Global Industrial Boilers Market size was valued at US$ 11.82 Bn in 2017 and is expected to reach US$ 17.93 Bn by 2026 to exhibit a CAGR of 5.35 % during a forecast period.
Global Industrial Boilers Market
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.
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