Northern America: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2025

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Northern America

The North American market for central heating boilers, for producing hot water or low pressure steam rose markedly to $X in 2022, increasing by 10% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Northern America

In value terms, production of central heating boilers, for producing hot water or low pressure steam expanded notably to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 75% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports in Northern America

In 2022, overseas shipments of central heating boilers, for producing hot water or low pressure steam were finally on the rise to reach X units after two years of decline. In general, exports, however, showed a drastic downturn. Over the period under review, the exports of hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam stood at $X in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 20% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Canada (X units) was the main exporter of central heating boilers, for producing hot water or low pressure steam, mixing up 85% of total exports. It was distantly followed by the United States (X units), achieving a 15% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of central heating boilers, for producing hot water or low pressure steam. The United States (-15.9%) illustrated a downward trend over the same period. While the share of Canada (+35 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-35.2 p.p.) displayed negative dynamics.

In value terms, the largest central heating boilers, for producing hot water or low pressure steam supplying countries in Northern America were Canada ($X) and the United States ($X).

Among the main exporting countries, Canada, with a CAGR of +4.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, falling by -13.4% against the previous year. In general, the export price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 when the export price increased by 61%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.2%).

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports in Northern America

In 2022, imports of central heating boilers, for producing hot water or low pressure steam in Northern America was estimated at X units, surging by 4.6% compared with 2021. Over the period under review, imports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam expanded significantly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +111.4% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The United States (X units) and Canada (X units) represented roughly 100% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +1.5%).

In value terms, the United States ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in Northern America, comprising 72% of total imports. The second position in the ranking was held by Canada ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +8.7%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, rising by 5.8% against the previous year. In general, the import price posted a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 48%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.3%).

Source: IndexBox Platform

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