Press release
Boiler Insurance Market Going Beyond Trends To Drive Industry Forward | HDFC ERGO General Insurance Company (India), British Gas (United Kingdom), CORGI HomePlan Ltd (United Kingdom)
The term ""boiler"" refers to a closed vessel in which fluids are heated to high temperatures in order to produce steam and vapour. It's used in a variety of heating applications, including sanitation, water and central heating, cooking, and boiler-based electricity generation. Boiler insurance is meant to compensate you for any property damage or business losses caused by equipment failure, collapse, or explosion.Boiler Insurance Market size to expand at a massive CAGR of 15% from 2021 to 2027.
Top Key Players Profiled in This Report: HDFC ERGO General Insurance Company (India), British Gas (United Kingdom), CORGI HomePlan Ltd (United Kingdom), Domestic & General Insurance PLC. (United Kingdom), Zurich Insurance Group Ltd. (Switzerland), Liberty Mutual Insurance Company (United States) and HomeServe (United Kingdom).
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The main goal of boiler insurance is to cover the expense of repairing or replacing damaged equipment, such as motors, computers, telephones, and electrical equipment, as well as the cost of repairing or replacing the damaged boiler. Furthermore, a growing number of commercial and industrial end users are purchasing boiler insurance to help them save money on boiler repair costs.
For the projected period, the Global Boiler Insurance Market research provides a comprehensive assessment of the market. The research includes several sectors as well as an analysis of the market's major trends and determinants. These market dynamics elements include the drivers, restraints, opportunities, and challenges, as well as the impact of these factors on the market. The market inherent elements are the drivers and restrictions, while the market's extrinsic aspects are the opportunities and challenges.
Boiler Insurance Market, By Segmentaion:
Market segment by Application, can be divided into
Chemicals
Refineries
Metal & Mining
Food & Beverages
Others
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Throughout the forecast period, the Global Boiler Insurance Market study provides a perspective on the market's evolution in terms of revenue. This study provides an all-encompassing analysis environment for the Global Market. The market estimations were derived from research into the impact of different social, political, and economic factors, as well as current market dynamics, on global market growth.
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