North America Industrial Boiler Market

1
North America Industrial Boiler Market Trends
Research Projections For 2022- 2028
2
Industry Overview

• The North America industrial boiler market is
  slated to register lucrative expansion by 2028
  owing to increased acceptance from industries.
  Additionally, surging adoption of new smart
  boiler technology for operations, coupled with
  government regulations to curb toxic emissions,
  is anticipated to further drive market demand
  through the forecast period.
• Industrial boilers are renowned for their massive
  heat production and energy efficiency that are
  vital for production processes. Rising usage in
  small industries due to augmented consumer
  awareness towards the adoption of efficient
  heating systems has been favorable for the growth
  of the North America industrial boiler market.
• Notably, mounting need to replace old boilers
  with technologically advanced, modern, and energy
  efficient boilers has also played a crucial role
  in business growth. Recently, companies in the
  sector have been formulating lucrative strategies
  to gain a stronger foothold in the global
  industry, thereby enhancing North America
  industrial boiler market dynamics.
• For instance, in January 2020, Miura America, a
  major industrial boiler manufacturer, teamed up
  with insurance firm Hartford Steam Boiler and
  Armstrong International, a key financial services
  company, to deliver Steam-as-a-Service to the
  industry in order to resolve the challenges faced
  by steam users like declining workforce
  expertise, capital funding, and subpar system
  efficiencies.

3
Continue

• In another instance, in January 2020, Babcock
  Wilcox Construction Co., a subsidiary of energy
  and technologies specialist Babcock and Wilcox
  Enterprise, was given a contract for more than
  USD 5 million for the installation of retrofit
  boiler equipment at a coal-fired power plant in
  the United States.
• The North America industrial boiler market has
  been bifurcated on the basis of fuel, capacity,
  technology, product, application and country. In
  terms of fuel, the market has been classified
  into natural gas, oil, and coal. Out of these,
  coal fired commercial boilers accounted for a
  revenue of more than USD 110 million in 2021 and
  are projected to grow at a robust pace over
  2022-2028.
• With reference to capacity, the North America
  industrial boiler market has been divided into lt
  10 MMBtu/hr, 10 - 25 MMBtu/hr, 25 - 50 MMBtu/hr,
  50 - 75 MMBtu/hr, 75 - 100 MMBtu/hr, 100 - 175
  MMBtu/hr, 175 - 250 MMBtu/hr, and gt 250 MMBtu/hr.
  The 10 - 25 MMBtu/hr segment is likely to exhibit
  substantial growth through the review timeline
  owing to ongoing replacement of conventional
  heating systems with energy-efficient boilers.
• The 25 - 50 MMBtu/hr segment is poised to reach a
  sizable valuation by 2028 driven by changing
  demographics, increasing population, and
  improvement in living standards.

4

Browse Full Market Research Report Of North
America Industrial Boiler Market _at_
https//www.gminsights.com/industry-analysis/north
-america-industrial-boiler-market Inquiry
Before Buying_at_ https//www.gminsights.com/inquiry-
before-buying/5240 Request for a Sample of
this Research report _at_ https//www.gminsights.com/
request-sample/detail/5240
5
North America Industrial Boiler Market

6
Stay In Touch Website www.gminsights.com Soci
al Media