Product Code: GVR-4-68039-048-0
U.S. Industrial Boiler Market Growth & Trends:
The U.S. industrial boiler market size is expected to reach USD 1.59 billion in 2030 and is projected to grow at a CAGR of 3.4% from 2025 to 2030 Technological advancements and decreasing industrial boiler prices have led to increased adoption in the manufacturing sector driving demand.
The packaging segment is growing at a significant pace along with the market for pulp for hygiene products and tissues in the U.S. The demand for pulp in the textile industry is anticipated to register result in steady growth in the equipment used for the pulp and paper industry, driving the demand.
Steel has very high tensile strength along with the ability to withstand high temperatures and pressure, which makes it durable and long-lasting. Besides, maintaining and cleaning steel boilerplates is easier since they allow manufacturers to add an extra layer of protective coating, thereby increasing the durability of boilerplates.
Suppliers in the market are focusing on offering the right-quality industrial boilers and services at a suitable price with the required specifications as per the convenience of customers. Supplier selection is measured as a multiple criteria decision-making problem, which is affected by numerous conflicting factors such as quality, cost, and delivery.
U.S. Industrial Boiler Market Report Highlights:
- The oil and gas segment dominated the type of fuel used for industrial boilers and accounted for 64.9% of the overall revenue share in 2024 owing to high availability and low cost compared to other types of fuel used for industrial boilers
- The small capacity segment led the market and accounted for the largest revenue share of 38.2% in 2024. As small boilers are ideal for stand-by operations requiring small amounts of steam during off-season periods
- The food and beverage segment is expected to witness significant growth during the forecast period of 2025 to 2030 owing to the increasing demand in microbreweries, food processing, and beverage manufacturing facilities
- The chemical & petrochemical segment accounted for 36.5% of the overall revenue in 2024 owing to the need for high volume steam for several processes and increasing chemicals production across the country
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. U.S. Industrial Boiler Market Variables, Trends & Scope
- 3.1. U.S. Industrial Boiler Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Fuel Overview
- 3.4. Average Price Trend Analysis
- 3.5. Supply-Demand GAP Analysis, 2024
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Porter's Five Forces Analysis
- 3.8.1. Supplier Power
- 3.8.2. Buyer Power
- 3.8.3. Substitution Threat
- 3.8.4. Threat from New Entrant
- 3.8.5. Competitive Rivalry
- 3.9. PESTEL Analysis
- 3.9.1. Political Landscape
- 3.9.2. Economic Landscape
- 3.9.3. Social Landscape
- 3.9.4. Technological Landscape
- 3.9.5. Environmental Landscape
- 3.9.6. Legal Landscape
Chapter 4. U.S. Industrial Boiler Market: Fuel Outlook Estimates & Forecasts
- 4.1. U.S. Industrial Boiler Market: Fuel Movement Analysis, 2024 & 2030
- 4.1.1. Oil & Gas
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.2. Fossil
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.3. Non Fossil
- 4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.4. Biomass
- 4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 5. U.S. Industrial Boiler Market: Capacity Outlook Estimates & Forecasts
- 5.1. U.S. Industrial Boiler Market: Capacity Movement Analysis, 2024 & 2030
- 5.1.1. Small
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2. Medium
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.3. Large
- 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. U.S. Industrial Boiler Market: Application Outlook Estimates & Forecasts
- 6.1. U.S. Industrial Boiler Market: Application Movement Analysis, 2024 & 2030
- 6.1.1. Chemicals & Petrochemicals
- 6.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.1.2. Paper & Pulp
- 6.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.1.3. Food & Beverages
- 6.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.1.4. Metals & Minings
- 6.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.1.5. Others
- 6.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and Channel Partners
- 7.2.3. List of Potential Customers/End Users
- 7.3. Competitive Dynamics
- 7.3.1. Competitive Benchmarking
- 7.3.2. Strategy Mapping
- 7.3.3. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Babcock & Wilcox Enterprises, Inc.
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Capacity Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. Mitsubishi Heavy Industries, Ltd.
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Capacity Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. IHI Corporation
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Capacity Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Forbes Marshall
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Capacity Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. Daikin Industries Ltd.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Capacity Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. Hurst Boiler & Welding Company, Inc.
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Capacity Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. Powermaster
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Capacity Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. Rentech Boilers
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Capacity Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. Sioux Corporation
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Capacity Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. Superior Boiler Works
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Capacity Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.11. The Fulton Companies
- 7.4.11.1. Participant's Overview
- 7.4.11.2. Financial Performance
- 7.4.11.3. Capacity Benchmarking
- 7.4.11.4. Strategic Initiatives
- 7.4.12. Unilux Advanced Manufacturing
- 7.4.12.1. Participant's Overview
- 7.4.12.2. Financial Performance
- 7.4.12.3. Capacity Benchmarking
- 7.4.12.4. Strategic Initiatives
- 7.4.13. Vapor Power International
- 7.4.13.1. Participant's Overview
- 7.4.13.2. Financial Performance
- 7.4.13.3. Capacity Benchmarking
- 7.4.13.4. Strategic Initiatives
- 7.4.14. Victory Energy Operations
- 7.4.14.1. Participant's Overview
- 7.4.14.2. Financial Performance
- 7.4.14.3. Capacity Benchmarking
- 7.4.14.4. Strategic Initiatives