The commercial boiler market is projected to register a CAGR of 4% during the forecast period, up from US$ 1.98 Bn in 2021 to reach a valuation of US$ 3.04 Bn by 2032.
The commercial boiler market is anticipated to show steady growth prospects during the forecast period, owing to rising investments towards the development of green buildings to reduce carbon emissions.
| Attributes | Details |
| Commercial Boiler Market Value (2021) | US$ 1.98 Bn |
| Commercial Boiler Market Projected Value (2022) | US$ 3.04 Bn |
| CAGR (2022-2032) | 4% |
Sales of commercial boilers are likely to increase throughout the forecast period, owing to an increase in the number of business and residential buildings and stricter safety regulations for heating equipment.
Additionally, most commercial boiler manufacturers install safety relief valves in existing and new commercial boilers to relieve excessive pressure and increase performance and efficiency, which is anticipated to drive the global commercial boilers market.
Increasing investments towards the development of green buildings to reduce carbon emissions are also projected to contribute to the growth of the commercial boiler market share.
The report sheds light on the factors improving the sales of the commercial boiler and, in turn, the opportunities for the market players. However, the commercial boiler market also faces some challenges, which might limit the commercial boiler market share from reaching its potential.
Some of the key commercial boiler market trends promoting the demand for commercial boilers include the ongoing shift away from traditional heating systems and toward more efficient and cost-effective water heating technologies.
Various underlying features offered by commercial boilers, such as growing digital system integration for effective control and monitoring capabilities, ease of installation, and low acquisition prices, would promote the demand for commercial boiler units.
Growing attempts to minimize GHG emissions, as well as an increase in the implementation of severe environmental policies, are a few of the primary reasons driving the demand for global commercial boilers.
Low operating costs and great heating efficiency are only a few of the technology's key qualities, which is expected to help it keep up with global commercial boiler market trends. Furthermore, due to the ongoing replacement and upgrade of traditional heating systems, the global commercial boiler market has seen significant expansion in recent years.
High-cost requirement for regular cleaning and maintenance is one of the most crucial factors which is expected to suppress the overall sales of commercial boiler market over the forecast period.
Leading manufacturers of commercial boiler are focused on making compact design, and energy efficient accessories for commercial boilers. Moreover, manufacturers are also making industrial boiler under government regulations. This has become supply side trend and it is projected to continue aiding the growth of global commercial boiler market over the forecast period.
Due to increased demand for commercial boilers, mostly from cold countries like Canada and the United States, North America is expected to gain substantial traction in the global commercial boiler market.
Also, an increasing number of new commercial and residential buildings that demand heat to live a safe and comfortable life are rising. As a result, Europe is expected to account for a large value share in the global commercial boiler market.
The Nordic and CIS countries, on the other hand, have a lot of promise in the commercial boiler market.
The Asia Pacific and Middle East Africa regions are expected to develop at a moderate rate in the global commercial boiler market, owing to the fact that water heaters are mostly used in residential and commercial applications in these nations.
Some of the key players in the commercial boiler market are Weil-McLain, Superior Boiler Works, Inc. Hamworthy Heating, Burnham Commercial, ZOZEN boiler Co., Ltd., Superior Boiler Works, Inc., Indtex Boiler Pvt. Ltd., Fangkuai Boiler Industry, China Boiler Co., Ltd., Oklahoma Boiler Equipment.
| Report Attribute | Details |
| Growth rate | CAGR of 4% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD billion, CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Boiler type, Fuel type, Capacity, End User, region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Weil-McLain, Superior Boiler Works, Inc. Hamworthy Heating, Burnham Commercial, ZOZEN boiler Co., Ltd., Superior Boiler Works, Inc., Indtex Boiler Pvt. Ltd., Fangkuai Boiler Industry, China Boiler Co., Ltd., Oklahoma Boiler Equipment. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The commercial boiler market is anticipated to register a CAGR of 4% during the forecast period (2022-2032).
Key players holding substantial commercial boiler market share include Weil-McLain, Superior Boiler Works, Inc. Hamworthy Heating, Burnham Commercial, ZOZEN boiler Co., Ltd., Superior Boiler Works, Inc., Indtex Boiler Pvt. Ltd., Fangkuai Boiler Industry, China Boiler Co., Ltd., Oklahoma Boiler Equipment.
As per the analysis, the commercial boiler market share is likely to be US$ XX Bn/Mn by 202K.
Demand for commercial boilers is likely to rise owing to an increase in the number of business and residential buildings, as well as stricter safety regulations for heating equipment.
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Commercial Boiler Market
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