U.S. HVAC Boilers Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)

The U.S. HVAC boilers market is experiencing steady growth, with revenues projected to reach $1,203.2 million in 2024 and anticipated to expand at a compound annual growth rate (CAGR) of 3.0% from 2025 to 2032, ultimately reaching $1,519.2 million by 2032. This growth is driven by the cold climate prevalent in many parts of the country, increasing population, rapid urbanization, a burgeoning construction industry, and rising disposable incomes.

Key Insights

The residential sector is the largest application category for HVAC boilers in the U.S. Homeowners seek efficient heating solutions to maintain comfort during cold seasons, leading to a higher adoption of advanced boiler systems.

The Northeast region holds the largest market share, attributed to its colder climate and established infrastructure. The West region is the fastest-growing market, driven by increasing construction activities and a growing emphasis on energy-efficient building solutions.

The U.S. HVAC boilers market is fragmented, with numerous players catering to the diverse needs of residential, commercial, and industrial sectors. This variety leads to a wide range of boiler sizes and technologies, providing opportunities for both established and emerging companies.

The development of energy-efficient, smart, and eco-friendly boilers is a significant trend. Consumers are increasingly adopting smart boilers that can be controlled remotely, offering improved user experience and energy savings. This shift is driven by rising energy costs and a growing awareness of environmental impacts.

Major companies operating in the U.S. HVAC boilers market include Fujitsu, Babcock Wanson Group, Rheem Manufacturing, Daikin Industries Ltd., A.O. Smith Corporation, Robert Bosch GmbH, Bradford White Corporation, Superior Boiler Works, Inc., Fulton Boiler Company, Viessmann Group, Burnham Holdings Inc., and American Standard. These firms are focusing on product innovation, strategic partnerships, and expanding their market presence to strengthen their positions.