Global Industrial Boilers Market size was valued at US$ 11.82 Bn in 2019 and is expected to reach US$ 17.93 Bn by 2027 to exhibit a CAGR of 5.35 % during a forecast period.
To know about the Research Methodology :- Request Free Sample Report Robust industrialization has resulted into increased demand for industrial boiler for varied application in industries. Food processing sector and growing demand for the biomass boiler. Growing demand for compact designs & lean operations and rising use of natural gas are key opportunities of the market. Stringent emission standards and high R&D investments are major challenges of the industrial boilers market. However, the high cost of installation, and boiler efficiency & steam quality are major constrains of industrial boilers market. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Fire-tube segment is estimated to account for the largest share of the industrial boilers market in 2018 and is projected to dominate the market by 2026. Fire-tube boilers are more fuel efficient and have efficient operations in comparison to water-tube boilers. Water-tube industrial boiler market will grow on account of rising industrial sector investments. Long operating life, prominent safety features and high capacity range make these steam generating units suitable for industrial applications. Growing demand for energy efficient systems will further fuel the market growth. Condensing boilers has 99% efficiency while the non-condensing boiler is only up to 78% efficient. Condensing boilers reduces household emissions and help to save up expenses on gas. Increased energy efficiency through condensing boilers, the level of efficiency is achieved via using waste heat in flue gas to warm up the cold water entering the boiler,