Press release
Industrial Boiler Market is Predicted to Rise at a CAGR of 4.4% during the Forecast Period, mentions TMR Study
The latest research study released by Transparency Market Research on "๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐จ๐ข๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ญ๐จ ๐๐๐๐-๐๐๐๐ โณ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Industrial Boiler industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.Industrial Boiler market is estimated to attain a valuation of US$ 18.0 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.4% during the forecast period, 2023-2031
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=75333
Industrial boilers play a vital role in the production of energy. The rapidly growing petrochemical and chemical industry in developing economies including India and China is expected to drive the industrial boiler market size. Industrial boilers are used in many industries such as food and beverages (including breweries), building materials, wood, paper, chemicals, oil & gas, and automotive.
To meet the increase in demand for industrial boilers, companies are expanding their existing manufacturing units and setting up new industrial plants. They are developing large-scale boilers to provide greater capacity to end-users.
The global industrial boiler market demand is expected to grow further due to increase in investment in the development of large energy projects globally. Moreover, the establishment of power plants in different regions is propelling global industrial boiler market growth.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=75333
๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐จ๐ข๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
Europe dominated the industrial boiler market and accounted for the largest revenue share in 2023. The region is expected to dominate the industry due to several factors, including rapid industrialization and growing industries such as FMCG, food & beverages, and energy. Additionally, strict European government regulations on harmful emissions are expected to increase the demand for industrial boilers.
The market is growing steadily in Asia Pacific with the adoption and installation of power generation plants. Governments of countries such as India and China are focusing on investing in green energy projects to stop pollution by reducing greenhouse gases.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐จ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Babcock & Wilcox Enterprises Inc., Bosch Industriekessel GmbH, Doosan Heavy Industries Vietnam Co., Harbin Electric Corporation Co. Ltd., Hurst Boiler & Welding Co, Inc., IHI Corporation, McKenna Boiler Works Inc., Mitsubishi Heavy Industry Ltd., Rakhoh Industries Pvt. Ltd., Sofinter S.p.a . Thermax, Byworth Boilers, ZHENGZHOU BOILER (GROUP) CO., LTD., General Electric, and Alfa Laval.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง -
This report has explored the key segments: by Type and by Application. The lucrativeness and growth potential have been looked into by the industry experts in this report. This report also provides revenue forecast data by type and by application segments based on value for the period 2023-2031.
๐๐๐ฏ๐ ๐๐ง๐ฒ ๐๐ฎ๐๐ซ๐ฒ? ๐๐ฌ๐ค ๐๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=75333
๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Inย August 2022, Thermax launched a multi-fuel boiler solution for industrial users who want to switch from a conventional portfolio to an eco-friendly one with input switching flexibility. Thermax Babcock & Wilcox Energy Solutions introduced the multi-waste solution, FlexiSource, which provides energy input flexibility. It overcomes the problem of fuel availability caused by geopolitical developments, other costs, and environmental factors.ย
๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฅ๐๐ญ๐ฌ ๐ฒ๐จ๐ฎ ๐ข๐๐๐ง๐ญ๐ข๐๐ฒ ๐ญ๐ก๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐จ๐ข๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ ๐ฆ๐๐๐ง๐ฌ ๐จ๐ ๐ ๐ซ๐๐ ๐ข๐จ๐ง:
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐ ๐ซ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐๐ฅ ๐ ๐ข๐ฅ๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ- https://www.prnewswire.com/news-releases/agricultural-films-market-to-be-valued-at-us-25-1-bn-by-2031--tmr-report-301590649.html
๐๐จ๐ฎ๐ฌ๐๐ก๐จ๐ฅ๐ ๐๐จ๐จ๐ค๐ข๐ง๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐ง๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ- https://www.prnewswire.com/news-releases/household-cooking-appliances-market-size-worth-us-126-4-bn-by-2031--states-tmr-study-301590145.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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