Low Voltage Industrial Electric Boiler Market Size - By Capacity (< 10 MMBtu/hr, 10 – 50 MMBtu/hr, 50 – 100 MMBtu/hr, > 100 MMBtu/hr), By Application (Food & Beverage, Paper, Chemical, Refinery), By Regional Outlook & Forecast, 2024 – 2032

Low Voltage Industrial Electric Boiler Market Size - By Capacity (< 10 MMBtu/hr, 10 – 50 MMBtu/hr, 50 – 100 MMBtu/hr, > 100 MMBtu/hr), By Application (Food & Beverage, Paper, Chemical, Refinery), By Regional Outlook & Forecast, 2024 – 2032

Low Voltage Industrial Electric Boiler Market size is set to record a 15% CAGR from 2024 to 2032 due to the increasing number of launches and rapid technological advancements.

Engineers are integrating cutting-edge components and materials to improve efficiency, reduce energy consumption, and enhance overall performance. To that end, low-voltage industrial electric boilers are widely optimized for various industrial applications to provide a reliable and Eco-friendly alternative to traditional heating methods. The advantages of new features and capabilities are further driving the adoption of these boilers in a wide range of industrial settings. For instance, in September 2022, Babcock Wanson UK Ltd launched two new electric boiler ranges: the VAP EL 400V and the e-Pack for enhancing its heating solutions in models ranging from 16 to 17,000 kW.

The low voltage industrial electric boiler industry is segmented into capacity, application, and region.

The market size from the 10 – 50 MMBtu/hr capacity segment will record a decent growth rate between 2024 and 2032, due to rising usage in various industrial applications for optimizing efficiency and sustainability. These boilers utilize advanced technologies to provide reliable and Eco-friendly heating solutions for various industrial applications. They are also offering benefits, such as reduced emissions, lower operational costs, and ease of maintenance to enhance energy efficiency.

In terms of application, the low voltage industrial electric boiler market from the chemical segment is anticipated to witness a significant expansion from 2024-2032 owing to their reliability. These boilers provide a consistent and controlled heat source which is essential for various chemical processes including heating, distillation, and sterilization. Increasing advancements are also contributing to greener and more efficient operations by utilizing cleaner energy sources and cutting-edge technologies.

Asia Pacific low voltage industrial electric boiler industry size will record a significant CAGR through 203, driven by government incentives and improved safety measures. These incentives are encouraging manufacturers to shift towards electric boilers to offer enhanced energy efficiency and lower emissions. As governments are prioritizing sustainable energy solutions and stricter environmental regulations, the ongoing advancements in safety technology will boost product usage across various sectors in APAC.