U.S. Industrial Boiler Market Size By Fuel (Natural Gas, Oil, Coal), By Capacity, By Technology (Condensing, Non-Condensing), By Application (Food Processing, Pulp & Paper, Chemical, Refining, Primary Metal) & Forecast, 2024 – 2032

U.S. Industrial Boiler Market Size By Fuel (Natural Gas, Oil, Coal), By Capacity, By Technology (Condensing, Non-Condensing), By Application (Food Processing, Pulp & Paper, Chemical, Refining, Primary Metal) & Forecast, 2024 – 2032

U.S. Industrial Boiler Market Size

U.S. Industrial Boiler Market size surpassed USD 1.5 billion in 2023 and is projected to witness 4.4% CAGR from 2024 to 2032. Improved safety along with low emission content will further favor the product penetration.

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The industrial boiler market is likely to witness 4.8% CAGR during the forecast timeframe owing to increasing industrialization and extensive investments toward the development of manufacturing facilities. Involvement of private companies and federal government toward the expansion of existing industries will favor the business scenario. Furthermore, the introduction of emission reduction regulations aimed at limiting Greenhouse Gas (GHG) emissions has led to a rising trend of replacing traditional steam generating units with energy-efficient boilers.

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COVID– 19 Impact

The COVID- 19 has impacted the industry at a certain margin. The boiler units are expected to witness an elevated demand owing to robust heating demand across the several states. Slow economic rebounds and limited manufacturing across various industries, and potentially less demand for water heating technologies have challenged the demand for these boiler systems.

U.S. Industrial Boiler Market Analysis  

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The gas fired boiler industry will witness growth rate of 5.2% by 2032. Competitive natural gas prices coupled with growing inclination towards adopting sustainable technologies will positively sway the industry potential. Stringent government regulations regarding the adoption of low-emission fuels coupled with abundant availability of gas supply networks across the nation will further institute a favorable outlook for U.S. industrial boiler market.  

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The 10 - 50 MMBtu/hr industrial boiler market captured share of over 25% in 2022. Increasing applicability of these systems across food & beverage and pulp & paper industry will positively impact the industry landscape. The product offers key advantages including low initial investment & maintenance cost and ease-of-installation, which in turn will drive the business growth.

The increasing emphasis on reducing carbon footprints and conserving energy is playing a positive role in the adoption of condensing boilers. The Environmental Protection Agency (EPA) has implemented the National Emission Standards for Hazardous Air Pollutants (NESHAP) to regulate emissions from boilers resulting into replacement of existing boiler units with condensing systems. The penetration of these heating units is determined by evaluating key parameters comprising of lower heating costs, energy efficiency, and operational safety.

The refinery application was valued at over USD 100 million in 2022. These systems are deployed across this application area for the distillation and captive power generation purpose. In addition, increasing demand for chemicals across wide tandem of application areas along with ongoing retrofitting and modernization of existing refineries will energize the U.S. industrial boiler market dynamics.

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The West South Central industrial boiler market is set to surpass USD 400 million by 2032 due to the positive outlook towards the chemical, refining, and petrochemical sectors. The region will witness increased demand for these systems owing to surging investments in refurbishment of refineries and robust growth of the primary metal manufacturing sector. Moreover, ongoing investment in the chemical industry and the rising disposable income will complement the industry growth.

U.S. Industrial Boiler Market Share

The key companies operating in the United States industrial boiler industry include

• Babcock & Wilcox Enterprises
• The Fulton Companies
• Hurst Boiler & Welding Co
• Cleaver-Brooks
• Clayton Industries
• Rentech Boilers
• Victory Energy Operations
• Miura America Co.
• Superior Boiler Works
• Simoneau
• Vapor Power International
• Columbia Boiler Company
• Powermaster
• York-Shipley
• Bosch Industriekessel
• Sioux Corporation
• Acme Engineering Products
• Unilux Advanced Manufacturing

U.S. Industrial Boiler Industry News

• In November 2022, Babcock & Wilcox delivered two package boilers, auxiliary equipment, and advanced emission control technologies for an American petroleum refinery. These package boilers and emission control solutions provide customers with flexible options and features to meet the unique demands and challenges of the petroleum refining business.
   
• In July 2020, Bosch Industriekessel launched a new Variant Refrigerant Flow (VRF) series, the Air Flux series, which offers energy efficiency and reliability to end users. The product is available in various sizes and applies to the commercial establishments of small & medium establishments including hotels and buildings. The new product launch aided the company in expanding its product offerings, which, in turn, increased the customer base of the firm.

This market research report on U.S. industrial boiler includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD” from 2019 to 2032, 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

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

Frequently Asked Questions (FAQ)

How big is the industrial boiler market in the U.S.?

The market size of U.S. industrial boiler reached USD 1.5 billion in 2023 and will depict 4.4% CAGR during 2024 to 2032, attributed to the rapid industrialization and extensive investments toward the development of manufacturing facilities.

Why are industrial boilers used for refinery applications?

The refinery application segment crossed valuation of USD 100 million in 2022 and is poised to gain significant momentum till 2032 owing to the ongoing retrofitting and modernization of existing refineries.

Which are the leading firms engaged in the business landscape?

U.S. industrial boiler industry consists of Babcock & Wilcox Enterprises, The Fulton Companies, Hurst Boiler & Welding Co, Cleaver-Brooks, Clayton Industries, Rentech Boilers, Victory Energy Operations, Miura America Co., Superior Boiler Works, Simoneau, Vapor Power International, Columbia Boiler Company, Powermaster, York-Shipley, Bosch Industriekessel, Sioux Corporation, Acme Engineering Products, and Unilux Advanced Manufacturing.

What is the worth of West South Central industrial boiler industry?

The West South Central industrial boiler sector is estimated to amass USD 400 million by 2032 driven by the positive outlook towards the chemical, refining, and petrochemical sectors.