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|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2023 U.S. Industry Statistics & Market Forecast - Power Boiler & Heat Exchanger Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Power Boiler & 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.
|Statistics||2017 2018 2019 2020 2021 2022|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2023||2024||2025||2026||2027||2028|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Industry InsightsThe 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 StateMarket 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.
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 Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Power Boiler & Heat Exchanger Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry 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 & Heat Exchanger Manufacturing industry is performing.|
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 & 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 Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
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 Indicators||Industry 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
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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 EmployeesCompensation 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.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||3%|
|Office and Administrative Support Occupations||9%|
|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%|
|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%|
Power Boiler & Heat Exchanger Manufacturing Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Power Boiler & 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 & Heat Exchanger Manufacturing industry and adjacent sectors:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Power Boiler & Heat Exchanger Manufacturing industry.
Government ContractsIn 2022, the federal government spent a total of $7,754,166,941 on Power Boiler & Heat Exchanger Manufacturing. It has awarded 358 contracts to 170 companies, with an average value of $45,612,747 per company.
|Most Recent Contracts||Date||Total Award Amount|
|AUXILIARY SYSTEMS, INC. |
311 East 24th Street
|Jun 22, 2023||$15,700|