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U.S. Industrial Boiler Market Size
U.S. Industrial Boiler Market was valued at USD 1.5 billion in 2023 and is estimated to grow at a CAGR of 4.4% between 2024 and 2032. The collaboration between private companies and the federal government in expanding existing industries will positively influence the business landscape.
An industrial boiler is a vital element in heating systems commonly employed in industrial environments to produce hot water or steam. It functions by heating water or other fluids to generate heat, which is then distributed through pipes to deliver warmth or support various industrial processes. Modern boilers are becoming increasingly energy-efficient, often featuring advanced digital controls and sensors to enhance performance and minimize energy consumption. The demand for these systems is rising due to the need for dependable heating solutions, adherence to environmental regulations and a continuous drive for improved energy efficiency in both building and industrial operations.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 1.5 Billion |
| Forecast Period: | 2024-2032 |
| Forecast Period 2024-2032 CAGR: | 4.4% |
| 032 Value Projection: | USD 2.23 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 135 |
| Tables, Charts & Figures: | 40 |
| Segments covered: | Capacity, Fuel, Technology, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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U.S. Industrial Boiler Market Trends
The boiler market is poised for significant growth owing to increasing industrialization and substantial investments in developing manufacturing facilities. The implementation of emission reduction regulations to curb greenhouse gas emissions has spurred a trend toward replacing traditional steam generating units with energy-efficient systems. Paradigm shift toward the adoption of advanced boiler technologies that reduce emissions and enhance performance will favor the business scenario.
U.S. Industrial Boiler Market Analysis
The natural gas fired industrial boiler market will exceed over USD 1 billion by 2032. The industry potential is set to benefit from competitive natural gas prices and an increasing shift towards sustainable technologies. These systems find applications in distillation and captive power generation. Furthermore, stringent government regulations requiring the use of low-emission fuels, combined with the extensive availability of gas supply networks nationwide, will contribute to a favorable environment for industry growth.
The condensing industrial boiler market size will witness growth rate of over 10% through 2032. The expanding use of these systems in the food, beverage, pulp and paper industries will positively influence the industry landscape. The key benefits including low initial investment & maintenance costs along with the ease of installation will escalate the business growth. Additionally, the rising demand for chemicals across various application areas coupled with ongoing retrofitting & modernization of refineries will stimulate the business dynamics.
South Atlantic industrial boiler market is set to surpass USD 400 million by 2032. A positive outlook for the refining, chemical, and petrochemical sectors will drive the business growth. The region is set to see increased demand for these systems owing to rising investments in refinery refurbishments and strong growth in the primary metal manufacturing sector. Additionally, ongoing investments in the chemical sector coupled with rising disposable incomes will support the business expansion.
The growing focus on energy efficiency along with implementation of stringent environmental regulations will positively sway the Mountain States industrial boiler market. The integration of IoT and smart technologies in boiler systems is gaining traction, enabling real-time monitoring and optimization. Moreover, the rising investments in renewable energy sources and the need for sustainable industrial practices are further propelling the industry.
U.S. Industrial Boiler Market Share
Superior Boiler Works is one of the leading manufacturers of industrial boilers and related equipment. Specializing in the production of firetube boilers, the company offers a wide range of products including gas, oil, and combination gas/oil fired boilers, as well as biomass and hybrid fuel-fired steam and hot water boilers. Their boilers are known for their robust construction, efficiency, and reliability, catering to various industries such as healthcare, hospitality, manufacturing, and institutional facilities. Superior Boiler Works emphasizes innovation and quality, providing tailored solutions to meet specific customer needs, backed by a century-long reputation for excellence in boiler manufacturing.
U.S. Industrial Boiler Market Companies
The key industry players include:
- Acme Engineering Product
- Babcock & Wilcox Enterprises
- Babcock Wanson
- Bosch Industriekessel
- Clayton Industries
- Cleaver-Brooks
- Columbia Boiler Company
- Hurst Boiler & Welding Co.
- Miura America Co.
- Powermaster
- Rentech Boilers
- Sioux Corporation
- Superior Boiler Works
- The Fulton Companies
- Unilux Advanced Manufacturing
- Vapor Power International
- Victory Energy Operations
- York-Shipley
U.S. Industrial Boiler Industry News
- In May 2024, Miura America & Daikin Industries announced a strategic capital and business partnership. As part of the agreement, Daikin will acquire a 4.67% stake in Miura, while Miura will obtain a 49% share in Daikin Applied Systems, a wholly owned subsidiary of Daikin. This collaboration is designed to capitalize on the extensive business networks, products, technologies, and services of both companies, allowing them to potentially impact up to 50% of the total energy consumption at individual factories across various industries.
- In February 2024, Babcock Wanson has announced its acquisition of VKK Group, a company specializing in the design, manufacturing, and sale of industrial boilers for sectors such as food, energy, and chemicals. VKK Group also offers a broad range of services, including engineering, turnkey project installations, equipment monitoring, and maintenance. This strategic move its presence in the world and enhances its capabilities through new production facility in Köthen and service site in Duisburg.
This U.S. industrial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD Million” from 2021 to 2032, for the following segments:
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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
Market, By Application
- Food Processing
- Pulp & Paper
- Chemical
- Refining
- Primary Metal
- Others
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
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