U.S. Industrial Boiler Market size was USD 452 million in 2015 with 2% growth forecast from 2016 to 2024

U.S. Industrial Boiler Market has gained popularity over the past years due to stringent environmental norms towards eliminating carbon footprints and harmful pollutant emissions. Shifting focus of industrialists towards curtailing the use of fossil fuel-based plants will stimulate the U.S. industrial boiler industry. Moreover, rising clean-energy fuel demand coupled with favorable government initiatives in the region will push the industry growth.

Fluctuating fuel prices over the past few years has triggered the demand for high efficiency boilers, which ensure significant reduction of fuel costs. Fuel accounts for 80% of the total operational cost in boilers. These high efficient boilers will drastically cut down the expenditures on fuel cost which will boost their adoption across the globe. High costs of fuel will encourage the replacement of old boilers with advanced ones driving the U.S. industrial boiler industry revenue.

The most lucrative industry contributing significantly to the U.S. industrial boiler market is the chemical industry, owing to the rising chemical production. The statistical study conducted by the American Chemical Council stated that the chemical production will witness a surge by 1.6% in 2016 and 3.7% in 2017. Furthermore, the increasing demand from the food processing and paper industry is also poised to benefit the U.S. industrial market share.

Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/832

Below are the key highlights pertaining to the U.S. industrial boiler applications:
The chemical application is estimated to be the largest revenue generator for the U.S. industrial boiler industry and is predicted to beat USD 150 million by 2024. Favorable government initiative to reduce environmental hazards will augment the U.S. industrial boiler market growth in chemical sector.
Paper application is projected to exhibit an annual growth rate of 3%, owing to favorable demand from shale gas, dyes and cosmetics industry.
Food industry is estimated to be the third most lucrative sector favoring U.S. industrial boiler market revenue. It has contributed over 27% of the total revenue for 2015.

Refinery and metal industry will bring a huge set of opportunities for U.S industrial boiler business space. Growing demand for refinery products and steel consumption will influence the U.S. industrial boiler market growth in the coming seven years.

U.S. industrial boiler industry is further categorized based on its capacity (< 10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, and >250 MMBtu/hr). This segmentation of capacity finds application as per the need of power generation, such as extensive capacity boilers for refining industry and limited capacity boilers for the food processing industry. The U.S. industrial boiler market share was dominated by the boiler having capacity < 10MMBtu/hr which are mostly preferred by chemical and food industry.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/832

The escalating gains and constructive growth of the paper industry has led Alabama industrial boiler market revenue to surpass USD 10 million by 2024.
The growth in chemical and food processing industries has led Ohio industrial boiler market size to witness 2% industry expansion.

With increasing focus on new technologies, the market players will invest more in R&D and accentuate on offering advanced products with higher heat transfer rates and lower fouling. Leading key companies operating in the U.S. industrial boiler market include Hurst & Welding Company, Inc., Clayton Industries, Unilux Advanced Manufacturing, Parker Company, Acme Engineering Prod. Ltd., Vapor Power International, Hurst & Welding Company, Inc., Superior Works, Inc., Bryan Steam LLC., Cleaver-Brooks, Inc, etc.

Browse Related Report
Global Residential Boiler Market Size By Technology (Condensing, Non-Condensing), By Product (Fire-tube, Water-tube), By Fuel (Natural Gas, Oil, Coal) Analysis Report, Regional Outlook (U.S., Canada, Mexico, France, UK, Poland, Italy, Spain, Austria, Germany, Sweden, Russia, China, India, Philippines, Japan, South Korea, Australia, Indonesia, Saudi Arabia, Iran, UAE, Nigeria, South Africa, Argentina, Chile, Brazil), Competitive Market Analysis & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/residential-boiler-market

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

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
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com

This release was published on openPR.