U.S. Industrial Boiler Market Size By Capacity (< 10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, >250 MMBtu/hr), By Application (Food, Paper, Chemicals, Refining, Metals), Industry Analysis Report, State Outlook (Illinois, Indiana, Michigan, Ohio, Wisconsin, Alabama, Kentucky, Mississippi, Tennessee, Arkansas, Louisiana, Oklahoma, Texas, Delaware, Florida, Maryland, North Carolina, South Carolina, Virginia, West Virginia, Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New Jersey, New York, Pennsylvania, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Alaska, California, Hawaii, Oregon, Washington, Arizona, Colorado, Utah, Nevada, New Mexico, Idaho, Montana, Wyoming), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
Published Date: November 2016 | 202 Pages | Report ID: GMI832 Report Format: PDF
U.S. Industrial Boiler Market size was USD 452 million in 2015 with 2% growth forecast from 2016 to 2024.
U.S. Industrial Boiler Market size, by capacity, 2013 -2024 (USD Million)
Positive outlook towards chemical and food processing industries will favor the growth of the U.S. industrial boiler market in future. According to the American Chemical Council chemical production will rise by 1.6% in 2016 and 3.7% in 2017 which will help to drive this industry growth.
Government measures to reduce the carbon emission will also boost the demand of industrial boiler during forecast period. The EPA has introduced various rules and regulation such as national emission standard for hazardous air pollutants standards to mitigate the effect of toxic gas emission, released during the furnace operation. The aim is to protect environment from adverse effect of air pollutant by setting maximum allowable concentrations of pollutants in the outdoor, or ambient.
Decreasing performance along with gradual increase in maintenance and operating costs will lead to replacement of installed boilers. It has been estimated that over 30% of the installed products are near to its maturity period, which will boost its demand in near future.
Increasing fuel prices will augment the demand for high efficiency heating furnace as fuel costs contributes over around 80% of total operational cost. Measures to minimize the expenditures and to optimize available resources utilization will drive the U.S. industrial boiler market during the forecast period.
U.S. Industrial Boiler Market, By Capacity
U.S. Industrial boiler market size from < 10 MMBtu/hr capacity was valued over USD 100 million in 2015 and witness to grow in future owing to wide application in chemical and primary metal manufacturing industries. Majority of the installations are accounted for chemical industries.
The 10-50 MMBtu/hr capacity is anticipated to expand at a rate more than 3% during forecast period owing to increasing demand for processed and packaged food products. The average size of food industry boilers accounts for 20 MMBtu/hr.
The boilers with 50-100 MMBtu/hr capacity was valued over USD 75 million 2015. Expansion of refinery industry to meet the growing demand for petroleum product will boost the demand for 100-250 MMBtu/hr capacity furnace in near timeframe. Capacity over >250 MMBtu/hr is estimated to grow over 2% during forecast period.
U.S. Industrial Boiler Market, By Application
U.S. industrial boiler market share for food applications was over 27% of the total revenue for 2015, with steady future growth expectations. Changing consumer lifestyle and a shift in dietary habits towards high value added foods such as chocolates and meats may favor the demand of processed food.
Paper applications are anticipated to grow over 3%. High demand of paper from end use industries for labelling and packaging may have positive impact on industry growth. Positive outlook towards shale gas and increasing demand for specialty products including cosmetics and dyes will favor the industry growth. Chemicals application share is estimated to reach over USD 150 million by 2024.
Refinery applications are estimated to reach over USD 95 million by 2024. Growing demand for refining products including lubricants, diesel, asphalt and LPG may propel the industry growth in near future.
11% of the total U.S. industrial boiler market share can be attributed to primary metals. Escalating steel demand may positively impact the industry growth.
U.S. Industrial Boiler Market, By Region
Ohio industrial boiler market size is projected to witness substantial gains over 2% owing to increasing manufacturing output from chemical and food processing industries.
Alabama is estimated to witness a reach over USD 10 million by 2024. Positive outlook toward paper industry may favor the regional growth in near future. Louisiana industrial boiler market share was over 26% of regional revenue in 2015, high concentration of refinery industry in the region will boost demand.
North Carolina looks set to exceed USD 25 million by 2024. Strong industrialization indicators will positively affect the industry outlook during the forecast period. North East led by New Jersey industrial boiler market share contributed to over 13% of regional share and is predicted to reach over USD 5 million by 2024. Iowa industrial boiler market size was USD 7 million in 2015, expansion of food processing industries in the region will further compliment the business growth.
Mountain states led by Colorado industrial boiler market size was valued above USD 7 million and is forecast to grow over USD 10 million by 2024.Favourable economic to support the future growth of the industry.
Competitive Market Share
Major industry participants include Columbia Company, Hurst & Welding Company, Inc., Le Groupe Simoneau, Inc., Calderas Powermaster, Sioux Corporation, Easco Corporation, Superior Works, Inc., Bryan Steam LLC., Vapor Power International, LLC., Fulton Inc., Clayton Industries, Inc, M. Lattner Manufacturing Company, Williams & Davis Inc., Parker Company, Acme Engineering Prod. Ltd., Cleaver-Brooks, Inc., York-Shipley, Unilux Advanced Manufacturing, LLC
U.S. Industrial Boiler Industry Background
Industrial boiler is closed vessel, used to burn fuel such as coal and natural gas for supplying steam to stationary engine. Increasing demand for energy efficient equipment coupled with government norms and regulation are some of factors which will influence its demand during forecast period. Rising clean energy fuel demand and abundant natural gas availability may also complement industry growth.
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