US Industry Analysis Industrial Boilers Market Forecast - 2023

Mounting Pressure to Reduce Carbon Footprint Encourages Usage of Efficient Industrial Boilers

The increasing pressure on the chemical, metal, food, and several other manufacturing companies to reduce their carbon footprint is creating a lucrative growth opportunity for the industrial boilers market in the U.S. The recently stated guidelines by the Environmental Protection Agency (EPA) pertaining to air pollution levels from institutional, commercial, and industrial boilers is expected to lead to an investment in energy-efficient boilers. This supportive groundwork is expected to push the opportunity of the industrial market to

East North Central Region Spearheads Overall Market

In terms of regions, the East North Central region witnessed a surge in the number of industrial boiler installations in 2014. In the same year, the region accounted for 30% of the total market. In the coming few years, this regional market is expected to experience tremendous rise in manufacturing activities and industrial growth. Citing these reasons, the East North Central region will see the highest demand of industrial boilers in the forecast period. The strong presence of metal, chemical, and food companies in Michigan and Illinois will also present ample of growth opportunities to the industrial boilers market in the U.S.

Get PDF Brochure for more Professional and Technical industry insights : http://bit.ly/2hr6PaG

Petroleum Industries in West South Central Region Keep Up the Demand for Industrial Boilers

The next big geographical segment in the U.S. industrial boilers market is the West South Central. As of 2014, this region held 18% share in the total market. Researchers predict that the rise of this regional segment will be due to the growth of fabricated metal and petroleum industries in Oklahoma. Studies also point out that the maximum installed industrial boilers are of 300 BHP capacity due to the presence of primary metals, food processing, and petroleum industries.
us-industrial-boiler-market

South Atlantic Emerges as Third Key Contributor to the Market

The South Atlantic region of the U.S. industrial boiler market was registered as the third largest key contributor to the revenues of the overall market. As of 2014, this region held a share of 15% in the overall market. The burgeoning chemical and paper industries of South Atlantic are expected to drive this market in the coming years.

The industrial boilers market in the U.S. will also be driven by the rising fuel costs that account for about 85% of the total cost of operations of boilers. In wake of exorbitantly rising fuel costs, the preference of end-user industries is likely to shift towards energy and fuel-efficient boilers. The modern boilers are known to bring down emissions of harmful gases such as CO, CO2, VOC, and NOX. The economic recovery of the U.S. and the rising capital investments are also expected to propel this market.

Browse Report with Full TOC at : http://www.transparencymarketresearch.com/us-industrial-boilers-market.html

Players take Product Differentiation Seriously to Gain Competitive Advantage

Some of the leading players operating in the U.S. industrial boilers market are Cleaver-Brooks, Inc., Johnston Boiler Company, Fulton Boiler Works, Inc., Clayton Industries Inc., Columbia Boiler Company, Hurst Boiler & Welding Company, Inc., P.M. The competitive landscape in the U.S. industrial boilers market is fragmented with players trying to secure a larger consumer base through strategic alliances. However, companies are increasingly working on technological innovation and establishing product differentiation to create a niche.

Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us

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 business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

90 Sate Street, Suite 700
Albany, NY 12207

This release was published on openPR.