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.
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 led the market in 2014. The future of the U.S. industrial boilers market is expected to be directed by the West North Central and North East regions, as both regions are expected to witness a significant boost in output for most existing manufacturing industries as well as newer industries.
Get Inquiry About Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9131
Industrial boilers consume nearly 37% of the total energy used in industrial facilities. This shows the importance of boilers to a large number of industries. The U.S. industrial boilers market is also regulated by the Environmental Protection Agency, which means that players have to abide by the rules and regulations allotted by it.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment