U.S. Boiler Market Size & Share 2025 to 2034

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will continue to grow owing to the expansion of district heating networks paired with the growing replacement of outdated boiler units.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.
 

• 0.3 to 2.5 MMBtu/hr capacity boilers are extensively utilized in in various commercial settings, including public venues, lodgings, offices, schools, institutions, retail centers, and small-scale industries. These systems are preferred over other available counterparts owing to their minimal investment, quick installation, straightforward maintenance and quick installation.
   
• The U.S. regulatory authorities have outlined a pathway to achieve net-zero industry by 2050 and are emphasizing the replacement of fossil fuel heating systems other electrified technologies this year. The industries seek to remain competitive in the evolving energy economy, the widespread adoption of low-emission equipment will be essential in meeting long-term decarbonization goals.
   
• Ongoing expansion in commercial establishment including healthcare facilities and educational institutions will foster the market for 2.5 to 10 MMBtu/hr capacity boilers. The surging addition of floor space in line with growing capital expenditures in technology modernization will benefit the expansion of the U.S. boiler market.
   
• The boilers with a capacity of 10 to 50 MMBtu/hr will grow at a CAGR of 5% through 2034 owing to their wide of application in medium and small scale industries. The growing requirement for water heating in food and beverage, chemical and refinery sectors will drive the use of these boilers.
   
• The 50 - 100 MMBtu/hr capacity boiler was valued at USD 2 billion in 2024 and is anticipated to see significant growth owing to increasing demand across various industrial sectors including primary metal manufacturing, paper & pulp plants and refineries. For citation, the nation has experienced robust expansion of manufacturing industries last year.
   
• The boilers with a capacity ranging from 100-250 MMBtu/hr is poised for growth on account of their rising use in large industries, food processing plants, steel mills, and petrochemical plants. The ongoing development of refineries in line with the increasing demand for primary metals are major drivers for high-capacity boilers.
   
• The > 250 MMBtu/hr boiler industry is gaining huge momentum on account of implementation of stringent building standards & codes and growing adoption of cost effective systems to meet the water heating & storage needs. For reference, the Environmental Protection Agency (EPA) has established National Emission Standards for Hazardous Air Pollutants (NESHAP) to regulate emissions from boilers which has led to the installation of condensing boilers in place of older units.
   
• The condensing boiler technology is anticipated to observe substantial demand at a CAGR of over 9% through 2034, on account of the introduction of stringent energy efficiency regulations and the replacement of existing boiler units. The technology works by cooling steam below 56°C using a specialized heat exchanger, which condenses water vapors. 
   
• Non-condensing boiler technology are traditional boilers, which do not engage in condensing the released flue gases. The rising demand for industrial space and water heating, along with their competitive pricing compared to other options is set to drive the demand for these boilers.
   
• For citation, in 2024, the U.S. Environmental Protection Agency (EPA) alongside the Department of the Energy announced their American Investment Agenda, which consists of funding projects which in turn will subsequently lower methane leak rates from the oil and gas industries. By achieving this, the program will aid in decreasing climate emissions while also providing jobs in the low-income areas and meeting the nations clean air targets.
   

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• The rising space heating demand, low winter temperatures along with upgrades of the existing industrial facilities will complement steam boiler market. The growing investments toward industrialization and stringent government regulations to curb emissions will further stimulate the U.S. boiler market outlook.
   
• The hot water boiler was estimated at USD 3.5 billion in 2024. The industry is gaining huge momentum on account of growing deployment across commercial establishments. Organizations are replacing their existing systems in order meet the energy efficiency guidelines and stringent building standards and codes. For instance, the consumers are adopting new heating systems to comply with the provisions of green building and the guidelines of LEED certification.
   

• The East North Central boiler market is accounted for above 1 billion in 2024. The market is experiencing significant growth owing to the paradigm shift toward sustainable energy development and government initiatives pertaining to development of new industrial facilities. For instance, the U.S. Environmental Protection Agency's introduction of National Emission Standards for Hazardous Air Pollutants (NESHAP) to limit harmful emissions.
   
• The boiler industry in West South Central region will observe substantial growth on account of extreme climatic conditions and the flourishing real estate sector. Various state governments are rolling out incentives and rebate programs to boost the adoption of clean technologies.
   
• For citation, The National Energy Improvement Fund (NEIF) started a scheme that starts with loans of 1.9% for projects involving electric or natural gas energy efficiency upgrades. These loans are considered as low interest loans and repayment is allowed up to 5 years.
   
• The escalating consumer cognizance toward environmental issues coupled with the advocacy of good quality and dependable heating units will propel the growth of the South Atlantic boiler market. Replacing non-electric heaters with more environmentally friendly models has been incentivized because of legislation aimed at managing pollution such as the Clean Air Act, and emission limits for each state which are helpful in promoting these units.
   
• The North East boiler market will witness at a CAGR of 4.5% through 2034. The industry is being shaped by a combination of regulatory pressures, economic incentives, technological innovations and sustainability goals. The growing concern on energy efficiency and smart building integration in line with introduction of stringent regulations will drive the deployment of these units.
   
• For instance, the Shapiro Administration invested USD 3.2 million to support U.S. Boiler Company’s USD 5.5 million expansion project in Lancaster, Pennsylvania in 2024. The project includes constructing a 45,000-square-foot manufacturing facility equipped with advanced production lines to increase the output of high-efficiency, low-emission boilers.
   
• The East South Central boiler market is anticipated to upsurge owing to supportive regulatory requirements, technological advancements, economic factors and climate considerations. For instance, in January 2023, the Commercial Property Assessed Clean Energy program initiated building owners, contractors, and developers to enable secure affordable, long-term financing for eligible clean energy upgrades.
   
• The West North Central boiler market is set to reach over USD 400 million by 2034. The industry has experienced a notable growth pertaining to a range of temperatures from hot summers to cold winters. Ongoing innovations in boiler technology comprising of improved efficiency, smart controls, and multi-fuel capabilities will attract the consumer toward enhanced performance and cost savings.
   
• The Pacific States region is anticipated to witness an upsurge at a CAGR of over 6.5% through 2034,on account of implementation of strict environmental norms & green building standards including Title 24 and Leadership in Energy and Environmental Design (LEED). The state federal government prioritize environmental sustainability and energy efficiency, leading to the robust deployment of high-efficiency heating systems.
   
• The Mountain States are set to grow due to demand from hotels, resorts, and leisure centers for dependable heating solutions that are efficient enough to support the robust tourism industries in states such as Colorado and Utah, fueled by ski resorts and national parks. The tourism in these states relies heavily on the ski resorts and national parks which these states have to offer.
   

U.S. Boiler Market Share

• The top 5 players including Fulton, Weil-McLain, Miura America, IHI Corporation and Hurst Boiler & Welding Co. together holds share of about 40% in the U.S. boiler industry. IHI Corporation holds a significant share owing to its extensive product portfolio and strong presence across industrial and commercial sectors.
   
• Hurst Boiler & Welding Co. is among the leading competitors on the international boiler market due to the wide variety of high-efficiency steam and hot water boilers designed for industrial, commercial and institutional purposes. Also included are fire-tube, water-tube, and hybrid boilers, as well as custom-engineered systems that fulfill specific operational requirements.
   
• Miura America is one of the biggest manufacturers within the boiler market as it focuses on the production of high efficiency, low emission modular steam boilers. With capabilities servicing food processing, healthcare, pharmaceuticals, and manufacturing, the company has established itself as a major player in the North American market.
   

U.S. Boiler Market Companies

• A.O. Smith net sales reached USD 3.8 billion in 2024, leading to an impressive gross profit of 1.5 billion owing to the booming energy efficient boiler solutions demand coupled with strong expansion of the residential and commercial heating sectors.
   
• In a bid to develop low voltage electric Industrial boilers that are efficient in energy consumption, Babcock Wason launched the LV-Pack in September 2024. This introduction is a testament of the company’s focus on sustainable development technology and further fortifies their product offering.
   
• Babcock & Wilcox Enterprises reported a revenue of 651.1 million for the first three quarters of 2024. In November 2022, it disclosed that their B&W Environmental and B&W Thermal business segments had won 24 million contracts.
   

Major players operating in the U.S. boiler market are:

• A.O. Smith
• AERCO
• Babcock & Wilcox Enterprises, Inc.
• Bradford White Corporation, USA
• Burnham Commercial Boilers
• Clayton Industries
• Cleaver-Brooks
• Columbia Boiler Company
• Energy Kinetics
• Fulton
• 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 Boiler Systems, Inc.
• IHI Corporation
• Thermal Solutions LLC
• U.S. Boiler Company, LLC
• Victory Energy Operations
• WM Technologies LLC
   

U.S. Boiler Industry News

• In May 2024, Miura has introduced a new 5 ppm Ultra Low NOx boiler that is a game changer for the environment and energy efficiency. The boiler is designed to stop NOx emissions to the unbelievably low figure of 5 ppm, meeting even the lowest emission standards. The operators can meet regulations without sacrificing the performance of their system.
   
• In March 2024, Hurst Boiler & Welding and Nationwide Boiler signed an agreement where Hurst Boiler appointed it to be their exclusive sales representative in California and Houston, Texas. This enabled customers to purchase Hurst’s feed water equipment, industrial packaged boilers, and other Custom Engineered solutions offered for various application industries.
   
• In February 2024, Babcock Wanson has announced that it has purchased the VKK Group, a business dedicated to the design and production of industrial boilers for the food, energy, and chemical industries. Additionally, the VKK Group also provides engineering, project execution, equipment supervision, and maintenance services. This development enhances his position in the world and augments his abilities through V new production workshop in Köthen and a service place in Duisburg.
   
• In August 2023, Burnham Commercial Boilers has now completed the acquisition of CSI Services, though the amount involved in the transaction has not been disclosed. The objective of this acquisition was to strengthen Burnham’s Thermal rental boiler division by adding CSI Services’ professional mechanical contracting capabilities within the scope of boiler systems and other ancillary services.
   

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

• 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 Product

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