Growing demand for reliable and continuous electricity supply from developing economies, rapid industrialization paired with rising urbanization across emerging economies are some of the major factors driving the utility boiler market's recovery and growth. The deployment of supercritical and ultra-supercritical power plants is also on the rise. As a result of these factors, the utility boiler market is expected to grow at a CAGR of more than 2.0% during the forecast period.
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