Industrial boilers consume different types of fuel as per their operations across industries. Fuel Insights. Based on fuel, the market has been segmented into oil amp; gas, fossil, non-fossil, and biomass. Different types of fuels are used by industrial boilers to produce steam to carry out industrial processes.
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Get A QuoteRising demand for industrial boilers from the food amp; beverage industry and high demand for clean technology in the chemical end-use industry have been the major drivers for the growth of the industrial boilers market. Natural gas amp; biomass segment is projected to grow at the highest CAGR in the industrial boilers market between 2020 and 2025
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Get A QuoteGlobal industrial boilers market is registering a substantial CAGR of 5.8% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to rising demand of the natural gas-fired boiler, food amp; Beverages and commercial Boilers. Market Definition: Global
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