Report covers Market size, overview which includes dynamics, segmentation and regional analysis along with the scope and key players. The research methodology includes primary data from industry experts and secondary data from credible sources. Both quantitative and qualitative analyses are utilized to provide comprehensive insights and market forecasts.
Industrial Boiler market is growing due to rapid development and increasing demand for both high quality and efficient boilers. Also, the enhancement in technology helps to reduce carbon emissions which helps market to grow faster. As coal is used as fuel of boilers, this can be restraint for the growth of market. High capital and installation costs of industrial boilers is major challenge for industrial boilers market’s growth.
Market Regional Analysis:
Europe dominated the market with largest revenue share of 34.1% in 2020. Industrialization in Asia pacific region, countries like China, India, Australia and Singapore are adding to market growth. China is expected to grow at CAGR 5.66% during forecast period.
Stellar Market Research is leading Machinery and Equipment research firm, has also published the following reports:
Global Storage Tank Market – Market was valued nearly US$ 12.98 Bn. in 2023 and is estimated to grow at a CAGR of 4.52% and is expected to reach at US$ 13.02 Bn. by 2030.
North American Storage Tank Market – Market size was valued at US$ 2.5 Billion in 2023 and the market size is estimated to grow at a CAGR of 4.12 % and is expected to reach at US$ 3.31 Bn. by 2030.
About Stellar Market Research
Stellar Market Research is a Pune based research firm. The company provides B2B and B2C research and reports on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies. The topics include Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defence, and other manufacturing sectors.
