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U.S. Commercial Boiler Market is set to exceed 80,000 units by 2024

Author : Rahul Sankrityayan | Published Date : 2019-05-17 

U.S. Commercial Boiler Market size will exceed USD 3.5 Billion by 2024, as reported in the latest study by Global Market Insights, Inc.

Rising investment towards infrastructure development across education sector along with federal spending towards improvement of healthcare facilities will drive the U.S. commercial boiler market size. Steam generation for water and space heating in hospitals, diagnostic & rehabilitation centers and equipment sterilization are some of the key healthcare applications of these products.

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U.S. commercial boiler market capacity from lodgings accounted for over 67,000 MMBtu/hr in 2017. These products are predominately deployed for hot water and steam generation across hotels, dormitories, retirement & nursing homes and guest cottages. Positive outlook towards hospitality sector has resulted in growing installation of these products.

Rising consumer awareness toward energy efficient heating systems coupled with advancements in control and operation will drive the replacement of traditional heating systems with high efficiency condensing units. Remote diagnostics, boiler to boiler communication systems and ability to synchronize with building automation systems are some of the key features of modern systems which will enhance the business landscape.

Stringent regulatory norms toward CO2 emissions will fuel the demand for condensing commercial boilers. These systems offer improved efficiency by tapping the heat from the flue gases. Improved fuel savings, and compliance with the emission and efficiency norms are some of prominent features which will drive the product demand over forecast period.

Growing effort towards limiting GHG emissions from commercial and industrial centers will fuel the commercial boiler market potential. Federal government along with state agencies have introduced a range of policies to limit the carbon emission across key economic sectors. For instance, National Emission Standards for Hazardous Air Pollutants, introduced by the U.S. government aims to restrict the emissions of carbon mono oxide, mercury, particulate matter and other pollutants.

Commercial boiler market from natural gas is anticipated to witness robust growth on account of abundant gas availability and its easier storage. Some of the distinct advantages of gas fired units include low noise, reduced operating costs and absence of soot. California, New York, Texas, Illinois and Louisiana are some of the prominent states with comparatively high gas consumptions.

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Ohio commercial boiler market is projected to exceed USD 150 million in 2024. Positive outlook toward healthcare sector coupled with growing deployment of energy efficient buildings will fuel the product demand. In 2015, state’s construction sector witnessed growth of over 6% from the previous year accounting for USD 22 billion.

U.S. commercial boiler market is anticipated to witness robust growth subject to consistent need for energy efficient space heating systems across cold climatic regions. North Dakota, South Dakota, Minnesota and Alaska have been some of the coldest regions in the U.S. with average winter temperatures reaching 12°F.

Major U.S. commercial boiler market participants include Cleaver-Brooks, Fulton, Burnham, Parker, Bradford White, PB Heat, Weil-McLain, A.O. Smith, Babcock and Wilcox, Miura, Northwest Manufacturing, Victory Energy, P.M. Lattner, Precision, Johnston, Rite Engineering, Columbia, Hurst, Groupe Simoneau, Superior, RBI, Vapor Power and Clayton.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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