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The latest research study “Commercial Boiler Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global commercial boiler market size 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.
Commercial boilers are pressurized systems that use combustible fuels or electricity to heat water and provide heating services in commercial buildings. They contain a burner, heat exchanger, controls, combustion chamber, and exhaust stack. Some commonly available commercial boilers include water tube, electric, fire tube, vertical, and condensing boilers. According to the type of boiler, the burner or electric coil produces hot water or steam, which is transferred via pipes throughout the building. As a result, these systems find widespread applications across offices, warehouses, educational institutions, retail outlets, hospitals, etc., to keep the space warm and comfortable.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Commercial Boiler Market Trends and Drivers:
The escalating demand for space heating is among the primary factors driving the commercial boiler market. Besides this, the elevating utilization of energy-efficient solutions and the development of green buildings to minimize carbon emissions are further augmenting the market growth.
Apart from this, the launch of favorable policies by the government bodies to install modern commercial boiler technologies that offer lower emission discharge levels and greater efficiency are also catalyzing the global market. Moreover, the expanding tourism sector, the increasing construction of commercial and residential buildings, and the inflating industrialization levels are acting as significant growth-inducing factors.
Furthermore, the rising research and development (R&D) activities by leading manufacturers to introduce innovative systems with enhanced efficiency, compact designs, easy installation, low carbon footprint, etc., are expected to bolster the commercial boiler market in the coming years.
Global Commercial Boiler Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Major Key Players:
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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The report has segmented the market on the basis of region, fuel type, technology, capacity and end user.
Breakup by End User:
• 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)
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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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