Global Commercial Boiler Market Size 2022 | Business Growth, Trends, Analysis 2027

Commercial Boiler Market Report Overview :

According to IMARC Group's latest report, titled "Commercial Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

A Closer Look at the Commercial Boiler Market Size | 2022

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.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/commercial-boiler-market/requestsample

Commercial Boiler Market Insight :

Commercial boilers are pressurized systems that heat water by using electricity or combustible fuels to provide heating in a commercial building. They consist of a heat exchanger, controls, burner, combustion chamber, and exhaust stack. Some commonly used commercial boilers include firetube, water tubes, commercial electric, vertical, and condensing boilers. They commonly use natural gas, but some boilers use electric resistance coils to produce heat from electricity or burn fuel oil. As a result, commercial boiler finds extensive applications in offices, warehouses, educational institutions, retail outlets, and hospitals across the globe.

Commercial Boiler Market Current Trends & Future Predictions :

The global commercial boiler market is primarily driven by the rising number of commercial and residential buildings that require safety regulations for heating equipment. Additionally, the increasing use of commercial boilers in cold countries for heating water is positively influencing the market growth.

Moreover, several favorable initiatives by governments of numerous countries to promote the adoption of energy-efficient solutions have catalyzed market growth. Along with this, the rising focus on reducing carbon emissions and supporting the development of green buildings has augmented the product demand. Furthermore, several key players are integrating safety relief valves in new variants to release excessive pressure and enhance performance.

In line with this, the development of boilers with compact designs and energy-saving accessories that comply with regulatory standards is contributing to the market growth. Other factors, including rising investments in research and development (R&D) activities, significant expansion in the tourism sector, and rapid industrialization, are also anticipated to drive the market further.

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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).

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

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/commercial-boiler-market

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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