Commercial Boiler Market in U.S. to exceed $2.5bn by 2026

U.S. Commercial Boiler Market is expected to surpass USD 2.5 billion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

The demand for commercial boilers will witness substantial growth owing to ongoing upgradation & replacement of existing heating systems. The government has implemented stringent environmental norms including the National Emission Standards aimed toward limiting carbon emission across commercial sector. These standards & mandates are applicable to multiple fuel sources which are burnt to harness electricity & heat from oil, natural gas, and coal. Majority of the conventional boilers are non-compliant with the newly introduced standards, which has provided lucrative opportunities for the industry participants.

 

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Robust investments toward the healthcare sector will propel the product demand

Increasing focus to limit the negative impact of carbon emissions has fueled the deployment of energy efficient boiler system across medical & healthcare establishments. Aging population and greater prevalence of chronic diseases are some of the eminent factors that have increased demand for medical facilities. For instance, the spending toward healthcare accounted for 17.9% of the country’s GDP in 2017 with per capita spending exceeding USD 10,000. In addition, substantial investments are being aimed toward the refurbishment & expansion of existing facilities, which in turn will complement the product demand.
 

Browse key industry insights spread across 1050 pages with 2097 market data tables & 44 figures & charts from the report, “U.S. Commercial 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), By Technology (Condensing, Non-Condensing), By Product (Hot Water, Steam), By Application (Offices, Warehouse & Storage, Retail, Education, Lodgings, Public Assembly, Healthcare, Others), Industry Analysis Report, Regional Outlook (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), Application Potential, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/US-commercial-boiler-market
 

Surging investments toward the development of new retail & commercial centers to drive 10– 50 MMBtu/hr boiler industry revenue

The 10 – 50 MMBtu/hr boiler market is expected to witness growth over 2% by 2026. The U.S. has well established distribution networks for several retail companies and the sector attracts substantial investments in the form of FDI. For instance, as per the U.S. Department of Commerce, the retail industry attracted an FDI amounting over USD 80 billion in 2017. The increasing demand for space heating across several retail centers including small & medium franchise outlets and “big-box” stores will positively influence the product adoption over the forecast timeline.
 

Establishment of new commercial center will provide impetus to steam boiler deployment

Increasing investments toward the development of new commercial establishments will drive the steam boiler market growth. Over the years, the floor space across the newly developed buildings have witnessed a substantial increase resulting in the growing installation of energy efficient heating units. High emission content, low performance and high maintenance costs of existing boiler systems are some of the key underlying factors favoring the installation of steam generators.
 

The major industry participants in the U.S. commercial boiler market include Burnham Holdings, Columbia Boiler, Victory Energy, A.O. Smith, York-Shipley, P.M. Lattner, Babcock & Wilcox, Unilux Advanced Manufacturing, Cleaver-Brooks, Miura America, Johnston, Vapor Power, Williams & Davis, Hurst, Precision, Clayton, Fulton, Weil-Mclain, RBI, Parker Boiler and Calderas amongst others. New product development along with extensive service portfolio & after sales support are few strategies being adopted by the manufacturers to gain competitive edge over other industry rivals.
 

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