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U.S. Boiler Market Size – By Fuel, By Technology, By Product, By Capacity, By Application, Analysis, Share, Growth Forecast, 2025 – 2034
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U.S. Boiler Market
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Base Year: 2024
Companies covered: 25
Tables & Figures: 45
Countries covered: 1
Pages: 150
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U.S. Boiler Market Size
The U.S. boiler market was valued at USD 4.5 billion in 2024 and is expected to register at a CAGR of 5.7% from 2025 to 2034. Growing concerns over carbon emission along with the ongoing replacement of traditional steam generating units with energy efficient boiler will augment the product development. The replacement demand is particularly strong for older boilers nearing or exceeding their average operational lifespan.
The industry outlook will be positively impacted by the escalating investment in the manufacturing industry owing to the increased use of advanced boilers which will supplement decarbonization policies. Moreover, effective consumer awareness coupled with the environmental legislation that advocates the installation of dependable and effective heating systems is likely to foster U.S. boiler market expansion.
In 2023, The Infrastructure Investment and Jobs Act along with the CHIPS and Science Act coupled with the Inflation Reduction Act III and these steps have increased the U.S. government’s industrial policies. These steps are America’s greatest industrial planning effort since the Cold War, with plans to decrease carbon emissions, while increasing relevant economic activity in the country.
The industry will continue to grow owing to the expansion of district heating networks paired with the growing replacement of outdated boiler units. Significant investments in the industrial sector coupled with implementation of federal regulations aimed at reducing CO2 emissions will foster the business outlook.
The boiler industry will experience steady growth on account of increasing industrialization and investments in expanding manufacturing facilities. The combined efforts of private sector participants and federal and state governments in developing and expanding commercial centers have fostered a favorable business environment. In 2023, U.S. energy-related carbon dioxide emissions witnessed a decline of over 80% reduction in the power sector. This reduction was caused primarily by the declining share of coal-fired electricity generation in favor of natural gas and solar power.
U.S. Boiler Market Trends
The U.S. boiler industry is set for sustained growth, driven by growing industrialization, the robust investments across manufacturing sector and the policies set to enhance energy saving. The implementation of emission reduction directives, aimed at lowering greenhouse gas (GHG) emissions, have led to a transition from conventional boilers to boilers with higher energy efficiency.
The U.S. government designated USD 500 million from the Energy Department’s grants to deploy low carbon technologies for industrial process heat. Grant funding will allow factories to install heat pumps, electric boilers, solar thermal systems, and thermal energy storage in order to minimize dependency on fossil fuels.
The increasing demand for space heating along with the enforcement of building codes mandating energy-efficient, star-rated products, is accelerating the adoption of advanced heating systems. Additionally, the Environmental Protection Agency’s National Emission Standards for Hazardous Air Pollutants (NESHAP) are shaping industry conditions by tightening emission controls, encouraging manufacturers to develop cleaner and more efficient boiler technologies.
For instance, according to the International Energy Agency, the authorities set the goal of cutting greenhouse gas emissions by 40 percent by 2030, in scope with the climate change agenda. This goal has been set with the backing of policies that advocate deployment of clean energy technologies, energy efficiency, and the shift from fossil fuels.
Growing focus on reducing emissions along with the development of alternative fuel systems including hydrogen and other bio fuels will augment the U.S. boiler market penetration. The increasing use of smart IoT boilers along with integration remote monitoring systems and predictive maintenance will further enhance the operational performance of boilers.
The American Gas Association has established Climate Change Commitments with the goal of reducing greenhouse gas emissions through the deployment of modern technologies, innovations, and updated infrastructure. Higher efficiency of natural gas, combined with the growth in renewable energy sources, has aided the shift to a cleaner energy market for consumers.
U.S. Boiler Market Analysis
The U.S. boiler industry was valued at USD 3.7, 4.2 and 4.5 billion in 2022, 2023 and 2024 respectively. Based on capacity, the industry is segmented into 0.3 - 2.5 MMBtu/hr, 2.5 - 10 MMBtu/hr, 10 - 50 MMBtu/hr, 50 - 100 MMBtu/hr, 100 - 250 MMBtu/hr, and > 250 MMBtu/hr. The shifting focus toward low emission heating solutions including biofuel compatible boilers will focus on the growing objective toward sustainability and decarbonization.
U.S. Boiler Market Share
U.S. Boiler Market Companies
Major players operating in the U.S. boiler market are:
U.S. Boiler Industry News
The U.S. boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume Units, MMBtu/hr & revenue (USD Million) from 2021 to 2034, for the following segments:
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Market, By Fuel
Market, By Capacity
Market, By Technology
Market, By Product
Market, By Product
The above information has been provided for the following states: