North America Industrial Boiler Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
North America Industrial Boiler Market size will expand at 4.4% CAGR from 2024 to 2032, driven by a surge in new product launches. To cater to the escalating demands in sectors like manufacturing and energy, new models boasting advanced features and heightened efficiency are being rolled out. These innovations aim to deliver more dependable heating solutions, bolstering operational performance and energy management. For example, in August 2022, Babcock Wanson unveiled its high-efficiency industrial electric boilers, tailored for the rising demand for sustainable heating in industrial settings.
The market is segregated into product, capacity, application, technology, fuel, and country.
In terms of fuel, the coal segment in the North America industrial boiler industry is set to experience growth at a commendable rate through 2032, fueled by its reliability and cost-effectiveness as an energy source. Coal is pivotal in generating the intense heat many industrial processes demand. Moreover, coal-fired industrial boilers are undergoing optimizations to boost combustion efficiency and curtail emissions to address both environmental and operational challenges.
By product, the North America industrial boiler market value from the fire-tube segment is projected to rise from 2024 to 2032. This growth is driven by the increasing demand for robust and efficient heating solutions. Fire-tube boilers, characterized by their design where hot gases traverse through a series of tubes to heat the surrounding water or fluid, are favored for their simplicity, reliability, and capacity to manage substantial volumes of steam or hot water. Recent advancements in materials and engineering are further amplifying product efficiency and longevity.
Canada industrial boiler industry size is projected to depict immense growth between 2024 and 2032, driven by stringent regulatory compliance mandates. This regulatory emphasis is catalyzing the evolution and adoption of advanced boiler technologies, ensuring that they meet contemporary environmental and safety benchmarks. As regulations evolve, Canada's focus on regulatory compliance is not just about meeting current standards but is also paving the way for future-ready, sustainable, and efficient industrial boiler solutions that align with broader environmental objectives.
- Chapter 1 Methodology and Scope
- 1.1 Market scope and definitions
- 1.2 Market estimates and forecast parameters
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls and challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
- Chapter 4 Competitive Landscape, 2024
- 4.1 Strategic outlook
- 4.2 Innovation and sustainability landscape
- Chapter 5 Market Size and Forecast, By Product (USD Million, MMBTU/hr and Units)
- 5.1 Key trends
- 5.2 Fire-tube
- 5.2.1 By capacity
- 5.2.1.1< 10 MMBtu/hr
- 5.2.1.2 10 - 25 MMBtu/hr
- 5.2.1.3 25 - 50 MMBtu/hr
- 5.2.1.4 50 - 75 MMBtu/hr
- 5.2.1.5 75 - 100 MMBtu/hr
- 5.2.1.6 100 - 175 MMBtu/hr
- 5.2.1.7 175 - 250 MMBtu/hr
- 5.2.1.8 > 250 MMBtu/hr
- 5.2.2 By application
- 5.2.2.1 Food processing
- 5.2.2.2 Pulp and paper
- 5.2.2.3 Chemical
- 5.2.2.4 Refinery
- 5.2.2.5 Primary metal
- 5.2.2.6 Others
- 5.2.3 By technology
- 5.2.3.1 Condensing
- 5.2.3.2 Non-condensing
- 5.2.4 By fuel
- 5.2.4.1 Natural gas
- 5.2.4.2 Oil
- 5.2.4.3 Coal
- 5.2.4.4 Others
- 5.3 Water-tube
- 5.3.1 By capacity
- 5.3.1.1< 10 MMBtu/hr
- 5.3.1.2 10 - 25 MMBtu/hr
- 5.3.1.3 25 - 50 MMBtu/hr
- 5.3.1.4 50 - 75 MMBtu/hr
- 5.3.1.5 75 - 100 MMBtu/hr
- 5.3.1.6 100 - 175 MMBtu/hr
- 5.3.1.7 175 - 250 MMBtu/hr
- 5.3.1.8 > 250 MMBtu/hr
- 5.3.2 By application
- 5.3.2.1 Food processing
- 5.3.2.2 Pulp and paper
- 5.3.2.3 Chemical
- 5.3.2.4 Refinery
- 5.3.2.5 Primary metal
- 5.3.2.6 Others
- 5.3.3 By technology
- 5.3.3.1 Condensing
- 5.3.3.2 Non-condensing
- 5.3.4 By fuel
- 5.3.4.1 Natural gas
- 5.3.4.2 Oil
- 5.3.4.3 Coal
- 5.3.4.4 Others
- Chapter 6 Market Size and Forecast, By Capacity (USD Million, MMBTU/hr and Units)
- 6.1 Key trends
- 6.2< 10 MMBtu/hr
- 6.3 10 - 25 MMBtu/hr
- 6.4 25 - 50 MMBtu/hr
- 6.5 50 - 75 MMBtu/hr
- 6.6 75 - 100 MMBtu/hr
- 6.7 100 - 175 MMBtu/hr
- 6.8 175 - 250 MMBtu/hr
- 6.9 > 250 MMBtu/hr
- Chapter 7 Market Size and Forecast, By Application (USD Million, MMBTU/hr and Units)
- 7.1 Key trends
- 7.2 Food processing
- 7.3 Pulp and paper
- 7.4 Chemical
- 7.5 Refinery
- 7.6 Primary metal
- 7.7 Others
- Chapter 8 Market Size and Forecast, By Fuel (USD Million, MMBTU/hr and Units)
- 8.1 Key trends
- 8.2 Natural gas
- 8.3 Oil
- 8.4 Coal
- 8.5 Others
- Chapter 9 Market Size and Forecast, By Technology (USD Million, MMBTU/hr and Units)
- 9.1 Key trends
- 9.2 Condensing
- 9.3 Non-condensing
- Chapter 10 Market Size and Forecast, By Region (USD Million, MMBTU/hr and Units)
- 10.1 Key trends
- 10.2 U.S.
- 10.3 Canada
- 10.4 Mexico
- Chapter 11 Company Profiles
- 11.1 AERCO
- 11.2 Babcock and Wilcox Enterprises, Inc.
- 11.3 Burnham Commercial Boilers
- 11.4 Clayton Industries
- 11.5 Cleaver-Brooks
- 11.6 Doosan Corporation
- 11.7 Groupe Atlantic
- 11.8 Hurst Boiler and Welding Co, Inc.
- 11.9 IHI Corporation
- 11.10 John Cockerill
- 11.11 John Wood Group PLC
- 11.12 Mitsubishi Heavy Industries, Ltd.
- 11.13 Miura America Co., Ltd.
- 11.14 Rentech Boiler Systems, Inc.
- 11.15 Sofinter S.p.a
- 11.16 The Fulton Companies
- 11.17 Thermax Limited
- 11.18 VIESSMANN
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