Gas Fired Boiler Market Future Growth And Forecast With Significant Players
Gas Fired Boiler Market – Snapshot
Gas boilers and furnaces are fuelled by either propane or natural gas with little modifications that accounted for various features of the fuel. However, propane comes more costly as a fuel.
Gas fired boilers make a number of retrofits possible. However, before going ahead with any of the retrofits, one must consider the added benefits one could receive through replacement of the furnace. The below-mentioned are the retrofits that could be possible:
- Intermittent Ignition Devices
- Modulating Aquastats (For Hot Water Boilers Only)
- Derating Gas Burners
- Vent Dampers
- Time Delay Relay (For Hot Water Boilers Only)
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The gas fired boilers are going to witness a surge in demand in the next few years to come. Such increase in demand is due to the strict regulations in an effort to control the traditional boilers induced emissions. In addition to that, there has been a shift toward cleaner fuel, which is further accelerating the demand for gas fired boiler.
Increasing awareness with regards to the degradation of the environment degradation is leading to an increased demand for these gas fired boilers. In addition to that, efforts of government to protect against the environment are further likely to contribute to the increased adoption of gas fired boilers. Besides, low cost of heating and high efficiency is likely to add to the popularity quotient of gas fired boilers.
Global Gas Fired Boiler Market: Overview
The gas fired boilers are going to see an increase in demand over the forecast period of 2019 to 2027, owing to stringent regulations to control traditional boilers induced emissions. Besides, worldwide there is a hustle to shift to cleaner fuels.
And, owing to these factors, the global gas fired boiler market is set to grow a robust CAGR (Compound Annual Growth Rate). That would mean a lot many opportunities of growth for market players and a considerable increase in market worth.
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