U.S. Boiler Market 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 Product (Hot Water, Steam), By Application (Commercial {Offices, Warehouse & Storage, Retail, Education, Lodgings, Public Assembly, Healthcare, Others}, Industrial { Food processing, Pulp & Paper, Chemical, Refining, Primary Metal, Others}), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Oct 2019  |  Report ID: GMI4391  |  Authors: Ankit Gupta, Nikhil Paranjape

Report Format: PDF   |   Pages: 1340   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

U.S. Boiler Market size was valued over USD 3.5 billion in 2018 and is expected to expand over 107,000 units by 2025.
 

U.S. Boiler Market

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Boiler is a heating apparatus that is used to provide hot water and steam through the combustion of fuel for numerous applications. The system offers high flexibility to burn a wide range of fuels including natural gas, coal, oil, peat coke and wood chips. The technology comprises of a closed vessel in which water is stored and fuel is burnt in a burner to produce heat, which is then transferred to water. As a result, high pressure steam & hot water is generated which is circulated to multiple equipment for heating purposes across commercial & industrial sector. The study incorporates a detailed analysis of the U.S. boiler installation scenarios bifurcated on a regional & state basis across industrial and commercial applications. Moreover, the estimates and forecasts are in line with data represented by authorities including the IEA, EIA, DOE, associated company press releases and regional regulatory bodies.
 

U.S. Boiler Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 3.5 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period (2019 to 2025) CAGR: 3.3% 2025 Value Projection: 4.5 Billion (USD)
Pages: 1340 Tables, Charts & Figures: 2927
Geographies covered (51): Illinois, Indiana, Michigan, Ohio, Wisconsin, Arkansas, Louisiana, Oklahoma, Texas, Delaware, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, West Virginia, Washington D.C., Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New Jersey, New York, Pennsylvania, Alabama, Kentucky, Mississippi, Tennessee, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Alaska, California, Hawaii, Oregon, Washington, Arizona, Colorado, Utah, Nevada, New Mexico, Idaho, Montana, Wyoming
Segments covered: Fuel, Capacity, Technology, Product, Application
Companies covered (30): Fulton Boiler Works, Columbia Boiler Company, Miura America, Clayton Industries, Hurst Boiler and Welding Co, P. M. Lattner Manufacturing Company, Parker Boiler Company, Cleaver-Brooks, Superior Boiler Works, Vapor Power International, Victory Energy Operations, Calderas Powermaster, Williams & Davis Boilers, Sioux Corporation, Bryan Steam, Unilux Advanced Manufacturing, York-Shipley, Acme Engineering Prod., Easco Boiler Corp, RBI Boilers, Johnston Boiler Company, Rite Engineering and Manufacturing, Precision Boilers, Northwest Manufacturing, Babcock and Wilcox Enterprises, Weil-McLain, A. O. Smith, Bradford White Corporation, PB Heat, Burnham Holdings
Growth Drivers:
  • Industrial
  • Upgrading and replacement of existing boilers
  • Positive outlook toward chemical and food processing industries
  • Adoption of stringent emission regulations
  • Commercial
  • Positive outlook towards healthcare sector
  • Growing demand for energy efficient boilers
  • Stringent government regulations
Pitfalls & Challenges:
  • High initial investment

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Flourishing healthcare industry surging the commercial boiler installations

Rising government spending across the healthcare sector is accelerating the deployment of commercial boiler systems. Boilers across the industry are deployed primarily for autoclaves equipment sterilization, and water & space heating purposes. Over the last decade, government spending towards development of new and advanced healthcare facilities across rural areas has witnessed significant upsurge. There are multiple supportive organizations which are further offering financial assistance to establish new medical facilities. For instance, Rural Local Initiatives Support Corp. offers financing to build critical health care, childcare, and education services & infrastructure in remote areas. In the coming years, significant investments are being anticipated from several private financial institutions, which in turn will stimulate the U.S. boiler market growth.
 

Development of robust natural gas infrastructure will drive the product adoption

Development of robust natural gas infrastructure will drive the product adoption

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Presence of strong gas supply infrastructure is contributed by abundant potential of natural gas across the country. For instance, in January 2019, the U.S. Energy Information Administration, announced that the country has around 2,459 trillion cubic feet of technically recoverable resources (TRR) of dry natural gas which could last for around 80 years. Ease-of-extraction along with well-established fuel distribution channels & networks is anticipated to spur the installation of natural gas fired boiler systems across the U.S. In addition, ongoing initiatives toward the retro fitment of existing boilers along with low emission content will further boost the U.S. boiler market size.
 

Non-Condensing technology will continue to drive the U.S. boiler industry revenue

Non-condensing boiler systems are traditional heating systems which do not condense the outgoing flue gases. As a result, efficiency of these systems remains low when compared to other condensing boilers. However, competitive pricing, easy installation along with its ability to ensure reliable operation under extreme weather conditions in comparison to other alternatives has positively influenced the product adoption across the region. In addition, the ability of these boiler systems to operate reliably & effectively under harsh weather conditions will further proliferate the industry growth over the forecast timeline.
 

Growing commercial sector will provide impetus to 0.3-2.5 MMBtu/hr capacity

Oklahoma Boiler Market, By 0.3 -2.5 MMBtu/hr, 2018 & 2025, (USD Million)

Oklahoma Boiler Market, By 0.3 -2.5 MMBtu/hr, 2018 & 2025, (USD Million)

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0.3-2.5 MMBtu/hr capacity boilers operate at temperature & pressure ranging between 175 oC to 200 oC and 125 psig to 250 psig respectively. These units are smaller in size and operate efficiently at low temperature and pressure. These features enable its wide scale adoption across commercial establishments. In recent years, resurgent economic growth across retail centers, offices, education, and healthcare facilities has positively influenced the product adoption. For instance, in 2017 health care spending accounted for 17.9% of the country’s gross domestic product and is anticipated to witness steady growth in the coming years. Furthermore, renewed focus toward the refurbishment of existing medical facilities will enhance the product penetration over the forecast timeline.
 

Shifting focus toward energy efficiency is driving hot water boiler installation

Hot water boiler installation is witnessing an upsurge owing to increasing demand for energy efficient systems across various facilities. Over the last few years, introduction of stringent mandates has compelled organizations to replace conventional equipment with low energy consumption systems. For instance, the federal government has announced guidelines to comply with the provisions of green building and LEED certification, driving the adoption of new heating units. Growing deployment of cost-effective systems to cater the water heating & storage needs has stimulated the business outlook significantly. In addition, growing integration of digital systems to enhance monitoring capabilities, which in turn improves overall system efficiency is  further favoring the boiler deployment across the U.S.
 

East North Central region to dominate the regional industry share

Wisconsin Boiler Market, By Capacity, 2018 (USD Million)

Wisconsin Boiler Market, By Capacity, 2018 (USD Million)

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Positive outlook toward establishment of the new manufacturing facilities will drive the boiler deployment across the East North Central region. Over the years, the industrial sector has witnessed significant capacity additions across multiple industries including chemical, machinery, and food & beverage industries, thereby witnessing a steady demand for boilers. Presence of wide manufacturing base for farm machinery, and construction equipment across Illinois, has positively influenced the adoption of boiler system. In addition, substantial investments across Ohio, Michigan, Indiana and Wisconsin to establish manufacturing facilities has favored the product deployment. For instance, as per the National Association of Manufacturers, in 2017, manufacturing account for 28.6% share of the Gross State Product, marking as the major contributor toward state’s economic growth. Moreover, several industries are investing toward expansion of their existing capacity, which in turn will complement the East North Central boiler market growth.
 

Development of energy efficient system acting as the focal point of industry players

The prominent players operating across the U.S. boiler market comprises of Fulton, Columbia Boiler, Miura, Clayton, Hurst Boiler, P. M. Lattner, Parker Boiler, Cleaver-Brooks, Superior Boiler, Vapor Power, Victory Energy, Calderas Powermaster, Williams & Davis, Sioux, Bryan Steam, Unilux Advanced Manufacturing, York-Shipley, Acme Easco Boiler, and RBI Boilers. Industry participants are investing heavily toward research & development activities to develop products focused on low emissions and integrated safety features. For instance, In February 2016, Fulton Boiler Works, introduced a new heat transfer solution with vertical steam boiler design to provide high thermal efficiency when compared to conventional steam boilers.
 

U.S. Boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units, MMBtu/hr and ‘USD” from 2014 to 2025, 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 Product

  • Hot Water
  • Steam

By Application

  • Commercial
    • Offices
    • Warehouse & Storage
    • Retail
    • Education
    • Lodgings
    • Public Assembly
    • Healthcare
    • 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

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