Rise in Shale Gas Extraction Likely to be a Key Factor for US Industrial Boilers MarketOf the key factors affecting the growth trajectory of the US industrial boilers market, the growth of the shale gas sector is an important one. Due to the rising scarcity of conventional sources of petroleum, the petroleum sector in the US has made a large-scale transition to shale gas extraction.
This is likely to remain a key driver for the US industrial boilers market in the coming years, industrial boilers become even more important in unconventional petroleum extraction methodologies.The increase in efficiency of gas use brought about by the use of modern industrial boilers has also been a key driver for the US industrial boilers market, as governments have supported the use of industrial boilers on a large scale in an increasing number of regions. The rising costs of petroleum fuels will likely remain a vital driver for the US industrial boilers market, as fuel costs can account for up to 85% of the total cost of running an industrial boiler. Modern industrial boilers that cut down the emission of harmful gases such as CO, nitrogen oxides, and volatile organic compounds are thus likely to become the norm in the US industrial boilers market.
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