U.S. Commercial Boiler Market Key Players are Fulton, Cleaver-Brooks, Parker, Burnham, PB Heat, Bradford White, A.O. Smith, Weil-McLain, Miura, Babcock and Wilcox, Victory Energy, Columbia Boiler, Superior Boiler
U.S. commercial boiler market capacity from lodgings accounted for over 67,000 MMBtu/hr in 2017. These products are predominately deployed for hot water and steam generation across hotels, dormitories, retirement & nursing homes and guest cottages. Positive outlook towards hospitality sector has resulted in growing installation of these products.
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1. Positive outlook towards healthcare sector
2. Rising need for space heating in commercial buildings
3. Growing demand for energy efficiency boilers
4. Strict government regulations
Rising consumer awareness toward energy efficient heating systems coupled with advancements in control and operation will drive the replacement of traditional heating systems with high efficiency condensing units. Remote diagnostics, boiler to boiler communication systems and ability to synchronize with building automation systems are some of the key features of modern systems which will enhance the business landscape.
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Stringent regulatory norms toward CO2 emissions will fuel the demand for condensing commercial boilers. These systems offer improved efficiency by tapping the heat from the flue gases. Improved fuel savings, and compliance with the emission and efficiency norms are some of prominent features which will drive the product demand over forecast period.
Growing effort towards limiting GHG emissions from commercial and industrial centers will fuel the commercial boiler market potential. Federal government along with state agencies have introduced a range of policies to limit the carbon emission across key economic sectors. For instance, National Emission Standards for Hazardous Air Pollutants, introduced by the U.S. government aims to restrict the emissions of carbon mono oxide, mercury, particulate matter and other pollutants.
Commercial boiler market from natural gas is anticipated to witness robust growth on account of abundant gas availability and its easier storage. Some of the distinct advantages of gas fired units include low noise, reduced operating costs and absence of soot. California, New York, Texas, Illinois and Louisiana are some of the prominent states with comparatively high gas consumptions.
Ohio commercial boiler market is projected to exceed USD 150 million in 2024. Positive outlook toward healthcare sector coupled with growing deployment of energy efficient buildings will fuel the product demand. In 2015, state’s construction sector witnessed growth of over 6% from the previous year accounting for USD 22 billion.
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