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FAQ's

Answer : According to Precedence Research, the global industrial boilers market size was reached at US$ 14.53 billion in 2021 and is predicted to surpass US$ 23.5 billion by 2030.

Answer : The global industrial boilers market size was valued at US$ 14.53 billion in 2021 and is expected to hit over US$ 23.5 billion by 2030, poised to grow at a noteworthy CAGR of 5.5% from 2021 to 2030.

Answer : The rapid industrialization and the stringent government regulations pertaining to the carbon and other harmful emissions are expected to be the major drivers of the global industrial boilers market.

Answer : The major players operating in the industrial boilers market are AMEC Foster Wheeler PLC, Siemens AG, Thermax Limited, Harbin Electric Corporation, Bharat Heavy Electricals Limited, General Electric Company, Dongfang Electric Corporation Ltd., Babcock & Wilcox Enterprises, Inc., IHI Corporation, AC Boilers S.P.A.

Answer : Europe accounted for around 34% of the market share and dominated the global industrial oilers market in 2020. The presence of higher number of industries and manufacturing units across Europe has fostered its growth.

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