U.S. Boiler Market : Segmented by Fuel (Fossil, Oil & Gas, Biomass and Others); By End-use (Chemicals & Petrochemicals, Metals & Mining and Others) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2031
Global U.S. Boiler Market to surpass USD 4.4 billion by 2031 from USD 2.9 billion in 2021 at a CAGR of 4.26% in the coming years. Product Overview A boiler heats water or another liquid under p... もっと見る
SummaryGlobal U.S. Boiler Market to surpass USD 4.4 billion by 2031 from USD 2.9 billion in 2021 at a CAGR of 4.26% in the coming years.Product Overview A boiler heats water or another liquid under pressure in an enclosed place to generate steam or hot liquid. There is a diversity of boilers available in both the commercial and residential markets, classified by the system of heating the liquid, the types of fuel they use, and even the axis of the boiler. Market Highlights U.S. Boiler Market is expected to project a notable CAGR of 5.27% in 2031 The rising trend for boilers in the industrial segment along with chemical and petrochemical, food and beverage, and pulp and paper are predictable to boost the market over the forecast years. Increasing demand for mechanization and control systems have urged producers to start combining digital technologies in the industrial boilers industry. The implementation of the Internet of Things (IoT) and advanced data analytics to manage boiler-related operations to reduce costs and expand product and service performance is expected to upsurge the demand for smart industrial boilers over the forecast period. U.S. Boiler Market: Segments Oil & Gas segment to grow with the highest CAGR during 2021-31 U.S. Boiler Market is divided by Fuel Type into Fossil, Oil & Gas, Biomass, and Others. Oil & Gas segment to be a larger contributor to U.S. Boiler Market. This is due to high accessibility and less cost compared to other types of fuel used for industrial boilers. This segment is extensively used for industrial boilers. Hence, all these factors raise the U.S. Boiler Market. Chemicals & Petrochemicals segment to grow with the highest CAGR during 2021-31 U.S. Boiler Market is divided by end-use into Chemicals & Petrochemicals, Metals & Mining and Others. Chemicals & Petrochemicals segment held the largest share in 2020 and is expected to dominate the market. This is due to the need for high volume steam for various methods such as dilution, quenching, mechanical drive, fractionalization, and stripping, and increasing chemicals production across the country is expected to boost the market. Market Dynamics Drivers Abundant availability of natural gas resources Competitive natural gas prices along with the increasing inclination toward the implementation of sustainable technologies will significantly enlarge the business landscape. Strict government standards relating to the adoption of low-emission fuels coupled with ample availability of gas reserves will complement the industry outlook. The ease-of-extraction and robust gas supply networks in the country are set to drive the product adoption. Robust development of the commercial sector U.S. boiler market is set to grow at a CAGR of over 4.26% between 2021 and 2031. Continuing development of commercial establishments including retail stores, offices, nursing homes, and educational intuitions will fuel the industry landscape. Changing trends toward the consumption of processed food & beverages in line with growing government spending across healthcare industry will comprehensively improve product penetration. U.S. Boiler Market: Key Players Babcock & Wilcox Enterprises, Inc. Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis Mitsubishi Heavy Industries, Ltd. IHI Corporation Forbes Marshall Hurst Boiler & Welding Company, Inc. Parker Boiler Indeck Power Equipment Company Other Prominent Players U.S. Boiler Market report also contains analysis on: U.S. Boiler Market Segments By Fuel Fossil Oil & Gas Biomass Others By End-use Chemicals & Petrochemicals Metals & Mining Others U.S. Boiler Market Dynamics U.S. Boiler Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies Involved in the Market Value Chain of the Market Market Drivers and Restraints U.S. Boiler Market Report Scope and Segmentation Report Attribute Details Market size value in 2021 USD 2.9 billion Revenue forecast in 2031 USD 4.4 billion Growth Rate CAGR of 4.26% from 2021 to 2031 Base year for estimation 2020 Quantitative units Revenue in USD million and CAGR from 2021 to 2031 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered Fuel, End-use Key companies profiled Babcock & Wilcox Enterprises, Inc.; Mitsubishi Heavy Industries, Ltd.; IHI Corporation; Forbes Marshall; Hurst Boiler & Welding Company, Inc.; Parker Boiler; Indeck Power Equipment Company Other Prominent Player Table of ContentsContents1. Executive Summary 2. U.S. Boiler Market 2.1. Product Overview 2.2. Market Definition 2.3. Segmentation 2.4. Assumptions and Acronyms 3. Research Methodology 3.1. Research Objectives 3.2. Primary Research 3.3. Secondary Research 3.4. Forecast Model 3.5. Market Size Estimation 4. Average Pricing Analysis 5. Macro-Economic Indicators 6. Market Dynamics 6.1. Growth Drivers 6.2. Restraints 6.3. Opportunity 6.4. Trends 7. Correlation & Regression Analysis 7.1. Correlation Matrix 7.2. Regression Matrix 8. Recent Development, Policies & Regulatory Landscape 9. Risk Analysis 9.1. Demand Risk Analysis 9.2. Supply Risk Analysis 10. U.S. Boiler Market Analysis 10.1. Porters Five Forces 10.1.1. Threat of New Entrants 10.1.2. Bargaining Power of Suppliers 10.1.3. Threat of Substitutes 10.1.4. Rivalry 10.2. PEST Analysis 10.2.1. Political 10.2.2. Economic 10.2.3. Social 10.2.4. Technological 11. U.S. Boiler Market 11.1. Market Size & forecast, 2020A-2030F 11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12. U.S. Boiler Market: Market Segmentation 12.1. By Regions 12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2. By Fuel: Market Share (2020-2030F) 12.2.1. Fossil, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.2. Oil & Gas, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.3. Biomass, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.4. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3. By End-use: Market Share (2020-2030F) 12.3.1. Chemicals & Petrochemicals, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.2. Metals & Mining, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.3. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 13 Company Profile 13.1. Babcock & Wilcox Enterprises, Inc. 13.1.1. Company Overview 13.1.2. Company Total Revenue (Financials) 13.1.3. Market Potential 13.1.4. Global Presence 13.1.5. Key Performance Indicators 13.1.6. SWOT Analysis 13.1.7. Product Launch 13.2. Mitsubishi Heavy Industries, Ltd. 13.3. IHI Corporation 13.4. Forbes Marshall 13.5. Hurst Boiler & Welding Company, Inc. 13.6. Parker Boiler 13.7. Indeck Power Equipment Company 13.8. Other Prominent Players 14 Consultant Recommendation **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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