tmrFebruary 1, 2021
Mounting Pressure to Reduce Carbon Footprint Encourages Usage of Efficient Industrial Boilers
The increasing pressure on the chemical, metal, food, and several other manufacturing companies to reduce their carbon footprint is creating a lucrative growth opportunity for the
industrial boilers market in the U.S. The recently stated guidelines by the Environmental Protection Agency (EPA) pertaining to air pollution levels from institutional, commercial, and industrial boilers is expected to lead to an investment in energy-efficient boilers. This supportive groundwork is also expected to push the opportunity of the industrial boilers market.
East North Central Region Spearheads Overall Market
In terms of regions, the East North Central region witnessed a surge in the number of industrial boiler installations in 2018. In the same year, the region accounted for about 30% of the total market. In the coming few years, this regional market is expected to experience tremendous rise in manufacturing activities and industrial growth. Citing these reasons, the East North Central region will see the highest demand of industrial boilers in the forecast period. The strong presence of metal, chemical, and food companies in Michigan and Illinois will also present ample of growth opportunities to the industrial boilers market in the U.S.