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North America Industrial Boilers Market

ID: MRFR/EnP/52505-HCR
128 Pages
Snehal Singh
October 2025

North America Industrial Boilers Market Research Report By Fuel (Natural Gas, Coal, Oil, Others), By Boiler type (Fire-Tube, Water-Tube), By Rated Capacity (0.1 to 0.35 MW, 0.35 to 0.7 MW, 0.7 MW to 1 MW), By End-User (Food & Beverages, Chemicals, Metal, Plastic, Textile, Wood, Paper, District heating, Others) and By Regional (US, Canada) - Forecast to 2035

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North America Industrial Boilers Market Summary

As per MRFR analysis, the North America industrial boilers market size was estimated at 1500.0 USD Million in 2024. The North America industrial boilers market is projected to grow from 1657.5 USD Million in 2025 to 4500.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 10.5% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The North America industrial boilers market is experiencing a transformative shift towards enhanced efficiency and sustainability.

  • The market is witnessing a notable shift towards energy efficiency, driven by rising operational costs.
  • Integration of smart technologies is becoming increasingly prevalent, enhancing operational control and monitoring.
  • There is a growing emphasis on environmental compliance, particularly in the US, which is the largest market for industrial boilers.
  • Rising industrial demand and regulatory frameworks are key drivers propelling market growth in both the US and Canada.

Market Size & Forecast

2024 Market Size 1500.0 (USD Million)
2035 Market Size 4500.0 (USD Million)

Major Players

Bosch (DE), General Electric (US), Siemens (DE), Fulton (US), Mitsubishi (JP), Babcock & Wilcox (US), Cleaver-Brooks (US), Thermo Dynamics (US)

North America Industrial Boilers Market Trends

The industrial boilers market in North America is currently experiencing a transformative phase, driven by a combination of regulatory pressures and technological advancements. The increasing emphasis on energy efficiency and environmental sustainability is prompting industries to adopt more efficient boiler systems. This shift is not merely a response to market demands but also a proactive measure to comply with stringent regulations aimed at reducing emissions. As a result, manufacturers are innovating to produce boilers that not only meet but exceed these regulatory standards, thereby enhancing their competitive edge. Moreover, the market is witnessing a growing trend towards the integration of smart technologies within boiler systems. These advancements facilitate real-time monitoring and control, leading to improved operational efficiency and reduced downtime. The adoption of IoT-enabled solutions is becoming more prevalent, allowing for predictive maintenance and optimized performance. This trend indicates a significant shift in how industries approach boiler management, moving towards a more data-driven and automated framework. Overall, the industrial boilers market is poised for growth, with a clear trajectory towards sustainability and technological integration.

Shift Towards Energy Efficiency

The industrial boilers market is increasingly focusing on energy-efficient solutions. This trend is driven by regulatory requirements and the need for cost savings. Companies are investing in advanced technologies that enhance boiler performance while minimizing energy consumption.

Integration of Smart Technologies

The incorporation of smart technologies in boiler systems is gaining traction. IoT-enabled devices allow for real-time monitoring and data analysis, leading to improved efficiency and reduced operational costs. This trend reflects a broader move towards automation in industrial processes.

Emphasis on Environmental Compliance

There is a growing emphasis on compliance with environmental regulations within the industrial boilers market. Companies are adopting cleaner technologies to meet stringent emission standards, which not only helps in regulatory adherence but also enhances corporate sustainability efforts.

North America Industrial Boilers Market Drivers

Focus on Cost Reduction

In the competitive landscape of the industrial boilers market in North America, companies are increasingly focused on cost reduction strategies. Rising energy prices and operational costs compel industries to seek more efficient boiler solutions that minimize fuel consumption and maintenance expenses. By investing in high-efficiency boilers, companies can achieve substantial savings over time. Reports suggest that businesses can reduce their energy costs by up to 20% by upgrading to modern boiler systems. This focus on cost efficiency not only drives sales in the industrial boilers market but also encourages manufacturers to develop products that meet the evolving needs of cost-conscious consumers.

Rising Industrial Demand

The industrial boilers market in North America experiences a notable surge in demand due to the expansion of various sectors such as manufacturing, food processing, and pharmaceuticals. As industries strive to enhance productivity, the need for efficient heating solutions becomes paramount. In 2025, the market is projected to reach approximately $3 billion, reflecting a compound annual growth rate (CAGR) of around 5%. This growth is driven by the increasing need for reliable steam and hot water generation, which is essential for numerous industrial processes. Consequently, manufacturers are compelled to innovate and upgrade their boiler systems to meet the rising demand, thereby propelling the industrial boilers market forward.

Technological Advancements

Technological advancements play a crucial role in shaping the industrial boilers market in North America. Innovations such as modular boiler systems, advanced control technologies, and improved heat recovery systems enhance operational efficiency and reduce fuel consumption. The integration of IoT and automation in boiler systems allows for real-time monitoring and predictive maintenance, which can lead to significant cost savings. As industries increasingly prioritize efficiency, the adoption of these advanced technologies is expected to rise. By 2026, the market for technologically advanced boilers could account for over 40% of total sales, indicating a strong trend towards modernization in the industrial boilers market.

Regulatory Frameworks and Standards

The industrial boilers market in North America is significantly influenced by stringent regulatory frameworks aimed at reducing emissions and enhancing energy efficiency. Government agencies enforce regulations that mandate compliance with environmental standards, compelling industries to adopt advanced boiler technologies. For instance, the Environmental Protection Agency (EPA) has established guidelines that necessitate the use of low-emission boilers. This regulatory landscape not only drives the adoption of cleaner technologies but also fosters innovation within the industrial boilers market. As companies invest in compliant systems, the market is likely to witness a shift towards more sustainable practices, ultimately benefiting both the environment and the industry.

Shift Towards Renewable Energy Sources

The industrial boilers market in North America is witnessing a gradual shift towards renewable energy sources as industries seek to reduce their carbon footprint. The increasing availability of biomass, solar, and geothermal energy options presents new opportunities for boiler manufacturers. This transition is supported by government incentives and subsidies aimed at promoting sustainable energy practices. As industries adopt renewable energy solutions, the demand for boilers that can efficiently utilize these resources is expected to rise. By 2027, it is anticipated that renewable energy boilers could represent a significant portion of the market, reflecting a broader trend towards sustainability in the industrial boilers market.

Market Segment Insights

By Boiler type: Natural Gas (Largest) vs. Coal (Fastest-Growing)

The market share distribution among boiler types reveals Natural Gas as the dominant segment, contributing a significant portion to the total market. Following closely, Coal holds a commendable share, while Oil and Others occupy smaller niches. This distribution illustrates a clear preference within the industry, driven largely by the environmental and economic factors influencing fuel choice. Growth trends indicate a substantial shift towards Coal, particularly as innovations in emission reduction technologies make it more appealing for new installations. Meanwhile, Natural Gas continues to benefit from its availability and cost-effectiveness, but its growth is tempered by increasing regulatory pressures. The dynamics suggest a robust competition between these segments, influenced by evolving energy policies and market demands.

Natural Gas: Dominant vs. Coal: Emerging

Natural Gas boilers are characterized by their superior efficiency and lower emissions, making them a preferred choice for many industrial applications. They benefit from a well-established infrastructure and competitive pricing, which enhances their market position. Conversely, Coal-fired boilers are emerging due to advancements in clean coal technologies that mitigate environmental impacts. The transition towards cleaner energy solutions boosts their attractiveness amid stringent regulations. While Natural Gas remains dominant, Coal is gaining traction as industries seek sustainable yet economically viable solutions. This shift reflects broader energy trends, where traditional fuel sources adapt to meet contemporary challenges.

By Rated Capacity: 0.35 to 0.7 MW (Largest) vs. 0.1 to 0.35 MW (Fastest-Growing)

In the North America industrial boilers market, the rated capacity segment shows a diverse distribution among three key ranges. The 0.35 to 0.7 MW segment holds the largest share, appealing to medium-sized enterprises looking for efficient energy solutions. Meanwhile, the 0.1 to 0.35 MW segment is gaining traction, targeting smaller operations that prioritize compact and versatile systems. The growth trends in this segment are driven by increasing demand for energy-efficient solutions and stricter regulatory standards. The 0.35 to 0.7 MW segment benefits from established applications in manufacturing and process heating, while the 0.1 to 0.35 MW segment is emerging quickly, appealing to a niche market of startups and smaller industries focused on sustainability and low operational costs.

0.35 to 0.7 MW (Dominant) vs. 0.1 to 0.35 MW (Emerging)

The 0.35 to 0.7 MW rated capacity segment is currently the dominant player in the market, characterized by its ability to deliver efficient and reliable steam and hot water solutions for medium-scale operations. This capacity range is particularly favored in manufacturing, where its output meets the growing demand for energy while adhering to regulatory mandates. In contrast, the 0.1 to 0.35 MW segment is emerging as a viable option for smaller businesses, offering compact and cost-effective solutions that align with sustainability goals. Smaller enterprises are increasingly opting for these systems due to their operational flexibility and lower initial investment, positioning them well in the shifting landscape of energy consumption.

By Temperature: High (Largest) vs. Low (Fastest-Growing)

In the Temperature segment, the market distribution reveals that High temperature applications dominate the landscape, holding a significant share due to their widespread use in heavy industrial processes. However, Low temperature applications are rapidly gaining traction, driven by emerging technologies and evolving customer preferences that prioritize energy efficiency and sustainability. The Medium temperature segment maintains a steady position, catering to specific operational needs across various industries. The growth trends within this segment are influenced by several key factors. High temperature applications are widely adopted in sectors such as power generation and manufacturing, contributing to their robust market presence. Conversely, the increasing demand for Low temperature systems is fueled by advancements in green technologies and a shift towards more sustainable practices, marking it as the fastest-growing area within the sector. These dynamics illustrate a transition in consumer preference towards energy-efficient solutions.

High (Dominant) vs. Low (Emerging)

High temperature applications are characterized by their ability to operate under extreme thermal conditions, making them essential for industries like petrochemicals and power generation. These applications are favored for their efficiency and reliability in high-demand situations. On the other hand, Low temperature applications have emerged as an innovative response to the growing need for eco-friendly solutions. Typically used in sectors emphasizing energy efficiency, these systems are gaining popularity, particularly in industrial settings aiming to reduce carbon footprints. The shift towards Low temperature solutions showcases a trend toward minimizing energy consumption while meeting operational requirements, thus elevating their status in the competitive market landscape.

By End User: Chemical (Largest) vs. Food & Beverages (Fastest-Growing)

The market share distribution among the end user segments indicates that the Chemical sector holds the largest share in the industrial boilers market, driven by the high demand for steam and hot water for various applications. Following closely, the Food & Beverages segment is rapidly expanding, reflecting an increasing reliance on efficient heating solutions to meet stringent food safety and processing requirements. Other sectors such as Metal and Plastics also contribute to the overall market, though at a comparatively smaller scale. Growth trends in this segment are primarily influenced by the rise in industrial output and the ongoing modernization of manufacturing facilities. The Chemical sector benefits from continuous innovations and technological advancements, enhancing efficiency and sustainability in boiler operations. Meanwhile, the Food & Beverages sector is witnessing a swift growth trajectory due to changing consumer trends demanding higher quality products, resulting in increased investment in energy-efficient boiler systems. Emerging trends like the shift towards eco-friendly solutions also bolster growth across all sectors.

Chemical: Dominant vs. Food & Beverages: Emerging

The Chemical sector stands as a dominant force in the industrial boilers market, characterized by its extensive utilization of steam and hot water in chemical processes, including heating, cooling, and chemical reactions. This sector often requires high-capacity boilers that can operate efficiently under varying pressure conditions. Conversely, the Food & Beverages sector is emerging, driven by a surge in demand for energy-efficient heating solutions to ensure food safety and meet regulatory compliance. Boilers in this segment are increasingly being designed for versatility and adaptability, catering to diverse processing needs while prioritizing reduced emissions and enhanced energy efficiency.

Get more detailed insights about North America Industrial Boilers Market

Regional Insights

US : Leading Market with Robust Growth

The US industrial boilers market is valued at $1200.0 million, representing a significant share of approximately 80% of North America's total market. Key growth drivers include increasing energy efficiency regulations, a shift towards sustainable energy sources, and rising industrial production. Demand trends indicate a growing preference for high-efficiency boilers, supported by government initiatives promoting cleaner technologies. Infrastructure investments in manufacturing and energy sectors further bolster market growth.

Canada : Sustainable Development in Focus

Canada's industrial boilers market is valued at $300.0 million, accounting for about 20% of North America's market share. Growth is driven by increasing demand for energy-efficient solutions and government policies aimed at reducing greenhouse gas emissions. The consumption pattern reflects a shift towards eco-friendly technologies, with significant investments in renewable energy projects. Regulatory frameworks are evolving to support sustainable industrial practices, enhancing market potential.

North America Industrial Boilers Market Regional Image

Key Players and Competitive Insights

The industrial boilers market in North America exhibits a competitive landscape characterized by a blend of innovation, strategic partnerships, and a focus on sustainability. Key players such as General Electric (US), Babcock & Wilcox (US), and Cleaver-Brooks (US) are actively shaping the market dynamics. General Electric (US) emphasizes digital transformation and advanced manufacturing techniques, aiming to enhance operational efficiency and reduce emissions. Babcock & Wilcox (US) focuses on sustainable energy solutions, leveraging its expertise in renewable technologies to cater to the evolving demands of the market. Cleaver-Brooks (US) is investing in smart boiler technologies, integrating IoT capabilities to optimize performance and maintenance, thereby enhancing customer value.

The business tactics employed by these companies include localizing manufacturing and optimizing supply chains to respond swiftly to market demands. The competitive structure of the market appears moderately fragmented, with several players vying for market share. However, the collective influence of these key players fosters a dynamic environment where innovation and sustainability are paramount.

In October 2025, General Electric (US) announced a partnership with a leading renewable energy firm to develop hybrid boiler systems that integrate traditional and renewable energy sources. This strategic move is likely to position General Electric (US) at the forefront of the transition towards cleaner energy solutions, aligning with global sustainability goals and enhancing its competitive edge.

In September 2025, Babcock & Wilcox (US) launched a new line of advanced biomass boilers designed to reduce carbon emissions by up to 30%. This initiative not only underscores the company's commitment to sustainability but also addresses the increasing regulatory pressures for cleaner industrial processes, potentially expanding its market share in eco-friendly solutions.

In August 2025, Cleaver-Brooks (US) unveiled a new IoT-enabled boiler management system that allows real-time monitoring and predictive maintenance. This innovation is expected to significantly reduce downtime and operational costs for clients, thereby enhancing customer loyalty and reinforcing Cleaver-Brooks' position as a technology leader in the market.

As of November 2025, the competitive trends in the industrial boilers market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the need to collaborate to enhance their technological capabilities and market reach. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to deliver advanced, sustainable solutions that meet the evolving needs of customers.

Key Companies in the North America Industrial Boilers Market market include

Industry Developments

Recent developments in the North America Industrial Boilers Market have showcased a focus on sustainability and the adoption of advanced technologies. Companies like Miura America and CleaverBrooks are increasingly prioritizing energy efficiency and emissions reduction, aligning with regional regulations aimed at combating climate change. In August 2023, Hurst Boiler announced the launch of a new range of environmentally-friendly boiler models that utilize alternative fuels, responding to heightened demand for green technologies. In terms of mergers and acquisitions, Babcock and Wilcox acquired a leading technology firm in September 2023 to enhance its offerings in the industrial boiler segment. 

Additionally, Honeywell expanded its reach by partnering with leading utility companies in July 2023 to enhance the integration of smart technology in boiler controls. The market valuation of companies such as General Electric and Siemens has witnessed steady growth over the past two years, attributed to rising investments in manufacturing and energy production facilities across North America, with significant projects underway since 2021. The collective efforts of these companies are reshaping the landscape of the North America Industrial Boilers Market, emphasizing technology integration and sustainable practices in response to market demands.

Future Outlook

North America Industrial Boilers Market Future Outlook

The industrial boilers market is projected to grow at a 10.5% CAGR from 2024 to 2035, driven by increasing energy efficiency demands and regulatory support.

New opportunities lie in:

  • Development of advanced combustion technologies for reduced emissions.
  • Expansion into renewable energy integration for hybrid boiler systems.
  • Implementation of IoT solutions for predictive maintenance and operational efficiency.

By 2035, the market is expected to achieve robust growth, driven by innovation and sustainability initiatives.

Market Segmentation

North America Industrial Boilers Market End User Outlook

  • Chemical
  • Food & Beverages
  • Metal
  • Plastics
  • Textile
  • Wood
  • Paper
  • District Heating
  • Others

North America Industrial Boilers Market Boiler type Outlook

  • Natural Gas
  • Coal
  • Oil
  • Others

North America Industrial Boilers Market Temperature Outlook

  • Low
  • Medium
  • High

North America Industrial Boilers Market Rated Capacity Outlook

  • 0.1 to 0.35 MW
  • 0.35 to 0.7 MW
  • 0.7 to 1 MW

Report Scope

MARKET SIZE 20241500.0(USD Million)
MARKET SIZE 20251657.5(USD Million)
MARKET SIZE 20354500.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)10.5% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["Bosch (DE)", "General Electric (US)", "Siemens (DE)", "Fulton (US)", "Mitsubishi (JP)", "Babcock & Wilcox (US)", "Cleaver-Brooks (US)", "Thermo Dynamics (US)"]
Segments CoveredBoiler type, Rated Capacity, Temperature, End User
Key Market OpportunitiesAdoption of advanced energy-efficient technologies in the industrial boilers market enhances sustainability and operational efficiency.
Key Market DynamicsRising demand for energy-efficient industrial boilers driven by stringent environmental regulations and technological advancements.
Countries CoveredUS, Canada

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FAQs

What is the projected market size of the North America Industrial Boilers Market for the year 2024?

The North America Industrial Boilers Market is expected to be valued at 1.27 USD Billion in 2024.

What is the expected growth rate (CAGR) for the North America Industrial Boilers Market from 2025 to 2035?

The expected CAGR for the North America Industrial Boilers Market from 2025 to 2035 is 10.737%.

Which fuel type holds the largest market share in the North America Industrial Boilers Market for 2024?

Natural Gas is projected to hold the largest market share, valued at 0.55 USD Billion in 2024.

What is the expected market size for Coal in the North America Industrial Boilers Market by 2035?

The market size for Coal in the North America Industrial Boilers Market is expected to reach 0.76 USD Billion by 2035.

What is the market size for Industrial Boilers in the US for 2024?

The Industrial Boilers Market in the US is valued at 0.85 USD Billion in 2024.

What is the projected market value for Canada in the North America Industrial Boilers Market by 2035?

The market value for Canada in the North America Industrial Boilers Market is expected to be 1.35 USD Billion by 2035.

What are some key players in the North America Industrial Boilers Market?

Major players include Miura America, CleaverBrooks, and Babcock & Wilcox among others.

What is the expected contribution of Oil fuel type to the market by 2035?

The contribution of Oil to the market is expected to be 0.92 USD Billion by 2035.

What challenges are faced by the North America Industrial Boilers Market?

The market faces challenges such as regulatory compliance and fluctuating fuel prices.

What is the projected market value for 'Others' fuel type in the North America Industrial Boilers Market for 2035?

The projected market value for 'Others' fuel type is expected to reach 0.56 USD Billion by 2035.

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