Title: North America Industrial Boiler Market PPT
1North America Industrial Boiler Market Trends
Research Projections For 2022- 2028
2Industry 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.
3Continue
- 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.
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