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Steam Boiler System Market to Grow $21.63 billion by 2023 | Leading key players are Bosch, GE, Alfa Laval, Thermax, Cochran, Viessmann, Doosan


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“Major players operating in the steam boiler system market include Bosch (Germany), GE (US), Alfa Laval (Sweden), Thermax (India), Cochran (UK), Viessmann (Germany), and Doosan (South Korea).”
Focus on renewable energy sources for power generation and high installation costs could act as restraints for the steam boiler system market.
According to the new market research report
“Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region- Global Forecast to 2023″, The steam boiler system market is expected to grow from an estimated USD 17.66 billion in 2018 to USD 21.63 billion by 2023, at a CAGR of 4.13%. Increase in demand for electricity is forcing the National Governments to increase power generation capacity by setting up new power plants which is driving the demand for steam boiler system ....

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