Press release
U.S. Commercial Boiler Market Players are Fulton, Cleaver-Brooks, Parker, Burnham, PB Heat, Bradford White, Victory Energy
Commercial Boiler
U.S. Commercial Boiler Market is expected to reach over USD 3.5 billion by 2024. Increasing investment toward improvement of healthcare facilities coupled with increasing investment toward development of infrastructure sector will drive the industry growth. Growing demand for steam generation for space heating and water in equipment sterilization, rehabilitation centers & hospital will further complement the industry landscape.
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Stringent government regulations to curb carbon emissions from commercial sector along with growing demand for cost effective energy efficient system will propel the U.S. commercial boiler market. For instance, the U.S. Environmental Protection Agency introduced National Emission Standards for Hazardous Air Pollutants to reduce mercury, carbon mono oxide and particulate matter across industrial and commercial centers.
Lodging application in 2017, was over 67,000 MMBtu/hr. Growing demand for steam generation and hot water across guest cottages, retirement & nursing homes, dormitories and hotels will fuel the U.S. commercial boiler market. Positive outlook toward hospitality sector will further boost the product penetration.
Growth Drivers:
1. Positive outlook towards healthcare sector
2. Rising need for space heating in commercial buildings
3. Growing demand for energy efficiency boilers
4. Strict government regulations
Condensing commercial boiler market is anticipated to witness growth owing to its ability to offer competitive pricing, minimal environment impact and high efficiency by tapping the heat from flue gases. Rising concern to save electricity bills, technology innovation in system design to enhance efficiency along with strict efficiency standards and norms to reduce carbon emission will further complement the business landscape.
Natural gas commercial boiler market is set to witness significant growth owing to abundant availability of gas and its easier storage. The product ability to offer reduced operating costs, absence of soot and low noise are some of paramount features which will enhance the product penetration over forecast period. Louisiana, New York, Illinois and California are some of the major states accounted for high gas consumptions.
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Ohio commercial boiler market is predicted to cross USD 150 million in 2024. Increased focus toward development of healthcare sector along with increasing investment toward development of zero emission buildings will augment the industry landscape.
Ongoing demand for energy efficient space heating systems across cold climatic regions will propel the U.S. commercial boiler Market. Alaska, Minnesota, South Dakota and North Dakota are some of the coldest regions with average 120F temperatures.
Positive outlook toward tourism sector coupled with increasing investment towards development of hospitals sector will drive the Florida commercial boiler market. In 2014, Florida tourism sector accounted for over USD 80 billion.
Eminent participants in U.S. commercial boiler market participants include Burnham, PB Heat, Babcock and Wilcox, Victory Energy, Johnston, Hurst, Superior, Clayton, Cleaver-Brooks, Parker, Weil-McLain, Northwest Manufacturing, Rite Engineering, RBI, Fulton, A.O. Smith, Precision, Vapor Power, Bradford White, P.M. Lattner, Groupe Simoneau, Miura and Columbia.
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