According to the research report titled ‘Asia Pacific Boiler Market Size By Capacity, Product, Fuel, Application, Analysis Report, Country Outlook, Competitive Market Analysis & Forecast 2020 - 2026A’, available with Market Study Report, Asia-Pacific boiler market is expected to register remunerative growth during 2020-2026.
 

Strict regulatory scenario towards reducing carbon emissions in tandem with growing demand for energy efficient heating solutions are some of the key factors augmenting the growth of Asia-Pacific boiler market.
 

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Increasing demand and consumption of electricity coupled with growing inclination towards replacing existing boilers with advanced heating solutions are also propelling the market share. Additional factors such as rapid urbanization and growing population are also facilitating the business scenario.
 

In terms of capacity type, the report states that >250 MMBtu/hr segment of Asia-Pacific boiler industry is set to record substantial growth during the study period. Rising adoption of boilers with >250 MMBtu/hr capacity in steam intensive, food processing and thermal power plants applications are favoring the overall market outlook.
 

Based on product spectrum, Asia-Pacific boiler market size from drive-tube segment is likely to showcase significant growth during the estimated timeframe. The product offers various benefits such as easy installation process, quick response and low operating costs. Ongoing modernization of small-scale enterprises, widespread demand for space heating systems and strict regulations towards improving energy security are fueling the segmental share.
 

Moving on to fuel type, the report claims that coal segment of Asia-Pacific boiler industry is anticipated to record highest CAGR through 2026. Escalating investments in steel, cement and metal industries in tandem with focus towards improving power generation capabilities, especially in India and China, are positively impacting the boiler market scenario in Asia-Pacific.
 

Highlighting the application spectrum, the commercial segment is predicted to expand significantly during the analysis timeframe. Rising concerns regarding high carbon levels, increasing development of green infrastructure, high integration of digital solutions and supportive regulations which promote the use of energy efficient heating systems are positively impacting Asia-Pacific boiler market outlook from commercial applications.
 

From the regional point of view, Indonesia boiler market is estimated to generate appreciable returns in the subsequent years, primarily driven by growing population and high energy demand. Rapid industrialization and commercialization along with surging investments towards developing reliable power infrastructure are positively swaying the business dynamics in Indonesia.
 

The key participants in Asia-Pacific boiler market are Lennox International Inc., Daikin Industries Ltd., The BDR Thermea Group, Columbia Boiler Company, Thermax Limited, A. O. Smith Corporation, Ferroli S.p.A., Siemens AG, General Electric Co., Mitsubishi Hitachi Power Systems Ltd., Clayton Industries Inc., Bharat Heavy Electricals Limited, and Babcock and Wilcox Enterprises Inc. among others.