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Boiler Market Growth: Key Drivers and Emerging Opportunities

In 2024, the global boiler market witnessed significant shifts, driven by a growing demand for energy-efficient solutions and environmental regulations. The demand for boilers in major countries such as the United States, China, and Germany remained robust, primarily owing to industrial growth, infrastructure development, and increasing heating needs in residential and commercial sectors.<br>

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Boiler Market Growth: Key Drivers and Emerging Opportunities

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  1. BOILER MARKET SET TO EXPAND WITH RISING INDUSTRIAL DEMAND Published by: Apurva, Marketing Head

  2. Market Size & Overview: The global boiler market was valued at approximately USD 44.80 billion in 2024 and is projected to reach nearly USD 98.44 billion by 2032, growing at a CAGR of 10.34% from 2025 to 2032. This growth is driven by increasing demand for energy-efficient heating solutions across various industries, including residential, commercial, and industrial sectors. Boilers, as closed vessels that heat water to produce steam or hot water, play a crucial role in applications such as heating buildings, generating electricity, and sterilizing equipment.

  3. Market Growth & Opportunities Environmental Regulations: Governments worldwide are implementing stringent emission norms, prompting industries to adopt eco-friendly and high-efficiency boilers. Technological Advancements: Innovations in boiler design and materials have led to enhanced efficiency and durability, making modern boilers more appealing to end-users. Renewable Energy Integration: The shift towards renewable energy sources has opened opportunities for biomass and solar-powered boilers, aligning with global sustainability goals. Sample Request

  4. Market Segmentation by Fuel Type by Application Natural Gas & Biomass Residential Coal Commercial Oil Industrial Others by End-Use Industry by Boiler Type Chemical Fire-Tube Food Water-Tube Refineries Metals & Mining Others

  5. Regional Analysis: North America: The region exhibits steady growth due to the modernization of existing heating infrastructure and a focus on energy-efficient systems. The U.S. government’s incentives for adoptinggreen technologies furtherbolster the market. Europe: Leading in the adoption of high-efficiency boilers, Europe benefits from strict environmental policies and a strong emphasis on reducing carbon footprints. Countries like Germany and the UK are at the forefront, investing heavily in advanced boiler technologies.

  6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request

  7. Merges and Acquisition The boiler industry has witnessed strategic mergers and acquisitions aimed at enhancing product portfolios and expandingmarket reach: Acquisition of Hurst Boiler & Welding Co., Inc.: In 2023, Cleaver-Brooks, Inc. acquired Hurst Boiler & Welding Co., Inc., aiming to broaden its product offerings and strengthen its position in the industrialboiler market. Merger between Babcock & Wilcox Enterprises and SPIG S.p.A.: This merger, completed in 2022, combined Babcock & Wilcox's expertise in energy and environmental technologies with SPIG's capabilities in cooling systems, enhancing their competitive edge in the global boiler market. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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