U.S. Industrial Boilers Market: High Demand on Cards owing to Imminen oct 2016 | Page 2

REPORT DESCRIPTION

Industrial boilers are the only source of hot water or steam in most manufacturing plants. The boilers transport this
hot water or steam through pipes to the various end users. Hot water and steam make use of pumps and inherent
pressure, respectively, to be transported through the pipelines. Industrial boilers need large amounts of fuel, which
is supplied in the form of nuclear fuel, solar energy, biomass, or the most common source – fossil fuels.
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The U.S. industrial boilers market is exhibiting a steady CAGR of 3.35% between 2015 and 2023. The market
was valued at US$382.3 mn in 2014. Rising at a high CAGR, the U.S. industrial boilers market is expected to reach
US$515.2 mn by the end of 2023. The key players that will profit from this high growth rate are Vapor Power
International, LLC, York-Shipley Global, Acme Engineering Prod. Ltd., Williams & Davis Boilers, Inc., Hurst Boiler &
Welding Company, Inc., Le Groupe Simoneau Inc., PARKER BOILER COMPANY, Columbia Boiler Company, Johnston
Boiler Company, and Superior Boiler Works, Inc.
Steam-intensive Industries Occupy Major Portion of Industrial Boilers Market in the U.S.
The U.S. industrial boilers market is commonly divided into water-tube boilers and fire-tube boilers. The former
makes use of tubes that contain water subjected to external heating agents, while the latter conversely makes use
of hot gases blowing in tubes that are surrounded by water. Both procedures have their set of advantages and
restrictions, which makes them useful in different cases. From the perspective of application, the U.S. industrial
boilers market is largely dominated by steam-intensive industries such as primary metals, chemicals, refining,
paper, and food and beverage. Collectively, these steam-intensive industries constitute nearly 82% of the overall
boiler capacities, while holding 71% of the total units of industrial boilers.
East North Central Dominates U.S. Industrial Boilers Market
From a regional perspective, the U.S. industrial boilers market was led by East North Central in 2014, when the
region held 37.94% of the market. In terms of revenue, the market was led by Michigan, followed closely by
Wisconsin and Illinois. In terms of size, the second largest region in the U.S. industrial boilers market for 2014 was
West South Central. This region is propelled by the developments made in Texas, most of which is attributed to
industrial growth and increased demand over output. The third largest region in the U.S. industrial boilers market for
2014 was South Atlantic. In terms of states with the highest revenue realization, South Carolina and North Carolina