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North America Industrial Boiler Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034

Publisher Global Market Insights
Published Jul 31, 2025
Length 266 Pages
SKU # GMI20337019

Description

North America Industrial Boiler Market was valued at USD 2.1 billion in 2024 and is estimated to grow at a CAGR of 4.8% to reach USD 3.3 billion by 2034.

The market’s expansion is driven by rising demand for energy-efficient heating systems, stricter emission regulations, and the growing need for reliable steam generation across key industries such as food processing, chemicals, and power generation. Industrial boilers are an essential part of North America’s manufacturing and energy infrastructure, offering robust performance, scalability, and compliance with evolving environmental standards. The shift toward energy efficiency and reduced emissions is playing a crucial role in shaping the industrial boiler market. Governments and regulatory bodies in North America are tightening environmental norms, requiring industries to adopt advanced boiler technologies that minimize carbon output while maximizing operational efficiency. In addition, the integration of automation, digital monitoring, and predictive maintenance in industrial boilers has gained traction, enabling industries to reduce downtime and improve performance. This technological evolution, coupled with the rising replacement of aging boiler systems, is a major driver for sustained market growth.

By product type, fire-tube boilers dominated the market in 2024, generating USD 571.1 million. Their cost-effectiveness, simple design, and suitability for medium-pressure applications make them the preferred choice across industries such as food & beverage and chemicals. Fire-tube boilers are especially valued for their lower installation and maintenance costs, which make them attractive to small and mid-sized industrial facilities. Their widespread adoption across diverse industrial applications highlights their strong market presence in North America.

In terms of application, the food processing segment accounted for the largest share in 2024, generating USD 288.1 million. The sector’s reliance on boilers for consistent steam production in processes such as sterilization, pasteurization, and cleaning has made it the leading consumer of industrial boilers. Growing consumer demand for packaged and processed foods, alongside stricter hygiene regulations, continues to fuel the food industry’s dependency on reliable boiler systems. The adoption of energy-efficient boilers in this segment further underlines the industry’s focus on cost reduction and sustainability.

United States Industrial Boiler Market generated notable revenues in 2024, supported by its extensive manufacturing base and significant investments in modernizing industrial infrastructure. Canada also shows steady growth, particularly in the food processing and chemical sectors, where efficient steam generation is critical. Together, these countries provide a strong foundation for the industrial boiler market, with increasing emphasis on eco-friendly technologies and modernization of energy systems.

Key players in the North America Industrial Boiler Market include Cleaver-Brooks, Mitsubishi Hitachi Power Systems, Siemens, Babcock & Wilcox, GE, Fulton, Hurst Boiler, Johnston Boiler, Superior Boiler, and Forbes Marshall. Leading market participants are focused on enhancing their product portfolios through technological innovation, strategic partnerships, and compliance with emission standards. Companies are investing in advanced combustion systems, modular boiler designs, and digital integration to cater to industry-specific needs. These efforts are expected to further strengthen their market presence while supporting industries in achieving operational excellence and environmental compliance.

Table of Contents

266 Pages
Chapter 1 Methodology
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.1.3 Base estimates and calculations
1.1.4 Base year calculation
1.1.5 Market estimates & forecasts parameters
1.1.6 Key trends for market estimates
1.2 Market definitions
1.3 Forecast model
1.4 Primary research and validation
1.5 Some of the primary sources (but not limited to)
1.6 Data mining sources
1.6.1 Secondary
1.6.1.1 Paid sources
1.6.1.2 Public sources
Chapter 2 Executive Summary
2.1 Industry snapshot
2.2 Business trends
2.3 Product trends
2.4 Capacity trends
2.5 Application trends
2.6 Technology trends
2.7 Fuel trends
2.8 Country trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Profit margin analysis
3.2 Regulatory landscape
3.2.1 North America
3.2.1.1 UL 795 Ninth Edition: A New Bi-National Standard for Gas-Fired Boilers
3.2.1.2 U.S.
3.2.1.2.1 Washington State Dept. of Labor & Industries, 2024 rulemaking
3.2.1.2.2 Energy Independence and Security Act (EISA),2007
3.2.1.2.3 New EPA Emissions Regulations Impacting Boilers in 2025
3.2.1.2.4 National Emission Standards for Hazardous Air Pollutants (NESHAP)
3.2.1.2.5 Colorado Revised Statutes
3.2.1.2.5.1 Title 9 - SAFETY - INDUSTRIAL AND COMMERCIAL (§§ 9-1-101 — 9-10-101)
3.2.1.2.6 Clean Air Act, 1970
3.2.1.2.7 New Source Performance Standards (NSPS)
3.2.1.2.8 Pennsylvania
3.2.1.2.9 Georgia
3.2.1.2.10 Illinois
3.2.1.2.11 California
3.2.1.2.12 Alaska
3.2.1.2.13 Arizona
3.2.1.2.14 Arkansas
3.2.1.2.15 Colorado
3.2.1.2.16 Florida
3.2.1.3 Canada
3.2.1.3.1 Canada Occupational Health and Safety Regulations
3.2.1.3.2.1 Output-Based Pricing System Regulations: SOR/2019-266
3.2.1.3.3 Verification & Labelling
3.2.1.3.4 Test Standard
3.2.1.3.5 Energy Efficiency Regulations
3.2.1.3.5.1 Amendment 15 to the Energy Efficiency Regulations
3.2.1.3.5.2 Forward Regulatory Plan
3.2.1.3.6 ANSI/AHRI Standard 1500-2015 Standard for Performance Rating of Commercial Space Heating Boilers
3.2.1.3.7 Technical Standards and Safety Act, 2000 for Boilers and Pressure Vessels: Ontario Regulation 220/01
3.2.1.3.8 Combustion Regulations
3.2.1.3.9 Gas-Fired Boiler Assembly Certification for Canada
3.2.1.3.10 Multi-Sector Air Pollutants Regulations
3.2.1.3.11 National Emission Standards for Industrial Boilers, Stationary Engines
3.2.1.3.12 Technical Safety Act
3.2.1.3.13 Boilers & Process Heaters Emission Regulation Bylaw No. 1087, 2008
3.2.1.4 Mexico
3.2.1.4.1 Revision of NOM-020-STPS-2023:
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Surging upgradation & replacement of existing boilers
3.3.1.2 Positive outlook toward chemical & food processing industries
3.3.1.3 Implementation of stringent government regulations
3.3.2 Industry pitfalls and challenges
3.3.2.1 High initial investment
3.4 Growth potential analysis
3.5 Porter's analysis
3.6 PESTEL analysis
3.7 Price trend analysis
3.7.1 By capacity
3.7.2 By application
3.8 Cost structure analysis of industrial boiler
3.9 Emerging opportunities & trends
3.9.1 Digitalization & IoT integration
3.9.2 Emerging market penetration
3.10 Investment analysis & future outlook
Chapter 4 Competitive Landscape, 2025
4.1 Introduction
4.2 Company market share analysis, 2024
4.2.1 By region
4.2.1.1 U.S.
4.2.1.2 Canada
4.2.1.3 Mexico
4.2.2 By product
4.2.2.1 Fire-tube
4.2.2.2 Water-tube
4.2.3 By capacity
4.2.3.1 250 MMBtu/hr
4.3 Strategic dashboard
4.3.1 Babcock & Wilcox Enterprises
4.3.1.1 Installation/supply
4.3.1.2 Agreement
4.3.1.3 Partnership
4.3.1.4 Installation/supply
4.3.2 Hurst Boiler & Welding
4.3.2.1 Partnership
4.3.3 John Cockerill
4.3.3.1 Installation/supply
4.3.4 John Wood Group
4.3.4.1 Business expansion
4.3.5 Mitsubishi Heavy Industries
4.3.5.1 Grants
4.3.6 Miura America
4.3.6.1 Business expansion
4.3.6.2 Acquisition
4.3.7 Superior Boiler
4.3.7.1 Installation/supply
4.3.7.2 Divestment
4.3.7.3 Business expansion
4.3.7.4 Memorandum of understanding
4.3.7.5 Partnership
4.4 Strategic initiatives
4.5 Company benchmarking
4.6 Innovation & sustainability landscape
4.6.1 AERCO
4.6.2 Babcock Wanson
4.6.3 Bosch Industriekessel
4.6.4 Cleaver-Brooks
4.6.5 Hurst Boiler & Welding
4.6.6 Miura America
4.6.7 Superior Boiler
4.6.8 Fulton
Chapter 5 Market Size and Forecast, By Product, 2021 - 2034 (Units, MMBTU/hr & USD Million)
5.1 Key trends
5.2 Fire-tube
5.3 Water-tube
Chapter 6 Market Size and Forecast, By Capacity, 2021 - 2034 (Units, MMBTU/hr & USD Million)
6.1 Key trends
6.2 250 MMBTU/hr
Chapter 7 Market Size and Forecast, By Application, 2021 - 2034 (Units, MMBTU/hr & USD Million)
7.1 Key trends
7.2 Food processing
7.3 Pulp & paper
7.4 Chemical
7.5 Refinery
7.6 Primary metal
7.7 Others
Chapter 8 Market Size and Forecast, By Technology, 2021 - 2034 (Units, MMBTU/hr & USD Million)
8.1 Key trends
8.2 Condensing
8.3 Non-condensing
Chapter 9 Market Size and Forecast, By Fuel, 2021 - 2034 (Units, MMBTU/hr & USD Million)
9.1 Key trends
9.2 Natural gas
9.3 Oil
9.4 Coal
9.5 Others
Chapter 10 Market Size and Forecast, By Country, 2021 - 2034 (Units, MMBTU/hr & USD Million)
10.1 Key trends
10.2 U.S.
10.3 Canada
10.4 Mexico
Chapter 11 Company Profiles
11.1 AERCO
11.1.1 Financial Data
11.1.2 Product Landscape
11.1.3 Strategic Outlook
11.1.4 SWOT Analysis
11.2 Acme Engineering Product
11.2.1 Financial Data
11.2.2 Product Landscape
11.2.3 SWOT Analysis
11.3 Babcock Wanson
11.3.1 Financial Data
11.3.2 Product landscape
11.3.3 Strategic Outlook
11.3.4 SWOT Analysis
11.4 Babcock & Wilcox Enterprises
11.4.1 Financial Data
11.4.2 Product Landscape
11.4.3 Strategic Outlook
11.4.4 SWOT Analysis
11.5 Bosch Industriekessel
11.5.1 Financial Data
11.5.2 Project Landscape
11.5.3 Strategic Outlook
11.5.4 SWOT Analysis
11.6 Burnham Commercial Boilers
11.6.1 Financial Data
11.6.2 Product Landscape
11.6.3 SWOT Analysis
11.7 Clayton Industries
11.7.1 Financial Data
11.7.2 Product Landscape
11.7.3 SWOT Analysis
11.8 Cleaver-Brooks
11.8.1 Financial Data
11.8.2 Product Landscape
11.8.3 Strategic Outlook
11.8.4 SWOT Analysis
11.9 Doosan Corporation
11.9.1 Financial Data
11.9.2 Product Landscape
11.9.3 SWOT Analysis
11.10 Fulton
11.10.1 Financial Data
11.10.2 Product Landscape
11.10.3 Strategic Outlook
11.10.4 SWOT Analysis
11.11 GE Vernova
11.11.1 Financial Data
11.11.2 Product Landscape
11.11.3 SWOT Analysis
11.12 Groupe Atlantic
11.12.1 Financial Data
11.12.2 Product Landscape
11.12.3 SWOT Analysis
11.13 Hurst Boiler & Welding Co.
11.13.1 Financial Data
11.13.2 Product Landscape
11.13.3 Strategic Outlook
11.13.4 SWOT Analysis
11.14 IHI Corporation
11.14.1 Financial Data
11.14.2 Product Landscape
11.14.3 SWOT Analysis
11.15 John Cockerill
11.15.1 Financial Data
11.15.2 Product Landscape
11.15.3 Strategic Outlook
11.15.4 SWOT Analysis
11.16 John Wood Group
11.16.1 Financial Data
11.16.2 Product Landscape
11.16.3 Strategic Outlook
11.16.4 SWOT Analysis
11.17 Johnston Boiler
11.17.1 Financial Data
11.17.2 Product Landscape
11.17.3 SWOT Analysis
11.18 Mitsubishi Heavy Industries
11.18.1 Financial Data
11.18.2 Product Landscape
11.18.3 Strategic Outlook
11.18.4 SWOT Analysis
11.19 Miura America Co.
11.19.1 Financial Data
11.19.2 Product Landscape
11.19.3 Strategic Outlook
11.19.4 SWOT Analysis
11.20 Rentech Boiler System
11.20.1 Financial Data
11.20.2 Product Landscape
11.20.3 SWOT Analysis
11.21 Sofinter S.p.a
11.21.1 Financial Data
11.21.2 Product Landscape
11.21.3 SWOT Analysis
11.22 Superior Boiler
11.22.1 Financial Data
11.22.2 Product Landscape
11.22.3 Strategic Outlook
11.22.4 SWOT Analysis
11.23 Thermax
11.23.1 Financial Data
11.23.2 Product Landscape
11.23.3 SWOT Analysis
11.24 Victory Energy Operations
11.24.1 Financial Data
11.24.2 Product Landscape
11.24.3 SWOT Analysis
11.25 Viessmann
11.25.1 Financial Data
11.25.2 Product Landscape
11.25.3 SWOT Analysis

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