Boilers Market
Boilers Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Boilers Market Size and Growth
The global boilers market is anticipated to reach approximately $15 billion by 2025, driven by increasing industrialization and energy efficiency demands. Market conditions highlight a shift towards sustainable technologies, with industrial boilers dominating demand. Regulatory changes and environmental concerns are also influencing growth, fostering innovation in boiler design and application efficiencies.
Companies Covered
(Covid 19 Impact Covered)
◍ General Electric
◍ Cochran
◍ Parker
◍ Thermax
◍ Weil-McLain
◍ Babcock & Wilcox
◍ Bharat Heavy Electricals
◍ Fulton
◍ Forbes Marshall
◍ A.O. Smith
◍ Hurst Boiler & Welding
◍ Burnham
◍ Cleaver-Brooks
The boilers market features major players like General Electric, Thermax, and Babcock & Wilcox, each innovating with efficient, eco-friendly designs. These companies enhance market growth through advanced technologies and comprehensive services. Some 2022 sales revenues include:
- General Electric: $76 billion
- Thermax: $1.2 billion
- Babcock & Wilcox: $757 million.
Market Segmentation
By Application
Residential
Commerical ◍ Industrial
By Product
◍ <10 MMBtu/hr
◍ 10-50 MMBtu/hr ◍ 50-100 MMBtu/hr
100-250 MMBtu/hr
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Market Growth
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$ X Billion USD
