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Gas Fired Steam Boiler Market Growth Analysis, Dynamics, Key Players and Innovations, Outlook and Forecast 2025-2032 According to a new report from Intel Market Research, the global gas fired steam boiler market was valued at USD 11.83 billion in 2024 and is projected to reach USD 16.84 billion by 2031, growing at a CAGR of 5.3% during the forecast period (2025-2031). This growth is driven by increasing industrialization, stringent environmental regulations favoring cleaner energy sources, and rising demand for energy-efficient heating solutions across industrial and commercial sectors. What are Gas Fired Steam Boilers? Gas fired steam boilers are advanced heating systems that utilize natural gas or propane as fuel to generate steam for various applications. Unlike traditional coal-fired boilers, these systems offer higher thermal efficiency (up to 95%), lower emissions, and improved operational flexibility. The market offers two primary configurations: multiple steam units for large-scale industrial applications and single steam units for smaller commercial or residential uses. Modern gas fired steam boilers incorporate cutting-edge technologies like condensing heat exchangers and low-NOx burners, making them compliant with stringent environmental regulations. These systems find extensive applications across industries including food processing, pharmaceuticals, textiles, and power generation. ???? Download FREE Sample Report: Gas Fired Steam Boiler Market - View in Detailed Research Report Key Market Drivers 1. Industrial Expansion and Process Heating Demand The ongoing industrialization across emerging economies is creating significant demand for efficient steam generation solutions. Industries like food processing, which accounts for approximately 35% of boiler installations in Asia-Pacific, require consistent and high-quality steam for various production processes. Modern gas-fired boilers can deliver 15-25% energy savings compared to conventional systems, making them economically attractive despite higher initial costs.