U.S. Commercial Boiler Market is set to exceed 80,000 units by 2024 Eminent participants are Johnston, Hurst Boiler, Columbia Boiler, Superior Boiler, Groupe Simoneau, RBI, Clayton and Vapor Power

Shifting preference toward energy efficient boilers for carbon footprints abatement is providing a significant impetus to U.S. commercial boiler market outlook. Add to it, mandatory roll outs in the country for the reduction of the hazardous gas emissions is further encouraging the end use industries to rapidly deploy these energy efficient commercial boilers. EPA, for instance, has recently initiated NESHAP (National Emission Standards for Hazardous Air Pollutants) to govern carbon emissions across commercial and industrial sectors. In tandem with the regulatory framework, technological interference has also played a major role in influencing the overall U.S. commercial boiler market dynamics. Building automation systems, boiler to boiler communication, and remote diagnostics are some of the novel technologies that have immensely complemented the product landscape. Driven by such affluent advancement pipeline, the U.S. commercial boiler market stood at USD 3,000 million in 2017.

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The remarkable expansion of U.S. commercial boiler market can be majorly credited to the country’s growing investment in healthcare and educational sectors. In 2016, U.S. registered a healthcare expenditure of USD 3 trillion, which was almost 17% of the nation’s GDP. The widening scope of potential healthcare applications ranging from space and water heating in hospitals to equipment sterilization indeed has increased the U.S. commercial boiler market demand. According to the Centers for Medicare & Medicaid Services (CMS), approximate healthcare spending in the U.S. in 2016 was USD 10,000 per person – a data bearing testimony to the strong stance the healthcare application holds in the regional landscape.

The region further being swayed by cold climate further provides a slew of opportunities to the commercial boiler industry players. For the record, North Dakota, Minnesota, South Dakota, Alaska have been touted as the coldest regions in the U.S. with recorded average winter temperature of up to 12°F.

Growing effort towards limiting GHG emissions from commercial and industrial centers will fuel the commercial boiler market potential. Federal government along with state agencies have introduced a range of policies to limit the carbon emission across key economic sectors. For instance, National Emission Standards for Hazardous Air Pollutants, introduced by the U.S. government aims to restrict the emissions of carbon mono oxide, mercury, particulate matter and other pollutants.

Commercial boiler market from natural gas is anticipated to witness robust growth on account of abundant gas availability and its easier storage. Some of the distinct advantages of gas fired units include low noise, reduced operating costs and absence of soot. California, New York, Texas, Illinois and Louisiana are some of the prominent states with comparatively high gas consumptions.

Ohio commercial boiler market is projected to exceed USD 150 million in 2024. Positive outlook toward healthcare sector coupled with growing deployment of energy efficient buildings will fuel the product demand. In 2015, state’s construction sector witnessed growth of over 6% from the previous year accounting for USD 22 billion.

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Research Methodology
The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data

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U.S. commercial boiler market is anticipated to witness robust growth subject to consistent need for energy efficient space heating systems across cold climatic regions. North Dakota, South Dakota, Minnesota and Alaska have been some of the coldest regions in the U.S. with average winter temperatures reaching 12°F.

Major U.S. commercial boiler market participants include Cleaver-Brooks, Fulton, Burnham, Parker, Bradford White, PB Heat, Weil-McLain, A.O. Smith, Babcock and Wilcox, Miura, Northwest Manufacturing, Victory Energy, P.M. Lattner, Precision, Johnston, Rite Engineering, Columbia, Hurst, Groupe Simoneau, Superior, RBI, Vapor Power and Clayton.

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