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Europe is anticipated to hold the largest share of the global industrial boiler market due to the adoption of industrial boilers in the food and beverages industry. European governments have brought forth a law pertaining to emission limit values (ELVs) to decrease the levels of harmful gases such as sulfur dioxide (SO2), and nitrogen oxide (NOX) from all combustion plants. This in turn is expected to accelerate the growth of the industrial boiler market. The industrial boiler market in North America is anticipated to expand at a rapid pace over the forecast period due to the rising adoption of industrial boilers in the petrochemicals & power plant industry, which is expected to enhance the growth of the industrial boiler market in the region.