Industrial Boilers Market Size, Trends, Industry Share And Outlook By 2033

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Industrial Boilers Global Market Report 2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
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Industrial Boilers Market Segments

• The industrial boilers market covered in this
  report is segmented
• 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

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Market Statistics
The industrial boilers market size has grown
strongly in recent years. It will grow
from 14.38 billion in 2023 to 15.37 billion in
2024 at a compound annual growth rate (CAGR) of
6.9. The industrial boilers market size is
expected to see strong growth in the next few
years. It will grow to 20 billion in 2028 at a
compound annual growth rate (CAGR) of 6.8. 
20 B
15.37 B
14.38 B
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Key Market Drivers And Trends
Drivers
Increasing power generation is expected to drive
the Industrial boilers market going forward.
Trends
Technological advancements are a key trend in
gaining popularity in the industrial boiler
market.
Region
North America was the largest region in the
industrial boilers market in 2023. The regions
covered in the Industrial Boilers market analysis
report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East
and Africa.
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Top Eleven Players In The Market

• Major players in the market are
• Siemens AG,
• Thermax Limited,
• Harbin Electric Corporation,
• Bharat Heavy Electricals Limited,
• General Electric Company,
• Dongfang Electric Corporation Ltd.,
• Babcock Wilcox Enterprises Inc.,
• IHI Corporation,
• Mitsubishi Heavy Industries Ltd.,

• Cleaver-Brooks Inc.,
• John Wood Group Plc

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