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Boiler Condenser Market to Grow by USD 1.55 Billion from 2024-2028, Driven by Increased Focus on Energy Efficiency, AI Powered Report- Technavio

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NEW YORK, Sept. 11, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global boiler condenser market size is estimated to grow by USD 1.54 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.17% during the forecast period. Increasing focus on energy efficiency is driving market growth, with a trend towards technological advancements in boiler condenser. However, availability of alternative technologies to boilers condensers poses a challenge. Key market players include A. O. Smith Corp., ABHAY BOILERS and PROJECTS PVT LTD. , AERCO., Alfa Laval AB, Benvig Heat Transfer spol. S r.o., BERETTA HOLDING SA, Bronswerk, E.ON UK Plc, Fbm Hudson Italiana, GEA Group AG, General Electric Co., Grundfos Holding AS, Parker Boiler Co., Patterson Kelley, Robert Bosch GmbH, Siemens AG, SPG Dry Cooling, The Cleaver Brooks Co. Inc., Thermax Ltd., Vaillant Group, and Viessmann Climate Solutions SE.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Boiler Condenser Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.17%

Market growth 2024-2028

USD 1547.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.85

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 38%

Key countries

China, US, Germany, UK, and France

Key companies profiled

A. O. Smith Corp., ABHAY BOILERS and PROJECTS PVT LTD. , AERCO., Alfa Laval AB, Benvig Heat Transfer spol. S r.o., BERETTA HOLDING SA, Bronswerk, E.ON UK Plc, Fbm Hudson Italiana, GEA Group AG, General Electric Co., Grundfos Holding AS, Parker Boiler Co., Patterson Kelley, Robert Bosch GmbH, Siemens AG, SPG Dry Cooling, The Cleaver Brooks Co. Inc., Thermax Ltd., Vaillant Group, and Viessmann Climate Solutions SE

 

Market Driver

The global boiler condenser market is experiencing growth due to technological advancements in boiler condenser technology. These advancements include the use of finned tubes and extended surface tubes for efficient steam condensation and resistance to corrosion and fouling. High-strength alloy tubes are also being used to withstand higher pressures and temperatures, improving turbine back pressure control and flexibility. Automation, monitoring sensors, and advanced control algorithms are being incorporated to provide predictive maintenance and fault detection, enhancing equipment reliability and performance. Manufacturing techniques have improved, allowing for optimized designs for size and performance, leading to compact, high-efficiency boiler condenser configurations. Features such as setup wizards and multiple preset systems simplify installation and reduce costs, further increasing market growth. 

The boiler condenser market is experiencing significant growth due to the increasing demand for efficient energy use and improved productivity in various industries. Key players in this market include database product providers, think tanks, and organizations specializing in components and services. In the finance industry, real-time analytics and big data are driving innovation, with logistics professionals utilizing advanced data modeling and analytics tools for fraud detection and optimization of delivery routes. The logistics industry also benefits from database products for shipment tracking and warehouse management, ensuring smooth operations and reducing bottlenecks. Medical information and disease surveillance are other sectors leveraging data management and real-time analytics, leading to improved patient care and public health. As data continues to grow exponentially, the need for effective data management and analytics solutions will remain a top priority for organizations across industries. 

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Market Challenges

The global boiler condenser market may experience limited growth due to the increasing popularity of alternative technologies. Heat pumps, solar thermal systems, geothermal heat pumps, and fuel cells are some of these alternatives. Heat pumps, especially in regions with renewable electricity, are increasingly preferred over boiler condensers for heating and hot water needs. Solar thermal systems use sunlight to heat water and can be used in conjunction with boilers to reduce their workload. Geothermal heat pumps utilize the constant ground temperature as a heat source in winter and a heat sink in summer. Fuel cells generate electricity through an electrochemical process and can capture the waste heat for heating and hot water needs. These alternatives offer efficiency and sustainability, potentially slowing down the growth of the boiler condenser market.The Boiler Condenser Market faces several challenges in the logistics industry. Disease surveillance requires real-time analytics and big data to prevent delays. Route optimization is crucial for efficient delivery, but logistics professionals need advanced tools to manage complex delivery routes. Warehouse management involves organizing people, places, and things, while component services require on-time availability. Bottlenecks in delivery routes can cause significant delays and financial losses. Logistics organizations must use analytics tools and database products to identify and address these issues. Fraud detection is essential for financial industries, and logistics companies must ensure secure shipment tracking to maintain trust with clients. Logistics professionals must manage events and locations effectively, utilizing advanced data modeling and analytics to optimize operations. In the medical information sector, disease surveillance and warehouse management require real-time data and analytics to ensure the timely delivery of critical components. Overall, the logistics industry must adapt to these challenges to provide efficient and effective services.

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Segment Overview 

This boiler condenser market report extensively covers market segmentation by

Application 1.1 Electricity generation1.2 Industrial production1.3 OthersType 2.1 Spray condenser2.2 Filling condenser2.3 Water plate condenser2.4 Plate condenserGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Electricity generation- Boiler condensers, such as steam condensers, play a vital role in electricity generation by converting exhaust steam from turbines back into liquid water. This process is crucial for maintaining the efficiency of the steam cycle, as it allows for the recovery and reuse of water in the boiler to generate more steam. The thermal efficiency of power plants is improved by capturing the latent heat released during condensation, which can be used to preheat incoming feed water, reducing fuel consumption and lowering operational costs. With increasing regulatory pressure to minimize emissions, boiler condensers help power plants comply with regulations by condensing vapors that would otherwise be released into the atmosphere. The global electricity demand continues to grow, particularly in emerging economies like India and the US. For instance, India’s electricity generation grew by 6.80% in January 2024, while the US is expected to generate around 4,3000 billion kilowatt hours of electricity in 2024, a 3% increase from 2023. As these countries expand their industrial and service sectors, the need for efficient electricity generation systems, including boiler condensers, becomes essential to meet this growing demand, driving the growth of the global boiler condenser market.

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Research Analysis

The Boiler Condenser Market is experiencing significant growth due to the increasing demand for energy efficiency and cost savings in various industries, including data centers and the finance sector. Social networks and recommendation engines are leveraging boiler condensers to improve data center cooling efficiency and reduce energy consumption. Graph databases, with their property graph model, are gaining popularity for data management in industries like finance, logistics, and medical information due to their ability to handle complex relationships between vertices and edges. Data modeling and visualization are essential for optimizing business processes and identifying inefficiencies in industries like logistics and warehouse management. However, the lack of standardization in boiler condenser design and implementation poses challenges for programming ease and real-time analytics. Long tasks, such as stored procedures, require efficient indexing and processing to ensure optimal performance. Real-time analytics are crucial for industries like finance and logistics, where quick decision-making is essential. In the logistics industry, boiler condensers are used for route optimization and disease surveillance, while in the finance industry, they are used for data management and risk analysis. Overall, the boiler condenser market is poised for growth as industries continue to seek energy efficiency and cost savings.

Market Research Overview

The Boiler Condenser Market is a dynamic and growing industry that focuses on the production and application of boiler condensers. These essential components help to improve the efficiency of power generation and industrial processes by condensing steam back into water. In the modern business landscape, boiler condensers are increasingly being integrated with advanced technologies such as Database products, Real-time analytics, Big data, and Fraud detection to optimize performance and enhance operational efficiency. The Finance and Logistics industries are major consumers of boiler condensers, with applications ranging from Data management and Route optimization to Warehouse management and Shipment tracking. Logistics professionals rely on these components to streamline their operations, minimize Bottlenecks, and ensure timely Delivery routes. Think tanks and organizations are also investing in Boiler Condensers to gain insights from Advanced data modeling and Analytics tools. Medical information and Disease surveillance are other emerging applications, with potential for significant impact on public health and safety. Component manufacturers and service providers offer a range of solutions to meet the diverse needs of the market, from standard off-the-shelf designs to customized systems tailored to specific industries and applications. The future of the Boiler Condenser Market looks bright, with continued innovation and growth expected in the years to come.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationElectricity GenerationIndustrial ProductionOthersTypeSpray CondenserFilling CondenserWater Plate CondenserPlate CondenserGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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SOURCE GR0.com LLC

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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