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Boiler & Heat Exchanger Manufacturing in Minnesota

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MN33241

Boiler & Heat Exchanger Manufacturing in Minnesota industry analysis

The Boiler & Heat Exchanger Manufacturing industry in Minnesota is expected to decline an annualized x% to $x.x million over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to decrease an annualized -x.x% to xxx workers, while industry wages are forecast to increase % to $x.x million.

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About the Boiler & Heat Exchanger Manufacturing in Minnesota Market Research Report

What’s Included in the Boiler & Heat Exchanger Manufacturing in Minnesota Market Research Report

Definition of the Boiler & Heat Exchanger Manufacturing in Minnesota?

This industry primarily manufactures boilers and heat exchangers. Boilers are closed vessels where the fluid is heated, while heat exchangers enable thermal energy to be transferred between fluids while keeping them separate. Industry products are used in a variety of industrial, energy and commercial markets.

What’s included in the Boiler & Heat Exchanger Manufacturing in Minnesota?

The Boiler & Heat Exchanger Manufacturing in Minnesota includes manufacturing heat exchangers and steam condensers, manufacturing boilers and parts/attachments and manufacturing nuclear reactor steam supply systems. Related terms covered in the Boiler & Heat Exchanger Manufacturing in Minnesota industry report includes a contact condenser that uses a long, vertical pipe where water and other liquids are removed by the pressure at the end of the pipe, a heat exchange device that heats fluid up to its boiling point while improving boiler efficiency, heating, ventilating and air conditioning systems used to maintain air quality through ventilation and filtration, a closed vessel in which water or other fluids are heated and equipment built for efficient heat transfer from one medium to another. the media may be separated to prevent mixing or they may be in direct contact.

Industry Performance of the Boiler & Heat Exchanger Manufacturing industry in Minnesota

Benchmark the Boiler & Heat Exchanger Manufacturing in Minnesota industry performance with all MN county and national performance.

Boiler & Heat Exchanger Manufacturing in Minnesota

#11 in Highest Revenue 3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Boiler & Heat Exchanger Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Boiler & Heat Exchanger Manufacturing industry in Minnesota

See how key industry drivers, such as population, private investment in non-residential construction, gross state product, value of private nonresidential construction, private investment in industrial equipment and machinery and value of utilities construction are impacting Boiler & Heat Exchanger Manufacturing in Minnesota

Minnesota Economic Indicators

Population
Private Investment in Non-Residential Construction
Gross State Product

View more economic information in MN State Economic profile

US Key External Drivers

Value of private nonresidential construction
Private investment in industrial equipment and machinery
Value of utilities construction

For the full list of industry drivers, see report purchase options.

County Data of the Boiler & Heat Exchanger Manufacturing industry in Minnesota

Access proprietary data on county in the Boiler & Heat Exchanger Manufacturing in Minnesota, such as Anoka County, Carver County and St. Louis County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Boiler & Heat Exchanger Manufacturing industry in Minnesota

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Boiler & Heat Exchanger Manufacturing industry in Minnesota in 2025?

The market size of the Boiler & Heat Exchanger Manufacturing industry in Minnesota is $217.2m in 2025.

How many businesses are there in the Boiler & Heat Exchanger Manufacturing industry in Minnesota in 2025?

There are 5 businesses in the Boiler & Heat Exchanger Manufacturing industry in Minnesota, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Boiler & Heat Exchanger Manufacturing industry in Minnesota grown or declined over the past 5 years?

The market size of the Boiler & Heat Exchanger Manufacturing industry in Minnesota has been declining at an average annual rate of 0.0% from 2020 to 2025.

How many employees in the Boiler & Heat Exchanger Manufacturing industry in Minnesota in 2025?

There are 441 employees in the Boiler & Heat Exchanger Manufacturing industry in Minnesota, which has been declining at an average annual rate of -1.7% from 2020 to 2025.