Market Size – USD 94.98 Million in 2021, Market Growth - CAGR of 2.63%, Market Trends –the increasing demand from electronics industry is widening the scope for Reverse Flame Steam Boiler Market.
According to the current analysis of Introspective Market Research, the global Reverse Flame Steam Boiler Market was valued at USD 94.98 Million in 2021 and is expected to reach USD 113.91 Million by the year 2028, at a CAGR of 2.63%.
The reverse flame steam boiler works by passing hot gases through fire and then through one or more tubes. Thermal conduction heats the water outside these tubes, converting it to steam, which then powers a turbine to generate electricity. As the government's regulations on emissions have been stricter, various enterprises that operate steam boilers are feeling the need to improve their fuel efficiency and lessen their adverse environmental impact. The advantages of reverse flame steam boilers include lower carbon emissions, increased operating efficiency, and a larger heat transfer area, making them superior to traditional boilers. Reverse flame steam boilers are also available in a variety of capacities, making them suitable for plant operators of all sizes.
The primary factor driving the market is the use of clean energy sources such as biomass and natural gas in reverse flame steam boilers. For reverse flame steam boilers, using such clean energy supplies to avoid and overcome the pollutants produced by such operations is of particular relevance. This feature has attracted a large number of small and large businesses in the market who are attempting to become more environmentally conscious. Furthermore, since the threat of an energy shortage grows by the day, it is becoming increasingly necessary to shift focus to natural gas, which is widely available. Furthermore, the inexpensive cost of a reverse flame steam boiler and its widespread availability across a wide range of economies in many regions. Growing uses of smart frameworks and smart metering will almost certainly aid in the better management of force administrations. Better infrastructural facilities are also expected to boost development on the horizon. Increased interest in government-backed energy efficiency projects may also rekindle progress on the lookout. The market for reverse flame steam boilers is being driven by the influx of endless sources, which is fueling interest in energy.
Reverse Flame Steam Boiler Market is segmented By Capacity (Up To 100kW, 101-1000kW, 1001kW & Above), Application (Food, Industry, Chemical Industry, Refineries, Metal Industry, Power Plant, Others), and Region.
Major key players such as Balkrishna Boilers Private Limited, CFB Boilers, Spirax-Sarco Engineering, Atlantic Boilers, Sazboilers, ATTSU, BoilerTech Pty Ltd, Unical, Bosch Industriekessel GmbH, Byworth Boilers, ICI Caldaie S.p.A, Viessmann Werke GmbH & Co. KG, Zhengzhou Boiler, Hurstboiler, Babcock Wanson SA, and others.
For this report, Introspective Market Research has segmented the Reverse Flame Steam Boiler Market based on of region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2021-2028)
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM