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U.S. Industrial Boiler Market Size By Fuel (Natural Gas, Oil, Coal), 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), By Technology (Condensing, Non-Condensing), By Application (Food Processing, Pulp & Paper, Chemical, Refining, Primary Metal), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast 2021 – 2028

  • Report ID: GMI832
  • Base Year: 2020
  • Report Format: PDF

Industry Trends

U.S. industrial boiler market size exceeded USD 1.2 Billion in 2020 and its annual installation is estimated to exceed 15 thousand units by 2028. Increasing investment towards the development of efficient heating and power generation application will thrust industry demand for combustion products including industrial boiler systems.
 

U.S. Industrial Boiler Market

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Several state governments have issued strict regulations in accordance with the growing carbon emissions and thus have introduced favorable regulations and schemes for the adoption of energy efficient products. Various new age industrial boilers are introduced with automation and better operation flexibility, leading to reduction in production cost across the industrial boiler segment. Moreover, better technological advancement integration and increase in consumer spending have stimulated a positive change in market statistics for the U.S. industrial boiler, which is further complemented by the growing power generation and heating requirement in the nation.
 

However, since late 2019, the global economy had been significantly impacted by the COVID-19 pandemic. Many production and manufacturing units had been temporarily closed in compliance with the lockdown restrictions. However, mass vaccination drives and further reduction in the number of cases have kickstarted the rebounded economic growth across U.S. Furthermore, the pandemic has made consumers more conscious of greater capacity heating system and captive requirements including primary metal sector, leading to have positive effect on the U.S. industrial boiler market trends in 2020. The market growth is anticipated to recover in 2021, as revival of economy post Q3 of 2021 is anticipated with increased industrial activity across the states.
 

The study features a detailed analysis of industry trends across the U.S. segmented on a regional & state basis across fuel, capacity, technology, application, and state. Moreover, the market forecasts & estimates are in line with the data represented by authorities including the International Energy Information Administration (EIA), IRENA, ASHRAE, Energy Agency (IEA), government regulatory bodies, and company press releases.
 

High per unit fuel output and lower commodity prices will stimulate the U.S. industrial boiler industry growth from natural gas as fuel

U.S. Industrial Boiler Market By Fuel

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Increasing emission norms and stringent combustion rules is proliferating the market statistics for more technologically smart industrial boiler including natural gas driven industrial boilers. These boilers operate at high temperature cycle, with no residue and proper combustion throughout the cycle. Quick ramp up is possible according to operation needs. Multi fuel integration is possible in this product, leading to variable application across the industrial chain. In addition, automation along with strict environmental norms have allowed for greater product deployment across states, leading to strengthening of its position in gas-based U.S. industrial boiler market share.
 

Dual purpose and smooth integration across different industrial applications will stimulate the >250 MMBtu/hr industrial boiler industry landscape

U.S. Industrial Boiler Market By Capacity

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Stringent emission norms and higher captive heating requirement is making way for more technologically oriented heavy capacity industrial boilers. High scale industrial complexes have precise heating requirement, leading of consistent demand for >250 MMBtu/hr industrial boilers. Multiple units with variability loading provide better process requirement to the industrial operations across U.S. industrial boiler market. These high-capacity boilers can also be used for in-house power generation, leading to dual purpose in this application and strengthening product penetration.
 

Increasing applicability across primary metal and refining will positively sway the >250 MMBtu/hr boiler market statistics. Iron and other processing plants have pick up pace with revival of economy. Moreover, shifting trends toward the consumption of iron products across real estate along with increasing government focus on manufacturing unit’s stimulus will comprehensively enhance product deployment.
 

Ongoing R & D and retrofitting of existing units across different industrial applications will stimulate the condensing based industrial boiler demand

U.S. Industrial Boiler Market By Technology

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Ongoing R & D activities and automation integration has provided positive drivers for condensing based industrial boilers market in U.S. Better thermal efficiency, less water input and fewer heat leakages are few of the prominent features offered by the condensing boilers, leading to a substantial gain in momentum in industrial boiler industry for the technology. Government stimulus for economic activities including industrial activities have further provided growth for industrial boiler demand.
 

Condensing boilers are being adopted among users owing to significant reduction in energy bills and further cost savings with monthly payback period. Point-of-use application and low power consumption will provide momentum to the product adoption across the business landscape. Furthermore, changing trends toward advancement in operational ability and design of boilers coupled with upgradation of existing heating systems will drive the U.S. industrial boiler market statistics.
 

Positive outlook toward primary metal processing coupled with greater automation will stimulate the primary metal-based U.S. industrial boiler demand

U.S. Industrial Boiler Market, By Application

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U.S. industrial boiler market from primary metal processing applications is expected to register around 5%over the forecast timeframe. Industrial sectors including primary metal, among others have high requirement of process heat requirement on daily basis, which complements the product deployment. Additionally, one-time high installation cost along with low maintenance associated with instant industrial boiler will catalyst the market demand of industrial boilers across metal processing industries. Optimistic outlook toward primary metal processing along with ongoing investments toward expansion of existing units will fuel the market expansion.
 

Increasing integration of renewable energy along with expanding industrial infrastructure across Northeast region will complement the market size

 U.S. Industrial Boiler Market, By Region

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Shifting trends towards upgradation of existing heating systems units along with digitalization in operational ability and design of boilers will propel the industrial boiler market growth across the Northeast states. Growing integration of clean energy sources along with adaptation to automation of products have proliferated the market demand of industrial boiler systems. Climate change extreme events such as below zero temperature and ongoing investment in installation of boiler units across industries is fueling the product demand across the region. Stable commodity prices and increase in global trade will provide a momentum to U.S. industrial boiler drivers across the business landscape.
 

R & D and business acquisition strategy acting as the focal point of market players

Major market players are bringing investment in developing digitalization of product with numerous features to enhance their business share in the U.S. industrial boiler market. Also, partnerships and research & development are among the key methods followed by the leading market players to have a competitive edge in the industry. Leading market players are focusing toward integrating auxiliaries of industrial boiler components to achieve operation efficiency and subsequently strengthen their business share.
 

The prominent players profiled in the U.S.s industrial boiler market report includes Babcock and Wilcox Enterprises, Inc., Fulton Boiler Works, Inc., Hurst Boiler and Welding Co., Inc., Cleaver-Brooks, Clayton Industries, General Electric, Rentech Boilers, Victory Energy Operations, LLC., Miura America Co., Ltd., PARKER BOILER, Superior Boiler Works, Inc., Groupe Simoneau Inc., Le, Vapor Power International, Columbia Boiler Company, P. M. Lattner Manufacturing Co., Powermaster amongst others.
 

U.S. industrial boiler market report includes in-depth coverage of the market with estimates & forecast in terms of “Units, “MMBtu/hr” and ‘USD” from 2018 to 2028, for the following segments:

By Fuel

  • Natural Gas
  • Oil
  • Coal
  • Others

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

By Technology

  • Condensing
  • Non-condensing

By Application

  • Food Processing
  • Pulp & Paper
  • Chemical
  • Refining
  • Primary Metal
  • Others

The above information has been provided for the following regions and states:

  • U.S.
    • 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
      • Alabama
      • Kentucky
      • Mississippi
      • Tennessee
    • West North Central
      • Iowa
      • Kansas
      • Minnesota
      • Missouri
      • Nebraska
      • North Dakota
      • South Dakota
    • Pacific States
      • Alaska
      • California
      • Hawaii
      • Oregon
      • Washington
    • Mountain States
      • Arizona
      • Colorado
      • Utah
      • Nevada
      • New Mexico
      • Idaho
      • Montana
      • Wyoming

 

Authors: Ankit Gupta, Nikhil Paranjape

Frequently Asked Questions (FAQ) :

U.S. market for industrial boiler crossed USD 1.2 billion in 2020 and will record more than 15 thousand units in annual installation through 2028 owing to the rising investment towards the development of efficient heating as well as power generation systems.

The regional demand for natural gas-driven industrial boilers will rise with the increasing emission norms and the presence of severe combustion rules in the country.

Installation of condensing-based industrial boilers in the U.S. is anticipated to record a significant value up to 2028 driven by the surge in R&D activities and the higher adoption of automation integration.

Primary metal, which is expected to record a 5% growth rate through 2028 for the U.S. industrial boiler market, food processing, pulp & paper, chemical, and refining are some well-known industries that make use of boilers.

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Premium Report Details

  • Published Date: Nov 2021
  • Companies covered: 24
  • Tables & Figures: 1748
  • Countries covered: 51
  • Pages: 840

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