Global Boiler Market � Industry Analysis and Forecast (2019-2027)

Mayurikathade25 Sep, 2021Business

Global Boiler Market is estimated to reach US$ XX Mn by 2027 in terms of revenue at CAGR of XX % in the forecast period. Growth in demand for energy in combination with the pervasive investment across the industrial sector will stimulate the global boiler market size. Emerging economies such as Africa and Asia-Pacific have introduced various progressive programs toward the installation and upgradation of the existing boilers, which in turn will positively impact on the industry growth. For instance, in 2017, PT United, Kansai Electric Power, and Sumitomo Corporation announced a collaborated investment of over USD 4.4 billion for the upgradation of Tanjung Jati thermal power plant in Indonesia.