U.S. Industrial Boilers Market: High Demand on Cards owing to Imminent Need for Replacements, reports TMR
According to the report, the U.S. industrial boilers market is expected to rise from US$382.37 mn in 2014 to US$515.22 mn by 2023, expanding at a 3.35% CAGR between 2015 and 2023. Tennessee is expected to lead in the East-South-Central U.S. The market in Tennessee is expected to be driven by a high demand for chemical products, food products, and metal manufacturing. Michigan is anticipated to lead in the East-North-Central U.S. and will generate revenue of US$75.68 mn by 2023. Among the mountain states, the industrial boilers market in Arizona is projected to be worth US$4.12 mn by 2023.
Interpret a Competitive outlook Analysis Report with PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9131
High Fuel Costs to Drive Demand for High-efficiency Industrial Boilers
Fuel costs account for 85% of the total operational cost of industrial boilers. Thus, there is a demand for high-efficiency boilers over traditional boilers, which ensure significant reduction of fuel costs. High fuel costs are also encouraging end-user industries to replace their old and less efficient boilers with advanced, more efficient boilers.
Another factor boosting the U.S. industrial boilers market is the stringent regulations and standards imposed by the Environmental Protection Agency (EPA). For instance, in May 2015, the Environmental Protection Agency (EPA) finalized reconsideration for the air toxic standards that limit air pollutant emissions from industrial, commercial, and institutional boilers and process heaters. Owing to stringent standards proposed by the EPA, toxic air emissions need to be reduced significantly from industrial boilers installed at manufacturing industries which includes chemical, food, paper, metals, and petroleum. This will trigger industries to replace their existing boilers with advanced boilers, thus driving their demand.
High Initial Costs and Operational Expenses to Hinder Growth of Market
Industrial boilers have high initial costs, as per their pressure, temperature range, and steam mass flow rate. The capital cost includes equipment, installation, and operation costs. Industrial boilers operating on coal and wood have high operational costs since require regular maintenance to avoid emissions of toxic pollutants. As such, there is a need for the replacement of boilers, which again requires high capital investments. “These costs are unaffordable for many end-user industries and is one of the factors dissuading them from investing in industrial boilers,” states a TMR analyst. On the other hand, the fact that the life of an average industrial boiler is 25 to 30 years provides an opportunity for the market as there is a need for replacement of boilers.
The global industrial boilers market is segmented as follows:
U.S Industrial Boilers Market: By Region
West North Central
West South Central
East North Central
East South Central
U.S Industrial Boilers Market: By Capacity
Upto 300 BHP
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
90 Sate Street, Suite 700
Albany, NY 12207
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release U.S. Industrial Boilers Market: High Demand on Cards owing to Imminent Need for Replacements, reports TMR here
News-ID: 373237 • Views: 368
More Releases from TMR-Research Reports
Chemical Mechanical Planarization Market Global Market Opportunity Assessment St …
The semiconductor wafer fabrication process includes a critical technological procedure called as chemical mechanical planarization (CMP). The top surface of the wafer is planarized or polished in this procedure to produce a flat surface that is flawless and is essential to make powerful and faster semiconductor devices. Constant improvements in chemical mechanical planarization has significantly helped in enhancing the output of semiconductor devices and that too at a fairly lesser
Oil Storage Market Global Industry Analysis Forecast 2016 – 2024
The global oil storage market is considerably consolidated as the top five players, namely NuStar Energy L.P., Buckeye Partners L.P., Oiltanking GmbH, Kinder Morgan Inc., and Royal Vopak N.V. held over 67% of global market in 2014. Transparency Market Research (TMR) has estimated that the degree of competition will escalate due to increasing investments by some of the key market players. The threat from new entrants is expected to remain
Biofertilizers Market Insights with Key Company Profiles - Forecast to 2025
A recent intelligence study by Transparency Market Research (TMR) suggests that the global biofertilizers market is largely fragmented, though a few companies do hold slightly dominant position via diverse product portfolio and geographical reach. The report identifies Biomax, PotashCorp Agri Life, Italpollina SpA, Bodisen Biotech, Inc., Protan AG , Novozymes A/S , T. Stanes & Company Limited, Gujarat State Fertilizers and Chemicals Ltd., Symborg S.L, Rashtriya Chemicals and Fertilizers Limited,
Alcohol-Based Disinfectants Market Evolving Industry Trends 2020
The global alcohol-based disinfectants market is foreseen to rake in a high demand in the near future while riding on the ability of the disinfectants to efficiently eliminate germs and evaporate soon after. Besides hand sanitizing, alcohol-based disinfectants could be engaged for other applications such as food sanitization. Since a substantial count of manufacturers perform downstream activities, there could be a high degree of forward integration taking shape in the
More Releases for Boiler
Steam Boiler Systems Global Market 2018: Key Players – Hurst Boiler, Rentech B …
Steam Boiler Systems Industry Description Wiseguyreports.Com Adds “Steam Boiler Systems -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database This report studies the global Steam Boiler Systems market status and forecast, categorizes the global Steam Boiler Systems market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India,
Biomass Boiler Market, Biomass Boiler Market Trends, Biomass Boiler Market Growt …
An extensive forecast study, titled “Biomass Boiler Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” has been broadcasted to the online repository of Market Research Reports Search Engine (MRRSE). This 291-page precise study encapsulates valuable details about the market current scenario as well as its future projections on a global and regional level. It further intensely aims to provide major insights into the market’s
Chemicals for Boiler
Boilers comprise of an enclosed vessel where raw water is heated to generate steam for various industrial applications. Natural water contains varying amounts of suspended and dissolved substances, gases, which if not treated properly, it can bring about numerous issues like scale formation, corrosion, etc. of the boiler systems. It can likewise expand the measure of blow down required and subsequently can bring about wastage of fuel. Corrosion and
Combitherm Ultra Boilers(Combi boiler)
Combi Boiler Combitherm Ultra Boilers Combitherm Ultra Boilers are factory assembled unit, installed on a skid base frame requiring minimum site work for installation. This steam boiler too, operates on the function of both water and smoke tube combination type steam boiler( Combi Ultra Boiler). This unique and compact design is one its kind, with amazing fuel feeding flexibility (wood, coal, briquettes, petcoke, rice husk etc.) and redefined water & flue
Global Steam Boiler Market 2017 - Daeyeol Boiler, Shuangliang Group, ZHEJIANG TU …
Global Steam Boiler Market by Manufacturers, Countries, Type and Application, Forecast to 2022 Scope of the Report: This report focuses on the Steam Boiler in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Request For Sample Report @ https://www.fiormarkets.com/report-detail/94456/request-sample Market Segment by Manufacturers, this report covers Booster Co., Ltd./Boosterboiler Daeyeol Boiler Shuangliang Group ZHEJIANG TUFF BOILER CO.,LTD. Fulton Boiler Works,
Global Steam Boiler Systems Market: By Types - Fire Tube Boiler, Horizontal Retu …
Latest industry research report on: Global Steam Boiler Systems Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This report analyzes and forecasts the market for Steam Boiler Systems at the global and regional level. The market has been forecast based on revenue (US$ Mn) & Volume (Units) from 2016 to 2024. The study includes drivers and restraints of the global Steam Boiler Systems market. It