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Commercial Boiler Competitive Market In-Analysis & Forecast-2024 by Major Players Viessmann, A. O. Smith Corporation, Babcock & Wilcox, Vaillant Group, Weil-McLain, Cleaver-Brooks

02-14-2019 07:49 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Commercial Boiler Market

Commercial Boiler Market

Growing focus toward minimization of Greenhouse Gas (GHG) emissions coupled with enactment and strengthening of emission standards are some of the paramount factors which will drive the demand for energy efficient commercial boilers. The respective governments and investors are continuously focusing toward deployment of energy efficient devices and the development of economically and ecologically sustainable commercial infrastructure. For instance, in 2017, the European Commission (EC) launched a Voluntary Reporting Framework Level(s) toward improvement of sustainability of buildings.

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Introduction of stringent government legislatives toward the reduction of carbon emissions will boost the condensing commercial boiler market. For instance, National Emission Standards for Hazardous Air Pollutants was implemented by the Environmental Protection Agency in order to restrict the greenhouse gas emissions from industrial and commercial establishments. Reliable operation, simple controls and compact design are the underlying features that will boost the product adoption.

Oil fired commercial boiler market is predicted to surpass annual installation of 100 thousand units by 2024. Lower Annual Fuel Utilization Efficiency (AFUE) and relatively higher carbon emissions along with government initiatives to limit the GHG emissions may restrict the product deployment in medium term. However, better accessibility to fuel and lower initial cost are some of the key factors that will keep the product competitive in the boiler industry.

Healthcare commercial boiler market will witness a strong growth on account of growing demand for hot water for sterilization of medical instruments, sheets and for space heating. Rising government and private investment toward expansion and modernization of healthcare infrastructure will further fuel the product demand. According to the U.S. Centers for Medicare and Medicaid Services, total expense on healthcare in 2017 was estimated to be USD 3.5 trillion, which is projected to reach USD 5.7 trillion by 2026.

The U.S. market will witness strong growth on account of stringent federal legislatives to limit carbon footprints from commercial infrastructures coupled with investments toward replacement and upgradation of conventional heating units. The federal government in conjunction with the respective state agencies has introduced a range of measures to curb the rising air pollution. For instance, the Environmental Protection Agency (EPA) has adopted the New Source Performance Standards (NSPS), for commercial steam boiler, which comprise the emission standards for air pollutants including particulate matters, SO2 and NO2 from boilers.

Major companies active in the business are concentrating toward development of new products and inorganic growth ventures as their growth strategy. For instance, in March 2016, Cleaver-Brooks announced the acquisition of Camus Hydronics, a developer and manufacturer of condensing hydronic boilers. The acquisition will strengthen the company’s position in the boiler industry.

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Notable industry participants across the global market include Viessmann, O. Smith Corporation, Babcock & Wilcox, Vaillant Group, Weil-McLain, Cleaver-Brooks, BDR Thermea Group., Ferroli S.p.A., NIBE Energy Systems Limited, Fulton Boiler Works (GB) Limited, MIURA AMERICA CO., LTD., Le Groupe Simoneau, Navien, Inc. & WOLF GmbH.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: http://global4energy.com/

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