U.S. Boiler Market size to exceed $4.5bn by 2025

U.S. Boiler Market size is expected to surpass USD 4.5 Billion by 2025, as reported in the latest study by Global Market Insights, Inc.
 

The demand for boilers is witnessing significant growth on account of increasing investments toward the retrofitting and replacement activities to reduce carbon footprint across key economic sectors. For instance, Environmental Protection Agency has formulated National Emission Standards for hazardous air pollutants with an objective to lessen the emission from commercial and industrial facilities. These standards are associated with multiple fuels utilized to harness heat and electricity from coal, natural gas, and oil. Majority of the ageing boilers do not comply with the new standards, which has provided significant opportunities for the industry participants.

 

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Energy efficiency mandates to proliferate boiler adoption across commercial sector

Growing focus to reduce the impact of carbon emission on environment has reinforced the demand for energy efficient commercial boilers. Over the past few years, investors and builders are focusing toward the development of zero emission buildings for offices, educational institutes, and healthcare facilities. The government has further launched mandates that restrict the utilization of inefficient and high-energy consuming products. For instance, the U.S. government has launched National Action Plan for energy efficiency which is primarily a public-private initiative toward achieving energy optimization across multiple industries & sectors. In the coming years, it has been expected that introduction of additional polices & regulations to reduce emission levels will further accelerate the demand for low emission boilers for multiple commercial applications.
 

Browse key industry insights spread across 1340 pages with 2876 market data tables & 51 figures & charts from the report, “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 (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, 2019 – 2025in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/us-boiler-market
 

Growing expansion of refineries to drive 100 – 250 MMBtu/hr boiler industry growth

The 100-250 MMBtu/hr boiler is witnessing a robust demand on account of ongoing extension and enhancement of refineries. For instance, in January 2019, Exxon Mobil announced expansion of refineries in Beaumont, Texas, US, which include construction and installation of new pipes, and boilers. In addition, steady growth in the demand for refined petroleum products has created a positive outlook toward expansion of refining capacity which will further boost the production installation over the forecast timeframe.
 

Ongoing industrialization to augment steam boiler deployment

The steam boilers are primarily deployed across food processing, textile industry, pulp & paper, and metal smelting industries for cleaning, heating, cooling, and humidification purposes. Positive outlook toward key industries has created significant demand for these products across the region. Furthermore, manufacturers are heavily investing toward upgradation of the heating technologies including boilers with an aim to improve operational performance, which will propel the U.S. boiler market growth over the forecast timeline.
 

The major industry participants in the U.S. boiler market include: Cleaver-Brooks, Fulton, Clayton, Columbia Boiler, P. M. Lattner, Miura, Hurst Boiler, Victory Energy , Sioux, Parker, Vapor Power, Unilux Advanced Manufacturing, Calderas Powermaster, Superior Boiler Works, Bryan Steam, Williams & Davis, Acme, RBI Boilers, York-Shipley, and Easco. New product development along with strengthening after sales services are some of the key strategies being adopted by the manufacturers to gain competitive edge over the industry rivals.
 

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