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Boiler Insurance Market Size, Share, Industry Growth, Forecast And Market Report 2023-2032
Boiler Insurance Market Report
Boiler Insurance Market Size, Growth Rate, And Forecast:
The global boiler insurance market size is expected to grow from $9.21 billion in 2022 to $10.61 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global boiler insurance market size is expected to reach $18.10 billion in 2027 at a CAGR of 14.3%.
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Boiler Insurance Market Drivers:
The growing number of explosions and related damage in industries is driving the boiler insurance market. Boilers are closed vessels that are used to heat water and produce steam that is used for industrial applications. Boilers operate at high temperatures and are needed to be operated with precautions. Sometimes boilers explode upon failure of safety precautions. These fires can be catastrophic and cost huge amounts of companies. Boiler insurance can save companies from financial losses in these conditions.
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Boiler Insurance Market Segments
•By Type: Boiler Repairs, Boiler Servicing, Plumbing And Drainage Repairs, Other Types
•By Boiler Type: Fire-Tube, Water-Tube
•By Plans: Gold, Platinum, Other Plans
•By End User: Chemicals, Refineries, Metal And Mining, Food And Beverages, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Boiler Insurance market.
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Boiler Insurance Market Key Players:
Major competitors in the boiler insurance market include Aviva PLC., Axa S A, Bosch Thermotechnology Ltd., Centrica PLC., CORGI HomePlan Ltd., Domestic & General Group Limited, Future Generali India Insurance Co Ltd., HomeServe Membership Ltd., Tata AIG General Insurance Company Limited, The Hartford Steam Boiler Inspection and Insurance Company, Your Care Services, Zurich Insurance Group, Liberty Mutual Group, HDFC ERGO General Insurance Company and The Travelers Indemnity Company.
The Business Research Company's "Global Boiler Insurance Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Boiler Insurance Market Include:
1. Executive Summary
2. Boiler Insurance Market Characteristics
3. Boiler Insurance Market Trends And Strategies
4. Boiler Insurance Market - Macro Economic Scenario
5. Boiler Insurance Market Size And Growth
....
26. Africa Boiler Insurance Market
27. Boiler Insurance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Boiler Insurance Market
29. Boiler Insurance Market Future Outlook and Potential Analysis
30. Appendix
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