Industrial Boilers Market - US Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023
U.S. Industrial Boilers Market revenue stood at US$382.37 million in 2014, will reach US$515.22 million by 2023 at CAGR of 3.35% from 2015 to 2023
U.S. Industrial Boilers Market revenue stood at US$382.37 million in 2014, will reach US$515.22 million by 2023 at CAGR of 3.35% from 2015 to 2023
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Transparency <strong>Market</strong><br />
Research<br />
<strong>Industrial</strong> <strong>Boilers</strong> <strong>Market</strong> - <strong>US</strong> <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>,<br />
<strong>Share</strong>, <strong>Growth</strong> <strong>Trends</strong>, <strong>and</strong> <strong>Forecast</strong> <strong>2015</strong> - <strong>2023</strong><br />
Published Date<br />
02-Feb-2016<br />
103 Page Report<br />
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Press Release<br />
Emphasis on Reducing Carbon Emissions to Propel Usage of<br />
<strong>Industrial</strong> <strong>Boilers</strong> in the U.S., reports TMR<br />
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<strong>Industrial</strong> <strong>Boilers</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Industrial</strong> <strong>Boilers</strong> <strong>Market</strong> - <strong>US</strong> <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong> <strong>Trends</strong>, <strong>and</strong> <strong>Forecast</strong> <strong>2015</strong> - <strong>2023</strong><br />
The leading four players, Cleaver-Brooks, Inc., Fulton Boiler Works, Inc., <strong>and</strong> Hurst Boiler & Welding Company,<br />
Inc. collectively held a gigantic share of 75.8% share in the U.S. industrial boilers market in 2014.<br />
Transparency <strong>Market</strong> Research found that the fragmented competitive l<strong>and</strong>scape is being driven by increasing<br />
strategic alliances <strong>and</strong> partnerships to gain stronger market presence. For instance, Cleaver-Brooks, Inc.<br />
acquired Holman Boiler Works <strong>and</strong> Affiliated Power Services in July 2014 to growing inorganically.<br />
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Companies are also focused on achieving technological innovation <strong>and</strong> product differentiation. The lead author<br />
of this study says, “Players are also set to exp<strong>and</strong> in regions such as South America <strong>and</strong> Asia Pacific to<br />
strengthen their foothold <strong>and</strong> increase their market presence in lucrative emerging economies.”<br />
<strong>Industrial</strong> <strong>Boilers</strong> Gain Popularity due to Environmental Norms<br />
The stringent regulations announced by the Environmental Protection Agency (EPA) regarding air toxic<br />
st<strong>and</strong>ards to limit emissions from various types of boilers is likely to trigger dem<strong>and</strong> for new-age industrial<br />
boilers. Though there is no regulation governing the definite size of the industrial boilers to be used, end-user<br />
industries are aiming towards installing boilers that are highly energy-efficient. TMR expects that this shift will<br />
adversely affect coal-fired boilers <strong>and</strong> make way for natural gas boilers.<br />
The increasing prices of fuel will also lead to a dem<strong>and</strong> for high-efficiency boilers as they drastically bring down<br />
fuel costs. Currently, fuel costs account for nearly 85% of the total operation cost of boilers. To cut down these<br />
expenditures <strong>and</strong> to optimize the usage of available resources, users are likely to upgrade their facilities will<br />
new boilers. Additionally, end-user industries such as food, paper, chemical, refinery, <strong>and</strong> metal will invest in<br />
efficient boilers due to the pressing need to cut back on carbon emissions.<br />
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<strong>Industrial</strong> <strong>Boilers</strong> <strong>Market</strong><br />
The high cost of equipment, installation, <strong>and</strong> the cost of operations are all creating a huge impediment for the<br />
growth of the industrial boilers market in the U.S. These costs still remain unaffordable to several end-user<br />
companies, which is dissuading them from making investments to upgrade their facilities. However, the<br />
stringent environmental norms will present profitable opportunities to the U.S. industrial boilers market to<br />
increase its revenues.<br />
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Presence of End-user Industries Keeps East North Central Region Ahead in the Race<br />
The East North Central Region in the U.S. had the maximum installations of industrial boilers in 2014,<br />
accounting for about 30% of the overall market. In the foreseeable future, this region will be driven by robust<br />
industrial growth <strong>and</strong> the remarkable manufacturing output to lead the U.S. industrial boilers market. The<br />
presence of food, chemical, <strong>and</strong> metal companies in Illinois <strong>and</strong> Michigan will also boost this geographical<br />
segment. TMR expects that Michigan market will rise at a CAGR of 2.98% while the Illinois market will surge at<br />
3.90% during the forecast period.<br />
The research report points out that the opportunity in the U.S. industrial boilers market will be worth <strong>US</strong>$515.22<br />
mn by <strong>2023</strong>. As of 2014, the market was valued at <strong>US</strong>$382.37 mn <strong>and</strong> is anticipated to exp<strong>and</strong> at a CAGR of<br />
3.35% from <strong>2015</strong> to <strong>2023</strong>.<br />
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<strong>Industrial</strong> <strong>Boilers</strong> <strong>Market</strong><br />
TABLE OF CONTENT<br />
Chapter 1 Preface<br />
Report Description<br />
Research Scope<br />
<strong>Market</strong> Segmentation<br />
Research Methodology<br />
Chapter 2 Executive Summary<br />
U.S <strong>Industrial</strong> boilers <strong>Market</strong>: Snapshot<br />
Chapter 3 U.S <strong>Industrial</strong> boilers Overview<br />
Introduction<br />
Value Chain <strong>Analysis</strong><br />
<strong>Market</strong> Dynamics<br />
<strong>Growth</strong> Drivers<br />
Restraints<br />
Opportunities<br />
Porter’s Five Forces <strong>Analysis</strong> for the <strong>Industrial</strong> boilers<br />
Suppliers’ Power<br />
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<strong>Industrial</strong> <strong>Boilers</strong> <strong>Market</strong><br />
Buyers’ Power<br />
Threat from New Entrants<br />
Threat from Substitutes<br />
Degree of Competition<br />
<strong>Market</strong> Attractiveness <strong>Analysis</strong> of <strong>Industrial</strong> boilers, by Region (2014)<br />
South Atlantic<br />
West North Central<br />
West South Central<br />
Pacific States<br />
Mountain States<br />
North East<br />
East North Central<br />
East South Central<br />
Company <strong>Market</strong> <strong>Share</strong> <strong>Analysis</strong>, 2014 (Value %)<br />
Chapter 4 U.S <strong>Industrial</strong> boilers <strong>Market</strong> – U.S Segment <strong>Analysis</strong>, <strong>2015</strong> – <strong>2023</strong> (<strong>US</strong>$ MN)<br />
Overview<br />
East South Central<br />
Upto 300 BHP<br />
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<strong>Industrial</strong> <strong>Boilers</strong> <strong>Market</strong><br />
10-150 BHP<br />
151-300 BHP<br />
300 – 600 BHP<br />
Pacific States<br />
Upto 300 BHP<br />
10-150 BHP<br />
151-300 BHP<br />
300 – 600 BHP<br />
East North Central<br />
Upto 300 BHP<br />
10-150 BHP<br />
151-300 BHP<br />
300 – 600 BHP<br />
Mountain States<br />
Upto 300 BHP<br />
10-150 BHP<br />
151-300 BHP<br />
300 – 600 BHP<br />
South Atlantic<br />
Upto 300 BHP<br />
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<strong>Industrial</strong> <strong>Boilers</strong> <strong>Market</strong><br />
10-150 BHP<br />
151-300 BHP<br />
300 – 600 BHP<br />
North East<br />
Upto 300 BHP<br />
10-150 BHP<br />
151-300 BHP<br />
300 – 600 BHP<br />
West South Central<br />
Upto 300 BHP<br />
10-150 BHP<br />
151-300 BHP<br />
300 – 600 BHP<br />
West North Central<br />
Upto 300 BHP<br />
10-150 BHP<br />
151-300 BHP<br />
300 – 600 BHP<br />
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<strong>Industrial</strong> <strong>Boilers</strong> <strong>Market</strong><br />
Chapter 5 Company Profiles<br />
Johnston Boiler Company<br />
Company Overview<br />
Financial Overview<br />
Business Strategy<br />
SWOT <strong>Analysis</strong><br />
Recent Developments<br />
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About Us<br />
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