Commercial Boiler Market (By Fuel: Natural Gas, Oil, Coal, and Others; By Technology: Condensing and Non-Condensing; By Product: Hot Water and Steam; By Application: Offices, Healthcare Facilities, Educational Institutions, Lodgings, Retail Stores, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 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:

  • 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.

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

  • Natural Gas
  • Oil
  • Coal
  • Others

By Technology

  • Condensing
  • Non-condensing

By Product

  • Hot Water
  • Steam

By Capacity

  • Less than 10 MMBtu/hr
  • 10-50 MMBtu/hr
  • Others

By Application

  • Offices
  • Healthcare Facilities
  • Educational Institutions
  • Lodgings
  • Retail Stores
  • Others

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Key Points Covered in Commercial Boiler Market Study:

  • Growth of Commercial Boiler in 2022
  • Market Estimates and Forecasts (2017-2030)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Commercial Boiler and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Commercial Boiler Consumption Analysis
  •  Commercial Boiler Production Analysis
  •  Commercial Boiler and Management

Report Detail

  • Report Code:6454
  • No. of Pages:150+
  • Format:PDF/PPT/Excel

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