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

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
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Commercial Boiler Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Fuel Type
    6.1    Natural Gas
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Oil
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Coal
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others  
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Technology
    7.1    Condensing
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Non-Condensing
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Capacity
    8.1    Less Than 10 MMBtu/Hr
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    10-50 MMBtu/Hr
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by End User
    9.1    Offices
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Hospitals
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Educational Institutions
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Lodging
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others 
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Aerco International Inc. (Watts Water Technologies)
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Ariston Holding N.V.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Cleaver-Brooks Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Energy Kinetics Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Parker Boiler
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    PB Heat LLC. (NORITZ Corporation)
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Slant/Fin Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Superior Boiler Works Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    The Fulton Companies
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Vaillant Group
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Weil-McLain (SPX Corporation)
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Wolf GmbH (Centrotec SE)
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Commercial Boiler Market: Major Drivers and Challenges
Figure 2: Global: Commercial Boiler Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Commercial Boiler Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Commercial Boiler Market: Breakup by Fuel Type (in %), 2021
Figure 5: Global: Commercial Boiler Market: Breakup by Technology (in %), 2021
Figure 6: Global: Commercial Boiler Market: Breakup by Capacity (in %), 2021
Figure 7: Global: Commercial Boiler Market: Breakup by End User (in %), 2021
Figure 8: Global: Commercial Boiler Market: Breakup by Region (in %), 2021
Figure 9: Global: Commercial Boiler (Natural Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Commercial Boiler (Natural Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Commercial Boiler (Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Commercial Boiler (Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Commercial Boiler (Coal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Commercial Boiler (Coal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Commercial Boiler (Other Fuel Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Commercial Boiler (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Commercial Boiler (Condensing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Commercial Boiler (Condensing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Commercial Boiler (Non-Condensing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Commercial Boiler (Non-Condensing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Commercial Boiler (Less Than 10 MMBtu/Hr) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Commercial Boiler (Less Than 10 MMBtu/Hr) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Commercial Boiler (10-50 MMBtu/Hr) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Commercial Boiler (10-50 MMBtu/Hr) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Commercial Boiler (Other Capacities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Commercial Boiler (Other Capacities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Commercial Boiler (Offices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Commercial Boiler (Offices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Commercial Boiler (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Commercial Boiler (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Commercial Boiler (Educational Institutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Commercial Boiler (Educational Institutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Commercial Boiler (Lodging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Commercial Boiler (Lodging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Commercial Boiler (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Commercial Boiler (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Commercial Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Commercial Boiler Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Commercial Boiler Industry: SWOT Analysis
Figure 87: Global: Commercial Boiler Industry: Value Chain Analysis
Figure 88: Global: Commercial Boiler Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Commercial Boiler Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Commercial Boiler Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 3: Global: Commercial Boiler Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Commercial Boiler Market Forecast: Breakup by Capacity (in Million US$), 2022-2027
Table 5: Global: Commercial Boiler Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Commercial Boiler Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Commercial Boiler Market: Competitive Structure
Table 8: Global: Commercial Boiler Market: Key Players

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Key Questions Answered in This Report

The global commercial boiler market was valued at US$ 1.19 Billion in 2021.

We expect the global commercial boiler market to exhibit a CAGR of 4.20% during 2022-2027.

The growing popularity of space heating in commercial spaces, along with the rising adoption of
commercial boiler systems as an energy-efficient solution, is primarily driving the global commercial
boiler market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of various end-use
industries, thereby negatively impacting the demand for commercial boilers.

Based on the fuel type, the global commercial boiler market can be categorized into natural gas, oil,
coal, and others. Currently, natural gas exhibits clear dominance in the market.

Based on the capacity, the global commercial boiler market has been segmented into less than 10
MMBtu/Hr, 10-50 MMBtu/Hr, and others. Among these, less than 10MMBtu/Hr represents the
largest market share.

Based on the end user, the global commercial boiler market can be bifurcated into offices, hospitals,
educational institutions, lodging, and others. Currently, offices account for the majority of the total
market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Europe currently dominates the global market.

Some of the major players in the global commercial boiler market include 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).

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