U.S.: 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 the U.S.

The U.S. market for central heating boilers, for producing hot water or low pressure steam amounted to $X in 2022, rising by 12% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 -8.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in the U.S.

In value terms, production of central heating boilers, for producing hot water or low pressure steam expanded rapidly to $X in 2022. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -11.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 81% 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 from the U.S.

For the fifth year in a row, the United States recorded decline in shipments abroad of central heating boilers, for producing hot water or low pressure steam, which decreased by -6.5% to X units in 2022. Overall, exports faced a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 17%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam declined to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 17%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Canada (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from the United States, with a 83% share of total exports. Moreover, exports of central heating boilers, for producing hot water or low pressure steam to Canada exceeded the volume sent to the second major destination, Turkey (X units), tenfold. Mexico (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled -15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+13.3% per year) and Mexico (-5.3% per year).

In value terms, Canada ($X) remains the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from the United States, comprising 90% of total exports. The second position in the ranking was taken by Turkey ($X), with a 1.9% share of total exports. It was followed by South Korea, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+18.7% per year) and South Korea (+1.6% per year).

Export Prices by Country

The average export price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, remaining constant against the previous year. Overall, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2020 an increase of 232% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the U.S.

In 2022, approx. X units of central heating boilers, for producing hot water or low pressure steam were imported into the United States; growing by 7.9% on the year before. Over the period under review, imports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 17%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam skyrocketed to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.7% 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 +43.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X units), Canada (X units) and Germany (X units) were the main suppliers of imports of central heating boilers, for producing hot water or low pressure steam to the United States, with a combined 63% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +79.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest central heating boilers, for producing hot water or low pressure steam suppliers to the United States were Canada ($X), South Korea ($X) and Germany ($X), together accounting for 69% of total imports.

South Korea, with a CAGR of +97.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, increasing by 8.6% against the previous year. Over the period under review, the import price saw resilient growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 78%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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