Global Industrial Boiler Maintenance Market set to reach USD 33.5 billion by 2033

From GlobeNewswire: 2024-06-05 15:00:00

The Global Industrial Boiler Maintenance Market is set to reach USD 33.5 Billion by 2033, growing at a CAGR of 4.44%. Stricter environmental regulations are driving demand for maintenance services. Water tube boilers dominate the market, especially in the food processing industry. North America leads in market share due to strict regulations, while Asia Pacific is witnessing the fastest growth. Major players include Thermax Ltd., Siemens AG, and Mitsubishi Heavy Industries. In October 2023, Babcock & Wilcox secured an $11 million maintenance contract.

This study offers insights into the Global Industrial Boiler Maintenance Market, forecasting revenue from 2023 to 2033. Market segmentation includes product analysis (water tube boilers leading) and application analysis (food processing dominating). Geographically, North America leads, with Europe, Asia Pacific, South America, and the Middle East & Africa also playing significant roles. Other related reports cover topics like the Hydrogen Generation Market and Crude-to-Chemicals Market. Major players include Babcock & Wilcox, Siemens AG, and Mitsubishi Heavy Industries.



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