Press release
What's Driving the U.S. Industrial Boiler Market Growth? Fulton Boiler Works, Columbia Boiler, Miura America, Clayton Industries, Cleaver-Brooks, Superior Boiler Works, Vapor Power International
U.S. Industrial Boiler Market
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California industrial boiler market is projected to reach over 19,000 MMBtu/hr by 2024. Chemical, metal, food processing and equipment manufacturing are the primary industries operating across the state, which will augment the product adoption. In 2016, total value of manufactured goods across the state was valued over USD 288 billion, with chemical products accounting for over 17% share.
Energy efficient operation, accessibility of fuel and low maintenance cost are the key features that will drive the natural gas fired industrial boiler market growth. In addition, rising fuel prices and stringent environmental regulations will lead to the replacement of conventional heating systems with its contemporary units. In 2016, according to EIA, over 7,700 billion cubic feet (BCF) of natural gas was consumed by industries, with a growth of over 2% from previous year.
Leading Key Players in U.S. Industrial Boiler Market are: Fulton Boiler Works, Inc., Columbia Boiler Company, Miura America Co. Ltd., Clayton Industries, Inc., Hurst Boiler & Welding Company, Inc., P. M. Lattner Manufacturing Company, Le Groupe Simoneau, Inc., PARKER BOILER COMPANY, Cleaver-Brooks, Inc., Superior Boiler Works, Inc., Vapor Power International, LLC., Victory Energy Operations, LLC, Calderas Powermaster, Sioux Corporation, Williams & Davis Boilers, Bryan Steam, York-Shipley, Unilux Advanced Manufacturing, LLC, Acme Engineering Prod. Ltd., Easco
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Condensing industrial boiler market is set to witness strong growth owing to encouraging federal regulations along with low operating cost and higher energy efficiency. These systems utilize the heat from exhaust gases by utilizing the latent heat present in outgoing water vapor by condensation. Nevertheless, limited performance at very low temperatures along with high initial cost relative to non-condensing units may hamper the industry growth.
South Atlantic industrial boiler market is projected to grow over 4% by 2024. Resurgent economic growth on account of business-friendly environment has resulted in increased investments toward new manufacturing units which in turn will fuel the product demand across the region. For instance, projects worth over USD 7.4 billion were announced across Florida and Georgia in 2015 with major focus toward food processing industry.
Growing efforts by the government and state authorities to cut GHG emissions will fuel the industrial boiler market growth. For instance, EPA introduced National Emission Standard with an aim to reduce carbon emissions from energy intensive industries. Furthermore, substantial growth across metal industry along with growing investments toward paper and pulp industry will boost the business growth.
Partial Table of Contents (ToC) of the report:
Chapter 4. U.S. Industrial Boiler Market, By Fuel
4.1. U.S. Industrial boiler market, by fuel revenue share, 2017 & 2024
4.2. Natural gas
4.2.1. U.S. market from natural gas, 2013 - 2024
4.2.2. U.S. market from natural gas by region 2013 - 2024
4.3. Oil
4.3.1. U.S. market from oil, 2013 - 2024
4.3.2. U.S. market from oil, by region 2013 - 2024
4.4. Coal
4.4.1. U.S. market from coal, 2013 - 2024
4.4.2. U.S. market from coal, by region 2013 - 2024
4.5. Other
4.5.1. U.S. market from other, 2013 - 2024
4.5.2. U.S. market from other, by region 2013 - 2024
Chapter 5. U.S. Industrial Boiler Market, By Application
5.1. U.S. industrial boiler market share by application, 2017 & 2024
5.2. Food processing
5.2.1. U.S. market from food processing market, 2013-2024
5.2.2. U.S. market from food processing, by region 2013 - 2024
5.3. Paper & pulp
5.3.1. U.S. market from pulp & paper market, 2013-2024
5.3.2. U.S. market from paper & pulp, by region 2013 - 2024
5.4. Chemical
5.4.1. U.S. market from chemicals market, 2013-2024
5.4.2. U.S. market from chemical, by region 2013 - 2024
5.5. Refining
5.5.1. U.S. market from refining market, 2013-2024
5.5.2. U.S. market from refining, by region 2013 - 2024
5.6. Primary Metal
5.6.1. U.S. market from primary metal market, 2013-2024
5.6.2. U.S. market from primary metal, by region 2013 - 2024
5.7. Other
5.7.1. U.S. market from other market, 2013-2024
5.7.2. U.S. market from other, by region 2013 - 2024
Read More About U.S. Industrial Boiler Market At https://www.globenewswire.com/news-release/2018/09/19/1572873/0/en/U-S-Industrial-Boiler-Market-will-retain-4-CAGR-to-cross-1-6-billion-by-2024-Global-Market-Insights-Inc.html
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