Water Tube Chemical Boiler Market size is estimated at USD 1.8 billion in 2024 and is predicted to cross USD 2.5 billion by 2037, growing at a CAGR of 2.8% during the forecast period from 2025 to 2037. In 2025, the industry size of water tube chemical boiler is assessed at USD 1.9 billion.
An increasing rate of industrialization and rising production of chemicals are fueling the water tube chemical boiler market expansion. In addition, the need for energy-efficient solutions in various industries is demanding fuel-efficient boilers. For instance, Bryan Boilers' BFIT introduced a 100 HP water-tube system, which is designed to meet environmental regulations with 30 to 40% annual fuel savings.
To increase the product-market fit, manufacturers are focused on reducing downtime and enhancing both performance and operating safety, digital monitoring and automation in boiler operations are being developed further. For instance, in August 2021, Prometha Connected Boiler Solutions developed apps for iOS and Android smartphones. It provides real-time data analytics and system intelligence to monitor boiler system performance remotely. Furthermore, it aims at achieving real-time monitoring and to unfold predictive maintenance of the systems.
Author Credits: Dhruv Bhatia
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?