01 Industry overview
The boilermaker industry at a glance
In the United States, the broader boiler market was valued at $4.8 billion in 2025, while the boilermaker occupation employed about 10,200 workers and had median annual pay of $76,410.
- $4.8B[58]
- U.S. boiler market, 2025
- 5.6%[58]
- Forecast CAGR, 2026–2035
- 10,200[25]
- Boilermaker jobs, 2025
- $76,410[25]
- Median annual pay, 2025
- Market size
- The U.S. boiler market was valued at $4.8 billion in 2025 and is projected to reach $5.1 billion in 2026. Related U.S. boiler, tank, and shipping-container manufacturing output totaled $44.3 billion in 2025, although that broader measure includes products beyond boilers.[58][59]
- Forecast & CAGR
- The U.S. boiler market is forecast to grow at a 5.6% CAGR from 2026 to 2035, reaching $8.4 billion by 2035. Within the market, condensing boilers are projected to grow at a 10.0% CAGR over the same period.[58]
- Market share & regions
- South Atlantic was the largest U.S. regional market in 2025, with 19.9% share, followed by East North Central at 19.1%. Pacific States held 14.5% and had the fastest projected regional growth, at a 6.9% CAGR from 2026 to 2035.[58]
- Segmentation
- Commercial applications accounted for 55.9% of the U.S. boiler market in 2025, versus 44.1% for industrial applications. Steam boilers represented 53.3% of the market, while natural-gas-fired boilers held 66.4% and non-condensing boilers held 59.5%.[58]
- Key players & concentration
- The five leading U.S. boiler-market companies—Cleaver-Brooks, Babcock & Wilcox Enterprises, Miura America, IHI Corporation, and A.O. Smith—collectively held 38.5% of the market in 2025. Miura America was the largest individual player, with an 8.5% share.[58]
- Pricing
- The median annual wage for U.S. boilermakers was $76,410 in May 2025, equal to $36.74 per hour. Median pay varied by major employing industry, from $63,760 in fabricated metal product manufacturing to $80,060 in utility system construction.[25]
- Trends, drivers & challenges
- Replacement of aging equipment, emissions compliance, energy efficiency, and demand from healthcare, education, food processing, chemicals, refining, and manufacturing support boiler demand. The main labor-market challenge is a projected 2% decline in boilermaker employment from 2025 to 2035, despite about 700 openings annually, while commercial retrofits face venting, controls, and condensate-management costs.[58][25]
- Consumer behavior & competition
- Commercial buyers accounted for 55.9% of the U.S. boiler market in 2025 and increasingly favored condensing systems, which held 40.5% share and are forecast to grow at a 10.0% CAGR. Competition centers on engineering support, emissions performance, installed-base access, service-network coverage, and retrofit execution.[58]
- M&A
- M&A remained active: Watts completed its acquisition of Superior Boiler in November 2025, and Superior had approximately $60 million in annualized sales. In 2026, Cleaver-Brooks agreed to acquire boiler sales and service company R.F. MacDonald, subject to regulatory approval.[60][61]
- Regulation
- U.S. boiler and pressure-vessel work is subject to OSHA construction requirements, state-plan rules, and industry standards including the ASME Boiler and Pressure Vessel Code. OSHA states that state plans must be at least as effective as federal OSHA standards, while state requirements may be more stringent.[62]
- Latest news
- The latest identified industry transaction is Cleaver-Brooks’ September 2026 agreement to acquire R.F. MacDonald, intended to expand engineering, sales, and service capabilities in California and Nevada. The deal was expected to close in the fourth quarter of 2026, subject to customary approvals.[61]
02 Ranking
Top 10 Companies in the Boilermaker Industry
The leading companies in the boilermaker industry, ranked on market impact, performance, momentum, innovation and brand popularity.
Updated November 11, 2026 · Next review December 11, 2026
Bharat Heavy Electricals stands out for utility steam generation because it supplies utility steam generators up to 800 MW and supercritical boilers up to 1,000 MW, while Mitsubishi Heavy Industries focuses on utility and industrial systems since it lists gas, steam and power systems among its core energy businesses.
Ranked by Overall score · How we score ↓
Editor's top 3 picks
Where to start, by need.
#1 Overall · Leader in utility boiler systems
Bharat Heavy Electricals
IN
Ranked #1 · 9.1 · Utility boiler systems
Why we picked it: BHEL posts revenue growth of 19.2% and R&D at 2.4% of revenue, supporting utility boiler delivery and development.
Leader in industrial boiler packages
MIURA
JP
Ranked #4 · 8.8 · Industrial boiler packages
Why we picked it: MIURA concentrates on production, sales and maintenance of boilers and associated equipment across its offerings.
Leader in waste-to-energy boilers
Babcock & Wilcox
US
Ranked #5 · 8.5 · Waste-to-energy boilers
Why we picked it: Babcock & Wilcox reports revenue growth of 7.2% and an operating margin of 5.7% tied to steam and waste-to-energy boilers.
Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.
Full ranking
| # | Company | Overall ↓ | Impact | Company snapshot |
|---|---|---|---|---|
| 1 | Bharat Heavy Electricals Utility boiler systems · IN | 9.1 | 9.3 | |
Company snapshot · Bharat Heavy Electricals · Data as of November 11, 2026 BHEL supplies utility steam generators up to 800 MW and supercritical boilers up to 1,000 MW.[63]
| ||||
| 2 | Mitsubishi Heavy Industries Utility boiler systems · JP | 8.8 | 9.9 | |
Company snapshot · Mitsubishi Heavy Industries · Data as of November 11, 2026 MHI lists gas, steam and power systems among its core energy businesses.[64]
| ||||
| 3 | IHI Corporation Utility boiler systems · JP | 8.8 | 9.5 | |
Company snapshot · IHI Corporation · Data as of November 11, 2026 IHI describes itself as one of the world's leading boiler manufacturers.[65]
| ||||
| 4 | MIURA Industrial boiler packages · JP | 8.8 | 9.5 | |
Company snapshot · MIURA · Data as of November 11, 2026 MIURA focuses on production, sales and maintenance of boilers and associated equipment.[46]
| ||||
| 5 | Babcock & Wilcox Waste-to-energy boilers · US | 8.5 | 8.2 | |
Company snapshot · Babcock & Wilcox · Data as of November 11, 2026 B&W is a long-established designer and supplier of steam-generating and waste-to-energy boilers.[66]
| ||||
| 6 | Thermax Industrial boilers and fired heaters, global · IN | 8.5 | 8.7 | |
Company snapshot · Thermax · Data as of November 11, 2026 Thermax designs, builds and commissions large boilers for steam and power generation.[67]
| ||||
| 7 | ANDRITZ Recovery, biomass and industrial boilers, global · AT | 8.3 | 8.2 | |
Company snapshot · ANDRITZ · Data as of November 11, 2026 ANDRITZ is listed among leading industrial-boiler companies in global market evaluations.[68]
| ||||
| 8 | Clayton Industries Once-through industrial steam generators, global · US | 8.1 | 7.4 | |
Company snapshot · Clayton Industries · Data as of November 11, 2026 Clayton Industries is listed among major US industrial-boiler companies.[58]
| ||||
| 9 | Fulton Commercial and industrial boilers, global · US | 8.1 | 8.2 | |
Company snapshot · Fulton · Data as of November 11, 2026 Fulton researches, engineers, manufactures and supports commercial and industrial heat-transfer equipment.[69]
| ||||
| 10 | Doosan Enerbility Utility boilers and power equipment, global · KR | 8.1 | 8.2 | |
Company snapshot · Doosan Enerbility · Data as of November 11, 2026 Doosan Enerbility is identified among major global industrial-boiler companies.[68]
| ||||
How we score
- Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.
Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.
Cadence Recalculated when new figures are published; next review December 11, 2026.
Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.
Cite this ranking
APA
Samuel Norberg. (2026, November 11). Top 10 companies in the boilermaker industry. In Boilermaker Industry Statistics. Gitnux. https://gitnux.org/boilermaker-industry-statistics/#top-companies
Revenue of the largest boilermaker companies
Mitsubishi Heavy Industries leads with $33.3B in annual revenue (group level, converted to USD).
03 Trends & forecasts
Top 10 Boilermaker Industry Trends & Forecasts 2027
What is changing in the boilermaker industry, with the evidence behind each trend and a forecast for 2027.
Forecasts were generated by an AI model from the cited evidence. They are estimates, not guarantees.
01Boiler demand grows moderately
Medium confidenceThe U.S. boiler market was valued at $4.8 billion in 2025 and is projected to reach $8.4 billion by 2035, implying a 5.6% CAGR from 2026 to 2035. Commercial applications represented 55.9% of the 2025 market, compared with 44.1% for industrial applications.[25]
Forecast 2027: In 2027, U.S. boiler demand should expand by roughly 5%–6%, supported by replacement projects and continued commercial construction. Growth will be stronger in retrofit and service work than in coal-power construction.
02Condensing systems gain share
High confidenceCondensing boilers held 40.5% of the U.S. boiler market in 2025 and are forecast to grow at a 10.0% CAGR from 2026 to 2035, substantially faster than the overall market.[17]
Forecast 2027: Condensing systems should increase their U.S. share in 2027 as buyers prioritize fuel savings and emissions performance. Boilermakers will see more work involving condensate drainage, venting, controls and system commissioning.
03Commercial retrofits remain dominant
High confidenceCommercial buyers accounted for 55.9% of the U.S. boiler market in 2025. The Department of Energy identifies rightsizing, condensate recovery, electronic ignition and improved insulation as retrofit efficiency measures.[17]
Forecast 2027: Commercial retrofit projects should remain the largest source of boilermaker-related boiler work in 2027. Project schedules will favor phased replacements and upgrades that minimize building downtime rather than complete boiler-room rebuilds.
04Coal-related work continues declining
High confidenceThe Energy Information Administration forecasts coal's share of U.S. electricity generation to fall from 17% in 2025 to 15% in 2027, with 13 GW of coal capacity scheduled to retire by the end of 2027. It also forecasts coal consumption to decline to 398 million short tons in 2027 from 451 million in 2025.[70]
Forecast 2027: Coal-power boiler installation and maintenance work should contract again in 2027, although outage, decommissioning and conversion work will provide partial offsets. The mix of boilermaker assignments will continue shifting toward industrial, commercial and gas-fired systems.
05Natural gas remains the main fuel
High confidenceNatural-gas-fired boilers held 66.4% of the U.S. boiler market in 2025. EIA forecasts natural gas to supply close to 40% of U.S. electricity generation in both 2026 and 2027, while coal's share declines.[70]
Forecast 2027: Natural gas should remain the dominant fuel for new and replacement boilers in 2027, particularly where customers need dependable high-temperature heat. Demand will increasingly favor low-NOx burners, combustion controls and equipment capable of future fuel blending.
06Electrification expands selectively
Medium confidenceThe Department of Energy states that building owners face increasing greenhouse-gas regulations and emissions-reduction goals, while its industrial-electrification framework provides methods for comparing fuel-fired and electrified process-heating systems.[17]
Forecast 2027: Electric boilers and other electrified heat systems should gain selected 2027 projects in commercial buildings and lower-temperature industrial applications. Adoption will remain limited for high-temperature, high-duty-cycle users where gas-fired or hybrid systems offer better economics and resilience.
07Hydrogen readiness stays experimental
Medium confidenceA Department of Energy industrial-decarbonization analysis identifies required development areas for 100% hydrogen boiler firing, including fuel nozzles, valving, flame detection, emissions, turndown, combustion controls and operator training.[17]
Forecast 2027: In 2027, hydrogen-ready burners and pilot projects should attract engineering attention, but broad commercial adoption is unlikely. Boilermaker opportunities will center on demonstrations, burner retrofits, fuel-train modifications and safety upgrades rather than large-scale replacement demand.
08Pressure-vessel compliance intensifies
High confidenceOSHA identifies pressure-vessel requirements across general industry, maritime and construction, and notes that state plans may impose requirements more stringent than federal OSHA standards. OSHA also references the ASME Boiler and Pressure Vessel Code and API inspection standards.[62]
Forecast 2027: Compliance-driven inspection, repair and documentation work should increase in 2027 as owners extend the lives of existing pressure equipment. Contractors with strong inspection records, qualified welding procedures and state-specific compliance knowledge should win a larger share of projects.
09ASME code updates raise requirements
High confidenceASME's 2025 Boiler and Pressure Vessel Code includes current rules for power boilers, heating boilers, pressure vessels, welding and certification. ASME also reports more than 6,800 certificate holders in its BPVC certification program.[71]
Forecast 2027: In 2027, code-qualified fabrication, inspection and welding documentation will remain a key differentiator. Smaller contractors may face higher training and quality-system costs, encouraging partnerships with certified fabricators and larger engineering firms.
10Boilermaker labor supply tightens
High confidenceBLS reports about 10,200 U.S. boilermaker jobs in 2025, a median annual wage of $76,410, projected employment decline of 2% from 2025 to 2035, and approximately 700 openings annually over the period.[25]
Forecast 2027: The labor pool should remain tight in 2027 despite flat-to-declining long-term employment. Employers will compete through higher wages, travel premiums, apprenticeship recruitment and cross-training in welding, inspection, controls and mechanical maintenance.
04 Statistics
Technology & Innovation
Technology adoption shows up in manufacturing and survey benchmarks: 37% of industrial-manufacturing organizations were proactive in advancing AI and automation strategies in 2024.
Digital Transformation in the industrial manufacturing sector (sector benchmark)
- 24% of companies across the European Industrial Ecosystem had a concrete digital-transformation strategy in 2024.[1]
- 76% of industrial-manufacturing firms across 26 countries reported that their workforce had an appetite to embrace cutting-edge technology in 2024.[2]
- 32% of U.S. industrial-products respondents said their operations-technology investments had delivered expected results in 2024.[3]
- 34% of industrial-manufacturing organizations across 26 countries had achieved return on investment from multiple AI use cases in 2024.[2]
Technology Adoption in the industrial manufacturing sector (sector benchmark)
- 35% of industrial-manufacturing organizations were proactive in advancing data-and-analytics strategies in 2024.[4]
- 30% of industrial-manufacturing organizations were proactive in advancing edge-computing strategies in 2024.[4]
- 37% of industrial-manufacturing organizations were proactive in advancing AI and automation strategies in 2024.[4]
- 31% of industrial-manufacturing organizations were proactive in advancing modern-delivery technologies, including low-code and no-code, in 2024.[4]
Cloud Computing in the industrial manufacturing sector (sector benchmark)
- 87% of Finnish manufacturing enterprises used cloud computing in 2023.[5]
- 54% of EU manufacturing enterprises used paid cloud-computing services in 2025, up from approximately 45% in 2023.[6]
- 87% of Australian manufacturing enterprises used cloud computing in 2022.[5]
- 39% of industrial-manufacturing organizations were proactive in advancing XaaS technologies, including public and multicloud, in 2024.[4]
Big Data in the industrial manufacturing sector (sector benchmark)
- 44% of manufacturing leaders reported that the amount of data their organizations collected had at least doubled over the previous two years in 2024.[7]
- 16.2% of businesses in the European Industrial Ecosystem used big-data technologies in 2024.[1]
- 28% of manufacturing survey respondents were implementing big-data processing in 2024, up 7 percentage points from 2023, according to an Auburn University study of 97 participants.[8]
- 67% of manufacturers surveyed in the United States, Germany and Malaysia could collect and analyze data in near real time in 2024.[9]
- 33% of manufacturers surveyed were performing prescriptive analytics in 2024, according to ABI Research’s survey of 461 manufacturing decision makers.[9]
- 28% of manufacturing survey respondents were implementing big-data processing in 2024.[8]
IoT in the industrial manufacturing sector (sector benchmark)
- 27.6% of businesses in the European Industrial Ecosystem used Internet of Things technologies in 2024.[1]
- 11.1% of businesses in the European Industrial Ecosystem used Internet of Things technologies in 2023.[1]
- 81% of manufacturing leaders surveyed identified data and analytics for process improvement as an important technology use case, while IoT for predictive maintenance ranked among the leading use cases in 2024.[10]
- 35% of manufacturing companies in a Productivity Institute sample had adopted Internet of Things technology, with geography not specified by the source.[11]
05 Statistics
Data & Analytics
Data readiness remains a constraint: 51% of manufacturers reported siloed data across disparate tools and systems in 2025, alongside 30% citing poor data quality as a barrier.
Data Quality in the industrial manufacturing sector (sector benchmark)
- 51% of manufacturers surveyed said their data was siloed across disparate tools and systems in 2025.[12]
- 30% of manufacturers identified poor data quality as a technical barrier to improving processes in 2025.[13]
- 44% of manufacturers surveyed reported that AI projects had failed because of poor data quality in 2025.[12]
- 54% of manufacturers surveyed had duplicate data in several systems in 2025.[12]
- 61% of manufacturing leaders agreed that poor data quality limited adoption and optimization of emerging technologies in 2025.[13]
- 41% of manufacturers surveyed distrusted the data used for supply-chain operations in 2025.[12]
Data Governance in the industrial manufacturing sector (sector benchmark)
- 58% of manufacturers surveyed assigned primary data-governance responsibility to a C-suite or senior leader in 2024.[14]
- 61% of manufacturers surveyed had a corporate-wide governance plan, strategy or formal data-management guidelines in 2024.[14]
- 15% of manufacturers surveyed said their data strategy was entirely aligned with their overall business strategy in 2024.[14]
- 22% of manufacturers surveyed included data collection, management or analysis in executive incentives, KPIs or business imperatives in 2024.[14]
06 Statistics
Strategy & Growth
Demand growth is tied to end-use economics and product efficiency: a gas-fired commercial boiler example shows $95,651 lifetime energy-cost saving at 96% combustion efficiency versus a lower-efficiency model.
Growth in the boilermaker industry
- 4.05% is the projected 2025–2031 CAGR for electric commercial boilers, according to the cited commercial-boiler market analysis (global market).[15]
- 39% was Babcock & Wilcox’s increase in total bookings in 2024 compared with 2023, reaching $889.6 million (global company operations).[16]
- 47% was Babcock & Wilcox’s year-end backlog increase in 2024, reaching $540.1 million (global company operations).[16]
Differentiation in the boilermaker industry
- 13% was Babcock & Wilcox’s adjusted-EBITDA growth in 2024, reaching $68.9 million through its energy and environmental technology portfolio (global company operations).[16]
- $95,651 is the calculated lifetime energy-cost saving for a 3,000,000-Btu-per-hour gas-fired commercial boiler meeting the required 96% combustion efficiency instead of the lower-efficiency model (United States, 2024 assumptions).[17]
- 98.0% was the efficiency of the highest-efficiency 500,000-Btu-per-hour commercial boiler model evaluated by DOE, compared with a 94.0% required model (United States, 2024).[17]
Mergers and acquisitions in the boilermaker industry
- $14 million was American Geothermal’s 2024 sales before its acquisition by Swegon, which used the transaction to expand its North American heating and cooling presence.[18]
- 100% of Viessmann Climate Solutions was acquired by Carrier Global in 2024, adding a major heating and renewable-climate-solutions business to Carrier’s portfolio.[19]
- £1.85 million was the net consideration paid by SDI Group for Collins Walker, a UK designer and manufacturer of electric industrial boilers, in April 2025.[20]
- 2 U.S. Southwest locations were added by Thermogenics through acquisitions of High Desert Mechanical and Pyro Combustion & Controls in 2024.[21]
Strategic partnerships in the boilermaker industry
- $2.4 billion of Babcock & Wilcox’s 2024–2026 pipeline comprised BrightLoop and ClimateBright opportunities, indicating alliance and technology-led expansion potential.[22]
- 2 companies—ebm-papst and HYTING—formed a strategic partnership in 2025 to develop and manufacture hydrogen-fuelled heat generators.[23]
- 3 years covered Babcock & Wilcox’s disclosed global opportunity pipeline for 2024–2026, totaling more than $9 billion across its business segments.[22]
- 1 U.S. university was identified as the first customer for a zero-emission DCC hydrogen boiler being developed by Jericho Energy Ventures and Superior Boiler in 2023.[24]
07 Statistics
People & Workforce
Labor supply tightens even with openings: U.S. boilermaker employment is projected to decline by 2% from 2025 to 2035 while about 700 openings annually are projected through 2035.
Hiring in the boilermaker industry
- 10,200 boilermakers were employed in the United States in 2025.[25]
- Projected U.S. boilermaker employment is 10,100 jobs in 2035, down from 10,200 in 2025.[25]
- About 700 boilermaker job openings are projected annually in the United States from 2025 through 2035.[25]
- Boilermaker employment in the United States is projected to decline by 2% from 2025 to 2035.[25]
Remote Work in the industrial manufacturing sector (sector benchmark)
- Across U.S. manufacturing, 19% of workers worked remotely, including hybrid and fully remote arrangements, during October 2023–September 2024.[26]
- Across U.S. manufacturing, teleworked hours represented 12.2% of total hours worked in 2025.[25]
- Across U.S. manufacturing, 35.2% of surveyed workers reported remote work in the Chicago Fed Survey of Economic Conditions from July 2021 through March 2024.[27]
- Across U.S. manufacturing, 36.9% of workers could work at home and 33.3% actually did so during 2024–2025.[25]
Hybrid Work in the industrial manufacturing sector (sector benchmark)
- Across manufacturing employees, 80% believed office mandates reflected a lack of trust that employees would be productive at home in 2025.[28]
- Across manufacturing companies, 79% operated a hybrid model for non-production employees in 2025.[29]
- Across manufacturing companies, 17% were fully back in the office for non-production employees in 2025.[29]
- Across manufacturing companies, the average required office attendance reached 2.82 days per week in the second quarter of 2025.[29]
- Across manufacturing employers, 67% identified productivity as a key factor driving pressure to return to the office in 2025.[28]
Employee Engagement in the industrial manufacturing sector (sector benchmark)
- Across manufacturing companies, 41% identified employee recognition as a high priority in 2024.[30]
- Across manufacturing companies, 70% of respondents said most non-frontline employees were engaged in their jobs in 2023.[3]
- Across manufacturing companies, 25% of respondents did not know whether their frontline workforce was engaged in 2023.[3]
- Across manufacturing companies, 48% of respondents said most frontline workers were engaged in their jobs in 2023.[3]
- Across manufacturing, distribution and storage organizations, 84.2% of employees said they cared about their organization’s future in 2026.[31]
DEI in the boilermaker industry
Change Management in the industrial manufacturing sector (sector benchmark)
- Across organizations using change-management tactics, 91% reported using those tactics in 2024, while only 7% allocated the recommended 20% of initiative budgets to change management.[33]
- Across organizations worldwide, 9% reported having no change-management approach in 2024.[33]
- Across organizations worldwide, 28% used an adaptive or agile change-management approach in 2024.[33]
- Across organizations surveyed globally, 23% reported that their projects failed to meet adoption expectations in 2024.[33]
- Across organizations worldwide, 39% used change management sporadically in 2024.[33]
08 Statistics
Marketing & Brand
Influencer Marketing in the industrial manufacturing sector (sector benchmark)
- Across B2B companies, 55% of marketers used influencers in 2025, providing a benchmark applicable to industrial manufacturing marketers.[34]
- Across B2B companies, 29% of marketers planned to adopt influencer marketing within the following year in 2025; global survey scope.[34]
- Across B2B companies, 76% of marketing leaders said creator collaboration helps build brand authenticity in 2025; global survey scope.[34]
- Across B2B companies, 28% ranked thought leaders or industry analysts as the most effective influencer type in 2025; global survey scope.[34]
- Among manufacturing marketers using paid channels, 19% used influencer marketing in the 12 months covered by the 2025 outlook survey; global manufacturing, survey conducted June–August 2024.[35]
09 Statistics
Operations & Execution
Workforce and site-structure patterns influence delivery planning: teleworked hours were 12.2% of total hours worked in 2025 across U.S. manufacturing.
Operational efficiency in the boilermaker industry
- 2,270 boilermakers were employed in Texas in May 2023, the highest state employment level reported by the U.S. Bureau of Labor Statistics.[25]
- 10,200 boilermakers were employed in the United States in 2025, with employment projected to decline by 200 to 10,100 by 2035.[25]
- 1,470 boilermakers were employed in the Baton Rouge metropolitan area in May 2023, the highest employment level among listed U.S. metropolitan areas.[25]
- 700 boilermaker job openings per year are projected in the United States on average from 2025 through 2035.[25]
Outsourcing / Offshoring in the industrial manufacturing sector (sector benchmark)
- Across global manufacturing, 37% of facilities were offshore in 2024, compared with 41% onshore and 22% nearshore.[36]
- Across EU enterprises sourcing abroad during 2021–2023, 39% outsourced business functions to external providers, while 72% used affiliated enterprises abroad for insourcing.[6]
- Across global manufacturing, 56% of executives in 2025 said their organization had invested in nearshoring or a combination of reshoring and nearshoring.[36]
- Across global manufacturing, executives expected offshore facilities to decline to 28% within three years of 2025, while onshore facilities rise to 48%.[36]
- Across EU enterprises engaged in international sourcing during 2021–2023, 37% operated in manufacturing, the largest sector share among sourcing enterprises.[6]
10 Statistics
Finance & Pricing
Industry pay levels set a cost baseline for boilermaker labor: median annual pay was $76,410 in May 2025, equivalent to $36.74 per hour.
Profitability in the boilermaker industry
- $80.9 million in total income was reported by the International Brotherhood of Boilermakers for 2025.[37]
- $97.9 million in total assets was reported by the International Brotherhood of Boilermakers for 2025.[37]
- 1.5% was the median profit margin reported for U.S. fabricated plate work and boiler shops in the cited industry-ratio dataset.[38]
- $83.3 million in total spending was reported by the International Brotherhood of Boilermakers for 2025.[37]
11 Statistics
Product & Service
Service execution has regulatory triggers: annual tune-ups are required for U.S. boilers and process heaters with heat input of at least 10 million Btu per hour under federal emissions rules.
After-sales in the boilermaker industry
- Annual tune-ups are required for U.S. boilers and process heaters with heat input of at least 10 million Btu per hour under federal emissions rules.[39]
- 85% of annual electricity consumption at New Global Boiler Holding’s Danish factory is covered by rooftop solar, reducing the site’s electricity-related CO2 footprint by 85%.[40]
Value proposition in the boilermaker industry
12 Statistics
Sustainability & Ethics
Decarbonization claims concentrate on measurable emissions avoidance: 89,000 metric tons of CO2 were avoided by customers using AERCO boilers in 2023.
Sustainability in the boilermaker industry
- 30% was the reduction in greenhouse-gas emissions intensity reported by AERCO after Watts purchased certified renewable-energy credits for seven U.S. sites.[41]
- 89,000 metric tons of CO2 were avoided by customers using AERCO boilers in 2023, according to Watts’ sustainability report.[42]
- 115,000 metric tons of CO2 were avoided by customers using AERCO, PVI and LYNC boilers, water heaters and heat pumps in 2025.[43]
- 700,000 kWh of electricity was generated by solar installations at four Watts manufacturing facilities in 2023.[42]
ESG in the boilermaker industry
- 32.2% of A. O. Smith revenue came from green products in the reported period.[44]
- 80.0% of A. O. Smith suppliers certified adherence to the company code of conduct in the reported period.[44]
- 100% of A. O. Smith full-time salaried employees certified adherence to the company code of conduct in the reported period.[44]
CSR in the boilermaker industry
- 2,068 individuals were served by WRTP/BIG STEP’s 2023 workforce-development program, which included boilermaker training and placement activity in the United States.[45]
- 59% of participants served by WRTP/BIG STEP in 2023 were people of color.[45]
- 12% of participants served by WRTP/BIG STEP in 2023 were women.[45]
Carbon footprint in the boilermaker industry
- 562,243 metric tons of greenhouse-gas avoidance was attributed to A. O. Smith water heaters and boilers in the reported sustainability period.[44]
- 85% is the reduction in electricity-related CO2 footprint attributed to rooftop solar at New Global Boiler Holding’s Danish factory.[40]
- 20.45 million tons of annual carbon emissions are associated with MIURA boilers installed in Japan, according to MIURA’s 2024 strategy presentation.[46]
13 Statistics
Risk, Compliance & Legal
Compliance intensity stays high: 183,000+ area-source boilers in the United States are subject to EPA air-pollution compliance requirements, according to current guidance.
Compliance in the boilermaker industry
- 2026 is the start year for U.S. DOE performance standards requiring condensing technology for new commercial gas-fired storage, instantaneous and hot-water-supply boilers.[17]
- 183,000+ area-source boilers in the United States are subject to EPA air-pollution compliance requirements, according to the agency’s boiler rule guidance (United States, current guidance).[47]
- 94.0% is the minimum thermal-efficiency requirement for gas-fired commercial boilers rated from 300,000 to 2.5 million Btu per hour under federal purchasing requirements (United States, 2024 guidance).[17]
- 96.0% is the required combustion efficiency for large gas-fired commercial hot-water boilers rated from 2.5 to 10 million Btu per hour under U.S. federal purchasing rules (United States, 2024 guidance).[17]
Risk Management in the industrial manufacturing sector (sector benchmark)
- 39% of U.S. industrial manufacturing risk executives identified regulatory changes and compliance issues as leading issues for the next two to five years in 2023.[2]
- 37% of U.S. industrial manufacturing risk executives identified supply chain disruptions as a leading issue for the next two to five years in 2023.[2]
- 39% of U.S. industrial manufacturing risk executives identified business resiliency as a leading issue for the next two to five years in 2023.[2]
- 44% of U.S. industrial manufacturing risk executives planned to improve risk identification and assessment in 2023.[2]
- 56% of U.S. industrial manufacturing risk executives planned to better align risk strategy with business objectives in 2023.[2]
Cybersecurity in the industrial manufacturing sector (sector benchmark)
- 40% of manufacturing respondents reported vulnerabilities in legacy systems and outdated software as an industrial-network cybersecurity challenge in 2024.[48]
- 8% was the median share of IT budgets allocated to security by manufacturing companies in 2024, down from 8.5% in 2022.[49]
- 49% of manufacturing respondents rated cybersecurity compliance as extremely important for operational networks in 2024, up from 29% in 2023.[48]
- 68% of smart-manufacturing survey respondents reported performing a cybersecurity risk or maturity assessment of their technology stack during the previous year.[50]
- 22% of organizations across industrial sectors reported at least one cybersecurity incident in their ICS/OT environment during the previous year in 2025.[51]
Data Privacy in the industrial manufacturing sector (sector benchmark)
- 61% of manufacturing respondents reported having a corporate-wide plan, strategy or formal guidelines for data management in 2024.[14]
- 22% of manufacturing respondents linked data collection, management or analysis to executive incentives, KPIs or business imperatives in 2024.[14]
- 58% of manufacturing respondents assigned primary data-governance responsibility to a C-suite or senior leader in 2024.[14]
- 19% of manufacturing respondents reported having a partially implemented data-privacy policy in 2024.[14]
- 72% of manufacturing respondents reported having a formal data-privacy policy in 2024.[14]
Crisis Management in the industrial manufacturing sector (sector benchmark)
- 5.9% of organizations expected crisis-management spending to be much higher in 2025 than in 2024.[52]
- 54.6% of organizations expected crisis-management spending to remain unchanged in 2025, according to the 2024 BCI report.[52]
- 28.6% of organizations expected crisis-management spending to be somewhat higher in 2025 than in 2024.[52]
- 75.1% of organizations activated their crisis-management teams during the previous 12 months in the 2024 BCI report.[52]
- 34.5% of organizations expected crisis-management spending to increase in 2025, according to the 2024 BCI report.[52]
14 Statistics
Globalization & Expansion
Installed-base and distribution footprints broaden service access: Babcock & Wilcox supports nearly 200 units across 40 countries plus more than 300 U.S. units.
Globalization in the boilermaker industry
- 40 countries contain nearly 200 Babcock & Wilcox boiler units in the company’s supported installed base, in addition to more than 300 U.S. units (company presentation, 2026).[53]
- $717.3 million was Babcock & Wilcox Enterprises’ consolidated revenue from continuing operations in 2024, reflecting the scale of a globally active boiler and energy-equipment company.[16]
Supplier management in the boilermaker industry
- 1,746 branches are operated by Ferguson Enterprises, giving boiler and HVAC manufacturers access to a broad U.S. distribution footprint.[54]
- 5,900 fleet vehicles are operated by Ferguson Enterprises across its distribution network, supporting delivery of plumbing, heating and industrial products.[54]
- 11 regional distribution centers are operated by Ferguson Enterprises in the United States, supporting its HVAC and industrial product distribution network.[54]
- 37,000 suppliers support Ferguson Enterprises, a major U.S. plumbing, heating, ventilation and air-conditioning distributor serving boiler-related supply chains (United States, company profile).[54]
Stakeholder management in the boilermaker industry
- 200+ apprentices were enrolled in a Boilermakers Local 154 training class after four years with no apprentice recruitment, reflecting renewed workforce engagement in the power and data-center sectors (Pennsylvania, 2025).[55]
- $10 million was committed by Google to a union-backed electrician-training program cited alongside skilled-trades workforce development involving boilermaker stakeholders (United States, 2025).[55]
- 200+ boilermaker-specific contractors use the International Brotherhood of Boilermakers as a labor supplier in Ontario, according to testimony before a Canadian legislative committee (Ontario, 2026).[56]
Distribution channels in the boilermaker industry
- 27.75% was the office segment’s share of commercial-boiler revenue in 2025, making offices the largest end-user segment in the cited market analysis (global market).[15]
- 4 stages form the primary nonresidential boiler distribution route identified in California research: representative or wholesaler, design engineer, contractor and owner (California, 2020).[57]
- 56.92% was the natural-gas share of the commercial-boiler market in 2025, indicating the dominant fuel-linked product channel in the cited market analysis (global market).[15]
- 5 primary market actors participate in the typical U.S. commercial-boiler channel: manufacturer, representative or wholesaler, mechanical contractor, design engineer and owner (United States, 2015 study).[57]
Key questions about the boilermaker industry
What is the U.S. boilermaker market size in 2026?
How fast is the U.S. boiler market expected to grow after 2026?
Which companies lead the boilermaker industry?
What technology shift is most visible for commercial boilers?
How is the market structured in terms of buyers and applications?
What are the main compliance and operating requirements affecting boiler work?
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Samuel Norberg. (2026, November 11). Boilermaker Industry Statistics. Gitnux. https://gitnux.org/boilermaker-industry-statistics
Samuel Norberg. "Boilermaker Industry Statistics." Gitnux, 11 Nov 2026, https://gitnux.org/boilermaker-industry-statistics.
Samuel Norberg. 2026. "Boilermaker Industry Statistics." Gitnux. https://gitnux.org/boilermaker-industry-statistics.
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