Plenty of opportunities lie within the U.S. boiler market. According to an August study by Global Market Insights, boiler market revenue is expected to reach $4 billion by 2028. The anticipated growth rate at 4.5 CAGR will be driven by increasingly strict government regulations to limit carbon emissions as well as increased spending to upgrade traditional heating systems in the health care, institutional and industrial sectors.
Several Lochinvar CREST boilers are installed at Greeley High School in Colorado. Photo courtesy of Greg Gibbs of Shamrock Sales.