• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    US Steam Boiler Market

    ID: MRFR/E&P/11784-HCR
    128 Pages
    Chitranshi Jaiswal
    October 2025

    US Steam Boiler Market Research Report By Type (Water Tube Boiler, Fire Tube Boiler), By Fuel (Coal-fired Steam Boiler, Gas-fired Steam Boiler, Electric Steam Boiler, Oil-fired Steam Boiler), By Pressure (Low-Pressure Boiler, Medium-Pressure Boiler, High-Pressure Boiler) and By End User Industry (Power Generation, Process Industry, Oil and Gas, Pharmaceutical, Metals) - Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    US Steam Boiler Market Infographic
    Purchase Options

    US Steam Boiler Market Summary

    As per MRFR analysis, the US steam boiler market size was estimated at 3800.0 USD Million in 2024. The US steam boiler market is projected to grow from 3896.14 USD Million in 2025 to 5000.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 2.53% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The US steam boiler market is experiencing a transformative shift driven by technological advancements and regulatory compliance.

    • Technological advancements are enhancing the efficiency and performance of steam boilers across various applications.
    • The industrial segment remains the largest contributor to the steam boiler market, while the commercial segment is emerging as the fastest-growing area.
    • Regulatory compliance is increasingly influencing market dynamics, as manufacturers adapt to stringent environmental standards.
    • Key market drivers include rising environmental concerns and a focus on energy efficiency, which are shaping the future of steam boiler technologies.

    Market Size & Forecast

    2024 Market Size 3800.0 (USD Million)
    2035 Market Size 5000.0 (USD Million)

    Major Players

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

    US Steam Boiler Market Trends

    The steam boiler market is currently experiencing a notable transformation driven by advancements in technology and increasing regulatory pressures. Innovations in energy efficiency and emissions reduction are at the forefront, as manufacturers strive to meet stringent environmental standards. This shift is not merely a response to regulations; it reflects a broader commitment to sustainability within the industry. As a result, there is a growing emphasis on the development of high-efficiency boilers that utilize alternative fuels, which may enhance operational performance while minimizing environmental impact. Moreover, the demand for steam boilers is likely to be influenced by the ongoing expansion of various sectors, including manufacturing, food processing, and healthcare. These industries rely heavily on steam for their operations, thus creating a consistent need for reliable and efficient boiler systems. The integration of smart technologies into steam boiler systems appears to be another emerging trend, as operators seek to optimize performance and reduce maintenance costs. Overall, the steam boiler market is poised for growth, driven by technological advancements and evolving industry requirements.

    Technological Advancements

    The steam boiler market is witnessing rapid technological advancements that enhance efficiency and reduce emissions. Innovations such as smart controls and automation are becoming increasingly prevalent, allowing for better monitoring and management of boiler systems. These technologies not only improve operational efficiency but also contribute to lower energy consumption and reduced environmental impact.

    Regulatory Compliance

    Regulatory compliance is a significant driver in the steam boiler market, as stricter environmental regulations are being implemented. Manufacturers are compelled to develop boilers that meet these standards, which often leads to the adoption of cleaner technologies and fuels. This trend is likely to shape product offerings and influence purchasing decisions across various industries.

    Shift Towards Alternative Fuels

    There is a noticeable shift towards the use of alternative fuels in the steam boiler market. As industries seek to reduce their carbon footprint, the adoption of biofuels and other renewable energy sources is gaining traction. This transition not only aligns with sustainability goals but also offers potential cost savings in the long run.

    US Steam Boiler Market Drivers

    Technological Innovations

    Technological innovations play a pivotal role in shaping the steam boiler market, as manufacturers continuously seek to enhance performance and reliability. Recent advancements in boiler design, control systems, and materials have led to the development of more efficient and durable steam boilers. For example, the integration of IoT technology allows for real-time monitoring and predictive maintenance, which can significantly reduce downtime and operational costs. The market is also witnessing a trend towards modular boiler systems, which offer flexibility and scalability for various applications. According to industry estimates, the adoption of advanced boiler technologies could increase overall efficiency by up to 15%. As industries increasingly prioritize operational efficiency and reliability, the steam boiler market is likely to benefit from these technological advancements, driving growth and innovation in the sector.

    Focus on Energy Efficiency

    Energy efficiency remains a critical driver in the steam boiler market, as industries strive to minimize energy consumption and reduce greenhouse gas emissions. The US government has implemented various initiatives aimed at promoting energy-efficient technologies, which directly impacts the steam boiler market. For instance, the Energy Policy Act encourages the adoption of high-efficiency boilers, which can achieve efficiency ratings of over 90%. This regulatory push is likely to lead to a significant increase in the installation of energy-efficient steam boilers across various sectors. Additionally, companies are increasingly aware of the financial benefits associated with energy-efficient systems, as they can lead to substantial cost savings over time. As a result, the steam boiler market is expected to witness a shift towards more energy-efficient models, aligning with both regulatory requirements and corporate sustainability goals.

    Increasing Industrial Demand

    The steam boiler market experiences a notable surge in demand driven by the expanding industrial sector in the US. Industries such as food processing, pharmaceuticals, and chemicals rely heavily on steam boilers for various applications, including heating, sterilization, and power generation. According to recent data, the industrial sector is projected to grow at a CAGR of approximately 4.5% over the next five years, which is likely to bolster the steam boiler market. This increasing industrial activity necessitates efficient and reliable steam generation, thereby propelling the demand for advanced steam boiler technologies. Furthermore, the need for energy-efficient solutions in manufacturing processes is becoming more pronounced, as companies seek to reduce operational costs and enhance productivity. Consequently, the steam boiler market is poised to benefit from this industrial growth, as manufacturers invest in modernizing their steam generation systems.

    Rising Environmental Concerns

    Rising environmental concerns are influencing the steam boiler market, as industries face pressure to adopt cleaner technologies. The US is witnessing a shift towards sustainable practices, with many companies committing to reducing their carbon footprint. This trend is prompting a reevaluation of traditional steam generation methods, leading to increased interest in low-emission and renewable energy solutions. For instance, the use of biomass and waste heat recovery systems is gaining traction as viable alternatives to conventional fossil fuel-based boilers. The steam boiler market is likely to see a growing demand for systems that comply with stringent environmental regulations, as businesses aim to align with sustainability goals. Furthermore, the potential for government incentives for adopting greener technologies may further stimulate market growth, as companies seek to enhance their environmental credentials while maintaining operational efficiency.

    Expansion of the Construction Sector

    The expansion of the construction sector is a significant driver for the steam boiler market, as new buildings and infrastructure projects require efficient heating solutions. The US construction industry is projected to grow steadily, with an estimated increase of 5% annually over the next few years. This growth is likely to create a heightened demand for steam boilers in commercial and residential applications, particularly for heating and hot water systems. Additionally, the trend towards energy-efficient buildings is influencing the specifications for steam boiler installations, as builders seek to incorporate advanced heating technologies that meet modern energy standards. As the construction sector continues to thrive, the steam boiler market is expected to benefit from increased installations and retrofitting projects, further solidifying its position in the heating solutions landscape.

    Market Segment Insights

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

    In the US steam boiler market, Water Tube Boilers hold the largest market share, primarily due to their efficiency and suitability for high-pressure operations. These boilers are widely used across various industries, including power generation and manufacturing, owing to their ability to generate steam rapidly and handle high steam capacities. Fire Tube Boilers, while smaller in market share, are gaining traction due to their lower initial costs and ease of maintenance, making them popular in smaller applications and low-pressure needs. As industries increasingly focus on energy efficiency and compliance with environmental regulations, the growth of Fire Tube Boilers is notable. Their compact design and operational simplicity provide significant benefits for small to medium-sized enterprises. Moreover, advancements in technology and an increasing preference for sustainable options contribute to the accelerated demand for Fire Tube Boilers in the market. Conversely, Water Tube Boilers continue to witness steady demand owing to their high performance in large-scale applications.

    Boiler Type: Water Tube (Dominant) vs. Fire Tube (Emerging)

    Water Tube Boilers are characterized by their ability to efficiently produce steam at high pressures, making them essential in heavy industrial applications. These boilers utilize water-filled tubes where heat is applied externally, resulting in faster steam generation. Their dominant position in the market is attributed to their durability and adaptability to varying load demands. On the other hand, Fire Tube Boilers, which contain hot gases passing through tubes surrounded by water, are considered emerging in the market. They are particularly favored for their lower energy consumption and reduced operational costs, appealing to industries with smaller-scale heating needs. The increasing focus on energy conservation and lower capital expenditure is poised to enhance the growth trajectory of Fire Tube Boilers in conjunction with established Water Tube Boilers.

    By Fuel: Gas-fired Steam Boiler (Largest) vs. Electric Steam Boiler (Fastest-Growing)

    The market share for fuel types in the steam boiler segment reflects a diverse landscape, with gas-fired steam boilers currently dominating due to their efficiency and lower environmental impact. Coal-fired steam boilers hold a significant share as well, being used heavily in industrial applications, while oil-fired boilers cater to specific sectors. Electric steam boilers, though smaller in market share, are increasingly recognized for their advantageous features in applications where emissions need to be minimized. Growth trends in the steam boiler segment are driven by a shift towards cleaner energy sources and stringent regulations on emissions. Gas-fired steam boilers benefit from advances in technology that enhance performance and reduce carbon footprints, making them a preferred choice. Electric steam boilers are emerging rapidly, driven by a growing preference for electrification in industrial processes. These trends indicate a broader move towards sustainability in the market, with companies seeking to innovate and adapt to changing consumer demands.

    Gas-fired Steam Boiler (Dominant) vs. Electric Steam Boiler (Emerging)

    Gas-fired steam boilers represent the dominant segment within the US steam boiler market, recognized for their operational efficiency and lower greenhouse gas emissions. They are extensively utilized in various industries, including manufacturing, food processing, and chemical production, owing to their capacity for rapid heat generation and flexibility in operation. On the other hand, electric steam boilers have emerged as a strong alternative, especially in environments where deregulation of energy production allows competitive pricing. Their ability to operate without combustion and their minimal emissions make electric boilers appealing in urban settings and facilities focused on sustainability. As electrification trends surge, electric boilers are gaining traction as a viable choice for industries looking to comply with stricter environmental standards.

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

    The US steam boiler market exhibits a diverse distribution among low, medium, and high-pressure boilers. Currently, low-pressure boilers dominate the market, capturing a significant share due to their widespread application in various industries. In contrast, medium-pressure boilers hold a moderate share, primarily serving specific industrial needs, while high-pressure boilers, although smaller in market presence, are rapidly gaining traction thanks to advancements in technology and increasing energy efficiency demands. Growth trends in the pressure segment are driven by several factors, including the push for energy-efficient solutions and stringent regulatory frameworks encouraging low-emission technologies. High-pressure boilers are particularly benefitting from innovations that enhance performance and reduce operational costs, making them an attractive option for large-scale operations. As industries modernize, the demand for high-pressure solutions continues to rise, positioning them as a key player in the evolving market landscape.

    Low-Pressure Boiler (Dominant) vs. High-Pressure Boiler (Emerging)

    Low-pressure boilers play a dominant role in the US steam boiler market, primarily due to their flexibility and adaptability for various applications, including residential heating, food processing, and textile manufacturing. Their efficient performance and relatively low operational costs further solidify their position as a preferred choice in many sectors. On the other hand, high-pressure boilers are emerging as vital contributors to the market due to their capacity for handling larger loads and producing steam at higher temperatures. This makes them especially suitable for heavy industries such as chemical manufacturing and power generation. As technological advancements continue to evolve, high-pressure boilers are expected to witness significant growth, capturing a larger share of the market as companies seek improved efficiency and reduced emissions.

    By End User: Power Generation (Largest) vs. Oil and Gas (Fastest-Growing)

    The US steam boiler market showcases diverse end users, with Power Generation leading the market share due to its vast infrastructure and continuous demand for energy. This segment benefits from a mature market environment, primarily driven by the need for reliable power supply and advancements in boiler technology aimed at improving efficiency and reducing emissions. Other sectors, such as Oil and Gas, also hold substantial shares, supporting their operational needs through specialized boiler systems. In recent years, growth trends indicate a rapid expansion in the Oil and Gas sector, which is emerging as a key player. This growth is largely fueled by increasing energy demands, the expansion of refining capacities, and ongoing investments in infrastructure. Additionally, regulatory changes favoring cleaner technologies are pushing this segment to adopt modern steam boilers, contributing to its position as the fastest-growing end user in the market.

    Power Generation (Dominant) vs. Pharmaceutical (Emerging)

    The Power Generation segment stands as a dominant force in the US steam boiler market, characterized by extensive investments in large-scale power plants and a focus on high-efficiency systems. This segment relies on large, industrial boilers designed for high output and reliability, essential for meeting the constant demand for electricity. In contrast, the Pharmaceutical segment is emerging, driven by stringent regulations and a need for precise temperature control and sterilization processes. While the Power Generation segment emphasizes large-volume outputs, the Pharmaceutical segment tends to favor smaller, specialized boilers that ensure compliance with health standards and support the increasing production of biopharmaceuticals. Both segments exhibit distinct operational needs, contributing to their respective positions in the market.

    Get more detailed insights about US Steam Boiler Market

    Key Players and Competitive Insights

    The steam boiler market exhibits a dynamic competitive landscape characterized by innovation, sustainability, and strategic partnerships. Key players such as General Electric (US), Cleaver-Brooks (US), and Babcock & Wilcox (US) are actively shaping the market through their distinct operational focuses. General Electric (US) emphasizes digital transformation, integrating advanced analytics and IoT technologies into its boiler systems, thereby enhancing efficiency and reducing emissions. Cleaver-Brooks (US) is concentrating on sustainability, developing eco-friendly boiler solutions that align with regulatory standards and customer demand for greener technologies. Babcock & Wilcox (US) is pursuing strategic partnerships to expand its service offerings, particularly in the renewable energy sector, which is increasingly relevant in today's market.

    The business tactics employed by these companies include localizing manufacturing and optimizing supply chains to enhance responsiveness to market demands. The competitive structure of the steam boiler market appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for a diverse range of products and services, catering to different customer needs while fostering competition among established and emerging players.

    In October 2025, General Electric (US) announced a collaboration with a leading tech firm to develop AI-driven predictive maintenance solutions for steam boilers. This strategic move is likely to enhance operational efficiency for clients, reducing downtime and maintenance costs, which could significantly impact customer satisfaction and loyalty. The integration of AI into boiler management systems may also position General Electric (US) as a leader in the digital transformation of the industry.

    In September 2025, Cleaver-Brooks (US) launched a new line of high-efficiency boilers designed to meet stringent environmental regulations. This initiative not only underscores the company's commitment to sustainability but also responds to the growing demand for energy-efficient solutions. By prioritizing eco-friendly technologies, Cleaver-Brooks (US) is likely to strengthen its market position and appeal to environmentally conscious customers.

    In August 2025, Babcock & Wilcox (US) secured a significant contract to supply steam boilers for a large-scale renewable energy project. This contract highlights the company's strategic focus on diversifying its portfolio and tapping into the renewable energy sector, which is expected to grow substantially in the coming years. Such initiatives may enhance Babcock & Wilcox's (US) competitive edge and align with global trends towards sustainable energy solutions.

    As of November 2025, the steam boiler market is increasingly defined by trends such as digitalization, sustainability, and the integration of advanced technologies. Strategic alliances among key players are shaping the competitive landscape, fostering innovation and collaboration. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident. Companies that prioritize innovation and sustainability are likely to differentiate themselves in this evolving market, positioning themselves for long-term success.

    Key Companies in the US Steam Boiler Market market include

    Industry Developments

    Recent developments in the US Steam Boiler Market have been noteworthy, particularly in the areas of technological advancements and market valuation. Companies like Cleaver-Brooks and Fulton are focusing on innovative boiler systems that utilize advanced controls and energy efficiency measures. In September 2023, Vaughn Thermal announced a new range of environmentally friendly boilers aimed at reducing emissions, showcasing a growing trend towards sustainability in the industry. Moreover, market growth has been evident, with an increasing demand for steam boilers in various sectors, including healthcare, manufacturing, and commercial buildings.

    The market valuation for companies such as Hurst Boiler and Superior Boiler Works has been positively impacted as government initiatives push for cleaner technology. In terms of consolidation, notably, Miyano and Smith Hughes have entered discussions regarding potential partnerships, highlighting a trend of collaboration aimed at research and development within the sector. Furthermore, in March 2022, Burnham Holdings was involved in an acquisition that expanded its product line in the steam boiler category, thereby enhancing competitive positioning in the market.

    This activity reflects a dynamic landscape where regulatory pressures and market demands are driving innovation and strategic actions among key players.

    Future Outlook

    US Steam Boiler Market Future Outlook

    The steam boiler market is projected to grow at 2.53% CAGR from 2024 to 2035, driven by energy efficiency regulations, technological advancements, and increasing industrial demand.

    New opportunities lie in:

    • Development of advanced modular boiler systems for quick deployment.
    • Integration of IoT for real-time monitoring and predictive maintenance.
    • Expansion into renewable energy boiler solutions for sustainable operations.

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

    Market Segmentation

    US Steam Boiler Market Fuel Outlook

    • Coal-fired Steam Boiler
    • Gas-fired Steam Boiler
    • Electric Steam Boiler
    • Oil-fired Steam Boiler

    US Steam Boiler Market Type Outlook

    • Water Tube Boiler
    • Fire Tube Boiler

    US Steam Boiler Market End User Outlook

    • Power Generation
    • Process Industry
    • Oil and Gas
    • Pharmaceutical
    • Metals

    US Steam Boiler Market Pressure Outlook

    • Low-Pressure Boiler
    • Medium-Pressure Boiler
    • High-Pressure Boiler

    Report Scope

    MARKET SIZE 20243800.0(USD Million)
    MARKET SIZE 20253896.14(USD Million)
    MARKET SIZE 20355000.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR)2.53% (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)", "Alfa Laval (SE)", "Thermo Dynamics (US)"]
    Segments CoveredType, Fuel, Pressure, End User
    Key Market OpportunitiesAdoption of advanced energy-efficient technologies in the steam boiler market presents substantial growth opportunities.
    Key Market DynamicsTechnological advancements drive efficiency improvements and regulatory compliance in the steam boiler market.
    Countries CoveredUS

    Leave a Comment

    FAQs

    What is the expected market size of the US Steam Boiler Market in 2024?

    The US Steam Boiler Market is expected to be valued at 4.25 billion USD in 2024.

    What is the projected market size of the US Steam Boiler Market by 2035?

    By 2035, the US Steam Boiler Market is projected to reach a value of 6.85 billion USD.

    What is the anticipated compound annual growth rate (CAGR) for the US Steam Boiler Market from 2025 to 2035?

    The expected CAGR for the US Steam Boiler Market from 2025 to 2035 is 4.435 percent.

    Which type of steam boiler is expected to have the largest market share in 2024?

    In 2024, the Water Tube Boiler segment is expected to be valued at 2.1 billion USD.

    How much is the Fire Tube Boiler segment expected to be valued at in 2035?

    The Fire Tube Boiler segment is expected to reach a value of 3.5 billion USD by 2035.

    What are the major players in the US Steam Boiler Market?

    Key players in the US Steam Boiler Market include Fulton, CleaverBrooks, and General Electric among others.

    What is the expected market value of the Water Tube Boiler segment by 2035?

    The Water Tube Boiler segment is projected to reach approximately 3.35 billion USD by 2035.

    What growth driver is influencing the US Steam Boiler Market?

    The increasing demand for efficient heating systems is driving growth in the US Steam Boiler Market.

    Which market segment is anticipated to witness significant growth from 2025 to 2035?

    Both the Water Tube Boiler and Fire Tube Boiler segments are expected to experience significant growth by 2035.

    How is the US Steam Boiler Market expected to evolve amid current global scenarios?

    The US Steam Boiler Market is expected to adapt to current global scenarios by focusing on sustainability and efficiency.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials

    Compare Licence

    ×
    Features License Type
    Single User Multiuser License Enterprise User
    Price $4,950 $5,950 $7,250
    Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
    Free Customization
    Direct Access to Analyst
    Deliverable Format
    Platform Access
    Discount on Next Purchase 10% 15% 15%
    Printable Versions