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The new center will bring together the company’s North America Water Heating commercial engineering, platform electronics, product support and product management functions with Lochinvar engineering and product management.
According to market research from IMARC Group, the global residential boiler market Reached $7.73 billion in 2021, and it is anticipated to reach $10.52 billion by 2027, at a CAGR of 5.10% over 2022-2027.
