The Industrial Boilers Global Market Report 2023, provides comprehensive information on the industrial boilers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Industrial Boilers Global Market Report 2023, the global industrial boilers market size is expected to grow from $13.52 billion in 2022 to $14.46 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. 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 industrial boilers market size is expected to reach $18.26 billion in 2027 at a CAGR of 6%.
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Technological advancements are a key trend in gaining popularity in the industrial boiler market. Major companies operating in the industrial boiler market are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2021, Babcock Wanson Ltd., a UK-based producer of industrial boilers and burners, thermal oxidizers, and air treatment, developed the GOOD LOOP Concept – NOx Abatement technology to minimize NOx emissions in industrial boilers. The GOOD LOOP concept’s innovative technology is the direct injection of recycled exhaust gases into the combustion chamber by an extra, specialized fan. GOOD LOOP technology would allow it to cut NOx emissions from its two distinct gas boilers by 20 to 30 mg/Nm3.
The industrial boilers market is segmented:
1) By Boiler Type: Fire-Tube, Water-Tube
2) By Fuel: Natural Gas And Biomass, Coal, Oil, Other Fuels
3) By Boiler Horsepower: 10-150 BHP, 51-300 BHP, 301-600 BHP
4) By Applications: Chemicals And Petrochemicals, Paper And Pulp, Food And Beverages, Metals And Mining, Other Applications
North America was the largest region in the industrial boilers market in 2022.
The table of contents in TBRC’s industrial boilers market report includes:
1. Executive Summary
2. Industrial Boilers Market Characteristics
3. Industrial Boilers Market Trends And Strategies
4. Industrial Boilers Market – Macro Economic Scenario
5. Industrial Boilers Market Size And Growth
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26. Africa Industrial Boilers Market
27. Industrial Boilers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Boilers Market
29. Industrial Boilers Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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