North America Industrial Boiler Market - By Product (Fire Tube, Water Tube), By Capacity, By Application (Food Processing, Pulp & Paper, Chemical, Refinery, Primary Metal), By Technology (Condensing, Non-Condensing), By Fuel (Natural Gas, Oil, Coal) & Forecast, 2024 – 2032

North America Industrial Boiler Market - By Product (Fire Tube, Water Tube), By Capacity, By Application (Food Processing, Pulp & Paper, Chemical, Refinery, Primary Metal), By Technology (Condensing, Non-Condensing), By Fuel (Natural Gas, Oil, Coal) & Forecast, 2024 – 2032

North America Industrial Boiler Market Size

North America Industrial Boiler Market size surpassed USD 1.9 billion and is expected to depict 4.4% CAGR from 2024 to 2032.

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The industry growth will be positively influenced by the increasing adoption of advanced heating systems and favorable government policies aimed at reducing carbon emissions. The market will witness an appreciable expansion owing to robust development of industrial facilities and extensive investments by the public and private players in the sector. Additionally, there is a growing demand for the replacement of old boilers that have reached their average operating life, creating a favorable business opportunity. The global market for industrial boiler is likely to cross USD 15.5 billion by 2032.

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COVID– 19 Impact

The COVID- 19 pandemic affected market through lockdown measures, supply chain disruptions, and reduced industrial activities resulted in a decline in the demand of these units. Many projects were delayed or canceled, affecting new installations and replacements. The economic downturn and financial constraints faced by businesses further hindered boiler market growth. However, as industries gradually resumed operations and economic recovery efforts were implemented, the market started showing signs of recovery, with a gradual rebound in industrial boiler market demand in North America.

North America Industrial Boiler Market Analysis

The water tube industrial boiler industry is projected to witness a growth rate of 4.6% by 2032 primarily driven by ongoing investments in expansion of manufacturing facilities and  increasing industrialization. Moreover, the growing preference for efficient units delivering safe operations, high efficiency, and low maintenance will contribute to the wider adoption of these products. Supportive government reforms aimed at promoting the installation of energy efficient boiler along with ongoing replacement of existing systems. The fire tube industrial boiler segment is poised to surpass USD 4.6 billion globally by 2032. 

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The gas fired boiler segment is set to experience growth fueled by the development of gas supply infrastructure and shifting focus toward clean technologies. Moreover, the current competitive prices of natural gas coupled with a rising preference for sustainable solutions will drive the product deployment. Additionally, stringent government policies and mandates regarding the implementation of low-emission fuel systems will support the industrial boiler market growth in North America.

The 50 - 75 MMBtu/hr capacity boilers market crossed a valuation of USD 200 million in 2022. The growing need for water heating in various sectors such as the food & beverage, pulp & paper, and other related industrial industries is expected to drive the adoption of these products. Furthermore, the widespread utilization of these units for generating steam and facilitating process heating in small and medium-scale industries will contribute to the upward trajectory of the market.

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Food processing application captured 10% share of the North America industrial boiler market in 2022. The shift in dietary preferences towards high value-added foods like meats and chocolates, coupled with evolving consumer lifestyles, has created favorable conditions for the adoption of these units. Furthermore, the increased demand for packaged food as a result of the COVID- 19 pandemic will augment the business landscape. Moreover, the rising demand for reliable and cost-effective heating systems in industrial facilities will further contribute to the positive business outlook.

The condensing boiler industry is poised for enhanced growth due to the growing emphasis on reducing carbon emissions and adherence to government regulations regarding energy conservation. Furthermore, the implementation of national benchmarks for monitoring boiler emissions will stimulate the substitution of conventional boiler units. The growing popularity of processed food along with robust investments toward the development of chemical plants will fuel the North America industrial  boiler market demand.

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The U.S. industrial boiler market is estimated to amass USD 2 billion by 2032 attributed to the optimistic outlook for the chemical, refining, and petrochemical sectors, supported by favorable policies aimed at reducing carbon footprints. The primary metal manufacturing sector, particularly in Arkansas, is witnessing a growing prominence that will strengthen the overall market growth. Increasing demand for space heating, low winter temperatures, and the upgrading of existing industrial facilities will further support the industry expansion.

North America Industrial Boiler Market Share

The major players operating in the competitive landscape includes

• General Electric
• Babcock and Wilcox Enterprises
• The Fulton Companies
• Hurst Boiler and Welding Co.
• Cleaver-Brooks
• IHI Corporation
• Clayton Industries
• John Cockerill
• John Wood Group PLC
• Doosan Heavy Industries & Construction.
• MITSUBISHI HEAVY INDUSTRIES
• Miura America Co.
• VIESSMANN
• Sofinter
• Rentech Boilers
• Thermax Limited
• Groupe Atlantic
• Victory Energy Operations

North America Industrial Boiler Industry News

• In November 2022, Babcock & Wilcox delivered two package boilers to American petroleum refinery accompanied by auxiliary equipment and cutting-edge emission control technologies. These package boilers and emission control solutions offer customers a range of flexible options and features to effectively address the specific demands and challenges associated with the petroleum refining industry.
   
• In February 2020, Cleaver-Brooks introduced a connected boiler solution called Prometha, which harnesses the power of the Internet of Things (IoT). This cutting-edge solution enables remote control of boiler systems from any location and provides improved reliability, sustainability, and safety. Utilizing advanced technology, Prometha collects data on the health of the boiler system and transmits it to authorized users via mobile phones and laptops. This real-time data empowers customers to make accurate decisions regarding boiler operation and maintenance.

This North America industrial boiler market research report 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 Product

• Fire-Tube
• Water-Tube

Market, By Capacity

• < 10 MMBtu/hr
• 10 - 25 MMBtu/hr
• 25 - 50 MMBtu/hr
• 50 - 75 MMBtu/hr
• 75 - 100 MMBtu/hr
• 100 - 175 MMBtu/hr
• 175 - 250 MMBtu/hr
• > 250 MMBtu/hr

Market, By Application

• Food processing
• Pulp & paper
• Chemical
• Refinery
• Primary metal
• Others

Market, By Technology

• Condensing
• Non-condensing

Market, By Fuel

• Natural gas
• Oil
• Coal
• Others

The above information has been provided for the following countries

• U.S.
• Canada
• Mexico

Authors Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ)

How big is the North America industrial boiler market?

The market size of industrial boiler in North America exceeded USD 1.9 billion in 2022 and is poised to depict 4.4% CAGR during 2024 to 2032, owing to the increasing adoption of advanced heating systems and favorable government policies aimed at reducing carbon emissions.

Why is the demand for water tube industrial boilers growing?

The water tube industrial boiler product segment is set to witness 4.6% growth till 2032, driven by ongoing investments in expansion of manufacturing facilities and rapid industrialization.

What is the size of U.S. industrial boiler market?

The U.S. industrial boiler industry estimated to amass USD 2 billion in revenue by 2032 owing to the steady growth of the multiple end-user industries such as chemical, refining, and petrochemical.

Who are the major players operating in the North America industrial boiler business landscape?

General Electric, Babcock and Wilcox Enterprises, The Fulton Companies, Cleaver-Brooks, IHI Corporation, John Cockerill, John Wood Group PLC, Doosan Heavy Industries & Construction., MITSUBISHI HEAVY INDUSTRIES, Miura America Co., VIESSMANN, Thermax Limited, Groupe Atlantic and Victory Energy Operations are some of the top enterprises in the industry.