Commercial Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Commercial Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5018
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Market Overview:

The global commercial boiler market reached a value of US$ 1.19 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.56 Billion by 2027 exhibiting a CAGR of 4.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Commercial boilers refer to pressurized systems that use electricity or combustible fuels to heat water that provides heating in a commercial building. They consist of a burner, combustion chamber, heat exchanger, controls, and exhaust stack. Some commonly used commercial boilers include firetube, water tube, commercial electric, vertical, and condensing boilers. Depending on the type of the boiler, the burner or electric coil produces hot water or steam, which is transferred via pipes throughout the building. As a result, commercial boilers are widely installed in offices, warehouses, educational institutions, retail outlets, and hospitals to keep the space warm and comfortable.

 

 
 

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Commercial Boiler Market Trends:

The escalating demand for space heating in commercial spaces represents the primary factor driving the market growth. Besides this, the rising adoption of energy-efficient solutions, coupled with the increasing investments for the development of green buildings to minimize carbon emissions, is augmenting the demand for commercial boilers. Additionally, governments of various countries are taking several favorable initiatives to install new commercial boilers and upgrade the existing ones. Along with this, the implementation of stringent environmental regulations is accelerating the product adoption rates as modern commercial boiler technologies offer greater efficiency and lower emission discharge. Furthermore, the leading manufacturers are making heavy investments in research and development (R&D) activities to launch innovative boiler systems with compact designs, enhanced efficiency, low carbon footprint, and easy installation. This, in turn, has shifted consumer preferences from conventional to commercial boilers across the globe. Other factors, including the expanding tourism infrastructure, rising construction of residential and commercial buildings, rapid industrialization, and technological advancements, are also expected to create a positive market outlook in the upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial boiler market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on fuel type, technology, capacity and end user.

Breakup by Fuel Type:

  • Natural Gas
  • Oil
  • Coal
  • Others
     

Breakup by Technology:

 

 
 

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  • Condensing
  • Non-Condensing
     

Breakup by Capacity:

  • Less Than 10 MMBtu/Hr
  • 10-50 MMBtu/Hr
  • Others
     

Breakup by End User:

  • Offices
  • Hospitals
  • Educational Institutions
  • Lodging
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerco International Inc. (Watts Water Technologies), Ariston Holding N.V., Cleaver-Brooks Inc., Energy Kinetics Inc., Parker Boiler, PB Heat LLC. (NORITZ Corporation), Slant/Fin Corporation, Superior Boiler Works Inc., The Fulton Companies, Vaillant Group, Weil-McLain (SPX Corporation) and Wolf GmbH (Centrotec SE).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Fuel Type, Technology, Capacity, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aerco International Inc. (Watts Water Technologies), Ariston Holding N.V., Cleaver-Brooks Inc., Energy Kinetics Inc., Parker Boiler, PB Heat LLC. (NORITZ Corporation), Slant/Fin Corporation, Superior Boiler Works Inc., The Fulton Companies, Vaillant Group, Weil-McLain (SPX Corporation) and Wolf GmbH (Centrotec SE).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Commercial Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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