U.S. Boiler Market Size - By Fuel (Natural Gas, Oil, Coal), By Capacity, By Technology (Condensing, Non-Condensing), By Product (Hot Water, Steam), By Application (Commercial, Industrial), By Regional Outlook & Forecast, 2024 – 2032

U.S. Boiler Market Size

U.S. Boiler Market was valued at USD 4.1 billion in 2023 and is anticipated to grow at a CAGR of over 5.3% between 2024 and 2032. The introduction of emission reduction regulations aimed at limiting greenhouse gas emissions coupled with the ongoing replacement of traditional steam generating units with energy-efficient boilers will invigorate the business landscape. For instance, as per International Energy Agency, the authorities set a target to reduce greenhouse gas emissions by 40% by 2030.
 

A boiler is a crucial component in heating systems widely used in commercial and industrial settings to generate hot water or steam. It operates by heating water or other fluids to produce heat which is then circulated through pipes to provide warmth or for various industrial processes. The modern boilers are increasingly energy-efficient often incorporating digital controls and sensors to optimize performance and reduce energy consumption. The demand for these units continues to grow driven by the need for reliable heating solutions compliance with environmental standards and the ongoing pursuit of energy efficiency in building and industrial operations.

 

U.S. Boiler Market Trends

The U.S. boiler industry is poised for steady growth owing to increasing industrialization and investments in expanding manufacturing facilities. The state government regulations promoting the development and expansion of commercial and industrial centers will enhance the industry dynamics. The growing demand for space heating, coupled with the implementation of building codes that require the use of energy-efficient, star-rated products, will support the business environment. For instance, the Environmental Protection Agency has introduced National Emission Standards for Hazardous Air Pollutants to monitor boiler emissions further influencing the industry conditions positively.
 

U.S. Boiler Market Analysis

The 10 – 50 MMBtu/hr rated boiler market will exceed over USD 1.5 billion by 2032. The continuous expansion of commercial establishments such as retail stores, offices, nursing homes, and educational institutions will drive growth in the industry. Concurrently, trends towards increased consumption of processed food and beverages, supported by rising government expenditures in the healthcare sector, will significantly bolster product penetration. Government efforts to enhance basic healthcare services coupled with increasing infrastructural investments will energize the industry landscape.
 

The natural gas fired boiler market size will witness growth rate of over 5.5% through 2032. Competitive natural gas prices combined with growing interest in sustainable technologies will notably enhance the business environment. Stringent government regulations promoting the use of low-emission fuels along with abundant gas reserves will bolster the industry outlook. The ease of extraction and robust gas supply networks across the country are poised to drive increased the product adoption.
 

East North central boiler market is set to surpass USD 1 billion by 2032. Continued economic development and increased investments in upgrading industrial facilities will drive the industry growth. Rising per capita income along with growing demand for food processing units will boost the product penetration. Strong expansion in the chemical, refining, and petrochemical sectors will further enhance the technological adoption.
 

Continued investments in expansion and the retrofitting of existing refineries will propel the Pacific States boiler market. There is an increasing focus on reducing the impact of carbon emissions, which has significantly boosted demand for energy-efficient boilers. Additionally, the growth of the tourism sector and the robust development of educational institutions will stimulate the business growth. Government regulations promoting zero-emission buildings have led to the replacement of existing heating units escalating growth in the industry.
 

U.S. Boiler Market Share

Burnham Commercial Boilers is one of the prominent names in the boiler manufacturing industry recognized for its robust and reliable heating solutions. Catering primarily to commercial and industrial sectors, the company offers a wide range of boiler products designed to meet diverse heating needs. Its boilers are known for their durability and performance equipped with advanced features including digital controls, efficient combustion systems, and options for low emissions. The company emphasizes innovation and customer satisfaction, providing tailored solutions that adhere to stringent quality standards and regulatory requirements. Burnham Commercial Boilers continues to be a preferred choice for businesses seeking dependable and energy-efficient heating solutions.
 

U.S. Boiler Market Companies

The key industry players include:

• A.O. Smith
• AERCO
• Babcock & Wilcox Enterprises, Inc.
• Bradford White Corporation
• Burnham Commercial Boilers
• Clayton Industries
• Cleaver-Brooks
• Columbia Boiler Company
• Energy Kinetics
• General Electric
• HTP
• Hurst Boiler & Welding Co, Inc.
• Lennox International Inc.
• Miura America Co., LTD.
• P.M. Lattner Manufacturing Co.
• Parker Boiler
• PB Heat, LLC
• Precision Boilers
• Rentech Boiler Systems, Inc.
• Slant/Fin Corporation
• The Fulton Companies
• Thermal Solutions LLC
• U.S. Boiler Company, LLC
• Victory Energy Operations
• WM Technologies LLC
   

U.S. Boiler Industry News

• In September 2023, Bradford White Water Heaters has unveiled its latest offering, the FT Series light commercial boilers, available in 301 and 399 MBH sizes. These boilers can operate with either natural gas or propane fuel and achieve an ultra-high thermal efficiency of 95% or more. Each unit in the FT Series comes equipped with high- and low-temperature zone control onboard, enabling precise temperature management. Moreover, this launch has enhanced its product capabilities along with its market share in boiler portfolio.
   
• In November 2022, Babcock & Wilcox announced that its B&W Environmental and B&W Thermal business segments secured a contract worth over USD 24 million. This contract involved the provision of two industrial package boilers, accompanying auxiliary equipment, and advanced emissions control technologies for a petroleum refinery located in the country. Under this agreement, B&W Thermal will be responsible for the design and supply of two package boilers, along with burners, economizers, and other essential equipment for the refinery project. Additionally, B&W Environmental will supply two selective catalytic reduction (SCR) systems aimed at controlling nitrogen oxide (NOx) emissions. Moreover, this contract has proliferated its strong foothold along with expansion of its boiler portfolio in U.S.
   

This U.S. 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 Product

• Hot Water
• Steam

Market, By Application

• Commercial
  • Offices
  • Healthcare Facilities
  • Educational Institutions
  • Lodgings
  • Retail Stores
  • Others
• Industrial
  • 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
  • Kentucky
  • Alabama
  • Mississippi
  • Tennessee
• West North Central
  • Kansas
  • Iowa
  • Missouri
  • Minnesota
  • North Dakota
  • Nebraska
  • South Dakota
• Pacific States
  • California
  • Alaska
  • Oregon
  • Hawaii
  • Washington
• Mountain States
  • Colorado
  • Arizona
  • Nevada
  • Utah
  • Idaho
  • New Mexico
  • Montana
  • Wyoming