Steam Boilers Market - Forecast(2021 - 2026)
Steam Boiler Market Overview The global Steam Boiler Market is estimated to surpass $21.46 billion mark by 2026 growing at an estimated CAGR of more than 3.9% during the forecast period 2021 to 2026. The growth of the demand for steam boiler systems is driven mainly by increased usage of steam boilers in various end-user industries. This rise can be attributed to the increase in the deployment of steam boilers worldwide in the manufacturing and processing industries. In addition, new power plants are being set up to meet the growth in demand for power from the manufacturing industries, which is further increasing the demand for steam boiler systems. New product innovations and contracts and agreements were the strategies most widely implemented by the top players. This was followed by mergers & acquisitions and investment & expansions. The increase in government initiatives to encourage the use of steam boiler systems, such as the provision of rebates and subsidies for the