Domestic Boilers Market to record USD 13.9 Bn growth; North America to offer significant more opportunities – Market.us
The global domestic boilers market is forecast to reach USD 13.9 billion by 2025, growing at a CAGR of 5.3% during the forecast period (2020-2025). The major drivers for the market growth are the increasing adoption of renewable energy sources and the growing demand for space heating. The rising demand for energy-efficient and cost-effective solutions is one of the key factors driving the growth of the domestic boilers market. The growing awareness about environmental protection and government regulations to reduce greenhouse gas emissions are also some of the key factors favoring market growth. Additionally, rapid urbanization and industrialization are anticipated…
- Date: November 15, 2022
- Author: Thomas Bretz
- Category: Taiwan News