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U.S. Boiler Market

Publisher Global Market Insights
Published Nov 08, 2024
Length 520 Pages
SKU # GMI19407303

Description

U.S. Boiler Market


The U.S. Boiler Market was valued at USD 4.1 billion in 2023 and is anticipated to grow at a CAGR of over 5.3% between 2024 and 2032, driven by an enhanced focus on fuel efficiency and emission reduction. According to the US Environmental Protection Agency, from 2020 to 2022, emissions saw a rise of 5.7%. As environmental regulations become more stringent and the demand for sustainable energy solutions increases, there is a strong emphasis on improving the efficiency of boiler systems. Advanced combustion technologies, energy recovery systems, and emission control measures are being integrated into boiler designs to meet regulatory standards and reduce GHG emissions.

There is a marked increase in investment towards technological innovation, leading to enhanced boiler performance, efficiency, and compliance with stringent environmental regulations. Companies are allocating significant resources to develop and implement advanced boiler technologies, including automation, real-time monitoring, and integration with smart grid systems. Additionally, infrastructure development products are supporting the deployment of modernized boiler systems across various sectors, further fueling market growth.

The U.S. boiler industry is classified based on fuel, capacity, technology, product, application, and region.

The coal segment will grow rapidly through 2032, owing to its reliability and cost-effectiveness. Despite the rise of alternative energy sources, coal remains a dominant force due to its abundant availability and established infrastructure. It delivers high thermal efficiency and operational reliability. Coal-based boilers are particularly crucial for industries requiring large-scale heat generation and for regions where coal remains a primary energy source. The resurgence in interest in coal-fired boilers is reflective of the broader trend of optimizing existing energy resources to meet growing energy demands.

The steam boilers segment will witness robust growth through 2032, due to their efficiency and effectiveness in heat generation. These boilers are widely used across manufacturing, pharmaceuticals, and food processing sectors, where high-pressure steam is essential for production processes. The advancement in steam boiler technology has led to enhanced performance, including improved fuel efficiency, reduced emissions, and greater operational flexibility. The focus towards modern steam boilers that incorporate advanced features such as automation, real-time monitoring, and integrated safety systems is pushing segment growth.

West USA boiler industry will witness decent growth through 2032, driven by the region's diverse industrial base, which includes sectors such as technology, agriculture, and manufacturing. The Western states' commitment to reducing GHG emissions and adopting cleaner energy solutions is fostering advancements in boiler technology. The implementation of stringent environmental regulations is pushing industries to upgrade their boiler systems to meet new standards, thereby creating opportunities for market expansion.

Table of Contents

520 Pages
Chapter 1 Research Methodology
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Market estimates & forecast parameters
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Industry Insights
2.1 Industry ecosystem analysis
2.2 Regulatory landscape
2.2.1 U.S.
2.2.1.1 Energy Independence and Security Act (EISA),2007
2.2.1.2 Energy Conservation Standards and Test Procedures for Commercial Heating Equipment
2.2.1.2.1 10 CFR 430.2
2.2.1.2.2 ANSI/ASHRAE 103–1993
2.2.1.2.3 46 CFR 63.5-3
2.2.1.3 National Emission Standards for Hazardous Air Pollutants (NESHAP)
2.2.1.4 Department of Energy
2.2.1.4.1 10 CFR Part 431
2.2.1.5 Electrification potential of U.S. industrial boilers and assessment of the GHG emissions impact
2.2.1.6 Energy Conservation Program: Energy Conservation Standards for Commercial Packaged Boiler
2.2.1.7 Code of Federal Regulations
2.2.1.8 Clean Air Act, 1970
2.2.1.9 New Source Performance Standards (NSPS)
2.2.1.10 Pennsylvania
2.2.1.11 Georgia
2.2.1.12 Illinois
2.2.1.13 California
2.2.1.14 Alaska
2.2.1.15 Arizona
2.2.1.16 Arkansas
2.2.1.17 Colorado
2.2.1.18 Florida
2.2.1.19 Illinois
2.3 Industry impact forces
2.3.1 Growth drivers
2.3.1.1 Industrial
2.3.1.1.1 Surging upgradation & replacement of existing boilers
2.3.1.1.2 Positive outlook toward chemical & food processing industries
2.3.1.1.3 Growing demand for energy efficient boilers
2.3.1.2 Commercial
2.3.1.2.1 Positive outlook toward healthcare sector
2.3.1.2.2 Rising demand for space heating in commercial buildings
2.3.1.2.3 Implementation of stringent government regulations
2.3.2 Industry pitfalls & challenges
2.3.2.1 High initial cost
2.4 Growth potential analysis
2.5 Porter's Analysis
2.5.1 Bargaining power of suppliers
2.5.2 Bargaining power of buyers
2.5.3 Threat of new entrants
2.5.4 Threat of substitutes
2.6 PESTEL Analysis
Chapter 3 Competitive Landscape, 2024
3.1 Introduction
3.2 Strategy dashboard
3.2.1 Babcock and Wilcox Enterprises, Inc.
3.2.1.1 Agreement
3.2.1.2 Installation/supply
3.2.1.3 Partnership
3.2.1.4 Installation/supply
3.2.2 Bradford White Corporation, USA
3.2.2.1 Acquisition
3.2.3 Burnham Commercial Boilers
3.2.3.1 Investment
3.2.4 Lennox International Inc
3.2.4.1 Acquisition
3.2.5 Miura America Co., LTD.
3.2.5.1 Acquisition
3.2.5.2 Agreement
3.2.6 PARKER BOILER
3.2.6.1 Installation/supply
3.2.7 Superior Boiler
3.2.7.1 Partnership
3.2.7.2 Business expansion
3.2.7.3 Memorandum of understanding
3.2.7.4 Partnership
3.2.8 Victory Energy Operations, LLC
3.2.8.1 Business expansion
3.2.8.2 Product launch
3.2.9 WM Technologies LLC
3.2.9.1 Product expansion
3.2.9.2 Product launch
3.3 Innovation & sustainability landscape
3.3.1 AERCO
3.3.2 Bradford White Corporation, USA
3.3.3 Burnham Commercial Boilers
3.3.4 Cleaver-Brooks
3.3.5 Hurst Boiler & Welding Co, Inc
3.3.6 Miura America Co., Ltd.
3.3.7 PB Heat, LLC
3.3.8 Fulton
3.3.9 Hurst Boiler & Welding Co, Inc
3.3.10 Miura America Co., LTD.
3.3.11 Robert Bosch GmbH
3.3.12 U.S. Boiler Company, LLC
3.3.13 Victory Energy Operations, LLC
3.3.14 VIESSMANN
3.3.15 WM Technologies LLC
3.3.16 Other innovation
Chapter 4 Market, By Fuel
4.1 Key trends
4.2 Natural gas
4.2.1 U.S. market from natural gas, 2019 - 2032
4.2.2 U.S. market from natural gas, by region, 2019 - 2032
4.3 Oil
4.3.1 U.S. market from oil, 2019 - 2032
4.3.2 U.S. market from oil, by region, 2019 - 2032
4.4 Coal
4.4.1 U.S. market from coal, 2019 - 2032
4.4.2 U.S. market from coal, by region, 2019 - 2032
4.5 Others
4.5.1 U.S. market from others, 2019 - 2032
4.5.2 U.S. market from others, by region, 2019 - 2032
Chapter 5 Market, By Capacity
5.1 Key trends
5.2 0.3 - 2.5 MMBtu/hr
5.2.1 U.S. market from 0.3 - 2.5 MMBtu/hr, 2019 - 2032
5.2.2 U.S. market from 0.3 - 2.5 MMBtu/hr, by region, 2019 - 2032
5.3 2.5 - 10 MMBtu/hr
5.3.1 U.S. market from 2.5 - 10 MMBtu/hr, 2019 - 2032
5.3.2 U.S. market from 2.5 - 10 MMBtu/hr, by region, 2019 - 2032
5.4 10 - 50 MMBtu/hr
5.4.1 U.S. market from 10 - 50 MMBtu/hr, 2019 - 2032
5.4.2 U.S. market from 10 - 50 MMBtu/hr, by region, 2019 - 2032
5.5 50 - 100 MMBtu/hr
5.5.1 U.S. market from 50 - 100 MMBtu/hr, 2019 - 2032
5.5.2 U.S. market from 50 - 100 MMBtu/hr, by region, 2019 - 2032
5.6 100 - 250 MMBtu/hr
5.6.1 U.S. market from 100 - 250 MMBtu/hr, 2019 - 2032
5.6.2 U.S. market from 100 - 250 MMBtu/hr, by region, 2019 - 2032
5.7 > 250 MMBtu/hr
5.7.1 U.S. market from > 250 MMBtu/hr, 2019 - 2032
5.7.2 U.S. market from > 250 MMBtu/hr, by region, 2019 - 2032
Chapter 6 Market, By Technology
6.1 Key trends
6.2 Condensing
6.2.1 U.S. market from condensing, 2019 - 2032
6.2.2 U.S. market from condensing, by region, 2019 - 2032
6.3 Non-condensing
6.3.1 U.S. market from non-condensing, 2019 - 2032
6.3.2 U.S. market from non-condensing, by region, 2019 - 2032
Chapter 7 Market, By Product
7.1 Key trends
7.2 Hot water
7.2.1 U.S. market from hot water, 2019 - 2032
7.2.2 U.S. market from hot water, by region, 2019 - 2032
7.3 Steam
7.3.1 U.S. market from steam, 2019 - 2032
7.3.2 U.S. market from steam, by region, 2019 - 2032
Chapter 8 Market, By Application
8.1 Key trends
8.2 Commercial
8.2.1 U.S. market from commercial, 2019 - 2032
8.2.2 U.S. market from commercial, by region, 2019 - 2032
8.2.3 Offices
8.2.3.1 U.S. market from offices, 2019 - 2032
8.2.3.2 U.S. market from offices, by region, 2019 - 2032
8.2.4 Healthcare facilities
8.2.4.1 U.S. market from healthcare facilities, 2019 - 2032
8.2.4.2 U.S. market from healthcare facilities, by region, 2019 - 2032
8.2.5 Educational institutions
8.2.5.1 U.S. market from educational institutions, 2019 - 2032
8.2.5.2 U.S. market from educational institutions, by region, 2019 - 2032
8.2.6 Lodgings
8.2.6.1 U.S. market from lodgings, 2019 - 2032
8.2.6.2 U.S. market from lodgings, by region, 2019 - 2032
8.2.7 Retail stores
8.2.7.1 U.S. market from retail stores, 2019 - 2032
8.2.7.2 U.S. market from retail stores, by region, 2019 - 2032
8.2.8 Others
8.2.8.1 U.S. market from others, 2019 - 2032
8.2.8.2 U.S. market from others, by region, 2019 - 2032
8.3 Industrial
8.3.1 U.S. market from industrial, 2019 - 2032
8.3.2 U.S. market from industrial, by region, 2019 - 2032
8.3.3 Food processing
8.3.3.1 U.S. market from food processing, 2019 - 2032
8.3.3.2 U.S. market from food processing, by region, 2019 - 2032
8.3.4 Pulp & paper
8.3.4.1 U.S. market from pulp & paper, 2019 - 2032
8.3.4.2 U.S. market from pulp & paper, by region, 2019 - 2032
8.3.5 Chemical
8.3.5.1 U.S. market from chemical, 2019 - 2032
8.3.5.2 U.S. market from chemical, by region, 2019 - 2032
8.3.6 Refining
8.3.6.1 U.S. market from refining, 2019 - 2032
8.3.6.2 U.S. market from refining, by region, 2019 - 2032
8.3.7 Primary metal
8.3.7.1 U.S. market from primary metal, 2019 - 2032
8.3.7.2 U.S. market from primary metal, by region, 2019 - 2032
8.3.8 Others
8.3.8.1 U.S. market from others, 2019 - 2032
8.3.8.2 U.S. market from others, by region, 2019 - 2032
Chapter 9 Market, By Region
9.1 Key trends
9.2 U.S
9.2.1 U.S. market, 2019 - 2032
9.2.2 U.S. market, by region, 2019 - 2032
9.2.3 U.S. market, by fuel, 2019 - 2032
9.2.4 U.S. market, by capacity, 2019 - 2032
9.2.5 U.S. market, by technology, 2019 - 2032
9.2.6 U.S. market, by product, 2019 - 2032
9.2.7 U.S. market, by application, 2019 - 2032
9.2.7.1 U.S. market, by commercial, 2019 - 2032
9.2.7.2 U.S. market, by industrial, 2019 - 2032
9.2.8 East North Central
9.2.9 West South Central
9.2.10 South Atlantic
9.2.11 North East
9.2.12 East South Central
9.2.13 West North Central
9.2.14 Pacific States
9.2.15 Mountain States
Chapter 10 Company Profiles
10.1 A. O. Smith
10.1.1 Global Overview
10.1.2 Market/Business Overview
10.1.3 Financial Data
10.1.4 Product Landscape
10.1.5 SWOT Analysis
10.2 AERCO
10.2.1 Global Overview
10.2.2 Market/Business Overview
10.2.3 Financial Data
10.2.4 Product Landscape
10.2.5 Strategic Outlook
10.2.6 SWOT Analysis
10.3 Ariston Holding N.V
10.3.1 Global Overview
10.3.2 Business Overview
10.3.3 Financial Data
10.3.4 Product Landscape
10.3.5 SWOT Analysis
10.4 Babcock & Wilcox Enterprises, Inc
10.4.1 Global Overview
10.4.2 Market/Business Overview
10.4.3 Financial Data
10.4.4 Product Landscape
10.4.5 Strategic Outlook
10.4.6 SWOT Analysis
10.5 Bradford White Corporation, USA
10.5.1 Global Overview
10.5.2 Market/Business Overview
10.5.3 Financial Data
10.5.4 Product Landscape
10.5.5 Strategic Outlook
10.5.6 SWOT Analysis
10.6 Burnham Commercial Boilers
10.6.1 Global Overview
10.6.2 Market/Business Overview
10.6.3 Financial Data
10.6.4 Product Landscape
10.6.5 Strategic Outlook
10.6.6 SWOT Analysis
10.7 Clayton Industries
10.7.1 Global Overview
10.7.2 Market/Business Overview
10.7.3 Financial Data
10.7.4 Product Landscape
10.7.5 SWOT Analysis
10.8 Cleaver-Brooks
10.8.1 Global Overview
10.8.2 Market/Business Overview
10.8.3 Financial Data
10.8.4 Product Landscape
10.8.5 Strategic Outlook
10.8.6 SWOT Analysis
10.9 Energy Kinetics
10.9.1 Global Overview
10.9.2 Market/Business Overview
10.9.3 Financial Data
10.9.4 Product Landscape
10.9.5 SWOT Analysis
10.10 Fulton
10.10.1 Global Overview
10.10.2 Market/Business Overview
10.10.3 Financial Data
10.10.4 Product Landscape
10.10.5 Strategic Outlook
10.10.6 SWOT Analysis
10.11 General Electric
10.11.1 Global Overview
10.11.2 Market/Business Overview
10.11.3 Financial Data
10.11.4 Product Landscape
10.11.5 SWOT Analysis
10.12 HTP
10.12.1 Global Overview
10.12.2 Market/Business Overview
10.12.3 Financial Data
10.12.4 Product Landscape
10.12.5 SWOT Analysis
10.13 Hurst Boiler & Welding Co, Inc.
10.13.1 Global Overview
10.13.2 Market/Business Overview
10.13.3 Financial Data
10.13.4 Product Landscape
10.13.5 Strategic Outlook
10.13.6 SWOT Analysis
10.14 IHI Corporation
10.14.1 Global Overview
10.14.2 Market/Business Overview
10.14.3 Financial Data
10.14.4 Product Landscape
10.14.5 SWOT Analysis
10.15 Lennox International Inc.
10.15.1 Global Overview
10.15.2 Market/Business Overview
10.15.3 Financial Data
10.15.4 Product Landscape
10.15.5 Strategic Outlook
10.15.6 SWOT Analysis
10.16 Miura America Co., LTD.
10.16.1 Global Overview
10.16.2 Market/Business Overview
10.16.3 Financial Data
10.16.4 Product Landscape
10.16.5 Strategic Outlook
10.16.6 SWOT Analysis
10.17 P.M. Lattner Manufacturing Co.
10.17.1 Global Overview
10.17.2 Market/Business Overview
10.17.3 Financial Data
10.17.4 Product Landscape
10.17.5 SWOT Analysis
10.18 Parker Boiler
10.18.1 Global Overview
10.18.2 Market/Business Overview
10.18.3 Financial Data
10.18.4 Product Landscape
10.18.5 Strategic Outlook
10.18.6 SWOT Analysis
10.19 PB Heat, LLC
10.19.1 Global Overview
10.19.2 Market/Business Overview
10.19.3 Financial Data
10.19.4 Product Landscape
10.19.5 Strategic Outlook
10.19.6 SWOT Analysis
10.20 Precision Boilers
10.20.1 Global Overview
10.20.2 Market/Business Overview
10.20.3 Financial Data
10.20.4 Product Landscape
10.20.5 SWOT Analysis
10.21 Rentech Boiler Systems, Inc.
10.21.1 Global Overview
10.21.2 Market/Business Overview
10.21.3 Financial Data
10.21.4 Product Landscape
10.21.5 SWOT Analysis
10.22 Robert Bosch GmbH
10.22.1 Global Overview
10.22.2 Market/Business Overview
10.22.3 Financial Data
10.22.4 Product Landscape
10.22.5 Strategic Outlook
10.22.6 SWOT Analysis
10.23 Superior Boiler
10.23.1 Global Overview
10.23.2 Market/Business Overview
10.23.3 Financial Data
10.23.4 Product Landscape
10.23.5 Strategic Outlook
10.23.6 SWOT Analysis
10.24 Thermal Solutions LLC
10.24.1 Global Overview
10.24.2 Market/Business Overview
10.24.3 Financial Data
10.24.4 Product Landscape
10.24.5 SWOT Analysis
10.25 U.S. Boiler Company, LLC
10.25.1 Global Overview
10.25.2 Market/Business Overview
10.25.3 Financial Data
10.25.4 Product Landscape
10.25.5 Strategic Outlook
10.25.6 SWOT Analysis
10.26 Vaillant Group
10.26.1 Global Overview
10.26.2 Market/Business Overview
10.26.3 Financial Data
10.26.4 Product Landscape
10.26.5 SWOT Analysis
10.27 Vapor Power International
10.27.1 Global Overview
10.27.2 Market/Business Overview
10.27.3 Financial Data
10.27.4 Product Landscape
10.27.5 SWOT Analysis
10.28 Victory Energy Operations, LLC
10.28.1 Global Overview
10.28.2 Market/Business Overview
10.28.3 Financial Data
10.28.4 Product Landscape
10.28.5 Strategic Outlook
10.28.6 SWOT Analysis
10.29 Viessmann
10.29.1 Global Overview
10.29.2 Market/Business Overview
10.29.3 Financial Data
10.29.4 Product Landscape
10.29.5 Strategic Outlook
10.29.6 SWOT Analysis
10.30 WM Technologies LLC
10.30.1 Global Overview
10.30.2 Market/Business Overview
10.30.3 Financial Data
10.30.4 Product Landscape
10.30.5 Strategic Outlook
10.30.6 SWOT Analysis
10.31 Research Practices

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