Boiler Market Growth, Development and Demand Forecast Report 2030 psmarketresearch.com
The rapid growth of the petrochemical industry, especially in the developing nations such as India and China, is one of the main factors contributing to-ward the growing demand for boilers across the world. In addition to this, the ballooning requirement of energy efficient systems in various commercial, in-dustrial, and residential applications is further pushing the sales of boilers across the globe. The other important factor responsible for the mushrooming sales of boilers is the flourishing food processing industry in many countries.
Driven by the above-mentioned factors, the global boiler market is ex-pected to register rapid growth in the coming years. A boiler is basically an enclosed vessel in which the water is heated and then circulated as steam, superheated steam, or hot water for various purposes such as power, elec-tricity, and heating. There are mainly two types of boilers used across the world— water tube and fire tube boilers. Of these, the fire tube boilers are currently recording higher sales, on account of their lower initial cost, easier handling, wide-scale applications in multiple sectors, and higher fuel efficien-cy.
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