Gas Fired Boiler Market Analysis by Top Key Players - Miura America, Babcock & Wilcox, AMEC Foster Wheeler, Forbes Marshall, Ferroli, Fulton, Vaillant, Rentech Boiler, Fondital, Viessmann, Weil-McLain, Bradford White, Groupe Atlantic, Burnham Holdings, Ho

The Gas Fired Boiler Market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.

Gas Fired Boiler Market is predicted to exceed USD 20 Billion by 2024. Reviving economic growth across developing nations along with rising focus toward adoption of energy efficient water and space heating will stimulate the industry growth. Ongoing infrastructural investment along with regulatory measures to mitigate the GHG emissions will fuel the adoption of gas fired boilers. The EU has set key target to minimize greenhouse gas emissions by 40% as compared to 1990 levels.

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Notable players operating in the gas fired boiler market include Miura America, Babcock & Wilcox, AMEC Foster Wheeler, Forbes Marshall, Ferroli, Fulton, Vaillant, Rentech Boiler, Fondital, Viessmann, Weil-McLain, Bradford White, Groupe Atlantic, Burnham Holdings, Hoval, BDR Thermea Group, A.O. Smith, Parker Boiler, Bosch, Carrier and Hurst Boiler among the others.

Rising focus toward substitution of traditional boilers on account of their growing maintenance costs and inferior operational performance will stimulate the gas fired boiler market share. Low maintenance costs, high energy efficiency along with easy availability of fuel are few of the prominent features which will further encourage the product adoption. As per the EIA, in 2016, over 7,700 bcf of natural gas was utilized by the industrial sector.

Resurgent economic growth in key nations across the globe coupled with changing trends toward processed food consumption will drive industrial gas fired boiler market. As per the United Nations Industrial Development Organization, in 2016, the chemical industries added over USD 400 billion to total manufacturing value. Favorable government policies toward the expansion and development of commercial and industrial infrastructures will further complement the business landscape.

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