Steam Boiler Systems Market Size to Grow from USD 17.5 Billion in 2023 to USD 27.5 Billion by 2034, at a CAGR of 4.3%| Analysis by Transparency Market Research Inc. [Yahoo! Finance]
Carrier Global Corporation (CARR)
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Source: Yahoo! Finance
Wilmington, Delaware, United States, Transparency Market Research, Inc. , Sept. 09, 2024 (GLOBE NEWSWIRE) -- The global steam boiler systems market (merkado ng mga sistema ng steam boiler) was projected to attain US$ 17.5 billion in 2023. It is anticipated to garner a 4.3% CAGR from 2024 to 2034, and by 2034, the market is likely to attain US$ 27.5 billion A steam boiler converts water into steam by using the heat from a fuel source. Steam is subsequently utilized for a number of industrial and commercial processes, including heating and power generation. The basic working principle of the boiler is the combustion of fuel in the combustion chamber, which produces hot gases that radiate heat energy into the surrounding water, causing it to boil. Boiler systems that produce steam include fire tube boilers, water tube boilers, and super heaters. Boilers must be operated safely and effectively, which requires regular maintenance and attention to safety protocols. Numerous sectors, in
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