PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1544739
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1544739
Industrial Electric Boiler Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Global Industrial Electric Boiler Market size will expand at a 17% CAGR from 2024 to 2032, due to increasing launches and significant improvements in electric boiler technologies.
Of late, new models are being introduced with enhanced features, such as higher energy efficiency, advanced control systems, and reduced environmental impacts. These advancements are providing industries with more reliable and cost-effective solutions for their heating needs to further offer greater operational efficiency and sustainability. For instance, in August 2022, Babcock Wanson introduced two new electric boiler ranges, including the VAP EL 400V with models from 16 to 360 kW, and the e-Pack with models from 500 to 17,000 KG/H to enhance industrial heating solutions.
The market is segregated into voltage rating, capacity, application, and region.
By voltage rating, the medium voltage segment of the industrial electric boiler market is poised for significant growth through 2032, driven by its adoption for enhanced performance and efficiency. Medium voltage boilers, with their superior power capabilities, offer better control for large-scale heating to ensure consistent and reliable operations. These boilers adeptly manage substantial electrical loads, all while upholding safety and efficiency standards.
With respect to capacity, the industrial electric boiler market value for the 10-50 MMBtu/hr segment is set for notable growth from 2024 to 2032, spurred by its diverse application needs. Innovations like improved heat transfer technologies, sophisticated control systems, and enhanced integration with renewable energy are bolstering the efficiency and longevity of 10-50 MMBtu/hr boilers.
Geographically, the North America industrial electric boiler sector will depict a robust CAGR from 2024 to 2032, fueled by escalating industrialization. These boilers are being embraced for their high capacity, precision, and eco-friendly heating capabilities across various industrial processes. As industrialization continues to surge, the demand for advanced electric boiler solutions will rise, paving the way for more sophisticated heating systems tailored to the region's diverse industrial needs.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definitions
- 1.2 Market estimates and forecast parameters
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls and challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Strategic outlook
- 4.2 Innovation and sustainability landscape
Chapter 5 Market Size and Forecast, By Voltage Rating (USD Million and Units)
- 5.1 Key trends
- 5.2 Low voltage
- 5.3 Medium voltage
Chapter 6 Market Size and Forecast, By Capacity (USD Million and Units)
- 6.1 Key trends
- 6.2 < 10 MMBtu/hr
- 6.3 10-50 MMBtu/hr
- 6.4 50-100 MMBtu/hr
- 6.5 100-250 MMBtu/hr
- 6.6 > 250 MMBtu/hr
Chapter 7 Market Size and Forecast, By Application (USD Million and Units)
- 7.1 Key trends
- 7.2 Food and beverages
- 7.3 Paper
- 7.4 Chemical
- 7.5 Refinery
- 7.6 Others
Chapter 8 Market Size and Forecast, By Region (USD Million and Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 France
- 8.3.2 UK
- 8.3.3 Poland
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Germany
- 8.3.7 Russia
- 8.3.8 Austria
- 8.3.9 Sweden
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Indonesia
- 8.4.7 Philippines
- 8.5 Middle East and Africa
- 8.5.1 Saudi Arabia
- 8.5.2 Iran
- 8.5.3 UAE
- 8.5.4 Egypt
- 8.5.5 Nigeria
- 8.5.6 Kenya
- 8.5.7 Morocco
- 8.5.8 South Korea
- 8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Argentina
- 8.6.3 Colombia
- 8.6.4 Chile
Chapter 9 Company Profiles
- 9.1 Acme Engineering Products Ltd.
- 9.2 ACV
- 9.3 Babcock Wanson
- 9.4 Cerney
- 9.5 Chromalox
- 9.6 Cleaver-Brooks
- 9.7 Cochrane Engineering
- 9.8 Danstoker A/S
- 9.9 Ecotherm Austria GmbH
- 9.10 Electro-Steam Generator Corp.
- 9.11 FERROLI S.p.A
- 9.12 Klopper-Therm GmbH and Co. KG
- 9.13 KOSPE
- 9.14 LACAZE ENERGIES
- 9.15 PARAT Halvorsen AS
- 9.16 Precision Boilers
- 9.17 Reimers Electra Steam, Inc.
- 9.18 Slant/Fin Corporation
- 9.19 The Fulton Companies
- 9.20 Thermodyne Boilers
- 9.21 Thermon
- 9.22 Thermona
- 9.23 VArmebaronen
- 9.24 Vattenfall AB
