiveness compared to coal and oil-fired boilers.

Asia Pacific steam boiler industry will reach USD 9 billion by 2032, owing to the expanding food and beverage, chemical, and power generation industries, rapid industrialization, urbanization, and the growing population.

Some of the leading steam boiler industry players include Atlantic Boilers, Babcock & Wilcox Enterprises, Babcock Wanson, Bosch Industriekessel, Clayton Industries, Cleaver-Brooks, Cochran, FERROLI, Forbes Marshall, and General Electric, among others.

Steam Boiler Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 24
  • Tables & Figures: 105
  • Countries covered: 24
  • Pages: 160
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