U.S. Boiler Market 2019: Industry Growth, Competitive Analysis & Forecast 2025 | Fulton Boiler Works, Columbia Boiler Company, Miura America, Clayton Industries

Major players operating in the U.S. boiler market include Babcock & Wilcox, Weil McLain, Fulton, Miura, and Clayton amongst others.

U.S. Boiler Market by 2025 is anticipated to witness an annual installation of over 107 thousand units. Adoption of stringent federal regulations to reduce GHG emissions from industrial & commercial establishments are fueling the adoption of advanced boiler systems.

Some major findings of the U.S. boiler market report include:
- The demand for boiler systems is increasing due to their benefits such as low fuel consumption and high energy efficiency.

- Positive outlook toward chemical & refining sector across West South Central region is anticipated to drive the U.S. boiler market growth.

- The rising demand for low-cost systems across the manufacturing & food processing industry is expected to augment the industry growth.

- Companies are integrating digital & IoT system aimed toward effective system monitoring & control to gain a competitive advantage over other industry participants.

- Industrial facility owners across the U.S. are replacing legacy systems with new boiler units to offer reliable and efficient performance during the manufacturing/production process.

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Low initial cost and easy installation are some the key underlying factors driving the demand for non-condensing boilers. In addition, ability of these systems to operate under extreme climatic conditions is further driving the product demand. However, non-condensing units are increasingly being replaced by condensing boilers, especially across commercial applications, which may inhibit the business growth.

The shifting trends toward the adoption of cleaner fuels has propelled the installation of gas-fired boiler systems. The region is characterized by the presence of robust distribution channels & networks for natural gas supply and abundant fuel availability. In addition, the government has adopted stern emission standards to reduce carbon footprint across key energy intensive industries thereby providing increased opportunities for product installation.

Increasing applications of specialty chemicals supported by export oriented nature of chemical sector is driving the installation of boilers. The U.S. chemical industry is one the key contributors toward the national economic growth, accounting for nearly 25% of the GDP in 2018. Robust global demand for bulk chemicals along with rising domestic consumption has resulted in an increased investments toward capacity enhancements, which will further boost the product demand over the forecast timeframe.

Positive economic outlook across the South Atlantic region has reinforced industries to increase investments toward establishment of new industrial facilities to meet the growing demand for manufactured goods. Industry participants across the region are focusing on the adoption of advanced boiler systems capable of supporting multiple production & manufacturing processes to optimize the fuel consumption and increase their operating profit margin.

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Growth Drivers:
Industrial
Upgrading and replacement of existing boilers
Positive outlook toward chemical and food processing industries
Adoption of stringent emission regulations
Commercial
Positive outlook towards healthcare sector
Growing demand for energy efficient boilers
Stringent government regulations

Companies are making multiple investments toward the development of new industrial facilities & centers. The industry is witnessing a huge demand for new boiler units across several verticals. The players are focusing on expansion of their output capacity to sustain the intensifying competition and cater to the rising demand for the replacement of conventional boiler systems.

Companies are focusing toward integration of digital system to meet the growing demand for remote monitoring & control of boiler operations. In addition, increased focus toward energy optimization across industrial and commercial facilities has led to introduction of new boilers with condensing technology.

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