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Commercial Boiler Market in United States: - Complete Research & Foresight to 2024

Commercial Boiler Market in United States: - Complete Research &

U.S. Commercial Boiler Market is expected to grow at over 3% CAGR to surpass USD 1 billion by 2024. Growing requirement for space heating system from cold regions will stimulate the industry growth. North Dakota, Alaska, Minnesota, and South Dakota are some of the coldest states in the country with winter temperatures regularly falling below 13°F. In Minnesota, healthcare, lodgings and food service are some of the key industries where boilers are installed for space heating applications.
Introduction of government standards and regulations towards greenhouse gas emission will drive the U.S. commercial boiler market. Replacement of existing inefficient heating units may augment the product demand. Government has announced National Emission Standards for Hazardous Air Pollutants which aims to reduce emission of pollutants including particulate matter, carbon mono oxide and mercury.

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Growing investments toward upgradation of healthcare facilities and educational institutions will propel the U.S. commercial boiler market. Healthcare applications of boiler include sterilization, space and water heating in rehabilitation centers, hospitals and diagnostic centers. Advancements in heating technology and boiler control will further augment the industry growth. Boiler to Boiler communication, building automation systems and remote diagnostics are some of the technologies which will complement the business landscape.

Commercial boiler market share for natural gas is predicted to experience robust growth owing to easy storage and its abundant availability. Natural Gas fired units also offer advantages which include reduced noise, absence of soot, and low operating costs. California, New York, Texas, Illinois and Louisiana are some of the largest natural gas consuming states.

Stringent government regulations towards carbon emission and demand for high efficiency boiler with will drive condensing commercial boiler market. Low operating costs and high efficiency are some of the key features which make its adoption preferable. Rising investments toward upgradation of warehouse and storage facilities will stimulate >10MMBtu/hr capacity boiler demand.

Lodgings accounted for over 11% of the commercial boiler market share in 2016. Boilers are primarily used for steam and hot water generation in guest cottages, dormitories, hotels and nursing homes. Growing spending toward tourism and hospitality sector will further enhance the industry outlook.
Ohio commercial boiler market revenue is set to cross USD 55 million by 2024. Positive outlook towards healthcare and education sector coupled with investments towards net zero energy buildings will drive the product demand. In 2016, state government announced to spend over USD 600 million for local school construction including renovations, repairs and maintenance.

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Commercial boiler market demand for Delaware is predicted to experience growth over 4% by 2024 owing to rising investments in services and healthcare sector. Thriving tourism sector will further boost the product demand in the state.

Key industry participants in the U.S. commercial boiler market include Fulton, Weil-McLain, Superior Boiler Works, Columbia Boiler, Bradford White Corporation, Cleaver Brooks, A.O. Smith, Burnham Commercial, Clayton, Babcock and Wilcox and Parker Boiler.

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