North America Steam Boiler Market Size, Strategies and Segment Forecast to 2034
North America Steam Boiler Market Size- By Capacity, By Fuel, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: POAE25100 | Pages: 1 - 244 | Formats*: |
| Category : Power & Energy | |||
North America Steam Boiler Market Introduction and Overview
According to SPER Market Research, the North America Steam Boiler Market is estimated to reach USD 2.75 billion by 2034 with a CAGR of 5.82%.
The report includes an in-depth analysis of the North America Steam Boiler Market, including market size and trends, product mix, Applications, and supplier analysis. The North American steam boiler market is expected to increase at a compound annual growth rate (CAGR) of 5.82% between 2025 and 2034, from its 2024 valuation of USD 2.75 billion. Significant investments from both public and private sectors in the healthcare industry, coupled with a thriving pharmaceutical sector, are expected to positively influence the growth of this industry.
By Capacity Insights
The steam boiler with a capacity of ≤ 10 MMBtu/hr is expected to dominate the market by 2034. The introduction of stringent emission regulations aimed at deploying advanced heating systems, along with a rising rate of urbanization, will create a favorable business environment. Increased investments from publicly traded companies to expand their operational facilities will significantly enhance product deployment. Additionally, both government and private institutions are focusing on providing space heating solutions in buildings, which will subsequently drive technological demand.
By Application Insights
The industrial boiler market is projected to experience the fastest compound annual growth rate (CAGR) through 2034. Policy interventions, environmental regulations, trade facilitation, and technological innovations are among the primary mechanisms through which governments are empowering their industries to satisfy the increasing domestic demand and penetrate international markets. This has resulted in a rise in foreign direct investment (FDI) inflows and heightened domestic investments in new industrial facilities, leading to a greater demand for these boilers.
Regional Insights
The United States is expected to dominate the steam boiler industry by 2034. A continuous increase in the pipeline for manufacturing plants, in conjunction with ongoing government initiatives aimed at the development of large-scale projects and supportive regulations and policies, will invigorate business dynamics. The growing demand for space heating, coupled with low winter temperatures and the ongoing modernization and expansion of existing commercial facilities, will further support industry growth.
Market Competitive Landscape
Miura America focuses on manufacturing boilers, providing innovative solutions for a range of industrial and commercial uses. Their boilers are recognized for their compact design, facilitating space-saving installations. This aspect is especially advantageous for facilities with restricted space or those aiming to enhance their layout. The company’s systems are designed for maximum energy efficiency, assisting businesses in lowering their carbon footprint and operational expenses.
Recent Developments:
In January 2023, Clayton Industries implemented 600 horsepower E series boilers, accompanied by customized steam solutions for their corrugation facility. The E series boiler range spans from 150 to 2,000 boiler horsepower, providing a wide range of possibilities. Additionally, it features sophisticated capabilities including skid mounting, containerization, fired steam generators, and fully modulated automatic controls.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Capacity, By Fuel, By Technology, By Application |
| Regions covered | Canada, Mexico, United States |
| Companies Covered | Atlantic Boilers, Babcock & Wilcox Enterprises, Inc, Babcock Wanson, Bosch Industriekessel GmbH, Clayton Industries, Cleaver-Brooks, Cochran, Doosan Heavy Industries & Construction, FERROLI S.p.A, Forbes Marshall. |
Key Topics Covered in the Report
- North America Steam Boiler Market Size (FY’2021-FY’2034)
- Overview of North America Steam Boiler Market
- Segmentation of North America Steam Boiler Market By Capacity (≤ 10 MMBtu/hr, > 10 - 50 MMBtu/hr, > 50 - 100 MMBtu/hr, > 100 - 250 MMBtu/hr, > 250 MMBtu/hr)
- Segmentation of North America Steam Boiler Market By Fuel (Natural Gas, Oil, Coal)
- Segmentation of North America Steam Boiler Market By Technology (Condensing, Non-Condensing)
- Segmentation of North America Steam Boiler Market By Application (Industrial, Commercial)
- Statistical Snap of North America Steam Boiler Market
- Expansion Analysis of North America Steam Boiler Market
- Problems and Obstacles in North America Steam Boiler Market
- Competitive Landscape in the North America Steam Boiler Market
- Details on Current Investment in North America Steam Boiler Market
- Competitive Analysis of North America Steam Boiler Market
- Prominent Players in the North America Steam Boiler Market
- SWOT Analysis of North America Steam Boiler Market
- North America Steam Boiler Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.North America Steam Boiler Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Steam Boiler Market
7.North America Steam Boiler Market, By Capacity (USD Million) 2021-2034
7.1. ≤ 10 MMBtu/hr7.2.> 10 - 50 MMBtu/hr7.3.> 50 - 100 MMBtu/hr7.4.> 100 - 250 MMBtu/hr7.5.> 250 MMBtu/hr
8.North America Steam Boiler Market, By Fuel (USD Million) 2021-2034
8.1.Natural Gas8.2.Oil8.3.Coal8.4.Others
9.North America Steam Boiler Market, By Technology (USD Million) 2021-2034
9.1.Condensing9.2.Non-Condensing
10.North America Steam Boiler Market, By Application (USD Million) 2021-2034
10.1.Industrial10.2.Commercial
11.North America Steam Boiler Market, (USD Million) 2021-2034
11.1.North America Steam Boiler Market Size and Market Share
12.North America Steam Boiler Market, By Region, (USD Million) 2021-2034
12.1.Canada12.2.Mexico12.3.United States
13.Company Profile
13.1.Atlantic Boilers13.1.1.Company details13.1.2.Financial outlook13.1.3.Product summary13.1.4.Recent developments13.2.Babcock & Wilcox Enterprises, Inc13.2.1.Company details13.2.2.Financial outlook13.2.3.Product summary13.2.4.Recent developments13.3.Babcock Wanson13.3.1.Company details13.3.2.Financial outlook13.3.3.Product summary13.3.4.Recent developments13.4.Bosch Industriekessel GmbH13.4.1.Company details13.4.2.Financial outlook13.4.3.Product summary13.4.4.Recent developments13.5.Clayton Industries13.5.1.Company details13.5.2.Financial outlook13.5.3.Product summary13.5.4.Recent developments13.6.Cleaver-Brooks13.6.1.Company details13.6.2.Financial outlook13.6.3.Product summary13.6.4.Recent developments13.7.Cochran13.7.1.Company details13.7.2.Financial outlook13.7.3.Product summary13.7.4.Recent developments13.8.Doosan Heavy Industries & Construction13.8.1.Company details13.8.2.Financial outlook13.8.3.Product summary13.8.4.Recent developments13.9.FERROLI S.p.A13.9.1.Company details13.9.2.Financial outlook13.9.3.Product summary13.9.4.Recent developments13.10.Forbes Marshall13.10.1.Company details13.10.2.Financial outlook13.10.3.Product summary13.10.4.Recent developments13.11.Others
14.Conclusion
15.List of Abbreviations
16.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Steam Boiler Market projected to reach USD 2.75 by 2034, growing at a CAGR of 5.82% during the forecast period.
North America Steam Boiler Market from 2025. The Market is expected to reach USD 2.75 by 2034, at a CAGR of 5.82% during the forecast period.
North America Steam Boiler Market CAGR of 5.82% during the forecast period.
You can get the sample pages by clicking the link - Click Here
North America Steam Boiler Market size is USD 2.75 from 2025 to 2034.
"North America Steam Boiler Market covered By Capacity, By Fuel, By Technology, By Application"
The North America is anticipated to have the highest Market share in the North America Steam Boiler Market .
"
Atlantic Boilers, Babcock & Wilcox Enterprises, Inc, Babcock Wanson, Bosch Industriekessel GmbH, Clayton Industries, Cleaver-Brooks, Cochran, Doosan Heavy Industries & Construction, FERROLI S.p.A, Forbes Marshall."
The report includes an in-depth analysis of the North America Steam Boiler Market, including market size and trends, product mix, Applications, and supplier analysis.
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