The Europe industrial boilers market size is expected to reach USD 4.73 billion in 2024 and reach USD 6.53 billion by 2029, growing at a CAGR of 6.67% from 2024 to 2029.
The development of ultra-mega power projects in emerging economies will drive the growth prospects for the global commercial boiler marketplace over the next few years. The use of new materials in biomass beds now not only increases the performance of the waste but also reduces the value of biomass boilers. Also, the distribution of oxygen in the boiler will enhance the performance and uniformity of combustion.
Regulations imposed by the foremost environmental regulatory bodies encourage numerous industries to check their emissions. As a result, companies are implementing measures to generate energy while decreasing emissions. Measures towards strength optimization coupled with increasing adoption of energy-efficient heating systems will propel the industrial boilers market. In November 2015, the European Union introduced Directive (European) 2015/2193 with an intention to reduce emissions from combustion devices.
On the basis of region, the Europe Industrial Boilers market is categorized into UK, Spain, Germany, France, and others. The European governments have put a major focus on reducing their greenhouse gas emissions, with the European Union implementing numerous directives with respect to this issue.
Some of the major players in the Industrial Boilers market are Babcock & Wilcox Enterprises, Inc. (U.S.), Dongfang Electric Corporation Ltd. (China), Siemens AG (Germany), General Electric (U.S.), AC Boilers S.p.a. (Europe), Bharat Heavy Electricals Limited (India), Harbin Electric Group (China), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems, Ltd. (Japan), and Thermax Limited (India).
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