Industrial Boiler Market

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Industrial Boiler Market Trends Research
Projections For 2022- 2028
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Industry Overview

• The industrial boiler market is speculated to
  grow substantially by 2028 on account of rapidly
  expanding chemical and food processing
  industries.
• Water conducts thermal energy quickly and
  maintains heat for a longer period of time than
  air, making industrial boilers inherently energy
  efficient. They are also less prone to system
  leaks because they use pipes rather than
  ductwork, saving energy. In addition, the
  introduction of environmental regulations to
  reduce emissions has augmented market expansion
  in recent years.
• The industrial boiler market has been segmented
  on the basis of fuel, product, technology,
  capacity, application, and region. With respect
  to product, the industrial boiler market has been
  bifurcated into water-tube and fire-tube. The
  water-tube sub-segment is set to expand at a
  robust pace through the analysis timeline owing
  to increasing replacement of conventional heating
  systems with energy-efficient boilers.
• From the capacity perspective, the industrial
  boiler market has been classified into lt 10
  MMBtu/hr, 10 - 25 MMBtu/hr, 25 - 50 MMBtu/hr, 50
  - 75 MMBtu/hr, 75 - 100 MMBtu/hr, 100 - 175
  MMBtu/hr, 175 - 250 MMBtu/hr, and gt 250 MMBtu/hr.
  

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• The 25 - 50 MMBtu/hr sub-segment is anticipated
  to observe sturdy gains over the estimated period
  owing to rapid industrialization. Moreover, the
  introduction of several emission norms is likely
  to bolster segmental growth in the coming time
  period.
• The industrial boiler market size from the 100 -
  175 MMBtu/hr sub-segment is expected to progress
  at approximately 5 CAGR between 2022 and 2028.
  The gt 250 MMBtu/hr sub-segment is speculated to
  gain significant traction over the assessment
  period. Burgeoning demand for space heating and
  hot water across large-scale industries is set to
  fuel industry uptake over the forthcoming years.
• In terms of application, the market has been
  differentiated into primary metal, food
  processing, refinery, pulp paper, and chemical.
  The pulp paper sub-segment is projected to
  witness optimistic growth through the analysis
  timeframe due to the prevailing demand for heat
  or steam required at various stages.
• The primary metal sub-segment is foreseen to
  account for a considerable market share by the
  end of the forecast period.

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Industrial Boiler Market

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