North America Gas Fired Steam Boiler Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 2.6 Billion by 2030, growing at a CAGR of 5.6% from 2024 to 2030.
The North American gas-fired steam boiler market is experiencing significant growth, driven by diverse industrial applications and stringent efficiency requirements. Valued at approximately USD 2.6 billion in 2023, the market is projected to expand at a compound annual growth rate (CAGR) of 5.6% between 2024 and 2032. This surge is largely attributed to substantial investments in the healthcare and pharmaceutical sectors, with over USD 4 billion invested in New York's healthcare industry in 2022 alone.
Industries across North America are increasingly adopting gas-fired steam boilers for their operational needs. In the power generation sector, these boilers play a pivotal role in converting pressurized steam into electricity, a practice that dates back to the 19th century. The food industry relies on steam boilers for processes ranging from cooking to packaging, ensuring both efficiency and sanitation. Similarly, the cement production industry utilizes steam boilers to recycle waste energy, reducing electrical power requirements by up to 30%.
The preference for natural gas as a fuel source is evident, given its cost-effectiveness, cleanliness, and abundant availability. Natural gas-fired boilers are known for their high efficiency, often achieving up to 90%, and are equipped with inbuilt economizers. These boilers typically have capacities ranging from 500 to 1000 kg/hr and operate at steam pressures of around 10 kg/cm². The adoption of natural gas aligns with stringent environmental regulations, as it produces fewer emissions compared to other fossil fuels.
Industries must consider several critical requirements when integrating gas-fired steam boilers into their operations:
Capacity and Pressure: Selecting boilers that meet specific steam output and pressure needs is essential for operational efficiency.
Fuel Efficiency: High-efficiency boilers reduce fuel consumption and operational costs.
Emission Standards Compliance: Ensuring boilers meet local and federal emission regulations is crucial for environmental responsibility.
Maintenance and Reliability: Regular maintenance schedules and selecting reliable equipment minimize downtime and extend boiler lifespan.
Safety Features: Incorporating safety mechanisms to prevent accidents and ensure safe operation is paramount.
From my experience working in the manufacturing sector, the integration of gas-fired steam boilers has markedly improved our production efficiency. The transition to natural gas not only reduced our operational costs but also ensured compliance with environmental standards, reflecting a broader trend across North American industries.
In summary, the North American gas-fired steam boiler market is poised for robust growth, driven by diverse industrial applications and a collective shift towards energy-efficient and environmentally friendly solutions.
North America Gas Fired Steam Boiler Market
Get an In-Depth Research Analysis of the North America Gas Fired Steam Boiler Market Size And Forecast [2025-2032]
Weil-McLain
Alfa Laval
Lennox
Miura
JUMAG
Thermax
Henan Sitong Boiler
Cleaver-Brooks
Dunkirk Radiator Corporation
Rollce Engineering Pte Ltd
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Gas Fired Steam Boiler Market
Industrial
Residential
Commercial
Based on Types the Market is categorized into Below types that held the largest Gas Fired Steam Boiler market share In 2023.
Multiple Steam Units
Single Steam Unit
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Gas Fired Steam Boiler Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Gas Fired Steam Boiler Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Gas Fired Steam Boiler Market, By Type
6. North America Gas Fired Steam Boiler Market, By Application
7. North America Gas Fired Steam Boiler Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Gas Fired Steam Boiler Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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