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North America Steam Boiler Market Trends

Report ID: GMI8752
Published Date: Mar 2024
Report Format: PDF

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North America Steam Boiler Market Trends

Increasing applicability of these units for providing space heating across various commercial & industrial establishments will fuel the industry scenario. Rising disposable income along with improving living standard of the consumers primarily across cold climatic regions will propel the boiler market. The growing focus on reducing the aftereffects of GHG emissions is significantly increasing the demand for energy-efficient steam boilers.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for steam boiler in North America reached USD 2.6 billion in 2023 and is set to witness 5.6% CAGR through 2032, attributed to the continued advancements in boiler design facilitating the utilization of natural gas, shale gas, and electricity as primary fuel sources.

The industrial boiler segment size will grow at a rate of over 5% through 2032, driven by policy interventions, environmental regulations, trade facilitation, and technological advancements.

The U.S. market is poised to surpass USD 3 billion by 2032, favored by continuous surge in the pipeline for manufacturing plants in line with ongoing government schemes for the development of large-scale projects.

Atlantic Boilers, Babcock & Wilcox Enterprises, Inc., Babcock Wanson, Bosch Industriekessel GmbH, Clayton Industries, Cleaver-Brooks, Cochran, Doosan Heavy Industries & Construction, FERROLI S.p.A, Forbes Marshall, Hurst Boiler & Welding Co, Inc., and John Wood Group PLC.