U.S. Industrial Boiler Market Size
Rising to USD 1.5 billion in 2023, U.S. Industrial Boiler Market size is expected to show 4.4% CAGR from 2024 to 2032. Low emission level combined with enhanced safety will help to favor the product penetration.
To identify important trends in the market
Rising industrialization and large investments in the construction of manufacturing facilities are projected to cause 4.8% CAGR in the industrial boiler market. The business scenario will be favored by involvement of private enterprises and federal government toward the growth of current sectors. Moreover, the implementation of emission control policies meant to lower Greenhouse Gas (GHG) emissions has resulted in an increasing trend of substituting energy-efficient boilers for conventional steam generating units.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| U.S. Industrial Boiler Market Size in 2023 | USD 1.5 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 4.4% |
| 2032 Value Projection | USD 2.2 Billion |
| Historical Data for | 2019 to 2023 |
| No. of Pages | 950 |
| Tables, Charts & Figures | 2,594 |
| Segments covered | Capacity, Fuel, Technology, Application |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
COVID– 19 Impact
The COVID-19 has affected the sector barely perceptibly. Given strong heating demand across the many states, the boiler units should see a high demand. The demand for these boiler systems has been hampered by slow economic rebounds and limited manufacturing across several sectors as well as possibly less demand for water heating technology.
Analysis of U.S. Industrial Boiler Markets
Find out more about the main segments forming this market.
By 2032 the gas fired boiler sector will have grown at a rate of 5.2%. Competitive natural gas rates along with increasing propensity toward using sustainable technologies will help to change the sector potential. Strict government rules on the acceptance of low-emission fuels along with great availability of gas supply networks across the country will help to further provide a positive picture for U.S. industrial boiler industry.
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Find more information about the main players influencing this market.
In 2022 the 10–50 MMBtu/hr industrial boiler market will have taken over 25% of the market. Increasing application of these technologies throughout food and beverage and pulp and paper sector will favorably affect the industry scene. Key benefits of the product include minimal initial investment and maintenance cost as well as simplicity of installation, which will help the company to expand.
Condensing boilers are being adopted in good measure in response to growing focus on lowering carbon footprints and energy conservation. The National Emission Standards for Hazardous Air Pollutants (NESHAP) have been adopted by the Environmental Protection Agency (EPA) to control emissions from boilers producing replacement of current boiler units with condensing systems. Analyzing important factors including decreased heating costs, energy efficiency, and operational safety helps one to decide the penetration of these heating systems.
By 2022 the value of the refinery application exceeded USD 100 million. These systems are used for the distillation and captive power generating needs over this application area. Furthermore energizing the U.S. industrial boiler market dynamics would be growing demand for chemicals across the pairs of application industries along with continuous retrofitting and upgrading of current refineries.
Seeking information particular to a region?
The good attitude toward the chemical, refining, and petrochemical sectors will help the West South Central industrial boiler market to exceed USD 400 million by 2032. Rising expenditures in refactory renovation and strong expansion of the main metal production industry will drive demand for these systems in the area. Furthermore complementing the business development will be continuous chemical industry investment and growing disposable income.
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U.S. Industrial Boiler Market Share
The key companies operating in the United States industrial boiler industry include
- Babcock & Wilcox Enterprises
- The Fulton Companies
- Hurst Boiler & Welding Co
- Cleaver-Brooks
- Clayton Industries
- Rentech Boilers
- Victory Energy Operations
- Miura America Co.
- Superior Boiler Works
- Simoneau
- Vapor Power International
- Columbia Boiler Company
- Powermaster
- York-Shipley
- Bosch Industriekessel
- Sioux Corporation
- Acme Engineering Products
- Unilux Advanced Manufacturing
U.S. Industrial Boiler Industry News
- For an American petrol refinery, Babcock & Wilcox delivered two package boilers, auxiliary equipment, and sophisticated pollution control technologies in November 2022. These package boilers and emission control systems give consumers choices and features to satisfy the particular needs and challenges of the petroleum refining company.
- Bosch Industriekessel debuted a new Variant Refrigerant Flow (VRF) series, the Air Flux series, which gives end users dependability and energy economy in July 2020. The product fits the commercial buildings and small and medium businesses like hotels and is offered in several sizes. The new product introduction helped the business to broaden its range of products, therefore enhancing the clientele of the organization.
This market research report on U.S. industrial boiler includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD” from 2019 to 2032, for the following segments
Market, By Fuel
- Natural Gas
- Oil
- Coal
- Others
Market, By Capacity
- 0.3 - 2.5 MMBtu/hr
- 2.5 - 10 MMBtu/hr
- 10 - 50 MMBtu/hr
- 50 - 100 MMBtu/hr
- 100 - 250 MMBtu/hr
- > 250 MMBtu/hr
Market, By Technology
- Condensing
- Non-Condensing
The above information has been provided for the following regions and states
- East North Central
- Illinois
- Indiana
- Michigan
- Ohio
- Wisconsin
- West South Central
- Arkansas
- Louisiana
- Oklahoma
- Texas
- South Atlantic
- Delaware
- Florida
- Georgia
- Maryland
- North Carolina
- South Carolina
- Virginia
- West Virginia
- Washington D.C.
- North East
- Connecticut
- Maine
- Massachusetts
- New Hampshire
- Rhode Island
- Vermont
- New Jersey
- New York
- Pennsylvania
- East South Central
- Alabama
- Kentucky
- Mississippi
- Tennessee
- West North Central
- Iowa
- Kansas
- Minnesota
- Missouri
- Nebraska
- North Dakota
- South Dakota
- Pacific States
- Alaska
- California
- Hawaii
- Oregon
- Washington
- Mountain States
- Arizona
- Colorado
- Utah
- Nevada
- New Mexico
- Idaho
- Montana
- Wyoming
Frequently Asked Questions (FAQ)
How big is the industrial boiler market in the U.S.?
The market size of U.S. industrial boiler reached USD 1.5 billion in 2023 and will depict 4.4% CAGR during 2024 to 2032, attributed to the rapid industrialization and extensive investments toward the development of manufacturing facilities.
Why are industrial boilers used for refinery applications?
The refinery application segment crossed valuation of USD 100 million in 2022 and is poised to gain significant momentum till 2032 owing to the ongoing retrofitting and modernization of existing refineries.
Which are the leading firms engaged in the business landscape?
U.S. industrial boiler industry consists of Babcock & Wilcox Enterprises, The Fulton Companies, Hurst Boiler & Welding Co, Cleaver-Brooks, Clayton Industries, Rentech Boilers, Victory Energy Operations, Miura America Co., Superior Boiler Works, Simoneau, Vapor Power International, Columbia Boiler Company, Powermaster, York-Shipley, Bosch Industriekessel, Sioux Corporation, Acme Engineering Products, and Unilux Advanced Manufacturing.
What is the worth of West South Central industrial boiler industry?
The West South Central industrial boiler sector is estimated to amass USD 400 million by 2032 driven by the positive outlook towards the chemical, refining, and petrochemical sectors.
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