North America Industrial Boilers Market

North America Industrial Boilers Market Size, Growth, Trends and Forecast:

North America Industrial Boilers Market was worth USD 3.24 billion in 2021 and is projected to grow at a CAGR of 6.34%, to reach USD 4.4 billion by 2026. The development of ultra-mega power projects in emerging economies will drive the growth prospects for the global commercial boiler marketplace over the next few years. The use of new materials in biomass beds now not only increases the performance of the waste but additionally reduces the value of biomass boilers. Also, the distribution of oxygen in the boiler will enhance the performance and uniformity of combustion.

Regulations imposed by the foremost environmental regulatory bodies encourage numerous industries to check their emissions. As an end result, companies are implementing measures to generate energy with decreasing emissions. Measures towards strength optimization coupled with increasing adoption of energy efficient heating systems will propel the industrial boilers market. In November 2015, European Union introduced Directive (European) 2015/2193 with an intention to reduce emissions from combustion devices.

North America Industrial Boilers Market Segmentation:

North America Industrial Boilers Market – By Type:

• Fire Tube

• Water Tube

North America Industrial Boilers Market – By Application:

• Refineries
• Primary Metal
• Chemical
• Food

North America Industrial Boilers Market – By Product:

• 301BHP-600BHP
• 151BHP-300BHP
• 10BHP-150BHP

North America Industrial Boilers Market – By Fuel Type:

• Gas
• Coal
• Oil

Geographical Analysis:

On the basis of region, the North America Industrial Boilers market is categorized into US, Canada and others. The Canadian government has recently passed a law regarding the issue of emissions, prompting the companies operating in the Industrial boilers market to develop new product solutions.

Key Players: 

Some of the major players in Industrial Boilers market are Babcock & Wilcox Enterprises, Inc. (U.S.), Dongfang Electric Corporation Ltd. (China), Siemens AG (Germany), General Electric (U.S.), AC Boilers S.p.a. (Europe), Bharat Heavy Electricals Limited (India), Harbin Electric Group (China), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems, Ltd. (Japan), and Thermax Limited (India).