According to the report by Expert Market Research (EMR), the United States industrial boiler market is projected to grow at a CAGR of 3% between 2024 and 2032 Aided by increasing demand for energy-efficient heating solutions, the expansion of industrial activities, and the rising need for clean and sustainable energy sources.
Industrial boilers are critical components in various sectors, including chemical, food and beverage, paper and pulp, and textiles, where they provide steam or hot water for process heating, power generation, and sanitation. The push for energy efficiency and reduced carbon emissions is a significant driver of the industrial boiler market. Companies are increasingly adopting advanced boiler technologies that offer higher efficiency, lower emissions, and reduced fuel consumption.
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The expansion of industrial activities, particularly in emerging economies, is another key factor driving the United States industrial boiler market growth. Rapid industrialisation, coupled with investments in infrastructure and manufacturing, is leading to an increased demand for industrial boilers.
Additionally, the shift towards renewable energy sources and the implementation of stringent environmental regulations are encouraging the adoption of biomass, waste-to-energy, and hybrid boilers. These boilers not only help in reducing the dependency on fossil fuels but also contribute to lowering greenhouse gas emissions.
As per the United States industrial boiler market analysis, the food and beverage segment holds a significant share of the market, attributed to the extensive use of boilers in food processing and production. However, the chemical sector segment is expected to witness substantial growth due to the increasing demand for chemicals and the expansion of chemical manufacturing facilities.
The biomass segment is expected to hold a substantial market share due to the strict CO2 emission regulations imposed by the US government. Biomass is considered a safer alternative as it emits fewer harmful gases into the atmosphere. As a result, there is a growing demand for biomass in various sectors. On the other hand, the oil and gas segment is projected to experience consistent growth throughout the forecast period. This can be attributed to the comparatively lower prices of oil and gas in comparison to other fuel options.
The Asia-Pacific region dominates the market, driven by the rapid industrialisation and growth of end-use industries in countries such as China, India, and Southeast Asian nations. The region’s market growth is further fuelled by the rising demand for energy-efficient heating solutions and the increasing investments in infrastructure development.
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North America and Europe are also key markets for industrial boilers, with a strong focus on technological advancements and the adoption of sustainable energy sources. The stringent environmental regulations in these regions are pushing industries to adopt cleaner and more efficient boiler technologies, consequently driving up the United States industrial boiler market share.
United States Industrial Boiler Market Segmentation
The market can be divided based on the fuel, boiler type, capacity, and application
Market Breakup by Fuel
- Biomass
- Oil and Gas
- Fossil
- Others
Market Breakup by Boiler Type
- Fire Tube
- Water Tube
- Others
Market Breakup by Capacity
- Small
- Medium
- High
Market Breakup by Application
- Food Processing
- Pulp and Paper
- Chemical
- Refining
- Metal and Mining
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States industrial boiler market. Some of the major players explored in the report by Expert Market Research are as follows:
- Fulton Boiler Works, Inc.
- Babcock & Wilcox Enterprises Inc.
- Hurst Boiler & Welding Company, Inc.
- Miura America Co., Ltd.
- Mitsubishi Heavy Industries, Ltd.
- Clayton Industries
- Others
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