The U.S. industrial boiler market is estimated to witness robust growth through 2028 due to prevalent product demand in the region.
The industrial and commercial sectors in the U.S. consume massive quantities of energy. Notably, a major portion of this energy is utilized in boilers to generate steam and hot water for operations, which has bolstered product uptake in the region in recent years.
The U.S. industrial boiler market has been segmented in terms of fuel, capacity, technology, application, and region. Based on capacity, the market has further been categorized into 2.5-10 MMBtu/hr, 0.3-2.5 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, 10-50 MMBtu/hr, and >250 MMBtu/hr.
The 0.3-2.5 MMBtu/hr sub-segment is expected to see substantial expansion through 2028, expanding at a sizable CAGR through the review period. Rising awareness pertaining to climate change and technological advancements are boosting the demand for these units in residential applications, which is set to fuel segmental development in the coming years.
The U.S. industrial boiler market from the 10-50 MMBtu/hr sub-segment is slated to observe notable revenue growth by 2028. These units offer better pressure flow and automation, which is projected to drive segmental uptake in the forthcoming years. The 50-100 MMBtu/hr sub-segment is anticipated to grow at a sturdy rate through the assessment timeframe. Large-scale utilization of process steam and flexibility in operation is likely to fuel 50-100 MMBtu/hr capacity boiler adoption over the following years.
From the application perspective, the U.S. industrial boiler market has been segregated into pulp & paper, food processing, refining, chemical, and primary metal. The food processing sub-segment is calculated to progress at a robust pace through the analysis period. Higher consumer purchase capacity and opening of export routes are foreseen to boost the demand for industrial boilers across food processing applications in the upcoming years.
The refining sub-segment is expected to register a solid CAGR through the study timeline to reach a significant valuation by 2028. Stable commodity prices and increased focus on the expansion of refineries are speculated to support segmental development.
By region, the U.S. industrial boiler market spans the geographies of East North Central, West South Central, North East, South Atlantic, East South Central, Pacific States, West North Central, and Mountain States. The East North Central industrial boiler market is speculated to see significant growth by 2028 driven by greater access to advanced technology and industrial growth in the region.
The South Atlantic industrial boiler market holds a sizable share in the market revenue and is calculated to grow at a steady pace through 2028. Better port connectivity and natural gas pipeline in the region are likely to aid product penetration in the coming years.
The Pacific States industrial boiler market is projected to amass considerable gains by 2028 owing to harsh winters across the region. Meanwhile, the Mountain States industrial boiler industry contributes to a notable revenue share in the market and is estimated to garner a substantial valuation by the end of the forecast period. Better fuel availability and increasing population are slated to foster regional market outlook in the future.