Industry Data & Market Research

2024 U.S. Industry Statistics & Market Forecast - Power Boiler and Heat Exchanger Manufacturing

Market Size & Industry Statistics

The total U.S. industry market size for Power Boiler and Heat Exchanger Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Power Boiler and Heat Exchanger Manufacturing industry is subject to several key trends that are shaping the market. One of the most significant trends is the growing demand for energy-efficient heating and cooling solutions, which is driving innovation in product design and manufacturing processes. This includes the development of new materials, such as titanium alloys and advanced ceramics, which are lighter and more durable than traditional metals and able to withstand high temperatures and pressures.

Another trend driving change in the industry is the shift toward cleaner and more sustainable energy sources, such as biomass, geothermal, and solar power. This is creating new opportunities for manufacturers of biomass boilers, heat exchangers, and other related products.

Consolidation is also a key trend in the Power Boiler and Heat Exchanger Manufacturing industry, as larger firms seek to gain economies of scale and leverage their resources to compete more effectively in a global market. In addition, the industry is facing increased competition from low-cost imports from countries such as China and India, which is putting pressure on domestic manufacturers to lower costs and improve efficiency.

Finally, advancements in digital technology, including the Internet of Things and Industry 4.0, are driving innovation in product design and manufacturing processes, enabling manufacturers to optimize production and improve product quality while reducing costs. This trend is likely to continue in the coming years, as industry players invest in automation and data analytics to gain a competitive edge.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Power Boiler and Heat Exchanger Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Power Boiler and Heat Exchanger Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Power Boiler and Heat Exchanger Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Chief Executives0%
General and Operations Managers3%
Office and Administrative Support Occupations 9%
Production Occupations 59%
Assemblers and Fabricators 11%
Miscellaneous Assemblers and Fabricators 8%
Metal Workers and Plastic Workers 29%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic 7%
Machinists 8%
Machinists 8%
Welding, Soldering, and Brazing Workers 8%
Welders, Cutters, Solderers, and Brazers 8%
Other Production Occupations 14%
Computer Numerically Controlled Tool Operators and Programmers 5%
Transportation and Material Moving Occupations 6%
Source: Bureau of Labor Statistics

Power Boiler and Heat Exchanger Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Power Boiler and Heat Exchanger Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Power Boiler and Heat Exchanger Manufacturing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Power Boiler and Heat Exchanger Manufacturing industry.

Innovation News

Recent Federal Contracts for Power Boiler and Heat Exchanger Manufacturing

  • Mar 27, 2024: TRANTER INC (Houston, TX) awarded $18,912
  • Mar 27, 2024: AT&F ADVANCED METALS LLC (Orrville, OH) awarded $58,886
  • Mar 25, 2024: IVAN WARE & SON, INC (Louisville, KY) awarded $975,475
  • Mar 22, 2024: AGGREKO, LLC (Cedar Hill, TX) awarded $6,979
  • Mar 22, 2024: LYNCHBURG AIR PREHEATER CORPORATION (Lynchburg, VA) awarded $653,052
  • Mar 20, 2024: ALFA LAVAL INC (Warminster, PA) awarded $13,014