The global steam boiler systems market, valued at USD 17.5 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2034, reaching USD 27.5 billion by the end of the forecast period. This robust growth is driven by rising investments in power generation, increasing demand for energy-efficient boilers, and advancements in boiler technologies.
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