Precision Business Insights has published a report on the global industrial boilers market, estimating its value at USD 17,513 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 3.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/industrial-boilers-market
The industrial boilers market refers to the industry focused on the production and use of boilers designed for industrial applications. These boilers are closed vessels that generate steam or hot water by burning fuel or using electricity. They are widely used across industries such as chemicals, food and beverages, power generation, and petrochemicals for processes like heating, sterilization, and power generation.
Drivers:
1) Growing Food and Beverage Industry: The need for steam and hot water in food processing and beverage production is driving demand for industrial boilers.
2) Technological Advancements: Innovations such as condensing boilers and IoT-enabled systems are improving energy utilization and operational efficiency.
The global industrial boilers market segmentation:
1) By Fuel: Natural Gas, Coal, Oil, Others
2) By Boiler: Fire-Tube, Water Tube, Others
3) By Technology: Condensing, Non-Condensing
4) By Function: Hot Water, Steam
5) By End-User Industry: Chemicals & Petrochemicals, Metal & Mining, Food, Paper & Pulp, Power Generation, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the industrial boilers market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the industrial boilers market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
North America (U.S., Canada)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like thermax ltd., General Electric, babcock & wilcox enterprises, inc., andritz ag, siemens ag, bharat heavy electricals ltd., forbes marshall, hitachi ltd., mitsubishi heavy industries, ltd., harbin electric corporation, cheema boilers limited, ihi corporation, ac boilers, dongfang electric corporation ltd.
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