The U.S. boiler market is estimated to witness robust growth by 2028 owing to surging product demand across diverse applications in the region.
Boilers are machines that produce warm air, hot water, and heated steam for utilization in domestic, commercial, industrial, and residential settings. Moreover, increasing availability of cost- and energy-efficient boilers has been favorable for product adoption across varied industry verticals.
The U.S. boiler market has been segmented based on fuel, capacity, product, technology, application, and region. On the basis of fuel, the market has further been divided into oil, natural gas, and coal. The coal fuel segment was valued at over USD 1 billion in 2020 and is projected to register sizable growth through 2028.
In terms of capacity, the U.S. boiler market has been categorized into 0.3 - 2.5 MMBtu/hr, 10 - 50 MMBtu/hr, 2.5 - 10 MMBtu/hr, 100 - 250 MMBtu/hr, 50 - 100 MMBtu/hr, and > 250 MMBtu/hr. The 100 - 250 MMBtu/hr capacity segment is projected to grow at over 5% CAGR through the analysis period to reach a notable valuation by the end of 2028.
The 0.3 - 2.5 MMBtu/hr capacity segment holds a considerable revenue share in the market and is anticipated to expand at a steady CAGR over the assessment timeframe. Introduction of favorable mandates and policies pertaining to tax incentives and rebates is set to accelerate segmental penetration in the following years.
From the application perspective, the U.S. boiler market has been segregated into commercial and industrial. The commercial application segment has further been divided into office, retail, lodgings, education, healthcare, public assembly, and warehouse & storage.
The warehouse & storage commercial application segment is foreseen to register significant revenue growth by 2028, progressing at a solid CAGR through the review period. Prevalent infrastructural expansion is slated to drive segmental growth in the coming years.
The public assembly commercial application segment is expected to grow at a substantial pace over the study timeframe. Growing deployment of cost-effective systems to meet water heating & storage needs is likely to stimulate segmental outlook through 2028.
In the regional landscape, the U.S. boiler market spans East North Central, North East, West South Central, South Atlantic, Pacific States, West North Central, East South Central, and Mountain States. The East South Central boiler market is estimated to witness optimistic growth at a solid CAGR through the forecast period. Stringent government regulations to limit carbon emissions is foreseen to support the regional business landscape in the future.
The West North Central boilers market is slated to amass profitable gains by the end of 2028. Positive outlook towards chemical and food processing industries is likely to enhance regional market dynamics in the upcoming years.
The Mountain States boiler market is anticipated to attain a major share in the overall industry revenue by the end of 2028. Flourishing domestic real estate sector, coupled with large scale urbanization, is speculated to bolster product demand in the region through the forecast timeline.