United States Industrial Boiler Market Growth Analysis - Forecast Trends and Outlook (2025-2034)

The United States industrial boiler market is expected to grow at a CAGR of 3.00% in the forecast period of 2025-2034.

Increasing Demand for Biomass-Fuelled Boilers to Bolster the Growth of the United States Industrial Boiler Industry

Based on fuel, the biomass segment is likely to account for a significant share in the market, owing to the stringent guidelines of the US government pertaining to CO2 emissions. Biomass is comparatively safe and releases less harmful gases into the atmosphere. Therefore, it is witnessing increased demand in various application sectors. Meanwhile, the oil and gas segment is likely to witness a steady growth over the forecast period. This can be attributed to the low prices of oil and gas as compared to other fuel types.

Rising demand for Small Boilers to Propel the Industrial Boiler Industry Growth in the United States

On the basis of capacity, small boilers accounted for a significant share in the market and are anticipated to witness an increased demand over the forecast period. This can be attributed to the ease of cleaning these boilers, especially from the water steam side. Over the forecast period, the rising demand for small boilers to generate steam in small quantities for stand-by operations in the food and beverage and metal and mining industry is likely to provide an impetus to the market growth. Meanwhile, high-capacity boilers are expected to attain a considerable growth, owing to the rising demand in the petroleum industry to generate steam in large quantities. In the petroleum industry, high-capacity industrial boilers are used for operations, such as heating, fractionation, stripping, quenching, dilution, and pressure control.

Increased Presence of Major Manufacturers in the United States to Augment the Market Growth

The presence of major manufacturers such as Fulton Boiler Works, Inc., Babcock & Wilcox Enterprises Inc., and Hurst Boiler & Welding Company, Inc. in cities like New York, Ohio, and Georgia, respectively, is likely to propel the market growth in the region. These cities are likely to witness a strong demand for small, medium, and large sized boilers, owing to the rapid industrialisation and urbanisation in the areas.

Industrial Boiler: Market Segmentation

Industrial boiler is defined as a closed vessel that uses a fuel source or electricity to heat water or generate steam for industrial heating and humidification applications. Industrial boilers produce steam for the generation of mechanical power and electricity.

Based on fuel, the market is divided into:

• Biomass
• Oil and Gas
• Fossil
• Others

On the basis of boiler type, the market can be segmented into:

• Fire Tube
• Water Tube
• Others

Based on capacity, the market is divided into:

• Small
• Medium
• High

The various applications of the product include:

• Food Processing
• Pulp and Paper
• Chemical
• Refining
• Metal and Mining
• Others

Thriving Food Processing Industry in the United States to Boost the Growth of the Industrial Boiler Industry

The industrial boiler market in the United States of America is driven by the rapidly growing food processing industry in the region. The growth of the food processing industry can be attributed to the presence of advanced technology, high disposable income, and growing population in the US. Over the forecast period, the country is anticipated to witness a significant demand for meat and snack products and convenience and packaged foods, which, in turn, is expected to enhance the demand for industrial boilers in the food processing sector. Moreover, the market is expected to be aided by the growing product applications in the pulp and paper industry, thus, further bolstering the regional market growth. In addition, the increasing demand for biomass-fuelled industrial boilers is expected to positively impact the industry growth in the forecast period.

Key Industry Players in the United States Industrial Boiler Market

The report gives a detailed analysis of the following key players in the United States industrial boiler market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Fulton Boiler Works, Inc.
• Babcock & Wilcox Enterprises Inc.
• Hurst Boiler & Welding Company, Inc.
• Miura America Co., Ltd.
• Mitsubishi Heavy Industries, Ltd.
• Clayton Industries
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.