U.S. Industrial Boiler Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The U.S. Industrial Boiler Market Size will exhibit a 4.4% CAGR during 2024-2032, driven by the growing adoption of energy-efficient and sustainable boiler solutions. According to the World Economic Forum, in 2023, the clean energy sector experienced a significant boom, with renewable energy capacity worldwide increasing by 50% compared to the previous year. Innovations in boiler technology, such as advanced combustion systems, high-efficiency heat exchangers, and smart controls, are enhancing the performance and environmental footprint of industrial boilers. These advancements help businesses lower fuel consumption, cut greenhouse gas emissions, and achieve compliance with stringent environmental regulations. Additionally, the integration of renewable energy sources and waste heat recovery systems further supports sustainability goals, making energy-efficient and eco-friendly boiler solutions highly attractive to a broad range of industrial sectors.

As industries face mounting pressure to enhance operational efficiency and meet stringent environmental regulations, many are turning to modernization projects to improve the performance and sustainability of their aging boiler infrastructure. Upgrading existing systems often involves incorporating advanced technologies such as improved combustion control, enhanced heat recovery systems, and state-of-the-art emission control mechanisms. These investments not only extend the lifespan of older boilers but also enable industries to achieve better energy efficiency, reduce operational costs, and comply with evolving environmental standards.

The U.S. Industrial Boiler Industry is classified based on fuel, capacity, technology, application, and region.

The primary metal segment will grow rapidly through 2032, as it requires high-capacity and highly efficient boilers to meet its stringent operational demands. Industrial boilers in this sector are integral to processes such as metal smelting, refining, and alloying, where precise temperature control and energy efficiency are critical. As the U.S. continues to focus on revitalizing its manufacturing base, the need for robust and efficient industrial boilers in the primary metal sector is expected to surge, contributing to the overall growth of the market.

The non-condensing boilers segment will witness decent growth through 2032, owing to their simplicity, reliability, and cost-effectiveness, remaining a preferred choice for many industrial applications. These boilers operate by using the heat generated from fuel combustion to heat water or produce steam without condensing the water vapor produced in the process. As a result, they offer a more straightforward design with lower upfront costs, making them attractive to industries looking to balance operational efficiency with budget constraints.

The coal segment will witness decent growth through 2032, as coal-fired boilers, traditionally known for their high efficiency and ability to generate large amounts of heat, continue to be utilized in various industries, particularly in regions with abundant coal resources. The ongoing use of coal as a primary fuel source in industrial boilers is driven by its cost-effectiveness and availability, especially in energy-intensive sectors such as power generation, chemicals, and manufacturing. Primary metal production relies heavily on efficient and high-capacity boilers to ensure consistent and reliable energy supply.

Product Code: 832

Report Content Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Market estimates and forecast parameters
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls and challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL Analysis

Chapter 4 Competitive Landscape, 2024

4.1 Strategic outlook
4.2 Innovation and sustainability landscape

Chapter 5 Market Size and Forecast, By Fuel (USD Million, MMBTU/hr and Units)

5.1 Key trends
5.2 Natural gas
5.3 Oil
5.4 Coal
5.5 Others

Chapter 6 Market Size and Forecast, By Capacity (USD Million, MMBTU/hr and Units)

6.1 Key trends
6.2 0.3 - 2.5 MMBtu/hr
6.3 2.5 - 10 MMBtu/hr
6.4 10 - 50 MMBtu/hr
6.5 50 - 100 MMBtu/hr
6.6 100 - 250 MMBtu/hr
6.7 > 250 MMBtu/hr

Chapter 7 Market Size and Forecast, By Technology (USD Million, MMBTU/hr and Units)

7.1 Key trends
7.2 Condensing
7.3 Non-condensing

Chapter 8 Market Size and Forecast, By Product (USD Million, MMBTU/hr and Units)

8.1 Key trends
8.2 Hot water
8.3 Steam

Chapter 9 Market Size and Forecast, By Application (USD Million, MMBTU/hr and Units)

9.1 Key trends
9.2 Food processing
9.3 Pulp and paper
9.4 Chemical
9.5 Refining
9.6 Primary metal
9.7 Others

Chapter 10 Market Size and Forecast, By Region (USD Million, MMBTU/hr and Units)

10.1 Key trends
10.2 East North Central
- 10.2.1 Illinois
- 10.2.2 Indiana
- 10.2.3 Michigan
- 10.2.4 Ohio
- 10.2.5 Wisconsin
10.3 West South Central
- 10.3.1 Arkansas
- 10.3.2 Louisiana
- 10.3.3 Oklahoma
- 10.3.4 Texas
10.4 South Atlantic
- 10.4.1 Delaware
- 10.4.2 Florida
- 10.4.3 Georgia
- 10.4.4 Maryland
- 10.4.5 North Carolina
- 10.4.6 South Carolina
- 10.4.7 Virginia
- 10.4.8 West Virginia
- 10.4.9 Washington D.C.
10.5 North East
- 10.5.1 Connecticut
- 10.5.2 Maine
- 10.5.3 Massachusetts
- 10.5.4 New Hampshire
- 10.5.5 Rhode Island
- 10.5.6 Vermont
- 10.5.7 New Jersey
- 10.5.8 New York
- 10.5.9 Pennsylvania
10.6 East South Central
- 10.6.1 Kentucky
- 10.6.2 Alabama
- 10.6.3 Mississippi
- 10.6.4 Tennessee
10.7 West North Central
- 10.7.1 Kansas
- 10.7.2 Iowa
- 10.7.3 Missouri
- 10.7.4 Minnesota
- 10.7.5 North Dakota
- 10.7.6 Nebraska
- 10.7.7 South Dakota
10.8 Pacific States
- 10.8.1 California
- 10.8.2 Alaska
- 10.8.3 Oregon
- 10.8.4 Hawaii
- 10.8.5 Washington
10.9 Mountain States
- 10.9.1 Colorado
- 10.9.2 Arizona
- 10.9.3 Nevada
- 10.9.4 Utah
- 10.9.5 Idaho
- 10.9.6 New Mexico
- 10.9.7 Montana
- 10.9.8 Wyoming

Chapter 11 Company Profiles

11.1 Acme Engineering Product
11.2 Babcock and Wilcox Enterprises
11.3 Babcock Wanson
11.4 Bosch Industriekessel
11.5 Clayton Industries
11.6 Cleaver-Brooks
11.7 Columbia Boiler Company
11.8 Hurst Boiler and Welding Co.
11.9 Miura America Co.
11.10 Powermaster
11.11 Rentech Boilers
11.12 Sioux Corporation
11.13 Superior Boiler Works
11.14 The Fulton Companies
11.15 Unilux Advanced Manufacturing
11.16 Vapor Power International
11.17 Victory Energy Operations
11.18 York-Shipley