U.S. Package Boilers Market Summary
The U.S. package boiler market size was estimated at USD 1.99 billion in 2024 and is projected to reach USD 2.54 billion by 2030, growing at a CAGR of 4.5% from 2025 to 2030. The market is expected to grow owing to rising industrial demand for efficient steam generation systems in the chemicals, food processing, energy, and pharmaceuticals sectors.
Key Market Trends & Insights
- By type, the fire-tube boilers segment held the highest market share of 45.2% in 2024.
- By design, the D-type segment held the highest market share in 2024.
- By fuel type, the gas segment held the highest market share in 2024.
- By end use, the chemical & petrochemical segment held the highest market share in 2024.
Market Size & Forecast
- 2024 Market Size: USD 1.99 Billion
- 2030 Projected Market Size: USD 2.54 Billion
- CAGR (2025-2030): 4.5%
Technological advancements is playing a critical role in boosting the performance and adoption of package boilers in the U.S. market. Innovations such as low-emission combustion systems and intelligent automation controls are making boilers more efficient, safer, and compliant with environmental regulations. These technologies help industries optimize fuel usage, reduce emissions, and lower operational costs. At the same time, the integration of renewable energy sources like biomass and solar into hybrid boiler systems is aligning with sustainability goals. This shift is supported by rising industrial demand, particularly from sectors such as oil and gas, where reliable and high-performance steam generation is essential. Together, these factors are accelerating the growth of the package boilers market.
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Key U.S. Package Boilers Company Insights
Some of the key companies in the U.S. package boilers market include Babcock & Wilcox Enterprises, Inc., Hurst Boiler & Welding Co., Inc., and others.
- Babcock & Wilcox Enterprises, Inc. is a key player in the U.S. package boilers market, with a longstanding reputation for delivering advanced steam generation technologies. The company stands out for its engineering expertise, global installation base, and ability to meet stringent environmental and operational standards.
Key U.S. Package Boilers Companies:
- Babcock & Wilcox Enterprises, Inc.
- Hurst Boiler & Welding Co., Inc.
- Miura America Co., Ltd.
- Superior Boiler Works, Inc.
Recent Developments
- In May 2024, Cleaver-Brooks was acquired by Miura Co., Ltd., a prominent Japanese industrial boiler manufacturer. This strategic acquisition is expected to manufacture and engineer sustainable boiler room solutions for the customers.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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