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United States Industrial Boiler Market Size, Trends, Growth: By Fuel: Biomass, Oil and Gas, Fossil, Others; By Boiler Type: Fire Tube, Water Tube, Others; By Capacity: Small, Medium, High; By Application: Food Processing, Pulp and Paper, Chemical, Refining, Metal and Mining, Others; Market Dynamics; Competitive Landscape; 2024-2032
United States Industrial Boiler Market Outlook
The United States industrial boiler market is expected to grow at a CAGR of 3% in the forecast period of 2024-2032.
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Increasing Demand for Biomass-Fuelled Boilers to Bolster the Growth of the United States Industrial Boiler Industry
Based on fuel, the biomass segment is likely to account for a significant share in the market, owing to the stringent guidelines of the US government pertaining to CO2 emissions. Biomass is comparatively safe and releases less harmful gases into the atmosphere. Therefore, it is witnessing increased demand in various application sectors. Meanwhile, the oil and gas segment is likely to witness a steady growth over the forecast period. This can be attributed to the low prices of oil and gas as compared to other fuel types.
Rising demand for Small Boilers to Propel the Industrial Boiler Industry Growth in the United States
On the basis of capacity, small boilers accounted for a significant share in the market and are anticipated to witness an increased demand over the forecast period. This can be attributed to the ease of cleaning these boilers, especially from the water steam side. Over the forecast period, the rising demand for small boilers to generate steam in small quantities for stand-by operations in the food and beverage and metal and mining industry is likely to provide an impetus to the market growth. Meanwhile, high-capacity boilers are expected to attain a considerable growth, owing to the rising demand in the petroleum industry to generate steam in large quantities. In the petroleum industry, high-capacity industrial boilers are used for operations, such as heating, fractionation, stripping, quenching, dilution, and pressure control.
Increased Presence of Major Manufacturers in the United States to Augment the Market Growth
The presence of major manufacturers such as Fulton Boiler Works, Inc., Babcock & Wilcox Enterprises Inc., and Hurst Boiler & Welding Company, Inc. in cities like New York, Ohio, and Georgia, respectively, is likely to propel the market growth in the region. These cities are likely to witness a strong demand for small, medium, and large sized boilers, owing to the rapid industrialisation and urbanisation in the areas.
Industrial Boiler: Market Segmentation
Industrial boiler is defined as a closed vessel that uses a fuel source or electricity to heat water or generate steam for industrial heating and humidification applications. Industrial boilers produce steam for the generation of mechanical power and electricity.
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Based on fuel, the market is divided into:
- Biomass
- Oil and Gas
- Fossil
- Others
On the basis of boiler type, the market can be segmented into:
- Fire Tube
- Water Tube
- Others
Based on capacity, the market is divided into:
- Small
- Medium
- High
The various applications of the product include:
- Food Processing
- Pulp and Paper
- Chemical
- Refining
- Metal and Mining
- Others
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Thriving Food Processing Industry in the United States to Boost the Growth of the Industrial Boiler Industry
The industrial boiler market in the United States of America is driven by the rapidly growing food processing industry in the region. The growth of the food processing industry can be attributed to the presence of advanced technology, high disposable income, and growing population in the US. Over the forecast period, the country is anticipated to witness a significant demand for meat and snack products and convenience and packaged foods, which, in turn, is expected to enhance the demand for industrial boilers in the food processing sector. Moreover, the market is expected to be aided by the growing product applications in the pulp and paper industry, thus, further bolstering the regional market growth. In addition, the increasing demand for biomass-fuelled industrial boilers is expected to positively impact the industry growth in the forecast period.
Key Industry Players in the United States Industrial Boiler Market
The report gives a detailed analysis of the following key players in the United States industrial boiler market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Fulton Boiler Works, Inc.
- Babcock & Wilcox Enterprises Inc.
- Hurst Boiler & Welding Company, Inc.
- Miura America Co., Ltd.
- Mitsubishi Heavy Industries, Ltd.
- Clayton Industries
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Fuel |
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| Breakup by Boiler Type |
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| Breakup by Capacity |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 United States
7 Opportunities and Challenges in the Market
8 North America Industrial Boiler Market Analysis
8.1 Key Industry Highlights
8.2 North America Industrial Boiler Historical Market (2018-2023)
8.3 North America Industrial Boiler Market Forecast (2024-2032)
8.4 North America Industrial Boiler Market by Region
8.4.1 United States
8.4.2 Canada
9 United States Industrial Boiler Market Analysis
9.1 Key Industry Highlights
9.2 United States Industrial Boiler Historical Market (2018-2023)
9.3 United States Industrial Boiler Market Forecast (2024-2032)
9.4 United States Industrial Boiler Market by Fuel
9.4.1 Biomass
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Oil and Gas
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Fossil
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.4 Others
9.5 United States Industrial Boiler Market by Boiler Type
9.5.1 Fire Tube
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Water Tube
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Others
9.6 United States Industrial Boiler Market by Capacity
9.6.1 Small
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Medium
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 High
9.6.3.1 Historical Trend (2018-2023)
9.6.3.2 Forecast Trend (2024-2032)
9.7 United States Industrial Boiler Market by Application
9.7.1 Food Processing
9.7.1.1 Historical Trend (2018-2023)
9.7.1.2 Forecast Trend (2024-2032)
9.7.2 Pulp and Paper
9.7.2.1 Historical Trend (2018-2023)
9.7.2.2 Forecast Trend (2024-2032)
9.7.3 Chemical
9.7.3.1 Historical Trend (2018-2023)
9.7.3.2 Forecast Trend (2024-2032)
9.7.4 Refining
9.7.4.1 Historical Trend (2018-2023)
9.7.4.2 Forecast Trend (2024-2032)
9.7.5 Metal and Mining
9.7.5.1 Historical Trend (2018-2023)
9.7.5.2 Forecast Trend (2024-2032)
9.7.6 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Fulton Boiler Works, Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Babcock & Wilcox Enterprises Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Hurst Boiler & Welding Company, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Miura America Co., Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Mitsubishi Heavy Industries, Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Clayton Industries
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. North America Industrial Boiler Market: Key Industry Highlights, 2018 and 2032
2. North America Industrial Boiler Historical Market: Breakup by Region (USD Billion), 2018-2023
3. North America Industrial Boiler Market Forecast: Breakup by Region (USD Billion), 2024-2032
4. United States Industrial Boiler Market: Key Industry Highlights, 2018 and 2032
5. United States Industrial Boiler Historical Market: Breakup by Fuel (USD Billion), 2018-2023
6. United States Industrial Boiler Market Forecast: Breakup by Fuel (USD Billion), 2024-2032
7. United States Industrial Boiler Historical Market: Breakup by Boiler Type (USD Billion), 2018-2023
8. United States Industrial Boiler Market Forecast: Breakup by Boiler Type (USD Billion), 2024-2032
9. United States Industrial Boiler Historical Market: Breakup by Capacity (USD Billion), 2018-2023
10. United States Industrial Boiler Market Forecast: Breakup by Capacity (USD Billion), 2024-2032
11. United States Industrial Boiler Historical Market: Breakup by Application (USD Billion), 2018-2023
12. United States Industrial Boiler Market Forecast: Breakup by Application (USD Billion), 2024-2032
13. United States Industrial Boiler Market Structure
Key Questions Answered in the Report
The United States industrial boiler market is estimated to witness a healthy growth at a CAGR of 3% in the forecast period of 2024-2032.
The major drivers of the market include the increasing demand for biomass-fuelled industrial boilers, advanced technology, high disposable income, growing population, rapid industrialisation and urbanisation.
The rapidly growing food processing industry and the growing product applications in the pulp and paper industry are the key trends augmenting the market growth.
Biomass, oil and gas, and fossil, among others, are the major fuels in the market.
Fire tube and water tube, among others are the different boiler types of the product.
Small, medium, and high are the different capacities of the product.
Food processing, pulp and paper, chemical, refining, metal and mining, among others are the significant applications of the product in the market.
The major players in the industry 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.
Analyst Review
The United States industrial boiler market was driven by the rising demand for the product from the food processing industry in the historical period. Aided by the increasing demand for biomass-fuelled industrial boilers and advanced technology, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on fuel, the market is divided into biomass, oil and gas, and fossil, among others. On the basis of boiler type, the market is segmented into fire tube and water tube, among others. Based on capacity, the market is divided into small, medium, and high. The significant applications of the product include food processing, pulp and paper, chemical, refining, metal and mining, among others. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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