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US Power Boilers Market

ID: MRFR/EnP/13529-HCR
100 Pages
Garvit Vyas
October 2025

US Power Boilers Market Research Report By Application (Power Generation, Industrial Processes, Marine Applications, District Heating), By Fuel Type (Natural Gas, Coal, Biomass, Oil), By Type (Fire-Tube Boilers, Water-Tube Boilers, Supercritical Boilers) and By End Use Industry (Electricity Generation, Manufacturing, Oil Gas, Chemical) - Forecast to 2035

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US Power Boilers Market Infographic
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US Power Boilers Market Summary

As per MRFR analysis, the US power boilers market Size was estimated at 4925.31 USD Million in 2024. The US power boilers market is projected to grow from 5113.95 USD Million in 2025 to 7445.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 3.83% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US power boilers market is experiencing a transformative shift towards sustainability and efficiency.

  • The market is witnessing a notable shift towards renewable energy sources, driven by environmental concerns.
  • Technological advancements in boiler design are enhancing performance and reducing emissions across various applications.
  • Energy efficiency is becoming a focal point, with industries seeking to optimize operations and reduce costs.
  • Regulatory compliance and emission standards are major drivers, alongside rising demand for industrial applications.

Market Size & Forecast

2024 Market Size 4925.31 (USD Million)
2035 Market Size 7445.0 (USD Million)

Major Players

General Electric (US), Siemens (DE), Mitsubishi Power (JP), Babcock & Wilcox (US), Alstom (FR), Foster Wheeler (US), Doosan Heavy Industries (KR), Thermax (IN), Hitachi Zosen (JP)

US Power Boilers Market Trends

The power boilers market is currently experiencing a transformative phase, driven by a combination of regulatory changes, technological advancements, and shifting energy demands. As environmental concerns gain prominence, there is a noticeable shift towards cleaner and more efficient boiler technologies. This transition is not merely a response to regulatory pressures but also reflects a broader commitment to sustainability within the energy sector. Companies are increasingly investing in innovative solutions that enhance energy efficiency and reduce emissions, aligning with national goals for carbon neutrality. Moreover, the market is witnessing a growing trend towards the integration of digital technologies. Smart boilers equipped with IoT capabilities are becoming more prevalent, allowing for real-time monitoring and optimization of performance. This technological evolution not only improves operational efficiency but also provides valuable data for predictive maintenance, thereby reducing downtime and operational costs. As the landscape evolves, stakeholders in the power boilers market must remain agile, adapting to these changes while capitalizing on emerging opportunities.

Shift Towards Renewable Energy Sources

There is a marked trend towards the adoption of renewable energy sources within the power boilers market. This shift is largely influenced by government policies aimed at reducing greenhouse gas emissions and promoting sustainable energy solutions. As a result, manufacturers are increasingly developing boilers that can efficiently utilize biomass and other renewable fuels, thereby enhancing their market appeal.

Technological Advancements in Boiler Design

Innovations in boiler design are significantly impacting the power boilers market. Enhanced efficiency and reduced emissions are at the forefront of these advancements. Manufacturers are focusing on creating compact, high-efficiency boilers that meet stringent environmental standards, which not only comply with regulations but also cater to the growing demand for sustainable energy solutions.

Increased Focus on Energy Efficiency

Energy efficiency remains a critical focus within the power boilers market. Stakeholders are prioritizing the development of systems that minimize energy consumption while maximizing output. This trend is driven by both economic considerations and regulatory requirements, as businesses seek to lower operational costs and meet energy efficiency mandates.

US Power Boilers Market Drivers

Investment in Infrastructure Development

Infrastructure development in the US is a significant driver for the power boilers market. The government's focus on upgrading and expanding energy infrastructure, including power plants and industrial facilities, is expected to create substantial opportunities for boiler manufacturers. With an estimated investment of over $1 trillion in infrastructure projects over the next decade, the power boilers market stands to benefit from increased demand for efficient and reliable boiler systems. This investment is likely to stimulate innovation and technological advancements, further enhancing the market's growth potential.

Rising Demand for Industrial Applications

The power boilers market is experiencing a surge in demand driven by various industrial applications. Industries such as manufacturing, food processing, and chemical production rely heavily on steam generation for their operations. The increasing industrial output in the US, projected to grow by 3-4% annually, is likely to bolster the demand for power boilers. Furthermore, the need for reliable and efficient steam generation systems is becoming paramount as industries strive to enhance productivity. This trend indicates a robust growth trajectory for the power boilers market, as companies invest in modernizing their boiler systems to meet the rising demand.

Technological Innovations in Fuel Sources

Technological innovations in fuel sources are reshaping the power boilers market. The increasing availability of alternative fuels, such as biomass and biogas, is prompting manufacturers to develop boilers that can efficiently utilize these resources. This shift is driven by the need for sustainable energy solutions and the desire to reduce reliance on fossil fuels. The power boilers market is likely to see a rise in demand for dual-fuel and multi-fuel boilers, which can adapt to various fuel types. This trend may contribute to a market growth of approximately 4-6% as companies seek to enhance their energy portfolios.

Regulatory Compliance and Emission Standards

The power boilers market in the US is increasingly influenced by stringent regulatory compliance and emission standards. Government agencies, such as the Environmental Protection Agency (EPA), have established regulations aimed at reducing greenhouse gas emissions and improving air quality. As a result, manufacturers are compelled to innovate and upgrade their boiler systems to meet these standards. This trend is likely to drive investments in advanced technologies that enhance efficiency and reduce emissions. The market is projected to grow as companies seek to comply with regulations, potentially leading to a market value increase of approximately 5-7% annually. The power boilers market must adapt to these evolving regulations to remain competitive and sustainable.

Shift Towards Combined Heat and Power Systems

The power boilers market is witnessing a notable shift towards combined heat and power (CHP) systems. These systems, which simultaneously generate electricity and useful heat, are gaining traction due to their efficiency and sustainability benefits. The US government is promoting CHP systems as a means to enhance energy efficiency and reduce emissions. This trend is likely to drive the power boilers market as businesses and utilities seek to optimize energy use and lower operational costs. The adoption of CHP systems could potentially lead to a market growth rate of 6-8% in the coming years.

Market Segment Insights

By Application: Power Generation (Largest) vs. Industrial Processes (Fastest-Growing)

In the US power boilers market, the application sector is primarily dominated by Power Generation, capturing a significant market share. This segment plays a critical role in supplying energy to various industrial and residential consumers, underlining its importance in the overall structure of the energy sector. Following closely is the Industrial Processes segment, which has shown a growing appeal due to increasing industrial activities and the need for reliable energy sources to drive these processes. The growth trends in the application segment are driven by several factors, including the push for cleaner energy solutions and advancements in technology. The demand for efficient and eco-friendly power generation solutions continues to rise, while Industrial Processes enjoy traction from sectors such as manufacturing and chemicals. Marine Applications and District Heating are emerging contributors but are still in the early growth stages compared to the leading segments.

Power Generation (Dominant) vs. Marine Applications (Emerging)

Power Generation remains the dominant segment within the US power boilers market, characterized by its established infrastructure and extensive utilization across utilities. This segment benefits from regulatory support focused on sustainable energy production, leading to investments in modern, efficient boiler technologies. In contrast, Marine Applications represent an emerging segment, gaining interest due to the rising emphasis on sustainable practices within shipping and maritime operations. Although still developing, this segment holds potential for significant growth as regulations tighten and the demand for cleaner alternatives increases. The combination of these two segments illustrates the broad spectrum of application needs, from traditional energy generation to innovative solutions in maritime industries.

By Fuel Type: Natural Gas (Largest) vs. Biomass (Fastest-Growing)

In the US power boilers market, the fuel type segment exhibits a significant distribution of market share, with Natural Gas holding the largest share due to its cleaner combustion and cost-effectiveness compared to traditional fossil fuels. Coal and Oil continue to play important roles, though their shares are gradually decreasing as environmental regulations tighten and the demand for cleaner energy solutions grows. Biomass, while a smaller segment, shows a promising increase in market presence as more facilities adopt sustainable practices. Growth trends in the US power boilers market are being influenced by several drivers, including stricter emissions regulations and a shift toward renewable energy sources. Natural Gas remains a favored choice among power plants for its efficiency and lower greenhouse gas emissions. Meanwhile, Biomass emerges as the fastest-growing fuel type, supported by advancements in technology and a societal push for greener energy alternatives. The transition from Coal is also prominent, as utility companies seek to enhance their sustainability profiles.

Natural Gas: Dominant vs. Biomass: Emerging

Natural Gas has established itself as the dominant fuel type in the US power boilers market due to its efficiency and reduced environmental impact. Power plants utilizing Natural Gas benefit from lower operating costs and compliance with regulations focused on emissions. Conversely, Biomass presents an emerging alternative, harnessing organic materials for energy production. As technologies advance, Biomass's appeal lies in its renewability and ability to contribute to carbon neutrality goals. The increasing interest in sustainable energy solutions positions Biomass for accelerated growth, making it a key player in the transition towards a more sustainable energy landscape.

By Type: Fire-Tube Boilers (Largest) vs. Water-Tube Boilers (Fastest-Growing)

In the US power boilers market, Fire-Tube Boilers currently hold the largest share, appealing to a broad range of industrial applications due to their efficiency and reliability. Water-Tube Boilers, while smaller in market share, are experiencing rapid growth driven by their ability to produce steam at higher pressures, making them increasingly popular in modern industrial processes. Growth trends indicate a strong shift towards Water-Tube Boilers as industries strive for efficiency and higher operational outputs. Factors contributing to this trend include the push for cleaner technologies and stringent emissions regulations, which favor systems that can operate at optimized efficiency levels. Additionally, advancements in materials and technology are enhancing the competitiveness of Water-Tube Boilers, further solidifying their place in the market.

Fire-Tube Boilers: Dominant vs. Water-Tube Boilers: Emerging

Fire-Tube Boilers are well-established in the US power boilers market, renowned for their simplicity and ability to handle fluctuations in steam demand effectively. They operate by heating water within tubes surrounded by hot gases, making them highly efficient for moderate pressure applications. In contrast, Water-Tube Boilers are emerging as a viable alternative thanks to their design, which allows for higher pressure and temperature steam generation. They utilize water-filled tubes that are heated from the outside, enabling scalable power production suitable for various industrial needs. This versatility, alongside increasing regulatory requirements focused on emissions and efficiency, positions Water-Tube Boilers as a dynamic choice for contemporary applications, appealing to industries aiming for innovation.

By End Use Industry: Electricity Generation (Largest) vs. Manufacturing (Fastest-Growing)

In the US power boilers market, the Electricity Generation segment holds a significant share, dominating the landscape with its extensive use of boilers for power generation. The Manufacturing segment, while smaller in share, exhibits the most rapid growth, driven by increasing industrial activities and the need for efficient energy sources. Both segments are crucial in powering the economy, but their dynamics differ based on end-use applications and energy requirements. The growth trends in the Electricity Generation sector are propelled by the ongoing transition to cleaner energy sources, with investments in renewable energy technologies influencing boiler operations. Conversely, the Manufacturing segment's expansion is fueled by heightened demand for steam and thermal energy applications across various industries, making it a key player in the market. The inclination toward efficient and sustainable practices in manufacturing processes further supports this segment's growth trajectory.

Electricity Generation: Dominant vs. Manufacturing: Emerging

The Electricity Generation segment is characterized by its substantial role in producing power through steam and thermal energy, utilizing a variety of boiler technologies to optimize efficiency and emissions. It remains dominant in the US power boilers market, largely due to longstanding infrastructure and regulatory incentives for clean energy use. In contrast, the Manufacturing segment is emerging as a vital component, driven by the industry's push for energy efficiency and sustainable operations. This segment engages in the use of power boilers for diverse applications, spanning from food processing to textiles, emphasizing the need for high-efficiency systems. Together, they illustrate the varied demands and technological advancements shaping the US power boilers market.

Get more detailed insights about US Power Boilers Market

Key Players and Competitive Insights

The power boilers market in the US exhibits a dynamic competitive landscape characterized by a blend of innovation, strategic partnerships, and a focus on sustainability. Key players such as General Electric (US), Siemens (DE), and Babcock & Wilcox (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. General Electric (US) emphasizes digital transformation and advanced manufacturing techniques, aiming to optimize efficiency and reduce emissions. Siemens (DE) focuses on integrating renewable energy solutions into its boiler systems, reflecting a commitment to sustainability. Babcock & Wilcox (US) is actively pursuing strategic partnerships to expand its technological capabilities and market reach, particularly in the realm of clean energy solutions. Collectively, these strategies contribute to a competitive environment that prioritizes innovation and environmental responsibility.

In terms of business tactics, companies are increasingly localizing manufacturing to enhance supply chain resilience and reduce operational costs. This approach is particularly relevant in a moderately fragmented market where the influence of key players is pronounced. The competitive structure allows for both established firms and emerging players to coexist, fostering an environment ripe for innovation and collaboration.

In October 2025, General Electric (US) announced a partnership with a leading renewable energy firm to develop hybrid power systems that integrate gas and renewable sources. This strategic move is significant as it positions General Electric (US) to capitalize on the growing demand for cleaner energy solutions, aligning with regulatory trends and consumer preferences for sustainability. The collaboration is expected to enhance their product offerings and market share in the evolving energy landscape.

In September 2025, Siemens (DE) launched a new line of power boilers designed specifically for biomass applications, reflecting a strategic pivot towards renewable energy sources. This initiative not only diversifies Siemens' product portfolio but also addresses the increasing regulatory pressures for carbon reduction. The introduction of these boilers is likely to strengthen Siemens' competitive edge in the market, appealing to environmentally conscious consumers and industries.

In August 2025, Babcock & Wilcox (US) secured a contract for a large-scale boiler project aimed at enhancing energy efficiency in a major industrial facility. This contract underscores Babcock & Wilcox's commitment to providing innovative solutions that meet the demands of modern energy consumers. The project is anticipated to significantly reduce operational costs for the client while showcasing Babcock & Wilcox's expertise in advanced boiler technology.

As of November 2025, the competitive trends in the power boilers market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming more prevalent, enabling companies to leverage complementary strengths and enhance their technological capabilities. Looking ahead, the competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancement, and supply chain reliability. This shift suggests that companies that prioritize these aspects will be better positioned to thrive in an increasingly complex market.

Key Companies in the US Power Boilers Market market include

Industry Developments

In recent months, the US Power Boilers Market has experienced noteworthy developments, particularly with advancements in technology aimed at enhancing efficiency and reducing emissions. Companies such as General Electric, Mitsubishi Hitachi Power Systems, and Siemens are actively investing in innovative solutions to meet stricter environmental regulations. Additionally, the market has shown significant growth, driven by an increasing demand for sustainable energy solutions and the transition from coal to renewable energy sources.In terms of mergers and acquisitions, Babcock and Wilcox announced a strategic partnership with Lurgi in August 2023 to expand their operational capabilities in high-efficiency boiler manufacturing.

Similarly, GE Power's acquisition of a key technology firm in May 2023 has strengthened its position in the market, allowing for improved product offerings. The overall market valuation of industry leaders continues to rise due to these strategic moves, with many companies reporting substantial revenue growth as they adapt to evolving energy demands.Over the past few years, notable events such as the 2021 Infrastructure Investment and Jobs Act have also influenced investments in infrastructure, indirectly supporting the power boiler industry as energy efficiency becomes a priority for the US government.

Future Outlook

US Power Boilers Market Future Outlook

The Power Boilers Market is projected to grow at 3.83% CAGR from 2024 to 2035, driven by increasing energy demands, regulatory support, and technological advancements.

New opportunities lie in:

  • Development of advanced biomass boilers for sustainable energy solutions.
  • Integration of IoT for real-time monitoring and predictive maintenance.
  • Expansion into emerging markets with tailored financing options.

By 2035, the power boilers market is expected to achieve robust growth and enhanced technological integration.

Market Segmentation

US Power Boilers Market Type Outlook

  • Fire-Tube Boilers
  • Water-Tube Boilers
  • Supercritical Boilers

US Power Boilers Market Fuel Type Outlook

  • Natural Gas
  • Coal
  • Biomass
  • Oil

US Power Boilers Market Application Outlook

  • Power Generation
  • Industrial Processes
  • Marine Applications
  • District Heating

US Power Boilers Market End Use Industry Outlook

  • Electricity Generation
  • Manufacturing
  • Oil Gas
  • Chemical

Report Scope

MARKET SIZE 2024 4925.31(USD Million)
MARKET SIZE 2025 5113.95(USD Million)
MARKET SIZE 2035 7445.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 3.83% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled General Electric (US), Siemens (DE), Mitsubishi Power (JP), Babcock & Wilcox (US), Alstom (FR), Foster Wheeler (US), Doosan Heavy Industries (KR), Thermax (IN), Hitachi Zosen (JP)
Segments Covered Application, Fuel Type, Type, End Use Industry
Key Market Opportunities Adoption of advanced emission control technologies in the power boilers market enhances compliance with stringent regulations.
Key Market Dynamics Regulatory shifts and technological advancements drive innovation and competition in the power boilers market.
Countries Covered US

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FAQs

What is the expected market size of the US Power Boilers Market in 2024?

The US Power Boilers Market is expected to be valued at 5.36 USD billion in 2024.

What will be the market value of the US Power Boilers Market in 2035?

In 2035, the US Power Boilers Market is anticipated to reach a value of 6.8 USD billion.

What is the expected CAGR for the US Power Boilers Market between 2025 and 2035?

The expected CAGR for the US Power Boilers Market from 2025 to 2035 is approximately 2.187%.

Which application will have the largest market share in 2035?

The Power Generation application is projected to dominate with a market value of 2.56 USD billion in 2035.

What are the key applications of the US Power Boilers Market?

The key applications include Power Generation, Industrial Processes, Marine Applications, and District Heating.

Who are the major players in the US Power Boilers Market?

Major players include Babcock and Wilcox, Mitsubishi Hitachi Power Systems, GE Power, and Siemens among others.

What will be the market size for Industrial Processes in 2035?

The market size for Industrial Processes in 2035 is expected to reach 1.92 USD billion.

How much is the Marine Applications segment expected to generate by 2035?

Marine Applications are anticipated to generate a market value of 1.04 USD billion by 2035.

What is the market value for District Heating in 2024?

The District Heating application is valued at 1.06 USD billion in 2024.

What are some growth opportunities in the US Power Boilers Market?

Growth opportunities may arise from advancements in technology and increasing demand for energy efficiency in various applications.

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