U.S. Industrial Boiler Market Size By Fuel (Natural Gas, Oil, Coal), By Capacity (0.3-2.5 MMBtu/hr, 2.5-10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, >250 MMBtu/hr), By Technology (Condensing, Non-Condensing), By Application (Food, Paper, Chemicals, Refining, Metals), Industry Analysis Report, State Outlook (Illinois, Indiana, Michigan, Ohio, Wisconsin, Alabama, Kentucky, Mississippi, Tennessee, Arkansas, Louisiana, Oklahoma, Texas, Delaware, Florida, Maryland, North Carolina, South Carolina, Virginia, West Virginia, Connecticut, Georgia, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New Jersey, New York, Pennsylvania, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Alaska, California, Hawaii, Oregon, Washington, Arizona, Colorado, Utah, Nevada, New Mexico, Idaho, Montana, Wyoming), Growth Potential, Price Trends, Competitive Market Share & Forecast 2017 - 2024
U.S. Industrial Boiler Market is predicted to reach over USD 600 million by 2024.Positive outlook toward chemical industries coupled with growing investment across food and beverage industries will drive the industry growth. Upgradation and expansion of refinery facilities to suffice the petroleum product demand will further complement the industry outlook. According to EIA, in the U.S., total operating oil distillation capacity increased by 18.1 million barrels per day in 2016.
California industrial boiler market share is predicted to expand over 20,500 MMBtu/hr. by 2024 owing to presence of large number of manufacturing industries including metals & equipment, food & beverages and chemical. In 2015, total manufacturing output was accounted for more than 11% of the total GDP of the California.
Growing demand for replacement of existing heating system with energy efficient system owing to involvement of high fuel cost and increasing spending toward maintenance will positively influence the industrial boiler market Growing focus toward adoption of gas fired system will further complement the business outlook. In 2016, consumption of natural gas reached over 7,722.25 bcf when compared with 2015.
Condensing industrial boiler Market is set to witness substantial growth owing to its ability to recover latent heat of vaporization. Favourable government measures toward energy efficient technologies along with improved efficiency are some of the benefits which will further complement the industry growth.
High concentration of primary metal manufacturing coupled with positive outlook toward pulp and paper manufacturing will foster the North East industrial boiler market New Jersey, Pennsylvania and New York are accounted for over 60% of North East manufacturing plants. Introduction of several initiatives to curb carbon emissions will positively impact the installation of energy efficient boilers. Under section 112, the U.S. EPA introduced National Emission Standard for Hazardous Air Pollutants with an objective to reduce CO2 from energy intensive industries.
100-250 MMBtu/hr industrial boiler Market is predicted to witness significant growth due to growing demand for refined petroleum product. It finds wide application across refineries owing to its ability to convert crude oil into feedstock, lubricants and vehicle fuel for various industries.
South Atlantic Industrial boiler market is predicted to witness expansion of over 3% due to positive outlook toward food processing, advanced manufacturing and metal manufacturing. Upsurge in economic growth owing to supportive business environment is the main factor propelling the investment toward manufacturing facilities.
Major participants across Industrial boiler market include Sioux, Columbia Boiler Company, Miura, Calderas, Superior, Vapor Power, Williams & Davis, Acme, Unilux, Fulton, Cleaver-Brooks, Hurst, Le Groupe Simoneau, Easco, Bryan Steam, Clayton, Parker and York-Shipley.
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