Market Research Future (MRFR) has published a cooked research report on the “European boiler system Market” that contains information from 2022 to 2030. The European boiler system Market is estimated to register a CAGR of 6.09% during the forecast period of 2022 to 2030 and projected to grow at USD 5.6 billion by 2030.
MRFR recognizes the following companies as the key players in the Market — Danstoker Boilers, Bosch Industriekessel, Babcock & Wilcox Enterprises Inc., AC Boilers, Mitsubishi Hitachi Power Systems Ltd., ATTSU Termica, Rentech Boilers, Byworth Boilers, Proodos Industrial Boilers, Siemens AG
Market Overview
According to the recent information received, the global Europe Boiler System Market size grow at a CAGR of 6.09% and is estimated to exhibit the market size of 3.5 Billion in 2023 to USD 5.6 Billion during the forecast period 2022-2030.
Generally, a boiler is a pressure vessel used for creating and supplying steam which is needed in various processes in industries. Industrial boilers are widely used in various end-use industries like chemical, metal, and food & beverage. Rising demand for higher efficiency is propelling the demand for industrial boilers. In recent years, there is high growth in the European Boiler System Market due to the rising demand for central heating across the globe. Due to increasing food demand, there is a substantial development in the food processing sector which boosts the market growth. Moreover, the demand for clean energy sources is also expanding the market growth in the review period. Stringent government norms to reduce GHG emissions across residential and commercial establishments are expected to grow the market share.
The European Union in conjunction with the national government rules introduced rigorous energy efficiency norms leading to the high demand for traditional heating units. Moreover, the rising demand for effective space heating along with extreme climatic scenarios is enhancing the market growth. Due to resurgent economic growth, space heating technologies are significantly adopted. Furthermore, changing the lifestyle towards single-family housing coupled with steady growth across the commercial sector is boosting the demand for this system.
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Market Segmentation
Based on the recent research, the European boiler system market has been analyzed into type, capacity, and countries.
· Type Segmentation: The European boiler systems types are oil-fired and gas-fired.
· Capacity Segmentation: Based on the capacity, the European boiler system is trifurcated into up to 20 tonnes, 20 to 40 tonnes, and 40 to 50 tonnes.
· Countries Segmentation:
· By countries, the European boiler system market is classified into various forms such as Germany, the U.K, Italy, Spain, France, Poland, and Holland.
Key Players
Boiler System market Key Companies in the include
· Danstoker Boilers
· Bosch Industriekessel
· Babcock & Wilcox Enterprises Inc.
· AC Boilers S.p.A
· Mitsubishi Hitachi Power Systems Ltd.
· ATTSU Termica
· Rentech Boilers
· Byworth Boilers
· Proodos Industrial Boilers
· Siemens AG
Industry News
As per the latest updates, the Europe boiler system market states that this sector is expected to grow at a significant rate for their innovative technologies, and regular research and development by the players. The key players are implementing measures to generate energy by reducing emissions. Moreover, measures towards strength optimization along with the rising adoption of energy-efficient heating systems are predicted to raise the market growth.
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