Augmented refining activities to outline U.S. industrial boiler market forecast | Columbia Boiler Company, Miura America Co. Ltd., Clayton Industries

Key players comprising the industry’s competitive dynamics include Fulton, Parke, Miura, Acme, Easco, Clayton, Unilux and Columbia Boiler Company, amidst others. According to a report generated by Global Market Insights Inc., U.S. industrial boiler market size is estimated to exceed USD 1.6 billion by 2024.

Proliferating innovations in food processing have provided increased impetus to U.S. industrial boiler market forecast coupled with a robust chemical sector in the region. Increasing demand for petroleum-based products has led to the expansion in the capacity of oil refineries in the country, and boilers are an importance component in refining process. As per data from the U.S. Energy Information Administration (EIA), as of June 2018, the total operable oil distillation capacities in the U.S. amounted to over 18.5 million barrels per day.

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Increasing disposable income among the people along with frequently changing food preferences is positively complementing the product penetration in the region. These boilers find widespread application in the food production sector for activities such as steaming for cooking, hot water generation for sanitation, reducing microbiological risks in the food and steam and heat for food packaging, amongst the others.

Gas-fired industrial boilers are amongst the most widely used boilers owing to the product’s high efficiency, lower cost of maintenance and easy fuel accessibility. Moreover, increasing awareness towards rise in carbon emissions and stringent regulations by the regulatory authorities in the U.S. focusing on curbing the levels of pollution will notably promote U.S. industrial boiler market outlook over the forecast period.

Rising fuel prices owing to escalating demand in the region along with increased use of natural gases is leading to a shift from conventional forms of heating mechanisms with new alternatives, further steering industrial boiler industry trends in the region. According to EIA, more than 7,700 billion cubic feet (BCF) of natural gas was consumed by U.S. industries in 2016, showcasing a growth of over 2% as compared to the previous year.

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The capability of gas-fired industrial boilers to ensure large water and steam holding space in order to provide a quick response to fluctuating steam demands, coupled with gradually decreasing running cost, is offering lucrative growth opportunities to expand U.S. industrial boiler market size.

In terms of technology, condensing industrial boilers have gained popularity in the region due to favoring federal regulations and low operating costs. This technique utilizes heat generated from exhaust gases by using the present latent heat in outgoing water vapor by condensation, thereby ensuring increased energy efficiency.

Apparently, these boilers are designed to facilitate maximum efficiency at lower emission levels while ensuring a low waterside pressure drop. Additionally, the unique construction of the boiler equipment can withhold low minimum flows, making them a versatile choice for any system and fueling U.S. industrial boiler industry share.
California industrial boiler market is anticipated to exceed 19,000 MMBtu/hr capacity over the forecasted timeframe.

In terms of geographical expansion, the presence of prominent metal, food processing and equipment, and chemical companies in California is creating a demand for industrial boilers across the region. The cumulative value of manufactured goods in 2016 across the state was estimated at over USD 288 billion, with chemical products constituting 17% of the total share.

South Atlantic region is poised to emerge as a profitable revenue terrains for industrial boiler industry in the coming years. The establishment of new manufacturing units due to growing investments and presence of a business-friendly environment is supplementing the product demand in the region. For instance, in 2015, Florida and Georgia has announced projects worth USD 7.4 billion, majorly focusing on the food processing sector.

Favorable industrial environment along with efforts taken by the government and other regulatory authorities to control greenhouse gas emissions will outline U.S. industrial boiler market outlook. One such initiative was undertaken by the Environmental Protection Agency to set National Emission Standard (NESHAP), with a view to control levels of carbon emissions let out by energy-intensive industries.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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