United States Industrial Boiler Market to Grow at a CAGR of 3% During 2024-2032, Aided by the Growing Demand from Major End Use Sectors, Particularly Food and Beverage Industry

The United States industrial boiler market growth is driven by its growing applications in various industries. Boilers play a from various end use sectors. crucial role in the food and beverage industry, facilitating various processes like brewing, cleaning, cooking, and sterilizing equipment. They provide hot water for heating, sanitation, and processing. In the metals and mining sector, large boilers are utilized primarily in integrated steel mills to generate steam for turbine-driven equipment and power generation. According to USDA reports, food processing is one of the largest industries in the United States. Agriculture and related industries contribute approximately 5% to the national GDP.

Fig: Food and beverage industry’s contribution to the US GDP, 2022

The market is expected to witness growth, driven by the rising demand for biomass-fueled boilers. Stringent CO2 emission regulations set by the US government are driving this trend. Biomass, being safer and emitting fewer harmful gases, is gaining traction across various applications. Meanwhile, the oil and gas segment is expected to experience steady growth due to the relatively low prices of oil and gas compared to other fuel options.

The industrial boiler market in the United States is benefitting from the increasing demand for small boilers. Small boilers are easy to clean, particularly on the water steam side. They provide steam for stand-by operations in the food and beverage and metal and mining sectors. Moreover, high-capacity boilers are likely to see growth, driven by their necessity in the petroleum industry for steam generation in large quantities, supporting various operations such as heating and pressure control.

In January 2024, Laars Heating Systems, a company that specialises in designing and manufacturing boilers, water heaters, and pool heaters for residential, commercial, and industrial use, acquired Electro Industries Inc. Electro Industries is a manufacturer of electric boilers, air-to-water heat-pump technology, electric duct heaters, and controls.

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Market Breakup by Fuel, Boiler Type, Capacity, and Application:

• The market is segmented based on fuel into biomass, oil and gas, and fossil, among others.

• Based on boiler type, the market can be divided into fire tube, and water tube, among others.

• Based on capacity, the market is divided into small, medium, and high.

• By application, the market is segmented into food processing, pulp and paper, chemical, refining, and metal and mining, among others.

Key Findings of the Report:

• The United States industrial boiler market is driven by the increasing demand for biomass-fueled boilers due to stringent CO2 emission regulations. Biomass is gaining traction for its safety and lower emissions compared to traditional fuels like oil and gas.

• Small boilers are experiencing heightened demand, particularly in the food and beverage and metal and mining sectors, owing to their ease of cleaning and suitability for stand-by operations.

• High-capacity boilers are primarily used in the petroleum industry for large-scale steam generation.

Key Offerings of the Report:

• The EMR report gives an overview of the US industrial boiler market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the fuel, boiler type, capacity, application, and major regions of the US industrial boiler market.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

• The major players in the United States industrial boiler market are Fulton Boiler Works, Inc., Babcock & Wilcox Enterprises Inc., Hurst Boiler & Welding Company, Inc., Miura America Co., Ltd., Mitsubishi Heavy Industries, Ltd., and Clayton Industries, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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