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North America Industrial Boiler Market PPT

North America Industrial Boiler Market PPT

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North America Industrial Boiler Market PPT

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  1. North America Industrial Boiler Market Trends Research & Projections For 2022- 2028

  2. Industry Overview • The North America industrial boiler market is slated to register lucrative expansion by 2028 owing to increased acceptance from industries. Additionally, surging adoption of new smart boiler technology for operations, coupled with government regulations to curb toxic emissions, is anticipated to further drive market demand through the forecast period. • Industrial boilers are renowned for their massive heat production and energy efficiency that are vital for production processes. Rising usage in small industries due to augmented consumer awareness towards the adoption of efficient heating systems has been favorable for the growth of the North America industrial boiler market. • Notably, mounting need to replace old boilers with technologically advanced, modern, and energy efficient boilers has also played a crucial role in business growth. Recently, companies in the sector have been formulating lucrative strategies to gain a stronger foothold in the global industry, thereby enhancing North America industrial boiler market dynamics. • For instance, in January 2020, Miura America, a major industrial boiler manufacturer, teamed up with insurance firm Hartford Steam Boiler and Armstrong International, a key financial services company, to deliver Steam-as-a-Service to the industry in order to resolve the challenges faced by steam users like declining workforce expertise, capital funding, and subpar system efficiencies.

  3. Continue… • In another instance, in January 2020, Babcock & Wilcox Construction Co., a subsidiary of energy and technologies specialist Babcock and Wilcox Enterprise, was given a contract for more than USD 5 million for the installation of retrofit boiler equipment at a coal-fired power plant in the United States. • The North America industrial boiler market has been bifurcated on the basis of fuel, capacity, technology, product, application and country. In terms of fuel, the market has been classified into natural gas, oil, and coal. Out of these, coal fired commercial boilers accounted for a revenue of more than USD 110 million in 2021 and are projected to grow at a robust pace over 2022-2028. • With reference to capacity, the North America industrial boiler market has been divided into < 10 MMBtu/hr, 10 - 25 MMBtu/hr, 25 - 50 MMBtu/hr, 50 - 75 MMBtu/hr, 75 - 100 MMBtu/hr, 100 - 175 MMBtu/hr, 175 - 250 MMBtu/hr, and > 250 MMBtu/hr. The 10 - 25 MMBtu/hr segment is likely to exhibit substantial growth through the review timeline owing to ongoing replacement of conventional heating systems with energy-efficient boilers. • The 25 - 50 MMBtu/hr segment is poised to reach a sizable valuation by 2028 driven by changing demographics, increasing population, and improvement in living standards.

  4. Browse Full Market Research Report Of North America Industrial Boiler Market @ https://www.gminsights.com/industry-analysis/north-america-industrial-boiler-market Inquiry Before Buying@ https://www.gminsights.com/inquiry-before-buying/5240 Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/5240

  5. North America Industrial Boiler Market

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