Commercial Boiler Market Size, Share, Growth, Trends, Report and Industry Analysis 2022-2027

According to the latest report by IMARC Group, titled "Global Commercial Boiler Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", the global commercial boiler market 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.

A commercial boiler is a pressurized system that produces heat by burning combustible fuel or using electricity for heating water in residential and commercial buildings. Some of the most commonly used components in a commercial boiler include burner, combustion chamber, heat exchanger, controls, and exhaust stacks. The burner or electric coil in a commercial boiler produces steam via a heat exchanger to convert cold water into hot water. As a result, commercial boilers are widely installed across offices, warehouses, educational institutions, retail outlets, and hospitals.

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Commercial Boiler Market Trends and Drivers:

The global commercial boiler market is primarily driven by the increasing demand for space heating across commercial spaces to keep the area warm and comfortable.

Besides this, the rising number of commercial and residential buildings coupled with the growing need for safety rules in heating equipment are also fueling the growth of the market. In addition to this, governments across various countries are implementing stringent environmental regulations, thereby escalating the demand for advanced commercial boilers.

They are also upgrading the existing commercial boilers to decrease carbon footprint. Furthermore, manufacturers are introducing commercial boilers with safety relief valves to release excessive pressure and improve performance and efficiency, which is anticipated to positively influence the market growth in the upcoming years.

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.

Global Commercial Boiler Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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 Fuel Type:
• Natural Gas
• Oil
• Coal
• Others

Breakup by Technology:
• Condensing
• Non-Condensing

Breakup by Capacity:
• Less Than 10 MMBtu/Hr
• 10-50 MMBtu/Hr
• Others

Breakup by End User:
• Offices
• Hospitals
• Educational Institutions
• Lodging
• Others

Breakup by Region:
• 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)
• Middle East and Africa

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:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• 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.

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