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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.
U.S. Industrial Boiler Market Report Attributes
| Report Attribute |
Details |
| Base Year: | 2023 |
|---|
| U.S. Industrial Boiler Market Size in 2023: | USD 1.5 Billion |
|---|
| Forecast Period: | 2024-2032 |
|---|
| Forecast Period 2024-2032 CAGR: | 4.4% |
|---|
| 2032 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: | - Upgradation and replacement of existing boilers
- Positive outlook toward chemical and food processing industries
- Adoption of stringent emission regulations
|
|---|
| Pitfalls & Challenges: | |
|---|
