1 / 6

Industrial Electric Boiler Market Trends, Statistics & Growth Forecast 2022- 203

Industrial Electric Boiler Market Trends, Statistics & Growth Forecast 2022- 2030

GMI1
Download Presentation

Industrial Electric Boiler Market Trends, Statistics & Growth Forecast 2022- 203

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Industrial Electric Boiler Market is expected to be USD 691.7 Million by 2030

  2. Industry Overview • The global industrial electric boiler market is poised to grow at a substantial pace over 2022-2030 owing to the high emphasis on the replacement and upgradation of existing boilers. • Fuel costs continue to rise, contributing to over 85% of the overall operating expenditure of typical boilers. This factor has supported the trend of replacing mature boilers worldwide. • Multiple private and public players are boosting their investments to support industrial advancement, especially in developing economies. The availability of surplus resources and raw materials has also attracted foreign investment in greenfield projects across industry verticals, promoting industrial electric boiler installation. • According to the Department of Climate Change, Energy, the Environment, and Water of the Australian Government, energy use accounts for over 15% of the operational costs in the food and beverage business, making energy efficiency highly critical. This growing awareness of energy efficiency is set to contribute to the popularity of electric boilers for industrial use. • The industrial electric boiler industry has been bifurcated in terms of voltage rating, capacity, application, and region.

  3. Continue… • Based on voltage rating, the market has been divided into low voltage and medium voltage. Of these, the medium voltage electric boiler segment is anticipated to depict a growth rate of more than 14% through 2030. • With respect to capacity, the market is classified into >250 MMBtu/hr, 100-250 MMBtu/hr, 50-100 MMBtu/hr, 10-50 MMBtu/hr, and < 10 MMBtu/hr segments. A remarkable demand for industrial electric boilers with 100-250 MMBtu/hr capacity has been witnessed. This popularity can be credited to their widespread usage in steel mills, large-scale food processing plants, and petrochemical facilities. • Furthermore, the ongoing development of refineries and the surging adoption of primary metals will strengthen market outlook. • Based on application, the industrial electric boiler market is bifurcated into paper, refinery, chemical, and food & beverage. Among these, the paper segment is set to register significant growth, owing to high demand for energy from industrial electric steam boilers in the pulping process.

  4. Browse Full Market Research Report Of Industrial Electric Boiler Market@ https://www.gminsights.com/industry-analysis/industrial-electric-boiler-market Inquiry Before Buying@ https://www.gminsights.com/inquiry-before-buying/5301 Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/5301

  5. Industrial Electric Boiler Market

  6. Stay In Touch Website: www.gminsights.com Social Media:

More Related