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U.S. Boiler Market Size
- Report ID: GMI4391
- Published Date: Jul 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| U.S. Boiler Market Size in 2023: | USD 4.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.3% |
| 2032 Value Projection: | USD 6.5 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 60 |
| Segments covered: | Fuel, Capacity, Technology, Product, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
U.S. Boiler Market Scope
