Product Code: 5237
The North America commercial boiler market is slated to expand at a substantial rate through 2028 owing to growing consumer inclination towards efficient and reliable heating systems.
Recently, major industry players have been investing largely in clean energy and working on decreasing energy waste, which has positively influenced the product landscape. For instance, in February 2022, Babcock & Wilcox Enterprises, the American environmental, renewable, and thermal energy technologies & service provider, announced that its B&W Renewable business unit had been granted a USD 22 million contract to design and supply advanced waste-to-energy technology to enable an Asian power company to reduce its coal dependence and the amount of waste that ends up in landfills. B&W Renewable set out to build and deploy a 440-ton-a-day waste-to-energy boiler, along with the DynaGrate combustion grate as well as other combustion equipment like soot blowers and burners.
The North America commercial boiler market has been segmented based on fuel, capacity, technology, product, application, and country. By fuel, the industry has been divided into natural gas, oil, and coal. The natural gas sub-segment is expected to record significant progress through the forecast period due to growing consumer awareness aided by regulatory reforms aimed at encouraging the installation of efficient and reliable heating units.
By capacity, the North America commercial boiler market has been classified into ≥ 0.3 - ≤ 2.5 MMBtu/hr, > 10 - ≤ 50 MMBtu/hr, > 2.5 - ≤ 10 MMBtu/hr, > 50 - ≤ 100 MMBtu/hr, and > 100 - ≤ 250 MMBtu/hr. The ≥ 0.3 - ≤ 2.5 MMBtu/hr sub-segment is primed to register strong growth because of increased investments in commercial center expansion as well as surging investments towards upgradation of healthcare facilities. The > 2.5 - ≤ 10 MMBtu/hr sub-segment is set to depict a CAGR of around 4.4% through 2028.
By product, the North America commercial boiler market has been divided into hot water and steam. The hot water sub-segment is anticipated to grow at a notable rate through the projected timeframe owing to the thriving real estate sector and rapid urbanization.
By application, the North America commercial boiler industry has been categorized into offices, healthcare facilities, educational institutions, lodgings, and retail stores. The educational institutions sub-segment is expected to expand exponentially over the review timeline supported by government regulations that are targeted at limiting carbon emissions.
Meanwhile, the lodgings sub-segment is estimated to witness considerable expansion by 2028. Increasing deployment of cost-effective systems to meet water heating and storage needs is speculated to bolster segmental growth over the projected timeframe.
Table of Contents
Chapter 1 Methodology
- 1.1 Methodology
- 1.2 Market definitions
- 1.3 Market estimates & forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 North America commercial boiler industry 360 degree synopsis, 2018 - 2028
Chapter 3 North America Commercial Boiler Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry ecosystem analysis
- 3.3 Innovation & technology landscape
- 3.3.1 Hurst Boiler & Welding Co, Inc.
- 3.3.2 Cleaver-Brooks
- 3.3.3 Fulton Boiler Works, Inc.
- 3.3.4 Burhan Holdings Inc.
- 3.3.5 A.O. Smith Corporation
- 3.4 Regulatory landscape
- 3.4.1 U.S.
- 3.4.1.1 Energy Independence and Security Act (EISA),2007
- 3.4.1.2 National Emission Standards for Hazardous Air Pollutants (NESHAP)
- 3.4.1.3 Clean Air Act, 1970
- 3.4.1.4 New Source Performance Standards (NSPS)
- 3.4.1.5 Commercial Packaged Boilers
- 3.4.1.6 Pennsylvania
- 3.4.1.7 Georgia
- 3.4.1.8 Illinois
- 3.4.1.9 California
- 3.4.2 Canada
- 3.4.2.1 Energy Efficiency Standards for Commercial Gas Boilers
- 3.4.2.2 Verification and Labelling
- 3.4.2.3 Test Standard
- 3.4.2.4 Energy Efficiency Regulations
- 3.4.2.4.1 Amendment 15 to the Energy Efficiency Regulations
- 3.4.2.4.2 Forward Regulatory Plan
- 3.4.2.5 ANSI/AHRI Standard 1500-2015 Standard for Performance Rating of Commercial Space Heating Boilers
- 3.4.2.6 Technical Standards and Safety Act, 2000 for BOILERS AND PRESSURE VESSELS: ONTARIO REGULATION 220/01
- 3.4.2.7 COMBUSTION REGULATIONS
- 3.4.2.8 Gas-Fired Boiler Assembly Certification for Canada
- 3.4.2.9 Multi-Sector Air Pollutants Regulations
- 3.4.2.10 National Emission Standards for Industrial Boilers, Stationary Engines
- 3.4.2.11 Technical Safety Act
- 3.4.2.12 Boilers and Process Heaters Emission Regulation Bylaw No. 1087, 2008
- 3.5 COVID- 19 impact on the industry outlook
- 3.6 Industry impact forces
- 3.6.1.1 Positive outlook towards healthcare sector
- 3.6.1.2 Rising need for space heating in commercial buildings
- 3.6.1.3 Growing demand for energy efficient boilers
- 3.6.1.4 Stringent government regulations
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High initial investment
- 3.7 Growth potential analysis
- 3.8 Porter's Analysis
- 3.8.1 Bargaining power of suppliers
- 3.8.2 Bargaining power of buyers
- 3.8.3 Threat of new entrants
- 3.8.4 Threat of substitutes
- 3.9 Competitive landscape, 2021
- 3.9.1 Strategy dashboard
- 3.9.1.1 Fulton Boiler Works, Inc
- 3.9.1.1.1 Product development
- 3.9.1.1.2 Partnerships
- 3.9.1.2 Miura America Co., Ltd.
- 3.9.1.2.1 Product launch
- 3.9.1.2.2 Installation/supply
- 3.9.1.2.3 Business expansion
- 3.9.1.3 Cleaver-Brooks, Inc.
- 3.9.1.3.1 Product development
- 3.9.1.3.2 Product launch
- 3.9.1.4 Victory Energy Operations, LLC
- 3.9.1.4.1 Business expansion
- 3.9.1.5 Precision Boilers
- 3.9.1.6 Babcock and Wilcox Enterprises, Inc.
- 3.9.1.6.1 Installation/supply
- 3.9.1.6.2 Divestment
- 3.9.1.6.3 Acquisition
- 3.9.1.7 Weil-McLain
- 3.9.1.8 Bradford White Corporation (BWC)
- 3.10 PESTEL Analysis
Chapter 4 North America Commercial Boiler Market, By Fuel
- 4.1 North America commercial boiler market share by fuel, 2021 & 2028
- 4.2 Natural gas
- 4.2.1 North America market from natural gas, 2018 - 2028
- 4.2.2 North America market from natural gas, by country, 2018 - 2028
- 4.3 Oil
- 4.3.1 North America market from oil, 2018 - 2028
- 4.3.2 North America market from oil, by country, 2018 - 2028
- 4.4 Coal
- 4.4.1 North America market from coal, 2018 - 2028
- 4.4.2 North America market from coal, by country, 2018 - 2028
- 4.5 Others
- 4.5.1 North America market from others, 2018 - 2028
- 4.5.2 North America market from others, by country, 2018 - 2028
Chapter 5 North America Commercial Boiler Market, By Capacity
- 5.1 North America commercial boiler market share by capacity, 2021 & 2028
- 5.2 ≥ 0.3 - ≤ 2.5 MMBtu/hr
- 5.2.1 North America market from ≥ 0.3 - ≤ 2.5 MMBtu/hr, 2018 - 2028
- 5.2.2 North America market from ≥ 0.3 - ≤ 2.5 MMBtu/hr, by country, 2018 - 2028
- 5.3 > 2.5 - ≤ 10 MMBtu/hr
- 5.3.1 North America market from > 2.5 - ≤ 10 MMBtu/hr, 2018 - 2028
- 5.3.2 North America market from > 2.5 - ≤ 10 MMBtu/hr, by country, 2018 - 2028
- 5.4 > 10 - ≤ 50 MMBtu/hr
- 5.4.1 North America market from > 10 - ≤ 50 MMBtu/hr, 2018 - 2028
- 5.4.2 North America market from > 10 - ≤ 50 MMBtu/hr, by country, 2018 - 2028
- 5.5 > 50 - ≤ 100 MMBtu/hr
- 5.5.1 North America market from > 50 - ≤ 100 MMBtu/hr, 2018 - 2028
- 5.5.2 North America market from > 50 - ≤ 100 MMBtu/hr, by country, 2018 - 2028
- 5.6 > 100 - ≤ 250 MMBtu/hr
- 5.6.1 North America market from > 100 - ≤ 250 MMBtu/hr, 2018 - 2028
- 5.6.2 North America market from > 100 - ≤ 250 MMBtu/hr, by country, 2018 - 2028
Chapter 6 North America Commercial Boiler Market, By Technology
- 6.1 North America commercial boiler market share by technology, 2021 & 2028
- 6.2 Condensing
- 6.2.1 North America market from condensing, 2018 - 2028
- 6.2.2 North America market from condensing, by country, 2018 - 2028
- 6.3 Non-condensing
- 6.3.1 North America market from non-condensing, 2018 - 2028
- 6.3.2 North America market from non-condensing, by country, 2018 - 2028
Chapter 7 North America Commercial Boiler Market, By Product
- 7.1 North America commercial boiler market share by product, 2021 & 2028
- 7.2 Hot water
- 7.2.1 North America market from hot water, 2018 - 2028
- 7.2.2 North America market from hot water, by country, 2018 - 2028
- 7.3 Steam
- 7.3.1 North America market from steam, 2018 - 2028
- 7.3.2 North America market from steam, by country, 2018 - 2028
Chapter 8 North America Commercial Boiler Market, By Application
- 8.1 North America commercial boiler market share by application, 2021 & 2028
- 8.2 Offices
- 8.2.1 North America market from offices, 2018 - 2028
- 8.2.2 North America market from offices, by country, 2018 - 2028
- 8.3 Healthcare facilities
- 8.3.1 North America market from healthcare facilities, 2018 - 2028
- 8.3.2 North America market from healthcare facilities, by country, 2018 - 2028
- 8.4 Educational institutions
- 8.4.1 North America market from educational institutions, 2018 - 2028
- 8.4.2 North America market from educational institutions, by country, 2018 - 2028
- 8.5 Lodgings
- 8.5.1 North America market from lodgings, 2018 - 2028
- 8.5.2 North America market from lodgings, by country, 2018 - 2028
- 8.6 Retail stores
- 8.6.1 North America market from retail stores, 2018 - 2028
- 8.6.2 North America market from retail stores, by country, 2018 - 2028
- 8.7 Others
- 8.7.1 North America market from others, 2018 - 2028
- 8.7.2 North America market from others, by country, 2018 - 2028
Chapter 9 North America Commercial Boiler Market, By Country
- 9.1 North America commercial boiler market share by country, 2021 & 2028
- 9.2 U.S.
- 9.2.1 U.S. market, 2018 - 2028
- 9.2.2 U.S. market by fuel, 2018 - 2028
- 9.2.3 U.S. market by capacity, 2018 - 2028
- 9.2.4 U.S. market by technology, 2018 - 2028
- 9.2.5 U.S. market by product, 2018 - 2028
- 9.2.6 U.S. market by application, 2018 - 2028
- 9.3 Canada
- 9.3.1 Canada market, 2018 - 2028
- 9.3.2 Canada market by fuel, 2018 - 2028
- 9.3.3 Canada market by capacity, 2018 - 2028
- 9.3.4 Canada market by technology, 2018 - 2028
- 9.3.5 Canada market by product, 2018 - 2028
- 9.3.6 Canada market by application, 2018 - 2028
Chapter 10 Company Profiles
- 10.1 Babcock and Wilcox Enterprises, Inc.
- 10.1.1 Business Overview
- 10.1.2 Financial Data
- 10.1.3 Product Landscape
- 10.1.4 Strategic Outlook
- 10.1.5 SWOT Analysis
- 10.2 Hurst Boiler and Welding Co, Inc.
- 10.2.1 Business Overview
- 10.2.2 Financial Data
- 10.2.3 Product Landscape
- 10.2.4 Strategic Outlook
- 10.2.5 SWOT Analysis
- 10.3 Cleaver-Brooks
- 10.3.1 Business Overview
- 10.3.2 Financial Data
- 10.3.3 Product Landscape
- 10.3.4 Strategic Outlook
- 10.3.5 SWOT Analysis
- 10.4 Siemens
- 10.4.1 Business Overview
- 10.4.2 Financial Data
- 10.4.3 Product Landscape
- 10.4.4 Strategic Outlook
- 10.4.5 SWOT Analysis
- 10.5 Viessmann Climate Solutions SE
- 10.5.1 Business Overview
- 10.5.2 Financial Data
- 10.5.3 Product Landscape
- 10.5.4 SWOT Analysis
- 10.6 The Fulton Companies
- 10.6.1 Business Overview
- 10.6.2 Financial Data
- 10.6.3 Product Landscape
- 10.6.4 SWOT Analysis
- 10.7 Columbia Boiler Company
- 10.7.1 Business Overview
- 10.7.2 Financial Data
- 10.7.3 Product Landscape
- 10.7.4 SWOT Analysis
- 10.8 Miura America Co., LTD.
- 10.8.1 Business Overview
- 10.8.2 Financial Data
- 10.8.3 Product Landscape
- 10.8.4 Strategic Outlook
- 10.8.5 SWOT Analysis
- 10.9 Clayton Industries
- 10.9.1 Business Overview
- 10.9.2 Financial Data
- 10.9.3 Product Landscape
- 10.9.4 SWOT Analysis
- 10.10 PARKER BOILER
- 10.10.1 Business Overview
- 10.10.2 Financial Data
- 10.10.3 Product Landscape
- 10.10.4 SWOT Analysis
- 10.11 Superior Boiler Works, Inc.
- 10.11.1 Business Overview
- 10.11.2 Financial Data
- 10.11.3 Product Landscape
- 10.11.4 SWOT Analysis
- 10.12 Vapor Power International
- 10.12.1 Business Overview
- 10.12.2 Financial Data
- 10.12.3 Product Landscape
- 10.12.4 SWOT Analysis
- 10.13 A. O. Smith
- 10.13.1 Business Overview
- 10.13.2 Financial Data
- 10.13.3 Product Landscape
- 10.13.4 Strategic Outlook
- 10.13.5 SWOT Analysis
- 10.14 Burnham Holdings, Inc.
- 10.14.1 Business Overview
- 10.14.2 Financial Data
- 10.14.3 Product Landscape
- 10.14.4 SWOT Analysis
- 10.15 Precision Boilers
- 10.15.1 Business Overview
- 10.15.2 Financial Data
- 10.15.3 Product Landscape
- 10.15.4 SWOT Analysis