Steam Boiler Systems Market on a Hot Streak: Forecast Shows 5.2% CAGR to 2032
The global steam boiler systems market was valued at USD 16.86 billion in 2024 and is poised to grow at a CAGR of 5.2% through the forecast period, reaching nearly USD 22.86 billion by 2032. This robust growth is fueled by rising industrialization, demand for energy-efficient heating systems, and increased adoption across sectors such as power generation, pharmaceuticals, oil & gas, and food processing.
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