U.S. Boiler Market Size By Fuel (Natural Gas, Oil, Coal), Capacity, By Technology (Condensing, Non-Condensing), By Product (Hot Water, Steam), By Application (Commercial, Industrial) & Forecast, 2023 – 2032

U.S. Boiler Market Size

U.S. Boiler Market size surpassed USD 3.4 billion in 2022 and is anticipated to expand at 5.3% CAGR from 2023 to 2032 attributed to the increasing infrastructural investments along with changing consumer preferences towards modular boiler systems.

To understand key trends  
Download Free Sample
 

The global boiler industry revenue is likely to hit USD 180 billion by 2032. The U.S. market is expected to experience consistent growth owing to factors including the ongoing industrialization and surging investments toward the expansion of manufacturing facilities. The introduction of emission reduction regulations aimed at limiting greenhouse gas emissions, coupled with the replacement of traditional steam generators with energy-efficient boilers, will drive the U.S. boiler market outlook. Additionally, the introduction of state government regulations to encourage the development and expansion of commercial and industrial facilities will stimulate the industry dynamics.

COVID– 19 Impact

The economy has been significantly affected by the ongoing COVID- 19 pandemic. The implementation of extensive lockdown measures has led to the shutdown of numerous businesses and infrastructure projects. This has had a particularly negative impact on retail stores, restaurants and bars, public gatherings, and the manufacturing sector. Furthermore, the reduced availability of workers has further effected the demand for boilers. The industry has recovered and regained its momentum in 2021 due to a strong economic growth and an increasing consumer demand for goods and services.

U.S. Boiler Market Analysis

The natural gas segment was valued at over 2 billion in 2022. Natural gas is a widely available and relatively affordable fuel source in the U.S. It is a cleaner-burning fuel when compared to other fossil fuels, resulting in lower emissions of greenhouse gases and pollutants. The environmental advantages of natural gas make it an attractive option for industries and commercial sectors. The ongoing shift towards cleaner energy sources and the paradigm shift toward energy efficiency will foster the U.S. boiler market expansion.
 

To understand key market trends  
Download Free Sample
 

The 0.3 – 2.5 MMBtu/hr capacity boiler industry is expected to cross a valuation of USD 450 million by 2032 driven by the continuous development of commercial establishments including retail stores, offices, nursing homes, and educational institutions. This growth is further accelerated by shifting trends towards the consumption of processed food and beverages.

The condensing technology is projected grow at a rate of 10.4% till 2032. This technology allows for higher energy efficiency compared to traditional non-condensing boilers. The growing emphasis on energy efficiency and environmental sustainability is driving the adoption of these units. The introduction of stricter energy efficiency standards and building codes in commercial sector will further institute a favorable outlook for boiler market in the United States.

To understand key market trends  
Download Free Sample
 

The hot water boiler product type holds industry share of about 40% in 2022. The industry will witness an upsurge owing to increasing population index and urbanization rate. Rising construction activities, particularly in the commercial sector, are driving the product demand. Increasing urbanization rate coupled with the introduction of stringent emission norms to deploy advance heating systems will positively impact the business landscape.

Steam boiler market is projected to grow on account of its surging demand from various industries including power generation, chemical, food and beverage, and manufacturing plants. The demand has received an impetus from the increased replacement activities across commercial spaces and industries. Ongoing technological advancements boiler design that enables the use of natural gas, shale gas and electricity as the preferred feedstock will drive the industry growth.

The commercial boiler industry reached USD 1.6 billion value in 2022. The favorable outlook toward the healthcare sector's expansion coupled with the increasing demand for diagnostic centers will foster the business statistics. Government regulations aimed at transitioning towards zero-emission buildings have led to the replacement of existing heating units, which in turn will offer significant growth opportunities. Additionally, there is a growing emphasis on reducing the adverse effects of carbon emissions, which has increased the demand for energy-efficient boilers.

To understand regional trends  Download Free Sample
 

The East North Central boiler market is expected to witness growth rate of 5.1% during 2023-2032. The ongoing economic development and increasing investments towards upgradation of industrial facilities will augment the industry landscape. The rising per capita income and growing demand for food processing units will further boost the adoption of boilers. In addition, increasing investments across the chemical sector will further complement the industry growth. The growing space heating demand, low winter temperatures, and upgradation of the existing commercial facilities are some of the key parameters which will complement the market growth.

U.S. Boiler Market Share

Major players operating across the U.S. boiler industry players are include :

• A. O. Smith
• AERCO
• Babcock & Wilcox Enterprises,Inc
• Bradford White Corporation
• BURNHAM COMMERCIAL BOILERS
• Clayton Industries
• Cleaver-Brook
• Columbia Boiler Company
• Energy Kinetics
• General Electric
• HTP
• Hurst Boiler & Welding Co,Inc
• Lennox International, Inc
• Miura America Co,Ltd
• P.M. Lattner Manufacturing Co
• PARKER BOILER
• PB HEAT,LLC
• Precision Boilers
• Rentech Boilers
• Slant/Fin Corporation
• The Fulton Companies
• Thermal Solutions LLC
• U.S. Boiler Company,LLC
• Victory Energy Operations,LLC
• Weil-McLain.
   

U.S. Boiler Industry News

• In January 2023, Clayton Industries installed 600 hp E series commercial boilers with custom steam solutions for their Midwest corrugation plan. The E series boiler ranges from 150 to 2,000 boiler horsepower. In addition, it offers various features including skid mounting, containerizing, fired steam generators, and fully modulated automatic controls.
   
• In May 2022, The Fulton Companies launched a classic steam boiler. The new boiler has a compact, vertical tubeless design. Classic uses proven technology to deliver steam economically while delivering rugged, robust, and reliable operations. Additionally, Classic steam boilers are exempt from expensive and time-consuming SBG01 non-destructive testing requirements.
   

This U.S. boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD” from 2019 to 2032 for the following segments:

Click here to Buy Section of this Report

Market, By Fuel

• Natural Gas
• Oil
• Coal
• Others

Market, 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

Market, By Technology

• Condensing
• Non-Condensing

Market, By Product

• Hot Water
• Steam

Market, By Application

• Commercial
  • Offices
  • Healthcare Facilities
  • Educational Institutions
  • Lodgings
  • Retail Stores
  • Others
• Industrial
  • Food Processing
  • Pulp & Paper
  • Chemical
  • Refining
  • Primary Metal
  • Others

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

• 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