Lodging in 2016 accounted for over 11% of the U.S. Commercial Boiler Market share. These products are primarily used for steam and hot water generation in dormitories, hotels, guest cottages, retirement and nursing homes. Increasing investment toward hospitality and tourism sector will stimulate the product demand.
Natural gas commercial boiler market share is set to experience robust growth owing to its abundant availability and easy storage. Gas fired units also offer distinct advantages which include absence of soot, low noise and reduced operating costs. Texas, California, New York, Louisiana and Illinois are some of the highest gas consuming states.
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Characterized by an inherently strict regulatory framework, U.S. commercial boiler market stands to gain much from the myriad tactics adopted by the participants of this fraternity. The yesteryear acquisition of English Boiler & Tube, Inc. is an instance validating the aforementioned fact. Elaborating further, the Hutchinson-based company, Superior Holding Inc., in the third quarter of 2016, acquired the assets of the Virginia-based firm, English Boiler & Tube, Inc., with an aim to reinforce its position in U.S. commercial boiler industry. For the record, Superior Holding Inc., the parent firm of Superior Boiler Works and Superior Boiler Technologies and a renowned manufacturer of vertical firetube boilers and related equipment, has established quite a name for itself in the U.S. commercial boiler market. The move has seamlessly integrated the expertise of both the companies on a single platform through which boiler production and sales would be conducted in the future. Given the popularity of both the firms and the escalating demand for boilers across the commercial sectors, the acquisition has been touted by experts to have a marginal yet powerful impact on the overall U.S. commercial boiler industry size, which was pegged at USD 850 million in the year 2016.
Toward the end of 2012, the EPA conceptualized a final draft of the federal boiler rule with an aim to lower the HAP (hazardous air pollutants) emissions from the current and new industrial, commercial, and institutional boilers, which would have an appreciable impact on U.S. commercial boiler industry.
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The FEMP (Federal Energy Management Program) provides detailed acquisition guidance with regards to commercial boilers, encompassed within the FEMP-designated efficiency requirements. Federal laws state that agencies must preferably purchase the FEMP-designated or ENERGY STAR-qualified products solely covered by these programs.
Federal buyouts of commercial boilers must meet the minimum efficiency requirements as listed by the organization. The efficiency levels can also be voluntarily adopted by other institutions and non-federal organizations.
The enforcement of a strict regulatory landscape is one of the most pivotal factors that would have a considerable impact on U.S. commercial boiler market share. Given the global requirement of energy efficiency and reduced energy consumption, companies have been focusing on the deployment of boilers that are highly energy-efficient and contribute toward environmental safety and conservation. Pertaining to the adoption of strict legislations and the inherent requirement of heating systems in the commercial spaces across the cold climatic zones, U.S. commercial boiler market size has been rightly forecast to cross 80,000 units by 2024.
Browse key industry insights spread across 450 pages with 1176 market data tables & 10 figures & charts from the report, “U.S. Commercial Boiler Market Analysis Report, Regional Outlook (Illinois, Indiana, Michigan, Ohio, Wisconsin, Alabama, Kentucky, Mississippi, Tennessee, Arkansas, Louisiana, Oklahoma, Texas, Delaware, Florida, Maryland, North Carolina, South Carolina, Virginia, West Virginia, Washington D.C., Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New Jersey, New York, Pennsylvania, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Alaska, California, Hawaii, Oregon, Washington, Arizona, Colorado, Utah, Nevada, New Mexico, Idaho, Montana, Wyoming), Competitive Market Analysis & Forecast, 2017 – 2024” in detail along with the table of contents:
Notable industry participants include Superior Boiler Works, Weil-McLain, Columbia Boiler, Cleaver Brooks, Fulton, Bradford White Corporation, Burnham Commercial, Parker, A.O. Smith, Clayton, Babcock and Wilcox.
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Global Boiler Market Forecast, 2017 – 2024
Global Boiler Market size was valued over USD 37 billion in 2016 and the annual installation is set to exceed 11 million units by 2024. Rising electricity demand coupled with rampant investments toward industrial sector will propel the boiler market size. Developing economies across Asia Pacific and Africa has introduced ambitious plan to install and upgrade the existing power generation units which, will positively impact the business growth.
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