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Commercial Boiler Market Size, Share, Growth, Trend 2027 | Robert Bosch, A.O. Smith Corporation, Cochran Limited, Cleaver-Brooks
Commercial Boiler Market
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Market Overview
Commercial boiler is made by key five key accessories namely as burner, combustion chamber, heat exchanger, controls, and exhaust stack, among others. The growing preference for cost-efficient heating systems in commercial establishments has propelled the demand for Commercial Boilers all over the world. For instance, as per Energy.gov & Statista, the unit sales of non-condensing and condensing commercial boilers in North America has risen from 69,000 units in 2014 to 73,000 units in 2020.
COVID-19 Impact
The impact of the COVID-19 pandemic is being felt in global real estate markets, with commercial real estate investment volumes falling across all three regions in the first half of the year. Direct commercial real estate investment fell 29 percent globally to $321 billion in the first six months of 2020 compared to the year-earlier period, according to data from JLL. The drop came amid widespread lockdowns and travel restrictions that stalled investors’ short-term capital deployment plans. Investment volumes in the Americas region saw the biggest half-yearly decline, with a 37 percent fall. Volumes in Asia Pacific dropped 32 percent. The EMEA region saw activity fall 13 percent, a relative outperformance due to pre-COVID deals that carried into the first half.
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Global Commercial Boiler Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Fuel Type, the market is primarily bifurcated into:
• Natural Gas
• Oil
• Coal
• Others
The Natural Gas segment is expected to grow at a CAGR of --% during the forecast period to reach a market valuation of USD -- billion by 2027 as natural gas improves the overall efficiency and reduces the harmful gases emission.
By Technology, the market is primarily studied into:
• Condensing
• Non-Condensing
Based on technology, the Non-Condensing segment dominated the Commercial Boiler Market and accounted for --% market share. However, Condensing boilers can increase the efficiency of a building’s steady-state heating efficiency from 6% to 18% over standard boiler systems, depending on how the condensing boilers are designed, operated, and the efficiency of the existing boilers.
By Capacity, the market is primarily studied into:
• Less than 10 MMBtu/hr
• 10-50 MMBtu/hr
• More than 50 MMBtu/hr
Based on Capacity, Less than 10 MMBtu/hr boiler segment dominated the market in 2020, owing to their easy installation along with cost effectiveness over its available counterparts. Moreover, they provide ample hot water for almost all small commercial applications.
By End-User, the market is primarily studied into:
• Offices
• Hospitals
• Educational Institutions
• Lodging
• Others
Based on end user type, hospitals segment expected to grow at a CAGR of --% during the forecast period to reach a market valuation of USD -- billion by 2027 due to rising investments in advanced healthcare infrastructure & subsequent rise in the demand of heat systems such as blower, geysers, and others in the healthcare facilities for functioning of required heating operations of the indoor spaces.
Global Commercial Boiler Market Region Segmentation Includes:
• North America
• Europe
• Asia Pacific
• Rest of World
Based on the estimation, North America dominated the market in 2020 and is expected to maintain its dominance during the forecast period (2021-2027).
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The major players targeting the market includes:
• Robert Bosch
• A.O. Smith Corporation
• Cochran Limited
• Cleaver-Brooks
• Fulton Boiler Company
• Parker Boiler Co.
• Vaillant Group
• Dongfang Electric Corporation Limited
• Thermax Limited
• Weil-McLain Solvay S.A.
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Global context. The specialist team of research analysts sheds light on various traits such as Global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Commercial Boiler Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Global Commercial Boiler Market?
• Which factors are influencing the Global Commercial Boiler Market over the forecast period?
• What are the global challenges, threats, and risks in the Global Commercial Boiler Market?
• Which factors are propelling and restraining the Global Commercial Boiler Market?
• What are the demanding global regions of the Commercial Boiler Market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.
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UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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