Commercial Boiler Market Share Analysis Report, 2022-2030
The global commercial boiler market was worth at US$ 2.19 billion in 2021 and is expected to reach over US$ 3.34 billion by 2030, poised to grow at a CAGR of 4.8% from 2022 to 2030.
Growth Factors:
The commercial boilers are pressure systems that heat water for building heating by burning combustible fuels or using electricity. Some boilers use hot water directly, while others use steam-generated water. The heat exchanger transfers heat from the burners or electric coils inside the boiler to the water. The combustion chamber, heat exchanger, burner, and other components make up a commercial boiler. The expanding demand for commercial boilers has been fueled by the growing preference for cost-effective heating systems in commercial enterprises around the world.
The natural gas is utilized more frequently in commercial boilers than solid fuel because natural gas enhances overall efficiency and minimizes dangerous gas emissions. As a result, the government is encouraging the use of natural gas-fired combustion boilers.
In extremely cold countries, commercial boilers are widely used to heat water. The global commercial boilers market is expected to fuel by an increase in the demand for space heating in both commercial and residential buildings, as well as the expansion of the industrial sector. The increased commercial sector investments in the development of economically and environmentally friendly infrastructure are also expected to propel the global commercial boilers market.
The global commercial boilers market is hampered by high boiler production costs. These boilers are very difficult to maintain and install. It must be addressed by the users. The commercial boilers require cylinders with large diameters. The heat radiated by commercial boilers radiators is unbearable.
The global commercial boilers market is expected to rise significantly, owing to rising investments to meet rising energy demand and a fundamental change toward integration of high efficiency heating systems. The expanding healthcare sector, as well as the growth of existing commercial facilities, will influence product acceptance positively. Several government initiatives aimed at expanding green building will boost the commercial boilers market growth during the forecast period.
Although the regulatory standards enforced at the federal, state, and municipal levels frequently overlap and differ, this impacts the market growth. And, as the government continues to tighten down an emission from commercial boilers, it’s more crucial than ever for businesses and organizations to ensure that their systems are up to standards.
The commercial boilers market is influenced positively by a demand for energy efficiency in the commercial sectors. The key market players are interested in solutions that will save them money in the long run while also addressing a wide range of requirements. The combustion, controls, and thermal efficiency are all being improved.
Scope of the Commercial Boiler Market
|
Report Coverage |
Details |
|
Market Size in 2020 |
USD 2.1 Billion |
|
Growth Rate from 2021 to 2030 |
CAGR of 4.8% |
|
Revenue Projection by 2030 |
USD 3.34 Billion |
|
Largest Market |
Europe |
|
Fastest Growing Market |
North America |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2030 |
|
Companies Mentioned |
Parker Boiler, Fulton Boiler Company, Bosch Thermotechnology, A.O. Smith Corporation, Slant/Fin Corporation, Vaillant Group, Cochran Limited, Superior Boiler Works Inc., Cleaver-Brooks, Weil-McLain Solvay S.A. |
Region Insights
Based on the region, the Europe segment dominated the global commercial boiler market in 2020, in terms of revenue and is estimated to sustain its dominance during the forecast period. The majority of building constructions in the UK, such as healthcare facilities and educational institutions, rely heavily on low-pressure heating systems.
On the other hand, the North America is estimated to be the most opportunistic segment during the forecast period. Due to strong expansion in the industrial sector and attempts to minimize emissions in the region, the North America is becoming an emerging region in terms of commercial boiler use.
Some of the prominent players in the Commercial Boiler Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Fuel
By Technology
By Product
By Capacity
By Application
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Commercial Boiler Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Commercial Boiler Market
5.1. COVID-19 Landscape: Commercial Boiler Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Commercial Boiler Market, By Fuel Type
8.1. Commercial Boiler Market, by Fuel Type, 2021-2030
8.1.1. Natural Gas
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Oil
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Coal
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Commercial Boiler Market, By Product Type
9.1. Commercial Boiler Market, by Product Type, 2021-2030
9.1.1. Hot Water
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Steam
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Commercial Boiler Market, By Technology Type
10.1. Commercial Boiler Market, by Technology Type, 2021-2030
10.1.1. Condensing
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Non-condensing
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Commercial Boiler Market, By Capacity Type
11.1. Commercial Boiler Market, by Capacity Type, 2021-2030
11.1.1. Less than 10 MMBtu/hr
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. 10-50 MMBtu/hr
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Others
11.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Commercial Boiler Market, By Application
12.1. Commercial Boiler Market, by Application, 2021-2030
12.1.1. Offices
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Healthcare Facilities
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Educational Institutions
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Lodgings
12.1.4.1. Market Revenue and Forecast (2017-2030)
12.1.5. Retail Stores
12.1.5.1. Market Revenue and Forecast (2017-2030)
12.1.6. Others
12.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Commercial Boiler Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.1.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.1.5. Market Revenue and Forecast, by Application (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.1.7. Market Revenue and Forecast, by Application (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Application (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.2.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.2.5. Market Revenue and Forecast, by Application (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.7. Market Revenue and Forecast, by Capacity (2017-2030)
13.2.8. Market Revenue and Forecast, by Application (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.10. Market Revenue and Forecast, by Capacity (2017-2030)
13.2.11. Market Revenue and Forecast, by Application (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.2.13. Market Revenue and Forecast, by Application (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.2.15. Market Revenue and Forecast, by Application (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.3.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.3.5. Market Revenue and Forecast, by Application (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.3.7. Market Revenue and Forecast, by Application (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.3.9. Market Revenue and Forecast, by Application (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Application (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Application (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.4.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.4.5. Market Revenue and Forecast, by Application (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.4.7. Market Revenue and Forecast, by Application (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.4.9. Market Revenue and Forecast, by Application (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Application (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Application (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.5.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.5.5. Market Revenue and Forecast, by Application (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.5.7. Market Revenue and Forecast, by Application (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Fuel (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Capacity (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Application (2017-2030)
Chapter 14. Company Profiles
14.1. Parker Boiler
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Fulton Boiler Company
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Bosch Thermotechnology
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. A.O. Smith Corporation
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Slant/Fin Corporation
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Vaillant Group
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Cochran Limited
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Superior Boiler Works Inc.
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Cleaver-Brooks
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Weil-McLain Solvay S.A.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers