Market Forecast by Countries (United States, Canada), By Fuel Type (Natural Gas & Biomass, Coal, Oil, Others), By Boiler Type (Fire-tube, Water-tube), By Boiler Horsepower (10-150 BHP, 151-300 BHP, 301-600 BHP), By End-use Industry (Chemical, Food, Refineries, Metals & Mining, Others) And Competitive Landscape
Product Code: ETC059920 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Industrial Boilers Market is anticipated to register sound revenues in the coming timeframe on the back of the increase in the expansion of the industrial setups in the developed and developing countries. Moreover, the growing food processing industry across the region is leading to generate humongous revenues underpinned by an increase in the availability of the wide range of processed food has led attracting the population to spend on the food consumption, this aspect is leaving a positive impact on the product demand which is further estimated to boost the growth of the industrial boilers market in the North America region in the coming timeframe.
North America Industrial Boilers Market is expected to expand over the coming years. The rising demand for smart technologies in the agriculture sector and commercial sector such as manufacturing facilities, power plants, food industry to increase efficiency are major driving factors. Further, the government in this region is taking initiatives to reduce carbon emissions and is investing to support biomass boilers to push clean energy. Also, technological advancement and acceptance from the industries is a driving factor. However, the migration of several manufacturing systems from North America is restraining the market growth. The companies are preferring to outsource to foreign countries as they are a cheaper option and there are comparatively less strict environmental regulations. Also, the high maintenance, installation, and repair cost are restraining factors. The COVID-19 has adversely affected the industrial boilers market in North America, the outbreak has resulted in the shutdown of many manufacturing facilities which had a significant impact on the production of boilers. The consumer demand was also affected for industrial boilers due to the lockdowns imposed by the government. The condition is expected to be better in the coming years.
According to 6Wresearch, North America Industrial Boilers Market is expected to grow during the forecast period 2021-2027. The countries covered in this region are the United States, Canada. The USA is dominating the industrial boilers market in this region because of the availability of more advanced technology than other countries. The pressure from the government to use more clean energy options in industries like food, chemical, metal, and others is also a major growth driving force in this region. The industrial boilers market in Canada is also growing at a good rate. The rising demand for residential as well as commercial electrical boilers in this region is one of the aspects boosting the North America industrial boilers market share. The government is also passing different policies in favor of this sector. For instance, the Canadian government has passed a law regarding the problem of carbon emission and persuading the companies operating in this region to develop more new efficient solutions.
Some of the key players in this region are Slant/Fin Corporation, Hubbell Electric Heater Company, Bosch Thermotechnology Ltd, Sussman Electric Boilers, Chromalox Inc, LAARS Heating Systems Co, Heat Innovations Inc, Fulton Companies, P.M. Lattner Manufacturing Co and many more.
Based on boiler type, the water boiler segment is largely adopted by food processing, laundry, and other industries which are driving the market growth. Based on End-Users, the market is segmented into oil & gas, power, chemical, food & beverage, textile, pulp and paper, and others. The fast-food industry is emerging at a high rate in this region and is driving the market growth. By Horsepower, the 10-150 BHP segment is holding the market as it generates the steam or heat at an efficient rate which is used by various industries such as beverages and food, healthcare, paper, chemical, and others.
North America industrial boilers market report thoroughly covers the market by boiler horsepower, boiler type, fuel type, end-use industry, and key countries such as the USA, Canada. North America industrial boilers Market outlook report provides an unbiased and detailed analysis of the ongoing industrial boilers market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The Market report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Industrial Boilers Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Industrial Boilers Market Revenues & Volume, 2020 & 2027F |
3.3 North America Industrial Boilers Market - Industry Life Cycle |
3.4 North America Industrial Boilers Market - Porter's Five Forces |
3.5 North America Industrial Boilers Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 North America Industrial Boilers Market Revenues & Volume Share, By Fuel Type, 2020 & 2027F |
3.7 North America Industrial Boilers Market Revenues & Volume Share, By Boiler Type, 2020 & 2027F |
3.8 North America Industrial Boilers Market Revenues & Volume Share, By Boiler Horsepower, 2020 & 2027F |
3.9 North America Industrial Boilers Market Revenues & Volume Share, By End-use Industry, 2020 & 2027F |
4 North America Industrial Boilers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Industrial Boilers Market Trends |
6 North America Industrial Boilers Market, 2017 - 2027 |
6.1 North America Industrial Boilers Market, Revenues & Volume, By Fuel Type, 2017 - 2027 |
6.2 North America Industrial Boilers Market, Revenues & Volume, By Boiler Type, 2017 - 2027 |
6.3 North America Industrial Boilers Market, Revenues & Volume, By Boiler Horsepower, 2017 - 2027 |
6.4 North America Industrial Boilers Market, Revenues & Volume, By End-use Industry, 2017 - 2027 |
7 United States Industrial Boilers Market, 2017 - 2027 |
7.1 United States Industrial Boilers Market, Revenues & Volume, By Fuel Type, 2017 - 2027 |
7.2 United States Industrial Boilers Market, Revenues & Volume, By Boiler Type, 2017 - 2027 |
7.3 United States Industrial Boilers Market, Revenues & Volume, By Boiler Horsepower, 2017 - 2027 |
7.4 United States Industrial Boilers Market, Revenues & Volume, By End-use Industry, 2017 - 2027 |
8 Canada Industrial Boilers Market, 2017 - 2027 |
8.1 Canada Industrial Boilers Market, Revenues & Volume, By Fuel Type, 2017 - 2027 |
8.2 Canada Industrial Boilers Market, Revenues & Volume, By Boiler Type, 2017 - 2027 |
8.3 Canada Industrial Boilers Market, Revenues & Volume, By Boiler Horsepower, 2017 - 2027 |
8.4 Canada Industrial Boilers Market, Revenues & Volume, By End-use Industry, 2017 - 2027 |
9 North America Industrial Boilers Market Key Performance Indicators |
10 North America Industrial Boilers Market - Opportunity Assessment |
10.1 North America Industrial Boilers Market Opportunity Assessment, By Countries, 2020 & 2027F |
10.2 North America Industrial Boilers Market Opportunity Assessment, By Fuel Type, 2020 & 2027F |
10.3 North America Industrial Boilers Market Opportunity Assessment, By Boiler Type, 2020 & 2027F |
10.4 North America Industrial Boilers Market Opportunity Assessment, By Boiler Horsepower, 2020 & 2027F |
10.5 North America Industrial Boilers Market Opportunity Assessment, By End-use Industry, 2020 & 2027F |
11 North America Industrial Boilers Market - Competitive Landscape |
11.1 North America Industrial Boilers Market Revenue Share, By Companies, 2020 |
11.2 North America Industrial Boilers Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |