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Market Research Report

U.S. Industrial Boiler Market Size, Share & Trends Analysis Report By Fuel (Fossil, Oil & Gas, Biomass), By Capacity, By End-use (Chemicals & Petrochemicals, Metals & Mining), And Segment Forecasts, 2020 - 2027

Published by Grand View Research, Inc. Product code 963151
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U.S. Industrial Boiler Market Size, Share & Trends Analysis Report By Fuel (Fossil, Oil & Gas, Biomass), By Capacity, By End-use (Chemicals & Petrochemicals, Metals & Mining), And Segment Forecasts, 2020 - 2027
Published: September 17, 2020 Content info: 73 Pages
Description

U.S. Industrial Boiler Market Growth & Trends

The U.S. industrial boilers market size is anticipated to reach USD 1.54 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 2.8% from 2020 to 2027. Technological advancements and decreasing industrial boiler prices have led to increased adoption in the manufacturing sector driving demand.

The packaging segment is growing at a significant pace along with the market for pulp for hygiene products and tissues in the U.S. The demand for pulp in the textile industry is anticipated to register result in steady growth in the equipment used for the pulp and paper industry, driving the demand.

Steel has very high tensile strength along with the ability to withstand high temperatures and pressure, which makes it durable and long-lasting. Besides, maintaining and cleaning steel boilerplates is easier since they allow manufacturers to add an extra layer of protective coating, thereby increasing the durability of boilerplates.

Suppliers in the market are focusing on offering the right-quality industrial boilers and services at a suitable price with the required specifications as per the convenience of customers. Supplier selection is measured as a multiple criteria decision-making problem, which is affected by numerous conflicting factors such as quality, cost, and delivery.

U.S. Industrial Boiler Market Report Highlights

The oil and gas segment dominated the type of fuel used for industrial boilers and accounted for 65.1% of the overall revenue share in 2019 owing to high availability and low cost compared to other types of fuel used for industrial boilers

The small boilers segment accounted for 38.8% of the total revenue share in 2019 and is expected to continue the dominance over the forecast period as small boilers are ideal for stand-by operations requiring small amounts of steam during off-season periods

The food and beverage segment is expected to witness a CAGR of 3.4% over the forecast period of 2020 to 2027 owing to the increasing demand in microbreweries, food processing, and beverage manufacturing facilities

The chemical & petrochemical segment accounted for 36.6% of the overall revenue in 2019 owing to the need for high volume steam for several processes and increasing chemicals production across the country

In September 2019, John Zink Hamworthy Combustion (JZHC) and The Babcock & Wilcox Company signed a partnership agreement for pairing the former's Coen burners with Babcock & Wilcox Company's water-tube package boilers

Table of Contents
Product Code: GVR-4-68039-048-0

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Research Methodology
  • 1.2 Research Scope and Assumptions
  • 1.3 Market Segmentation & Scope
  • 1.4 Market Definition
  • 1.5 Information Procurement
    • 1.5.1 Purchased Database
    • 1.5.2 GVR's Internal Database
    • 1.5.3 Secondary Sources
    • 1.5.4 Third-party Perspective
    • 1.5.5 Primary Research
  • 1.6 Information Analysis
    • 1.6.1 Data Analysis Models
  • 1.7 Market Formulation & Data Visualization
  • 1.8 List to Data Sources

Chapter 2 Executive Summary

  • 2.1 Market Outlook
  • 2.2 Segmental Outlook
  • 2.3 Competitive Insights

Chapter 3 Market Variables, Trends & Scope

  • 3.1 Penetration & Growth Prospect Mapping
  • 3.2 Industry Value Chain Analysis
    • 3.2.1 Sales Channel Analysis
    • 3.2.2 Vendor Selection Criteria
      • 3.2.2.1 Years of Experience
      • 3.2.2.2 Staff
      • 3.2.2.3 Certifications
      • 3.2.2.4 Partnerships and Affiliations
      • 3.2.2.5 Turnaround Time
      • 3.2.2.6 Industry Knowledge
      • 3.2.2.7 Reputation
      • 3.2.2.8 Locations
      • 3.2.2.9 Quality Control
  • 3.3 Regulatory Framework
  • 3.4 Market Dynamics
    • 3.4.1 Market Driver Analysis
      • 3.4.1.1 Rising demand for boilers in the refineries, petrochemical plants, and pulp & paper industries in the U.S.
      • 3.4.1.2 Technological advancements and declining steel prices are expected to surge market growth over the coming years
    • 3.4.2 Market Restraint Analysis
      • 3.4.2.1 Complex manufacturing process
    • 3.4.3 Industry Challenges
      • 3.4.3.1 Flue gas and greenhouse emission
  • 3.5 Business Environment Analysis: U.S. Industrial Boilers Market
    • 3.5.1 Industry Analysis - Porter's
      • 3.5.1.1 Supplier Power
      • 3.5.1.2 Buyer Power
      • 3.5.1.3 Substitution Threat
      • 3.5.1.4 Threat OF New Entrants
      • 3.5.1.5 Competitive Rivalry
    • 3.5.2 PESTEL Analysis
      • 3.5.2.1 Political Landscape
      • 3.5.2.2 Environmental Landscape
      • 3.5.2.3 Social Landscape
      • 3.5.2.4 Technological Landscape
      • 3.5.2.5 Economic Landscape
      • 3.5.2.6 Legal Landscape

Chapter 4 COVID-19 Impact Analysis

Chapter 5 U.S. Industrial Boilers Market: Capacity Estimates & Trend Analysis

  • 5.1 U.S. Industrial Boilers Market: Capacity Movement Analysis, 2019 & 2027
  • 5.2 Small
    • 5.2.1 U.S. small Capacity Industrial Boilers market estimates and forecasts, 2016 - 2027 (USD Million)
  • 5.3 Medium
    • 5.3.1 U.S. medium Capacity Industrial Boilers market estimates and forecasts, 2016 - 2027 (USD Million)
  • 5.4 Large
    • 5.4.1 U.S. large Capacity Industrial Boilers market estimates and forecasts, 2016 - 2027 (USD Million)

Chapter 6 U.S. Industrial Boilers Market: Fuel Type Estimates & Trend Analysis

  • 6.1 U.S. Industrial Boilers Market: Fuel Type Movement Analysis, 2019 & 2027
  • 6.2 Oil & Gas
    • 6.2.1 U.S. Industrial Boilers market estimates and forecasts, by Oil & Gas, 2016 - 2027 (USD Million)
  • 6.3 Fossil
    • 6.3.1 U.S. Industrial Boilers market estimates and forecasts, by fossil, 2016 - 2027 (USD Million)
  • 6.4 Non-Fossil
    • 6.4.1 U.S. Industrial Boilers market estimates and forecasts, by non-fossil, 2016 - 2027 (USD Million)
  • 6.5 Biomass
    • 6.5.1 U.S. Industrial Boilers market estimates and forecasts, by biomass, 2016 - 2027 (USD Million)

Chapter 7 U.S. Industrial Boilers Market: Application Estimates & Trend Analysis

  • 7.1 U.S. Industrial Boilers Market: Application Movement Analysis, 2019 & 2027
  • 7.2 Chemicals & Petrochemicals
    • 7.2.1 U.S. Industrial Boilers market estimates and forecasts, in Chemicals & Petrochemicals, 2016 - 2027 (USD Million)
    • 7.2.2 U.S. Industrial Boilers market estimates and forecasts, in Chemicals & Petrochemicals By Capacity, 2016 - 2027 (USD Million)
  • 7.3 Paper & Pulp
    • 7.3.1 U.S. Industrial Boilers market estimates and forecasts, in paper & pulp, 2016 - 2027 (USD Million)
    • 7.3.2 U.S. Industrial Boilers market estimates and forecasts, in paper & pulp By Capacity, 2016 - 2027 (USD Million)
  • 7.4 Food & Beverages
    • 7.4.1 U.S. Industrial Boilers market estimates and forecasts, in Food & Beverages, 2016 - 2027 (USD Million)
    • 7.4.2 U.S. Industrial Boilers market estimates and forecasts, in food & beverages By Capacity, 2016 - 2027 (USD Million)
  • 7.5 Metals & Mining
    • 7.5.1 U.S. Industrial Boilers market estimates and forecasts, in Metals & Mining, 2016 - 2027 (USD Million)
    • 7.5.2 U.S. Industrial Boilers market estimates and forecasts, in metals & mining By Capacity, 2016 - 2027 (USD Million)
  • 7.6 Others
    • 7.6.1 U.S. Industrial Boilers market estimates and forecasts, in Others, 2016 - 2027 (USD Million)
    • 7.6.2 U.S. Industrial Boilers market estimates and forecasts, in others By Capacity, 2016 - 2027 (USD Million)

Chapter 8 Competitive Analysis

  • 8.1 Key Players & Recent Developments & Their Impact on The Industry
  • 8.2 Participant Categorization
  • 8.3 Vendor Landscape
    • 8.3.1 List of Manufacturers
  • 8.4 Company Market Position Analysis
  • 8.5 Company Dashboard Analysis
  • 8.6 List of key private companies

Chapter 9 Company Profiles

  • 9.1 IHI Corporation
    • 9.1.1 Company overview
    • 9.1.2 Financial Performance
    • 9.1.3 Product benchmarking
  • 9.2 Babcock & Wilcox Enterprises, Inc.
    • 9.2.1 Company overview
    • 9.2.2 Financial Performance
    • 9.2.3 Product benchmarking
    • 9.2.4 Strategic Initiatives
  • 9.3 Mitsubishi Heavy Industries, Ltd.
    • 9.3.1 Company overview
    • 9.3.2 Financial Performance
    • 9.3.3 Product benchmarking
    • 9.3.4 Strategic Initiatives
  • 9.4 Forbes Marshall
    • 9.4.1 Company overview
    • 9.4.2 Product benchmarking
  • 9.5 Parker Boiler
    • 9.5.1 Company overview
    • 9.5.2 Product benchmarking
  • 9.6 Hurst Boiler & Welding Co, Inc.
    • 9.6.1 Company overview
    • 9.6.2 Product benchmarking
  • 9.7 Sofinter S.p.A.
    • 9.7.1 Company overview
    • 9.7.2 Product benchmarking
  • 9.8 Indeck Power Equipment Company
    • 9.8.1 Company overview
    • 9.8.2 Product benchmarking
  • 9.9 Fulton Boiler Works, Inc.
    • 9.9.1 Company overview
    • 9.9.2 Product benchmarking
  • 9.10 Clayton Industries
    • 9.10.1 Company overview
    • 9.10.2 Product benchmarking

List of Tables

  • Table 1 Planned U.S. Refinery Upgrades
  • Table 2 Newest refineries currently operating in the United States
  • Table 3 Industrial production and capacity utilization
  • Table 4 U.S. small capacity industrial boilers market estimates and forecasts, 2016 - 2027 (USD Million)
  • Table 5 U.S. medium capacity industrial boilers market estimates and forecasts, 2016 - 2027 (USD Million)
  • Table 6 U.S. large capacity industrial boilers market estimates and forecasts, 2016 - 2027 (USD Million)
  • Table 7 U.S. industrial boilers market estimates and forecasts, by oil & gas, 2016 - 2027 (USD Million)
  • Table 8 U.S. industrial boilers market estimates and forecasts, by fossil, 2016 - 2027 (USD Million)
  • Table 9 U.S. industrial boilers market estimates and forecasts, by non-fossil, 2016 - 2027 (USD Million)
  • Table 10 U.S. industrial boilers market estimates and forecasts, by biomass, 2016 - 2027 (USD Million)
  • Table 11 U.S. industrial boilers market estimates and forecasts, in chemicals & petrochemicals, 2016 - 2027 (USD Million)
  • Table 12 U.S. industrial boilers market estimates and forecasts, in chemicals & petrochemicals by capacity, 2016 - 2027 (USD Million)
  • Table 13 U.S. industrial boilers market estimates and forecasts, in paper & pulp, 2016 - 2027 (USD Million)
  • Table 14 U.S. industrial boilers market estimates and forecasts, in paper & pulp by capacity, 2016 - 2027 (USD Million)
  • Table 15 U.S. industrial boilers market estimates and forecasts, in food & beverages, 2016 - 2027 (USD Million)
  • Table 16 U.S. industrial boilers market estimates and forecasts, in food & beverages by capacity, 2016 - 2027 (USD Million)
  • Table 17 U.S. industrial boilers market estimates and forecasts, in metals & mining, 2016 - 2027 (USD Million)
  • Table 18 U.S. industrial boilers market estimates and forecasts, in metals & mining by capacity, 2016 - 2027 (USD Million)
  • Table 19 U.S. industrial boilers market estimates and forecasts, in others, 2016 - 2027 (USD Million)
  • Table 20 U.S. industrial boilers market estimates and forecasts, in others by capacity, 2016 - 2027 (USD Million)

List of Figures

  • Fig. 1 Market Segmentation & Scope
  • Fig. 2 Information Procurement
  • Fig. 3 Primary Research Pattern
  • Fig. 4 Primary Research Process
  • Fig. 5 Market Research Approaches - Bottom-up Approach
  • Fig. 6 Market Research Approaches - Top-down Approach
  • Fig. 7 Market Research Approaches - Combined Approach

Fig. 8 Market Outlook (USD Million)

  • Fig. 9 Segmental Outlook
  • Fig. 10 Competitive Insights
  • Fig. 11 Penetration & Growth Prospect Mapping
  • Fig. 12 Industry Value Chain Analysis
  • Fig. 13 Criteria for Industrial Boiler Manufacturers
  • Fig. 14 Market Driver Analysis
  • Fig. 15 Market Restraint Analysis
  • Fig. 16 U.S. Industrial Boilers Market: Capacity Movement Analysis, 2019 & 2027
  • Fig. 17 U.S. Industrial Boilers Market: Fuel Type Movement Analysis, 2019 & 2027
  • Fig. 18 U.S. Industrial Boilers Market: Application Movement Analysis, 2019 & 2027
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