Industrial Electric Boiler Market size was valued at USD 2.5 Billion in 2024 and is projected to reach USD 4.1 Billion by 2033, exhibiting a CAGR of 5.9% from 2026 to 2033.
In 2022, the global industrial electric boiler market was valued at approximately USD 255.7 million. Projections indicate that by 2031, the market will reach around USD 985.6 million, growing at a compound annual growth rate (CAGR) of 17% from 2024 to 2031. This growth is driven by the increasing demand for energy efficient heating solutions and stringent environmental regulations. Regionally, Europe is expected to surpass USD 400 million by 2032, driven by carbon emission regulations and the adoption of alternative heating systems. In North America, the U.S. market is experiencing growth due to collaborations between private enterprises and government bodies to expand industrial facilities. The Asia Pacific region is also witnessing significant growth, with a notable increase in industrial sector investments from Asian investors, rising from 10% in 2019 to 18% in 2023. These trends highlight the global shift towards sustainable and efficient industrial heating solutions.
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Hi-Therm Boilers Pvt. Ltd.
Lochinvar
Flexiheat UK Ltd.
Cleaver-Brooks
Inc.
The Fulton Companies
Varmebaronen
Cochrane Engineering
Thermona
spol. s.r.o.
Thermon
Danstoker A/S
Ecotherm Austria GmbH
Acme Engineering Products Ltd.
Slant/Fin Corporation
ACV
S.A.S Lacaze Energies
Precision Boilers
Kospel spółka z o.o.
Klopper-Therm GmbH & Co. KG
Vattenfall AB
Bosch Industriekessel GmbH
Electro Industries
Inc.
LAARS Heating Systems Co.
Chromalox
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Electric Boiler Market
Fire-tube Electric Boilers
Water-tube Electric Boilers
Electrode Electric Boilers
Condensing Electric Boilers
Modular Electric Boilers
Small Capacity (Up to 1,500 kW)
Medium Capacity (1,500 kW to 5,000 kW)
Large Capacity (Above 5,000 kW)
Food Processing
Textile Industry
Chemical Manufacturing
Pharmaceuticals
Power Generation
District Heating
Manufacturing
Agriculture
Hospitality
Healthcare
Oil & Gas
Residential
Low Pressure (Up to 5 bar)
Medium Pressure (5 bar to 15 bar)
High Pressure (Above 15 bar)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Industrial Electric Boiler Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial Electric Boiler Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Electric Boiler Market, By Type
6. Global Industrial Electric Boiler Market, By Application
7. Global Industrial Electric Boiler Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Electric Boiler Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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