North America Industrial Boiler Market Analysis

North America Industrial Boiler Market Analysis

The water tube industrial boiler industry is projected to witness a growth rate of 4.6% by 2032 primarily driven by ongoing investments in expansion of manufacturing facilities and  increasing industrialization. Moreover, the growing preference for efficient units delivering safe operations, high efficiency, and low maintenance will contribute to the wider adoption of these products. Supportive government reforms aimed at promoting the installation of energy efficient boiler along with ongoing replacement of existing systems. The fire tube industrial boiler segment is poised to surpass USD 4.6 billion globally by 2032.

The gas fired boiler segment is set to experience growth fueled by the development of gas supply infrastructure and shifting focus toward clean technologies. Moreover, the current competitive prices of natural gas coupled with a rising preference for sustainable solutions will drive the product deployment. Additionally, stringent government policies and mandates regarding the implementation of low-emission fuel systems will support the industrial boiler market growth in North America.
 

The 50 - 75 MMBtu/hr capacity boilers market crossed a valuation of USD 200 million in 2022. The growing need for water heating in various sectors such as the food & beverage, pulp & paper, and other related industrial industries is expected to drive the adoption of these products. Furthermore, the widespread utilization of these units for generating steam and facilitating process heating in small and medium-scale industries will contribute to the upward trajectory of the market.
 

Food processing application captured 10% share of the North America industrial boiler market in 2022. The shift in dietary preferences towards high value-added foods like meats and chocolates, coupled with evolving consumer lifestyles, has created favorable conditions for the adoption of these units. Furthermore, the increased demand for packaged food as a result of the COVID- 19 pandemic will augment the business landscape. Moreover, the rising demand for reliable and cost-effective heating systems in industrial facilities will further contribute to the positive business outlook.
 

The condensing boiler industry is poised for enhanced growth due to the growing emphasis on reducing carbon emissions and adherence to government regulations regarding energy conservation. Furthermore, the implementation of national benchmarks for monitoring boiler emissions will stimulate the substitution of conventional boiler units. The growing popularity of processed food along with robust investments toward the development of chemical plants will fuel the North America industrial  boiler market demand.
 

The U.S. industrial boiler market is estimated to amass USD 2 billion by 2032 attributed to the optimistic outlook for the chemical, refining, and petrochemical sectors, supported by favorable policies aimed at reducing carbon footprints. The primary metal manufacturing sector, particularly in Arkansas, is witnessing a growing prominence that will strengthen the overall market growth. Increasing demand for space heating, low winter temperatures, and the upgrading of existing industrial facilities will further support the industry expansion.