Industrial Electric Boiler Market Size
Estimated to increase at a rate of 17% from 2024 and 2032, the USD 255.7 million industrial electric boiler market size is currently Government policies and emission rules meant to lower greenhouse gas emissions will cause the sector to see significant increase. For example, Asian investment in the industrial sector have surged significantly from 10% in 2019 to 18% in 2023.
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Essential parts of modern manufacturing and processing sectors, industrial electric boilers provide dependable heating solutions. These boilers create heat using electricity, so offering a sustainable and clean substitute for conventional fuel-based systems. From food production and chemical processing to textile manufacture and beyond, their adaptability lets them be readily included into many industrial operations. Their exact temperature control guarantees consistent functioning and reduces energy waste by means of which Adoption of electric boilers is predicted to boost even more the future of industrial heating solutions as sectors keep giving sustainability and operational excellence top priority.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Industrial Electric Boiler Market Size in 2023 | USD 255.7 Million |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 17% |
| 2032 Value Projection | USD 992.6 Million |
| Historical Data for | 2021 to 2023 |
| No. of Pages | 125 |
| Tables, Charts & Figures | 54 |
| Segments covered | Voltage Rating, Capacity, Application & Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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What are the growth opportunities in this market?
Industrial Electric Boiler Market Trends
Among the biggest emitters of greenhouse gases, the sectors are using these boilers to reduce their carbon footprint, thereby promoting company expansion. Changing consumer living patterns and eating habits toward high-value-added items like meat and chocolate will improve the industrial situation. The growing demand for processed foods is expected to propel the development of food processing facilities, hence expanding the product penetration. Government requirements meant to lower industrial pollution have caused traditional heating systems to be replaced, therefore boosting the industrial boiler industry.
Industrial Electric Boiler Market Analysis
Find more information about the main players influencing this market.
By 2032 the low voltage segment will have exceeded USD 600 million. The commercial scenario will be much improved by the change from fossil fuels to decarbonized energy systems and fast implementation of clean energy technology. Growing manufacturing facility investments and the substitution of energy-efficient models for conventional boilers drive the sector even more. Strong government rules to cut greenhouse gas emissions and thorough acceptance of modern heating systems will drive the product uptake.
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Find more information about the main players influencing this market. By 2032 the market for 10 MMBtu/hr industrial electric boilers will have grown at a rate of around 14%. The wealthy countries with strict policies meant to lower dependency on fossil fuels will provide significant commercial prospects. These boilers are chosen because their cost competitiveness among substitutes is better. Significant benefits from the device include silent operation, simple installation, quick start-up and shutdown times, and improved safety, so boosting industry potential.
Seeking regionally specific information? By 2032 the Europe industrial electric boiler market is expected to reach USD 400 million. The industrial sector stands to gain from the adoption of alternative heating technologies as well as from carbon emissions rules. Member states of the EU have promised to reach climate neutrality by 2050, which calls for significant cutback in reliance on fossil fuels. As such, businesses are choosing electric powered central heating systems in winter more and more. Furthermore improving the business environment will be a change towards sustainable heating technology in parallel with significant industrial sector expansion.
The U.S. industrial electric boiler market will be developed and expanded by the cooperation between federal as well as state governments as well as private businesses on building and expanding industrial facilities. The revival of the building industry along with continuous infrastructure development have increased the demand for products. The growing need for heating solutions in medium-sized and large-scale sectors will help to continue industrial expansion.
Industrial Electric Boiler Market Share
Renowned in the industrial sector for its extensive variety of electric boilers, Slant/Fin Corporation meets different industrial heating needs. The company shines in manufacturing dependable and effective electric boilers meant to provide constant performance and energy economy. Its goods are well known for their strong construction quality and creative ideas, which guarantee they satisfy high industrial standards and needs. Slant/Fin Corporation's dedication to technological development and customer satisfaction highlights its preferred choice for industrial electric boilers since it provides solutions that combine durability with modern engineering for best heating solutions in many different industrial uses.
Industrial Electric Boiler Market Companies
The key industry players include
- Acme Engineering Products Ltd.
- ACV
- Babcock Wanson
- Cerney
- Chromalox
- Cleaver-Brooks
- Cochrane Engineering
- Danstoker A/S
- Ecotherm Austria GmbH
- Electro-Steam Generator Corp.
- FERROLI S.p.A
- Klöpper-Therm GmbH & Co. KG
- KOSPE
- LACAZE ENERGIES
- PARAT Halvorsen AS
- Precision Boilers
- Reimers Electra Steam, Inc.
- Slant/Fin Corporation
- The Fulton Companies
- Thermodyne Boilers
- Thermon
- Thermona
- Värmebaronen
- Vattenfall AB
Industrial Electric Boiler Industry News
- Replacing its former Prestige line, ACV debuted the EVO S series of stainless steel wall hanging boilers in 2023 With stainless steel plate heat exchange technology to guarantee best performance, the seven variants of modern boilers available range in power from 40 to 150 kW Optional low height frame and header kits allow the system to over 900 kW by accommodating larger buildings or ones with complex layouts, hence improving its cascade capabilities.
- The Fulton Companies debuted the cutting-edge condensing hydronic boiler, Endura boiler, in March 2022 Thought of as a vertical fire-tube industrial boiler, its small footprint spans 2,000,000 Btu/hr to 1,500,000 BTU. By offering superior solutions in performance, product design, and application flexibility, the Endura greatly increases the market presence of the company in the electric boiler sector.
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The industrial electric boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments
Market, By Voltage Rating
- Low Voltage
- Medium Voltage
Market, By Capacity
- < 10 MMBtu/hr
- 10-50 MMBtu/hr
- 50-100 MMBtu/hr
- 100-250 MMBtu/hr
- > 250 MMBtu/hr
Market, By Application
- Food & Beverages
- Paper
- Chemical
- Refinery
- Others
The above information has been provided for the following regions and country
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Poland
- Italy
- Spain
- Germany
- Russia
- Austria
- Sweden
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Philippines
- Middle East & Africa
- Saudi Arabia
- Iran
- UAE
- Egypt
- Nigeria
- Kenya
- Morocco
- South Korea
- Latin America
- Brazil
- Argentina
- Colombia
- Chile
Frequently Asked Questions (FAQ)
How big is the industrial electric boiler market?
Industrial electric boiler industry size was worth USD 255.7 million in 2023 and will expand at 17% CAGR between 2024 and 2032 owing to their versatility and reliability in providing consistent heating, along with advancements in control systems.
Why is the demand for low voltage industrial electric boilers rising?
Low voltage segment will register USD 600 million by 2032, propelled by their widespread applicability in various industries, ease of installation, lower operational costs, and enhanced safety features.
What is the value of Europe industrial electric boiler market?
Europe industrial electric boiler industry size will exceed USD 400 million by 2032 due to the ambitious targets for reducing carbon emissions and stringent environmental regulations favoring clean energy solutions.
Which major companies are operating in the industrial electric boiler industry?
Cleaver-Brooks, Cochrane Engineering, Danstoker A/S, Ecotherm Austria GmbH, Electro-Steam Generator Corp., FERROLI S.p.A, Klöpper-Therm GmbH & Co. KG, KOSPE, LACAZE ENERGIES, PARAT Halvorsen AS, Precision Boilers, and Reimers Electra Steam, Inc, among others.
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