The global demand for Industrial Electric Boiler Market is presumed to reach the market size of nearly USD 2288.47 Million by 2032 from USD 758.77 Million in 2023 with a CAGR of 13.05% under the study period 2024 - 2032. By volume, the market was estimated XX Units in 2023 and is expected to reach XX Units by 2032 with a CAGR of XX%.
Industrial electric boiler uses electricity instead of combustible fossil fuels such as gas or oil to heat water. It converts electricity into heat to produce steam. Industrial electric boilers do not need any ducts or chimneys as they do not generate fumes, and there is no need to store fuel, as they have a higher efficiency of about 98%. Industrial electric boilers are easier to maintain and do not pollute air or sound.
Market Dynamics
The rising demand for industrial electric boilers from the food & beverage sector and the high demand for clean technology in the chemical use industry have been the major drives for industrial electric boiler market growth. Moreover, rising electricity demand along with growing fuel prices is further set to propel the industry expansion. The increase in industrial investments is also expected to boost market growth. Additionally, technological advancement and upgrading industrial electric boilers are driving the demand for the product in the global market. However, the high cost of industrial electric boilers is anticipated to hamper the growth of the industrial electric boiler market during the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of industrial electric boiler. The growth and trends of industrial electric boiler industry provide a holistic approach to this study.
Market Segmentation
This section of the industrial electric boiler market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Voltage Rating
- Low Voltage
- Medium Voltage
By Capacity
- < 10 MMBtu/Hr
- 10 – 50 MMBtu/Hr
- 50 – 100 MMBtu/Hr
- 100 – 250 MMBtu/Hr
- > 250 MMBtu/Hr
By Application
- Food & Beverage
- Paper
- Chemical
- Refinery
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Industrial Electric Boiler market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Industrial Electric Boiler Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Industrial Electric Boiler market include Ferroli, Cleaver-Brooks, The Fulton Companies, Cochrane Engineering, Cerney, Danstoker, Babcock Wanson, Värmebaronen, Parat Halvorsen, Ecotherm Austria, Acme Engineering Products, Slant/Fin Corporation, Thermodyne Boilers, ACV, Precision Boilers, Lacaze Energies, Kospel, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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