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U.S. Boiler Market Trends

Report ID: GMI4391
Published Date: Jul 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of U.S. boiler was crossed USD 4.1 billion in 2023 and will grow at a CAGR of over 5.3% from 2024 to 2032, backed by the introduction of emission reduction regulations, coupled with the ongoing replacement of traditional steam generating units with energy-efficient boilers.

The 10 – 50 MMBtu/hr rated boiler market in the U.S. will exceed USD 1.5 billion by 2032, due to the continuous expansion of commercial establishments such as retail stores, offices, nursing homes, and educational institutions.

The U.S. natural gas fired boiler market size will witness growth rate of over 5.5% through 2032, owing to the competitive natural gas prices, combined with growing interest in sustainable technologies.

Burnham Commercial Boilers, Clayton Industries, Cleaver-Brooks, Columbia Boiler Company, Energy Kinetics, General Electric, HTP, Hurst Boiler & Welding Co, Inc., and Lennox International Inc. among others.