U.S. Commercial Boiler Market Size, Trends, and Key Players – Babcock & Wilcox Enterprises, Siemens AG, GE Power, John Wood Group PLC, Dongfang Electric Corporation Limited (DEC Ltd.), Bharat Heavy Electricals Limited (BHEL), Harbin Electric Company Limited, IHI Corporation, Alfa Laval AB.
New Jersey, United States, – the US market for commercial boilers The research report is an in-depth study of the U.S. Commercial Boiler industry that specializes in identifying the U.S. Commercial Boiler Market growth potential and potential opportunities in the market. Secondary research data comes from government publications, expert interviews, reviews, surveys and trusted journals. The data recorded spans a decade, followed by a systematic review for an in-depth study of factors influencing the US commercial boiler market.
The U.S. commercial boiler market was valued at $ 1.5 billion in 2020 and is projected to reach $ 1.9 billion by 2028, growing at a CAGR of 7.95% from 2021 to 2028.
A commercial boiler is a heating and hot water system for a non-residential building. Typically these devices are pressurized systems that produce hot water or steam by burning fuel or using electricity. Steam boilers are used in a variety of industries including the food industry, textile mills, paper mills, sugar mills, oil fields, power plants, and others. The burners or electrical coils inside a boiler generate heat, which is then transferred to the body’s own water via a heat exchanger. The steam or hot water is circulated through pipes throughout the industrial complex. The water or steam enters radiators or other heat emitting components. Inside a boiler, heat is generated by burners or electrical coils, which are then transferred to the body’s own water via a heat exchanger. Steam or hot water is circulated through pipes throughout the commercial facility. Radiators or other heat-emitting components are filled with water or steam.
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The report encompasses a comprehensive analysis of the major market players in the market along with their business overview, expansion plans, and strategies. The main actors examined in the report include:
Babcock & Wilcox Enterprises, Siemens AG, GE Power, John Wood Group PLC, Dongfang Electric Corporation Limited (DEC Ltd.), Bharat Heavy Electricals Limited (BHEL), Harbin Electric Company Limited, IHI Corporation, Alfa Laval AB.
United States Commercial Boiler Market Segmentation
US market for commercial boilers by fuel
• natural gas
US Commercial Boiler Market by Technology
• Not condensing
US Boiler Commercial Market, By Product
• Hot water
US Commercial Boiler Market By Application
• Retail trade
• Public meeting
• Health care
The US Commercial Boiler Market report has been segmented based on various categories such as product type, application, end-user, and region. Each segment is rated based on CAGR, proportion and growth potential. In the regional analysis, the report highlights the potential region that is expected to create opportunities in the US commercial boiler market in the coming years.
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Scope of the US Commercial Boiler Market Report
Geographic segment covered in the report:
• North America (USA and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia Pacific (China, Japan, India and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico and the rest of Latin America)
• Middle East and Africa (GCC and rest of the Middle East and Africa)
Key questions answered in the report:
- What is the growth potential of the US commercial boiler market?
- Which product segment will have the lion’s share?
- Which regional market will emerge as a pioneer in the next few years?
- Which application segment will grow strongly?
- What growth opportunities could arise in the US commercial boiler industry in the coming years?
- What are the main challenges the US commercial boiler market may face in the future?
- Who are the leading companies in the US Commercial Boiler Market?
- What are the main trends that have a positive impact on the growth of the market?
- What growth strategies are players considering to stay in the U.S. Commercial Boiler market?
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